Legend Upstar Holdings Cash Flow Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-68.89	-26.04	-0.73	-3.69	49.84	-7.28
Depreciation & Amortization	19.09	21.64	29.25	31.52	28.09	33.93
Loss (Gain) From Sale of Assets	-	-	-6.97	-	-	-
Asset Writedown & Restructuring Costs	53.9	53.9	26.7	11.3	2.69	25.1
Loss (Gain) From Sale of Investments	6.46	6.46	10.36	6.22	7.14	14.77
Stock-Based Compensation	-	-	0.02	3.39	-	-
Other Operating Activities	117.19	-7.9	-11.2	-4.51	15.92	-4.96
Change in Accounts Receivable	-29.4	-29.4	25.24	10.79	-32.98	-23.97
Change in Accounts Payable	-3.69	-3.69	-40.13	-10.21	31	12.15
Change in Other Net Operating Assets	81.03	81.03	28.66	-44.65	-203.38	-65.33
Operating Cash Flow	175.7	96.01	61.19	0.16	-101.69	-15.57
Operating Cash Flow Growth	-	56.92%	37438.04%	-	-	-
Capital Expenditures	-9.27	-4.19	-3.94	-8.45	-31.2	-0.88
Cash Acquisitions	-	-	-	-46.81	-34.57	-
Divestitures	-	-	32.45	-	-	-
Sale (Purchase) of Real Estate	-	-	-	-22.4	-128.49	-
Investment in Securities	-	-	-	6.39	38.84	-20.44
Other Investing Activities	6.27	7.37	6.57	1.2	0.25	6.05
Investing Cash Flow	-3	3.18	35.07	-70.07	-155.16	-15.27
Short-Term Debt Issued	-	-	-	-	-	0.42
Long-Term Debt Issued	-	102	-	200.75	291	-
Total Debt Issued	102	102	-	200.75	291	0.42
Long-Term Debt Repaid	-	-131.45	-89.86	-203.89	-226.64	-35.02
Total Debt Repaid	-264.17	-131.45	-89.86	-203.89	-226.64	-35.02
Net Debt Issued (Repaid)	-162.17	-29.45	-89.86	-3.14	64.36	-34.6
Other Financing Activities	-2.93	-2.93	-	-	-	-
Financing Cash Flow	-165.1	-32.37	-89.86	-3.14	64.36	-34.6
Net Cash Flow	7.61	66.82	6.4	-73.04	-192.49	-65.44
Free Cash Flow	166.43	91.82	57.24	-8.28	-132.88	-16.45
Free Cash Flow Growth	-	60.41%	-	-	-	-
Free Cash Flow Margin	42.04%	25.73%	14.42%	-1.84%	-24.54%	-4.80%
Free Cash Flow Per Share	0.09	0.05	0.03	-0.01	-0.07	-0.01
Cash Interest Paid	19.75	23.4	22.75	11.39	3.61	3.93
Cash Income Tax Paid	3.01	3.21	11.31	4.75	-2.09	5.96
Levered Free Cash Flow	157.92	84.11	40.81	-18.84	-142.22	-44.47
Unlevered Free Cash Flow	170.27	98.73	55.03	-11.72	-138.82	-36.98
Change in Working Capital	47.95	47.95	13.77	-44.07	-205.36	-77.15

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