Keppel Ltd.

Keppel Ltd.

7.99
EUR
+0.40
(+5.30%)
-0.06EPS
6.99BMarket Cap
Feb 04Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.86
7.32
5.67
3.73
3.28
3.29
4.17
3.62
3.72
3.72
3.82
3.22
3.3
4.1
Basic EPS, GAAP
1.02
1.04
0.84
0.43
0.11
0.52
0.39
-0.28
0.58
0.53
2.24
0.53
0.44
-0.1
Free Cash Flow per Basic Share
-0.17
-0.33
-1.07
-0.09
0.47
-0.07
-0.74
-0.16
-0.54
-0.25
-0.47
-0.23
0.08
-0.42
Dividend per Share
0.37
0.42
0.48
0.3
0.2
0.29
0.23
0.15
0.19
0.36
0.32
0.34
0.34
0.2
Book Value per Share
5.37
5.73
6.13
6.42
6.16
6.22
6.17
5.9
6.63
6.61
6.08
6.18
6.03
5.7
Tangible Book Value per Share
5.32
5.67
6.07
6.34
6.08
6.15
5.25
5.02
5.75
5.72
5.21
5.35
5.8
4.79
Basic Weighted Avg Shares
1,805
1,815
1,815
1,815
1,817
1,814
1,816
1,818
1,778
1,778
1,822
1,797
1,813
1,818
Sales/Revenue/Turnover
12,380
13,283
10,296
6,767
5,964
5,965
7,580
6,574
6,611
6,620
6,966
5,784
5,983
7,447
Operating Margin (%)
17.24
17.87
14.7
11.75
15.61
19.36
12.54
0.14
17.08
8.54
17.04
19.81
18.76
12.76
Depreciation Expense
242
265
220
236
212
182
375
414
406
242
221
208
244
407
Net Income, GAAP
1,846
1,885
1,525
784
196
948
707
-506
1,026
938
4,078
952
800
-186
Effective Tax Rate (%)
14.22
16.01
20.25
22.1
55.29
22.86
20.17
- -
23.29
22.39
23.87
22.12
23.21
253.65
Profit Margin (%)
14.91
14.19
14.81
11.58
3.29
15.9
9.33
-7.69
15.52
14.17
58.54
16.45
13.37
-2.5
Working Capital
8,740
10,362
7,727
7,122
5,450
5,474
2,352
2,302
3,011
3,489
227
1,848
1,984
1,001
LT Debt
6,583
5,587
7,402
7,218
6,079
6,068
7,034
8,101
7,268
6,766
8,680
10,646
9,517
7,750
Total Equity
13,689
14,728
11,926
12,345
11,722
11,577
11,646
11,156
12,441
11,913
11,017
11,426
11,186
10,813
Return on Invested Capital (%)
8.56
9.1
5.6
2.93
1.73
4.2
3.3
- -
3.56
1.86
3.64
3.86
3.7
-1.59
Return on Capital (%)
6.79
6.8
7.49
4.43
1.37
5.67
4.25
- -
4.87
4.53
19.35
5.44
5.13
-2.98
Return on Common Equity (%)
19.48
18.77
14.2
6.89
1.71
8.45
6.29
-4.61
9.01
7.94
36.59
8.71
7.27
-1.73

Capital Structure

SGD

•

in mil. unless spec.
Dec'19
Mar'20
Jun'20
ST Debt
4,623
5,474
5,493
LT Borrowings
6,504
6,508
7,257
LT Finance Leases
530
519
493
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,816
1,821
1,821
Market Capitalization
12,235
9,528
10,944

Working Capital

SGD

•

in mil. unless spec.
Dec'19
Mar'20
Jun'20
Total Current Assets
14,298
14,898
13,635
Cash, Cash Equivalents & STI
1,726
2,385
2,546
Accounts Receivable, Net
1,686
2,860
2,771
Inventories
5,543
5,495
5,048
Total Current Liabilities
11,947
13,028
12,634
Payables & Accruals
- -
- -
- -
ST Debt
4,623
5,474
5,493
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.5%
0.27%
-2.1%
Free Cash Flow
14.96%
18.68%
-135.92%
Net Income, GAAP
-0.61%
-13.86%
-15.93%
Sales/Revenue/Turnover
-3.99%
-1.52%
3.44%
Total Cash Common Dividend
2.78%
21.82%
1.46%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
6,966
2024
- -
- -
5,784
2025
- -
- -
5,983

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2.24
2024
- -
- -
0.53
2025
- -
- -
0.44

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.32
2024
- -
- -
0.34
2025
- -
- -
0.34

Company Description

CEO
Chin Hua Loh
Full Time Employees
4,964
Sector
Utilities
Industry
Electric utilities
Address
No. 18-01 Keppel Bay Tower Singapore CE Singapore 098632
IPO Date
Oct 24, 1980
Website
keppel.com
Business
Keppel Ltd (BN4.SI), formerly Keppel Corporation, serves as a global asset manager and operator headquartered in Keppel Bay Tower, Singapore, and founded in 1968, with operations spanning more than 20 countries across infrastructure, real estate, connectivity, and fund management and investment platforms. The company offers infrastructure solutions including energy infrastructure such as power plants, waste-to-energy facilities, renewable energy projects, district heating and cooling systems via Keppel DHCS Pte Ltd, and electricity supply through Keppel Electric Pte Ltd; real estate development and investment encompassing residential, commercial, mixed-use properties, integrated townships, senior living facilities, and sustainable projects like Saigon Centre in Vietnam and Tianjin Eco-City joint ventures in China under Keppel Land; connectivity services featuring data centres through Keppel Data Centres Pte Ltd, telecommunications and logistics via Keppel Telecommunications & Transportation Ltd, and mobile/fixed services from M1 Limited; as well as fund management through Keppel Capital Holdings Pte Ltd, including managers for Keppel REIT and Keppel Infrastructure Trust. Keppel targets industrial, commercial, municipal, and institutional customers in sectors addressing climate change, energy transition, urbanisation, and digitalisation. Recent developments include the 2024 renaming to Keppel Ltd following restructuring into an asset-light model; full acquisition of the remaining 49% stake in Cleantech Renewable Assets Pte Ltd from Shell Singapore in 2025, boosting its solar portfolio to 1.1GW with plans for another 1GW by 2026 and expansion into wind energy; a partnership with AIIB in June 2025 to mobilize up to USD1.5 billion for sustainable infrastructure in Asia-Pacific focusing on green energy, digital infrastructure, and connectivity; divestment of Dyna-Mac in 2024 and ongoing monetization of non-core assets like legacy offshore and marine holdings; formation of joint ventures for an 80MW data centre in Taiwan and cooling services expansion in Thailand; and acquisition of a Chennai office complex for USD352.9 million alongside strong 9M 2025 earnings growth exceeding 25% year-on-year from its core businesses.

Company News

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  • Keppel Infrastructure Trust (KPLIF) Q2 2026 Earnings Call Transcript

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  • Financial Review: Keppel (OTCMKTS:KPELY) and Martin Midstream Partners (NASDAQ:MMLP)

  • Keppel Ltd. (KPELY) Q4 2025 Earnings Call Transcript

  • Keppel Infrastructure Trust (KPLIF) Q4 2025 Earnings Call Transcript

  • Head to Head Analysis: DHT (NYSE:DHT) and Keppel (OTCMKTS:KPELY)

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  • Keppel Ltd. (KPELF) Q2 2025 Earnings Call Transcript

  • Keppel Ltd. (KPELF) Q4 2024 Earnings Call Transcript

  • Data centre demand drives Keppel's annual profit higher