Keppel Income Statement

Financials in millions SGD. Fiscal year is January - December.

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	6,434	6,601	6,966	6,620	6,611	6,574
Revenue Growth (YoY)	-4.25%	-5.24%	5.23%	0.13%	0.56%	-13.26%
Cost of Revenue	4,561	4,746	5,005	5,181	5,083	4,642
Gross Profit	1,873	1,855	1,961	1,438	1,528	1,933
Selling, General & Admin	714.56	712.1	704.13	667.88	665.17	1,120
Other Operating Expenses	11.91	114.59	169.98	152.54	173.3	273.59
Operating Expenses	1,007	1,054	1,120	1,061	1,283	2,432
Operating Income	866.82	801.3	841.26	377.39	245.3	-499.83
Interest Expense	-436.24	-409.39	-328.05	-146.19	-170.1	-292.27
Interest & Investment Income	149.02	142.53	143.28	139.89	193.17	191.4
Earnings From Equity Investments	175.59	161.87	322.42	535.98	458.77	-162.22
Currency Exchange Gain (Loss)	28.63	5.45	-21.15	0.7	17.43	41.38
Other Non Operating Income (Expenses)	-	-	-	-	-146.02	-25.87
EBT Excluding Unusual Items	783.82	701.76	957.76	907.77	598.54	-747.41
Gain (Loss) on Sale of Investments	204.08	74.99	63.2	27.92	576.93	121.91
Gain (Loss) on Sale of Assets	55.54	16.15	44.09	21.86	242.53	62.33
Asset Writedown	171.37	317.31	148.51	130.54	185.11	203.16
Other Unusual Items	-	-	-	6.8	8.05	105.33
Pretax Income	1,215	1,110	1,214	1,095	1,611	-254.69
Income Tax Expense	289.4	244.1	289.71	245.15	375.19	253.41
Earnings From Continuing Operations	925.4	866.11	923.85	849.74	1,236	-508.09
Earnings From Discontinued Operations	108.11	108.11	3,181	83.07	-225.95	-
Net Income to Company	1,034	974.21	4,105	932.81	1,010	-508.09
Minority Interest in Earnings	-8.27	-22.49	-26.83	5.41	16.04	2.23
Net Income	1,025	951.72	4,078	938.22	1,026	-505.86
Preferred Dividends & Other Adjustments	11.57	11.57	11.6	11.6	3.4	-
Net Income to Common	1,014	940.15	4,067	926.62	1,023	-505.86
Net Income Growth	-57.58%	-76.66%	334.68%	-8.56%	-	-
Shares Outstanding (Basic)	1,830	1,822	1,787	1,778	1,820	1,818
Shares Outstanding (Diluted)	1,849	1,842	1,803	1,795	1,831	1,818
Shares Change (YoY)	2.47%	2.14%	0.43%	-1.94%	0.69%	-0.38%
EPS (Basic)	0.55	0.52	2.28	0.52	0.56	-0.28
EPS (Diluted)	0.55	0.51	2.26	0.52	0.56	-0.28
EPS Growth	-58.94%	-77.36%	337.21%	-7.69%	-	-
Free Cash Flow	2.57	-411.08	-862.66	-436.62	-966.56	-285.19
Free Cash Flow Per Share	0.00	-0.22	-0.48	-0.24	-0.53	-0.16
Dividend Per Share	0.340	0.340	0.340	0.330	0.330	0.100
Dividend Growth	-	-	3.03%	-	230.00%	-50.00%
Gross Margin	29.12%	28.10%	28.15%	21.73%	23.11%	29.40%
Operating Margin	13.47%	12.14%	12.08%	5.70%	3.71%	-7.60%
Profit Margin	15.75%	14.24%	58.38%	14.00%	15.47%	-7.69%
Free Cash Flow Margin	0.04%	-6.23%	-12.38%	-6.60%	-14.62%	-4.34%
EBITDA	1,090	974.13	1,025	541.07	525.77	-153.15
EBITDA Margin	16.93%	14.76%	14.71%	8.17%	7.95%	-2.33%
D&A For EBITDA	222.69	172.83	183.78	163.68	280.47	346.68
EBIT	866.82	801.3	841.26	377.39	245.3	-499.83
EBIT Margin	13.47%	12.14%	12.08%	5.70%	3.71%	-7.60%
Effective Tax Rate	23.82%	21.99%	23.87%	22.39%	23.29%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.