Keppel Balance Sheet

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

Millions SGD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	2,192	1,604	1,717	431.07	657.79	1,977
Short-Term Investments	-	694.47	548.72	898.25	417.75	1,375
Trading Asset Securities	47.35	112.13	149.41	169.85	0.69	0.27
Cash & Short-Term Investments	2,239	2,411	2,415	1,499	1,076	3,352
Cash Growth	15.28%	-0.16%	61.08%	39.30%	-67.90%	47.08%
Accounts Receivable	2,784	1,250	1,199	1,313	911.02	4,293
Other Receivables	-	471.02	733	643.3	476.82	800.47
Receivables	2,784	2,079	2,077	2,095	1,627	5,525
Inventory	1,012	1,099	1,924	2,110	2,301	4,604
Prepaid Expenses	-	41.59	83.88	67.94	78.43	129.8
Restricted Cash	0.39	10.68	37.83	19.6	114.9	291.25
Other Current Assets	59.55	2,122	81.68	574.16	9,651	942.93
Total Current Assets	6,096	7,763	6,619	6,366	14,849	14,846
Property, Plant & Equipment	4,150	3,853	4,452	1,116	1,218	2,574
Long-Term Investments	9,574	9,343	8,859	8,221	8,275	7,498
Goodwill	-	341.21	1,061	1,061	1,042	1,048
Other Intangible Assets	1,313	59.96	435.69	468.53	517.22	528.03
Long-Term Accounts Receivable	19.24	123.78	139.25	120.66	179.75	894.53
Long-Term Deferred Tax Assets	82.72	89.06	85.22	78.52	87.62	212.68
Long-Term Deferred Charges	-	7.24	5.21	5.1	5.01	13.69
Other Long-Term Assets	5,288	5,507	6,002	5,116	4,891	4,709
Total Assets	26,523	27,088	27,658	26,838	31,065	32,323

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	-	486.77	398.36	438.33	406.07	807.25
Accrued Expenses	-	1,371	1,805	1,723	1,829	2,975
Short-Term Debt	-	208.13	193.42	80.81	53.91	263.87
Current Portion of Long-Term Debt	1,893	1,906	1,389	2,422	3,578	4,659
Current Portion of Leases	23.61	12.63	37.62	37.41	36.43	89.68
Current Income Taxes Payable	237.84	242.89	266.09	377.47	258.99	505.48
Current Unearned Revenue	50.79	83.65	49.82	165.49	209.77	1,002
Other Current Liabilities	2,925	1,467	632.12	894.92	4,988	1,533
Total Current Liabilities	5,130	5,779	4,771	6,139	11,360	11,835
Long-Term Debt	9,421	9,429	10,724	8,807	6,859	6,938
Long-Term Leases	179.75	107.83	136.53	142.06	162.7	472.04
Long-Term Deferred Tax Liabilities	452.08	323.53	419.61	411.82	368.03	426.89
Other Long-Term Liabilities	229.34	262.11	181.32	321.75	401.41	209.56
Total Liabilities	15,412	15,902	16,233	15,821	19,152	19,882

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	1,306	1,306	1,306	1,306	1,306	1,306
Retained Earnings	10,096	10,662	10,498	10,127	10,780	10,366
Treasury Stock	-207.13	-153.69	-96.08	-387.32	-456.02	-4.62
Comprehensive Income & Other	-384.8	-949.97	-552.16	-336.28	-49.72	389.88
Total Common Equity	10,810	10,864	11,156	10,709	11,580	12,057
Minority Interest	301.72	322.07	269.94	307.6	333.56	384.7
Shareholders' Equity	11,111	11,186	11,426	11,017	11,913	12,441
Total Liabilities & Equity	26,523	27,088	27,658	26,838	31,065	32,323

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	11,517	11,665	12,481	11,489	10,690	12,423
Net Cash (Debt)	-9,278	-9,254	-10,066	-9,990	-9,614	-9,070
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.08	-5.06	-5.54	-5.54	-5.35	-4.95
Filing Date Shares Outstanding	1,801	1,799	1,806	1,775	1,758	1,811
Total Common Shares Outstanding	1,801	1,802	1,806	1,762	1,752	1,820
Working Capital	965.38	1,984	1,848	226.92	3,489	3,011
Book Value Per Share	5.60	5.81	5.95	5.85	6.38	6.41
Tangible Book Value	9,496	10,463	9,659	9,180	10,020	10,481
Tangible Book Value Per Share	4.87	5.58	5.13	4.98	5.49	5.54
Land	-	33.15	44.68	45.17	45.24	6.26
Buildings	-	300.09	412.84	412.47	539.47	1,961
Machinery	-	411.51	1,111	1,023	1,032	2,687
Construction In Progress	-	1,917	1,948	46.71	148.87	117.68