FY 2025 Financial Results

6 February 2026

FY 2025 Financial Results

Agenda

01

Highlights

02

Financials & Capital Management

03

Portfolio & Asset Type Performance

04

Focus & Outlook

05

Sustainability

06

Market Information

07

Additional Information

Raffles City Singapore

CapitaLand Integrated Commercial Trust

3

01

Highlights

Strong Performance for FY 2025

Above information as at 31 December 2025, unless otherwise stated.

1. Portfolio property value as at 31 December 2025. Includes CICT's proportionate interest in Gallileo and Main Airport Center (94.9%, respectively), CapitaSky (70%), 101-103 Miller Street & Greenwood Plaza (50%) and ION Orchard (50%).

2. Based on average committed rents for incoming leases versus average rents of expiring leases of Singapore portfolio. 5

Value Creation Journey

DIVESTMENT

Divested 45% interest in CapitaSpring's serviced residence component for S$126.0 million at an exit yield of ~3.6%

ACQUISITION

Acquired the remaining

55% interest in

CapitaSpring's for

S$1,045.0 million1

DIVESTMENT

Announced the sale of Bukit Panjang Plaza for S$428.0 million at an exit yield around the mid-4% level

DEVELOPMENT

Awarded Hougang Central site in joint bid, with full ownership to develop the commercial component

AEI

• IMM Building completed S$48 million AEI in 3Q 2025

• Gallileo completed progressive handover of Phase 1 (office tower) to major tenant in Dec 2025

• Lot One Shoppers' Mall commenced S$37

  million AEI targeting ROI of >7%

• Tampines Mall commenced S$24 million AEI targeting ROI of ~7%

UPGRADING

Raffles City Tower commenced upgrading to enhance overall user experience

AEI - New

Capital Tower will commence S$25 million AEI in 3Q 2026 to reposition Level 9 into a community space and create a higher-yielding F&B space on Level 1

AEI refers to asset enhancement initiative. 6

1. Based on 55% of the agreed property value of S$1,900.0 million.

Divestment Highlights

Divestment of Bukit Panjang Plaza for S$428.0 million1

The sale is part of CICT's broader portfolio reconstitution strategy, where asset divestments may be

considered to enable capital redeployment into potential growth opportunities, or other strategic purposes

Premium

10%

Against valuation of

S$389.0M as at

31 Dec 2025

Premium

165%

Against purchase price of S$161.3M in 2007

Estimated Net Divestment Proceeds

S$421.2M

Gearing2

38.6%→37.6%

Exit Yield

~ mid-4% level

Expected Completion

1Q 2026

1. 90 out of 91 strata lots held by CICT.

2. Gearing would lower by 1%, assuming the divestment was completed on 31 December 2025. 7

‌CICT & Consortium Awarded Hougang Central Site for Landmark Mixed-use Development

In the heart of Hougang with sizeable catchment. First government land sales site in Hougang since 2019

Direct links to the bus interchange and the Mass Rapid Transit network via the North-East Line and the future Cross Island Line

Close to Punggol Community Club, Hougang Sports Centre, and Punggol Park. Several established primary schools are within 1 km and 2 km of the development

New development will add ~300,000 sq ft of net lettable area( NLA) for retail and lifestyle concepts and ~830 residential units integrated with a bus interchange. Will feature sheltered public event space and diverse F&B offerings to enhance

community vibrancy and placemaking

Map of Hougang from OneMap SG by Singapore Land Authority

Legend

Hougang Central site

Schools

Parks

Sports Centre

Community centre 8

CICT will Develop and Own 100% of the Commercial Component

Reinforcing foothold in our core market of Singapore, while expanding its retail footprint into Singapore's

northeast region

9

Image source: Google street view

1. Based on the valuer's estimated net income, assuming completion of the commercial component and taking into consideration the estimated development cost of the commercial component.

FY 2025 Financial Results Development Highlights

Rationale for Development

1

• Strengthens CICT's portfolio exposure in Singapore, leveraging development as a strategic growth driver to reinforce position as the proxy for commercial real estate in Singapore

  2

  
  
  Prime Location in the Heart of Hougang with Excellent Connectivity

  See slide 8

  3

  
  
  Establishing Strategic Foothold in the Northeast Region

• Marking entry into Singapore northeast where CICT has no presence

• Opportunity to expand retail footprint in Singapore where well-located suburban

CapitaLand Integrated Commercial Trust

Establishing presence in northeast region

Hougang

malls at transport nodes are tightly held and

rarely available

Legend

CICT retail properties CICT office properties

CICT integrated developments

MRT Station East-West Line

North-South Line

North-East Line Circle Line Downtown Line

Light Rail Transit Line Thomson-East Coast Line

10

CapitaLand Integrated Commercial Trust

10

y