By Amanda Lee
Keppel Ltd. has proposed a special dividend, saying its streamlined business has performed strongly and is well-placed to deliver shareholder returns.
The asset manager and operator announced the dividend alongside 2025 results.
Full-year net profit fell 16% to 788.5 million Singapore dollars, equivalent to US$$619.7 million, a decline Keppel attributed mainly to accounting losses from the proposed sale of its telco business.
Excluding its non-core divestment portfolio and discontinued operations, net profit rose 39% to S$1.1 billion.
According to the company, the "New Keppel" recorded higher profit from all three business segments, with infrastructure accounting for the largest share of earnings. It noted stronger growth in decarbonization and sustainability solutions too.
The company has proposed a special dividend amounting to about 13 Singapore cents per share, comprising 2 Singapore cents per share in cash, and one Keppel REIT unit for every nine Keppel shares held.
Keppel Ltd.'s shares rose as much as 3.5% to S$11.33 during morning trade, before paring gains to 1.7%.
Write to Amanda Lee at amanda.lee@wsj.com
(END) Dow Jones Newswires
February 04, 2026 21:17 ET (02:17 GMT)
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