SGX:TS0U Income 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
Rental Revenue	273.61	295.52	285.06	241.51	249.88
Other Revenue	6.4	30.48	16.89	37.11	13.24
Total Revenue	280.01	326.01	301.94	278.62	263.12
Revenue Growth (YoY	-14.11%	7.97%	8.37%	5.89%	-9.89%
Property Expenses	69.51	77.57	67.74	60.35	63.93
Selling, General & Administrative	2.18	0.97	0.96	1	1.3
Total Operating Expenses	71.69	78.54	68.7	65.1	70.23
Operating Income	208.32	247.46	233.24	213.52	192.89
Interest Expense	-87.08	-105.49	-112.77	-77.86	-73.07
Interest & Investment Income	7.44	0.77	0.96	0.99	1.04
Currency Exchange Gain (Loss)	-8.43	-2.35	-0.04	-0.15	0.23
Other Non-Operating Income	-4.52	-7.42	-0.61	28.07	4.96
EBT Excluding Unusual Items	115.73	132.98	120.78	164.56	126.05
Gain (Loss) on Sale of Assets	-3.65	-26.43	-	-	-
Total Insurance Settlements	-	-	-	-	0.2
Asset Writedown	-75.83	-153.57	87.47	134.31	-56.28
Pretax Income	36.25	-47.02	208.26	298.87	69.97
Income Tax Expense	-0.35	11.89	2.48	11.19	14.06
Earnings From Continuing Operations	36.6	-58.91	205.78	287.68	55.91
Minority Interest in Earnings	-8.15	-9.41	-5.67	-12.11	-17.03
Net Income	28.45	-68.32	200.11	275.57	38.88
Preferred Dividends & Other Adjustments	2.2	2.2	2.2	2.2	2.58
Net Income to Common	26.25	-70.52	197.91	273.37	36.29
Net Income Growth	-	-	-27.38%	608.85%	-
Basic Shares Outstanding	5,508	5,492	5,478	5,457	5,436
Diluted Shares Outstanding	5,832	5,492	5,800	5,778	5,811
Shares Change (YoY)	6.19%	-5.31%	0.38%	-0.55%	7.43%
EPS (Basic)	0.00	-0.01	0.04	0.05	0.01
EPS (Diluted)	0.00	-0.01	0.03	0.05	0.01
EPS Growth	-	-	-27.66%	614.23%	-
Dividend Per Share	0.022	0.021	0.021	0.021	0.026
Dividend Growth	8.25%	-1.44%	-1.42%	-18.46%	7.00%
Operating Margin	74.40%	75.91%	77.25%	76.64%	73.31%
Profit Margin	9.38%	-21.63%	65.55%	98.12%	13.79%
EBITDA	208.37	247.53	233.3	217.35	197.97
EBITDA Margin	74.42%	75.93%	77.27%	78.01%	75.24%
D&A For Ebitda	0.05	0.06	0.07	3.83	5.08
EBIT	208.32	247.46	233.24	213.52	192.89
EBIT Margin	74.40%	75.91%	77.25%	76.64%	73.31%
Effective Tax Rate	-	-	1.19%	3.74%	20.10%

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