Keppel Ltd. reported a strong set of results for FY 2025, with earnings for the “New Keppel” rising 39% year on year to $1.1 billion, driven by improved performance across all three business segments, led by Infrastructure. Recurring income increased 21% to $941 million, while return on equity rose to 18.7%, reflecting Keppel’s continued shift toward an asset-light global asset management and operating model. Funds under management grew 8% to $95 billion, and asset management net profit climbed 15% to $189 million. The group also announced $2.9 billion of asset monetisation deals in 2025, taking cumulative monetisation since 2020 to $14.5 billion.

Keppel proposed total FY 2025 distributions of around 47 cents per share, up 38% from the previous year, combining higher ordinary dividends and a special dividend linked to asset monetisation. Management highlighted strong positioning to benefit from digitalisation, AI-driven demand, and low-carbon infrastructure growth going forward.

Source: Keppel Ltd., February 5, 2026