Keppel Infrastructure Trust's distributable income up 59% in 9M

The growth was due to higher contributions from City Energy, Ixom, Ventura, and divestment gains.

Keppel Infrastructure Trust announced a 59.2% year-on-year increase in distributable income to $168.9m for the nine months ended September 2025.

The growth was due to higher contributions from City Energy, Ixom, Ventura, and divestment gains.

Excluding the divestment gains of $49m, KIT’s core business increased by 13% YoY.

Funds from operations for City Energy rose to $41.1m as the business recorded higher town gas volume and service income, as well as fuel cost over-recovery.

However, funds from operations for KIT’s energy transition business declined by 12% YoY to $153.4m as funds from operations from its renewables portfolio fell.

Meanwhile, funds from operations for the renewables portfolio plunged to $26.7m even though wind speeds at BKR2 have “steadily recovered” since May.

Further, funds from operations for transition assets sank to $53.4m whilst environmental services fell by 36.5% YoY.