Founder 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	47.86	59.76	34.75	43.48
Depreciation & Amortization	15.33	19.97	22.88	22.88
Loss (Gain) From Sale of Assets	-0.09	-0.08	-0.1	-0.05
Asset Writedown & Restructuring Costs	20.67	10.13	11.54	-3.81
Loss (Gain) From Sale of Investments	-	-	-	-0.38
Loss (Gain) on Equity Investments	-0.17	0.26	0.32	-0.01
Provision & Write-off of Bad Debts	9.07	7.78	6.53	-2.74
Other Operating Activities	-9.25	-5.85	-15.19	12.73
Change in Accounts Receivable	16.91	-7.8	-24.03	38.87
Change in Inventory	12.04	3	15.34	-51.2
Change in Accounts Payable	-5.05	7.81	-8.57	-3.78
Change in Unearned Revenue	0.28	-23.92	0.9	1.87
Change in Other Net Operating Assets	-39.08	-39.68	2.62	-10.04
Operating Cash Flow	68.51	31.38	46.99	47.82
Operating Cash Flow Growth	118.34%	-33.22%	-1.73%	-20.54%
Capital Expenditures	-2.08	-2.43	-5.18	-9.91
Sale of Property, Plant & Equipment	0.1	0.08	0.29	1.81
Investment in Securities	-280.77	-	-	178.98
Other Investing Activities	8.48	0.15	143.8	2.88
Investing Cash Flow	-274.28	-2.2	138.91	173.76
Long-Term Debt Repaid	-2.31	-3.27	-3.42	-1.71
Total Debt Repaid	-2.31	-3.27	-3.42	-1.71
Net Debt Issued (Repaid)	-2.31	-3.27	-3.42	-1.71
Financing Cash Flow	-2.31	-3.27	-3.42	-1.71
Foreign Exchange Rate Adjustments	-16.29	-10.2	-48.33	15.52
Net Cash Flow	-224.37	15.71	134.15	235.38
Free Cash Flow	66.43	28.95	41.81	37.91
Free Cash Flow Growth	129.49%	-30.76%	10.29%	-32.74%
Free Cash Flow Margin	7.18%	2.95%	4.37%	3.53%
Free Cash Flow Per Share	0.06	0.02	0.04	0.03
Cash Interest Paid	0.12	0.16	0.32	0.17
Cash Income Tax Paid	-0.01	0.04	0.11	4.12
Levered Free Cash Flow	20.98	-38.84	68.44	-4.39
Unlevered Free Cash Flow	21.05	-38.74	68.64	-4.29
Change in Working Capital	-14.9	-60.59	-13.74	-24.28

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