HKG:0071 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	677.46	746.56	977.14	480.1	329.96
Depreciation & Amortization	80.2	76.84	67.21	57.78	66.51
Gain (Loss) on Sale of Assets	0.3	0.53	-0.93	0.2	-18.71
Gain (Loss) on Sale of Investments	-43.14	-42.17	2.85	-0.99	-3.41
Asset Writedown	15.79	76.67	-159.53	23.16	143.75
Income (Loss) on Equity Investments	-0.12	-0.07	-0.18	-0.18	-0.18
Change in Accounts Receivable	-4.17	-2.24	-68.13	-31.72	7.53
Change in Accounts Payable	-12.85	-13.94	111.26	58.88	2.62
Change in Other Net Operating Assets	3.59	4.44	16.95	-18.29	-2.76
Other Operating Activities	16.1	70.9	67.6	2.67	6.89
Operating Cash Flow	620.18	602.64	1,011	593.18	533.69
Operating Cash Flow Growth	2.91%	-40.39%	70.44%	11.15%	93.28%
Acquisition of Real Estate Assets	-80.11	-46.75	-46.95	-86.49	-24.25
Sale of Real Estate Assets	-	190.05	-	0.01	18.93
Net Sale / Acq. of Real Estate Assets	-80.11	143.3	-46.95	-86.48	-5.33
Investment in Marketable & Equity Securities	-832.29	412.46	-1,620	940.32	-1,475
Other Investing Activities	9.65	21.31	19.68	1.93	3.79
Investing Cash Flow	-902.75	577.07	-1,648	855.77	-1,477
Short-Term Debt Repaid	-	-	-	-	-2.86
Long-Term Debt Repaid	-48.29	-49.69	-47.25	-35.91	-48.39
Total Debt Repaid	-48.29	-49.69	-47.25	-35.91	-51.25
Net Debt Issued (Repaid)	-48.29	-49.69	-47.25	-35.91	-51.25
Common Dividends Paid	-366.21	-366.21	-359.3	-324.75	-331.66
Other Financing Activities	-2.51	-2.66	-2.27	-2.14	-2.22
Foreign Exchange Rate Adjustments	21.92	-24.37	-2.05	-12.56	6.56
Net Cash Flow	-677.65	736.78	-1,048	1,074	-1,322
Cash Interest Paid	2.51	2.66	2.27	2.14	2.24
Cash Income Tax Paid	116.95	101.76	59.47	90.65	80.15
Levered Free Cash Flow	550.72	712.62	728.38	465.57	428.24
Unlevered Free Cash Flow	552.29	714.28	729.8	466.91	429.64
Change in Working Capital	-77.08	-309.32	59.18	29.84	8.86

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