Tiong Seng Holdings 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	-33.34	2.86	-12.12	-84.7	-50.2
Depreciation & Amortization	11.22	4.51	4.29	6.66	7.12
Other Amortization	-	0.26	0.09	0.05	0.07
Loss (Gain) From Sale of Assets	-0.42	-0.31	-0.28	-0.92	-2.2
Asset Writedown & Restructuring Costs	-	-2.46	0.79	0.23	0
Loss (Gain) From Sale of Investments	-	-2.05	-	2.62	-
Provision & Write-off of Bad Debts	0.63	0.74	0.21	5.59	0.09
Other Operating Activities	16.02	3.11	20	55.83	55.65
Change in Accounts Receivable	-46.68	-37.89	53.58	-29.39	9.32
Change in Inventory	11.59	5.82	7.43	8.89	24.23
Change in Accounts Payable	8.28	-23.81	-28.04	21.91	-43.37
Change in Other Net Operating Assets	0.02	1.72	2.72	-1.17	-1.72
Operating Cash Flow	-32.69	-47.51	48.67	-14.4	1.67
Operating Cash Flow Growth	-	-	-	-	-95.22%
Capital Expenditures	-3.92	-4.95	-4.52	-8.31	-7.63
Sale of Property, Plant & Equipment	10.95	10.46	1.57	0.24	2.34
Cash Acquisitions	-	-	-	1.96	-
Sale (Purchase) of Intangibles	-0.44	-0.63	-1.54	-0.15	-0.03
Sale (Purchase) of Real Estate	-	-	-	0.94	-
Investment in Securities	-	0.43	0.23	-2.24	-
Other Investing Activities	7.64	3.86	20.94	0.48	0.5
Investing Cash Flow	14.22	9.17	16.67	-7.07	-4.81
Long-Term Debt Issued	67.84	80.78	91.91	49.42	46.31
Long-Term Debt Repaid	-72.74	-112.11	-88.51	-29.68	-25.19
Net Debt Issued (Repaid)	-4.9	-31.33	3.4	19.74	21.12
Issuance of Common Stock	1.92	-	-	-	-
Repurchase of Common Stock	-	-	-	-0.03	-
Common Dividends Paid	-	-	-	-1.1	-1.1
Other Financing Activities	-2.43	-5.36	-5.27	-3.14	-4.58
Financing Cash Flow	-5.42	-36.69	-1.87	15.47	15.44
Foreign Exchange Rate Adjustments	0.59	-1.78	2.03	-2.66	0.75
Net Cash Flow	-23.29	-76.8	65.5	-8.67	13.05
Free Cash Flow	-36.62	-52.45	44.15	-22.71	-5.95
Free Cash Flow Margin	-12.11%	-9.74%	9.26%	-6.37%	-2.02%
Free Cash Flow Per Share	-0.08	-0.11	0.10	-0.05	-0.01
Cash Interest Paid	2.43	5.36	5.83	3.24	1.69
Cash Income Tax Paid	2.7	2.26	0.28	3.33	1.18
Levered Free Cash Flow	-15.23	-59.51	39.57	-35.8	5.57
Unlevered Free Cash Flow	-12.49	-56.05	43.56	-33.12	7.5
Change in Working Capital	-26.8	-54.17	35.69	0.23	-11.53

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