Sino ICT Holdings 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	-29.72	-37.79	-18.31	38.28
Depreciation & Amortization	51.01	53.41	18.05	15.29
Other Amortization	2.89	3.42	2.73	2.23
Loss (Gain) From Sale of Assets	0.43	0.21	-0.03	0
Asset Writedown & Restructuring Costs	6.89	2.66	-0.56	0.96
Loss (Gain) From Sale of Investments	-8.46	2.45	-0.53	-9.04
Loss (Gain) on Equity Investments	5.06	2.83	-0.94	-2.87
Provision & Write-off of Bad Debts	0.04	-0.33	-0.01	-0.7
Other Operating Activities	-7.77	-6.69	-13.53	8.6
Change in Accounts Receivable	0.2	80.96	-24.06	-79.31
Change in Inventory	1.9	-9.14	22.24	-12.31
Change in Accounts Payable	-57.63	-54.45	-55.76	151.77
Change in Unearned Revenue	46.01	1.39	-7.35	-42.57
Change in Other Net Operating Assets	-	0.07	0.24	-
Operating Cash Flow	4.03	3.17	-86.56	113.55
Operating Cash Flow Growth	27.01%	-	-	18.72%
Capital Expenditures	-5.54	-34.77	-276.4	-3.39
Sale of Property, Plant & Equipment	0.6	0.66	0.14	0.03
Sale (Purchase) of Intangibles	-	-	-5.43	-2.72
Investment in Securities	-	-	-23.69	242.73
Other Investing Activities	-5.77	-0.53	-4.25	-
Investing Cash Flow	-10.7	-34.64	-309.63	236.64
Long-Term Debt Issued	114.63	-	520.12	-
Total Debt Issued	114.63	-	520.12	-
Long-Term Debt Repaid	-83.92	-57.43	-144.6	-161.36
Total Debt Repaid	-83.92	-57.43	-144.6	-161.36
Net Debt Issued (Repaid)	30.71	-57.43	375.52	-161.36
Financing Cash Flow	30.71	-57.43	375.52	-161.36
Foreign Exchange Rate Adjustments	-1.91	-1.38	-14.35	3.02
Net Cash Flow	22.13	-90.28	-35.02	191.85
Free Cash Flow	-1.51	-31.6	-362.96	110.16
Free Cash Flow Growth	-	-	-	15.83%
Free Cash Flow Margin	-0.61%	-14.92%	-157.03%	34.11%
Free Cash Flow Per Share	-0.00	-0.02	-0.25	0.08
Cash Interest Paid	7.49	4.5	5.09	5.21
Cash Income Tax Paid	0.74	-0.18	7.22	5.07
Levered Free Cash Flow	0.92	-11.99	-281.37	47.06
Unlevered Free Cash Flow	18.05	3.23	-276.99	53.71
Change in Working Capital	-9.53	18.82	-64.11	60.8

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