SL Gemini Energy Co., Ltd (HKG:2481)

SL Gemini Energy Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	170.21	164.15	148.98	96.43	110.7
Depreciation & Amortization	245.75	230.04	220.4	213.62	200.55
Other Amortization	0.57	1.13	1.15	1.16	1.27
Loss (Gain) on Sale of Assets	-0.36	0.01	-0.93	-1.37	-0.35
Loss (Gain) on Sale of Investments	-	-0	-	-0.15	-1.41
Loss (Gain) on Equity Investments	-17.16	-16.1	-15.37	-13.54	-11.96
Asset Writedown	10.15	12.29	3.98	14.7	2
Change in Accounts Receivable	-28.72	-199.74	-75.75	59.97	-23.33
Change in Inventory	-2.46	3.83	12.06	-10.75	-5.28
Change in Accounts Payable	134.95	-1.34	137.45	127.34	-11.38
Change in Unearned Revenue	-216.94	97.39	192.61	170.48	175.55
Change in Other Net Operating Assets	31.75	12.29	2.81	-51.41	-3.01
Other Operating Activities	59.63	64.84	47.55	11.36	66.67
Operating Cash Flow	387.36	368.8	674.92	617.84	500.03
Operating Cash Flow Growth	5.03%	-45.36%	9.24%	23.56%	12.99%

Investing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-15.17	-9.52	-21.28	-15.23	-4.75
Sale of Property, Plant & Equipment	0.46	0.24	4.38	0.82	0.02
Sale (Purchase) of Intangibles	-49.09	-356.74	-292.73	-258.13	-295.33
Investment in Securities	4	19.21	36.18	17.29	67.73
Other Investing Activities	48.13	43.62	27.2	102.22	129.41
Investing Cash Flow	-11.66	-299	-246.26	-117.86	-98.73

Financing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	0.4	-	-	-	-
Long-Term Debt Issued	384.95	317.69	220.35	846.01	501
Total Debt Issued	385.35	317.69	220.35	846.01	501
Long-Term Debt Repaid	-422.25	-311.23	-386.46	-986.45	-754.38
Net Debt Issued (Repaid)	-36.91	6.46	-166.11	-140.44	-253.38
Issuance of Common Stock	-	-	238.84	-	-
Common Dividends Paid	-49.46	-45.24	-	-	-
Dividends Paid	-49.46	-45.24	-	-	-
Other Financing Activities	-78.53	-98.52	-166.29	-117.66	-103.56
Financing Cash Flow	-164.89	-137.3	-93.56	-258.1	-356.94

Net Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	210.8	-67.5	335.11	241.88	44.36

Free Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	372.19	359.28	653.64	602.61	495.28
Free Cash Flow Growth	3.59%	-45.03%	8.47%	21.67%	28.67%
Free Cash Flow Margin	24.71%	21.80%	42.61%	41.74%	38.38%
Free Cash Flow Per Share	1.23	1.19	2.49	2.67	2.19
Levered Free Cash Flow	495.5	-119.46	305.48	78.4	10.86
Unlevered Free Cash Flow	519.08	-93.14	336.06	121.07	61.22

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	36.11	41.82	48.12	66.72	79.56
Cash Income Tax Paid	48.38	58.64	61.89	59.96	37.32
Change in Working Capital	-81.43	-87.56	269.17	295.62	132.55

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 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 2, 2026

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