VSTECS Holdings 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	1,052	922.03	823.07	1,314
Depreciation & Amortization	117.53	114.13	138.11	128.42
Other Amortization	3.55	3.92	4.11	3.74
Loss (Gain) From Sale of Assets	2.13	0.17	0.05	-
Loss (Gain) From Sale of Investments	4.78	17.94	10.12	-31.37
Loss (Gain) on Equity Investments	-60.74	-67.11	-12.01	-40.45
Other Operating Activities	379.33	299.32	266.27	106.69
Change in Accounts Receivable	-1,228	-2,344	1,966	-1,570
Change in Inventory	749.18	-1,236	-735.45	-3,835
Change in Accounts Payable	802.23	2,930	-2,393	4,614
Operating Cash Flow	1,822	640.23	66.96	689.63
Operating Cash Flow Growth	184.65%	856.19%	-90.29%	-73.64%
Capital Expenditures	-131.15	-38.82	-21.59	-47.8
Sale of Property, Plant & Equipment	1.65	1.98	0.3	7.15
Cash Acquisitions	74.94	-	10.37	-
Sale (Purchase) of Intangibles	-3.03	-	-2.45	-4.7
Investment in Securities	-49.72	179.93	-504.29	-1.68
Other Investing Activities	-193.62	-5.32	-539.63	36.96
Investing Cash Flow	-300.93	137.76	-1,057	-10.08
Long-Term Debt Issued	27,493	24,020	23,176	13,890
Total Debt Issued	27,493	24,020	23,176	13,890
Long-Term Debt Repaid	-27,511	-24,479	-21,160	-14,464
Net Debt Issued (Repaid)	-18.14	-458.85	2,017	-574.34
Issuance of Common Stock	-	-	5.59	28.26
Repurchase of Common Stock	-11.31	-64.16	-22.24	-
Common Dividends Paid	-369.28	-246.66	-392.9	-320.14
Other Financing Activities	-438.4	-603.82	-33.03	-222.4
Financing Cash Flow	-837.14	-1,373	1,574	-1,089
Foreign Exchange Rate Adjustments	-318.34	-1.44	-585.48	97.38
Net Cash Flow	365.99	-596.94	-1.87	-311.69
Free Cash Flow	1,691	601.41	45.37	641.83
Free Cash Flow Growth	181.22%	1225.62%	-92.93%	-75.23%
Free Cash Flow Margin	1.90%	0.81%	0.06%	0.82%
Free Cash Flow Per Share	1.22	0.43	0.03	0.45
Cash Interest Paid	404.24	340.05	258.49	146.52
Cash Income Tax Paid	290.36	251.65	230.76	260.38
Levered Free Cash Flow	-320.5	-330.17	-161.9	120.98
Unlevered Free Cash Flow	-67.85	-117.64	-0.34	212.55
Change in Working Capital	323.85	-650.17	-1,163	-791.44

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.