HKG:0434 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	-238.63	940.49	129.09	72.58	-5.36
Depreciation & Amortization	12.13	7.93	12.72	16.65	21.07
Other Amortization	-	0.9	0.24	-	0.03
Loss (Gain) From Sale of Assets	-27.4	2.28	0.03	-7.52	0.3
Asset Writedown & Restructuring Costs	-	-	-	-	15.14
Loss (Gain) From Sale of Investments	15.17	51	61.53	65.52	126.07
Loss (Gain) on Equity Investments	0.06	-0.34	1.76	0.71	6.79
Stock-Based Compensation	46.55	2.72	1.94	3.31	0.48
Provision & Write-off of Bad Debts	0.17	-0.17	-0.19	-5.83	0.1
Other Operating Activities	325.52	-859.6	-63.98	-13.84	-6.82
Change in Accounts Receivable	-80.51	5.46	-6.04	2.66	-2.83
Change in Accounts Payable	-0.04	12.96	-4.75	1.2	-5.56
Change in Unearned Revenue	0.72	-0.89	3.96	-2.75	-2.55
Change in Other Net Operating Assets	9.59	11.48	-33.7	12.39	4.39
Operating Cash Flow	63.33	174.23	102.66	145.15	152.13
Operating Cash Flow Growth	-63.65%	69.72%	-29.27%	-4.59%	1.68%
Capital Expenditures	-1.03	-10.57	-9.99	-3.97	-3.66
Sale of Property, Plant & Equipment	0.11	9.93	0.04	2.17	0.64
Divestitures	2.57	-	-	12.2	-
Sale (Purchase) of Intangibles	-0.52	-	-2.06	-	-
Sale (Purchase) of Real Estate	-	-62.34	-	-	-
Investment in Securities	148.79	680.77	414.65	-162.98	-157.37
Other Investing Activities	-616.93	-1,398	-29.59	51.09	-154.26
Investing Cash Flow	-467	-780.36	373.04	-101.49	-314.65
Long-Term Debt Repaid	-3.81	-4.8	-4.57	-4.55	-4.61
Net Debt Issued (Repaid)	-3.81	-4.8	-4.57	-4.55	-4.61
Issuance of Common Stock	416.51	-	-	-	-
Repurchase of Common Stock	-10.95	-5.44	-	-0.13	-0.52
Common Dividends Paid	-75.6	-25.54	-	-	-
Financing Cash Flow	326.16	-35.78	-4.57	-4.67	-5.13
Foreign Exchange Rate Adjustments	0.98	-13.47	24.96	12.63	-5.18
Net Cash Flow	-76.53	-655.38	496.09	51.61	-172.83
Free Cash Flow	62.31	163.67	92.67	141.17	148.47
Free Cash Flow Growth	-61.93%	76.61%	-34.36%	-4.91%	9.65%
Free Cash Flow Margin	13.32%	33.66%	21.32%	33.28%	33.03%
Free Cash Flow Per Share	0.09	0.24	0.14	0.21	0.23
Cash Interest Paid	0.72	1.15	0.76	0.74	0.29
Cash Income Tax Paid	14.41	9.09	7.88	6.93	12.53
Levered Free Cash Flow	-438.07	-1,670	-24.18	112.6	115.88
Unlevered Free Cash Flow	-437.63	-1,669	-23.71	113.06	116.07
Change in Working Capital	-70.24	29	-40.53	13.5	-6.55

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