Cash flow Singapore Exchange Limited

Equities

S68

SG1J26887955

Financial & Commodity Market Operators

Market Closed - Singapore S.E. Other stock markets 09:13:36 13/02/2026 GMT			5-day change	1st Jan Change
18.13 ^SGD	-2.32%		+3.19%	+6.90%

02-10	Singapore Shares End Marginally Higher as MTI Lifts 2026 GDP Forecast; AsiaPhos Surges 13%	MT
02-10	Singapore Exchange says turnover value in stock market increased 66% year-on-year in Jan	RE

0e05ac3ada3bbebb21844a4243763476.f1PfQ6sD0rubh1MAy-QK47-XQSN_GyuWkJArvPG70X0.PTKlF85muMj4wDZ0oaEzmvvdEHBLTUPP6t1k1snIgA8da5sP4GWB7bbqMA

Published financial data: SINGAPORE EXCHANGE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	1.06B	1.1B	1.19B	1.23B	1.37B
Total Revenues	1.06B	1.1B	1.19B	1.23B	1.37B
Cost of Goods Sold, Total	62.94M	69.22M	73.12M	69.65M	72.46M
Gross Profit	993M	1.03B	1.12B	1.16B	1.3B
Selling General & Admin Expenses, Total	352M	366M	401M	420M	432M
Depreciation & Amortization - (IS)	94.52M	96.66M	98.32M	95.85M	84.92M
Other Operating Expenses	22.93M	28.14M	31.39M	39.25M	38.72M
Other Operating Expenses, Total	469M	491M	531M	555M	555M
Operating Income	524M	539M	590M	607M	743M
Interest Expense, Total	-4.78M	-7.38M	-7.25M	-10.32M	-17.34M
Interest And Investment Income	5.96M	4.21M	28.1M	37.18M	37.13M
Net Interest Expenses	1.18M	-3.18M	20.84M	26.87M	19.79M
Income (Loss) On Equity Invest.	-4.29M	-10.53M	-15.56M	-14.47M	-16.7M
Currency Exchange Gains (Loss)	-830K	8.6M	-1.39M	409K	-8.96M
Other Non Operating Income (Expenses)	4.66M	2.02M	35.67M	93.07M	42.69M
EBT, Excl. Unusual Items	525M	536M	630M	713M	780M
Gain (Loss) On Sale Of Investments	14.61M	5.29M	41.46M	17.19M	13.79M
Gain (Loss) On Sale Of Assets	-	-	-708K	-828K	-123K
Asset Writedown	-25K	-1.83M	-11.63M	-20.44M	-7.57M
Other Unusual Items	-2.7M	4.94M	14.88M	-	-
EBT, Incl. Unusual Items	536M	545M	674M	709M	786M
Income Tax Expense	90.7M	92.69M	103M	111M	138M
Earnings From Continuing Operations	446M	452M	571M	598M	648M
Net Income to Company	446M	452M	571M	598M	648M
Minority Interest	-371K	-503K	330K	329K	-144K
Net Income - (IS)	445M	451M	571M	598M	648M
Net Income to Common Incl Extra Items	445M	451M	571M	598M	648M
Net Income to Common Excl. Extra Items	445M	451M	571M	598M	648M
Per Share Items
Net EPS - Basic	0.42	0.42	0.53	0.56	0.61
Basic EPS - Continuing Operations	0.42	0.42	0.53	0.56	0.61
Basic Weighted Average Shares Outstanding	1.07B	1.07B	1.07B	1.07B	1.07B
Net EPS - Diluted	0.41	0.41	0.52	0.55	0.6
Diluted EPS - Continuing Operations	0.41	0.41	0.52	0.55	0.6
Diluted Weighted Average Shares Outstanding	1.09B	1.1B	1.11B	1.1B	1.08B
Normalized Basic EPS	0.31	0.31	0.37	0.42	0.46
Normalized Diluted EPS	0.3	0.3	0.36	0.41	0.45
Dividend Per Share	0.32	0.32	0.32	0.34	0.38
Payout Ratio	76.89	75.82	60.28	61.03	59.47
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	554M	570M	622M	635M	767M
EBITA	540M	556M	608M	620M	751M
EBIT	524M	539M	590M	607M	743M
EBITDAR	563M	580M	631M	645M	777M
Total Revenues (As Reported)	1.06B	1.1B	1.19B	1.23B	1.37B
Effective Tax Rate - (Ratio)	16.91	17.02	15.32	15.72	17.53
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	99.47M	98.52M	113M	119M	141M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-8.77M	-5.83M	-9.29M	-7.81M	-2.94M
Normalized Net Income	328M	335M	394M	446M	487M
Interest on Long-Term Debt	2.84M	6.97M	7.16M	10.32M	17.34M
Supplemental Operating Expense Items
Marketing Expenses	7.6M	7.66M	8.94M	9.32M	9.12M
Selling and Marketing Expenses	7.6M	7.66M	8.94M	9.32M	9.12M
General and Administrative Expenses	91.37M	97.13M	106M	108M	111M
Research And Development Expense From Footnotes	145M	153M	160M	165M	158M
Net Rental Expense, Total	9.66M	10M	9.8M	10.38M	10.26M
Imputed Operating Lease Interest Expense	792K	889K	750K	1.18M	2.01M
Imputed Operating Lease Depreciation	8.86M	9.11M	9.05M	9.2M	8.25M
Stock-Based Comp., SG&A Exp. (Total)	17.54M	14.65M	17.78M	20.63M	17.39M
Stock-Based Comp., Other (Total)	345K	326K	94K	348K	348K
Total Stock-Based Compensation	17.88M	14.98M	17.87M	20.98M	17.74M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.06B	998M	1.03B	998M	1.13B
Short Term Investments	41.62M	95.17M	40.14M	137M	379M
Total Cash And Short Term Investments	1.1B	1.09B	1.07B	1.13B	1.51B
Accounts Receivable, Total	714M	1.03B	1.06B	1.06B	882M
Other Receivables	4.44M	5.66M	11.68M	10.37M	3.81M
Total Receivables	719M	1.03B	1.07B	1.07B	885M
Prepaid Expenses	29.3M	28.95M	36.42M	33.18M	31.63M
Other Current Assets, Total	320K	24K	1.01M	7.36M	23.34M
Total Current Assets	1.85B	2.15B	2.18B	2.25B	2.45B
Gross Property Plant And Equipment	216M	187M	189M	226M	202M
Accumulated Depreciation	-96.71M	-102M	-114M	-87.38M	-74.93M
Net Property Plant And Equipment	120M	85.17M	75.11M	138M	127M
Long-term Investments	197M	591M	565M	682M	679M
Goodwill	541M	708M	703M	700M	685M
Other Intangibles, Total	288M	284M	243M	204M	191M
Loans Receivable Long-Term	-	9.04M	-	-	-
Other Long-Term Assets, Total	26.49M	18.17M	15.34M	13.48M	13.62M
Total Assets	3.02B	3.85B	3.78B	3.98B	4.14B
Liabilities
Accounts Payable, Total	655M	999M	934M	867M	772M
Accrued Expenses, Total	156M	181M	182M	197M	231M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	41.86M	352M	-	-
Current Portion of Leases	20.37M	22.14M	20.47M	20.1M	19.75M
Current Income Taxes Payable	99.63M	99.94M	113M	115M	132M
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	75.12M	97.82M	36.94M	39.83M	56.3M
Total Current Liabilities	1.01B	1.44B	1.64B	1.24B	1.21B
Long-Term Debt	468M	694M	340M	643M	623M
Long-Term Leases	51.06M	30.94M	14.83M	64.83M	45.45M
Unearned Revenue Non Current	-	14.63M	14.7M	14.62M	14.79M
Deferred Tax Liability Non Current	66.46M	79.47M	55.05M	53.63M	50.39M
Other Non Current Liabilities	41.39M	37.58M	14.77M	9.15M	-
Total Liabilities	1.63B	2.3B	2.08B	2.02B	1.94B
Common Stock, Total	430M	427M	423M	420M	419M
Retained Earnings	846M	955M	1.18B	1.41B	1.64B
Treasury Stock	-25.19M	-34.64M	-32.45M	-27.66M	-33.39M
Comprehensive Income and Other	134M	196M	130M	152M	177M
Total Common Equity	1.38B	1.54B	1.7B	1.96B	2.2B
Minority Interest	4.86M	5.06M	2.71M	1.33M	-
Total Equity	1.39B	1.55B	1.7B	1.96B	2.2B
Total Liabilities And Equity	3.02B	3.85B	3.78B	3.98B	4.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.07B	1.07B	1.07B	1.07B	1.07B
ECS Total Common Shares Outstanding	1.07B	1.07B	1.07B	1.07B	1.07B
Book Value / Share	1.3	1.45	1.59	1.83	2.06
Tangible Book Value	555M	552M	755M	1.06B	1.32B
Tangible Book Value Per Share	0.52	0.52	0.71	0.99	1.24
Total Debt	539M	789M	727M	728M	688M
Net Debt	-562M	-304M	-346M	-407M	-821M
Debt Equivalent Oper. Leases	77.25M	79.98M	78.41M	83.04M	82.04M
Minority Interest, Total (Incl. Fin. Div)	4.86M	5.06M	2.71M	1.33M	-
Equity Method Investments, Total	50.53M	58.09M	48.37M	50.6M	31.6M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	6.11M	-	-	-	-
Buildings, Total	6.08M	-	-	-	-
Machinery, Total	85.11M	83.12M	91.77M	98.61M	92.75M
Full Time Employees	970	1.06K	1.12K	1.17K	1.14K
Accumulated Allowance for Doubtful Accounts (Supple)	1.93M	5.18M	6.18M	3.66M	5.71M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	445M	451M	571M	598M	648M
Depreciation & Amortization - CF	34.46M	34.99M	35.95M	38.29M	35.59M
Amortization of Goodwill and Intangible Assets - (CF)	15.76M	16.9M	17.76M	13.25M	8.34M
Depreciation & Amortization, Total	50.23M	51.89M	53.71M	51.54M	43.94M
Amortization of Deferred Charges, Total - (CF)	44.3M	44.77M	44.62M	44.31M	40.98M
(Gain) Loss From Sale Of Asset	-	-	708K	828K	123K
(Gain) Loss on Sale of Investments - (CF)	-16.77M	-5.29M	-41.46M	-102M	-53.34M
Asset Writedown & Restructuring Costs	25K	1.83M	11.52M	20.44M	4.44M
Stock-Based Compensation (CF)	17.88M	14.98M	17.87M	20.98M	17.74M
Other Operating Activities, Total	-15.19M	7.81M	-49.46M	-19.26M	12.13M
Change In Accounts Receivable	12.64M	-311M	-33.89M	-2.87M	172M
Change In Accounts Payable	22.18M	346M	-118M	-49.9M	-36.27M
Change in Other Net Operating Assets	-7.75M	-18.93M	-10.28M	53.49M	-8.28M
Cash from Operations	553M	584M	447M	616M	842M
Capital Expenditure	-45.28M	-44.15M	-54.3M	-64.57M	-68.11M
Sale of Property, Plant, and Equipment	-	31.06M	-	-	20K
Cash Acquisitions	-161M	-167M	-	-	-10.33M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-3.04M	-367M	38.46M	-109M	-225M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-9.04M	9.04M	-	-
Other Investing Activities, Total	11.24M	6.1M	19.15M	35.44M	37.69M
Cash from Investing	-198M	-550M	12.34M	-138M	-266M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	882M	417M	-	299M	-
Total Debt Issued	882M	417M	-	299M	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-731M	-153M	-65.67M	-375M	-23.22M
Total Debt Repaid	-731M	-153M	-65.67M	-375M	-23.22M
Repurchase of Common Stock	-15.93M	-27.72M	-18.61M	-14.64M	-26.33M
Common Dividends Paid	-342M	-342M	-344M	-365M	-385M
Common & Preferred Stock Dividends Paid	-342M	-342M	-344M	-365M	-385M
Other Financing Activities, Total	-2.13M	-2.34M	-4.45M	-4.17M	-14.46M
Cash from Financing	-210M	-109M	-433M	-460M	-449M
Foreign Exchange Rate Adjustments	1.88M	-6.32M	-1M	205K	-2.82M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	147M	-81.21M	25.15M	18.42M	124M
Supplemental Items
Cash Interest Paid	2.13M	2.34M	4.45M	4.17M	14.46M
Cash Income Tax Paid (Refund)	109M	99.09M	98.91M	112M	122M
Levered Free Cash Flow	455M	481M	268M	377M	632M
Unlevered Free Cash Flow	458M	486M	272M	383M	643M
Change In Net Working Capital	-63.12M	-80.99M	159M	48.49M	-144M
Net Debt Issued / Repaid	151M	264M	-65.67M	-75.95M	-23.22M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	11.48	9.81	9.67	9.77	11.42
Return on Total Capital	18.34	15.8	15.47	14.82	16.65
Return On Equity %	33.78	30.75	35.08	32.61	31.15
Return on Common Equity	33.87	30.82	35.18	32.67	31.15
Margin Analysis
Gross Profit Margin %	94.04	93.7	93.88	94.35	94.71
SG&A Margin	33.3	33.28	33.6	34.08	31.49
EBITDA Margin %	52.42	51.85	52.04	51.53	55.92
EBITA Margin %	51.1	50.61	50.9	50.38	54.82
EBIT Margin %	49.61	49.07	49.42	49.3	54.21
Income From Continuing Operations Margin %	42.22	41.12	47.77	48.52	47.29
Net Income Margin %	42.18	41.07	47.8	48.54	47.28
Net Avail. For Common Margin %	42.18	41.07	47.8	48.54	47.28
Normalized Net Income Margin	31.01	30.45	32.98	36.21	35.55
Levered Free Cash Flow Margin	43.06	43.76	22.42	30.6	46.14
Unlevered Free Cash Flow Margin	43.34	44.18	22.8	31.12	46.93
Asset Turnover
Asset Turnover	0.37	0.32	0.31	0.32	0.34
Fixed Assets Turnover	8.2	10.74	14.9	11.54	10.33
Receivables Turnover (Average Receivables)	1.46	1.26	1.15	1.16	1.41
Short Term Liquidity
Current Ratio	1.84	1.49	1.33	1.81	2.02
Quick Ratio	1.81	1.47	1.31	1.78	1.98
Operating Cash Flow to Current Liabilities	0.55	0.4	0.27	0.5	0.7
Days Sales Outstanding (Average Receivables)	249.17	288.85	318.15	314.76	258.72
Average Days Payable Outstanding	3.76K	4.36K	4.83K	4.73K	4.13K
Long Term Solvency
Total Debt/Equity	38.8	50.91	42.69	37.12	31.28
Total Debt / Total Capital	27.95	33.74	29.92	27.07	23.83
LT Debt/Equity	37.33	46.78	20.83	36.1	30.38
Long-Term Debt / Total Capital	26.9	31	14.6	26.32	23.14
Total Liabilities / Total Assets	54.02	59.74	54.95	50.79	46.91
EBIT / Interest Expense	109.55	73.03	81.4	58.87	42.85
EBITDA / Interest Expense	120.06	80.06	88.81	63.86	45.39
(EBITDA - Capex) / Interest Expense	110.59	74.08	81.32	57.6	41.46
Total Debt / EBITDA	0.94	1.33	1.13	1.11	0.87
Net Debt / EBITDA	-0.98	-0.51	-0.54	-0.62	-1.04
Total Debt / (EBITDA - Capex)	1.02	1.44	1.23	1.23	0.96
Net Debt / (EBITDA - Capex)	-1.06	-0.56	-0.59	-0.68	-1.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.31	4.08	8.68	3.12	11.28
Gross Profit, 1 Yr. Growth %	-0.6	3.71	8.88	3.63	11.72
EBITDA, 1 Yr. Growth %	-5.87	2.95	9.07	2.11	20.77
EBITA, 1 Yr. Growth %	-5.03	3.07	9.32	2.05	21.09
EBIT, 1 Yr. Growth %	-6.9	2.94	9.45	2.87	22.36
Earnings From Cont. Operations, 1 Yr. Growth %	-5.55	1.37	26.26	4.73	8.46
Net Income, 1 Yr. Growth %	-5.6	1.35	26.47	4.73	8.38
Normalized Net Income, 1 Yr. Growth %	-8.67	2.6	17.74	6.49	9.24
Diluted EPS Before Extra, 1 Yr. Growth %	-6.38	-0.21	26.26	5.49	10.39
Accounts Receivable, 1 Yr. Growth %	-1.8	43.52	3.11	0.41	-16.94
Net Property, Plant and Equip., 1 Yr. Growth %	-13.3	-28.77	-11.81	84.31	-8.34
Total Assets, 1 Yr. Growth %	12.8	27.32	-1.74	5.38	3.99
Tangible Book Value, 1 Yr. Growth %	-13.1	-0.62	36.71	39.91	25.44
Common Equity, 1 Yr. Growth %	11.25	11.52	10.13	15.22	12.25
Cash From Operations, 1 Yr. Growth %	-11.41	5.53	-23.45	37.86	36.68
Capital Expenditures, 1 Yr. Growth %	30.78	-2.5	23	18.9	5.49
Levered Free Cash Flow, 1 Yr. Growth %	-4.83	5.77	-44.33	43.58	67.81
Unlevered Free Cash Flow, 1 Yr. Growth %	-4.57	6.09	-43.92	43.56	67.82
Dividend Per Share, 1 Yr. Growth %	4.92	0	1.56	6.15	8.7
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.73	2.18	6.35	5.86	7.12
Gross Profit, 2 Yr. CAGR %	7.3	1.53	6.26	6.22	7.6
EBITDA, 2 Yr. CAGR %	6.95	-1.56	5.96	5.54	11.05
EBITA, 2 Yr. CAGR %	7.86	-1.07	6.15	5.62	11.16
EBIT, 2 Yr. CAGR %	6.53	-2.1	6.15	6.11	12.19
Earnings From Cont. Operations, 2 Yr. CAGR %	6.76	-2.15	13.13	14.99	6.58
Net Income, 2 Yr. CAGR %	6.72	-2.19	13.21	15.09	6.54
Normalized Net Income, 2 Yr. CAGR %	5.19	-3.4	9.91	15.45	7.86
Diluted EPS Before Extra, 2 Yr. CAGR %	6.26	-3.35	12.25	15.41	7.91
Accounts Receivable, 2 Yr. CAGR %	-8.98	18.72	21.65	1.75	-8.67
Net Property, Plant and Equip., 2 Yr. CAGR %	40.06	-21.41	-20.74	27.49	29.98
Total Assets, 2 Yr. CAGR %	19.06	19.84	11.85	1.76	4.69
Tangible Book Value, 2 Yr. CAGR %	-14.84	-7.07	16.56	38.3	32.48
Common Equity, 2 Yr. CAGR %	12.68	11.38	10.82	12.65	13.73
Cash From Operations, 2 Yr. CAGR %	15.09	-3.31	-10.12	2.73	37.27
Capital Expenditures, 2 Yr. CAGR %	-2.2	12.92	9.51	20.93	11.99
Levered Free Cash Flow, 2 Yr. CAGR %	29.58	0.33	-23.26	-11.48	55.23
Unlevered Free Cash Flow, 2 Yr. CAGR %	30.01	0.62	-22.87	-11.15	55.22
Dividend Per Share, 2 Yr. CAGR %	3.28	2.43	0.78	3.83	7.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.73	6.5	4.3	5.26	7.64
Gross Profit, 3 Yr. CAGR %	7.54	6.09	3.93	5.38	8.02
EBITDA, 3 Yr. CAGR %	7.38	5.6	1.86	4.67	10.39
EBITA, 3 Yr. CAGR %	8.04	6.24	2.28	4.76	10.54
EBIT, 3 Yr. CAGR %	7.17	5.32	1.61	5.04	11.27
Earnings From Cont. Operations, 3 Yr. CAGR %	7.07	4.93	6.53	10.26	12.77
Net Income, 3 Yr. CAGR %	7.04	4.9	6.56	10.31	12.81
Normalized Net Income, 3 Yr. CAGR %	6.14	4.17	3.18	11	13.34
Diluted EPS Before Extra, 3 Yr. CAGR %	6.73	4.05	5.66	9.95	13.71
Accounts Receivable, 3 Yr. CAGR %	-3.72	5.94	13.27	14.11	-4.9
Net Property, Plant and Equip., 3 Yr. CAGR %	18.51	11.8	-18.33	5.01	14.21
Total Assets, 3 Yr. CAGR %	12.64	21.75	12.17	9.65	2.5
Tangible Book Value, 3 Yr. CAGR %	-10.41	-10.34	5.69	23.88	33.87
Common Equity, 3 Yr. CAGR %	8.1	12.29	10.97	12.27	12.52
Cash From Operations, 3 Yr. CAGR %	9.01	11.81	-10.55	3.65	12.99
Capital Expenditures, 3 Yr. CAGR %	-16.78	-2.3	16.18	12.55	15.55
Levered Free Cash Flow, 3 Yr. CAGR %	20.29	21.1	-17.55	-6.07	9.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	20.55	21.49	-17.2	-5.74	9.83
Dividend Per Share, 3 Yr. CAGR %	2.17	2.17	2.14	2.54	5.43
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.24	6.54	7.17	6.25	5.42
Gross Profit, 5 Yr. CAGR %	5.5	6.39	7.03	6.14	5.38
EBITDA, 5 Yr. CAGR %	5.3	6.28	6.81	5.58	5.44
EBITA, 5 Yr. CAGR %	5.64	6.63	7.28	5.99	5.74
EBIT, 5 Yr. CAGR %	5.06	6.07	6.76	5.64	5.72
Earnings From Cont. Operations, 5 Yr. CAGR %	5.02	5.87	9.45	8.85	6.55
Net Income, 5 Yr. CAGR %	5	5.85	9.47	8.86	6.55
Normalized Net Income, 5 Yr. CAGR %	4.42	5.34	7.54	8.55	6.32
Diluted EPS Before Extra, 5 Yr. CAGR %	4.81	5.35	8.91	8.46	6.55
Accounts Receivable, 5 Yr. CAGR %	-4.77	5.36	5.72	4.24	3.92
Net Property, Plant and Equip., 5 Yr. CAGR %	14.02	1.15	0.9	17.83	-1.65
Total Assets, 5 Yr. CAGR %	7.5	13.52	12.32	13.32	9.11
Tangible Book Value, 5 Yr. CAGR %	-7.02	-5.2	-0.46	6.63	15.69
Common Equity, 5 Yr. CAGR %	6.95	8.39	9.18	12.43	12.06
Cash From Operations, 5 Yr. CAGR %	5.48	9.09	0.91	8.08	6.16
Capital Expenditures, 5 Yr. CAGR %	-9.32	-5.99	-7.12	6.4	14.49
Levered Free Cash Flow, 5 Yr. CAGR %	11.51	14.04	0.49	6.83	5.77
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.66	14.26	0.83	7.2	6.05
Dividend Per Share, 5 Yr. CAGR %	2.71	2.71	1.61	2.83	4.22