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

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