Modern Dental Group Limited (HKG:3600)

Modern Dental Group Cash Flow Statement

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

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	596.97	408	404.1	220.46	360.83
Depreciation & Amortization	144.37	132.62	139.49	145.2	139.29
Other Amortization	4.77	6.55	6.06	2.86	1.11
Loss (Gain) From Sale of Assets	0.7	-0.13	0.55	0.4	0.5
Asset Writedown & Restructuring Costs	1.32	2.76	0.7	0.12	0.61
Loss (Gain) on Equity Investments	-0.03	1.16	0.29	-0.39	-0.54
Stock-Based Compensation	1.23	-	-	-	-
Other Operating Activities	72.03	-14.17	8.28	-1.05	83.17
Change in Accounts Receivable	-7.35	-31.46	-21.37	-61.52	-60.6
Change in Inventory	-7.97	-5.17	-7.77	-21.86	-14.75
Change in Accounts Payable	9.86	-13.63	3.42	-3.54	14.05
Change in Other Net Operating Assets	-52.79	34.65	42.02	-22.4	1.47
Operating Cash Flow	763.1	521.19	575.76	258.28	525.14
Operating Cash Flow Growth	46.41%	-9.48%	122.92%	-50.82%	31.23%
Capital Expenditures	-71.98	-141.83	-159.72	-185.37	-141.45
Sale of Property, Plant & Equipment	4.75	8.02	6.72	6.68	5.36
Cash Acquisitions	-210.89	-	-4.12	-11.26	-4.68
Investment in Securities	-	-	-0.98	-39.46	-1.87
Other Investing Activities	-0.01	-11.67	3.14	1.51	-0.02
Investing Cash Flow	-278.14	-145.47	-154.96	-227.89	-142.65
Long-Term Debt Issued	274.55	600	216.75	752.75	-
Long-Term Debt Repaid	-596.39	-590.61	-224.87	-850.99	-239.42
Net Debt Issued (Repaid)	-321.84	9.39	-8.12	-98.24	-239.42
Repurchase of Common Stock	-30.54	-25.05	-20.15	-3.6	-7.9
Common Dividends Paid	-186.3	-160.66	-99.03	-77.47	-138.7
Other Financing Activities	-36.98	-51.38	-46.35	-22.48	-18.29
Financing Cash Flow	-575.66	-227.7	-173.64	-201.79	-452.12
Foreign Exchange Rate Adjustments	40.9	-28.88	6.15	-17.38	4.96
Net Cash Flow	-49.79	119.13	253.32	-188.78	-64.67
Free Cash Flow	691.12	379.37	416.04	72.91	383.69
Free Cash Flow Growth	82.18%	-8.82%	470.63%	-81.00%	17.08%
Free Cash Flow Margin	18.50%	11.28%	13.12%	2.58%	12.98%
Free Cash Flow Per Share	0.74	0.40	0.44	0.08	0.40
Cash Interest Paid	33.97	51.38	46.35	24.33	20.1
Cash Income Tax Paid	124.33	184.8	137.67	97.41	43.15
Levered Free Cash Flow	450.28	229.99	299.54	25.7	286.92
Unlevered Free Cash Flow	471.51	262.06	325	40.91	299.48
Change in Working Capital	-58.24	-15.6	16.3	-109.32	-59.82

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