SGX:C38U 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	1,582	1,586	1,560	1,442	1,305	745.21
Total Revenue	1,582	1,586	1,560	1,442	1,305	745.21
Revenue Growth (YoY	0.31%	1.69%	8.20%	10.47%	75.13%	-5.28%
Property Expenses	500.91	497.19	500.73	467.05	421.03	267.14
Selling, General & Administrative	38.25	39.65	41.61	26.52	20.22	19.41
Total Operating Expenses	539.16	536.82	542.38	493.83	441.61	286.55
Operating Income	1,043	1,050	1,018	947.91	863.44	458.66
Interest Expense	-312.09	-345.39	-322.08	-242.44	-189.76	-133.43
Interest & Investment Income	21.35	22.08	24.05	15.78	17.03	14.27
Income (Loss) on Equity Investments	66.05	33.76	15.58	42.47	140.2	-14.11
Other Non-Operating Income	-29.44	-10.52	-3.73	-0.54	0.86	-1.26
EBT Excluding Unusual Items	788.73	749.43	731.37	763.18	831.78	324.13
Merger & Restructuring Charges	-	-	-	-	-	-10.83
Gain (Loss) on Sale of Assets	32.79	32.77	-	57.26	-	-
Asset Writedown	153.13	153.13	113.56	-90.44	270.51	-393.62
Other Unusual Items	-	-	34.4	-	-	430
Pretax Income	974.64	935.32	879.33	729.99	1,102	349.68
Income Tax Expense	-2.26	-6.46	10.11	4.11	19.22	-0.06
Earnings From Continuing Operations	976.91	941.78	869.22	725.89	1,083	349.74
Minority Interest in Earnings	-8.48	-8.09	-6.65	-2.52	0.02	0.08
Net Income	968.42	933.68	862.57	723.37	1,083	349.82
Net Income to Common	968.42	933.68	862.57	723.37	1,083	349.82
Net Income Growth	15.34%	8.24%	19.24%	-33.21%	209.61%	-49.81%
Basic Shares Outstanding	7,170	6,865	6,649	6,626	6,482	4,184
Diluted Shares Outstanding	7,185	6,880	6,663	6,640	6,494	4,187
Shares Change (YoY)	7.39%	3.25%	0.36%	2.23%	55.12%	13.51%
EPS (Basic)	0.14	0.14	0.13	0.11	0.17	0.08
EPS (Diluted)	0.13	0.14	0.13	0.11	0.17	0.08
EPS Growth	7.43%	4.87%	18.83%	-34.71%	99.76%	-55.81%
Dividend Per Share	0.111	0.109	0.107	0.106	0.104	0.087
Dividend Growth	1.38%	1.21%	1.61%	1.73%	19.68%	-27.40%
Operating Margin	65.92%	66.16%	65.23%	65.75%	66.16%	61.55%
Profit Margin	61.21%	58.86%	55.30%	50.17%	82.99%	46.94%
EBITDA	1,043	1,050	1,018	952.08	868.31	460.98
EBITDA Margin	65.96%	66.20%	65.28%	66.04%	66.53%	61.86%
D&A For Ebitda	0.6	0.72	0.71	4.17	4.86	2.32
EBIT	1,043	1,050	1,018	947.91	863.44	458.66
EBIT Margin	65.92%	66.16%	65.23%	65.75%	66.16%	61.55%
Effective Tax Rate	-	-	1.15%	0.56%	1.74%	-

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