Notes to the Financial Statements For the financial year ended 31 December 2025 Notes to the Financial Statements For the financial year ended 31 December 2025 27. LEASES Leases as lessee The Group leases office premises in Singapore and hospital buildings in China. The leases typically run for a period of 3 to 18 years for office premises and hospital buildings, with no option to renew the lease after that date. The Group also leases certain equipment, which are short-term and/or leases of low-value items. The Group has elected not to recognise right-of-use assets and lease liabilities for these leases. Right-of-use assets Right-of-use assets related to leased properties that do not meet the definition of investment property are presented as property, plant and equipment (see Note 5). Group Company $’000 $’000 Land and buildings At 1 January 2024 213 213 Additions to right-of-use assets 54,560 1,666 Depreciation charge for the year (2,205) (324) Translation differences (278) – At 31 December 2024 52,290 1,555 Additions to right-of-use assets 134,510 – Depreciation charge for the year (17,945) (333) Acquisition of subsidiary 7,357 – Disposal (68) – Translation differences (2,485) – At 31 December 2025 173,659 1,222 Lease liabilities Group Company 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Non-current liabilities Lease liabilities 183,057 46,228 949 1,268 Current liabilities Lease liabilities 9,114 6,994 319 301 192,171 53,222 1,268 1,569 27. LEASES (continued) Leases as lessee (continued) Terms and debt repayment schedule Terms and conditions of outstanding lease liabilities are as follows: 2025 2024 Currency Nominal interest rate per annum Year of maturity Face value Carrying amount Face value Carrying amount % $’000 $’000 $’000 $’000 Group Lease liabilities SGD 4.07 – 5.91 2029 – 2031 2,593 2,331 1,799 1,569 Lease liabilities RMB 3.95 – 5.00 2027 – 2042 237,924 189,840 67,042 51,653 240,517 192,171 68,841 53,222 Company Lease liabilities SGD 5.91 2029 1,414 1,268 1,799 1,569 The Group’s and the Company’s exposures to liquidity and interest rate risks related to lease liabilities are disclosed in Note 23. Amounts recognised in consolidated statement of profit or loss Group 2025 2024 $’000 $’000 Interest on lease liabilities 7,245 847 Expenses relating to short-term leases and leases of low-value assets 9,122 2,370 Amounts recognised in consolidated statement of cash flows Group 2025 2024 $’000 $’000 Total cash outflows for leases 8,977 2,616 Leases as lessor The Group leases out its investment properties consisting of its owned commercial properties (see Note 6). All leases are classified as operating leases from a lessor perspective. OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 235 234 PERENNIAL HOLDINGS PRIVATE LIMITED ANNUAL REPORT 2025
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