Ho Bee Land 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	100.2	109.56	-259.85	165.88	330.51
Depreciation & Amortization	1.11	1.03	1.24	1	1.05
Gain (Loss) on Sale of Assets	0.56	-37.27	-46.68	-2.8	0.06
Gain (Loss) on Sale of Investments	10.96	-23.47	12.96	-27.29	-37.73
Asset Writedown	-3.42	17.04	364.61	98.75	-53.11
Income (Loss) on Equity Investments	-15.74	-3.83	-2.13	-78.7	-115.53
Change in Accounts Receivable	-21.16	-135.17	0.2	-240.71	-109.39
Change in Accounts Payable	-24.43	138.73	7.76	49.45	15.33
Other Operating Activities	108.77	160.59	189.92	92.2	22.69
Operating Cash Flow	177.11	278.86	319.1	57.09	54.16
Operating Cash Flow Growth	-36.49%	-12.61%	458.93%	5.41%	-50.69%
Acquisition of Real Estate Assets	-14.27	-24.62	-168.41	-41.46	-186.46
Sale of Real Estate Assets	48.83	9.11	114.88	16.59	0.16
Net Sale / Acq. of Real Estate Assets	34.56	-15.51	-53.53	-24.87	-186.3
Cash Acquisition	-	-	-	-1,284	-
Investment in Marketable & Equity Securities	84.58	-8.64	132.21	287.96	143.99
Other Investing Activities	21.04	7.8	125.63	129.65	0.66
Investing Cash Flow	140.18	116.96	204.32	-890.97	-41.65
Long-Term Debt Issued	125.32	525.16	1,211	1,641	398.21
Long-Term Debt Repaid	-247.43	-723.99	-1,673	-433.33	-291.71
Total Debt Repaid	-247.43	-723.99	-1,673	-433.33	-291.71
Net Debt Issued (Repaid)	-122.11	-198.83	-462.35	1,208	106.5
Common Dividends Paid	-26.56	-19.92	-53.12	-66.4	-53.12
Other Financing Activities	-125.49	-166.9	-166.39	-95.31	-48.15
Foreign Exchange Rate Adjustments	2.41	0.28	3.74	-7.99	0.23
Net Cash Flow	45.54	10.44	-154.71	203.97	4.68
Cash Interest Paid	120.85	164.9	165.79	88.76	41.75
Cash Income Tax Paid	36.43	47.37	40.29	29.97	50.76
Levered Free Cash Flow	24.55	140.15	239	-101.03	-0.5
Unlevered Free Cash Flow	101.51	240	343.76	-43.84	25.6
Change in Working Capital	-25.33	55.22	59.02	-191.26	-94.06

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