FRA:B7O 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	2015 - 2019
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	2015 - 2019
Net Income	916	910	1,231	1,191	1,076	1,023	Upgrade
Depreciation & Amortization	727	727	869	913	896	912	Upgrade
Other Amortization	-	-	1	1	1	3	Upgrade
Loss (Gain) From Sale of Assets	2	2	2	1	3	2	Upgrade
Asset Writedown & Restructuring Costs	7	7	-14	-9	-28	4	Upgrade
Loss (Gain) on Equity Investments	-1	-1	-1	-	-1	-	Upgrade
Other Operating Activities	523	107	151	351	259	285	Upgrade
Change in Accounts Receivable	-95	-95	-49	-59	30	300	Upgrade
Change in Inventory	-318	-318	75	-29	-42	83	Upgrade
Change in Accounts Payable	-48	-48	-382	371	224	-71	Upgrade
Change in Unearned Revenue	262	262	-	-1	7	5	Upgrade
Change in Other Net Operating Assets	7	7	-2	-7	-31	-4	Upgrade
Operating Cash Flow	1,982	1,560	1,881	2,723	2,394	2,542	Upgrade
Operating Cash Flow Growth	28.37%	-17.07%	-30.92%	13.74%	-5.82%	5.17%	Upgrade
Capital Expenditures	-395	-404	-311	-323	-532	-788	Upgrade
Sale of Property, Plant & Equipment	1	1	-	-	-	1	Upgrade
Investment in Securities	-57	44	79	-364	-361	-	Upgrade
Other Investing Activities	48	60	75	20	14	14	Upgrade
Investing Cash Flow	-403	-299	-157	-667	-879	-773	Upgrade
Long-Term Debt Issued	-	341	-	353	1,684	493	Upgrade
Long-Term Debt Repaid	-	-467	-751	-1,440	-2,264	-1,047	Upgrade
Net Debt Issued (Repaid)	-498	-126	-751	-1,087	-580	-554	Upgrade
Issuance of Common Stock	-	2	29	13	46	14	Upgrade
Common Dividends Paid	-696	-936	-906	-848	-791	-733	Upgrade
Other Financing Activities	-299	-262	-271	-275	-273	-307	Upgrade
Financing Cash Flow	-1,493	-1,322	-1,899	-2,197	-1,598	-1,580	Upgrade
Foreign Exchange Rate Adjustments	10	-10	-2	-30	-1	17	Upgrade
Net Cash Flow	96	-71	-177	-171	-84	206	Upgrade
Free Cash Flow	1,587	1,156	1,570	2,400	1,862	1,754	Upgrade
Free Cash Flow Growth	31.16%	-26.37%	-34.58%	28.89%	6.16%	-9.35%	Upgrade
Free Cash Flow Margin	16.72%	12.08%	15.72%	23.74%	19.63%	19.66%	Upgrade
Free Cash Flow Per Share	0.43	0.31	0.42	0.65	0.51	0.48	Upgrade
Cash Interest Paid	16	15	16	18	20	17	Upgrade
Cash Income Tax Paid	172	228	326	212	282	238	Upgrade
Levered Free Cash Flow	1,206	719.63	982.38	1,939	1,269	1,369	Upgrade
Unlevered Free Cash Flow	1,339	874	1,147	2,105	1,431	1,548	Upgrade
Change in Working Capital	-192	-192	-358	275	188	313	Upgrade

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