ISDN Holdings 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	6.76	8.52	4.95	14.62	25.49
Depreciation & Amortization	7.25	6.55	5.58	4.87	4.78
Other Amortization	0.04	0.03	0.03	0.03	0.03
Loss (Gain) From Sale of Assets	0.01	-0.23	-0.01	-0.02	-2.21
Asset Writedown & Restructuring Costs	0	0.01	0.03	-	0.09
Loss (Gain) From Sale of Investments	-	0.04	-	-	0.7
Loss (Gain) on Equity Investments	0.27	0.62	0.67	-1.16	-1.1
Stock-Based Compensation	-	-	-0.36	-	1.75
Provision & Write-off of Bad Debts	0.14	0.08	1.73	-0.28	1.72
Other Operating Activities	14.65	5.88	6.39	14.33	15.65
Change in Accounts Receivable	16.52	-4.21	-14.41	10.51	-20.11
Change in Inventory	-0.54	4.29	7.36	-5.05	-23.27
Change in Accounts Payable	17.77	7.95	-39.57	-7.21	14.62
Change in Other Net Operating Assets	-42.28	-11.15	3.46	-7.64	-9.48
Operating Cash Flow	20.58	18.38	-24.15	22.99	8.66
Operating Cash Flow Growth	11.94%	-	-	165.47%	-71.68%
Capital Expenditures	-5.83	-7.52	-4.36	-2.28	-6.84
Sale of Property, Plant & Equipment	0.16	0.91	0.04	0.05	5.04
Cash Acquisitions	-1.16	-0.38	-	-	-
Sale (Purchase) of Intangibles	-0.89	-	-	-	-
Investment in Securities	-	-	-	-	0.05
Other Investing Activities	0.07	0.05	0.31	0.23	0.26
Investing Cash Flow	-7.64	-6.94	-4.01	-2.01	-1.49
Short-Term Debt Issued	-	1.48	-	-	5.19
Long-Term Debt Issued	28.4	9.34	57.14	22.11	27.51
Total Debt Issued	28.4	10.82	57.14	22.11	32.7
Short-Term Debt Repaid	-0.41	-	-2.83	-1.56	-
Long-Term Debt Repaid	-24.9	-19.28	-14.8	-29.14	-26.02
Total Debt Repaid	-25.31	-19.28	-17.63	-30.7	-26.02
Net Debt Issued (Repaid)	3.09	-8.46	39.51	-8.59	6.69
Common Dividends Paid	-0.7	-0.54	-1.67	-6.41	-1.26
Other Financing Activities	-3.97	-5.05	-5.02	-11.18	-4.46
Financing Cash Flow	-1.57	-14.05	32.83	-26.18	0.97
Foreign Exchange Rate Adjustments	0.63	-0.52	0.47	0.3	-0.56
Net Cash Flow	11.99	-3.13	5.13	-4.89	7.58
Free Cash Flow	14.75	10.86	-28.51	20.71	1.82
Free Cash Flow Growth	35.83%	-	-	1038.54%	-90.94%
Free Cash Flow Margin	3.35%	2.92%	-8.34%	5.59%	0.41%
Free Cash Flow Per Share	0.03	0.02	-0.06	0.05	0.00
Cash Interest Paid	4.64	5.47	4.39	3.48	1.48
Cash Income Tax Paid	7.4	5.88	9.97	9.53	12.85
Levered Free Cash Flow	70.42	19.05	-36.38	35.25	8.6
Unlevered Free Cash Flow	73.7	22.47	-33.63	37.43	9.52
Change in Working Capital	-8.54	-3.13	-43.16	-9.39	-38.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.