Keppel Corporation Limited ( (KPELY) ) has released its Q4 earnings. Here is a breakdown of the information Keppel Corporation Limited presented to its investors.
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Keppel Ltd., headquartered in Singapore, is a global asset manager and operator that specializes in providing sustainability-related solutions across infrastructure, real estate, and connectivity sectors. The company operates in over 20 countries and offers critical infrastructure and services for renewables, clean energy, and digital connectivity.
Keppel Ltd. has reported a net profit of $1.06 billion for the year ending December 31, 2024, marking a 5% increase from the previous year. The company has demonstrated strong growth in its asset management business, with Funds Under Management (FUM) increasing by 60% to $88 billion and asset management fees rising by 54% to $436 million.
The company’s financial performance was driven by robust earnings from its Infrastructure Segment, contributing $673 million, and significant growth in its Connectivity Segment, which saw a 45% increase in earnings year-on-year. Keppel also made significant progress in its asset monetization strategy, announcing $1.5 billion in asset sales for 2024, a 61% increase from the previous year. The company achieved $70 million in annualized cost savings ahead of schedule and plans to achieve an additional $50 million by 2026.
Looking forward, Keppel Ltd. is focused on continuing its transformation into a global asset manager and operator. The company plans to pursue new opportunities in the energy transition, digitalization, and AI sectors, leveraging its integrated ecosystem to provide connectivity and sustainability solutions. Keppel aims to deliver strong returns to shareholders and maintain its growth trajectory.
