SIMPPLE LTD. (SPPL) Cash Flow Statement
Where SPPL’s cash came from and went, 2025
December 31, 2025 · Singapore dollars- Cash from operations
- −S$1.8M
- Capital expenditures
- S$2.0M 34.5% of revenue
- Free cash flow
- −S$3.8M −65.6% margin
- Returned to shareholders
- —
- Change in cash
- S$2.6M cash at year-end S$3.1M
Drawn to scale: where the cash came from and how it was used. Hover for values.
SPPL operating cash flow, capex and free cash flow
SPPL cash flow trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −S$171,6042020 | −S$1.8M2025 | — | |
| Capital expenditures | S$53,9422020 | S$2.0M2025 | +106.1%/yr | |
| Free cash flow | −S$225,5462020 | −S$3.8M2025 | — | |
| Free cash flow margin | −6.6%2020 | −65.6%2025 | −59.0 pts | |
| Capex / revenue | 1.6%2020 | 34.5%2025 | +32.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SPPL cash flow by activity
SPPL 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).
SPPL cash flow statement in Singapore dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | −S$4.2M | −S$3.9M | −S$7.6M | −S$787,512 | S$65,819 | −S$423,620 |
| Depreciation & amortization | S$779,517 | S$693,805 | S$543,212 | S$311,783 | S$175,074 | S$184,698 |
| Change in working capital | S$1.4M | S$2.1M | −S$573,144 | −S$285,009 | −S$382,371 | S$67,318 |
| Other non-cash items | S$194,884 | S$0 | S$56,005 | S$809,572 | −S$152,286 | S$0 |
| Cash from operating activities | −S$1.8M | −S$1.2M | −S$7.5M | S$48,834 | −S$293,764 | −S$171,604 |
| Investing activities | ||||||
| Capital expenditures | −S$2.0M | −S$1.4M | −S$913,374 | −S$1.2M | −S$111,920 | −S$53,942 |
| Investments (net) | — | −S$1.4M | −S$913,374 | −S$1.2M | S$794,262 | −S$53,943 |
| Acquisitions & other investing | −S$1.0M | S$1.4M | S$913,374 | S$1.2M | S$111,920 | S$53,942 |
| Cash from investing activities | −S$3.0M | −S$1.4M | −S$913,374 | −S$1.2M | S$794,262 | −S$53,943 |
| Financing activities | ||||||
| Net borrowing (repayment) | S$2.0M | −S$847,885 | −S$1.3M | −S$835,510 | −S$757,339 | — |
| Shares issued | S$5.2M | S$2.8M | S$10.8M | S$2.0M | S$750,000 | S$0 |
| Other financing | S$225,330 | −S$89,130 | −S$369,688 | −S$204,869 | −S$1.2M | S$1.5M |
| Cash from financing activities | S$7.5M | S$1.9M | S$9.1M | S$959,621 | −S$1.2M | S$1.5M |
| Summary | ||||||
| Net change in cash | S$2.6M | −S$672,634 | S$652,436 | −S$222,713 | −S$665,606 | S$1.3M |
| Cash at end of period | S$3.1M | S$514,825 | S$1.2M | S$535,023 | S$757,736 | S$1.4M |
| Free cash flow | −S$3.8M | −S$2.6M | −S$8.5M | −S$1.2M | −S$405,684 | −S$225,546 |
| Free cash flow margin | −65.6% | −66.6% | −183.2% | −18.6% | −9.6% | −6.6% |
| Capex / revenue | 34.5% | 36.7% | 19.8% | 19.4% | 2.7% | 1.6% |
| Operating cash flow / net income | — | — | — | — | −4.46 | — |
| Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Mar '24 | Mar '23 | Jun '21 | |
|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||
| Net income | −S$2.6M | −S$1.7M | −S$1.6M | −S$1.3M | −S$2.3M | −S$6.5M | −S$516,984 | −S$83,555 |
| Depreciation & amortization | S$286,364 | S$397,735 | S$500,711 | S$291,294 | S$309,429 | S$358,536 | S$92,338 | S$99,063 |
| Change in working capital | S$4.4M | −S$1.1M | −S$2.3M | −S$780,097 | S$3.2M | −S$1.3M | S$497,206 | −S$1.2M |
| Other non-cash items | S$411,949 | −S$31,414 | S$64,451 | −S$23,007 | −S$1 | S$3.7M | S$141,449 | S$1.5M |
| Cash from operating activities | S$2.4M | −S$2.4M | −S$3.3M | −S$1.8M | S$1.2M | −S$3.8M | S$214,009 | S$294,426 |
| Investing activities | ||||||||
| Capital expenditures | −S$559,870 | −S$258 | −S$4 | −S$189 | −S$16,000 | −S$6,183 | −S$4,013 | −S$39,806 |
| Acquisitions & other investing | −S$1.6M | −S$1.0M | −S$651,509 | −S$749,172 | −S$412,620 | −S$405,337 | −S$598,614 | S$9,793 |
| Cash from investing activities | −S$2.2M | −S$1.0M | −S$651,513 | −S$749,361 | −S$428,620 | −S$411,520 | −S$602,627 | −S$30,013 |
| Financing activities | ||||||||
| Shares issued | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 |
| Other financing | S$2.0M | S$2.4M | S$4.3M | S$1.8M | −S$516,715 | S$4.8M | S$504,688 | −S$445,444 |
| Cash from financing activities | S$2.0M | S$2.4M | S$4.3M | S$1.8M | −S$516,715 | S$4.8M | S$504,688 | −S$445,444 |
| Summary | ||||||||
| Net change in cash | S$3.2M | −S$961,355 | S$376,761 | −S$704,078 | S$1.5M | −S$43,919 | −S$302,885 | S$1.2M |
| Cash at end of period | S$4.1M | S$515,281 | S$754,143 | S$377,382 | S$1.5M | — | S$535,023 | S$1.2M |
| Free cash flow | S$1.9M | −S$2.4M | −S$3.3M | −S$1.8M | S$1.2M | −S$3.8M | S$209,996 | S$254,620 |
| Free cash flow margin | 78.1% | −99.9% | −98.4% | −73.1% | 85.5% | −116.7% | 30.1% | 12.7% |
| Capex / revenue | 23.2% | 0.0% | 0.0% | 0.0% | 1.1% | 0.2% | 0.6% | 2.0% |
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.
SPPL cash generation
In fiscal 2025 (ended December 31, 2025), SIMPPLE LTD. generated -S$1.8 million of cash from operations and spent S$2.0 million on capital expenditures, leaving free cash flow of -S$3.8 million, −65.6% of revenue. Cash and equivalents rose by S$2.6 million over the year.
Related: SPPL income statement, SPPL balance sheet. See the SPPL stock overview for the latest quote and news.
SPPL cash flow FAQ
What is SIMPPLE LTD.'s free cash flow?
SIMPPLE LTD.'s free cash flow was -S$3.8 million in fiscal 2025: -S$1.8 million of operating cash flow minus S$2.0 million of capital expenditures It was -S$2.6 million a year earlier..
How much cash does SIMPPLE LTD. generate from operations?
SIMPPLE LTD. generated -S$1.8 million of cash from operating activities in fiscal 2025.
How much does SIMPPLE LTD. spend on capital expenditures?
SIMPPLE LTD. spent S$2.0 million on capital expenditures in fiscal 2025, 34.5% of revenue, compared with S$1.4 million the year before.