KIT posts 27.7% increase in distributable income for Q1

It was driven by new acquisitions and strategic capital recycling.

Keppel Infrastructure Trust (KIT) reported a 27.7% increase in distributable income to $65m for the first quarter of 2025, up from $50.9m in the same period last year.

The growth was driven by contributions from new acquisitions and strategic capital recycling.

After adjusting for the gain on the divestment of Philippine Coastal (-$19.5m), KIT’s Q1 2025 distributable income stands at $45.5m. For Q1 2024, distributable income was $66.8m after adjustments for growth capex, upfront financing fees, and performance fees.

KIT also announced plans to acquire a 46.7% stake in Global Marine Group (GMG), a leading subsea cable service provider, from Keppel Infrastructure Fund (KIF).

The acquisition, expected to be highly accretive, will increase KIT’s distributable income per unit (DPU) by 3.5% for FY 2024 and establish its presence in the digital infrastructure sector.

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