SGX:ME8U Cash Flow Statement

Financials in millions SGD. Fiscal year is April - March.

Millions SGD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	337.63	345.16	120.51	291.11	439.22	164.5
Depreciation & Amortization	0.04	0.03	0.04	0.06	0.07	0.07
Gain (Loss) on Sale of Assets	-2.97	-	-3.49	-3.76	-2.64	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	15.66
Asset Writedown	13.61	16.63	210.83	110.63	-7.17	87.08
Stock-Based Compensation	6.72	6.61	5.17	5.86	5.63	4.34
Income (Loss) on Equity Investments	-28.93	-30.66	8.71	-67.91	-116.32	-44.8
Change in Accounts Receivable	-0.92	11.78	-8.91	0.66	-7.02	-3.95
Change in Accounts Payable	-10.74	13.95	1.19	10.24	47.12	-14.8
Change in Other Net Operating Assets	0.51	0.51	-4.24	-0.85	47.45	-47.67
Other Operating Activities	122.58	123.65	103.04	102.55	89.68	75.5
Operating Cash Flow	437.52	488.26	432.78	448.06	497.08	236.8
Operating Cash Flow Growth	-17.34%	12.82%	-3.41%	-9.86%	109.92%	-17.46%
Acquisition of Real Estate Assets	-89.27	-238.85	-432.61	-154.98	-1,903	-302.93
Sale of Real Estate Assets	536.64	-	50.19	26.06	122.44	-
Net Sale / Acq. of Real Estate Assets	447.37	-238.85	-382.42	-128.93	-1,780	-302.93
Cash Acquisition	-	-	-	-	-	-266.48
Investment in Marketable & Equity Securities	26.88	31.61	29.29	28.32	25.92	39.95
Other Investing Activities	-	-	-	-	-	2.27
Investing Cash Flow	474.25	-207.24	-353.13	-100.61	-1,755	-527.2
Long-Term Debt Issued	-	400.33	1,339	846.3	2,801	976.1
Long-Term Debt Repaid	-	-227.85	-1,159	-873.66	-2,176	-755.33
Net Debt Issued (Repaid)	-469.2	172.48	180.1	-27.36	624.98	220.77
Issuance of Common Stock	-	-	204.82	-	1,123	409.96
Common Dividends Paid	-381.03	-365.18	-383.72	-234.52	-310.83	-275.83
Other Financing Activities	-84.52	-100.78	-107.53	-88.58	-90.91	-57.22
Foreign Exchange Rate Adjustments	-3.66	0.17	-0.03	-0.03	0.04	-0.25
Net Cash Flow	-26.64	-12.28	-26.71	-3.03	89.17	7.03
Cash Interest Paid	79.59	98.36	101.6	82.85	66.56	48.41
Cash Income Tax Paid	7.7	3.06	8.43	8.73	2.47	0.79
Levered Free Cash Flow	170.02	213.7	158.44	242.04	418.53	13.66
Unlevered Free Cash Flow	260.85	312.48	264.56	312.89	445.32	33.95
Change in Working Capital	-11.15	26.25	-11.96	10.05	87.54	-66.41

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