Giordano International 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	217	216	345	268	190	-112
Depreciation & Amortization	487	482	465	440	494	609
Other Amortization	1	1	1	1	1	4
Loss (Gain) From Sale of Assets	4	4	1	-	1	1
Asset Writedown & Restructuring Costs	2	4	-	1	3	75
Loss (Gain) From Sale of Investments	-	-	6	-6	-	-1
Loss (Gain) on Equity Investments	-5	-20	-45	-36	-41	-39
Stock-Based Compensation	-	-	-	-	7	5
Provision & Write-off of Bad Debts	-	3	-4	-2	-15	33
Other Operating Activities	19	10	32	52	19	-48
Change in Accounts Receivable	-90	-49	24	54	-23	-38
Change in Inventory	7	-31	135	-2	-171	105
Change in Accounts Payable	-2	90	-18	40	-	22
Operating Cash Flow	640	710	942	810	465	616
Operating Cash Flow Growth	-12.45%	-24.63%	16.30%	74.19%	-24.51%	-42.32%
Capital Expenditures	-72	-66	-87	-66	-42	-30
Sale of Property, Plant & Equipment	-1	-	-	1	1	-
Investment in Securities	12	163	-115	-61	23	227
Other Investing Activities	49	52	47	50	1	65
Investing Cash Flow	-12	149	-155	-76	-17	262
Short-Term Debt Issued	-	138	123	44	-	-
Long-Term Debt Issued	-	-	-	-	81	153
Total Debt Issued	199	138	123	44	81	153
Short-Term Debt Repaid	-	-140	-105	-199	-	-
Long-Term Debt Repaid	-	-408	-400	-405	-503	-757
Total Debt Repaid	-614	-548	-505	-604	-503	-757
Net Debt Issued (Repaid)	-415	-410	-382	-560	-422	-604
Issuance of Common Stock	1	5	47	3	2	-
Repurchase of Common Stock	-	-1	-	-3	-	-1
Common Dividends Paid	-226	-347	-514	-292	-212	-118
Other Financing Activities	1	-26	-77	-1	-9	56
Financing Cash Flow	-639	-779	-926	-853	-641	-667
Foreign Exchange Rate Adjustments	23	-16	-1	-25	3	13
Net Cash Flow	12	64	-140	-144	-190	224
Free Cash Flow	568	644	855	744	423	586
Free Cash Flow Growth	-12.48%	-24.68%	14.92%	75.89%	-27.82%	-40.93%
Free Cash Flow Margin	14.38%	16.43%	22.08%	19.58%	12.52%	18.77%
Free Cash Flow Per Share	0.35	0.40	0.53	0.47	0.27	0.37
Cash Interest Paid	47	46	40	25	29	41
Cash Income Tax Paid	69	112	111	76	50	54
Levered Free Cash Flow	480.5	609.63	857.38	670	396.38	377.5
Unlevered Free Cash Flow	509.88	638.38	882.38	685.63	414.5	403.13
Change in Working Capital	-85	10	141	92	-194	89

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