SGX:XZL Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. 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	-27.06	-23.69	-11.14	9.51	-13.81
Depreciation & Amortization	31.53	29.24	28.86	25.29	24.14
Other Amortization	1.56	1.57	0.66	0.43	0.32
Gain (Loss) on Sale of Assets	0.66	-	1.37	0.75	-
Asset Writedown	8.41	11.93	11.18	-17.32	5.74
Stock-Based Compensation	-	-	1.04	3.21	0.41
Change in Accounts Receivable	-0.23	-2.76	1.78	-0.38	-2.56
Change in Accounts Payable	-1.38	-2.05	-0.52	1.58	1.35
Other Operating Activities	19.25	20.9	11.91	14.62	8.16
Operating Cash Flow	32.79	35.24	45.11	37.66	23.88
Operating Cash Flow Growth	-6.95%	-21.90%	19.80%	57.69%	146.97%
Acquisition of Real Estate Assets	-18.81	-20.46	-48.77	-10.11	-9.26
Sale of Real Estate Assets	6.21	37.36	7.88	38.77	-
Net Sale / Acq. of Real Estate Assets	-12.6	16.9	-40.89	28.66	-9.26
Other Investing Activities	0.22	0.04	0.34	0.22	-
Investing Cash Flow	-12.39	16.94	-40.55	28.88	-9.26
Long-Term Debt Issued	-	23	273.8	87	1.03
Total Debt Issued	-	23	273.8	87	1.03
Long-Term Debt Repaid	-0.33	-26.8	-270.91	-99.35	-11.49
Total Debt Repaid	-0.33	-26.8	-270.91	-99.35	-11.49
Net Debt Issued (Repaid)	-0.33	-3.8	2.89	-12.35	-10.46
Common Dividends Paid	-7.43	-15.49	-18.07	-10.14	-
Other Financing Activities	-20.28	-21.36	-19.96	-12.58	-11.76
Net Cash Flow	-7.64	11.52	-30.57	31.47	-7.6
Cash Interest Paid	19.62	21.36	15.41	12.19	11.67
Cash Income Tax Paid	-	-	-	-	-0.8
Levered Free Cash Flow	1.19	3.73	4.73	16.31	5.87
Unlevered Free Cash Flow	12.87	16.43	14.15	23.92	13.16
Change in Working Capital	-1.6	-4.77	1.22	1.22	-1.29

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