HKG:0823 Cash Flow Statement

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	-6,793	-8,863	-1,983	15,451	6,894	1,185
Depreciation & Amortization	90	86	94	94	84	91
Gain (Loss) on Sale of Assets	2	2	7	-	2	21
Gain (Loss) on Sale of Investments	-	-	5	-	11	-
Asset Writedown	16,280	16,280	7,819	-9,317	-426	5,322
Stock-Based Compensation	109	109	49	36	118	14
Income (Loss) on Equity Investments	419	419	627	-85	-364	-
Change in Accounts Receivable	-15	-15	337	457	-411	-130
Change in Accounts Payable	73	73	-153	-476	73	-299
Change in Other Net Operating Assets	-32	-32	-137	13	114	-22
Other Operating Activities	-1,273	954	1,816	1,468	603	896
Operating Cash Flow	8,860	9,013	8,481	7,641	6,698	7,078
Operating Cash Flow Growth	0.20%	6.27%	10.99%	14.08%	-5.37%	7.42%
Acquisition of Real Estate Assets	-1,347	-1,202	-1,062	-2,020	-886	-896
Net Sale / Acq. of Real Estate Assets	-1,347	-1,202	-1,062	-2,020	-886	-896
Cash Acquisition	-32	-284	-2,667	-17,371	-9,010	-7,479
Investment in Marketable & Equity Securities	1,735	2,695	1,272	-5,300	-802	-2,305
Other Investing Activities	233	308	1,948	57	116	138
Investing Cash Flow	589	1,517	-509	-24,634	-10,582	-10,542
Short-Term Debt Issued	-	880	2	304	29	-
Long-Term Debt Issued	-	16,466	6,322	40,458	25,237	20,676
Total Debt Issued	25,072	17,346	6,324	40,762	25,266	20,676
Short-Term Debt Repaid	-	-1,760	-	-	-	-
Long-Term Debt Repaid	-	-22,776	-12,092	-24,268	-15,663	-17,463
Total Debt Repaid	-26,105	-24,536	-12,092	-24,268	-15,663	-17,463
Net Debt Issued (Repaid)	-1,033	-7,190	-5,768	16,494	9,603	3,213
Issuance of Common Stock	-	-	-	18,813	-	-
Repurchase of Common Stock	-574	-574	-935	-407	-82	-379
Common Dividends Paid	-6,034	-5,348	-5,401	-5,050	-4,405	-3,966
Other Financing Activities	-1,151	-1,245	-2,606	-1,583	-978	-928
Foreign Exchange Rate Adjustments	-42	-14	-65	-66	-5	177
Net Cash Flow	615	-3,841	-6,803	11,208	249	-5,347
Cash Interest Paid	2,004	2,412	2,813	1,713	978	928
Cash Income Tax Paid	879	879	958	995	1,468	379
Levered Free Cash Flow	8,007	6,811	6,113	-684.75	5,830	2,182
Unlevered Free Cash Flow	9,238	8,139	7,668	397.75	6,501	2,804
Change in Working Capital	26	26	47	-6	-224	-451

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