Keppel BN4.SI · SGD

Industrials · SGX · 🇸🇬 Singapore

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9.45

-4.93%

Close of 6 Nov 2026, in SGD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in SGD, from our data supplier.

FY2025

Revenue

SGD 5.98bn

FY2016FY2025

Net income

SGD 800.1m

FY2016FY2025

Free cash flow

SGD 147.7m

FY2016FY2025

Shareholders' equity

SGD 10.86bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	SGD 5.98bn	SGD 5.78bn	SGD 6.97bn	SGD 6.62bn	SGD 8.62bn	SGD 6.57bn	SGD 7.58bn	SGD 5.96bn	SGD 5.96bn	SGD 6.77bn
Gross profit	SGD 1.99bn	SGD 1.69bn	SGD 1.97bn	SGD 1.45bn	SGD 2.43bn	SGD 1.98bn	SGD 2.31bn	SGD 1.79bn	SGD 2.01bn	SGD 2.56bn
Operating income	SGD 1.12bn	SGD 1.15bn	SGD 1.19bn	SGD 565.2m	SGD 897.8m	SGD 8.4m	SGD 876.5m	SGD 1.06bn	SGD 182.3m	SGD 795.2m
Net income	SGD 800.1m	SGD 951.7m	SGD 4.08bn	SGD 938.2m	SGD 1.03bn	−SGD 505.9m	SGD 707.0m	SGD 948.4m	SGD 196.0m	SGD 783.9m
Diluted earnings per share	0.44	0.53	2.26	0.52	0.56	-0.28	0.39	0.52	0.03	0.43

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	SGD 27.09bn	SGD 27.66bn	SGD 26.84bn	SGD 31.06bn	SGD 32.32bn	SGD 32.11bn	SGD 31.32bn	SGD 26.59bn	SGD 28.43bn	SGD 29.94bn
Cash and short-term investments	—	—	—	—	—	SGD 2.61bn	SGD 1.73bn	SGD 1.96bn	SGD 2.31bn	SGD 2.15bn
Total liabilities	SGD 15.90bn	SGD 16.23bn	SGD 15.82bn	SGD 19.15bn	SGD 19.88bn	SGD 21.38bn	SGD 20.11bn	SGD 15.32bn	SGD 17.23bn	SGD 18.28bn
Debt	SGD 9.41bn	SGD 10.51bn	SGD 8.54bn	SGD 6.60bn	SGD 6.80bn	SGD 8.10bn	SGD 11.59bn	SGD 7.55bn	SGD 7.79bn	SGD 9.05bn
Shareholders' equity	SGD 10.86bn	SGD 11.16bn	SGD 10.71bn	SGD 11.58bn	SGD 12.06bn	SGD 10.73bn	SGD 11.21bn	SGD 11.27bn	SGD 11.19bn	SGD 11.67bn
Shares outstanding	1,802m	1,802m	1,802m	1,802m	1,820m	1,821m	1,816m	1,813m	7,083m	1,834m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	SGD 661.5m	SGD 200.3m	SGD 58.4m	SGD 259.6m	−SGD 351.7m	SGD 202.5m	−SGD 825.5m	SGD 124.8m	SGD 1.20bn	SGD 294.3m
Capital spending	−SGD 513.9m	−SGD 611.4m	−SGD 921.1m	−SGD 696.2m	−SGD 614.9m	−SGD 487.6m	−SGD 516.8m	−SGD 254.5m	−SGD 393.0m	−SGD 466.2m
Free cash flow	SGD 147.7m	−SGD 411.1m	−SGD 862.7m	−SGD 436.6m	−SGD 966.6m	−SGD 285.2m	−SGD 1.34bn	−SGD 129.8m	SGD 810.0m	−SGD 171.9m
Dividends paid	−SGD 617.0m	−SGD 608.1m	−SGD 581.5m	−SGD 654.8m	−SGD 345.8m	−SGD 273.1m	−SGD 417.9m	−SGD 435.5m	−SGD 363.5m	−SGD 544.7m

Latest quarters

By quarter end

	Dec 2025	Jun 2025	Dec 2024	Jun 2024	Dec 2023	Jun 2023	Mar 2023	Dec 2020
Revenue	SGD 3.31bn	SGD 3.06bn	SGD 2.96bn	SGD 3.22bn	SGD 3.25bn	SGD 3.72bn	SGD 1.86bn	SGD 3.39bn
Gross profit	SGD 961.0m	SGD 953.4m	SGD 730.0m	SGD 940.1m	SGD 929.9m	SGD 1.04bn	SGD 519.0m	SGD 1.01bn
Operating income	SGD 524.4m	SGD 616.7m	SGD 684.9m	SGD 509.9m	SGD 631.5m	SGD 579.3m	SGD 165.9m	SGD 157.8m
Net income	SGD 410.8m	SGD 377.7m	SGD 636.0m	SGD 304.1m	SGD 439.9m	SGD 3.63bn	SGD 231.4m	SGD 31.3m
Diluted earnings per share	0.22	0.21	0.34	0.17	0.24	2.00	0.12	0.02
Cash from operations	—	—	—	—	—	—	—	SGD 290.0m
Capital spending	—	—	—	—	—	—	—	−SGD 124.0m
Free cash flow	—	—	—	—	—	—	—	SGD 166.0m
Total assets	SGD 27.09bn	SGD 27.72bn	SGD 27.66bn	SGD 27.72bn	SGD 26.84bn	SGD 27.62bn	SGD 27.62bn	SGD 32.11bn
Cash and short-term investments	—	—	—	—	—	—	SGD 1.59bn	SGD 2.61bn
Debt	SGD 9.41bn	SGD 10.07bn	SGD 10.51bn	SGD 9.51bn	SGD 8.54bn	SGD 8.55bn	SGD 8.70bn	SGD 8.10bn
Shareholders' equity	SGD 10.86bn	SGD 10.62bn	SGD 11.16bn	SGD 10.89bn	SGD 10.71bn	SGD 11.17bn	SGD 11.48bn	SGD 10.73bn

Financial ratios

Data as of 25 Sept 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Gross margin	29.2%	25.6%	28.2%	21.8%	28.1%	30.2%	—	—	—
Operating margin	—	19.8%	—	8.5%	10.4%	0.1%	9.8%	7.8%	—
Net margin	13.4%	16.5%	58.5%	14.2%	11.9%	-7.7%	—	—	—
Return on equity	7.4%	8.5%	38.1%	8.1%	8.5%	-4.7%	—	—	—
Return on assets	3.0%	3.4%	15.2%	3.0%	3.2%	-1.6%	—	—	—
Free cash flow yield	5.8%	—	—	—	1.3%	3.4%	-1.5%	1.9%	2.0%
Revenue growth	3.4%	-17.0%	5.2%	-23.2%	31.2%	-13.3%	—	—	—
Earnings growth	-15.9%	-76.7%	334.7%	-8.6%	-302.8%	-171.6%	—	—	—
Current ratio	1.34x	1.39x	1.04x	1.31x	1.25x	1.19x	—	—	—
Debt to equity	0.87x	0.94x	0.80x	0.57x	0.56x	0.71x	—	—	—
Equity ratio	40.1%	40.3%	39.9%	37.3%	37.3%	33.4%	—	—	—
Interest coverage	—	2.85x	—	3.84x	3.55x	0.03x	2.37x	2.32x	—
Buybacks as a share of market value	1.0%	—	—	—	0.1%	-0.2%	-0.2%	74.4%	-286.2%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	-3.3%	-1.9%	-5.3%
Operating income	25.7%	166.2%	-2.9%
Net income	-5.2%	—	-6.2%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Gross margin	31.2%	28.0%	28.4%	30.4%
Operating margin	19.3%	15.9%	12.1%	12.1%
Net margin	14.9%	26.7%	18.0%	14.8%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	23.3	12.9	3.1	8.8	5.8	-12.4	11.0	7.2	168.6	8.6
Price to sales	3.1	2.1	1.8	1.3	0.7	1.0	1.0	1.1	5.5	1.0

Dividends and splits

Per share, in the currency the company pays

Paid for 36 years. Last went ex-dividend on 27 Apr 2026.

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Paid in the year	0.19	0.34	0.34	0.33	0.36	0.19	0.15	0.23

11-for-10 split · 26 Apr 2011
2-for-1 split · 2 May 2007
1.174-for-1 split · 19 Nov 2001
5-for-4 split · 24 Apr 1997

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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Keppel BN4.SI · SGD

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology