Tuan Sing Holdings 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	32.14	2.34	4.84	4.59	83.66
Depreciation & Amortization	7.67	6.81	6.3	6.72	9.48
Other Amortization	0.16	2.43	8.11	3.78	12.43
Loss (Gain) From Sale of Assets	-	-18.48	0.01	-0.01	-88.96
Asset Writedown & Restructuring Costs	-51.61	-6.85	-9.86	0.69	3.34
Loss (Gain) From Sale of Investments	-0.11	0.34	1.34	-	0.35
Loss (Gain) on Equity Investments	-27.4	-22.5	-29.33	-29.92	-28.33
Provision & Write-off of Bad Debts	0	0.17	0.01	0.02	1.02
Other Operating Activities	67.6	59.76	60.08	45.83	31.31
Change in Accounts Receivable	36.52	49.9	3.88	-14.88	12.34
Change in Inventory	-1.98	8.02	99.07	29.22	62.65
Change in Accounts Payable	6.38	-2.31	8.11	15.15	-23.89
Change in Unearned Revenue	-	-	-1.32	-2.29	3.89
Change in Other Net Operating Assets	-	-0.31	-7.81	-3.99	-4.19
Operating Cash Flow	69.36	79.31	143.41	54.91	75.09
Operating Cash Flow Growth	-12.55%	-44.70%	161.17%	-26.88%	8.63%
Capital Expenditures	-19.15	-124.94	-6.98	-2.01	-0.94
Sale of Property, Plant & Equipment	-	0.02	1.6	0.03	0
Divestitures	-	11.07	-	-	451.28
Sale (Purchase) of Real Estate	-74.1	-65.77	-45	-73.35	-7.37
Investment in Securities	-	-	0.75	-0.75	-23
Other Investing Activities	28.07	-0.43	-3.68	-2.16	65.72
Investing Cash Flow	-65.18	-180.06	-53.31	-78.24	485.69
Long-Term Debt Issued	79.92	217.4	279.39	23	540.35
Long-Term Debt Repaid	-12.69	-108.01	-324.82	-75.14	-936.75
Net Debt Issued (Repaid)	67.23	109.39	-45.43	-52.14	-396.39
Repurchase of Common Stock	-	-0.07	-0.1	-0.2	-0.28
Common Dividends Paid	-7.44	-7.35	-2.58	-2.48	-1.66
Other Financing Activities	-58.89	-73.82	-74.43	-57.11	31.79
Financing Cash Flow	0.91	28.16	-122.55	-111.93	-366.55
Foreign Exchange Rate Adjustments	-1.23	-3.55	-2.58	-12.48	3.17
Net Cash Flow	3.86	-76.14	-35.02	-147.73	197.41
Free Cash Flow	50.21	-45.63	136.43	52.9	74.15
Free Cash Flow Growth	-	-	157.89%	-28.66%	16.64%
Free Cash Flow Margin	34.39%	-23.70%	44.92%	23.48%	29.81%
Free Cash Flow Per Share	0.04	-0.04	0.11	0.04	0.06
Cash Interest Paid	56.58	63.21	68.6	48.08	42.51
Cash Income Tax Paid	0.97	1.38	1.19	-	-0.05
Levered Free Cash Flow	0.02	-65.02	76.06	10.19	125.03
Unlevered Free Cash Flow	37.6	-22.24	117.39	41.91	143.47
Change in Working Capital	40.91	55.31	101.93	23.21	50.79

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.