Keppel H2 profit rises 27.2% to S$645.4 million; proposes special dividend of S$0.13 per share
Special dividend proposed given its strong progress in monetisation, says company
[SINGAPORE] Keppel posted a 27.2 per cent rise in net profit to S$645.4 million for the second half ended December, up from S$507.5 million a year earlier.
Profit from continuing operations over the same period rose to S$646.4 million, up 22.5 per cent from S$527.9 million a year ago, it said in a bourse filing on Thursday (Feb 5).
For the full year, net profit – excluding non-core portfolio and discontinued operations – rose 39 per cent to S$1.1 billion, up from S$793 million in FY2024.
Keppel attributed its FY2025 performance to higher profits across all of its three business segments: infrastructure, real estate, and connectivity.
Of the three, infrastructure saw the largest share of earnings, bolstered by resilient results in the integrated power business and stronger growth from decarbonisation and sustainability solutions.
The results translate to earnings per share (EPS) for its continuing operations of S$0.355, up from S$0.282 in H2 FY2024.
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Revenue from continuing operations for H2 was S$3.3 billion, up 11.8 per cent from a year earlier. For the full year, revenue rose 3.4 per cent to nearly S$6 billion.
The asset manager has proposed a final dividend of S$0.47 per share for FY2025.
The final dividend comprises ordinary cash dividends of S$0.034 per share, which includes a proposed final cash dividend of S$0.19 and interim cash dividend of S$0.15 per share paid in August 2025.
The final dividend also comprises a special dividend of S$0.13 per share proposed by the board. This includes S$0.02 per share and dividend in-specie of each Keppel Reit unit for every nine Keppel shares held, baked on Keppel Reit’s closing price of S$0.98 on Feb 3, 2026.
Keppel said that the special dividend was proposed given the strong progress in monetisation.
The total cash dividend translates to a yield of 4.3 per cent, based on Keppel’s Feb 4 closing price. The group plans to pay the final ordinary cash dividend on May 8.
Keppel shares closed Wednesday at S$10.95, up 0.6 per cent or S$0.06.
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