Genesis Scale Holdings 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	-141.22	-47.43	-7.3	-67.91	-40.61
Depreciation & Amortization	5.89	6.91	7.34	10.92	15.7
Loss (Gain) From Sale of Assets	-3.34	-15.79	-13.09	0.21	0.07
Asset Writedown & Restructuring Costs	3.12	0.01	0.1	1.54	-
Loss (Gain) From Sale of Investments	-0.46	-	-	-	-
Loss (Gain) on Equity Investments	1.95	-0.64	-	-	-
Stock-Based Compensation	-	0.01	0.35	0.59	0.97
Provision & Write-off of Bad Debts	9.61	6.16	6.4	3.45	7.22
Other Operating Activities	-8.19	-30.45	-1.29	-9.85	-7.35
Change in Accounts Receivable	3.55	16.56	-66.16	17.32	80.53
Change in Inventory	2.12	-5.65	1.78	-6.99	7.05
Change in Accounts Payable	15.74	-23.23	27.77	-46.46	-15.22
Change in Unearned Revenue	0.49	0.04	-0.11	-0.18	-6.34
Change in Income Taxes	2.9	-	-	-	-
Operating Cash Flow	-107.84	-93.49	-43.6	-77.91	105.22
Operating Cash Flow Growth	-	-	-	-	2992.92%
Capital Expenditures	-2.46	-32.11	-9.08	-14.91	-21.93
Sale of Property, Plant & Equipment	-	0.02	1.34	0.55	0.04
Cash Acquisitions	-	-	-	-	-52
Sale (Purchase) of Intangibles	-	-	-	-	-0.47
Sale (Purchase) of Real Estate	-	29.4	-30.54	-	-
Investment in Securities	140.1	152.74	88.04	-90.25	452.72
Other Investing Activities	0.77	12.61	-6.66	0.36	-9.14
Investing Cash Flow	138.41	162.66	43.1	-104.25	369.21
Long-Term Debt Issued	33.43	-	-	-	4.31
Long-Term Debt Repaid	-63.03	-21.65	-22.38	-23.79	-330.27
Net Debt Issued (Repaid)	-29.59	-21.65	-22.38	-23.79	-325.97
Financing Cash Flow	-29.59	-21.65	-22.38	-23.79	-325.97
Foreign Exchange Rate Adjustments	4.4	-2.36	-0.73	-18.54	0.91
Net Cash Flow	5.37	45.16	-23.6	-224.49	149.38
Free Cash Flow	-110.3	-125.6	-52.68	-92.82	83.29
Free Cash Flow Margin	-175.09%	-166.33%	-63.36%	-176.73%	73.08%
Free Cash Flow Per Share	-0.18	-0.20	-0.09	-0.15	0.14
Cash Interest Paid	5.8	7.37	9.22	11.61	12.82
Cash Income Tax Paid	0.16	15.59	-	-	-
Levered Free Cash Flow	50.57	-74.62	-74.08	-76.59	66.47
Unlevered Free Cash Flow	50.9	-74.52	-73.99	-76.54	66.6
Change in Working Capital	24.8	-12.28	-36.11	-16.85	129.22

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