Keppel posts transcript of 1H 2026 results webcast Q&A session

• Keppel released the Q&A transcript from its 1H 2026 results webcast attended by the CEO, CFO, and the CEOs of Fund Management, Real Estate, Infrastructure, Connectivity.
• Management flagged a July fundraising surge that lifted newly raised FUM to SGD 13.5 billion, with fees expected to start contributing in 2H 2026.
• About 45% of the SGD 13.5 billion raise was tied to Aermont’s Europe-focused fund on committed-fee terms; a sovereign wealth fund committed about SGD 3.3 billion.
• Infrastructure cited SGD 8 billion of long-term contracted revenue to be delivered over about 10 years; DSS performance rose slightly year on year.
• Management said April replacement gas was sourced due to force majeure, with no elevated replacement gas locked in for 2H 2026; Sakra Cogen offset costs.
• Sakra Cogen was described as fully contracted for 2026-2027, excluding required spinning reserves; availability and heat rates were “on point” in June-July.
• On rigs, impairment losses remain in the Non-Core Portfolio until transfer; six rigs entering a fund bring 50% cash proceeds, with the rest retained via SSCI.
• Rig valuation sensitivity disclosed a potential SGD 390 million impairment if deployment is delayed 12 months; management said it is not planning delays.
• Connectivity outlook emphasized recurring subsea cable O&M revenue over 25 years; Bifrost’s five fiber-pair O&M contract value was put at about SGD 1 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keppel Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: M1EBIQHGRBZ63APO) on July 30, 2026, and is solely responsible for the information contained therein.