Lai Fung Holdings Cash Flow Statement

Financials in millions HKD. Fiscal year is August - July.

Millions HKD. Fiscal year is Aug - Jul.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Net Income	-419.42	-267.66	-584.7	-134.52	-538.97
Depreciation & Amortization	109.81	123.11	163.56	243.31	267.75
Other Amortization	19.33	20.38	31.23	32.58	30.96
Gain (Loss) on Sale of Assets	-3.34	0.4	0.24	0.1	4.98
Gain (Loss) on Sale of Investments	0.37	-	-	-	-
Asset Writedown	37.82	-371.71	242.45	25.34	-61.42
Stock-Based Compensation	-	-	-	1.08	0.16
Income (Loss) on Equity Investments	-0.86	1.55	0.22	0.17	0.5
Change in Accounts Receivable	4.55	5.5	59.32	92.3	-548.14
Change in Other Net Operating Assets	56.86	-845.7	-4.37	-718.02	711.9
Other Operating Activities	493.14	1,140	316.24	298.17	490.21
Operating Cash Flow	320.9	394.71	626.41	407.38	1,647
Operating Cash Flow Growth	-18.70%	-36.99%	53.76%	-75.27%	-
Acquisition of Real Estate Assets	-153.32	-271.2	-338.27	-760.63	-763.04
Sale of Real Estate Assets	44.08	-	-	-	-
Net Sale / Acq. of Real Estate Assets	-109.24	-271.2	-338.27	-760.63	-763.04
Investment in Marketable & Equity Securities	15.9	-	-	-2.5	-15.46
Other Investing Activities	71.27	9.59	1,136	-144.68	-415.71
Investing Cash Flow	-22.07	-261.62	798.02	-907.8	-1,194
Long-Term Debt Issued	2,358	4,101	3,362	935.58	4,824
Total Debt Issued	2,358	4,101	3,362	935.58	4,824
Short-Term Debt Repaid	-	-	-2,736	-	-
Long-Term Debt Repaid	-1,983	-4,097	-1,678	-485.66	-3,945
Total Debt Repaid	-1,983	-4,097	-4,414	-485.66	-3,945
Net Debt Issued (Repaid)	374.95	4.42	-1,052	449.92	879.03
Other Financing Activities	-656.19	-754.27	-719.04	-568.29	206.79
Foreign Exchange Rate Adjustments	9.8	-17.82	-115.65	-89.74	86.7
Net Cash Flow	27.39	-634.57	-462.27	-708.52	1,626
Cash Interest Paid	621.89	720.95	686.79	568.29	526.1
Cash Income Tax Paid	121.19	107.45	358.74	491.04	218.13
Levered Free Cash Flow	-384.84	-382.91	1,904	346.3	158.53
Unlevered Free Cash Flow	-101.62	-39.42	2,207	551.05	371.47
Change in Working Capital	84.05	-251.51	457.17	-93.03	1,453

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