FRLOF Cash Flow 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
Net Income	205.07	147.53	-103.03	728.65	731.11
Depreciation & Amortization	0.02	0.06	0.06	0.06	0.07
Other Amortization	2.4	2.39	1.92	3.23	3.53
Gain (Loss) on Sale of Assets	-0.18	-	-17.39	-169.68	-2.45
Gain (Loss) on Sale of Investments	-	0.05	0.2	-	-
Asset Writedown	-36.89	40.75	358.96	-425.59	-602.85
Stock-Based Compensation	25.53	18.67	38.55	33.74	27.8
Change in Accounts Receivable	-2.05	2.06	6.79	-20.91	-6.39
Change in Accounts Payable	4.94	26.64	-0.58	6.17	-0.65
Other Operating Activities	103.41	73.23	16.45	151.39	151.97
Operating Cash Flow	302.26	311.37	302.26	306.95	301.82
Operating Cash Flow Growth	-2.93%	3.02%	-1.53%	1.70%	40.47%
Acquisition of Real Estate Assets	-197.75	-96.56	-161.27	-279.74	-353.84
Sale of Real Estate Assets	160.73	5.74	31.23	803.25	175.68
Net Sale / Acq. of Real Estate Assets	-37.03	-90.82	-130.04	523.51	-178.16
Cash Acquisition	-	-174.79	-	-	-147.25
Other Investing Activities	1.08	1.95	1.73	0.7	0.04
Investing Cash Flow	-35.94	-263.66	-128.31	524.21	-325.36
Long-Term Debt Issued	1,149	895.74	418.93	51.39	858.56
Total Debt Issued	1,149	895.74	418.93	51.39	858.56
Long-Term Debt Repaid	-958.86	-632.16	-341.85	-512.97	-854.97
Net Debt Issued (Repaid)	190.45	263.58	77.07	-461.58	3.59
Issuance of Common Stock	-	-	-	-	335.76
Common Dividends Paid	-237.99	-262.58	-270.99	-236.84	-291.28
Other Financing Activities	-56.68	-68.37	-49.18	-39.27	-52.86
Foreign Exchange Rate Adjustments	3.44	0.5	1.15	-13.11	0.05
Net Cash Flow	165.53	-19.17	-67.99	80.36	-28.29
Cash Interest Paid	80.1	62.69	44.69	38.52	41.6
Cash Income Tax Paid	20.09	25.47	25.68	26.74	31.14
Levered Free Cash Flow	169.08	162.62	157.31	138.16	359.97
Unlevered Free Cash Flow	230.37	228.71	210.91	164.87	384.5
Change in Working Capital	2.89	28.69	6.21	-14.74	-7.04

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