Keppel Ltd. (SGX:BN4)

Revenue by Segment

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Infrastructure	4.15B	4.60B	4.86B	4.33B	-
Infrastructure Growth	-9.62%	-5.45%	12.38%	-	-
Connectivity	952.87M	548.11M	1.37B	1.34B	1.27B
Connectivity Growth	73.85%	-59.87%	1.79%	5.98%	3.34%
Corporate Activities	99.27M	107.42M	59.34M	92.34M	74.07M
Corporate Activities Growth	-7.59%	81.02%	-35.74%	24.67%	-3.99%
Elimination	-149.28M	-152.78M	-84.41M	-139.07M	-121.90M
Non-core Portfolio for Divestment	705.16M	540.96M	-	-	-
Non-core Portfolio for Divestment Growth	30.35%	-	-	-	-
Real Estate	221.10M	144.34M	764.31M	999.28M	1.63B
Real Estate Growth	53.17%	-81.11%	-23.51%	-38.79%	27.06%
Asset Management	-	-	-	-	171.91M
Asset Management Growth	-	-	-	-	27.27%
Energy & Environment	-	-	-	-	3.59B
Total	5.98B	5.78B	6.97B	6.62B	6.61B
Total Growth	3.44%	-16.97%	5.23%	0.13%	0.56%

Revenue by Geography

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Other Far East & ASEAN Countries	300.28M	167.25M	194.90M	172.46M	159.20M
Other Far East & ASEAN Countries Growth	79.54%	-14.19%	13.01%	8.33%	-38.32%
Other Countries	65.55M	47.89M	57.13M	65.12M	68.75M
Other Countries Growth	36.87%	-16.17%	-12.27%	-5.28%	-87.36%
China/Hong Kong	340.79M	298.31M	503.76M	916.23M	1.53B
China/Hong Kong Growth	14.24%	-40.78%	-45.02%	-39.99%	31.48%
Singapore	5.28B	5.27B	6.21B	5.47B	4.86B
Singapore Growth	0.11%	-15.13%	13.62%	12.54%	6.42%
Total	5.98B	5.78B	6.97B	6.62B	6.61B
Total Growth	3.44%	-16.97%	5.23%	0.13%	0.56%

Source: S&P Global Market Intelligence.