Lippo China Resources 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	-683.7	-146.42	-277.89	48.67
Depreciation & Amortization	134.28	133.24	124.21	114.91
Loss (Gain) From Sale of Assets	11.95	3.1	0.1	-10.25
Asset Writedown & Restructuring Costs	117.1	25.68	22.21	8.99
Loss (Gain) From Sale of Investments	63.3	-19.38	104.44	-230.56
Loss (Gain) on Equity Investments	-41.35	4.11	-39.55	-49.82
Other Operating Activities	423.27	19.7	-2.08	16.36
Change in Accounts Receivable	25.62	-62.14	8.23	66.13
Change in Inventory	-2.96	0.07	-8.27	-5.69
Change in Accounts Payable	-23.52	-1.88	-19.84	2.99
Change in Other Net Operating Assets	-7.83	-0.14	-12.03	-1.93
Operating Cash Flow	196.61	-38.46	6.57	95.11
Operating Cash Flow Growth	-	-	-93.09%	-
Capital Expenditures	-30.73	-46.62	-37.43	-39.7
Sale of Property, Plant & Equipment	-	0.03	0.01	2.37
Divestitures	0.96	-	-	-0.04
Sale (Purchase) of Real Estate	-0.82	-	-	-
Investment in Securities	-1.83	14.89	150.57	-68.69
Other Investing Activities	-374.01	20.53	35.62	26.4
Investing Cash Flow	-406.44	-11.17	148.78	-79.67
Short-Term Debt Issued	-	27.68	13.82	35.43
Long-Term Debt Issued	799.44	184.79	377.68	195
Total Debt Issued	799.44	212.47	391.5	230.43
Long-Term Debt Repaid	-545.18	-461.41	-557.9	-429.61
Total Debt Repaid	-545.18	-461.41	-557.9	-429.61
Net Debt Issued (Repaid)	254.26	-248.93	-166.41	-199.18
Common Dividends Paid	-	-	-73.5	-50.53
Other Financing Activities	-57.48	-53.46	-39.14	20.84
Financing Cash Flow	196.79	-302.39	-279.04	-228.87
Foreign Exchange Rate Adjustments	-5.37	0.86	-6.87	2.24
Net Cash Flow	-18.42	-351.16	-130.56	-211.19
Free Cash Flow	165.88	-85.08	-30.86	55.4
Free Cash Flow Margin	21.39%	-11.51%	-5.08%	8.54%
Free Cash Flow Per Share	0.18	-0.09	-0.03	0.06
Cash Interest Paid	57.48	53.46	39.14	34.12
Cash Income Tax Paid	4.22	1.48	2.17	5.07
Levered Free Cash Flow	-21.24	-66.56	-101.88	-21.52
Unlevered Free Cash Flow	14.19	-33.88	-76.89	-2.62
Change in Working Capital	173.17	-60.29	74.99	197.26

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