Ho Bee Land Cash Flow 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
Net Income	150.58	109.56	-259.85	165.88	330.51	137.07
Depreciation & Amortization	1	1.03	1.24	1	1.05	0.78
Gain (Loss) on Sale of Assets	-37.25	-37.27	-46.68	-2.8	0.06	-
Gain (Loss) on Sale of Investments	-24.45	-23.47	12.96	-27.29	-37.73	0.07
Asset Writedown	-0.3	17.04	364.61	98.75	-53.11	32.79
Income (Loss) on Equity Investments	-8.18	-3.83	-2.13	-78.7	-115.53	-55.44
Change in Accounts Receivable	-121.15	-135.17	0.2	-240.71	-109.39	-57.78
Change in Accounts Payable	127.37	138.73	7.76	49.45	15.33	5.85
Other Operating Activities	128.69	160.59	189.92	92.2	22.69	45.94
Operating Cash Flow	261.16	278.86	319.1	57.09	54.16	109.85
Operating Cash Flow Growth	-22.00%	-12.61%	458.93%	5.41%	-50.69%	-21.58%
Acquisition of Real Estate Assets	-23.58	-24.62	-168.41	-41.46	-186.46	-77.58
Sale of Real Estate Assets	8.94	9.11	114.88	16.59	0.16	0.01
Net Sale / Acq. of Real Estate Assets	-14.64	-15.51	-53.53	-24.87	-186.3	-77.56
Cash Acquisition	-	-	-	-1,284	-	-
Investment in Marketable & Equity Securities	97.71	-8.64	132.21	287.96	143.99	21.95
Other Investing Activities	14.74	7.8	125.63	129.65	0.66	23.93
Investing Cash Flow	231.12	116.96	204.32	-890.97	-41.65	-31.69
Long-Term Debt Issued	-	525.16	1,211	1,641	398.21	182.01
Long-Term Debt Repaid	-	-723.99	-1,673	-433.33	-291.71	-220.43
Total Debt Repaid	-659.69	-723.99	-1,673	-433.33	-291.71	-220.43
Net Debt Issued (Repaid)	-293.06	-198.83	-462.35	1,208	106.5	-38.42
Repurchase of Common Stock	-	-	-	-	-	-2.72
Common Dividends Paid	-26.56	-19.92	-53.12	-66.4	-53.12	-53.22
Other Financing Activities	-146.45	-166.9	-166.39	-95.31	-48.15	-45.13
Foreign Exchange Rate Adjustments	0.79	0.28	3.74	-7.99	0.23	1.99
Net Cash Flow	27.01	10.44	-154.71	203.97	4.68	-72.64
Cash Interest Paid	142.34	164.9	165.79	88.76	41.75	44.98
Cash Income Tax Paid	39.26	47.37	40.29	29.97	50.76	18.7
Levered Free Cash Flow	100.9	146.94	239	-101.03	-0.5	28.47
Unlevered Free Cash Flow	186.79	246.8	343.76	-43.84	25.6	56.59
Change in Working Capital	51.08	55.22	59.02	-191.26	-94.06	-51.93

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