Tsim Sha Tsui Properties Cash Flow Statement

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

Millions HKD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	2,331	2,508	3,287	3,159	5,305
Depreciation & Amortization	158	160	198	181.08	186.43
Gain (Loss) on Sale of Assets	-	-	-	-4.08	-17.74
Gain (Loss) on Sale of Investments	-10	9	-5	-29.52	-2.96
Asset Writedown	674	193	-176	683.17	554.25
Income (Loss) on Equity Investments	-32	-639	-927	-327.41	-391.25
Change in Accounts Receivable	-86	8	100	230.74	-88.68
Change in Accounts Payable	-296	-297	-275	217.14	139.86
Change in Other Net Operating Assets	472	250	-613	-600.21	-67.11
Other Operating Activities	-845	-188	-428	3,441	6,959
Operating Cash Flow	3,832	1,152	-573	6,460	2,213
Operating Cash Flow Growth	232.64%	-	-	191.96%	-62.44%
Acquisition of Real Estate Assets	-427	-497	-273	-190.33	-119.91
Sale of Real Estate Assets	1	2	6	58.16	31.86
Net Sale / Acq. of Real Estate Assets	-426	-495	-267	-132.16	-88.05
Investment in Marketable & Equity Securities	4,902	-9,237	-1,446	-15,924	2,625
Other Investing Activities	3,036	2,880	2,252	1,779	1,707
Investing Cash Flow	7,512	-6,852	539	-14,278	4,244
Long-Term Debt Issued	1,369	1,099	1,005	232.82	1,083
Total Debt Issued	1,369	1,099	1,005	232.82	1,083
Long-Term Debt Repaid	-1,311	-1,361	-1,719	-2,873	-1,744
Total Debt Repaid	-1,311	-1,361	-1,719	-2,873	-1,744
Net Debt Issued (Repaid)	58	-262	-714	-2,641	-660.31
Common Dividends Paid	-7	-6	-7	-5.42	-5.63
Other Financing Activities	-1,161	-1,089	-633	-2,645	-592.04
Foreign Exchange Rate Adjustments	-24	-35	-144	-147.24	194.89
Net Cash Flow	10,210	-7,092	-1,532	-13,259	5,393
Cash Interest Paid	44	62	115	44.27	60.59
Cash Income Tax Paid	850	903	2,534	399.3	692.04
Levered Free Cash Flow	9,433	-9,589	1,955	-8,063	2,861
Unlevered Free Cash Flow	9,475	-9,558	1,984	-8,036	2,898
Change in Working Capital	1,513	-907	-2,538	-652.56	-10,422

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