Keppel Infra Trust sees 17.3% drop in Q1 income, underlying earnings jump
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Keppel Infrastructure Trust reported a 17.3% drop in Q1 distributable income to $53.7 million, including divestment gains. Excluding these gains, income rose 18.2% YoY. The trust's energy transition portfolio saw a 19.7% increase in income, while environmental services rose 8.9%. However, distribution and storage income fell 9.7%. Net gearing increased to 41.9%, and the interest coverage ratio improved to 8.6 times. The trust secured funding for FY2026 refinancing and proposed a $128.1 million acquisition of additional interests in Keppel Merlimau Cogen Plant, expected to boost future funds from operations and distributions.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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