FRA:RHGN 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	5.37	7.83	7.35	6.84	6.4	489.6
Depreciation & Amortization	21.27	22.74	21.43	18.49	17	16.63
Gain (Loss) on Sale of Assets	-35.6	-35.6	0.13	-0.54	5.47	0.24
Gain (Loss) on Sale of Investments	0.01	0.01	-0.31	-0.31	27.71	0.01
Asset Writedown	14.12	14.12	67.5	4.65	53.48	14.2
Stock-Based Compensation	2.98	2.98	3.84	4.65	1.14	-
Income (Loss) on Equity Investments	-0.38	-0.38	-	-	-	-
Change in Accounts Receivable	0.52	0.52	0.75	-1.21	7.79	-7.22
Change in Accounts Payable	-17.85	-17.85	-31	-41.76	-	-
Change in Other Net Operating Assets	-29.62	-29.62	13.6	-44.53	30.8	42.07
Other Operating Activities	62.8	71.43	39.82	76.34	149.96	-406.93
Operating Cash Flow	70.8	83.35	161.47	64.08	160.22	321.69
Operating Cash Flow Growth	-9.14%	-48.38%	152.00%	-60.01%	-50.20%	30.78%
Acquisition of Real Estate Assets	-30.66	-30.7	-29.82	-35.48	-70.86	-29.48
Sale of Real Estate Assets	6.76	6.65	0.11	22.1	16.21	0.2
Net Sale / Acq. of Real Estate Assets	-23.9	-24.05	-29.71	-13.38	-54.65	-29.27
Cash Acquisition	-20.43	-	-	-0.18	-	-
Investment in Marketable & Equity Securities	-52.94	-52.94	-	-	-28.13	-
Other Investing Activities	-30.39	-23.84	-	-	-22.87	7.98
Investing Cash Flow	-67.82	100.97	-30.9	-11.07	-105.66	-21.29
Long-Term Debt Issued	-	203.85	305.33	1,172	531.98	333.55
Total Debt Issued	350.63	203.85	305.33	1,172	531.98	333.55
Long-Term Debt Repaid	-	-378.55	-382.87	-1,219	-464.41	-471.68
Total Debt Repaid	-375.1	-378.55	-382.87	-1,219	-464.41	-471.68
Net Debt Issued (Repaid)	-24.47	-174.7	-77.54	-46.79	67.57	-138.13
Other Financing Activities	-114.13	-89.31	-116.47	-98.84	-111.4	-104.91
Foreign Exchange Rate Adjustments	-2.47	-5.91	-5.56	-35.26	4.92	27.71
Net Cash Flow	-138.09	-85.6	-69	-127.89	15.65	85.08
Cash Interest Paid	65.35	79.72	99.36	93.54	98.54	104.91
Cash Income Tax Paid	39	47.69	34.03	48.99	72.86	57.14
Levered Free Cash Flow	291.73	154.58	-12.82	-5.64	-41.85	-33.86
Unlevered Free Cash Flow	344.2	211.81	56.91	68.39	40.63	64.32
Change in Working Capital	-16.35	-16.35	22.16	-49.44	-103.47	164.98

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