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FinanceKeppel H1 net profit drops 59% on impairments and M1 deal fallout; shares fall 4%
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Singaporean conglomerate Keppel reported a 59% drop in first-half net profit to S$155 million, driven by impairments and fallout from the M1 deal. However, group revenue rose 24.6% to S$3.8 billion, and the company highlighted 25% growth in its core 'New Keppel' operations. The mixed results led to a 4% decline in Keppel's share price. The report was published by The Business Times Singapore on July 30, 2026.
Source report
By: Shikhar Gupta
Overview
Keppel Corporation reported a 59% decline in net profit for the first half of 2026, falling to S$155 million, weighed down by impairments and the fallout from the M1 deal. The company's shares fell 4% following the announcement.
Despite the profit drop, group revenue rose 24.6% to S$3.8 billion. Keppel highlighted a 25% growth in its core "New Keppel" operations.
Key Financial Highlights
- Net Profit (H1 2026): S$155 million (down 59% year-on-year)
- Group Revenue: S$3.8 billion (up 24.6%)
- Core "New Keppel" Operations Growth: 25%
Factors Behind the Decline
The sharp drop in net profit was attributed to:
- Impairments recorded during the period
- Fallout from the M1 deal, which negatively impacted earnings
Market Reaction
Keppel's shares fell 4% in trading following the release of the half-year results, reflecting investor concerns over the profit decline and the impact of one-off charges.
Source
The Business TimesRegional
Part of this Story
Keppel H1 Net Profit Drops 59% on Impairments and M1 Deal Fallout; Shares Fall 4%