HKG:0120 Cash Flow Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-453.1	-372.3	4	33.6
Depreciation & Amortization	0.9	1.3	1.4	2.2
Loss (Gain) From Sale of Assets	145.9	109.9	5.6	-
Asset Writedown & Restructuring Costs	3.6	1.9	46.2	192.1
Loss (Gain) From Sale of Investments	-4.2	19.1	1.5	-1.5
Provision & Write-off of Bad Debts	-	-	-	0.6
Other Operating Activities	220.6	70.7	191.2	303.2
Change in Inventory	176.4	-201.3	366.8	517
Change in Accounts Payable	-23.7	0.7	-61.6	65.2
Change in Unearned Revenue	-282.7	-9.6	-940.2	-1,202
Change in Other Net Operating Assets	-126.3	-70.3	63.4	-27.1
Operating Cash Flow	-238.3	-449.9	-443.8	-39.4
Capital Expenditures	-	-	-0.1	-0.4
Sale of Property, Plant & Equipment	16.1	-	-	-
Sale (Purchase) of Real Estate	6	12.7	16.2	-
Other Investing Activities	1	-0.4	1.2	2.6
Investing Cash Flow	23.1	12.1	17.3	0.4
Long-Term Debt Issued	16.4	731.2	449.3	431.7
Total Debt Issued	16.4	731.2	449.3	431.7
Long-Term Debt Repaid	-6.8	-311.7	-33.5	-489.2
Total Debt Repaid	-6.8	-311.7	-33.5	-489.2
Net Debt Issued (Repaid)	9.6	419.5	415.8	-57.5
Other Financing Activities	204.4	-10	-30.9	-39.2
Financing Cash Flow	214	409.5	384.9	-96.7
Foreign Exchange Rate Adjustments	-2.2	-11.5	-12.7	3.9
Net Cash Flow	-3.4	-39.8	-54.3	-131.8
Free Cash Flow	-238.3	-449.9	-443.9	-39.8
Free Cash Flow Margin	-64.60%	-582.02%	-43.70%	-2.43%
Free Cash Flow Per Share	-0.16	-0.39	-0.40	-0.02
Cash Interest Paid	69.8	49.2	30.9	39.2
Cash Income Tax Paid	60.2	119.2	6.5	25.4
Levered Free Cash Flow	-59.64	-129.24	-188.64	-52.33
Unlevered Free Cash Flow	-9.2	-79.05	-153.39	-18.58
Change in Working Capital	-152	-280.5	-693.7	-569.6

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