CONSOLIDATED CASH FLOW STATEMENT For the financial year ended 31 December 2025 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Group Note 2025 2024 $’000 $’000 Cash flows from operating activities: Profit before tax 45,935 35,683 Adjustments for: Depreciation of property, plant and equipment 4 12,768 12,842 Depreciation of right-to-use assets 27 11,675 9,905 Amortisation of intangible assets 7 4,468 4,960 Write-down/(writeback) of inventories, net 10 838 (1,048) Allowance for expected credit loss on trade receivables, net 11 526 1,588 Loss on disposal and write-off of property, plant and equipment 23 2,768 322 Gain on disposal of asset held-for-sale 23 (6,907) (588) Loss/(gain) on liquidation of a subsidiary 30 (266) Gain on lease termination (4) − Write-off of intangible assets 7 2,003 − Provision for warranties made, net 15 42 651 Share of loss of an associate 10 27 Finance expense * 8,890 8,991 Finance income (255) (613) Operating cash flows before changes in working capital 82,787 72,454 Increase in trade and other receivables, finance lease receivables and prepaid operating expenses (10,334) (18,555) (Increase)/decrease in contract assets, net and inventories (174,236) 3,549 Increase/(decrease) in trade payables and accruals 54,539 (9,947) Cash (used in)/generated from operations (47,244) 47,501 Interest paid (6,170) (7,821) Interest received 255 613 Income tax paid (14,058) (7,194) Net cash flows (used in)/generated from operating activities (67,217) 33,099 Cash flows from investing activities: Purchase of property, plant and equipment 4 (28,525) (20,657) Purchase of intangible assets 7 (51) (134) Release of restricted cash arising from acquisition of subsidiaries − 989 Acquisition of businesses, net of cash (11,255) (18,711) Proceeds from disposal of property, plant and equipment 1,179 735 Proceeds from sale of asset held-for-sale 38,411 4,499 Net cash flows used in investing activities (241) (33,279) * Inclusive of $15,000 (2024: $18,000) of interest expenses included in cost of sales. 120 CSE GLOBAL LIMITED
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