FRA:4C6 Cash Flow Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	24	6	-52	-158	4	361
Depreciation & Amortization	1,335	1,326	1,295	1,290	1,143	1,067
Other Amortization	165	165	186	166	157	157
Loss (Gain) From Sale of Assets	4	2	1	-	-	-
Loss (Gain) on Equity Investments	4	4	4	4	4	4
Other Operating Activities	-192	-208	-228	-149	-87	-190
Change in Accounts Receivable	160	127	-50	-49	136	-339
Change in Inventory	5	-65	-3	-4	-4	-37
Change in Accounts Payable	-286	-277	-27	13	2,012	268
Change in Other Net Operating Assets	1	1	1	16	11	6
Operating Cash Flow	1,220	1,081	1,127	1,129	3,376	1,297
Operating Cash Flow Growth	16.97%	-4.08%	-0.18%	-66.56%	160.29%	-12.66%
Capital Expenditures	-442	-434	-481	-496	-874	-593
Sale of Property, Plant & Equipment	2	1	-	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-138	-2,040	-202
Investment in Securities	-333	1,263	-1,161	1,948	-2,561	-
Other Investing Activities	108	106	99	-7	-25	46
Investing Cash Flow	-665	936	-1,543	1,307	-5,500	-749
Long-Term Debt Repaid	-	-398	-400	-402	-398	-422
Total Debt Repaid	-403	-398	-400	-402	-398	-422
Net Debt Issued (Repaid)	-403	-398	-400	-402	-398	-422
Common Dividends Paid	-361	-361	-361	-361	-361	-291
Financing Cash Flow	-764	-759	-761	-763	-1,713	-713
Net Cash Flow	-209	1,258	-1,177	1,673	-3,837	-165
Free Cash Flow	778	647	646	633	2,502	704
Free Cash Flow Growth	39.18%	0.15%	2.05%	-74.70%	255.40%	-28.31%
Free Cash Flow Margin	15.75%	13.53%	13.19%	12.97%	46.46%	15.49%
Free Cash Flow Per Share	0.16	0.13	0.13	0.13	0.52	0.15
Cash Interest Paid	30	29	23	19	22	27
Cash Income Tax Paid	5	5	2	-	-	24
Levered Free Cash Flow	1,079	876.5	850.63	540.5	-1,227	288.38
Unlevered Free Cash Flow	1,124	922.75	895	583	-1,200	307.13
Change in Working Capital	-120	-214	-79	-24	2,155	-102

Source: S&P Global Market Intelligence. Standard template. Financial Sources.