CPAMF Cash Flow Statement

Financials in millions SGD. Fiscal year is January - December.

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	937.29	933.68	862.57	723.37	1,083
Depreciation & Amortization	0.58	0.72	0.71	4.17	4.86
Other Amortization	11.19	12.8	6.95	10.11	-15.32
Gain (Loss) on Sale of Assets	-0	-32.77	-	-57.26	-0
Gain (Loss) on Sale of Investments	-0.03	-	-	-	-
Asset Writedown	-68.12	-153.12	-113.43	90.84	-270.49
Stock-Based Compensation	52.81	47.82	45.6	43.98	41.09
Income (Loss) on Equity Investments	-116.75	-33.76	-15.58	-42.47	-140.2
Change in Accounts Receivable	-21.84	-73.34	-12.09	-19.18	-23.63
Change in Accounts Payable	-18.81	42.09	22.55	43.53	-34.51
Change in Other Net Operating Assets	6.51	3.82	14.06	29.32	7.53
Other Operating Activities	313.31	296.02	268.48	196.89	176.72
Operating Cash Flow	1,097	1,044	1,080	1,024	827.53
Operating Cash Flow Growth	5.05%	-3.30%	5.50%	23.69%	117.96%
Acquisition of Real Estate Assets	-319.63	-178.71	-118.6	-127.39	-93.84
Sale of Real Estate Assets	0	672.61	0	331.13	0
Net Sale / Acq. of Real Estate Assets	-319.62	493.9	-118.59	203.74	-93.84
Cash Acquisition	-462.1	-1,079	-	-1,154	-
Investment in Marketable & Equity Securities	86.82	41.83	5.84	8.34	336.46
Other Investing Activities	41.06	23.03	73.87	15.78	13.79
Investing Cash Flow	-653.85	-520.57	-38.88	-926.02	256.4
Long-Term Debt Issued	5,001	3,393	2,602	4,410	1,662
Long-Term Debt Repaid	-4,953	-3,872	-2,697	-3,687	-2,145
Net Debt Issued (Repaid)	47.71	-479.09	-94.51	722.92	-482.84
Issuance of Common Stock	600	1,108	-	-	250
Common Dividends Paid	-750.13	-758.53	-708.18	-684.85	-448.05
Other Financing Activities	-347.59	-377.95	-345.94	-252.33	-221.53
Net Cash Flow	-6.87	15.66	-107.7	-116.74	181.52
Cash Interest Paid	317.12	341.29	329.59	237.41	207.87
Cash Income Tax Paid	5.83	8.63	6.98	9.29	5.46
Levered Free Cash Flow	113.14	485.39	539.61	581.98	414.2
Unlevered Free Cash Flow	298.63	688.46	733.95	723.39	525.08
Change in Working Capital	-34.15	-27.43	24.53	53.67	-50.62

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.