Avarga 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	13.05	23.56	10.93	50.88	73.3
Depreciation & Amortization	13.87	14.79	18.78	19.16	18.83
Loss (Gain) From Sale of Assets	-18.52	-2.6	-0.32	-0.14	0.29
Asset Writedown & Restructuring Costs	19.05	2.57	14.46	6.14	-
Loss (Gain) From Sale of Investments	0.21	0.01	0.92	-	0.28
Loss (Gain) on Equity Investments	-	-	-	-	-0.06
Provision & Write-off of Bad Debts	0.66	1.57	13.93	0.61	1.32
Other Operating Activities	-13.1	8.75	22.5	-35.57	37.8
Change in Accounts Receivable	19.99	-21.49	8.47	30.93	1.31
Change in Inventory	-9.73	0.58	52.29	-7.61	-39.89
Change in Accounts Payable	-15	15.54	-21.82	-9.85	34.97
Change in Other Net Operating Assets	8.58	-	-	-	-
Operating Cash Flow	35.31	48.07	110.1	54.55	128.16
Operating Cash Flow Growth	-26.53%	-56.34%	101.81%	-57.43%	110.39%
Capital Expenditures	-5.23	-4.13	-5.95	-5.94	-3.9
Sale of Property, Plant & Equipment	31.13	0.11	0.32	0.13	0.04
Investment in Securities	-8.13	-	-12.22	0.38	2.32
Other Investing Activities	-	10.15	-	-	0.06
Investing Cash Flow	17.77	6.14	-17.86	-5.42	-1.48
Short-Term Debt Issued	10.22	-	-	-	-
Long-Term Debt Issued	-	0.5	2	11.58	4.77
Total Debt Issued	10.22	0.5	2	11.58	4.77
Short-Term Debt Repaid	-	-	-	-	-7.65
Long-Term Debt Repaid	-16.58	-23.87	-12.14	-47.84	-17.51
Total Debt Repaid	-16.58	-23.87	-12.14	-47.84	-25.16
Net Debt Issued (Repaid)	-6.36	-23.37	-10.14	-36.26	-20.39
Repurchase of Common Stock	-	-	-	-0.01	-9.91
Common Dividends Paid	-109	-	-	-	-7.24
Other Financing Activities	-52.94	-0.78	-9.44	-2.36	-12.23
Financing Cash Flow	-168.3	-24.14	-19.57	-38.62	-57.45
Foreign Exchange Rate Adjustments	-3.27	-1.54	-0.39	1.05	-0.01
Net Cash Flow	-118.48	28.52	72.28	11.56	69.22
Free Cash Flow	30.09	43.94	104.15	48.62	124.26
Free Cash Flow Growth	-31.53%	-57.81%	114.21%	-60.87%	120.54%
Free Cash Flow Margin	1.97%	2.71%	6.16%	2.05%	5.10%
Free Cash Flow Per Share	0.33	0.48	1.15	0.54	1.35
Cash Interest Paid	3.53	6.54	7.61	9.14	9.65
Cash Income Tax Paid	14.31	16.07	14.28	83.98	23.87
Levered Free Cash Flow	38.32	51.84	91.16	56.39	116.13
Unlevered Free Cash Flow	41.81	55.73	95.56	62.17	122.48
Change in Working Capital	3.84	-5.37	38.93	13.47	-3.6

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