HKG:0032 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	723.53	434.51	519.97	-445.25	-49.25
Depreciation & Amortization	116.26	114.47	91.96	74.2	89.31
Loss (Gain) From Sale of Assets	-1.31	-0.93	0.18	-1.34	-0.26
Loss (Gain) From Sale of Investments	-467.55	-243.35	-98.01	776.97	688.01
Loss (Gain) on Equity Investments	-35.34	-13.3	-263.19	-250.99	-548.36
Provision & Write-off of Bad Debts	-	-	-	9.07	7.62
Other Operating Activities	-145.92	-75.14	-380.75	-29.32	-78.8
Change in Accounts Receivable	-6.02	-31.54	13.76	-26.81	19.89
Change in Inventory	0.04	-0.04	0.08	-0.15	-0.19
Change in Accounts Payable	-15.7	14.41	19.11	-9.42	-107.55
Change in Unearned Revenue	-123.64	-138.18	-52.32	46.43	97.18
Change in Other Net Operating Assets	-	-	200.42	-	-
Operating Cash Flow	63.05	64.35	347.11	143.39	117.59
Operating Cash Flow Growth	-2.02%	-81.46%	142.07%	21.94%	-47.91%
Capital Expenditures	-16.18	-16.84	-25.97	-10.06	-26.24
Sale of Property, Plant & Equipment	1.4	0.93	0.53	1.42	0.67
Investment in Securities	-400.47	175.66	-156.58	-1,114	-233.33
Other Investing Activities	216.52	188.4	556.19	695.44	700.51
Investing Cash Flow	-138.74	348.15	374.17	-297.03	441.6
Long-Term Debt Repaid	-102.51	-97.52	-29.06	-23.08	-19.7
Net Debt Issued (Repaid)	-102.51	-97.52	-29.06	-23.08	-19.7
Common Dividends Paid	-157.52	-177.99	-134.04	-156.78	-156.72
Other Financing Activities	-83.27	-113.62	-76.49	-96.68	-52.35
Financing Cash Flow	-343.3	-389.12	-239.59	-276.53	-228.77
Net Cash Flow	-418.99	23.37	481.69	-430.17	330.43
Free Cash Flow	46.87	47.51	321.14	133.33	91.35
Free Cash Flow Growth	-1.34%	-85.21%	140.85%	45.96%	-55.61%
Free Cash Flow Margin	3.36%	3.88%	32.92%	-	-
Free Cash Flow Per Share	0.13	0.13	0.86	0.36	0.24
Cash Interest Paid	14.12	18.91	16.16	1.52	2.67
Cash Income Tax Paid	54.77	41.64	43.22	41.07	42.01
Levered Free Cash Flow	437.78	283.69	396.9	-260.11	-163.96
Unlevered Free Cash Flow	446.61	295.51	407	-259.16	-162.26
Change in Working Capital	-145.31	-155.36	181.04	10.05	9.33

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