GBA Holdings Cash Flow Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-75.25	-55.78	-98.41	-176.07	-60	-123
Depreciation & Amortization	4.95	10.31	8.1	0.1	1	-
Loss (Gain) From Sale of Assets	0.06	0.06	-	-	-4	-
Asset Writedown & Restructuring Costs	49.9	23.33	-	-	2	-
Loss (Gain) From Sale of Investments	16.15	18.1	61.75	58.79	15	-36
Loss (Gain) on Equity Investments	-	-	1.19	-	-	-
Stock-Based Compensation	3.25	3.25	-	-	-	-
Provision & Write-off of Bad Debts	0.47	0.48	-0.83	1.99	5	-9
Other Operating Activities	-3.98	-6.68	11.05	66.8	18	57
Change in Accounts Receivable	-0.86	0.15	25.21	-25.18	1	34
Change in Inventory	-37.72	-17.5	-25.25	20.53	349	339
Change in Accounts Payable	6.44	3.32	5.17	-21.56	-434	-266
Change in Other Net Operating Assets	-3.68	-3.06	-16.72	10.98	-29	73
Operating Cash Flow	-39.46	-23.21	-29.18	-59.14	-136	17
Operating Cash Flow Growth	-	-	-	-	-	-82.47%
Capital Expenditures	-1.24	-0.77	-0.32	-	-	-
Cash Acquisitions	-1.41	-	-2.34	-	-	-
Divestitures	-	-	-	-	-2	37
Investment in Securities	-22.32	-3.2	-2.53	-6.33	-	-
Other Investing Activities	1.05	1.21	0.45	24.3	35	10
Investing Cash Flow	-25.56	-4.4	-4.73	17.98	33	47
Long-Term Debt Issued	-	9.75	2.66	3.14	-	-
Total Debt Issued	12.85	9.75	2.66	3.14	-	-
Long-Term Debt Repaid	-	-6.32	-4.92	-0.79	-1	-97
Net Debt Issued (Repaid)	11.23	3.43	-2.26	2.35	-1	-97
Issuance of Common Stock	22.17	-	50.61	19.12	-	-
Other Financing Activities	-2.14	-0.58	-1.92	-0.04	-	-
Financing Cash Flow	31.25	2.84	46.44	21.43	-1	-97
Foreign Exchange Rate Adjustments	2.7	-0.03	-0.37	-0.78	3	7
Net Cash Flow	-31.06	-24.8	12.16	-20.51	-101	-26
Free Cash Flow	-40.7	-23.98	-29.5	-59.14	-136	17
Free Cash Flow Growth	-	-	-	-	-	-82.29%
Free Cash Flow Margin	-69.08%	-42.03%	-37.63%	-106.52%	-29.00%	4.32%
Free Cash Flow Per Share	-0.17	-0.12	-0.22	-0.61	-1.48	0.18
Cash Interest Paid	0.83	1.73	1.5	0.08	-	3
Cash Income Tax Paid	-	-4.74	0.29	0.33	-	6
Levered Free Cash Flow	-103.76	-82.19	75.42	-52.06	-64.75	404.13
Unlevered Free Cash Flow	-102.81	-81.11	76.36	-52.01	-64.75	404.13
Change in Working Capital	-35.83	-17.09	-11.59	-15.23	-113	140

Source: S&P Global Market Intelligence. Standard template. Financial Sources.