The GrowHub Limited Class A (TGHL) Cash Flow Statement

NASDAQ: TGHLOperating cash, capex, free cash flow and buybacks.

Where TGHL’s cash came from and went, 2025

December 31, 2025 · Singapore dollars
Cash from operations
−S$14.0M
Capital expenditures
S$1,597
1.9% of revenue
Free cash flow
−S$14.0M
−16,912.2% margin
Returned to shareholders
—
Change in cash
S$617,640
cash at year-end S$1.2M
Shares issued: S$16.8MShares issuedS$16.8MCurrency & other: S$225,103Currency & otherS$225,103Cash used in operations: S$14.0MCash used in operationsS$14.0M · 82%Debt repayment: S$2.4MDebt repaymentS$2.4M · 14%Added to cash: S$617,640Added to cashS$617,640 · 4%Capital expenditures: S$1,597Capital expendituresS$1,597 · 0%S$17.1M
Cash from operations
−S$14.0M
Net borrowing (repayment)
−S$2.4M
Shares issued
+S$16.8M
Currency & other
+S$223,506
Change in cash
S$617,640

Drawn to scale: where the cash came from and how it was used. Hover for values.

TGHL operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

TGHL cash flow trends, 2022–2025

MetricTrendThenLatestChange
Operating cash flow−S$1.2M2022−S$14.0M2025—
Capital expendituresS$286,3912022S$1,5972025−82.3%/yr
Free cash flow−S$1.5M2022−S$14.0M2025—
Free cash flow margin−202.8%2022−16,912.2%2025−16,709.4 pts
Capex / revenue40.0%20221.9%2025−38.1 pts

Change is the average annual growth (CAGR) or the difference between the first and latest year.

TGHL cash flow by activity

OperatingInvestingFinancingChange in cash

TGHL net income vs operating cash flow

Net incomeOperating cash flow

Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).

TGHL cash flow statement in Singapore dollars

2025202420232022
Operating activities
Net income−S$17.2M−S$2.4M−S$1.8M−S$1.9M
Depreciation & amortizationS$44,162S$27,899S$49,359S$9,753
Change in working capitalS$817,988−S$1.2MS$108,335S$368,073
Other non-cash itemsS$2.3MS$234,563S$496,904S$386,295
Cash from operating activities−S$14.0M−S$3.3M−S$1.1M−S$1.2M
Investing activities
Capital expenditures−S$1,597−S$22,768−S$34,974−S$286,391
Investments (net)—−S$32,419−S$34,974−S$286,391
Acquisitions & other investing−S$3,926S$22,768S$34,974S$286,391
Cash from investing activities−S$5,523−S$32,419−S$34,974−S$286,391
Financing activities
Net borrowing (repayment)−S$2.4MS$1.3M−S$312,352S$1.5M
Shares issuedS$16.8MS$3.3MS$1.6MS$0
Other financingS$0−S$751,698−S$105,575−S$70,000
Cash from financing activitiesS$14.4MS$3.9MS$1.2MS$1.4M
Summary
Net change in cashS$617,640S$531,275−S$3,435−S$21,611
Cash at end of periodS$1.2MS$546,288S$15,013S$18,448
Free cash flow−S$14.0M−S$3.3M−S$1.2M−S$1.5M
Free cash flow margin−16,912.2%−1,397.2%−915.5%−202.8%
Capex / revenue1.9%9.6%27.2%40.0%

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.

TGHL cash generation

In fiscal 2025 (ended December 31, 2025), GrowHub generated -S$14.0 million of cash from operations and spent S$0.0 million on capital expenditures, leaving free cash flow of -S$14.0 million, −16,912.2% of revenue. Cash and equivalents rose by S$0.6 million over the year.

Related: TGHL income statement, TGHL balance sheet. See the TGHL stock overview for the latest quote and news.

TGHL cash flow FAQ

What is GrowHub's free cash flow?

GrowHub's free cash flow was -S$14.0 million in fiscal 2025: -S$14.0 million of operating cash flow minus S$0.0 million of capital expenditures It was -S$3.3 million a year earlier..

How much cash does GrowHub generate from operations?

GrowHub generated -S$14.0 million of cash from operating activities in fiscal 2025.

How much does GrowHub spend on capital expenditures?

GrowHub spent S$0.0 million on capital expenditures in fiscal 2025, 1.9% of revenue, compared with S$0.0 million the year before.

Software - Infrastructure: cash flow