Back 14 May 2025

Keppel Management Ltd. FY2024 Audited Accounts: Snapshot of Financial Position and Regulatory Landscape

Link: https://links.sgx.com/1.0.0/corporate-announcements/9G6SRDNSII5F6FE8/b63c9bc7b1a3c3386b043edff9de121c3e3cddf047c5894a4db2de3dab5dbd22

Summary:

  • The audited consolidated financial statements for Keppel Management Ltd. and its subsidiaries for the financial year ended 31 December 2024 have been presented.
  • The independent auditor has confirmed that the consolidated financial statements provide a true and fair view of the Group's financial position as at 31 December 2024 and its financial performance for the year.
  • As at 31 December 2024, key asset values included properties held for sale at $1,821 million and investment properties at fair values of $5,217 million.
  • The Group had unutilised tax losses and capital allowances of $485.9 million as at 31 December 2024, with related tax benefits not recognised.
  • The Base Erosion and Profit Shifting (BEPS) Pillar Two model rules are applicable to the Group.