Keppel Infrastructure Trust distributable income up 15.8%YoY to $222.5m in FY2022

This is due to new acquisitions and the performance of Ixom.

Keppel Infrastructure Trust (KIT) saw a 15.8% year-on-year (YoY) increase in distributable income to $222.5m in the financial year 2022 on the back of new acquisitions, steady portfolio performance and a record year at its industrial business in Australia and New Zealand, Ixom.

Ixom’s contribution came from the manufactured chemicals, construction, mining, dairy, and water treatment segments. It also completed three bolt-on acquisitions during the period which includes Bituminous Products in the construction sector, and Aromatic Ingredients and Pure Ingredients in the life sciences sector.

“The strategic review of Ixom is ongoing. While the macro uncertainties and volatilities have made investors more cautious, the Trustee-Manager continues to see keen interest in Ixom, which has been a creditable investment for KIT, delivering attractive and growing returns since 2019,” it said.

Per segment performance, energy transition increased by 55.5% to around $117.7m, whilst the distribution and storage segment was up 9.5% to $102.6b. The environmental services segment dipped by 1.5% to $70.3m, whilst KIT and Holdco declined by 40% to a $66.1m loss.

KIT said its distribution per unit rose 1% YoY to 3.82 cents, translating to a distribution yield of 7.1% based on its closing price of $0.540 as of 31 December 2022.

Follow the link for more news on

Keppel Infrastructure Trust

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia