Value Partners 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	667.7	31.24	23.09	-544.32	457.81
Depreciation & Amortization	21.75	22.43	28.77	30.6	37.82
Other Amortization	1.57	2.33	2.97	2.84	3.03
Loss (Gain) From Sale of Assets	-398.4	-135.72	-45.3	441.1	-111.04
Loss (Gain) on Equity Investments	-95.67	47.4	-25.01	25.33	-40.53
Stock-Based Compensation	4.98	-0.99	12.02	20.67	28.82
Other Operating Activities	31.49	-2.93	99.57	-53.78	-280.89
Change in Accounts Receivable	-375.55	18.65	10.81	122.93	1,305
Change in Accounts Payable	168.81	18.2	-42.79	-1.03	-19.83
Change in Other Net Operating Assets	15.74	-2.7	-7.8	-120.99	-304.79
Operating Cash Flow	42.42	-2.09	56.33	-76.64	1,076
Operating Cash Flow Growth	-	-	-	-	405.35%
Capital Expenditures	-3.01	-1.01	-0.99	-5.18	-8.45
Divestitures	-	4.53	-	-	-
Investment in Securities	285.39	405.17	-25.45	598.85	-794.47
Other Investing Activities	193.28	45.22	-41.17	-194.84	96.86
Investing Cash Flow	475.67	453.91	-67.6	398.83	-706.06
Long-Term Debt Repaid	-15.88	-18.18	-21.81	-23.4	-23.88
Total Debt Repaid	-15.88	-18.18	-21.81	-23.4	-23.88
Net Debt Issued (Repaid)	-15.88	-18.18	-21.81	-23.4	-23.88
Repurchase of Common Stock	-	-	-	-58.25	-22.03
Common Dividends Paid	-18.27	-913.36	-62.11	-147.63	-630.73
Other Financing Activities	-9.78	0.36	-5.62	-3.52	-2.29
Financing Cash Flow	-43.92	-931.17	-89.54	-232.8	-678.92
Foreign Exchange Rate Adjustments	6.32	-2.09	-6.76	-88.87	0.85
Net Cash Flow	480.49	-481.45	-107.58	0.52	-308.47
Free Cash Flow	39.42	-3.1	55.34	-81.82	1,067
Free Cash Flow Growth	-	-	-	-	422.96%
Free Cash Flow Margin	3.92%	-0.59%	9.61%	-12.60%	76.53%
Free Cash Flow Per Share	0.02	-0.00	0.03	-0.04	0.57
Cash Interest Paid	3.89	5.55	5.62	3.52	2.29
Cash Income Tax Paid	14.16	1.63	-95.17	45.61	281.23
Levered Free Cash Flow	48.37	-854.63	926.91	-33.74	1,219
Unlevered Free Cash Flow	51.88	-849.53	931.56	-30.43	1,221
Change in Working Capital	-191	34.15	-39.79	0.91	980.63

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