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Keppel (SGX:BN4) reported 1H26 net profit of S$155m (1H25: S$378m). Excluding its non-core portfolio for divestment, which were impacted by rig impairments and other operating and valuation losses, net profit of New Keppel rose 25.0% to S$530m in 1H26.
- - Read this at SGinvestors.io -
Strong Infrastructure and Connectivity segment performance, slightly offset by weaker real estate segment performance:
Infrastructure:
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Core earnings rose 10.9% y-o-y to S$387m, driven by higher fund management (FM) income, as well as earnings from infrastructure operation platforms. Integrated power business EBITDA grew 9% y-o-y to S$356m, driven by one-month contribution from Keppel Sakra Cogen Plant (KSC, operations started on 29 May 26), which has more than offset softer spark spreads and costs impacts from the Middle East conflicts.
- - Read this at SGinvestors.io -
Real estate:
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Roy Chen CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-07-31
Previous report by UOB:
2026-06-25 Keppel - Lining Up The Growth Plans.
Price targets by 3 other brokers at Keppel Target Prices.
Listing of research reports at Keppel Analyst Reports.
Relevant links:
Keppel Share Price History,
Keppel Announcements,
Keppel Dividend Payout Dates & Corporate Actions,
Keppel News
