SH Group (Holdings) Limited (HKG:1637)

SH Group (Holdings) Cash Flow Statement

Financials in millions HKD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	10.21	5.39	-15.21	-11	11.73	44.13
Depreciation & Amortization	3.16	3.45	3.52	3.51	3.56	3.97
Loss (Gain) From Sale of Investments	-3.31	-3.31	4.65	4.26	9.15	-0.16
Provision & Write-off of Bad Debts	5.52	5.52	1.32	1.72	-0.03	-2.79
Other Operating Activities	-0.91	3.6	-1.65	-7.08	-7.08	-1.68
Change in Accounts Receivable	90.49	147.92	-72.65	-132.11	29.65	-5.62
Change in Accounts Payable	-30.16	-73.44	33.17	18.23	-7.32	29.12
Change in Unearned Revenue	4.36	0.25	-44.13	-5.89	-8.14	61.82
Change in Other Net Operating Assets	-0.9	-0.85	-28.41	10.85	14.9	10.04
Operating Cash Flow	78.44	88.52	-119.39	-117.51	46.42	138.84
Operating Cash Flow Growth	13.65%	-	-	-	-66.56%	145.32%
Capital Expenditures	0.01	-0.01	-0.32	-0.53	-0.36	-0.24
Investment in Securities	3.96	0.57	68.54	-52.85	-17.37	-27.04
Other Investing Activities	2.43	2.49	3.6	3.16	2.59	1.57
Investing Cash Flow	6.4	3.04	71.83	-50.22	-15.14	-25.72
Short-Term Debt Issued	-	-	40	-	-	-
Total Debt Issued	-	-	40	-	-	-
Short-Term Debt Repaid	-	-35	-5	-	-	-6.82
Long-Term Debt Repaid	-	-2.48	-1.94	-2.4	-2.09	-2.45
Total Debt Repaid	-12.04	-37.48	-6.94	-2.4	-2.09	-9.26
Net Debt Issued (Repaid)	-12.04	-37.48	33.06	-2.4	-2.09	-9.26
Common Dividends Paid	-	-	-	-18	-15.6	-6.8
Other Financing Activities	-0.29	-1.2	-2.22	-0.05	-0.09	-0.37
Financing Cash Flow	-12.33	-38.68	30.84	-20.44	-17.78	-16.44
Net Cash Flow	72.51	52.89	-16.73	-188.18	13.5	96.69
Free Cash Flow	78.45	88.51	-119.71	-118.04	46.06	138.6
Free Cash Flow Growth	14.18%	-	-	-	-66.77%	150.35%
Free Cash Flow Margin	17.71%	14.55%	-13.66%	-12.37%	6.12%	19.59%
Free Cash Flow Per Share	0.20	0.22	-0.30	-0.29	0.12	0.35
Cash Interest Paid	0.29	1.2	2.22	0.05	0.09	0.37
Cash Income Tax Paid	-	-3.93	0.87	-	8.32	7.47
Levered Free Cash Flow	75.7	87.42	-116.32	-96.67	40.4	121.29
Unlevered Free Cash Flow	75.88	88.16	-114.94	-96.64	40.46	121.5
Change in Working Capital	63.78	73.88	-112.02	-108.92	29.09	95.37

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