Kingboard Holdings 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	1,630	2,063	3,655	10,778
Depreciation & Amortization	1,994	1,989	1,891	1,946
Loss (Gain) From Sale of Assets	17.24	30.48	127.41	-26.38
Asset Writedown & Restructuring Costs	335.48	666.47	147.56	-14.39
Loss (Gain) From Sale of Investments	741.05	-338.57	1,687	-327.12
Loss (Gain) on Equity Investments	-123.76	-176	-263.13	-261.7
Stock-Based Compensation	-	124.01	125.3	-
Provision & Write-off of Bad Debts	-152.02	-45.98	32.75	93.14
Other Operating Activities	1,417	578.2	1,117	2,437
Change in Accounts Receivable	-767.65	148.02	2,566	-2,928
Change in Inventory	446.47	50.14	520.84	-2,342
Change in Accounts Payable	-49.15	-270.22	-25.6	1,438
Change in Unearned Revenue	-375.81	-899.6	-2,326	1,309
Change in Other Net Operating Assets	-306.81	-95.92	1,434	-960.51
Operating Cash Flow	5,762	5,311	10,585	9,500
Operating Cash Flow Growth	8.49%	-49.83%	11.42%	0.00%
Capital Expenditures	-4,073	-4,020	-5,043	-3,772
Sale of Property, Plant & Equipment	82.18	340.12	108.3	65.23
Cash Acquisitions	-	-	-2,797	-
Divestitures	-	-	-	-43.16
Sale (Purchase) of Real Estate	-	140.46	42.16	-
Investment in Securities	2,313	-5,474	2,048	-1,138
Other Investing Activities	101.08	412.62	240.76	78.18
Investing Cash Flow	-1,512	-8,241	-5,331	-6,012
Long-Term Debt Issued	19,019	20,780	17,727	16,539
Total Debt Issued	19,019	20,780	17,727	16,539
Long-Term Debt Repaid	-20,202	-17,582	-16,385	-15,397
Net Debt Issued (Repaid)	-1,183	3,197	1,341	1,142
Issuance of Common Stock	-	0.35	-	51.91
Repurchase of Common Stock	-	-11.93	-	-
Common Dividends Paid	-1,081	-1,164	-3,326	-1,417
Other Financing Activities	-1,297	-1,399	-1,782	-3,335
Financing Cash Flow	-3,561	622.28	-3,767	-4,666
Foreign Exchange Rate Adjustments	-882.04	-296.71	-305.49	121.59
Net Cash Flow	-194	-2,605	1,181	-1,057
Free Cash Flow	1,688	1,291	5,542	5,728
Free Cash Flow Growth	30.75%	-76.70%	-3.25%	-27.32%
Free Cash Flow Margin	3.92%	3.25%	11.22%	10.09%
Free Cash Flow Per Share	1.52	1.17	5.00	5.17
Cash Interest Paid	1,117	1,111	526.9	312.5
Cash Income Tax Paid	392.58	702.58	2,358	2,645
Levered Free Cash Flow	2,680	1,518	4,163	5,022
Unlevered Free Cash Flow	3,377	2,221	4,478	5,194
Change in Working Capital	-819.62	-474	2,064	-5,125

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.