SGX:TS0U 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	28.45	-68.32	200.11	275.57	38.88
Depreciation & Amortization	0.05	0.06	0.07	3.83	5.08
Other Amortization	5.37	9.08	5.67	14.74	10.34
Gain (Loss) on Sale of Assets	3.65	26.43	-	0	0.01
Asset Writedown	75.83	153.57	-87.47	-134.31	56.29
Stock-Based Compensation	7.74	1.98	6.18	7.88	9.12
Income (Loss) on Equity Investments	-6.4	-30.48	-16.89	-37.11	-13.24
Change in Accounts Receivable	1.14	1.59	-1.14	0.94	-3.09
Change in Accounts Payable	-10.35	-7.27	4	0.12	-12.5
Other Operating Activities	64.8	113.53	103.03	51.76	77.03
Operating Cash Flow	170.33	200.58	213.39	183.53	166.8
Operating Cash Flow Growth	-15.08%	-6.00%	16.27%	10.03%	-28.83%
Acquisition of Real Estate Assets	-14.07	-25.83	-10.61	-47.81	-56.9
Sale of Real Estate Assets	-	-	-	-	950.64
Net Sale / Acq. of Real Estate Assets	-14.07	-25.83	-10.61	-47.81	893.74
Investment in Marketable & Equity Securities	34.29	-2.41	-	15.65	-
Other Investing Activities	20.29	11.83	12.07	1.31	8.79
Investing Cash Flow	40.5	283.05	1.46	-30.85	902.52
Long-Term Debt Issued	532	1,120	446.88	1,383	914.97
Long-Term Debt Repaid	-793.52	-1,074	-445.89	-1,322	-1,631
Net Debt Issued (Repaid)	-261.52	45.34	0.99	61.02	-716.06
Preferred Share Repurchases	-	-	-	-	-155
Common Dividends Paid	-116.18	-108.21	-114.43	-133.62	-144.51
Preferred Dividends Paid	-2.2	-2.2	-2.2	-2.2	-3.36
Total Dividends Paid	-118.38	-110.41	-116.63	-135.82	-147.87
Other Financing Activities	-89.16	-110.61	-93.3	-84.31	-81.72
Foreign Exchange Rate Adjustments	-0.13	-0.49	-1.16	-3.63	2.37
Net Cash Flow	-258.35	307.45	4.74	-10.07	-28.96
Cash Interest Paid	80.78	93.29	85.3	65.29	66.49
Cash Income Tax Paid	28.39	11.75	11.25	11.62	15.75
Levered Free Cash Flow	60.42	101.52	101.1	106.79	1,346
Unlevered Free Cash Flow	109.47	158.37	165.91	140.72	1,382
Change in Working Capital	-9.21	-5.68	2.86	1.07	-15.59

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