Convenience Retail Asia 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	23.91	57.71	67.79	80.37
Depreciation & Amortization	217.47	207.23	187.72	165.94
Other Amortization	2.95	2.95	2.95	2.35
Loss (Gain) From Sale of Assets	0.44	0.29	0.59	-4.34
Asset Writedown & Restructuring Costs	3.23	2.47	0.43	-
Stock-Based Compensation	0.45	0.18	0.79	0.1
Other Operating Activities	-3.45	7.05	12.32	5.08
Change in Accounts Receivable	11.58	-4.84	-0.11	-24.63
Change in Inventory	-3.73	6.59	0.03	-10.35
Change in Accounts Payable	-0.26	-35.05	-22.57	-13.17
Change in Unearned Revenue	-13.05	-24.84	-13.98	1.29
Change in Other Net Operating Assets	-0.68	-0.64	-1.72	-0.33
Operating Cash Flow	238.86	219.1	234.23	202.31
Operating Cash Flow Growth	9.02%	-6.46%	15.78%	2387.83%
Capital Expenditures	-38.11	-38.03	-60.61	-50.09
Sale of Property, Plant & Equipment	0.15	0.25	0.06	27.09
Cash Acquisitions	-2.88	-	-	-
Sale (Purchase) of Real Estate	-	-	-	5.58
Other Investing Activities	5.93	5.03	0.95	-101.58
Investing Cash Flow	-34.91	-32.75	-59.6	-119
Short-Term Debt Issued	-	-	30	-
Total Debt Issued	-	-	30	-
Short-Term Debt Repaid	-	-	-30	-
Long-Term Debt Repaid	-175.83	-165.07	-150.12	-137
Total Debt Repaid	-175.83	-165.07	-180.12	-137
Net Debt Issued (Repaid)	-175.83	-165.07	-150.12	-137
Issuance of Common Stock	-	0.9	-	-
Common Dividends Paid	-46.65	-54.41	-54.34	-15.53
Other Financing Activities	4.02	-2.96	-1.85	-14.32
Financing Cash Flow	-218.46	-221.55	-206.3	-166.84
Foreign Exchange Rate Adjustments	-0.12	-0.3	-2.48	0.67
Net Cash Flow	-14.62	-35.49	-34.16	-82.86
Free Cash Flow	200.76	181.08	173.62	152.22
Free Cash Flow Growth	10.87%	4.29%	14.06%	-
Free Cash Flow Margin	13.51%	12.18%	11.87%	11.18%
Free Cash Flow Per Share	0.26	0.23	0.22	0.20
Cash Interest Paid	-	-	0.01	-
Cash Income Tax Paid	10.91	9.64	10.61	6.21
Levered Free Cash Flow	210.49	152.83	139.31	36.97
Unlevered Free Cash Flow	214.97	157.38	143.64	40.74
Change in Working Capital	-6.14	-58.78	-38.35	-47.19

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