LHN Limited 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	20.07	47.29	38.21	45.84	28.06
Depreciation & Amortization	17.31	19.53	20.1	20.5	18.85
Other Amortization	1.15	-	-	-	-
Gain (Loss) on Sale of Assets	0.03	-0.07	-0.27	-0.07	-0.24
Gain (Loss) on Sale of Investments	0.34	-	-7.24	-	-
Asset Writedown	18.1	-10.45	7.91	-3.1	11.62
Income (Loss) on Equity Investments	-3.61	-8.94	-2.94	-16.47	-3.67
Change in Accounts Receivable	3.43	-10.49	8.43	-0.72	12.04
Change in Accounts Payable	3.31	-3.91	7.84	-0.62	-10.67
Other Operating Activities	2.12	8.3	2.69	-4.46	0.7
Net Cash from Discontinued Operations	-	-	-18.19	-	-
Operating Cash Flow	68.21	28.41	54.07	41.23	56.91
Operating Cash Flow Growth	140.10%	-47.46%	31.15%	-27.56%	17.20%
Acquisition of Real Estate Assets	-21.3	-122.9	-83.15	-56.15	-62.4
Sale of Real Estate Assets	0.08	0.1	4.88	0.14	0.4
Net Sale / Acq. of Real Estate Assets	-21.23	-122.79	-78.27	-56.01	-62
Investment in Marketable & Equity Securities	0.5	-0.05	15.08	-0.79	-0.65
Other Investing Activities	0.52	1.7	5.21	-2.68	-1.68
Investing Cash Flow	17.55	-99.82	-13.31	-36.35	-44.13
Short-Term Debt Issued	2.95	6.33	1.28	-	-
Long-Term Debt Issued	34.33	154.13	63.16	70.79	49.02
Total Debt Issued	37.28	160.46	64.44	70.79	49.02
Long-Term Debt Repaid	-83.49	-80.08	-66.47	-63.62	-54.29
Net Debt Issued (Repaid)	-46.21	80.39	-2.02	7.17	-5.27
Issuance of Common Stock	-	-	-	5.05	2.09
Common Dividends Paid	-9.26	-9.52	-8.15	-7.14	-7.02
Other Financing Activities	-12.46	-14.61	-9.67	-7.05	-4.9
Foreign Exchange Rate Adjustments	-0.01	-0.11	-0.18	0.04	0
Net Cash Flow	17.82	-15.25	20.75	2.94	-2.33
Cash Interest Paid	10.66	12.02	9.3	4.94	4.79
Cash Income Tax Paid	2.99	3.02	4.06	4.96	4.81
Levered Free Cash Flow	26.55	46.78	-6.3	30.37	31.33
Unlevered Free Cash Flow	33.35	54.17	-0.74	33.19	34.37
Change in Working Capital	12.17	-27.49	13.35	-1.39	1.35

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