HKG:2778 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	-3,267	-2,087	220.62	-749.32	-831.36
Gain (Loss) on Sale of Investments	-	-	-	20.15	-
Asset Writedown	3,978	2,899	641.38	1,749	2,079
Stock-Based Compensation	98.3	110.64	118.15	123.21	133
Income (Loss) on Equity Investments	-9.23	-25.07	69.35	42.51	-22.31
Change in Accounts Receivable	22.24	-4.96	38.92	41.44	9.15
Change in Accounts Payable	-19.51	44.57	36.04	-79.67	139.43
Change in Other Net Operating Assets	-43.78	-14.95	-3.33	-73.58	-13.06
Other Operating Activities	-48.2	-50.7	44.47	187.16	-1.98
Operating Cash Flow	711.56	872.4	1,167	1,267	1,495
Operating Cash Flow Growth	-18.44%	-25.23%	-7.89%	-15.28%	39.01%
Acquisition of Real Estate Assets	-53.26	-53.43	-36.18	-8.23	-27.41
Net Sale / Acq. of Real Estate Assets	-53.26	-53.43	-36.18	-8.23	-27.41
Investment in Marketable & Equity Securities	34.39	16.81	94.87	-145.25	-90.77
Other Investing Activities	25.35	101.64	136.61	-26.89	1,243
Investing Cash Flow	6.47	65.02	195.3	-180.38	1,125
Long-Term Debt Issued	5,924	6,735	5,719	200	2,955
Long-Term Debt Repaid	-5,928	-6,864	-5,736	-962.24	-4,100
Net Debt Issued (Repaid)	-4	-128.64	-17.59	-762.24	-1,145
Common Dividends Paid	-804.6	-949.28	-1,092	-1,276	-1,463
Other Financing Activities	-10.08	-31.67	-22.18	-8.5	-25.5
Net Cash Flow	-100.65	-172.17	229.84	-960.17	-13.37
Cash Interest Paid	582.97	646.22	613.24	416.63	413.67
Cash Income Tax Paid	161.79	199.18	103.53	100.45	268.99
Levered Free Cash Flow	467.21	653.32	721.97	733.67	510.71
Unlevered Free Cash Flow	830.84	1,071	1,105	1,009	776.3
Change in Working Capital	-41.05	24.67	71.63	-111.81	135.52