Overseas Education Cash Flow Statement

Financials in millions SGD. Fiscal year is January - December.

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	2.19	6.27	6.73	5.28	6.33	10.3
Depreciation & Amortization	14.2	14.07	13.73	13.51	13.5	13.45
Other Amortization	0.38	0.39	0.36	0.36	0.38	0.43
Loss (Gain) From Sale of Assets	-0	-0.01	-0.01	0.01	0.01	-0.01
Asset Writedown & Restructuring Costs	0.06	0.06	0.01	-	-	-
Other Operating Activities	4.43	3.89	6.04	0.09	0.43	3.6
Change in Accounts Receivable	-0.09	-0.07	-0.28	0.1	0.08	0.27
Change in Inventory	0	-0.05	0.02	-0.03	-0.03	0.01
Change in Accounts Payable	-0.77	-3.72	0.66	9.96	-1.41	-3.04
Change in Other Net Operating Assets	-0.07	-0.3	-0.46	1.72	-1.79	-0.02
Operating Cash Flow	20.32	20.52	26.8	31	17.52	24.98
Operating Cash Flow Growth	-23.24%	-23.43%	-13.56%	76.99%	-29.89%	-13.62%
Capital Expenditures	-1.22	-1.28	-1.64	-0.46	-0.72	-0.94
Sale of Property, Plant & Equipment	0.05	0.02	0.03	0.01	0.04	0.04
Sale (Purchase) of Intangibles	-0.49	-0.38	-0.41	-0.37	-0.39	-0.39
Investing Cash Flow	-1.65	-1.63	-2.01	-0.82	-1.08	-1.29
Long-Term Debt Repaid	-	-11.3	-10.57	-10.11	-10.02	-9.96
Net Debt Issued (Repaid)	-11.5	-11.3	-10.57	-10.11	-10.02	-9.96
Common Dividends Paid	-4.98	-5.4	-4.57	-5.4	-9.55	-11.42
Other Financing Activities	-3.91	-4.22	-4.32	-2.74	-2.62	-3.63
Financing Cash Flow	-20.39	-20.92	-19.46	-18.25	-22.19	-25.01
Net Cash Flow	-1.73	-2.03	5.33	11.93	-5.76	-1.32
Free Cash Flow	19.1	19.24	25.16	30.54	16.79	24.04
Free Cash Flow Growth	-23.72%	-23.53%	-17.62%	81.85%	-30.15%	-13.11%
Free Cash Flow Margin	22.34%	21.91%	28.80%	40.04%	22.53%	30.46%
Free Cash Flow Per Share	0.05	0.05	0.06	0.07	0.04	0.06
Cash Interest Paid	3.88	4.22	4.32	2.74	2.11	3.75
Cash Income Tax Paid	2.86	3.04	2.38	2.32	3.34	2.07
Levered Free Cash Flow	13.41	13.46	18.44	28.91	10.97	16.4
Unlevered Free Cash Flow	16.93	16.38	22	29.36	12.29	18.29
Change in Working Capital	-0.93	-4.14	-0.05	11.76	-3.15	-2.77

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