Guangdong Land Holdings 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	-590.25	-1,383	-2,445	392.69	1,402
Depreciation & Amortization	21.57	29.58	23.4	9.49	11.46
Loss (Gain) From Sale of Assets	2.29	-0.7	0.58	0.25	1.39
Asset Writedown & Restructuring Costs	520.82	44.94	-230.12	-762.82	-405.58
Other Operating Activities	1,569	-1,277	1,027	-640.37	352.02
Change in Accounts Receivable	396.34	400.51	-	-	-
Change in Inventory	4,976	5,004	851.86	-3,286	-21,861
Change in Accounts Payable	-7.46	-112.63	10.96	-142.9	212.96
Change in Unearned Revenue	-3,599	73.19	4,031	3,646	116.81
Change in Other Net Operating Assets	-219.24	-842.22	337.2	-5,877	10,526
Operating Cash Flow	3,070	1,936	3,607	-6,661	-9,643
Operating Cash Flow Growth	58.59%	-46.33%	-	-	-
Capital Expenditures	-2.72	-6.04	-41.12	-24.74	-23.7
Sale of Property, Plant & Equipment	-	0	-	-	-
Cash Acquisitions	-	-	-	-707.82	-583.66
Sale (Purchase) of Real Estate	25.41	-	-448.06	-708.24	-915.13
Investment in Securities	-	-	-	-37.65	-
Investing Cash Flow	22.69	-6.04	-489.18	-1,478	-1,522
Long-Term Debt Issued	1,084	11,667	11,171	16,048	12,208
Total Debt Issued	1,084	11,667	11,171	16,048	12,208
Long-Term Debt Repaid	-3,736	-14,646	-13,393	-7,385	-1,245
Total Debt Repaid	-3,736	-14,646	-13,393	-7,385	-1,245
Net Debt Issued (Repaid)	-2,651	-2,978	-2,223	8,664	10,963
Common Dividends Paid	-	-	-188.27	-222.5	-26.19
Other Financing Activities	1,353	-1,663	790.56	-	-
Financing Cash Flow	-1,299	-4,642	-1,620	8,441	10,937
Foreign Exchange Rate Adjustments	47.37	-47.33	-74.4	-228.56	170.43
Net Cash Flow	1,842	-2,759	1,423	72.54	-58.93
Free Cash Flow	3,068	1,930	3,566	-6,686	-9,667
Free Cash Flow Growth	58.95%	-45.88%	-	-	-
Free Cash Flow Margin	35.79%	28.55%	91.96%	-485.32%	-160.95%
Free Cash Flow Per Share	1.79	1.13	2.08	-3.91	-5.65
Cash Interest Paid	549.28	1,729	1,074	761.79	332.78
Cash Income Tax Paid	423.98	1,243	576.34	373.37	976.75
Levered Free Cash Flow	4,507	1,082	4,840	-5,285	-10,611
Unlevered Free Cash Flow	4,769	1,324	5,032	-5,156	-10,536
Change in Working Capital	1,547	4,522	5,231	-5,661	-11,005

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