FRA:RH6B 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	-1,676	-2,598	-1,792	-358.3	-494.4	-885.9	Upgrade
Depreciation & Amortization	598.5	603.3	618.6	623.8	537.1	522.5	Upgrade
Other Amortization	41.3	41.3	41.4	39.8	36.8	32.5	Upgrade
Gain (Loss) on Sale of Assets	-73.6	-73.6	-240	-	-4	-	Upgrade
Gain (Loss) on Sale of Investments	1,084	1,084	921.4	88.7	-83.9	-147.2	Upgrade
Asset Writedown	211.9	211.9	47.5	7.3	0.1	163	Upgrade
Income (Loss) on Equity Investments	417.9	417.9	181.8	-6	-30.1	236.8	Upgrade
Change in Accounts Receivable	17.3	17.3	81.7	-101.8	11.6	-21.8	Upgrade
Change in Other Net Operating Assets	-56.5	-56.5	-5.9	-7.4	174.3	-66.8	Upgrade
Other Operating Activities	-97.9	761.6	621.6	202.8	58.2	-24	Upgrade
Operating Cash Flow	485.9	428.6	556.1	209.5	174.3	1,090	Upgrade
Operating Cash Flow Growth	1.38%	-22.93%	165.44%	20.20%	-84.00%	37.36%	Upgrade
Acquisition of Real Estate Assets	-49.5	-85.4	-61.3	-60.1	-509.3	-847.6	Upgrade
Sale of Real Estate Assets	154.9	502.9	9.4	-	303	80.9	Upgrade
Net Sale / Acq. of Real Estate Assets	105.4	417.5	-51.9	-60.1	-206.3	-766.7	Upgrade
Cash Acquisition	-2.3	-2.3	-	-	-	-	Upgrade
Investment in Marketable & Equity Securities	53.4	144.6	-40.3	-229.2	680	-90.3	Upgrade
Other Investing Activities	23	24.2	88	263.8	169.4	201.5	Upgrade
Investing Cash Flow	179.5	574.2	-112.6	-288.9	696.5	261.4	Upgrade
Short-Term Debt Issued	-	73	-	-	-	-	Upgrade
Long-Term Debt Issued	-	1,328	4,234	5,130	9,824	1,168	Upgrade
Total Debt Issued	661.7	1,401	4,234	5,130	9,824	1,168	Upgrade
Long-Term Debt Repaid	-	-2,020	-3,673	-4,769	-10,567	-961.5	Upgrade
Net Debt Issued (Repaid)	-185.6	-619.2	560.8	361.1	-742.8	206.7	Upgrade
Common Dividends Paid	-	-0.5	-	-	-	-53.9	Upgrade
Other Financing Activities	-658.7	-918.6	-1,447	-719.4	-607.7	-621	Upgrade
Foreign Exchange Rate Adjustments	5	-0.9	0.4	-4.8	13.6	21.8	Upgrade
Net Cash Flow	-173.9	-536.4	-442.1	-442.5	-466.1	904.7	Upgrade
Cash Interest Paid	848.3	957	908.8	417	286.3	379.8	Upgrade
Cash Income Tax Paid	21.1	21.1	20.1	35.1	26.8	90.9	Upgrade
Levered Free Cash Flow	677.6	629.1	-524.44	-194.48	679.08	-427.28	Upgrade
Unlevered Free Cash Flow	1,195	1,214	36.48	52.79	804.4	-283.78	Upgrade
Change in Working Capital	-18.1	-18.1	155.3	-389.7	148.6	1,179	Upgrade

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