Wing Tai Properties 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	-1,584	-1,900	-461.5	-20.9	899.8
Depreciation & Amortization	5.1	6.3	4.4	8.7	16.7
Loss (Gain) From Sale of Assets	376.9	756.2	77.4	103.8	-
Asset Writedown & Restructuring Costs	1,455	1,237	631.5	1,199	527.4
Loss (Gain) From Sale of Investments	-118.3	42.1	-4.4	60.5	-486.7
Stock-Based Compensation	15.7	27.4	11.7	11.6	12.5
Provision & Write-off of Bad Debts	-5	8.6	2	-2.3	5
Other Operating Activities	-186.3	-215.7	-255.8	-446.1	-205.1
Change in Accounts Receivable	-20.5	-48.1	7.3	36.4	65.5
Change in Inventory	-252.3	-91.9	0.8	1,973	-1,417
Change in Accounts Payable	56.7	-88.2	-227.2	-2,285	-1,387
Change in Other Net Operating Assets	-	23.2	726.4	-37.7	663.2
Operating Cash Flow	-256.8	-234	512.1	569	-1,334
Operating Cash Flow Growth	-	-	-10.00%	-	-
Capital Expenditures	-1.2	-12.1	-5.7	-6	-0.3
Sale of Property, Plant & Equipment	3.6	-	0.2	0.6	-
Divestitures	451	339.4	-	-	-
Sale (Purchase) of Real Estate	26.6	-80.1	-234.6	-15.5	-7.2
Investment in Securities	810.9	480.2	-238.1	-1,303	88.5
Other Investing Activities	-821.6	-355.1	17.2	-104.6	51.2
Investing Cash Flow	474	567.2	72.4	-435.3	-125.7
Long-Term Debt Issued	3,175	1,287	1,151	3,046	4,689
Long-Term Debt Repaid	-2,969	-1,261	-1,099	-2,999	-2,259
Net Debt Issued (Repaid)	206.5	26.3	52.4	47	2,430
Common Dividends Paid	-95.7	-149.3	-366.4	-366.1	-365.8
Other Financing Activities	-76.9	-56	-41.9	-166.8	-79.1
Financing Cash Flow	33.9	-179	-355.9	-485.9	1,985
Net Cash Flow	251.1	154.2	228.6	-352.2	525.4
Free Cash Flow	-258	-246.1	506.4	563	-1,334
Free Cash Flow Growth	-	-	-10.05%	-	-
Free Cash Flow Margin	-26.63%	-23.87%	57.39%	13.74%	-38.97%
Free Cash Flow Per Share	-0.19	-0.18	0.37	0.41	-0.98
Cash Interest Paid	302.9	389.4	363.3	215.2	144.9
Cash Income Tax Paid	36.3	43.8	107.5	51.2	45.9
Levered Free Cash Flow	-142.84	875.89	449.39	891.26	-1,417
Unlevered Free Cash Flow	-54.78	1,006	576.89	964.26	-1,347
Change in Working Capital	-216.1	-205	507.3	-313.1	-2,075

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