HKG:2339 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	-41.91	-127.97	-55.32	-4.89	-9.31
Depreciation & Amortization	110.22	98.81	105.59	100.59	111.72
Other Amortization	-	-	-	5.05	0.32
Loss (Gain) From Sale of Assets	6	-4.26	-10.74	-5.48	-6.11
Asset Writedown & Restructuring Costs	49.11	-	-	6.95	-
Provision & Write-off of Bad Debts	-3.79	0.51	2.07	-0.13	1
Other Operating Activities	19.7	11.01	25.08	51.87	26.2
Change in Accounts Receivable	25.77	57.27	-4.5	-10.81	50.19
Change in Inventory	-57.2	-13.94	-10.8	16.51	9.13
Change in Accounts Payable	29.81	26.74	45.97	-13.19	-63.53
Change in Other Net Operating Assets	30.27	51.44	-26.61	-32.46	-185.75
Operating Cash Flow	167.97	99.61	70.74	114.02	-66.12
Operating Cash Flow Growth	68.62%	40.81%	-37.96%	-	-
Capital Expenditures	-132.36	-117.38	-48.81	-55.1	-54.46
Sale of Property, Plant & Equipment	3.57	8.78	17.28	7.46	10.6
Other Investing Activities	0.23	-	-	0.32	0.15
Investing Cash Flow	-128.55	-108.6	-31.52	-47.32	-43.71
Short-Term Debt Issued	-	-	-	-	6.15
Total Debt Issued	-	-	-	-	6.15
Long-Term Debt Repaid	-38.47	-33.76	-32.68	-97.74	-77.72
Total Debt Repaid	-38.47	-33.76	-32.68	-97.74	-77.72
Net Debt Issued (Repaid)	-38.47	-33.76	-32.68	-97.74	-71.57
Issuance of Common Stock	-	46.42	-	-	-
Other Financing Activities	-	-	-	-5.92	-8.2
Financing Cash Flow	-38.47	12.67	-32.68	-103.66	-79.76
Foreign Exchange Rate Adjustments	7.72	-5.59	6.65	-24.83	-49.95
Net Cash Flow	8.67	-1.91	13.18	-61.79	-239.55
Free Cash Flow	35.61	-17.77	21.94	58.92	-120.58
Free Cash Flow Growth	-	-	-62.77%	-	-
Free Cash Flow Margin	1.20%	-0.64%	0.81%	2.38%	-4.63%
Free Cash Flow Per Share	0.04	-0.03	0.04	0.10	-0.21
Cash Interest Paid	-	-	-	5.92	8.2
Cash Income Tax Paid	16.12	28.47	-17.9	3.94	21.13
Levered Free Cash Flow	-24.02	117.3	-9.11	-2.82	-158.95
Unlevered Free Cash Flow	-19.07	122.01	-3.95	6.58	-147.48
Change in Working Capital	28.65	121.52	4.05	-39.95	-189.95

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