Frontier Services Group 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	-204.5	-103.88	51.18	-28.97	-159.7
Depreciation & Amortization	29.46	36.33	31.98	46.61	49.63
Other Amortization	-	-	0.32	0.32	0.05
Loss (Gain) From Sale of Assets	8.84	6.05	-52.78	-4.93	8.38
Asset Writedown & Restructuring Costs	84.13	37.27	40.54	1.24	17.76
Loss (Gain) From Sale of Investments	7.51	9.99	24.95	38.75	30.87
Loss (Gain) on Equity Investments	-0.1	-0.06	-4.29	-4.08	-3.34
Stock-Based Compensation	-	-1.87	2.62	5.04	-
Other Operating Activities	14.95	33.34	-22.84	-39.71	20.27
Change in Accounts Receivable	37.93	55.67	-49.46	-105.86	-19.73
Change in Inventory	-0.74	-2.05	0.29	1.97	-1.1
Change in Accounts Payable	1.94	11.23	28.71	69.16	34.6
Operating Cash Flow	-21.26	74.02	51.22	-20.46	-22.32
Operating Cash Flow Growth	-	44.52%	-	-	-
Capital Expenditures	-14.44	-56.03	-28.06	-14.22	-34.29
Sale of Property, Plant & Equipment	33.13	45.82	0.53	16.52	8.12
Cash Acquisitions	-	-	-	-	-171.21
Divestitures	-0	0.05	-	-	-
Sale (Purchase) of Intangibles	-	-0.76	-	-	-
Investment in Securities	11.89	-	-	0.62	2.69
Other Investing Activities	-12.74	1.65	4.98	8.3	2.03
Investing Cash Flow	17.84	-9.29	-22.55	11.23	-192.67
Long-Term Debt Issued	30	-	-	-	213.64
Long-Term Debt Repaid	-37.16	-75.36	-12.66	-46.43	-37.57
Net Debt Issued (Repaid)	-7.16	-75.36	-12.66	-46.43	176.07
Other Financing Activities	-1.51	-18.27	-1.26	-19.28	-15.27
Financing Cash Flow	-8.67	-93.63	-13.92	-65.71	160.8
Foreign Exchange Rate Adjustments	0.83	-5.36	-3.43	-5.69	2.95
Net Cash Flow	-11.26	-34.25	11.32	-80.64	-51.25
Free Cash Flow	-35.7	17.99	23.16	-34.68	-56.62
Free Cash Flow Growth	-	-22.33%	-	-	-
Free Cash Flow Margin	-5.48%	2.44%	2.85%	-3.60%	-7.49%
Free Cash Flow Per Share	-0.01	0.01	0.01	-0.01	-0.02
Cash Interest Paid	1.51	18.27	4.3	12.64	15.23
Cash Income Tax Paid	5.82	9.78	3.65	-2.88	4.6
Levered Free Cash Flow	-74.22	13.87	-32.83	-15.6	-32.63
Unlevered Free Cash Flow	-67.36	25.88	-20.29	3.07	-24.13
Change in Working Capital	39.13	64.84	-20.46	-34.73	13.77

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