Bund Center Investment Income Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	82.13	84.41	83.89	67.61	83.23	68.8
Total Revenue	82.13	84.41	83.89	67.61	83.23	68.8
Revenue Growth (YoY	-4.04%	0.61%	24.08%	-18.77%	20.98%	-37.65%
Property Expenses	47.15	47.91	47.97	43.21	51.08	44.03
Selling, General & Administrative	23.3	23.23	22.86	18.7	21.23	18.05
Other Operating Expenses	-2.93	-5.32	-4.36	-4.62	-5.59	-0.42
Total Operating Expenses	67.51	65.82	67.93	57.29	66.72	61.67
Operating Income	14.61	18.59	15.96	10.32	16.51	7.13
Interest Expense	-0.02	-0.02	-0.01	-	-0	-0.01
Interest & Investment Income	5.17	5.81	4.68	5.43	5.37	4.83
Currency Exchange Gain (Loss)	-1.46	-1.46	0.17	-2.37	-0.79	4.1
EBT Excluding Unusual Items	18.3	22.92	20.8	13.38	21.1	16.05
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.02
Gain (Loss) on Sale of Assets	-	-	0.35	-	-	-
Asset Writedown	-0.19	-0.19	-0.12	-0.05	-0.43	-0.01
Pretax Income	18.09	22.7	21	13.31	20.66	16.02
Income Tax Expense	8.12	8.68	9.5	10.47	8.88	6.44
Earnings From Continuing Operations	9.97	14.02	11.5	2.83	11.79	9.58
Minority Interest in Earnings	-0.43	-0.46	-0.4	-0.26	-0.26	0
Net Income	9.54	13.57	11.1	2.58	11.53	9.59
Net Income to Common	9.54	13.57	11.1	2.58	11.53	9.59
Net Income Growth	-21.05%	22.24%	330.95%	-77.66%	20.25%	-65.22%
Basic Shares Outstanding	759	759	759	759	759	759
Diluted Shares Outstanding	759	759	759	759	759	759
EPS (Basic)	0.01	0.02	0.01	0.00	0.02	0.01
EPS (Diluted)	0.01	0.02	0.01	0.00	0.02	0.01
EPS Growth	-21.06%	22.24%	331.03%	-77.66%	20.25%	-65.23%
Dividend Per Share	0.036	0.014	0.028	0.035	0.030	0.020
Dividend Growth	157.14%	-50.00%	-20.00%	16.67%	50.00%	100.00%
Operating Margin	17.79%	22.02%	19.02%	15.26%	19.84%	10.37%
Profit Margin	11.62%	16.07%	13.23%	3.81%	13.85%	13.93%
EBITDA	35.27	39.02	36.45	32.11	38.43	28.03
EBITDA Margin	42.94%	46.23%	43.45%	47.49%	46.17%	40.74%
D&A For Ebitda	20.65	20.43	20.49	21.79	21.91	20.9
EBIT	14.61	18.59	15.96	10.32	16.51	7.13
EBIT Margin	17.79%	22.02%	19.02%	15.26%	19.84%	10.37%
Effective Tax Rate	44.89%	38.24%	45.26%	78.70%	42.97%	40.20%

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