Keppel announced it has secured about S$600 million in new contracts for decarbonisation and sustainability solutions, strengthening the visibility of long-term recurring income in its Infrastructure Division. The wins lifted Keppel’s backlog of long-term contracted revenue by S$1.1 billion to over S$7.1 billion as of end-2025, with revenues expected to be recognised over 10 to 15 years. Projects include large-scale district cooling and Cooling-as-a-Service developments across Singapore, Thailand, India, and the Philippines, supporting demand for energy-efficient and subscription-based infrastructure solutions. Keppel Ltd said the new contracts are not expected to have a material impact on net tangible asset value or earnings per share in the current financial year.

Source: Keppel press release