HKG:0078 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	-1,201	-2,598	-1,792	-358.3	-494.4
Depreciation & Amortization	592.1	603.3	618.6	623.8	537.1
Other Amortization	42.6	41.3	41.4	39.8	36.8
Gain (Loss) on Sale of Assets	11.9	-73.6	-240	-	-4
Gain (Loss) on Sale of Investments	11.9	1,084	921.4	88.7	-83.9
Asset Writedown	157.9	211.9	47.5	7.3	0.1
Income (Loss) on Equity Investments	280.8	417.9	181.8	-6	-30.1
Change in Accounts Receivable	34.6	17.3	81.7	-101.8	11.6
Change in Other Net Operating Assets	87.6	-56.5	-5.9	-7.4	174.3
Other Operating Activities	575.3	761.6	621.6	202.8	58.2
Operating Cash Flow	1,360	428.6	556.1	209.5	174.3
Operating Cash Flow Growth	217.20%	-22.93%	165.44%	20.20%	-84.00%
Acquisition of Real Estate Assets	-61.8	-85.4	-61.3	-60.1	-509.3
Sale of Real Estate Assets	141.3	502.9	9.4	-	303
Net Sale / Acq. of Real Estate Assets	79.5	417.5	-51.9	-60.1	-206.3
Cash Acquisition	-	-2.3	-	-	-
Investment in Marketable & Equity Securities	-26.9	144.6	-40.3	-229.2	680
Other Investing Activities	76.5	24.2	88	263.8	169.4
Investing Cash Flow	333.1	574.2	-112.6	-288.9	696.5
Short-Term Debt Issued	25	73	-	-	-
Long-Term Debt Issued	675.8	1,328	4,234	5,130	9,824
Total Debt Issued	700.8	1,401	4,234	5,130	9,824
Short-Term Debt Repaid	-73	-	-	-	-
Long-Term Debt Repaid	-1,814	-2,020	-3,673	-4,769	-10,567
Total Debt Repaid	-1,887	-2,020	-3,673	-4,769	-10,567
Net Debt Issued (Repaid)	-1,186	-619.2	560.8	361.1	-742.8
Common Dividends Paid	-	-0.5	-	-	-
Other Financing Activities	-747.9	-918.6	-1,447	-719.4	-607.7
Foreign Exchange Rate Adjustments	-4.8	-0.9	0.4	-4.8	13.6
Net Cash Flow	-246.3	-536.4	-442.1	-442.5	-466.1
Cash Interest Paid	722.6	957	908.8	417	286.3
Cash Income Tax Paid	30.7	21.1	20.1	35.1	26.8
Levered Free Cash Flow	890.68	629.1	-524.44	-194.48	679.08
Unlevered Free Cash Flow	1,317	1,214	36.48	52.79	804.4
Change in Working Capital	887.6	-18.1	155.3	-389.7	148.6

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