Keppel Ltd. Update: South Jakarta District Court Rules in Favour of PT. Kepland Investama

Key Points from the Update

• Favourable Court Ruling: On 9 February 2026, the South Jakarta District Court declared that a lawsuit filed by an individual, Tumpal Hutabarat, against PT. Kepland Investama (a wholly-owned subsidiary of Keppel Ltd.) was inadmissible.
• Court Costs: The court ordered the Claimant to pay the associated court costs, relieving PT. Kepland of any financial burden in relation to the lawsuit.
• Background: The civil action concerned the ownership of land plots in Jakarta, a matter that could potentially impact Keppel Ltd.’s assets and operations in Indonesia.
• Previous Disclosure: Keppel Ltd. had previously announced the existence of this civil action in a market announcement on 17 March 2025.

Implications for Shareholders

• Legal Clarity: The resolution of this lawsuit removes a source of legal uncertainty regarding Keppel’s land assets in Jakarta. This is a positive development for shareholders, as it reinforces the security of Keppel’s Indonesian landholdings.
• Potential Price Sensitivity: The favourable court ruling may be viewed positively by investors and analysts, as it eliminates the risk of asset loss or impairment associated with the lawsuit. This could have a supportive effect on Keppel Ltd.’s share price.
• Financial Impact: With the Claimant ordered to pay court costs, Keppel Ltd. and its subsidiary avoid any extraordinary litigation expenses arising from this case.
• Operational Continuity: The decision allows Keppel Ltd. and PT. Kepland to continue their business activities in Jakarta without legal encumbrance related to the disputed land plots.

Details for Investors

On 23 February 2026, Keppel Ltd. provided an update regarding a significant legal matter affecting its wholly-owned Indonesian subsidiary, PT. Kepland Investama. The civil action, initiated by an individual named Tumpal Hutabarat, challenged PT. Kepland’s ownership of certain land plots in Jakarta. The South Jakarta District Court’s decision on 9 February 2026 to declare the lawsuit inadmissible and to order the Claimant to pay court costs is pivotal.

This legal outcome means that there are currently no adverse claims over the Jakarta land plots held by PT. Kepland, strengthening Keppel Ltd.’s asset base in Indonesia. Investors should note this development as it resolves a previously disclosed risk factor and reinforces the company’s position in a key regional market.

The company had kept shareholders informed about the lawsuit since its announcement in March 2025, demonstrating Keppel’s commitment to transparency and corporate governance. The prompt and favourable resolution of this matter underscores the company’s ability to defend its interests in international jurisdictions.

Conclusion

The dismissal of the lawsuit and the favourable court order are positive for Keppel Ltd. Both the removal of legal uncertainty and the avoidance of litigation costs are beneficial to the company’s financial and operational outlook. Investors may consider this as a supportive factor for Keppel Ltd.’s share price and long-term value.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult with a financial advisor before making any investment decisions. The information is based on public disclosures from Keppel Ltd. as of 23 February 2026 and may be subject to further updates.

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