Tai Cheung Holdings Cash Flow Statement

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Net Income	52	62.8	74.9	-20	2.9	-28.2	Upgrade
Depreciation & Amortization	10.8	10.7	10.7	12	14.1	14	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-	-	0.1	Upgrade
Loss (Gain) From Sale of Investments	-21.3	-21.3	8.7	19.7	15.4	1.1	Upgrade
Loss (Gain) on Equity Investments	-52.7	-52.7	-56.1	-10	-19.4	-9.5	Upgrade
Other Operating Activities	-83	-45.8	-61.4	-46.2	-60.3	-23.3	Upgrade
Change in Accounts Receivable	-16	-16	-5.5	-6.6	0.3	2.7	Upgrade
Change in Inventory	-281.6	-281.6	-90.4	-84.6	-70.2	-1,293	Upgrade
Change in Accounts Payable	64.4	64.4	41.1	-10.9	16.9	-41.8	Upgrade
Change in Other Net Operating Assets	-11	-11	-23.4	-5.2	-10	1.6	Upgrade
Operating Cash Flow	-338.4	-290.5	-101.4	-151.8	-110.3	-1,376	Upgrade
Capital Expenditures	-2.3	-1.8	-0.5	-0.3	-0.3	-0.9	Upgrade
Investment in Securities	-	24.6	84	-70.1	-14	-	Upgrade
Other Investing Activities	85	71.2	60.3	35.2	9.4	52	Upgrade
Investing Cash Flow	82.7	94	143.8	-35.2	-4.9	51.2	Upgrade
Long-Term Debt Issued	-	52.4	23.2	4.5	59.7	-	Upgrade
Long-Term Debt Repaid	-	-11.1	-98.4	-19.4	-124.5	-89	Upgrade
Net Debt Issued (Repaid)	3.5	41.3	-75.2	-14.9	-64.8	-89	Upgrade
Common Dividends Paid	-148.2	-148.2	-148.2	-148.2	-148.2	-148.2	Upgrade
Financing Cash Flow	-144.7	-106.9	-223.4	-163.1	-213	-237.2	Upgrade
Foreign Exchange Rate Adjustments	-	-	-	-	0.1	-	Upgrade
Net Cash Flow	-400.4	-303.4	-181	-350.1	-328.1	-1,562	Upgrade
Free Cash Flow	-340.7	-292.3	-101.9	-152.1	-110.6	-1,377	Upgrade
Free Cash Flow Margin	-790.49%	-811.94%	-83.73%	-229.41%	-83.85%	-1865.99%	Upgrade
Free Cash Flow Per Share	-0.55	-0.47	-0.17	-0.25	-0.18	-2.23	Upgrade
Cash Interest Paid	6	4.9	2.9	8.7	5.8	9.9	Upgrade
Cash Income Tax Paid	1.1	1	0.5	0.4	0.1	-6.4	Upgrade
Levered Free Cash Flow	-328.41	-232.81	-94.69	-109.95	-106.13	-1,326	Upgrade
Unlevered Free Cash Flow	-328.1	-232.44	-94.06	-108.95	-104.19	-1,320	Upgrade
Change in Working Capital	-244.2	-244.2	-78.2	-107.3	-63	-1,330	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.