SOCAM Development 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	-92	-364	-155	-232	76
Depreciation & Amortization	45	58	62	59	46
Loss (Gain) From Sale of Assets	-49	-1	-1	-	-
Asset Writedown & Restructuring Costs	66	87	148	121	135
Loss (Gain) From Sale of Investments	-3	-1	-	1	-
Loss (Gain) on Equity Investments	-2	-3	-5	-2	-9
Provision & Write-off of Bad Debts	-	-2	4	18	4
Other Operating Activities	185	260	263	233	242
Change in Accounts Receivable	285	-213	-743	-194	181
Change in Inventory	65	67	9	26	69
Change in Accounts Payable	-299	451	414	274	-441
Change in Unearned Revenue	5	12	8	14	-22
Change in Other Net Operating Assets	5	-21	-96	-9	-13
Operating Cash Flow	266	340	-92	309	268
Operating Cash Flow Growth	-21.77%	-	-	15.30%	81.08%
Capital Expenditures	-3	-7	-11	-19	-10
Sale of Property, Plant & Equipment	2	1	2	1	1
Cash Acquisitions	-	-	-	-30	-
Divestitures	80	-	-	-	-
Sale (Purchase) of Real Estate	-6	6	-4	4	2
Investment in Securities	-4	-28	-36	-11	3
Other Investing Activities	87	20	39	19	25
Investing Cash Flow	156	-8	-10	-36	21
Short-Term Debt Issued	100	20	-	-	-
Long-Term Debt Issued	1,718	971	709	1,515	452
Total Debt Issued	1,818	991	709	1,515	452
Short-Term Debt Repaid	-100	-20	-	-	-
Long-Term Debt Repaid	-2,120	-613	-689	-1,524	-532
Total Debt Repaid	-2,220	-633	-689	-1,524	-532
Net Debt Issued (Repaid)	-402	358	20	-9	-80
Repurchase of Common Stock	-	-	-	-1	-
Common Dividends Paid	-	-	-	-26	-
Other Financing Activities	-200	-315	-349	-257	-191
Financing Cash Flow	-602	43	-329	-293	-271
Foreign Exchange Rate Adjustments	3	-2	-2	-21	8
Net Cash Flow	-177	373	-433	-41	26
Free Cash Flow	263	333	-103	290	258
Free Cash Flow Growth	-21.02%	-	-	12.40%	104.76%
Free Cash Flow Margin	3.74%	3.67%	-1.23%	4.58%	4.87%
Free Cash Flow Per Share	0.70	0.89	-0.28	0.78	0.69
Cash Interest Paid	166	252	221	154	136
Cash Income Tax Paid	44	63	101	107	64
Levered Free Cash Flow	217.75	290.13	-252.25	292.13	32.25
Unlevered Free Cash Flow	325.25	446.38	-111.63	386.5	128.5
Change in Working Capital	61	296	-408	111	-226

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