Singapore Land Group 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	272.27	284.23	270.84	455.12	331.24
Depreciation & Amortization	42.61	45.23	49	44.72	41.76
Gain (Loss) on Sale of Assets	0.63	-21.5	0.84	1.59	0.22
Gain (Loss) on Sale of Investments	0.32	0.4	-0.02	-0.1	-34.45
Asset Writedown	-41.07	-65.75	-109.36	-233.05	-105.24
Stock-Based Compensation	-0.01	0.01	0.03	0.1	0.26
Income (Loss) on Equity Investments	-33.27	-16.24	-1.33	-80.52	-49.09
Change in Accounts Receivable	4.88	-48.77	20.03	12.41	4.53
Change in Accounts Payable	10.32	16.01	28.07	-4.27	-19.69
Change in Other Net Operating Assets	0.73	-0.41	0.13	0.23	-0.34
Other Operating Activities	19.47	22.49	9.33	25.09	-28.1
Operating Cash Flow	279.43	227.74	296.32	258.05	167.46
Operating Cash Flow Growth	22.70%	-23.14%	14.83%	54.10%	-13.68%
Acquisition of Real Estate Assets	-532.22	-161.44	-319.36	-67.27	-62.59
Sale of Real Estate Assets	0.04	0.01	0.11	0.03	0
Net Sale / Acq. of Real Estate Assets	-532.18	-161.43	-319.25	-67.25	-62.59
Investment in Marketable & Equity Securities	-12.35	2.99	-0.6	-1.4	73.74
Other Investing Activities	49.29	22.68	85.93	16.83	-66.32
Investing Cash Flow	-448.36	-12.66	-233.93	-51.81	-55.16
Short-Term Debt Issued	-	-	-	41.11	316.94
Long-Term Debt Issued	261.95	7.95	53.81	9.14	26.61
Total Debt Issued	261.95	7.95	53.81	50.25	343.55
Short-Term Debt Repaid	-	-	-	-151.48	-300.2
Long-Term Debt Repaid	-0.99	-144.2	-10.61	-25.28	-20.02
Total Debt Repaid	-0.99	-144.2	-10.61	-176.76	-320.22
Net Debt Issued (Repaid)	260.96	-136.25	43.21	-126.51	23.33
Issuance of Common Stock	0.48	-	-	-	-
Common Dividends Paid	-64.47	-57.31	-50.14	-50.14	-50.14
Other Financing Activities	-7.22	-64.29	-53.31	-32.22	-81.21
Net Cash Flow	20.82	-42.76	2.14	-2.63	4.28
Cash Interest Paid	21.81	18.55	14.92	12.57	8.81
Cash Income Tax Paid	54.77	37.64	40.87	32.98	56.82
Levered Free Cash Flow	251.92	238.27	84.33	253.81	163.25
Unlevered Free Cash Flow	264.54	248.71	90.72	261.77	167.91
Change in Working Capital	18.49	-21.15	76.99	45.1	10.85

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