Lai Fung Holdings Cash Flow Statement

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

Millions HKD. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	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	-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	116.70%	-18.70%	-36.99%	53.76%	-75.27%	-
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
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
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
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
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
Change in Working Capital	84.05	84.05	-251.51	457.17	-93.03	1,453

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