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

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