Singapore’s Keppel Posts Lower Profit After Loss on Telco Sale

Singapore conglomerate-turned-asset manager Keppel Ltd. reported a drop in annual earnings after losses sustained in an aggressive push to divest assets overshadowed an improvement in its business performance.

The firm, which is backed by state investor Temasek Holdings Pte, posted net income attributable to shareholders of S$789 million ($620 million) in 2025. That’s a 16% decrease from a year earlier and missed the S$857 million average of 11 analyst estimates compiled by Bloomberg.