Mapletree Pan Asia Commercial Trust (SGX:N2IU)

SGX:N2IU Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	695.59	588.83	582.74	486.2	347.02	68.61
Depreciation & Amortization	0.63	0.68	1.07	0.83	0.15	0.15
Gain (Loss) on Sale of Assets	2.6	-4.01	-	-	-	-
Asset Writedown	-274.35	-154.02	-141.77	-43.5	-70.29	192.42
Stock-Based Compensation	17.93	18	19.94	19.52	15.5	15.4
Income (Loss) on Equity Investments	-12.08	-8.85	-6.38	-9.43	-	-
Change in Accounts Receivable	1.86	-1.83	-2.49	6.42	4.6	-4.76
Change in Accounts Payable	41.76	8.33	3.9	18.61	-9.83	11.22
Change in Other Net Operating Assets	-1.2	0.5	-1.63	2.87	-0.12	-0
Other Operating Activities	157.8	186.42	269.2	123.64	76.35	72.24
Operating Cash Flow	630.48	634.03	725.03	605.31	363.63	355.44
Operating Cash Flow Growth	-1.81%	-12.55%	19.78%	66.47%	2.30%	-3.99%
Acquisition of Real Estate Assets	-89.72	-57.8	-65.12	-2,298	-18.73	-14.42
Sale of Real Estate Assets	73.01	762.45	-	0.01	-	-
Net Sale / Acq. of Real Estate Assets	-16.72	704.65	-65.12	-2,298	-18.73	-14.42
Cash Acquisition	-	-	-	-	-0.45	-
Other Investing Activities	6.51	6.77	8.82	4.38	0.34	0.68
Investing Cash Flow	-10.35	711.41	-56.3	-2,293	-18.84	-13.74
Long-Term Debt Issued	-	1,973	1,433	2,291	137.9	944.1
Long-Term Debt Repaid	-	-2,634	-1,459	-1,815	-156.8	-914.4
Net Debt Issued (Repaid)	16.07	-661.04	-25.87	476.65	-18.9	29.7
Issuance of Common Stock	-	-	-	2,041	-	-
Common Dividends Paid	-422.79	-444.27	-470.16	-500.75	-322.23	-168.29
Other Financing Activities	-225.54	-216.65	-223.85	-249.87	-72.03	-76.42
Foreign Exchange Rate Adjustments	-3.9	-0.32	-8.42	-7.7	-	-
Net Cash Flow	-16.03	23.18	-59.56	71.03	-68.37	126.69
Cash Interest Paid	218.35	215.08	215.45	145.79	71.89	74.38
Cash Income Tax Paid	16.59	17.74	22.76	24.46	0.01	4
Levered Free Cash Flow	212.71	304.97	334.7	323.62	193.27	189.49
Unlevered Free Cash Flow	338.57	442.75	477.2	441.15	227.06	226.45
Change in Working Capital	42.41	6.98	0.08	28.03	-5.36	6.45

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