HKG:0191 Cash Flow Statement

Financials in millions HKD. Fiscal year is August - July.

Millions HKD. Fiscal year is Aug - Jul.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Net Income	-1,676	-2,168	-1,665	-1,196	-1,268
Depreciation & Amortization	587.8	736.21	792.43	899.36	914.61
Other Amortization	8.5	70.8	40.05	17.93	204.91
Gain (Loss) on Sale of Assets	-115.14	12.64	-0.97	43.08	4.5
Gain (Loss) on Sale of Investments	4.66	19.29	14.77	243.03	-114.32
Asset Writedown	543.84	1,403	1,108	421.59	721.03
Stock-Based Compensation	-	-	-	11.17	1.68
Income (Loss) on Equity Investments	1,125	784.63	12.99	37.05	453.22
Change in Accounts Receivable	59.41	-56.31	28.51	-73.06	-72.48
Change in Other Net Operating Assets	580.05	-729.67	239.23	-911.63	379.12
Other Operating Activities	-1,222	-1,604	-1,478	-1,250	-1,582
Operating Cash Flow	292.7	-758.36	-420.56	-4,326	1,201
Acquisition of Real Estate Assets	-226.97	-544.47	-496.63	-927.33	-987.64
Sale of Real Estate Assets	53.74	25.45	2.74	0.31	2.24
Net Sale / Acq. of Real Estate Assets	-173.23	-519.02	-493.89	-927.02	-985.4
Investment in Marketable & Equity Securities	-521.85	1,270	65.18	44.2	-830.61
Other Investing Activities	768.63	145.44	1,093	2,479	-2,842
Investing Cash Flow	286.81	896.45	664.56	1,596	-4,658
Short-Term Debt Issued	-	21.56	4.32	-	-
Long-Term Debt Issued	3,594	10,134	9,478	6,213	14,382
Total Debt Issued	3,594	10,156	9,483	6,213	14,382
Short-Term Debt Repaid	-	-	-	-2.12	-2.1
Long-Term Debt Repaid	-3,914	-11,015	-11,781	-4,821	-10,416
Total Debt Repaid	-3,914	-11,015	-11,781	-4,823	-10,418
Net Debt Issued (Repaid)	-320.01	-858.7	-2,299	1,390	3,963
Issuance of Common Stock	-	-	447.08	-	3,077
Other Financing Activities	-74.47	-133.88	-28.08	-1,868	858.21
Foreign Exchange Rate Adjustments	14.41	-27.44	-103.3	-82.91	109.63
Net Cash Flow	199.44	-881.93	-1,739	-3,291	4,551
Cash Interest Paid	1,392	1,732	1,490	1,036	809.05
Cash Income Tax Paid	164.79	144.18	463.41	544.32	336.41
Levered Free Cash Flow	-66	-1,214	2,226	-2,744	678.3
Unlevered Free Cash Flow	609.24	-413.43	2,903	-2,233	1,125
Change in Working Capital	1,033	-14.46	756.69	-3,612	1,833

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.