Link: https://links.sgx.com/1.0.0/corporate-announcements/WTLQU6PFSN0WOIA3/267caa1034361727015efe2223f27986f771fd86cad38ab756a40e705441c3a1

Summary:

• Asset Base & Performance: KIT maintains largest SGX-listed infrastructure business trust with $8.7b AUM across more than 10 mature economies, showing a 31.2% increase in distributable income for 1H 2025 ($119.4m vs $90.9m)

• Strategic Divestments: Completed $301m total divestment proceeds through sale of 24.62% Ventura stake ($109m) and entire Philippine Coastal holding ($192m), demonstrating active capital recycling strategy

• Digital Infrastructure Entry: Proposed $122.3m acquisition of a 46.7% stake in Global Marine Group, a leading UK-based subsea cable service provider responsible for 31% of global maintained cable length with highly contracted revenue streams

• Financial Strength: Maintained healthy balance sheet with 39.3% net gearing, 4.6x net debt/EBITDA ratio, and $565m committed undrawn facilities providing financial flexibility for growth

• Portfolio Diversification: Geographic spread across Singapore (24%), Saudi Arabia (24%), Australia/New Zealand (28%), Europe (19%), and Korea (5%), with 62% exposure to energy transition assets

• Value Creation Track Record: Demonstrated strong value enhancement across portfolio - Ixom EBITDA grew 54% since acquisition, City Energy up 80%, and Philippine Coastal up 85% before strategic exit

• Future Growth Drivers: Positioned to capitalize on secular trends including $5.6 trillion annual energy transition investment needs through 2030, submarine cable market growth (6.3% CAGR to 2035), and continued digitalization demands