SGX:N2IU Cash Flow Statement

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

Millions SGD. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	265.65	588.83	582.74	486.2	347.02
Depreciation & Amortization	0.71	0.68	1.07	0.83	0.15
Gain (Loss) on Sale of Assets	12.95	-4.01	-	-	-
Asset Writedown	115.29	-154.02	-141.77	-43.5	-70.29
Stock-Based Compensation	17.93	18	19.94	19.52	15.5
Income (Loss) on Equity Investments	-10.65	-8.85	-6.38	-9.43	-
Change in Accounts Receivable	-4.37	-1.83	-2.49	6.42	4.6
Change in Accounts Payable	-11.54	8.33	3.9	18.61	-9.83
Change in Other Net Operating Assets	-1.04	0.5	-1.63	2.87	-0.12
Other Operating Activities	201.06	186.42	269.2	123.64	76.35
Operating Cash Flow	586	634.03	725.03	605.31	363.63
Operating Cash Flow Growth	-7.58%	-12.55%	19.78%	66.47%	2.30%
Acquisition of Real Estate Assets	-87.6	-57.8	-65.12	-2,298	-18.73
Sale of Real Estate Assets	390.57	762.45	-	0.01	-
Net Sale / Acq. of Real Estate Assets	302.97	704.65	-65.12	-2,298	-18.73
Cash Acquisition	-	-	-	-	-0.45
Other Investing Activities	2.14	6.77	8.82	4.38	0.34
Investing Cash Flow	305.11	711.41	-56.3	-2,293	-18.84
Long-Term Debt Issued	2,585	1,973	1,433	2,291	137.9
Long-Term Debt Repaid	-2,859	-2,634	-1,459	-1,815	-156.8
Net Debt Issued (Repaid)	-274.7	-661.04	-25.87	476.65	-18.9
Issuance of Common Stock	-	-	-	2,041	-
Common Dividends Paid	-427.42	-444.27	-470.16	-500.75	-322.23
Other Financing Activities	-189.72	-216.65	-223.85	-249.87	-72.03
Foreign Exchange Rate Adjustments	-5.03	-0.32	-8.42	-7.7	-
Net Cash Flow	-5.76	23.18	-59.56	71.03	-68.37
Cash Interest Paid	187.41	215.08	215.45	145.79	71.89
Cash Income Tax Paid	20.23	17.74	22.76	24.46	0.01
Levered Free Cash Flow	189.48	308.68	288.95	323.62	193.27
Unlevered Free Cash Flow	300.78	446.45	473.5	441.15	227.06
Change in Working Capital	-16.94	6.98	0.08	28.03	-5.36

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