E-Commodities Holdings 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	921.53	2,123	1,666	3,462
Depreciation & Amortization	467.17	363.25	259.63	237.39
Other Amortization	7.25	6.78	2.8	3.12
Loss (Gain) From Sale of Assets	-12.49	17.74	-2.04	4.97
Asset Writedown & Restructuring Costs	-	44.3	-10.86	253.13
Loss (Gain) on Equity Investments	-177.9	-197.83	-144.19	-143.32
Other Operating Activities	-1,378	293.04	30	689.57
Change in Accounts Receivable	224.38	-433.89	865.11	-2,083
Change in Inventory	1,400	-1,676	652.19	-1,720
Change in Accounts Payable	-811.28	1,778	-1,146	2,054
Change in Other Net Operating Assets	-	-292.85	-	-
Operating Cash Flow	640.4	2,025	2,172	2,758
Operating Cash Flow Growth	-68.38%	-6.76%	-21.25%	-6.98%
Capital Expenditures	-1,026	-881.73	-632.63	-647.05
Sale of Property, Plant & Equipment	196.36	24.68	16.99	22.28
Cash Acquisitions	-710.26	-162.08	-16	-
Sale (Purchase) of Real Estate	-	-229.85	-	-
Investment in Securities	-47.32	-47.58	-191.49	-61.16
Other Investing Activities	678.02	-537.38	70.65	229.56
Investing Cash Flow	-909.01	-1,834	-752.48	-456.37
Short-Term Debt Issued	-	-	463.13	126.89
Long-Term Debt Issued	24,773	16,586	11,798	23,240
Total Debt Issued	24,773	16,586	12,261	23,367
Short-Term Debt Repaid	-	-	-622.76	-212.47
Long-Term Debt Repaid	-24,829	-15,732	-12,294	-23,040
Total Debt Repaid	-24,829	-15,732	-12,917	-23,253
Net Debt Issued (Repaid)	-56.69	853.55	-655.38	114.32
Issuance of Common Stock	-	-	77.21	-
Repurchase of Common Stock	-6.2	-50.85	-325.51	-144.58
Common Dividends Paid	-525.46	-399.53	-1,059	-
Other Financing Activities	-63.42	129.37	-148.75	183.16
Financing Cash Flow	-651.77	532.53	-2,112	152.9
Foreign Exchange Rate Adjustments	-39.07	-39.45	-296.43	82.7
Net Cash Flow	-959.44	684.49	-988.43	2,538
Free Cash Flow	-385.42	1,144	1,540	2,111
Free Cash Flow Growth	-	-25.72%	-27.08%	-15.49%
Free Cash Flow Margin	-0.98%	2.82%	4.47%	5.13%
Free Cash Flow Per Share	-0.14	0.43	0.55	0.68
Cash Interest Paid	136.53	101.66	103.92	127.29
Cash Income Tax Paid	353.97	271.44	618.13	206.14
Levered Free Cash Flow	-775.12	1,609	846.74	1,101
Unlevered Free Cash Flow	-689.71	1,672	911.23	1,180
Change in Working Capital	812.83	-624.56	371.12	-1,749

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