Keppel Balance Sheet

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,309	1,717	431.07	657.79	1,977
Short-Term Investments	112.13	548.72	898.25	417.75	1,375
Trading Asset Securities	-	149.41	169.85	0.69	0.27
Cash & Short-Term Investments	2,422	2,415	1,499	1,076	3,352
Cash Growth	0.28%	61.08%	39.30%	-67.90%	47.08%
Accounts Receivable	2,176	1,199	1,313	911.02	4,293
Other Receivables	-	733	643.3	476.82	800.47
Receivables	2,176	2,077	2,095	1,627	5,525
Inventory	1,099	1,924	2,110	2,301	4,604
Prepaid Expenses	-	83.88	67.94	78.43	129.8
Restricted Cash	-	37.83	19.6	114.9	291.25
Other Current Assets	2,067	81.68	574.16	9,651	942.93
Total Current Assets	7,763	6,619	6,366	14,849	14,846
Property, Plant & Equipment	3,853	4,452	1,116	1,218	2,574
Long-Term Investments	9,343	8,859	8,221	8,275	7,498
Goodwill	-	1,061	1,061	1,042	1,048
Other Intangible Assets	408.42	435.69	468.53	517.22	528.03
Long-Term Accounts Receivable	1.62	139.25	120.66	179.75	894.53
Long-Term Deferred Tax Assets	89.06	85.22	78.52	87.62	212.68
Long-Term Deferred Charges	-	5.21	5.1	5.01	13.69
Other Long-Term Assets	5,629	6,002	5,116	4,891	4,709
Total Assets	27,088	27,658	26,838	31,065	32,323
Accounts Payable	-	398.36	438.33	406.07	807.25
Accrued Expenses	-	1,805	1,723	1,829	2,975
Short-Term Debt	-	193.89	80.81	53.91	263.87
Current Portion of Long-Term Debt	1,906	1,389	2,422	3,578	4,659
Current Portion of Leases	12.63	37.62	37.41	36.43	89.68
Current Income Taxes Payable	242.89	266.09	377.47	258.99	505.48
Current Unearned Revenue	83.65	49.82	165.49	209.77	1,002
Other Current Liabilities	3,533	631.65	894.92	4,988	1,533
Total Current Liabilities	5,779	4,771	6,139	11,360	11,835
Long-Term Debt	9,409	10,724	8,807	6,859	6,938
Long-Term Leases	107.83	136.53	142.06	162.7	472.04
Long-Term Deferred Tax Liabilities	323.53	419.61	411.82	368.03	426.89
Other Long-Term Liabilities	282.53	181.32	321.75	401.41	209.56
Total Liabilities	15,902	16,233	15,821	19,152	19,882
Common Stock	1,306	1,306	1,306	1,306	1,306
Retained Earnings	10,497	10,498	10,127	10,780	10,366
Treasury Stock	-153.69	-96.08	-387.32	-456.02	-4.62
Comprehensive Income & Other	-785.3	-552.16	-336.28	-49.72	389.88
Total Common Equity	10,864	11,156	10,709	11,580	12,057
Minority Interest	322.07	269.94	307.6	333.56	384.7
Shareholders' Equity	11,186	11,426	11,017	11,913	12,441
Total Liabilities & Equity	27,088	27,658	26,838	31,065	32,323
Total Debt	11,436	12,481	11,489	10,690	12,423
Net Cash (Debt)	-9,014	-10,066	-9,990	-9,614	-9,070
Net Cash Per Share	-4.93	-5.47	-5.54	-5.35	-4.95
Filing Date Shares Outstanding	1,802	1,806	1,775	1,758	1,811
Total Common Shares Outstanding	1,802	1,806	1,762	1,752	1,820
Working Capital	1,984	1,848	226.92	3,489	3,011
Book Value Per Share	5.81	5.95	5.85	6.38	6.41
Tangible Book Value	10,456	9,659	9,180	10,020	10,481
Tangible Book Value Per Share	5.58	5.13	4.98	5.49	5.54
Land	-	44.68	45.17	45.24	6.26
Buildings	-	412.84	412.47	539.47	1,961
Machinery	-	1,111	1,023	1,032	2,687
Construction In Progress	-	1,948	46.71	148.87	117.68

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.