HKG:0215 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	-25	6	-52	-158	4
Depreciation & Amortization	1,452	1,326	1,295	1,290	1,143
Other Amortization	-	165	186	166	157
Loss (Gain) From Sale of Assets	-	2	1	-	-
Loss (Gain) on Equity Investments	-	4	4	4	4
Other Operating Activities	-216	-208	-228	-149	-87
Change in Accounts Receivable	-	127	-50	-49	136
Change in Inventory	-	-65	-3	-4	-4
Change in Accounts Payable	-	-277	-27	13	2,012
Change in Other Net Operating Assets	-	1	1	16	11
Operating Cash Flow	1,211	1,081	1,127	1,129	3,376
Operating Cash Flow Growth	12.03%	-4.08%	-0.18%	-66.56%	160.29%
Capital Expenditures	-440	-434	-481	-496	-874
Sale of Property, Plant & Equipment	2	1	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-138	-2,040
Investment in Securities	-2,642	1,263	-1,161	1,948	-2,561
Other Investing Activities	71	106	99	-7	-25
Investing Cash Flow	-3,009	936	-1,543	1,307	-5,500
Long-Term Debt Repaid	-404	-398	-400	-402	-398
Total Debt Repaid	-404	-398	-400	-402	-398
Net Debt Issued (Repaid)	-404	-398	-400	-402	-398
Common Dividends Paid	-361	-361	-361	-361	-361
Financing Cash Flow	-765	-759	-761	-763	-1,713
Net Cash Flow	-2,563	1,258	-1,177	1,673	-3,837
Free Cash Flow	771	647	646	633	2,502
Free Cash Flow Growth	19.16%	0.15%	2.05%	-74.70%	255.40%
Free Cash Flow Margin	14.15%	13.53%	13.19%	12.97%	46.46%
Free Cash Flow Per Share	0.16	0.13	0.13	0.13	0.52
Cash Interest Paid	29	29	23	19	22
Cash Income Tax Paid	-	5	2	-	-
Levered Free Cash Flow	950.5	876.5	850.63	540.5	-1,227
Unlevered Free Cash Flow	993.63	922.75	895	583	-1,200
Change in Working Capital	-	-214	-79	-24	2,155

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