SGX:SHE 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	2.89	3.26	29.38	2.64
Depreciation & Amortization	1.01	0.96	0.96	0.89
Gain (Loss) on Sale of Assets	-0.74	-0.75	-	-
Change in Accounts Receivable	30.88	41.25	-33.81	-3.25
Change in Accounts Payable	14.96	-5.2	4.35	4.92
Change in Other Net Operating Assets	-	-	4.17	-4.17
Other Operating Activities	-1.93	-2.39	6.04	-2.93
Operating Cash Flow	-80.82	-83.89	-53.26	13.82
Acquisition of Real Estate Assets	-6.55	-8.08	-13.07	-2.26
Sale of Real Estate Assets	3	3	-	-
Net Sale / Acq. of Real Estate Assets	-3.55	-5.08	-13.07	-2.26
Other Investing Activities	13.75	7.75	-13.16	-1.35
Investing Cash Flow	10.2	2.67	-26.23	-3.61
Short-Term Debt Issued	-	42.92	105.75	2.96
Long-Term Debt Issued	-	97.46	168.4	33.88
Total Debt Issued	144.38	140.39	274.15	36.84
Short-Term Debt Repaid	-	-36.72	-72.18	-14.02
Long-Term Debt Repaid	-	-11.59	-112.4	-24.59
Total Debt Repaid	-58.26	-48.31	-184.58	-38.62
Net Debt Issued (Repaid)	86.12	92.07	89.57	-1.78
Issuance of Common Stock	0	0	0	-
Other Financing Activities	-9.2	-8.62	-3.84	-2.17
Net Cash Flow	6.31	2.23	6.25	6.27
Cash Interest Paid	9.06	8.55	3.84	2.17
Cash Income Tax Paid	2.28	2.74	-	-0.02
Levered Free Cash Flow	-	-70.59	-97.7	-
Unlevered Free Cash Flow	-	-70.4	-97.67	-
Change in Working Capital	-82.05	-84.96	-89.64	13.23

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