Giordano International Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	216	345	268	190
Depreciation & Amortization	482	465	440	494
Other Amortization	1	1	1	1
Loss (Gain) From Sale of Assets	4	1	-	1
Asset Writedown & Restructuring Costs	4	-	1	3
Loss (Gain) From Sale of Investments	-	6	-6	-
Loss (Gain) on Equity Investments	-20	-45	-36	-41
Stock-Based Compensation	-	-	-	7
Provision & Write-off of Bad Debts	3	-4	-2	-15
Other Operating Activities	10	32	52	19
Change in Accounts Receivable	-49	24	54	-23
Change in Inventory	-31	135	-2	-171
Change in Accounts Payable	90	-18	40	-
Operating Cash Flow	710	942	810	465
Operating Cash Flow Growth	-24.63%	16.30%	74.19%	-24.51%
Capital Expenditures	-66	-87	-66	-42
Sale of Property, Plant & Equipment	-	-	1	1
Investment in Securities	163	-115	-61	23
Other Investing Activities	52	47	50	1
Investing Cash Flow	149	-155	-76	-17
Short-Term Debt Issued	138	123	44	-
Long-Term Debt Issued	-	-	-	81
Total Debt Issued	138	123	44	81
Short-Term Debt Repaid	-140	-105	-199	-
Long-Term Debt Repaid	-408	-400	-405	-503
Total Debt Repaid	-548	-505	-604	-503
Net Debt Issued (Repaid)	-410	-382	-560	-422
Issuance of Common Stock	5	47	3	2
Repurchase of Common Stock	-1	-	-3	-
Common Dividends Paid	-347	-514	-292	-212
Other Financing Activities	-26	-77	-1	-9
Financing Cash Flow	-779	-926	-853	-641
Foreign Exchange Rate Adjustments	-16	-1	-25	3
Net Cash Flow	64	-140	-144	-190
Free Cash Flow	644	855	744	423
Free Cash Flow Growth	-24.68%	14.92%	75.89%	-27.82%
Free Cash Flow Margin	16.43%	22.08%	19.58%	12.52%
Free Cash Flow Per Share	0.40	0.53	0.47	0.27
Cash Interest Paid	46	40	25	29
Cash Income Tax Paid	112	111	76	50
Levered Free Cash Flow	609.63	857.38	670	396.38
Unlevered Free Cash Flow	638.38	882.38	685.63	414.5
Change in Working Capital	10	141	92	-194

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