21 Annual Report 2025 Fixed versus Floating Rate Debt Profile As at 31 Dec 2025 As at 31 Dec 2024 S$’million % S$’million % Fixed Rate 2,502.2 78 2,454.2 77 Floating Rate 687.9 22 719.3 23 Total 3,190.11 100 3,173.51 100 1 Net of unamortised transaction costs. The fixed rate loans take into account the interest rate swaps and cross currency interest rate swaps which were entered into to convert floating rate loans to fixed rate loans. As at 31 December 2025, S$2,502.2 million3 or 78% of CLAS’ borrowings were on fixed interest rates, including S$356.5 million3 due for refinancing in 2026. The interest rates are fixed for the duration of their respective loan tenures. 3 Net of unamortised transaction costs. Debt by Currency Profile As at 31 Dec 2025 As at 31 Dec 2024 S$3,190.11 million 1 Net of unamortised transaction costs and before taking into account the cross currency interest rate swaps to manage the exposure to foreign currency risk. On a portfolio basis, approximately 48% of CLAS’ assets denominated in foreign currency were hedged. Cash Flows and Liquidity CLAS takes a proactive role in monitoring its cash flow position and requirements to ensure that there is sufficient liquidity and adequate funding for distribution to Stapled Securityholders as well as to meet any short-term obligations. As at 31 December 2025, CLAS’ cash and cash equivalents was S$614.1 million, a decrease of S$29.9 million over the previous year. Net cash generated from operating activities for FY 2025 was S$355.6 million, an increase of S$38.4 million as compared to FY 2024. In FY 2025, net cash used in investing activities was S$65.9 million mainly due to (i) acquisition of investment properties, (ii) capital expenditure on investment properties and investment properties under development, and (iii) purchase of property, plant and equipment, partially offset by proceeds from the disposal of investment properties and assets held for sale. Net cash used in financing activities was S$310.7 million mainly due to interest payments and distribution payments to Stapled Securityholders and perpetual securities holders, partially offset by the net drawdown of borrowings. Currency S$’million % SGD 1,347.5 42 USD 582.7 18 JPY 681.0 21 GBP 303.1 10 EUR 237.6 8 KRW 28.5 1 RMB 9.7 <1 Total 3,190.11 100 Currency S$’million % SGD 1,286.0 41 USD 672.7 21 JPY 638.4 20 GBP 309.0 10 EUR 222.5 7 KRW 30.6 1 RMB 14.3 <1 Total 3,173.51 100 S$3,173.51 million
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