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	2020 - 2016
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	2020 - 2016
Net Income	-27.06	-23.69	-11.14	9.51	-13.81	Upgrade
Depreciation & Amortization	31.53	29.24	28.86	25.29	24.14	Upgrade
Other Amortization	1.56	1.57	0.66	0.43	0.32	Upgrade
Gain (Loss) on Sale of Assets	0.66	-	1.37	0.75	-	Upgrade
Asset Writedown	8.41	11.93	11.18	-17.32	5.74	Upgrade
Stock-Based Compensation	-	-	1.04	3.21	0.41	Upgrade
Change in Accounts Receivable	-0.23	-2.76	1.78	-0.38	-2.56	Upgrade
Change in Accounts Payable	-1.38	-2.05	-0.52	1.58	1.35	Upgrade
Other Operating Activities	19.25	20.9	11.91	14.62	8.16	Upgrade
Operating Cash Flow	32.79	35.24	45.11	37.66	23.88	Upgrade
Operating Cash Flow Growth	-6.95%	-21.90%	19.80%	57.69%	146.97%	Upgrade
Acquisition of Real Estate Assets	-18.81	-20.46	-48.77	-10.11	-9.26	Upgrade
Sale of Real Estate Assets	6.21	37.36	7.88	38.77	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-12.6	16.9	-40.89	28.66	-9.26	Upgrade
Other Investing Activities	0.22	0.04	0.34	0.22	-	Upgrade
Investing Cash Flow	-12.39	16.94	-40.55	28.88	-9.26	Upgrade
Long-Term Debt Issued	-	23	273.8	87	1.03	Upgrade
Total Debt Issued	-	23	273.8	87	1.03	Upgrade
Long-Term Debt Repaid	-0.33	-26.8	-270.91	-99.35	-11.49	Upgrade
Total Debt Repaid	-0.33	-26.8	-270.91	-99.35	-11.49	Upgrade
Net Debt Issued (Repaid)	-0.33	-3.8	2.89	-12.35	-10.46	Upgrade
Common Dividends Paid	-7.43	-15.49	-18.07	-10.14	-	Upgrade
Other Financing Activities	-20.28	-21.36	-19.96	-12.58	-11.76	Upgrade
Net Cash Flow	-7.64	11.52	-30.57	31.47	-7.6	Upgrade
Cash Interest Paid	19.62	21.36	15.41	12.19	11.67	Upgrade
Cash Income Tax Paid	-	-	-	-	-0.8	Upgrade
Levered Free Cash Flow	1.19	3.73	4.73	16.31	5.87	Upgrade
Unlevered Free Cash Flow	12.87	16.43	14.15	23.92	13.16	Upgrade
Change in Working Capital	-1.6	-4.77	1.22	1.22	-1.29	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.