MS Group Holdings 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	26.51	49.39	16.28	13.81	15.41
Depreciation & Amortization	10.39	9.69	9.24	10.77	12.82
Loss (Gain) From Sale of Assets	0.05	1.82	-0.01	0.04	0.15
Loss (Gain) on Equity Investments	-	1.24	8.64	8.28	5.09
Stock-Based Compensation	1.69	1.98	0.39	0.98	0.89
Provision & Write-off of Bad Debts	-0.14	1.77	-0.58	0.23	-0.36
Other Operating Activities	-6	4.9	0.2	-2.87	6.65
Change in Accounts Receivable	54.6	-47.65	-16.22	3.19	3.19
Change in Inventory	17.31	2.72	-3.22	-4.86	-11.06
Change in Accounts Payable	-1.89	-1.18	6.42	-7.92	-4.04
Change in Other Net Operating Assets	1.67	14.06	-5.38	1.22	4.61
Operating Cash Flow	104.19	38.74	15.76	22.87	33.37
Operating Cash Flow Growth	168.96%	145.87%	-31.11%	-31.47%	-34.82%
Capital Expenditures	-0.67	-15.84	-10.69	-1.83	-6.32
Sale of Property, Plant & Equipment	0.02	0.01	0.08	0.01	0.01
Cash Acquisitions	-	-	-	-1.94	-
Investment in Securities	-	-	-	-	-21.31
Other Investing Activities	2.01	3.71	4.2	1.13	0.43
Investing Cash Flow	1.36	-12.12	-6.41	-2.63	-27.19
Long-Term Debt Repaid	-4.25	-4.15	-4.12	-4.21	-4.25
Total Debt Repaid	-4.25	-4.15	-4.12	-4.21	-4.25
Net Debt Issued (Repaid)	-4.25	-4.15	-4.12	-4.21	-4.25
Issuance of Common Stock	2.99	-	-	-	-
Common Dividends Paid	-40.44	-32	-6	-	-
Other Financing Activities	-0.67	-0.97	-0.66	-0.71	-0.62
Financing Cash Flow	-42.37	-37.12	-16.79	-4.91	-4.87
Foreign Exchange Rate Adjustments	2.49	-1.28	-1.06	-3.75	-
Net Cash Flow	65.67	-11.78	-8.5	11.58	1.31
Free Cash Flow	103.52	22.9	5.07	21.03	27.05
Free Cash Flow Growth	352.06%	352.12%	-75.92%	-22.25%	-37.61%
Free Cash Flow Margin	35.51%	5.44%	2.17%	8.09%	9.21%
Free Cash Flow Per Share	0.51	0.12	0.03	0.10	0.14
Cash Interest Paid	0.67	0.97	0.66	0.71	0.62
Cash Income Tax Paid	12.39	6.23	5.19	9.88	5.44
Levered Free Cash Flow	127.39	10.94	0.21	19.22	22.08
Unlevered Free Cash Flow	127.81	11.55	0.62	19.67	22.46
Change in Working Capital	71.69	-32.04	-18.41	-8.37	-7.29

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