HKG:0388 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	17,754	13,050	11,862	10,078	12,535
Depreciation & Amortization	703	692	762	744	717
Other Amortization	810	710	681	715	637
Asset Writedown & Restructuring Costs	55	-	-	-	-
Loss (Gain) From Sale of Investments	94	-264	-120	507	-485
Loss (Gain) on Equity Investments	-26	-88	-82	-71	-80
Stock-Based Compensation	361	390	399	380	324
Provision & Write-off of Bad Debts	-	-	-	-	7
Other Operating Activities	4,936	-461	-1,984	2,779	-1,328
Change in Accounts Receivable	-11,679	-10,687	-8,231	4,869	15,389
Change in Other Net Operating Assets	12,619	9,432	8,213	-5,045	-15,376
Operating Cash Flow	25,627	12,774	11,500	14,956	12,340
Operating Cash Flow Growth	100.62%	11.08%	-23.11%	21.20%	-16.45%
Capital Expenditures	-4,881	-1,604	-1,386	-1,284	-1,070
Investment in Securities	-2,862	3,806	-5,768	-647	3,308
Other Investing Activities	2,178	992	864	231	38
Investing Cash Flow	-5,565	3,194	-6,290	-1,700	2,276
Long-Term Debt Repaid	-251	-255	-307	-309	-310
Net Debt Issued (Repaid)	-251	-255	-307	-309	-310
Repurchase of Common Stock	-512	-481	-448	-350	-681
Common Dividends Paid	-13,722	-10,416	-10,316	-9,665	-11,527
Other Financing Activities	-150	-109	-179	-49	-151
Financing Cash Flow	-14,635	-11,261	-11,250	-10,373	-12,669
Foreign Exchange Rate Adjustments	16	-9	-6	-23	9
Net Cash Flow	5,443	4,698	-6,046	2,860	1,956
Free Cash Flow	20,746	11,170	10,114	13,672	11,270
Free Cash Flow Growth	85.73%	10.44%	-26.02%	21.31%	-16.01%
Free Cash Flow Margin	71.89%	50.15%	49.60%	74.82%	54.31%
Free Cash Flow Per Share	16.37	8.81	7.98	10.79	8.89
Cash Interest Paid	4,667	5,883	6,072	2,339	126
Cash Income Tax Paid	1,533	1,283	2,947	574	2,150
Levered Free Cash Flow	7,537	6,495	7,157	8,717	9,162
Unlevered Free Cash Flow	7,566	6,534	7,209	8,771	9,224
Change in Working Capital	940	-1,255	-18	-176	13

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