HKG:1446 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	-13.69	-34.62	5.27	8.22
Depreciation & Amortization	129.71	139.22	134.92	133.44
Other Amortization	0.7	0.66	0.56	-
Loss (Gain) From Sale of Assets	0.19	0.38	0.08	0.14
Asset Writedown & Restructuring Costs	0.2	6.94	0.88	-
Loss (Gain) From Sale of Investments	0.14	3.41	0.93	-
Loss (Gain) on Equity Investments	-	-	-	0.01
Other Operating Activities	6.86	9.28	0.27	-0.11
Change in Accounts Receivable	3.03	-1.78	-12.67	-3.83
Change in Inventory	13.02	11.3	-3.55	-6.79
Change in Accounts Payable	-7.3	-2.87	5.49	7.32
Change in Other Net Operating Assets	8	-17.07	-8.98	-1.11
Operating Cash Flow	140.86	114.86	123.21	136.66
Operating Cash Flow Growth	22.64%	-6.78%	-9.84%	-37.91%
Capital Expenditures	-16.26	-14.38	-24.33	-29.56
Sale of Property, Plant & Equipment	0.03	-	0.01	0.06
Investment in Securities	-	-	0.03	-5
Other Investing Activities	0.15	-1.27	0.07	0.78
Investing Cash Flow	-16.09	-15.65	-24.23	-33.72
Long-Term Debt Issued	118.51	105.5	65	10
Long-Term Debt Repaid	-218.42	-213.3	-169.59	-117.91
Net Debt Issued (Repaid)	-99.91	-107.8	-104.59	-107.91
Common Dividends Paid	-	-4.07	-4.46	-12.86
Other Financing Activities	-2.43	-2.69	-0.96	-0.82
Financing Cash Flow	-102.34	-114.55	-110.02	-121.58
Foreign Exchange Rate Adjustments	-0.72	-0.03	-1.74	0.42
Net Cash Flow	21.72	-15.38	-12.77	-18.23
Free Cash Flow	124.6	100.48	98.89	107.1
Free Cash Flow Growth	24.00%	1.61%	-7.67%	-43.10%
Free Cash Flow Margin	20.07%	14.94%	14.40%	15.39%
Free Cash Flow Per Share	0.19	0.15	0.15	0.16
Cash Interest Paid	2.43	2.69	0.96	0.58
Cash Income Tax Paid	-0.43	-5.52	3.03	6.04
Levered Free Cash Flow	118.16	103.1	75.98	93.31
Unlevered Free Cash Flow	124.47	108.52	78.86	96.42
Change in Working Capital	16.76	-10.41	-19.7	-4.41

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