KPLIF (Keppel Infrastructure Trust) Operating Income: $187 Mil (TTM As of Dec. 2025)


KPLIF Keppel Infrastructure Trust KPLIF
45 GF Score
Price $0.42
GF Value $0.37
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Keppel Infrastructure Trust Operating Income?

Keppel Infrastructure Trust KPLIF 45 Operating Income is $187 Mil as of Dec. 2025. GuruFocus rates KPLIF with a GF Score™ of 45/100 and a GF Value™ of $0.37 (Significantly Overvalued). The stock has 11 warning signs investors should review.

Keppel Infrastructure Trust's Operating Income for the six months ended in Dec. 2025 was $99 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $187 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Keppel Infrastructure Trust's Operating Income for the six months ended in Dec. 2025 was $99 Mil. Keppel Infrastructure Trust's Revenue for the six months ended in Dec. 2025 was $898 Mil. Therefore, Keppel Infrastructure Trust's Operating Margin % for the quarter that ended in Dec. 2025 was 11.03%.

Good Sign:

Keppel Infrastructure Trust operating margin is expanding. Margin expansion is usually a good sign.

Keppel Infrastructure Trust's 5-Year average Growth Rate for Operating Margin % was 1.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Keppel Infrastructure Trust's annualized ROC % for the quarter that ended in Dec. 2025 was 2.65%. Keppel Infrastructure Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 14.81%.

Keppel Infrastructure Trust  (OTCPK:KPLIF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Keppel Infrastructure Trust's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=198.218 * ( 1 - 41.1% )/( (3992.768 + 4802.234)/ 2 )
=116.750402/4397.501
=2.65 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4712.126 - 318.794 - ( 400.564 - max(0, 476.784 - 912.628+400.564))
=3992.768

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4960.796 - 241.619 - ( 492.212 - max(0, 1264.398 - 1181.341+492.212))
=4802.234

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Keppel Infrastructure Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=229.428/( ( (1404.131 + max(147.426, 0)) + (1393.786 + max(153.046, 0)) )/ 2 )
=229.428/( ( 1551.557 + 1546.832 )/ 2 )
=229.428/1549.1945
=14.81 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(277.717 + 188.934 + 45.413) - (318.794 + 0 + 45.844)
=147.426

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(242.542 + 203.002 + 110.943) - (241.619 + 0 + 161.822)
=153.046

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Keppel Infrastructure Trust's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=99.109/898.252
=11.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Keppel Infrastructure Trust Operating Income Related Terms

Keppel Infrastructure Trust Operating Income Historical Data

* Premium members only.

The historical data trend for Keppel Infrastructure Trust's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Keppel Infrastructure Trust Operating Income Chart

Keppel Infrastructure Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.78 128.52 147.54 147.45 186.70

Keppel Infrastructure Trust Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.06 57.95 89.45 88.15 99.11
KPLIF
45GF Score
Keppel Infrastructure Trust KPLIF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keppel Infrastructure Trust Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $187 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $187 Mil mean?
Keppel Infrastructure Trust (KPLIF) has a Operating Income of $187 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Keppel Infrastructure Trust and its competitors.
Is Keppel Infrastructure Trust's Operating Income too high?
Keppel Infrastructure Trust's current Operating Income is $187 Mil. Overall, Keppel Infrastructure Trust has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keppel Infrastructure Trust's Operating Income compare to LIN and SHW?
Keppel Infrastructure Trust's Operating Income of $187 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Chemicals company?
A good Operating Income depends on the Chemicals industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Keppel Infrastructure Trust and its competitors. Keppel Infrastructure Trust's current Operating Income is $187 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keppel Infrastructure Trust stock overvalued right now?
Based on GuruFocus' analysis, Keppel Infrastructure Trust (KPLIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.37, compared to a current price of $0.42 — trading 14.6% above its estimated fair value. The current Operating Income is $187 Mil. Keppel Infrastructure Trust's overall GF Score™ is 45/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Keppel Infrastructure Trust (KPLIF), the current Operating Income is $187 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Keppel Infrastructure Trust (KPLIF) Overvalued in 2026?

Based on GuruFocus' analysis, Keppel Infrastructure Trust stock appears to be overvalued. The current stock price of $0.42 is trading 14.6% above its estimated GF Value™ of $0.37. GuruFocus considers Keppel Infrastructure Trust to be Significantly Overvalued.

Key valuation signals for KPLIF:

  • Operating Income: $187 Mil
  • GF Value™: $0.37 vs. price of $0.42 (14.6% above fair value)
  • GF Score™: 45/100 with 11 warning signs

No single metric tells the full story. See the KPLIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Keppel Infrastructure Trust Business Description

Other Exchanges A7RU:Singapore
Address 1 HarbourFront Avenue, Level 2, No. 18-01 Keppel Bay Tower, Singapore, SGP, 098632
Keppel Infrastructure Trust is an Infrastructure Business Trust. Its objective is to invest in infrastructure assets and providing unitholders with regular and predictable distributions and the potential for long-term capital growth. Its portfolio comprises strategic businesses and assets in the following segments, namely Energy Transition, Environmental Services, Distribution & Storage and Digital Infrastructure. A majority of the company's revenue is generated from the Energy Transition segment, which is engaged in the production and retailing of town gas and retailing of natural gas in Singapore, tolling arrangement for the power plant in Singapore, leasing of gas pipelines, sale of electricity produced by wind turbines and leasing of rooftop solar systems.
45GF Score

Get the complete analysis for KPLIF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.42
Price
$0.37
GF Value