OUE Limited 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	-176.62	-297.28	165.14	347.27	80.94
Depreciation & Amortization	67.75	63.01	60.39	52.31	51.07
Other Amortization	11.63	14.71	11.22	22.21	-
Gain (Loss) on Sale of Assets	11.05	20.52	0.16	0.41	0.2
Gain (Loss) on Sale of Investments	19.08	0.59	-7.2	2.03	-20.51
Asset Writedown	38.34	165.45	-4.68	-109.6	92.84
Income (Loss) on Equity Investments	171.69	176.28	-43.2	-156.96	-231.87
Change in Accounts Receivable	-11.63	12.54	-8.34	23.07	58.48
Change in Accounts Payable	-13.22	-18.2	-2.52	-5.33	-36.65
Change in Other Net Operating Assets	-	-	-	0.88	1.49
Other Operating Activities	88.92	123.38	85.84	20.42	138.38
Operating Cash Flow	207.2	265.74	283.87	196.69	130.84
Operating Cash Flow Growth	-22.03%	-6.39%	44.33%	50.32%	-27.61%
Acquisition of Real Estate Assets	-43.24	-40.16	-55.16	-91.7	-83.49
Sale of Real Estate Assets	0.05	36.52	1.6	0.1	950.74
Net Sale / Acq. of Real Estate Assets	-43.19	-3.64	-53.56	-91.59	867.25
Cash Acquisition	-	-9.58	-	39.85	-
Investment in Marketable & Equity Securities	-25.05	-5.67	-47.48	21.57	-229.55
Other Investing Activities	19.71	17.98	23.2	95.24	76.43
Investing Cash Flow	-26.09	298.46	-77.88	103.01	714.13
Long-Term Debt Issued	719.4	1,560	715	1,755	1,273
Long-Term Debt Repaid	-919.09	-1,323	-811.03	-1,946	-1,923
Net Debt Issued (Repaid)	-199.7	236.65	-96.03	-190.99	-650.21
Repurchase of Common Stock	-5.85	-108.71	-3.94	-51.59	-13.86
Common Dividends Paid	-16.75	-34.44	-22.84	-18.79	-17.53
Other Financing Activities	-237.09	-237.08	-227.51	-188.69	-198.16
Foreign Exchange Rate Adjustments	2.19	-1.39	-2.81	-11.16	2.08
Net Cash Flow	-276.09	419.24	-147.13	-161.51	-32.71
Cash Interest Paid	116.09	129.03	120.31	95.82	86.32
Cash Income Tax Paid	44.81	29.57	24.22	40.46	16.77
Levered Free Cash Flow	87.81	120.61	131.58	173.83	1,358
Unlevered Free Cash Flow	158.17	197.88	202.52	224.96	1,419
Change in Working Capital	-25.31	-0.64	14.51	18.25	19.54

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