Steve Leung Design Group 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	1.81	-18.84	-62.44	2.94
Depreciation & Amortization	24.59	25.63	35.73	39.79
Other Amortization	0.39	0.41	0.42	0.48
Loss (Gain) From Sale of Assets	-0.04	0.21	0.02	0.07
Loss (Gain) From Sale of Investments	-	-	-	-0.31
Stock-Based Compensation	-	-	1.57	-
Provision & Write-off of Bad Debts	6.45	24.72	30.35	40.17
Other Operating Activities	10.6	-1.85	3.49	-15.57
Change in Accounts Receivable	-21.85	-4.61	-49.83	-2.93
Change in Inventory	0.02	-0.01	-0.01	0.15
Change in Accounts Payable	6.71	3.18	3.74	4.23
Change in Unearned Revenue	4.99	-8.67	0.99	6.02
Change in Other Net Operating Assets	-3.68	1.55	1.3	-8.2
Operating Cash Flow	29.99	21.72	-34.66	66.83
Operating Cash Flow Growth	38.07%	-	-	19.06%
Capital Expenditures	-2.56	-1.09	-4.82	-5.88
Sale of Property, Plant & Equipment	0.19	0.14	0	0.05
Sale (Purchase) of Intangibles	-0.01	-0.08	-0	-
Investment in Securities	-	-	30.3	-29.88
Other Investing Activities	0.26	0.35	0.43	6.37
Investing Cash Flow	-2.11	-0.67	25.92	-29.33
Short-Term Debt Issued	265	170	170	140
Total Debt Issued	265	170	170	140
Short-Term Debt Repaid	-275	-170	-160	-146.91
Long-Term Debt Repaid	-21.07	-19.99	-25.06	-24.96
Total Debt Repaid	-296.07	-189.99	-185.06	-171.87
Net Debt Issued (Repaid)	-31.07	-19.99	-15.06	-31.87
Issuance of Common Stock	-	-	-	0.21
Common Dividends Paid	-	-	-57.07	-34.23
Other Financing Activities	-3.57	-4.43	-3.68	-4.01
Financing Cash Flow	-34.64	-24.42	-75.82	-69.9
Foreign Exchange Rate Adjustments	-1.25	-1.08	-8.77	3.79
Net Cash Flow	-8.01	-4.45	-93.32	-28.6
Free Cash Flow	27.44	20.64	-39.47	60.96
Free Cash Flow Growth	32.95%	-	-	40.78%
Free Cash Flow Margin	7.46%	5.80%	-10.36%	13.40%
Free Cash Flow Per Share	0.02	0.02	-0.04	0.05
Cash Interest Paid	3.57	4.43	3.68	4.01
Cash Income Tax Paid	3.43	7.88	3.45	20.65
Levered Free Cash Flow	27.9	32.39	2.58	64.1
Unlevered Free Cash Flow	30.14	35.16	4.88	66.6
Change in Working Capital	-13.81	-8.56	-43.8	-0.73

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