HKG:0003 Cash Flow Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	5,712	9,174	5,359	5,128
Depreciation & Amortization	3,568	3,549	3,525	3,289
Loss (Gain) on Sale of Assets	-147.1	-3,910	245.7	-7.6
Loss (Gain) on Sale of Investments	-26.4	982.1	182.7	51
Loss (Gain) on Equity Investments	-2,080	-2,927	-1,067	-2,533
Asset Writedown	212.8	3,233	95	1,510
Stock-Based Compensation	-	48.9	-13.5	36.5
Change in Accounts Receivable	-1,725	273	-2,153	-161.7
Change in Inventory	-116.8	147.8	-401.3	-385.9
Change in Accounts Payable	1,090	315.5	1,227	985.5
Change in Other Net Operating Assets	9	48.6	38.9	107.4
Other Operating Activities	2,429	-61	2,531	2,411
Operating Cash Flow	9,000	10,932	9,645	10,470
Operating Cash Flow Growth	-17.67%	13.34%	-7.88%	5.64%
Capital Expenditures	-6,436	-8,360	-7,725	-7,274
Sale of Property, Plant & Equipment	107.8	73.8	61.1	93.2
Cash Acquisitions	-207.6	-299.5	-178.7	-128.5
Divestitures	901.2	-2,073	-	-
Sale (Purchase) of Intangibles	-	-	-13.4	-25.2
Investment in Securities	223	5,045	-361.3	-6,316
Other Investing Activities	3,104	3,118	1,457	728
Investing Cash Flow	-2,307	-2,495	-6,760	-12,922
Long-Term Debt Issued	37,171	30,466	31,243	29,749
Short-Term Debt Repaid	-2,344	-	-	-
Long-Term Debt Repaid	-34,581	-33,629	-25,519	-17,001
Total Debt Repaid	-36,924	-33,629	-25,519	-17,001
Net Debt Issued (Repaid)	246.7	-3,163	5,724	12,748
Common Dividends Paid	-6,531	-6,531	-6,531	-6,327
Other Financing Activities	-2,921	-2,754	1,161	-1,027
Financing Cash Flow	-9,206	-12,448	354.2	5,395
Foreign Exchange Rate Adjustments	-188	-257.5	-554.4	159.5
Net Cash Flow	-2,701	-4,269	2,684	3,102
Free Cash Flow	2,565	2,572	1,920	3,196
Free Cash Flow Growth	-0.28%	33.96%	-39.92%	18.70%
Free Cash Flow Margin	4.62%	4.52%	3.15%	5.97%
Free Cash Flow Per Share	0.14	0.14	0.10	0.17
Cash Interest Paid	2,314	2,116	1,760	1,768
Cash Income Tax Paid	2,237	1,756	1,260	2,198
Levered Free Cash Flow	-103.4	-3,018	2,045	603.19
Unlevered Free Cash Flow	1,307	-1,633	3,155	1,483
Change in Working Capital	-742.8	784.9	-1,288	545.3

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.