BHG Retail REIT (SGX:BMGU)

BHG Retail REIT Cash Flow Statement

Financials in millions SGD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-1.82	-2.28	-3.79	6.1	7.51
Depreciation & Amortization	0.13	0.09	0.08	0.1	0.11
Other Amortization	2.23	2.45	2.39	2.42	2.49
Gain (Loss) on Sale of Assets	0.03	0.04	0.04	0.06	0
Asset Writedown	7.24	4.8	5.5	-1.41	0.31
Stock-Based Compensation	-	-	-	-	0.82
Change in Accounts Receivable	-5.91	-7.23	4.06	-5.15	0.2
Change in Accounts Payable	-0.84	0.26	3.71	0.76	-3.96
Change in Other Net Operating Assets	-0.75	0.97	-1.37	-3.72	2.16
Other Operating Activities	15.01	23.35	23.55	21.32	22.69
Operating Cash Flow	15.4	22.6	34.14	20.48	32.35
Operating Cash Flow Growth	-31.87%	-33.81%	66.67%	-36.68%	57.68%
Acquisition of Real Estate Assets	-0.71	-4.86	-9.96	-3.65	-2.74
Net Sale / Acq. of Real Estate Assets	-0.71	-4.86	-9.96	-3.65	-2.74
Other Investing Activities	0.03	0.09	0.12	0.25	0.13
Investing Cash Flow	-0.69	-4.76	-9.84	-3.41	-2.61
Long-Term Debt Issued	10.85	4.68	13.91	16.88	7
Total Debt Issued	10.85	4.68	13.91	16.88	7
Long-Term Debt Repaid	-4.86	-7.08	-6.88	-12.31	-8.25
Total Debt Repaid	-4.86	-7.08	-6.88	-12.31	-8.25
Net Debt Issued (Repaid)	5.99	-2.4	7.03	4.57	-1.25
Common Dividends Paid	-2.44	-1.72	-2.94	-7.11	-10.9
Other Financing Activities	-25.02	-28.46	-21.72	-24.79	-17.39
Foreign Exchange Rate Adjustments	-0.55	-	-	-3.48	2.13
Net Cash Flow	-7.31	-14.75	6.67	-13.73	2.33
Cash Interest Paid	14.65	17.32	16.82	10.54	9.47
Cash Income Tax Paid	4.91	5.21	6.91	6.99	6.7
Levered Free Cash Flow	1.27	8.77	16.02	2.69	21.89
Unlevered Free Cash Flow	9.09	18.39	26.15	10.29	28.38
Change in Working Capital	-7.51	-6.01	6.4	-8.1	-1.6

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