Springview Holdings Ltd Class A (SPHL) Cash Flow Statement
Where SPHL’s cash came from and went, 2025
December 31, 2025 · Singapore dollars- Cash from operations
- −S$2.0M
- Capital expenditures
- S$0 0.0% of revenue
- Free cash flow
- −S$2.0M −26.1% margin
- Returned to shareholders
- —
- Change in cash
- S$434,372 cash at year-end S$3.8M
Drawn to scale: where the cash came from and how it was used. Hover for values.
SPHL operating cash flow, capex and free cash flow
SPHL cash flow trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −S$597,4972022 | −S$2.0M2025 | — | |
| Capital expenditures | S$7,7522022 | S$02025 | −100.0% | |
| Free cash flow | −S$605,2492022 | −S$2.0M2025 | — | |
| Free cash flow margin | −8.4%2022 | −26.1%2025 | −17.7 pts | |
| Operating cash flow / net income | −0.972022 | −0.572023 | +0.39 | |
| Stock-based compensation | S$02023 | S$1.2M2025 | — | |
| Capex / revenue | 0.1%2022 | 0.0%2025 | −0.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SPHL cash flow by activity
SPHL net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
SPHL cash flow statement in Singapore dollars
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −S$2.4M | −S$964,245 | S$2.4M | S$617,725 |
| Depreciation & amortization | S$374,753 | S$229,601 | S$196,640 | S$183,379 |
| Stock-based compensation | S$1.2M | S$0 | S$0 | — |
| Change in working capital | −S$1.1M | S$437,817 | −S$4.4M | −S$1.4M |
| Other non-cash items | −S$137,521 | −S$234,443 | S$478,009 | S$0 |
| Cash from operating activities | −S$2.0M | −S$531,270 | −S$1.4M | −S$597,497 |
| Investing activities | ||||
| Capital expenditures | S$0 | −S$5 | −S$4,879 | −S$7,752 |
| Investments (net) | — | −S$2.6M | S$995,121 | S$694,248 |
| Acquisitions & other investing | S$1.3M | S$5 | S$4,879 | S$7,752 |
| Cash from investing activities | S$1.3M | −S$2.6M | S$995,121 | S$694,248 |
| Financing activities | ||||
| Net borrowing (repayment) | −S$309,221 | −S$491,069 | S$551,935 | −S$146,633 |
| Shares issued | S$1.9M | S$0 | S$0 | S$0 |
| Other financing | −S$208,192 | S$6.1M | S$171,751 | −S$62,806 |
| Cash from financing activities | S$1.4M | S$5.6M | S$723,686 | −S$209,439 |
| Summary | ||||
| Net change in cash | S$434,372 | S$2.7M | S$349,421 | −S$112,688 |
| Cash at end of period | S$3.8M | S$3.4M | S$698,106 | S$348,685 |
| Free cash flow | −S$2.0M | −S$531,270 | −S$1.4M | −S$605,249 |
| Free cash flow margin | −26.1% | −6.0% | −10.3% | −8.4% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.1% |
| Operating cash flow / net income | — | — | −0.57 | −0.97 |
| Jun '26 | Mar '26 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Dec '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||
| Net income | −S$315,966 | −S$1.8M | −S$489,424 | −S$1.3M | S$2.1M | S$248,930 | S$1.6M | S$269,206 |
| Depreciation & amortization | S$210,211 | S$253,821 | S$115,677 | S$129,062 | S$101,201 | S$104,900 | S$76,478 | S$94,612 |
| Change in working capital | −S$2.1M | S$155,360 | −S$1.3M | S$1.0M | −S$3.9M | −S$545,855 | −S$2.9M | −S$472,184 |
| Other non-cash items | S$51,880 | S$868,928 | S$164,588 | −S$171,673 | S$465,003 | S$4,788 | S$351,403 | S$2 |
| Cash from operating activities | −S$2.1M | −S$560,725 | −S$1.5M | −S$358,436 | −S$1.2M | −S$187,237 | −S$934,375 | −S$108,364 |
| Investing activities | ||||||||
| Capital expenditures | −S$6 | S$0 | S$0 | −S$2 | −S$4,782 | −S$2 | −S$3,614 | −S$2 |
| Acquisitions & other investing | S$448,459 | S$33,108 | S$1.3M | −S$2.7M | S$980,266 | — | S$740,789 | — |
| Cash from investing activities | S$448,453 | S$33,108 | S$1.3M | −S$2.7M | S$975,484 | — | S$737,175 | — |
| Financing activities | ||||||||
| Shares issued | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 |
| Other financing | −S$450,318 | S$1.3M | S$67,228 | S$6.1M | S$835,195 | −S$360,268 | S$631,158 | −S$128,679 |
| Cash from financing activities | −S$450,318 | S$1.3M | S$67,228 | S$6.1M | S$835,195 | −S$360,268 | S$631,158 | −S$128,679 |
| Summary | ||||||||
| Net change in cash | −S$2.1M | S$845,637 | −S$216,229 | S$3.2M | S$700,315 | −S$563,345 | S$529,229 | — |
| Cash at end of period | S$1.7M | S$3.8M | S$2.9M | S$3.4M | S$700,315 | S$153,918 | S$529,229 | — |
| Free cash flow | −S$2.1M | −S$560,723 | −S$1.5M | −S$358,433 | −S$1.2M | −S$187,234 | −S$937,990 | −S$108,361 |
| Free cash flow margin | −40.6% | −13.8% | −40.6% | −9.0% | −12.7% | −3.8% | −12.7% | −3.2% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | — | — | — | — | −0.59 | −0.75 | −0.59 | −0.40 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Singapore dollars as reported; data from EODHD.
SPHL cash generation
In fiscal 2025 (ended December 31, 2025), Springview generated -S$2.0 million of cash from operations and spent S$0 on capital expenditures, leaving free cash flow of -S$2.0 million, −26.1% of revenue. Cash and equivalents rose by S$0.4 million over the year.
Related: SPHL income statement, SPHL balance sheet. See the SPHL stock overview for the latest quote and news.
SPHL cash flow FAQ
What is Springview's free cash flow?
Springview's free cash flow was -S$2.0 million in fiscal 2025: -S$2.0 million of operating cash flow minus S$0 of capital expenditures It was -S$0.5 million a year earlier..
How much cash does Springview generate from operations?
Springview generated -S$2.0 million of cash from operating activities in fiscal 2025.