FRA:M3L Cash Flow Statement

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

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	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
Net Income	17.78	-5.07	-9.57	-20.61	-68.81	125.72
Depreciation & Amortization	74.95	75.68	76.63	87.24	90.96	107.06
Loss (Gain) From Sale of Assets	-0.09	-0.09	-4.95	-0.27	-0.36	6.44
Asset Writedown & Restructuring Costs	5.5	5.5	5.95	5.49	-7.2	0.53
Other Operating Activities	-8.04	3.15	9.05	-0.12	3.24	-3.77
Change in Accounts Receivable	79.14	79.14	2.82	31.79	10.65	12.77
Change in Inventory	-4.35	-4.35	-0.61	0.03	1.73	1.3
Change in Accounts Payable	-4.16	-4.16	-14.51	-2.37	0.48	-6.94
Change in Unearned Revenue	1.29	1.29	13.84	38.63	20.62	-119.24
Operating Cash Flow	162.01	151.09	78.66	139.82	51.31	123.88
Operating Cash Flow Growth	133.67%	92.09%	-43.74%	172.51%	-58.58%	93.85%
Capital Expenditures	-8.31	-16.14	-14.58	-14.29	-80.85	-2.23
Sale of Property, Plant & Equipment	0.1	0.1	2.7	1.89	-	-
Cash Acquisitions	-	-	0.03	-	-	-
Divestitures	-	-	-0.67	-	-	-
Investment in Securities	-14.49	-8.66	-0.05	-0.13	-0.02	-0.33
Other Investing Activities	-31.33	-25.8	20.74	-0.64	0.91	-0.29
Investing Cash Flow	-54.03	-50.5	8.17	-13.17	-79.96	-2.85
Long-Term Debt Repaid	-	-61.77	-64.68	-75.54	-76.36	-74.33
Net Debt Issued (Repaid)	-60.75	-61.77	-64.68	-75.54	-76.36	-74.33
Other Financing Activities	-3.59	-4.47	-5.92	-1.77	-2.1	-3.56
Financing Cash Flow	-64.34	-66.24	-70.6	-77.31	-78.46	-77.89
Foreign Exchange Rate Adjustments	-0.27	0.01	-0.15	0.54	0.29	10.95
Net Cash Flow	43.37	34.36	16.07	49.87	-106.83	54.09
Free Cash Flow	153.7	134.94	64.08	125.52	-29.55	121.65
Free Cash Flow Growth	237.28%	110.60%	-48.95%	-	-	177.04%
Free Cash Flow Margin	33.82%	29.59%	14.01%	30.68%	-8.26%	28.06%
Free Cash Flow Per Share	0.17	0.15	0.07	0.14	-0.03	0.13
Cash Interest Paid	3.6	4.47	5.92	1.77	2.1	3.56
Cash Income Tax Paid	3.36	3.63	-2.59	2.46	-0.3	2.39
Levered Free Cash Flow	111.45	109.42	90.97	121.49	6.93	44.43
Unlevered Free Cash Flow	113.7	112.22	94.67	122.6	8.24	46.66
Change in Working Capital	71.92	71.92	1.55	68.09	33.48	-112.11

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