FRLOF Income Statement

Financials in millions SGD. Fiscal year is October - September.

Millions SGD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Rental Revenue	471.49	446.67	420.78	450.19	469.33
Total Revenue	471.49	446.67	420.78	450.19	469.33
Revenue Growth (YoY	5.56%	6.15%	-6.53%	-4.08%	41.35%
Property Expenses	168.34	162.29	144.33	143.38	142.29
Selling, General & Administrative	7.99	5.54	6.21	5.61	7.98
Total Operating Expenses	176.33	167.83	150.54	149	150.27
Operating Income	295.15	278.85	270.24	301.19	319.06
Interest Expense	-101.91	-109.57	-88.84	-47.9	-44.88
Interest & Investment Income	20.37	46.54	44.56	7.64	0.05
Currency Exchange Gain (Loss)	0.19	0.12	5.02	2.12	-0.35
Other Non-Operating Income	-2.46	-0.75	-1.14	-0.44	0.6
EBT Excluding Unusual Items	211.35	215.18	229.85	262.62	274.48
Gain (Loss) on Sale of Investments	-	-0.05	-0.2	0.1	0.88
Gain (Loss) on Sale of Assets	0.18	-	17.39	169.69	2.45
Asset Writedown	36.89	-40.75	-358.96	425.59	602.85
Pretax Income	248.41	174.38	-111.92	858.01	880.66
Income Tax Expense	36.01	23.7	-6.58	119.27	140.9
Earnings From Continuing Operations	212.4	150.68	-105.34	738.74	739.76
Minority Interest in Earnings	-7.33	-3.15	2.31	-10.1	-8.65
Net Income	205.07	147.53	-103.03	728.65	731.11
Net Income to Common	205.07	147.53	-103.03	728.65	731.11
Net Income Growth	39.01%	-	-	-0.34%	60.78%
Basic Shares Outstanding	3,768	3,753	3,721	3,691	3,508
Diluted Shares Outstanding	3,791	3,762	3,721	3,712	3,525
Shares Change (YoY)	0.76%	1.12%	0.24%	5.29%	26.44%
EPS (Basic)	0.05	0.04	-0.03	0.20	0.21
EPS (Diluted)	0.05	0.04	-0.03	0.20	0.21
EPS Growth	38.01%	-	-	-5.35%	27.16%
Dividend Per Share	0.059	0.068	0.070	0.076	0.077
Dividend Growth	-12.50%	-3.41%	-7.61%	-0.78%	126.55%
Operating Margin	62.60%	62.43%	64.22%	66.90%	67.98%
Profit Margin	43.49%	33.03%	-24.49%	161.85%	155.78%
EBITDA	295.18	278.9	270.3	301.25	319.14
EBITDA Margin	62.60%	62.44%	64.24%	66.92%	68.00%
D&A For Ebitda	0.02	0.06	0.06	0.06	0.07
EBIT	295.15	278.85	270.24	301.19	319.06
EBIT Margin	62.60%	62.43%	64.22%	66.90%	67.98%
Effective Tax Rate	14.50%	13.59%	-	13.90%	16.00%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.