Petro-king Oilfield Services Limited (HKG:2178)

HKG:2178 Cash Flow Statement

Financials in millions HKD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-0.34	23.19	-17.79	-73.51	-28.59	-81.79
Depreciation & Amortization	13.5	15.47	25.88	36.31	37.13	50.91
Other Amortization	-	-	-	-	-	0.07
Loss (Gain) From Sale of Assets	0.49	0.49	1.81	-4.47	2.94	0.37
Asset Writedown & Restructuring Costs	-	-	-	58.9	-	25.12
Loss (Gain) From Sale of Investments	1.37	1.37	-10.34	-10.76	-6.22	9.44
Loss (Gain) on Equity Investments	-15.78	-15.78	7	-8.67	-3.64	-4.4
Stock-Based Compensation	0.36	0.36	0.88	2.11	0.24	0.62
Provision & Write-off of Bad Debts	1.23	1.23	-1.57	1.3	0.01	-0.23
Other Operating Activities	34.55	-2.19	5.07	14.16	-1.72	-15.97
Change in Accounts Receivable	4.57	4.57	35.99	0.37	-82.85	111.63
Change in Inventory	-2.88	-2.88	14.77	-10.4	7.5	-11.16
Change in Accounts Payable	11.9	11.9	-18.57	-28.76	94.25	38.73
Change in Other Net Operating Assets	-2.49	-2.49	-23.92	-5.32	-	-
Operating Cash Flow	46.49	35.25	19.21	-28.71	19.06	123.27
Operating Cash Flow Growth	86.92%	83.52%	-	-	-84.54%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-20.33	-3.54	-7.69	-0.87	-3.76	-4.35
Sale of Property, Plant & Equipment	-	0.01	0.03	5.48	20.81	-
Divestitures	-	-	-	-	-	25.05
Sale (Purchase) of Intangibles	-	-	-	-	-	-1.28
Investment in Securities	-	-	5.48	8.95	2.25	-
Other Investing Activities	7.17	0.3	17.7	30.05	7.93	-48.5
Investing Cash Flow	-13.16	-3.23	15.51	43.61	27.22	-29.07

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	7.14	-	10.53	6	0.06
Long-Term Debt Issued	-	171.45	72.92	83.32	100.92	97.26
Total Debt Issued	130.46	178.59	72.92	93.85	106.92	97.32
Short-Term Debt Repaid	-	-	-3.53	-	-	-
Long-Term Debt Repaid	-	-183.84	-112.13	-123.34	-135.42	-218.66
Lease Payments	-1.51	-1.73	-1.91	-1.64	-2.06	-6.66
Total Debt Repaid	-166.11	-183.84	-115.66	-123.34	-135.42	-218.66
Net Debt Issued (Repaid)	-35.66	-5.24	-42.74	-29.49	-28.51	-121.34
Other Financing Activities	-	-	-	-	-	22.48
Financing Cash Flow	-35.66	-5.24	-42.74	-29.49	-28.51	-98.86

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	8.48	2.16	-2.67	0.93	-4.29	1.59
Net Cash Flow	6.16	28.93	-10.69	-13.67	13.48	-3.08

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	26.16	31.71	11.51	-29.58	15.29	118.91
Free Cash Flow Growth	30.33%	175.39%	-	-	-87.14%	-
Free Cash Flow Margin	12.46%	11.59%	3.91%	-9.37%	4.87%	72.52%
Free Cash Flow Per Share	0.01	0.02	0.01	-0.02	0.01	0.07
Levered Free Cash Flow	23.35	41.53	18.82	-11.66	59	67.94
Unlevered Free Cash Flow	29.13	48.65	26.85	-2.29	65.75	80.75
Free Cash Flow After Leases	24.65	29.98	9.6	-31.22	13.24	112.25

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	10.65	13.64	10.29	14.24	10.66	24.81
Cash Income Tax Paid	1.02	1.03	1.61	3.3	3.01	-
Change in Working Capital	11.11	11.11	8.27	-44.1	18.9	139.2

Data Source: S&P Global Market Intelligence Last updated: Sep 11, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 25, 2026

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