HKG:0036 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	-73.38	-343.49	-72.85	-68.8	-240.66
Depreciation & Amortization	0.37	0.44	0.39	0.46	0.49
Gain (Loss) on Sale of Assets	-	-	-	-0.02	-0.02
Gain (Loss) on Sale of Investments	-1.02	4.32	-3.18	1.35	2.23
Asset Writedown	86.6	576.15	86.3	79.7	55
Change in Accounts Receivable	-0.18	-0.22	1.22	-1.58	-5.79
Change in Accounts Payable	-0.2	1.05	0.39	1.88	-16.17
Other Operating Activities	-4.88	-229.82	-7.27	-18.54	0.08
Operating Cash Flow	7.31	8.43	5.18	-2.13	-6.19
Operating Cash Flow Growth	-13.35%	62.83%	-	-	-
Acquisition of Real Estate Assets	-0.23	-0.4	-	-	-0.33
Sale of Real Estate Assets	-	-	-	-	0.02
Net Sale / Acq. of Real Estate Assets	-0.23	-0.4	-	-	-0.31
Investment in Marketable & Equity Securities	-	0	0.03	12.46	61.07
Other Investing Activities	0.18	0	0.05	0.09	0.2
Investing Cash Flow	-0.05	-0.4	0.08	12.59	60.96
Short-Term Debt Issued	25.92	16.51	17.98	15.47	12.1
Long-Term Debt Issued	-	24.19	27.2	-	-
Total Debt Issued	25.92	40.7	45.18	15.47	12.1
Short-Term Debt Repaid	-43.4	-20.53	-20.53	-20.53	-20.53
Long-Term Debt Repaid	-38.47	-0.03	-4	-	-34.5
Total Debt Repaid	-81.86	-20.56	-24.53	-20.53	-55.03
Net Debt Issued (Repaid)	-55.94	20.14	20.66	-5.06	-42.93
Issuance of Common Stock	71.3	-	-	-	-
Other Financing Activities	-18.3	-29.22	-25	-15.12	-15.95
Net Cash Flow	4.33	-1.04	0.91	-9.72	-4.1
Cash Interest Paid	18.3	29.22	25	15.12	15.95
Cash Income Tax Paid	0.08	0.13	-1.26	-	1.69
Levered Free Cash Flow	-58.65	-6.03	-4.73	-7.54	-9.04
Unlevered Free Cash Flow	-34.96	23.73	20.77	5.27	0.93
Change in Working Capital	-0.38	0.83	1.62	3.72	176.69

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