HKG:0012 Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	5,653	6,296	9,261	9,239	13,195
Depreciation & Amortization	469	491	539	540	505
Loss (Gain) From Sale of Assets	-592	-91	-64	-56	-162
Asset Writedown & Restructuring Costs	-160	1,514	1,700	12	-59
Loss (Gain) From Sale of Investments	-111	28	-1,506	-53	-2,322
Loss (Gain) on Equity Investments	-2,735	-3,098	-5,557	-4,618	-3,820
Provision & Write-off of Bad Debts	11	36	6	2	1
Other Operating Activities	2,028	2,389	1,333	-429	-330
Change in Accounts Receivable	1,147	525	739	3,015	336
Change in Inventory	7,119	5,823	3,915	3,789	-7,934
Change in Accounts Payable	527	-1,067	1,056	273	1,998
Change in Unearned Revenue	-1,753	722	919	-2,192	-2,507
Change in Other Net Operating Assets	722	1,729	2,119	1,609	1,784
Operating Cash Flow	12,325	15,297	14,460	11,131	685
Operating Cash Flow Growth	-19.43%	5.79%	29.91%	1524.96%	-90.31%
Cash Acquisitions	-	-338	112	-	5,176
Divestitures	1,075	2,221	-	-	-
Sale (Purchase) of Real Estate	-3,622	-2,478	-3,999	-2,741	-54,169
Investment in Securities	-10,296	-6,358	-1,643	6,184	-5,491
Other Investing Activities	4,467	5,085	5,546	8,703	4,440
Investing Cash Flow	-8,376	-1,868	16	12,146	-50,044
Short-Term Debt Issued	7,924	122	108	60	115
Long-Term Debt Issued	61,874	62,760	70,280	66,424	119,568
Total Debt Issued	69,798	62,882	70,388	66,484	119,683
Short-Term Debt Repaid	-438	-	-	-	-
Long-Term Debt Repaid	-59,453	-68,103	-60,142	-75,336	-56,804
Total Debt Repaid	-59,891	-68,103	-60,142	-75,336	-56,804
Net Debt Issued (Repaid)	9,907	-5,221	10,246	-8,852	62,879
Common Dividends Paid	-8,715	-8,715	-8,715	-8,715	-8,715
Other Financing Activities	-5,940	-7,263	-6,948	-3,738	-2,113
Financing Cash Flow	-4,748	-21,199	-5,417	-21,305	52,051
Foreign Exchange Rate Adjustments	73	-83	-83	-414	55
Net Cash Flow	-726	-7,853	8,976	1,558	2,747
Cash Interest Paid	5,468	7,024	6,732	3,522	1,874
Cash Income Tax Paid	762	1,424	1,197	2,570	2,263
Levered Free Cash Flow	7,917	14,465	6,467	12,460	4,899
Unlevered Free Cash Flow	9,316	15,878	7,672	12,960	5,046
Change in Working Capital	7,762	7,732	8,748	6,494	-6,323

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