The bottom line, however, was weighed down by an accounting loss from the sale of M1's telco business which Keppel has booked, even before the deal is completed.
Adrian Loh of UOB Kay Hian has raised his target price for Keppel from $11.70 to $13.23, following what he calls a "strong" set of FY2025 numbers, where the company pleased shareholders with higher dividends, along with guidance for more.
For the year ended Dec 2025, the company's net profit from continuing operations rose 39% y-o-y to $1.1 billion, thanks to stronger recurring income, plus higher contributions across its three core operating segments.
