Keppel Ltd's earnings call for the first half of 2025 demonstrated strong financial performance with significant growth in net profit and asset monetisation. Notable achievements include a strategic partnership with AIIB and substantial cost savings. However, challenges remain with losses in the non-core portfolio and a competitive telco market affecting the Connectivity segment.

Company Guidance -

Q4 2025

In the call, Keppel Ltd provided extensive guidance on its financial performance and strategic outlook for the first half of 2025. Key metrics included a 25% year-on-year increase in net profit to $431 million for the New Keppel, alongside a 24% rise in overall net profit to $378 million. The company's funds under management (FUM) reached $91 billion by the end of June 2025, with a $7.8 billion asset monetization announced to date. Keppel's recurring income grew by 7% to $444 million, while the non-core portfolio incurred a net loss of $53 million. The group achieved an annualized ROE of 15.4%, up from 13.2% in the previous year, with a net debt to EBITDA ratio of 2.4x. Keppel also reported $88 million in recurring annual run-rate cost savings, progressing towards a target of $120 million by 2026. The board declared an interim cash dividend of $0.15 per share and announced a $500 million share buyback program. Additionally, the company is negotiating over $500 million worth of real estate and connectivity asset monetization transactions to be finalized before year-end.

Strong Financial Performance

Keppel's net profit surged by 25% year-on-year to $431 million for the New Keppel, driven by robust infrastructure earnings and improved contributions from real estate. Additionally, all-in net profit for the first half of 2025 rose 24% year-on-year to $378 million.

Asset Monetisation Progress

Keppel announced $915 million in divestments year-to-date, bringing total asset monetisation to $7.8 billion since October 2020. This includes $477 million from real estate assets and investments in India and Vietnam.

Infrastructure Division Growth

The Infrastructure division's net profit rose 8% year-on-year to $333 million, and EBITDA grew 7% to $405 million despite softer spark spreads.

Significant Cost Savings

Project Lean achieved $88 million in recurring annual run-rate cost savings, advancing towards the target of $120 million per annum by end 2026.

Strategic Partnerships and Rankings

Keppel was ranked as the fourth largest infrastructure manager in Asia Pacific and 23rd globally by assets under management, and formed a strategic partnership with AIIB to mobilize up to USD 1.5 billion for projects.

Asset Management Fee Growth

In the first 6 months of 2025, Keppel recorded $195 million in asset management fees and raised about $1.9 billion in equity.

Keppel (KPELY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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KPELY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 22, 2026	2025 (Q4)	0.48 / -	0.426	―	―	―
Jul 30, 2025	2025 (Q2)	0.41 / 0.37	0.25	49.60% (+0.12)
Apr 23, 2025	2025 (Q1)	- / -	0.365	―		―
Feb 04, 2025	2024 (Q4)	0.39 / 0.43	0.365	16.71% (+0.06)
Oct 17, 2024	2024 (Q3)	- / -	0.555	―	―	―
Jul 31, 2024	2024 (Q2)	- / 0.25	0.361	-30.75% (-0.11)
Apr 24, 2024	2024 (Q1)	- / -	0.235	―		―
Jan 31, 2024	2023 (Q4)	- / 0.36	0.235	55.32% (+0.13)
Oct 19, 2023	2023 (Q3)	- / -	0.341	―		―
Jul 27, 2023	2023 (Q2)	- / 0.36	0.221	63.35% (+0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KPELY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$12.63	$13.09	+3.64%
Apr 23, 2025	$9.59	$9.83	+2.50%
Feb 04, 2025	$9.45	$9.72	+2.86%
Oct 17, 2024	$9.29	$9.66	+3.98%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Keppel Corporation (KPELY) report earnings?

Keppel Corporation (KPELY) is schdueled to report earning on Jan 22, 2026, TBA (Confirmed).

What is Keppel Corporation (KPELY) earnings time?

Keppel Corporation (KPELY) earnings time is at Jan 22, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is KPELY EPS forecast?

KPELY EPS forecast for the fiscal quarter 2025 (Q4) is 0.48.

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