32 CapitaLand Integrated Commercial Trust Financial Review Gross revenue for FY 2025 was S$1,619.2 million, an increase of S$32.9 million or 2.1% from FY 2024. The increase was mainly due to contribution from the acquisition of the remaining 55% stake in Glory Office Trust which holds the commercial component of CapitaSpring and lease commencement at Gallileo based on progressive handover to the anchor tenant as well as the improved performance from existing properties, partially offset by the absence of revenue contribution due to the divestment of 21 Collyer Quay. NPI for FY 2025 was S$1,189.7 million, an increase of S$36.3 million or 3.1% from FY 2024 mainly due to higher contribution from CapitaSpring, better performance from existing properties as well as lower utilities and property management reimbursements, partially offset by divestment of 21 Collyer Quay. Gross Revenue (S$ million) FY 2024 FY 2025 Retail Bedok Mall 58.1 58.9 Bugis Junction 83.7 84.9 CQ @ Clarke Quay 30.0 32.2 IMM Building 89.4 95.5 Junction 8 61.0 62.8 Lot One Shoppers’ Mall 46.5 47.2 Tampines Mall 82.7 82.8 Westgate 75.5 77.8 Other Assets1 63.4 65.7 Subtotal 590.3 607.8 Office Asia Square Tower 2 105.3 104.3 CapitaGreen 95.0 97.9 Capital Tower 81.9 79.8 CapitaSky2 73.6 74.8 CapitaSpring3 _ 37.7 Six Battery Road 70.9 71.1 21 Collyer Quay4 26.3 - Gallileo5 N.M.6 6.8 Main Airport Center5 27.7 22.1 66 Goulburn Street 16.3 15.8 100 Arthur Street 13.5 15.0 Subtotal 513.3 525.3 Integrated Development Funan 64.6 68.4 Plaza Singapura 93.7 93.2 The Atrium@Orchard 51.3 50.5 Raffles City Singapore 248.3 251.8 101–103 Miller Street and Greenwood Plaza (50% interest) 24.7 22.3 Subtotal 482.7 486.1 Total 1,586.3 1,619.2 Figures may not add up due to rounding. 1 Bugis+ and B ukit Panjang Plaza are classified under Other Assets. 2 CICT owns 70% interest in CapitaSky. The reported figure is on 100% basis. 3 On 26 August 2025, CICT completed the acquisition of the balance 55% in the units in Glory Office Trust (GOT) which holds the commercial component of CapitaSpring. For FY 2025, the gross revenue for CapitaSpring is based on the period from 26 August 2025 to 31 December 2025. 4 21 Collyer Quay was divested on 11 November 2024. 5 CICT owns 94.9% interest in Gallileo and Main Airport Center. The reported figure is on 100% basis. 6 Not meaningful as Gallileo was undergoing AEI works.
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