Penguin International 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	35.47	35.53	16.74	10.56	12.67
Depreciation & Amortization	20.8	17.94	14.34	11.86	11.47
Other Amortization	-	-	0.48	0.47	0.46
Loss (Gain) From Sale of Assets	-12.15	-4.36	-5.73	-3.58	-3.71
Asset Writedown & Restructuring Costs	0.01	-0.03	-1.71	0.15	0.06
Provision & Write-off of Bad Debts	-0.32	1.97	-	-0.34	0.24
Other Operating Activities	6.32	6.05	4.16	0.8	-0.94
Change in Accounts Receivable	20.3	-14.64	-19.82	5.83	-33.47
Change in Inventory	-34.98	-24.49	-15.95	-32.89	0.12
Change in Accounts Payable	17.65	2.45	-22.53	19.81	-6.91
Change in Unearned Revenue	-13.57	-9.95	35.48	6.67	1.44
Change in Other Net Operating Assets	-9.75	6.26	-14.38	6.07	0.91
Operating Cash Flow	29.78	16.75	-8.92	25.42	-17.64
Operating Cash Flow Growth	77.81%	-	-	-	-
Capital Expenditures	-49.28	-19.88	-19.58	-48.06	-23.86
Sale of Property, Plant & Equipment	33.39	12.85	26.15	14.34	13.26
Investing Cash Flow	-15.89	-7.03	6.57	-33.72	-10.6
Long-Term Debt Issued	21.96	25.26	26.47	11.16	12.24
Long-Term Debt Repaid	-20.07	-20.66	-7.18	-3.77	-3.27
Net Debt Issued (Repaid)	1.88	4.6	19.29	7.39	8.97
Common Dividends Paid	-10.66	-7.53	-4.95	-4.95	-
Other Financing Activities	0.04	-0.59	-4.52	-0.39	2.57
Financing Cash Flow	-8.73	-3.52	9.81	2.05	11.54
Foreign Exchange Rate Adjustments	-0.83	0.43	-0.21	-0.2	0.33
Net Cash Flow	4.34	6.63	7.26	-6.45	-16.37
Free Cash Flow	-19.5	-3.13	-28.5	-22.64	-41.5
Free Cash Flow Margin	-7.30%	-1.33%	-15.44%	-16.74%	-31.29%
Free Cash Flow Per Share	-0.09	-0.01	-0.13	-0.10	-0.19
Cash Interest Paid	2.33	2.66	2.13	0.55	0.44
Cash Income Tax Paid	7.46	2.49	2.41	2.09	2.18
Levered Free Cash Flow	0.4	-7.32	-9.38	-9.03	-22.07
Unlevered Free Cash Flow	1.85	-5.66	-8.06	-8.7	-21.8
Change in Working Capital	-20.35	-40.37	-37.19	5.5	-37.91

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