HKG:2191 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	-332.32	-294.53	219.47	439.67	261.41
Depreciation & Amortization	2.19	2.11	2.18	1.57	1.49
Other Amortization	0.9	1.68	0.77	0.74	0.62
Asset Writedown	610.27	614.44	-55.01	-301.23	-121.26
Change in Accounts Receivable	-26.23	-17.68	-46.21	-3.66	28.51
Change in Accounts Payable	-5.33	29.24	30.74	-34.95	-31.41
Change in Other Net Operating Assets	-31.94	-77.51	-56.8	-104.93	-84.39
Other Operating Activities	40.34	-8.44	150.73	166.55	108.18
Operating Cash Flow	257.87	249.3	245.87	163.77	163.16
Operating Cash Flow Growth	3.44%	1.40%	50.13%	0.38%	-23.70%
Acquisition of Real Estate Assets	-1.67	-12.49	-4.6	-2.35	-3.22
Net Sale / Acq. of Real Estate Assets	-1.67	-12.49	-4.6	-2.35	-3.22
Cash Acquisition	-	-	-	-247.91	-2,133
Investment in Marketable & Equity Securities	30.02	-40.02	-	-	-
Other Investing Activities	95.66	89.29	98.06	63.16	35.85
Investing Cash Flow	124.02	36.77	93.46	-187.09	-2,101
Long-Term Debt Issued	59.34	-	-	261.89	-
Total Debt Issued	59.34	-	-	261.89	2,882
Long-Term Debt Repaid	-108.91	-46.07	-80.07	-41.24	-
Total Debt Repaid	-108.91	-46.07	-80.07	-41.24	-4,083
Net Debt Issued (Repaid)	-49.57	-46.07	-80.07	220.65	-1,201
Issuance of Common Stock	-	-	-	-	3,884
Common Dividends Paid	-211.09	-232.13	-229.68	-247.3	-
Other Financing Activities	-97.1	-104.18	-113.1	-72.22	-150.1
Foreign Exchange Rate Adjustments	1.31	-0.44	-0.37	-1.13	0.61
Net Cash Flow	25.45	-96.75	-83.89	-123.32	596.18
Cash Interest Paid	88.56	107.46	113.1	72.22	32.64
Cash Income Tax Paid	18.01	13.39	13.31	8.48	4.93
Levered Free Cash Flow	186.27	105.32	117.87	132.75	-242.96
Unlevered Free Cash Flow	238.68	176.79	188.32	177.75	-222.31
Change in Working Capital	-63.5	-65.96	-72.27	-143.54	-87.28

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