StarHub Ltd (SGX:CC3)

StarHub Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	294.1	86.4	160.6	149.6	62.2	149.3
Depreciation & Amortization	216.6	206.2	196.7	201.7	221.2	236.4
Other Amortization	40	40	39.2	39.4	45.3	42.6
Loss (Gain) From Sale of Assets	0.2	-0.3	-0.5	-0.2	-0.6	1.2
Loss (Gain) on Equity Investments	-8.4	-7.6	-4.7	-3.6	-4.1	-5.1
Stock-Based Compensation	6	5	6.1	4.3	4.7	3.4
Other Operating Activities	-147.2	53.3	14.3	39.1	36.3	4.7
Change in Accounts Receivable	-88.6	-88.6	-64	-34.9	-44.2	33
Change in Inventory	10.5	10.5	-0.1	9	-4.5	29.9
Change in Accounts Payable	38.5	38.5	27.8	-62.2	84.2	143.7
Change in Unearned Revenue	20.9	20.9	7.6	15.1	23.2	5.7
Change in Other Net Operating Assets	36.1	-9.8	-21.8	1.3	-40	12.3
Operating Cash Flow	361.5	354.5	361.2	358.6	383.7	657.1
Operating Cash Flow Growth	22.88%	-1.85%	0.73%	-6.54%	-41.61%	13.51%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-173.1	-378.5	-199.1	-172.7	-161.5	-172.5
Sale of Property, Plant & Equipment	1	1.3	0.7	0.4	1.9	0.5
Cash Acquisitions	-	-	-	-39.6	-82.7	-6.2
Divestitures	9.8	-	76.6	-	-	-
Investment in Securities	-	-	0.1	-1	-1	-5.3
Other Investing Activities	8.4	12.5	19.8	17.7	8.3	1.6
Investing Cash Flow	-153.9	-364.7	-101.9	-195.2	-235	-286.9

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	-	-	2.6	-
Long-Term Debt Issued	-	1,100	19.8	19.5	29.5	200
Total Debt Issued	903.2	1,100	19.8	19.5	32.1	200
Long-Term Debt Repaid	-	-597.2	-61.9	-59.8	-278.4	-33
Net Debt Issued (Repaid)	2.8	502.8	-42.1	-40.3	-246.3	167
Issuance of Common Stock	199.3	199.3	-	-	-	-
Repurchase of Common Stock	-200	-200	-0.4	-17.6	-7.4	-2.9
Common Dividends Paid	-110.7	-114.6	-131.7	-94.3	-118.7	-94.4
Other Financing Activities	-65.9	-61.5	-48.2	-57.5	-31.2	-21.9
Financing Cash Flow	-174.5	326	-222.4	-209.7	-403.6	47.8

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.6	-0.3	0.4	0.3	0.6	-0.2
Miscellaneous Cash Flow Adjustments	-	-	-	-23.3	-	-
Net Cash Flow	32.5	315.5	37.3	-69.3	-254.3	417.8

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	188.4	-24	162.1	185.9	222.2	484.6
Free Cash Flow Growth	-	-	-12.80%	-16.34%	-54.15%	24.99%
Free Cash Flow Margin	8.59%	-1.02%	6.85%	7.83%	9.55%	23.72%
Free Cash Flow Per Share	0.11	-0.01	0.09	0.11	0.13	0.28
Levered Free Cash Flow	342.94	10.24	20.26	81.3	278.24	299.16
Unlevered Free Cash Flow	371.75	36.36	46.51	105.49	305.05	327.6

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	45.8	39.8	39.1	38.4	43.5	42.6
Cash Income Tax Paid	15.9	9.8	50.6	41.3	60.3	82.9
Change in Working Capital	17.4	-28.5	-50.5	-71.7	18.7	224.6

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 24, 2026

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