HKG:0966 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	27,059	8,432	6,190	4,297	7,514
Depreciation & Amortization	3,541	3,185	3,329	3,416	3,456
Gain (Loss) on Sale of Assets	4.21	46.9	3.8	2.38	-23.73
Gain (Loss) on Sale of Investments	-15,441	-17,150	10,950	-10,806	-14,642
Change in Accounts Receivable	138,766	136,156	124,808	139,062	-2,303
Reinsurance Recoverable	-2,368	327.37	-837.22	-1,026	1,193
Change in Unearned Revenue	-	-	-	-	150.83
Change in Insurance Reserves / Liabilities	-	-	-	-	168,993
Change in Other Net Operating Assets	-914.67	26,627	1,158	-721.59	-3,854
Other Operating Activities	-42,325	-30,181	-35,230	-39,835	-39,883
Operating Cash Flow	108,830	125,949	111,580	95,033	98,631
Operating Cash Flow Growth	-13.59%	12.88%	17.41%	-3.65%	-13.63%
Capital Expenditures	-5,430	-9,712	-6,923	-6,296	-4,079
Sale of Property, Plant & Equipment	1,277	1,368	743.88	1,264	110.02
Cash Acquisitions	-11.89	-	-	-	202.96
Investment in Securities	-145,316	-132,377	-162,561	-119,628	-150,672
Other Investing Activities	47,912	45,112	38,050	45,863	43,410
Investing Cash Flow	-101,695	-95,631	-130,951	-80,298	-99,620
Short-Term Debt Issued	-	5.51	-	-	-
Long-Term Debt Issued	2,283	3,292	3,944	21,566	22,116
Total Debt Issued	2,283	3,297	3,944	21,566	22,116
Total Debt Repaid	-2,840	-24,342	-4,960	-24,947	-7,101
Net Debt Issued (Repaid)	-557.52	-21,045	-1,016	-3,380	15,015
Issuance of Common Stock	9,753	-	27,765	-	-
Common Dividends Paid	-2,655	-2,477	-1,434	-1,653	-1,438
Other Financing Activities	-4,755	-4,389	-5,530	-4,727	-4,519
Financing Cash Flow	1,785	-27,911	19,786	-9,760	9,058
Foreign Exchange Rate Adjustments	1,052	-573.23	-332.58	-2,641	570.68
Net Cash Flow	9,972	1,834	81.97	2,335	8,640
Free Cash Flow	103,399	116,238	104,657	88,737	94,552
Free Cash Flow Growth	-11.04%	11.06%	17.94%	-6.15%	-14.68%
Free Cash Flow Margin	77.81%	96.06%	93.01%	82.01%	29.91%
Free Cash Flow Per Share	28.77	32.34	29.12	24.69	26.31
Cash Interest Paid	3,550	4,489	4,558	3,513	2,971
Cash Income Tax Paid	1,053	525.06	192.6	675.91	2,519
Levered Free Cash Flow	-7,630	45,291	-130,543	-354,631	-8,942
Unlevered Free Cash Flow	-6,089	47,452	-128,191	-352,678	-7,262
Change in Working Capital	135,484	163,110	125,128	137,314	141,625

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