Herald Holdings Cash Flow Statement

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

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	32.88	-14.39	82.33	-61.15
Depreciation & Amortization	24.2	33.65	46.45	30.84
Loss (Gain) From Sale of Assets	-0.39	-0.6	-25.65	-0.34
Asset Writedown & Restructuring Costs	10.98	7.47	-1.76	-4.2
Loss (Gain) From Sale of Investments	-14.17	5.52	6.95	6.6
Other Operating Activities	-8.71	-11.24	31.83	2.96
Change in Accounts Receivable	-4.57	38.32	-3.68	14.48
Change in Inventory	4.35	58.98	66.39	-111.71
Change in Accounts Payable	30.31	0.01	-52.71	45.1
Change in Other Net Operating Assets	0.97	0.6	0.1	-0.08
Operating Cash Flow	75.84	118.32	150.24	-77.51
Operating Cash Flow Growth	-35.91%	-21.25%	-	-
Capital Expenditures	-3.28	-1.52	-4.02	-16.16
Sale of Property, Plant & Equipment	1.19	0.98	23.89	3.63
Investment in Securities	0	-	0.01	-2.11
Other Investing Activities	4.72	2.06	2.63	3.88
Investing Cash Flow	2.64	1.53	22.52	-10.75
Short-Term Debt Issued	-	-	24	82
Total Debt Issued	-	-	24	82
Short-Term Debt Repaid	-	-10	-68.03	-29.09
Long-Term Debt Repaid	-3.92	-6.21	-5.78	-5.56
Total Debt Repaid	-3.92	-16.21	-73.81	-34.65
Net Debt Issued (Repaid)	-3.92	-16.21	-49.81	47.35
Common Dividends Paid	-36.27	-36.27	-36.27	-36.27
Other Financing Activities	-0.2	-1.12	-3.08	-2.13
Financing Cash Flow	-40.39	-53.6	-89.16	8.96
Foreign Exchange Rate Adjustments	0.1	-1.61	-3.03	0.47
Net Cash Flow	38.19	64.64	80.57	-78.84
Free Cash Flow	72.56	116.8	146.22	-93.67
Free Cash Flow Growth	-37.88%	-20.12%	-	-
Free Cash Flow Margin	10.31%	16.42%	11.58%	-7.97%
Free Cash Flow Per Share	0.12	0.19	0.24	-0.15
Cash Interest Paid	0.2	1.12	3.08	2.13
Cash Income Tax Paid	-	-	-1.57	-1.46
Levered Free Cash Flow	42.85	105.45	121.81	-77.99
Unlevered Free Cash Flow	42.98	106.14	123.74	-76.64
Change in Working Capital	31.05	97.91	10.1	-52.22