GSH Corporation 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	-17.67	-10.23	-11.19	-18.64	-21.04
Depreciation & Amortization	15.79	15.01	10.6	11.08	11.46
Other Amortization	0.69	0.12	0.7	0.82	2
Loss (Gain) From Sale of Assets	-0.05	0.02	-0.04	0.02	-0
Asset Writedown & Restructuring Costs	15.07	-0.27	-0.49	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-0.78
Provision & Write-off of Bad Debts	1.03	1.41	0.33	0.36	-0.02
Other Operating Activities	18.34	30.67	31.02	22.71	10.74
Change in Accounts Receivable	35.9	-17.33	-43.39	31.3	-118.86
Change in Inventory	-0.04	1.38	3.42	8.28	-8.94
Change in Accounts Payable	-37.06	15.38	2.82	7.23	18.69
Change in Other Net Operating Assets	2.1	-0.51	-10.16	1.87	10.53
Operating Cash Flow	34.1	35.65	-16.39	65.02	-96.23
Operating Cash Flow Growth	-4.35%	-	-	-	-
Capital Expenditures	-4.1	-25.85	-30.55	-25.92	-26.36
Sale of Property, Plant & Equipment	0.07	0.01	0.08	0.02	0.01
Sale (Purchase) of Real Estate	5.3	-	-	-	-
Investment in Securities	-	-	-	-	16
Other Investing Activities	0.28	2	0.92	0.56	-2.81
Investing Cash Flow	1.55	-23.84	-29.56	-25.34	-13.17
Long-Term Debt Issued	327.15	243.83	203.95	379.06	243.05
Long-Term Debt Repaid	-440.12	-257.36	-165.74	-378.2	-163.15
Net Debt Issued (Repaid)	-112.96	-13.53	38.22	0.86	79.9
Issuance of Common Stock	112.18	-	-	-	-
Other Financing Activities	-29.87	5.48	-26.86	-22.04	13.29
Financing Cash Flow	-30.65	-8.05	11.36	-21.17	93.19
Foreign Exchange Rate Adjustments	0.86	0.36	-3.12	0.97	2.23
Net Cash Flow	5.86	4.12	-37.71	19.47	-13.99
Free Cash Flow	30	9.8	-46.95	39.1	-122.6
Free Cash Flow Growth	206.31%	-	-	-	-
Free Cash Flow Margin	23.02%	7.83%	-29.98%	45.42%	-128.00%
Free Cash Flow Per Share	0.01	0.01	-0.02	0.02	-0.06
Cash Interest Paid	28.1	24.44	29.02	21.37	16.01
Cash Income Tax Paid	2.81	1.81	0.85	0.53	2.71
Levered Free Cash Flow	16	-41.01	-28.92	51.51	-132.81
Unlevered Free Cash Flow	32.57	-22.03	-12.84	63.52	-122.49
Change in Working Capital	0.9	-1.08	-47.31	48.68	-98.59

Source: S&P Global Market Intelligence. Standard template. Financial Sources.