Parkson Retail Asia 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	20.88	24.12	25.2	28.76	26.02
Depreciation & Amortization	45.09	44.02	39.1	45.85	56.88
Other Amortization	-	-	-	0.02	0.1
Loss (Gain) From Sale of Assets	-0.66	-0.01	-10.33	-0.01	-13.84
Asset Writedown & Restructuring Costs	0.89	-1.6	0.35	-0.95	43.61
Provision & Write-off of Bad Debts	0.01	-0.02	3.99	-0.09	-0.75
Other Operating Activities	9.62	9.07	23.8	18.96	-105
Change in Accounts Receivable	-1.21	1.49	-4.13	-0.97	1.77
Change in Inventory	3.3	-4.28	-4.33	-2.15	9.15
Change in Accounts Payable	-5.74	1.06	-24.9	11.22	66.64
Change in Other Net Operating Assets	-	2.56	8.85	1.27	-0.48
Operating Cash Flow	72.16	76.42	53.22	99.57	97.82
Operating Cash Flow Growth	-5.58%	43.59%	-46.55%	1.79%	6.37%
Capital Expenditures	-5.37	-7.36	-3.37	-3.84	-9.98
Sale of Property, Plant & Equipment	0.02	0.03	0.01	0.02	13.14
Divestitures	-	-	-0.06	-	-0.62
Other Investing Activities	0.35	0.22	6.31	7.09	5.29
Investing Cash Flow	-5	-7.12	2.9	3.27	7.84
Short-Term Debt Issued	4.2	3.51	3.51	6.75	-
Total Debt Issued	4.2	3.51	3.51	6.75	30.79
Short-Term Debt Repaid	-4.09	-11.41	-11.4	-6.78	-
Long-Term Debt Repaid	-39.33	-34.33	-33.25	-44.2	-
Total Debt Repaid	-43.42	-45.74	-44.65	-50.99	-49.26
Net Debt Issued (Repaid)	-39.22	-42.23	-41.15	-44.23	-18.47
Common Dividends Paid	-26.95	-	-	-	-
Other Financing Activities	-10.69	-11.54	-14.29	-18.28	-17.45
Financing Cash Flow	-76.86	-53.77	-55.43	-62.52	-35.92
Foreign Exchange Rate Adjustments	4.47	6.95	-5.39	-5.05	-1.07
Net Cash Flow	-5.24	22.47	-4.71	35.27	68.67
Free Cash Flow	66.78	69.06	49.85	95.73	87.84
Free Cash Flow Growth	-3.29%	38.53%	-47.93%	8.98%	3.58%
Free Cash Flow Margin	32.06%	32.14%	22.49%	41.45%	61.47%
Free Cash Flow Per Share	0.10	0.10	0.07	0.14	0.13
Cash Interest Paid	10.69	11.68	13.55	16.08	12.57
Cash Income Tax Paid	7.64	13.39	12.26	10.11	0.61
Levered Free Cash Flow	54.84	51.28	21.25	70.69	-
Unlevered Free Cash Flow	61.66	58.58	28.92	79.49	-
Change in Working Capital	-3.66	0.83	-24.51	9.37	77.08

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