Singapore · Delayed Price · Currency is SGD Keppel Infrastructure Trust Earnings Call Transcripts
Fiscal Year 2026
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Portfolio value reached SGD 9.4 billion with 13% YTD total returns and resilient distributable income growth. 80% of divestment proceeds were redeployed into accretive acquisitions, and all FY 2026 refinancing needs are secured. Key segments showed stable or improving performance, with City Energy managing under-recovery and Ventura expanding via acquisition.
Fiscal Year 2025
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Distributable income rose 24% year-on-year to SGD 249.5 million, with strong growth across core segments and a robust balance sheet. Strategic acquisitions and capital recycling underpin an 8% yield and position the portfolio for continued expansion in energy transition and digital infrastructure.
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Distributable income for 1H 2025 rose 31.2% year-on-year, driven by asset contributions and divestments, with DPU up 1%. Strategic capital recycling and a proposed digital infrastructure acquisition position the portfolio for growth, while gearing remains healthy at 39.3%.
Fiscal Year 2024
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FFO rose 10.3% to SGD 282 million and adjusted DI increased 4.3% year-on-year, driven by new acquisitions and record EBITDA at key assets. AUM grew 22% to SGD 9 billion, with higher CapEx planned for 2025 and a continued focus on sustainable DPU growth.
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Distributable income rose 2.1% year-on-year to SGD 117.8 million, with DPU up 1%. Portfolio growth was driven by Ventura and German Solar acquisitions, raising AUM to SGD 8.8 billion. Stable, contract-backed cash flows support sustainable distributions.
Fiscal Year 2023
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FY 2023 DI rose 42% to SGD 316.8 million and total DPU climbed 62% to 6.19 cents, including a special distribution. Growth plans prioritize selective acquisitions, asset optimization and renewable expansion, while leverage and interest exposure remain actively managed.