FRA:M3L Cash Flow Statement

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Net Income	-5.07	-9.57	-20.61	-68.81	125.72	Upgrade
Depreciation & Amortization	75.68	76.63	87.24	90.96	107.06	Upgrade
Loss (Gain) From Sale of Assets	-0.09	-4.95	-0.27	-0.36	6.44	Upgrade
Asset Writedown & Restructuring Costs	5.5	5.95	5.49	-7.2	0.53	Upgrade
Other Operating Activities	3.15	9.05	-0.12	3.24	-3.77	Upgrade
Change in Accounts Receivable	79.14	2.82	31.79	10.65	12.77	Upgrade
Change in Inventory	-4.35	-0.61	0.03	1.73	1.3	Upgrade
Change in Accounts Payable	-4.16	-14.51	-2.37	0.48	-6.94	Upgrade
Change in Unearned Revenue	1.29	13.84	38.63	20.62	-119.24	Upgrade
Operating Cash Flow	151.09	78.66	139.82	51.31	123.88	Upgrade
Operating Cash Flow Growth	92.09%	-43.74%	172.51%	-58.58%	93.85%	Upgrade
Capital Expenditures	-16.14	-14.58	-14.29	-80.85	-2.23	Upgrade
Sale of Property, Plant & Equipment	0.1	2.7	1.89	-	-	Upgrade
Cash Acquisitions	-	0.03	-	-	-	Upgrade
Divestitures	-	-0.67	-	-	-	Upgrade
Investment in Securities	-8.66	-0.05	-0.13	-0.02	-0.33	Upgrade
Other Investing Activities	-25.8	20.74	-0.64	0.91	-0.29	Upgrade
Investing Cash Flow	-50.5	8.17	-13.17	-79.96	-2.85	Upgrade
Long-Term Debt Repaid	-61.77	-64.68	-75.54	-76.36	-74.33	Upgrade
Net Debt Issued (Repaid)	-61.77	-64.68	-75.54	-76.36	-74.33	Upgrade
Other Financing Activities	-4.47	-5.92	-1.77	-2.1	-3.56	Upgrade
Financing Cash Flow	-66.24	-70.6	-77.31	-78.46	-77.89	Upgrade
Foreign Exchange Rate Adjustments	0.01	-0.15	0.54	0.29	10.95	Upgrade
Net Cash Flow	34.36	16.07	49.87	-106.83	54.09	Upgrade
Free Cash Flow	134.94	64.08	125.52	-29.55	121.65	Upgrade
Free Cash Flow Growth	110.60%	-48.95%	-	-	177.04%	Upgrade
Free Cash Flow Margin	29.59%	14.01%	30.68%	-8.26%	28.06%	Upgrade
Free Cash Flow Per Share	0.15	0.07	0.14	-0.03	0.13	Upgrade
Cash Interest Paid	4.47	5.92	1.77	2.1	3.56	Upgrade
Cash Income Tax Paid	3.63	-2.59	2.46	-0.3	2.39	Upgrade
Levered Free Cash Flow	109.42	90.97	121.49	6.93	44.43	Upgrade
Unlevered Free Cash Flow	112.22	94.67	122.6	8.24	46.66	Upgrade
Change in Working Capital	71.92	1.55	68.09	33.48	-112.11	Upgrade

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