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Keppel Corporation (KPELY)
OTHER OTC:KPELY
Earnings Data
Report Date
Apr 16, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.43Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive operational and strategic picture for the New Keppel: strong New Keppel net profit growth (+39% to $1.1bn), meaningful FUM growth ($95bn, on track for $100bn), record Infrastructure recurring earnings, expanded data center power bank (>1 GW) and active asset monetization with shareholder returns materially increased (total dividend $0.47/share and 58.5% TSR). However, material near‑term headwinds remain from legacy and noncore items that depressed reported overall profit (overall net profit down 16% to $789m), losses related to legacy O&M and the M1 remeasurement, and the large $13.5bn noncore portfolio that must be monetized over time. On balance the fundamentals, recurring earnings growth, strong asset management momentum and capital returns outweigh the lowlights, though execution and timing of monetizations and resolution of legacy items are key risks to watch.Company Guidance
New Keppel Net Profit Growth
New Keppel net profit rose 39% year‑on‑year to $1.1 billion (ex‑noncore/discontinued), reflecting broad‑based improvements across Infrastructure, Real Estate and Connectivity.
Strong Funds Under Management (FUM) Momentum
FUM increased from $88 billion to $95 billion at end‑2025, with $10.1 billion of new FUM added in 2025, a 5‑year CAGR of ~20%, and a $33 billion deal pipeline. Management remains on track for the $100 billion FUM target by end‑2026.
Infrastructure Delivers Record and Recurring Earnings
Infrastructure recorded record recurring earnings ($703 million) and infrastructure net profit of $803 million, up 18% YoY. Integrated power EBITDA was resilient at $661 million and decarbonization & sustainability EBITDA grew 32% YoY to $130 million, surpassing the prior $100 million target.
Improved Profitability Metrics for New Keppel
Return on equity for the New Keppel improved to 18.7% from 14.9% a year earlier. New Keppel net debt‑to‑EBITDA improved to 2.0x from 2.3x at end‑2024.
Recurring Income and Asset Management Growth
Recurring income (from asset management and operations) increased 21% YoY to $941 million. Asset management fees reached $453 million and asset management profit grew (management cited a 15% increase in one reference to $189 million).
Data Center and Connectivity Scale Ups
Data center power bank expanded from ~300 MW to over 1 GW in Asia‑Pacific (including a Melbourne site earmarked for 720 MW AI campus). At scale this >1 GW power bank could translate into approximately $10 billion of data center FUM. Bifrost cable began commercial traffic in Dec 2025; estimated O&M of about $200 million per fiber pair over 25 years.
Asset Monetization Progress and Capital Returns
Announced monetizations of ~$2.9 billion in 2025 and completed transactions with gross monetization value of ~$1.6 billion in 2025. Total monetization announced since Oct 2020 reached ~$14.5 billion. Company announced a $0.47 total dividend per share for FY2025 (ordinary + special), up 38% YoY, and a special dividend policy of ~10%–15% of gross value of completed monetizations.
Shareholder Value and Capital Management
Total shareholder return for 2025 was 58.5%. The company launched/has a $500 million buyback program (about $116 million deployed to date) and achieved $98 million in annual run‑rate cost savings toward a $120 million target by end‑2026.
Real Estate and Connectivity Segment Improvements
Real Estate segment net profit improved to $273 million from $107 million a year ago. Connectivity net profit rose to $175 million, up 17% YoY; connectivity asset management net profit rose 47% to $50 million driven by REIT acquisitions and fund closings.
Development Pipeline and Strategic Assets
Keppel Sakra Cogen (600 MW, hydrogen‑compatible) is on track to commence operations H1 2026 and is fully contracted for 2026–2027. Long‑term supply contracts in non‑power infrastructure rose by over $1 billion YoY to $7.1 billion, with tenors of 10–15 years.
KPELY Earnings History
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 |
|---|---|---|---|
Feb 04, 2026 | $17.20 | $18.16 | +5.55% |
Jul 30, 2025 | $12.42 | $12.87 | +3.64% |
Apr 23, 2025 | $9.41 | $9.65 | +2.53% |
Feb 04, 2025 | $9.28 | $9.55 | +2.88% |
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 Apr 16, 2026, TBA (Confirmed).
What is Keppel Corporation (KPELY) earnings time?
Keppel Corporation (KPELY) earnings time is at Apr 16, 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?
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What is KPELY EPS forecast?
Currently, no data Available