Huanxi Media Group 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	-260.82	159.14	-221.81	-235.56
Depreciation & Amortization	13.62	13.61	13.83	16.84
Other Amortization	219.1	289.14	100.17	217.45
Loss (Gain) From Sale of Assets	-	-0.32	-1.45	0
Asset Writedown & Restructuring Costs	0.22	106.2	6.08	2
Loss (Gain) From Sale of Investments	21.9	-18.7	9.66	-2.01
Stock-Based Compensation	-	-	-	2.61
Other Operating Activities	-135.67	300.35	0.6	11.62
Change in Accounts Receivable	12.71	43.73	164.59	-247.88
Change in Accounts Payable	-10.28	38.79	-37.37	107.61
Change in Unearned Revenue	15.87	-28.24	1.03	30.63
Change in Other Net Operating Assets	-66.34	-539.39	-81.69	-372.84
Operating Cash Flow	-189.7	364.31	-46.36	-469.54
Capital Expenditures	-0.04	-1.37	-0.14	-0.15
Sale of Property, Plant & Equipment	-	0.33	-	0
Investment in Securities	-	22.15	2.18	-0.4
Other Investing Activities	1.42	1.95	2.03	0.26
Investing Cash Flow	1.39	23.06	4.06	-0.29
Short-Term Debt Issued	-	-	126.11	81.48
Long-Term Debt Issued	43.34	13.87	-	-
Total Debt Issued	43.34	13.87	126.11	81.48
Short-Term Debt Repaid	-	-0.18	-124.86	-18.09
Long-Term Debt Repaid	-14.19	-132.92	-12.96	-16.09
Total Debt Repaid	-14.19	-133.11	-137.82	-34.19
Net Debt Issued (Repaid)	29.15	-119.24	-11.71	47.29
Issuance of Common Stock	-	-	-	468.98
Repurchase of Common Stock	-	-	-	-59.96
Other Financing Activities	-0.54	-9.01	-1.61	-15.74
Financing Cash Flow	28.6	-128.25	-13.32	440.57
Foreign Exchange Rate Adjustments	-5.45	-2.61	-6.12	2.48
Net Cash Flow	-165.16	256.51	-61.74	-26.77
Free Cash Flow	-189.74	362.94	-46.5	-469.68
Free Cash Flow Margin	-555.12%	27.23%	-341.17%	-296.61%
Free Cash Flow Per Share	-0.05	0.10	-0.01	-0.13
Cash Interest Paid	0.54	9.01	1.61	14.04
Cash Income Tax Paid	10.46	21.6	-	1.26
Levered Free Cash Flow	98.02	867.05	-29.43	-34.55
Unlevered Free Cash Flow	98.37	870.12	-25.74	-30.76
Change in Working Capital	-48.05	-485.1	46.56	-482.49

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