Lai Fung Holdings Limited (HKG:1125)

Lai Fung Holdings Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2026	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Net Income	-639.4	-419.42	-267.66	-584.7	-134.52	-538.97
Depreciation & Amortization	95.81	109.81	123.11	163.56	243.31	267.75
Other Amortization	19.33	19.33	20.38	31.23	32.58	30.96
Gain (Loss) on Sale of Assets	-3.34	-3.34	0.4	0.24	0.1	4.98
Gain (Loss) on Sale of Investments	0.37	0.37	-	-	-	-
Asset Writedown	37.82	37.82	-371.71	242.45	25.34	-61.42
Stock-Based Compensation	-	-	-	-	1.08	0.16
Income (Loss) on Equity Investments	-0.86	-0.86	1.55	0.22	0.17	0.5
Change in Accounts Receivable	4.55	4.55	5.5	59.32	92.3	-548.14
Change in Other Net Operating Assets	56.86	56.86	-845.7	-4.37	-718.02	711.9
Other Operating Activities	920.79	493.14	1,140	316.24	298.17	490.21
Operating Cash Flow	514.58	320.9	394.71	626.41	407.38	1,647
Operating Cash Flow Growth	60.35%	-18.70%	-36.99%	53.76%	-75.27%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2026	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Acquisition of Real Estate Assets	-134.27	-153.32	-271.2	-338.27	-760.63	-763.04
Sale of Real Estate Assets	10.62	44.08	-	-	-	-
Net Sale / Acq. of Real Estate Assets	-123.65	-109.24	-271.2	-338.27	-760.63	-763.04
Investment in Marketable & Equity Securities	1.1	15.9	-	-	-2.5	-15.46
Other Investing Activities	346.88	71.27	9.59	1,136	-144.68	-415.71
Investing Cash Flow	224.34	-22.07	-261.62	798.02	-907.8	-1,194

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2026	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Long-Term Debt Issued	-	2,358	4,101	3,362	935.58	4,824
Total Debt Issued	2,747	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	-2,550	-1,983	-4,097	-4,414	-485.66	-3,945
Net Debt Issued (Repaid)	196.55	374.95	4.42	-1,052	449.92	879.03
Other Financing Activities	-651.06	-656.19	-754.27	-719.04	-568.29	206.79

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2026	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Foreign Exchange Rate Adjustments	44.43	9.8	-17.82	-115.65	-89.74	86.7
Net Cash Flow	328.83	27.39	-634.57	-462.27	-708.52	1,626

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2026	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Levered Free Cash Flow	100.94	-384.84	-382.91	1,904	346.3	158.53
Unlevered Free Cash Flow	382.73	-101.62	-39.42	2,207	551.05	371.47

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2026	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Cash Interest Paid	616.75	621.89	720.95	686.79	568.29	526.1
Cash Income Tax Paid	121.19	121.19	107.45	358.74	491.04	218.13
Change in Working Capital	84.05	84.05	-251.51	457.17	-93.03	1,453

Data Source: S&P Global Market Intelligence Last updated: Jan 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Jul 29, 2026

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