Sun Hung Kai & Co. 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	1,593	377.7	-471.4	-1,535	2,814
Depreciation & Amortization	155.9	165.4	195.5	175.7	148.3
Other Amortization	5.7	5.7	5.2	3.1	3.2
Loss (Gain) From Sale of Investments	-1,672	-419.4	736.7	1,869	-2,434
Asset Writedown & Restructuring Costs	207.7	144.2	68.2	34.3	22.7
Provision for Credit Losses	1,283	1,116	763.5	764.7	703.8
Loss (Gain) on Equity Investments	-72.6	-54.2	113.1	27.7	61.5
Stock-Based Compensation	6.9	0.4	5.5	11.9	15.5
Change in Accounts Payable	275.3	-15.5	2.7	-340.1	100.7
Change in Trading Asset Securities	332.6	720.7	-662.7	2,186	-1,852
Change in Other Net Operating Assets	-317.2	-432.5	477	321.9	-1,784
Other Operating Activities	334.3	283.5	409.8	464.3	777
Operating Cash Flow	2,137	1,877	1,648	3,986	-1,423
Operating Cash Flow Growth	13.87%	13.87%	-58.65%	-	-
Capital Expenditures	-55.5	-14.7	-54.5	-58	-63
Sale of Property, Plant & Equipment	-	0.2	3.1	0.3	0.3
Sale (Purchase) of Intangibles	-7.4	18.1	-2.5	-4.9	-10.9
Investment in Securities	-364.5	95.6	703.4	-55.3	-525.8
Other Investing Activities	36.1	141.7	176.8	-3.3	2.8
Investing Cash Flow	-358.5	209.6	871.1	-121.2	-596.6
Long-Term Debt Issued	5,312	3,295	17,492	16,802	23,109
Total Debt Issued	5,312	3,295	17,492	16,802	23,109
Long-Term Debt Repaid	-6,299	-6,683	-18,358	-19,451	-21,580
Total Debt Repaid	-6,299	-6,683	-18,358	-19,451	-21,580
Net Debt Issued (Repaid)	-987.1	-3,387	-865.3	-2,649	1,529
Repurchase of Common Stock	-11.2	-0.5	-9.9	-22.4	-73.9
Common Dividends Paid	-510.9	-510.9	-511.4	-512.9	-515
Other Financing Activities	-184.1	-271.1	-361	-517.6	-385.2
Financing Cash Flow	-1,693	-4,170	-1,748	-3,781	554.6
Foreign Exchange Rate Adjustments	52.4	-51.2	-36.7	-220.8	84.1
Net Cash Flow	137.3	-2,135	734.7	-137.3	-1,381
Free Cash Flow	2,081	1,862	1,593	3,928	-1,486
Free Cash Flow Growth	11.78%	16.84%	-59.43%	-	-
Free Cash Flow Margin	55.84%	76.57%	72.52%	162.39%	-49.49%
Free Cash Flow Per Share	1.06	0.95	0.81	2.00	-0.75
Cash Interest Paid	574.5	858.7	914.5	834.6	685.9
Cash Income Tax Paid	147.5	184.5	137.4	267.1	241.1

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