HKG:0201 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	-44.78	-32.91	592.8	65.52
Depreciation & Amortization	138.36	97.17	75.81	78.19
Loss (Gain) From Sale of Assets	0.91	0.27	-521.52	-0.71
Asset Writedown & Restructuring Costs	11	-22.92	32	-62.3
Loss (Gain) From Sale of Investments	-	-	-	0.07
Other Operating Activities	9.06	71.48	27.55	3.08
Change in Accounts Receivable	6.82	-2.35	-8.69	-0.2
Change in Inventory	0.25	-0.29	-0.1	-0.02
Change in Accounts Payable	6.42	-8.49	13.39	4.06
Change in Unearned Revenue	1.25	1.04	-20.71	8.43
Change in Other Net Operating Assets	-3.58	-9.78	-1.56	4.88
Operating Cash Flow	125.7	93.24	188.97	101.01
Operating Cash Flow Growth	34.82%	-50.66%	87.09%	99.92%
Capital Expenditures	-18.63	-29.92	-7.82	-10.03
Sale of Property, Plant & Equipment	0.01	0.05	0.14	2.05
Cash Acquisitions	-	-	-520.45	-
Investment in Securities	-	-	12.58	-12.52
Other Investing Activities	4.02	7.6	10.14	0.56
Investing Cash Flow	-14.6	-22.28	-505.41	-19.94
Short-Term Debt Issued	2.4	-	406.02	51.77
Long-Term Debt Issued	168	98.25	1,226	25
Total Debt Issued	170.4	98.25	1,632	76.77
Short-Term Debt Repaid	-216.52	-99.27	-	-
Long-Term Debt Repaid	-148.02	-21.77	-1,269	-61.25
Total Debt Repaid	-364.54	-121.04	-1,269	-61.25
Net Debt Issued (Repaid)	-194.14	-22.8	363.4	15.52
Other Financing Activities	-21.22	-14.26	-8.07	9.96
Financing Cash Flow	-215.36	-37.05	355.33	25.48
Foreign Exchange Rate Adjustments	-1.85	9.43	-20.83	-2.02
Net Cash Flow	-106.11	43.34	18.07	104.53
Free Cash Flow	107.08	63.31	181.15	90.98
Free Cash Flow Growth	69.13%	-65.05%	99.12%	547.37%
Free Cash Flow Margin	20.37%	14.01%	41.22%	27.87%
Free Cash Flow Per Share	0.01	0.01	0.02	0.01
Cash Interest Paid	21.22	14.26	8.07	3.1
Cash Income Tax Paid	41.61	26.51	8.47	11.21
Levered Free Cash Flow	84.3	55.08	149.13	91.8
Unlevered Free Cash Flow	112.43	82.45	163.57	95.87
Change in Working Capital	11.16	-19.86	-17.66	17.16

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