Tysan 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	61.32	40.79	-13.04	4.53	-0.11
Depreciation & Amortization	64.61	72.08	70.15	63.1	62.02
Loss (Gain) From Sale of Assets	-0.13	1.84	8.18	2.83	-2.19
Asset Writedown & Restructuring Costs	-	-	-	0.8	-
Stock-Based Compensation	-	-	4.3	9.65	15.1
Provision & Write-off of Bad Debts	-0.86	-0.27	0.76	0.73	2.05
Other Operating Activities	-24.62	-45.88	-2.2	15.42	-21.8
Change in Accounts Receivable	295.23	53.3	187.01	-46.47	282.06
Change in Inventory	17.33	49.1	1.4	96.37	-148.88
Change in Accounts Payable	-144.8	82.57	-124.42	72.5	-175.33
Change in Unearned Revenue	55.4	2.98	-13.8	-51.37	10.12
Change in Other Net Operating Assets	3.26	-1.53	1.33	2.41	2.01
Operating Cash Flow	326.74	254.99	119.69	170.48	25.07
Operating Cash Flow Growth	28.14%	113.05%	-29.79%	580.07%	-76.25%
Capital Expenditures	-5.69	-26.92	-71.58	-48.23	-34.39
Sale of Property, Plant & Equipment	3.23	6.55	2.8	0.97	3.37
Investment in Securities	-255.13	23.63	-87.33	-91.42	-
Other Investing Activities	24.37	32.39	18.73	-0.97	2.39
Investing Cash Flow	-233.23	35.66	-137.39	-139.66	-28.63
Long-Term Debt Issued	90	-	50	140	90
Total Debt Issued	90	-	50	140	90
Long-Term Debt Repaid	-126.4	-35.89	-84.04	-54.42	-107.58
Total Debt Repaid	-126.4	-35.89	-84.04	-54.42	-107.58
Net Debt Issued (Repaid)	-36.4	-35.89	-34.04	85.58	-17.58
Common Dividends Paid	-151.47	-84.15	-50.49	-84.15	-33.66
Other Financing Activities	-4.62	-6.66	-7.72	-2.32	-1.52
Financing Cash Flow	-192.49	-126.7	-92.25	-0.89	-52.76
Foreign Exchange Rate Adjustments	1.08	-0.76	-0.63	-1.94	0.64
Net Cash Flow	-97.89	163.19	-110.58	27.99	-55.68
Free Cash Flow	321.05	228.07	48.11	122.25	-9.32
Free Cash Flow Growth	40.77%	374.10%	-60.65%	-	-
Free Cash Flow Margin	15.51%	9.49%	1.78%	4.94%	-0.42%
Free Cash Flow Per Share	0.10	0.07	0.01	0.04	-0.00
Cash Interest Paid	4.62	6.66	7.72	2.32	1.52
Cash Income Tax Paid	4.01	21.89	2.18	4.59	13.65
Levered Free Cash Flow	298.21	214.91	42.62	103.8	-7.16
Unlevered Free Cash Flow	301.1	219.03	47.46	105.27	-6.29
Change in Working Capital	226.42	186.43	51.53	73.43	-30.02

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