Minerva Group Holding 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	-62.42	-143.92	-104.06	-171.28	153.76
Depreciation & Amortization, Total	4.51	3.57	2.62	6.51	13.33
Gain (Loss) On Sale of Investments	34.72	86.99	106.06	157.32	-156.11
Stock-Based Compensation	-	-	-	6.59	-
Change in Accounts Receivable	1.3	-8.25	33.03	-51.29	49.58
Change in Accounts Payable	1.56	-9.42	-1.48	-4.35	7.62
Change in Other Net Operating Assets	13.14	-33.38	3.77	107.15	-130.68
Other Operating Activities	-25.09	-3.62	-6.48	-0.57	1.48
Operating Cash Flow	15.71	-25.7	60.33	77.21	-29.18
Capital Expenditures	-	-16.19	-6.73	-0.6	-2.41
Sale (Purchase) of Intangibles	-	-	-5.25	-	-
Investment in Securities	-0.28	-1.06	-39.63	-25.45	-24.51
Other Investing Activities	2	1.78	1.18	0.01	0.1
Investing Cash Flow	1.72	-15.47	-50.44	-29.04	-15.62
Short-Term Debt Issued	-	-	-	23.9	-
Total Debt Issued	-	-	-	23.9	-
Short-Term Debt Repaid	-1.38	-1.48	-1.44	-0.67	-
Long-Term Debt Repaid	-2.02	-2.04	-2.12	-4.37	-6.68
Total Debt Repaid	-3.4	-3.52	-3.56	-5.04	-6.68
Net Debt Issued (Repaid)	-3.4	-3.52	-3.56	18.86	-6.68
Repurchase of Common Stock	-14.59	-	-38.37	-	-
Financing Cash Flow	-17.99	-3.52	-41.93	18.86	-6.68
Net Cash Flow	-0.56	-44.69	-32.03	67.03	-51.48
Free Cash Flow	15.71	-41.89	53.6	76.61	-31.59
Free Cash Flow Growth	-	-	-30.03%	-	-
Free Cash Flow Margin	28.02%	-61.70%	73.29%	105.81%	-33.15%
Free Cash Flow Per Share	0.01	-0.02	0.02	0.03	-0.01
Cash Income Tax Paid	-	-	-2.51	-	3.2