SJM Holdings 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	-429	3.2	-2,010	-7,798	-4,144
Depreciation & Amortization	2,035	1,889	1,840	1,895	1,256
Loss (Gain) From Sale of Assets	3	10.7	6.5	2.1	0.1
Asset Writedown & Restructuring Costs	-	-	-	1,215	-
Loss (Gain) From Sale of Investments	-1.3	-	-	143.7	-
Loss (Gain) on Equity Investments	-8.3	-15.1	1.3	-0.4	-13.1
Other Operating Activities	1,611	1,931	1,983	996.8	146
Change in Accounts Receivable	-669.2	-170.4	-34.5	-107.4	82.7
Change in Inventory	-2	-0.2	-1.2	4.6	-29.6
Change in Accounts Payable	363.8	409.4	2,011	-568.4	-1,839
Operating Cash Flow	2,903	4,058	3,795	-4,217	-4,540
Operating Cash Flow Growth	-28.46%	6.91%	-	-	-
Capital Expenditures	-2,299	-1,737	-1,688	-1,032	-1,446
Sale of Property, Plant & Equipment	1.4	1.7	2.1	2.8	2.4
Cash Acquisitions	-1,720	-	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-45.7	-
Sale (Purchase) of Real Estate	-	-16.8	-	-	-
Investment in Securities	-49.8	237.4	119.7	-83.6	640.9
Other Investing Activities	-120.3	106.2	291.7	-858.5	14.9
Investing Cash Flow	-4,187	-1,409	-1,275	-2,017	-787.7
Long-Term Debt Issued	5,500	1,365	-	22,024	19,307
Long-Term Debt Repaid	-2,848	-3,291	-3,853	-14,153	-15,713
Net Debt Issued (Repaid)	2,653	-1,926	-3,853	7,871	3,593
Issuance of Common Stock	-	-	-	2,954	32.4
Other Financing Activities	-1,586	-1,819	-1,862	-1,333	-581.1
Financing Cash Flow	1,067	-3,745	-5,715	9,493	3,045
Net Cash Flow	-217.8	-1,096	-3,194	3,259	-2,283
Free Cash Flow	603.9	2,320	2,107	-5,249	-5,986
Free Cash Flow Growth	-73.97%	10.11%	-	-	-
Free Cash Flow Margin	2.14%	8.06%	9.74%	-78.59%	-59.41%
Free Cash Flow Per Share	0.09	0.33	0.30	-0.82	-1.05
Cash Interest Paid	1,509	1,756	1,802	950.7	499.6
Cash Income Tax Paid	50.1	36.1	50.5	32.4	36.8
Levered Free Cash Flow	-954.86	441.51	-539.91	-5,067	-5,218
Unlevered Free Cash Flow	79.33	1,624	666.4	-4,365	-5,003
Change in Working Capital	-307.4	238.8	1,975	-671.2	-1,786

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