HKG:1036 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	-92.39	-50.53	27.7	28.17	424.58
Depreciation & Amortization	34.18	35.27	18.34	12.26	11.38
Gain (Loss) on Sale of Assets	-	-	-13.72	-38.38	-
Gain (Loss) on Sale of Investments	-	-	30.65	51.78	31.17
Asset Writedown	80.5	-9.9	-54.27	-	-191.26
Income (Loss) on Equity Investments	56.79	51.41	130.27	37.61	-99.18
Change in Accounts Receivable	17.17	11.92	23.02	189.37	-86.6
Change in Accounts Payable	-17.91	-50.11	-91.48	-12.51	34.75
Other Operating Activities	-13.3	50.8	-18.98	-43.66	-32.7
Operating Cash Flow	301.5	245.31	-4.01	162.22	93.83
Operating Cash Flow Growth	22.91%	-	-	72.89%	-57.61%
Acquisition of Real Estate Assets	-0.19	-0.91	-70.96	-150.26	-63.82
Sale of Real Estate Assets	-	48.4	71.12	-	-
Net Sale / Acq. of Real Estate Assets	-0.19	47.49	0.16	-150.26	-63.82
Cash Acquisition	-	-	-	-805.45	-
Investment in Marketable & Equity Securities	-48.88	-47.99	370.01	-201.15	230.72
Other Investing Activities	11.28	19.69	18.31	67.84	26.32
Investing Cash Flow	-37.79	19.19	388.48	-507.31	193.21
Long-Term Debt Issued	-	-	-	200	-
Total Debt Issued	-	-	-	200	-
Long-Term Debt Repaid	-10.38	-378.18	-288.83	-11.42	-21.83
Total Debt Repaid	-10.38	-378.18	-288.83	-11.42	-21.83
Net Debt Issued (Repaid)	-10.38	-378.18	-288.83	188.58	-21.83
Common Dividends Paid	-23.37	-23.37	-35.06	-35.06	-35.06
Other Financing Activities	-0.84	-15.59	-36.39	-30.95	-28.48
Foreign Exchange Rate Adjustments	0.07	-0.41	0.97	-4.3	-0.58
Net Cash Flow	229.19	-153.06	25.17	-226.82	201.09
Cash Interest Paid	0.84	15.59	36.39	30.61	28.48
Cash Income Tax Paid	23.78	9.75	14.58	48.44	25.06
Levered Free Cash Flow	256.19	90.97	-81.39	-671.93	127.34
Unlevered Free Cash Flow	256.71	100.5	-59.36	-656.11	145.14
Change in Working Capital	235.63	168.19	-124	116.4	-51.85

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