Keppel Infra Trust's distributable income falls 17% to $140.1m
The decline reflects the absence of $44.1m in 2025 divestment gains.
Keppel Infrastructure Trust reported a distributable income (DI) of $140.1m for the first nine months, down 17% year-on-year (YoY) from $168.9m.
The decrease reflected the absence of $44.1m in divestment gains recorded in 2025. Excluding these gains, the group’s DI increased 12.3% YoY to $140.1m.
Funds from operations (FFO) grew 14.8% YoY to approximately $293.7m, driven by the energy transition segment, which increased 15.1% YoY to $176.6m, and the distribution and storage segment, which rose 15.3% to $76.5m.
Digital infrastructure contributed $11.9m, compared with no contribution YoY, whilst the environmental services fell 20.1% YoY to $28.7m from $36m.
The group attributed part of the growth in energy transition FFO to its additional 39% stake in KMC and acquisition of German Solar Portfolio II.
Total asset DI, after debt repayments and debt-funded maintenance capex, rose 8.2% YoY to $210.7m, whilst lower corporate expenses further supported DI growth.