AEON Stores (Hong Kong) 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	-324.35	-338.07	-188.66	-219.87	-469.96
Depreciation & Amortization	867.11	876.75	915.37	981.46	1,053
Loss (Gain) From Sale of Assets	0.99	0.44	2.46	4.9	0.69
Asset Writedown & Restructuring Costs	0.16	2.15	2.19	28.67	191.13
Other Operating Activities	181.41	191.74	160.72	207.74	214.68
Change in Accounts Receivable	-14.38	21.02	19.81	-	-
Change in Inventory	77.99	-13.36	57.86	15.02	-43.83
Change in Accounts Payable	14.6	-180.11	102.12	-141.36	28.49
Change in Unearned Revenue	-23.31	-22.9	-39.92	0.88	23.28
Change in Other Net Operating Assets	-60.62	-14.97	-83.6	-12.32	26.04
Operating Cash Flow	719.59	522.69	948.36	865.13	1,023
Operating Cash Flow Growth	37.67%	-44.89%	9.62%	-15.45%	-22.31%
Capital Expenditures	-181.32	-155.41	-113.42	-93.08	-166.06
Sale of Property, Plant & Equipment	0.42	0.07	0.06	0.5	0.54
Investment in Securities	123.65	53.8	-74.48	-30.35	184.86
Other Investing Activities	5.35	54.05	-72.58	-2.68	-25.07
Investing Cash Flow	-51.9	-47.49	-260.42	-125.61	-5.72
Long-Term Debt Issued	195.01	220.86	-	-	-
Long-Term Debt Repaid	-764.93	-755.52	-836.05	-828.94	-732.88
Net Debt Issued (Repaid)	-569.92	-534.66	-836.05	-828.94	-732.88
Common Dividends Paid	-	-0.38	-10.39	-13	-20.8
Other Financing Activities	-213.03	-214.8	-188.68	-236.55	-283.65
Financing Cash Flow	-782.95	-749.84	-1,035	-1,078	-1,037
Foreign Exchange Rate Adjustments	0.52	2.77	0.45	-75.05	29.92
Net Cash Flow	-114.74	-271.87	-346.73	-414.01	10.06
Free Cash Flow	538.26	367.28	834.94	772.06	857.12
Free Cash Flow Growth	46.55%	-56.01%	8.14%	-9.93%	-26.18%
Free Cash Flow Margin	6.85%	4.50%	9.53%	8.01%	8.90%
Free Cash Flow Per Share	2.07	1.41	3.21	2.97	3.30
Cash Interest Paid	213.03	214.8	188.68	236.55	283.65
Cash Income Tax Paid	0.31	0.04	0.48	0.54	5.84
Levered Free Cash Flow	466.59	375.9	598.95	489.64	720.74
Unlevered Free Cash Flow	602.98	510.92	716.87	637.48	898.02
Change in Working Capital	-5.73	-210.32	56.28	-137.77	33.98

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