Global Corn Group 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	-131.87	66.62	289.52	-212.49	-96.26
Depreciation & Amortization	44.19	28.47	62.48	58.93	68.25
Other Amortization	9.73	4.46	-	0.63	-
Loss (Gain) From Sale of Assets	9.4	-31.9	-	-	0.38
Asset Writedown & Restructuring Costs	-	-	21.28	-	-
Provision & Write-off of Bad Debts	-0.44	-0.01	-0.08	0.45	0.03
Other Operating Activities	23.26	-164.07	-845.32	130.34	-52.59
Change in Accounts Receivable	21.31	-4.75	-20.75	44.49	-1.29
Change in Inventory	-2.84	-0.12	6.62	19.15	-9.23
Change in Accounts Payable	-29.66	19.51	72.45	-20.63	-143.82
Change in Other Net Operating Assets	21.03	-32.73	70.77	45.71	-49.32
Operating Cash Flow	-35.88	-114.51	88.39	13.28	-283.86
Operating Cash Flow Growth	-	-	565.84%	-	-
Capital Expenditures	-2.02	-77.88	-0.59	-0.14	-1.59
Sale of Property, Plant & Equipment	1.4	1.37	-	-	0.11
Divestitures	-	-0.01	-	-	-
Other Investing Activities	-	-	-0	19.77	384.6
Investing Cash Flow	-0.62	-76.51	-0.59	19.64	383.12
Short-Term Debt Issued	51.72	65.08	24.61	53.13	21.81
Long-Term Debt Issued	-	128.35	-	-	173.05
Total Debt Issued	51.72	193.43	24.61	53.13	194.86
Short-Term Debt Repaid	-43.38	-10.46	-96.7	-15.67	-106.28
Long-Term Debt Repaid	-0.13	-	-5.69	-68.95	-161.59
Total Debt Repaid	-43.51	-10.46	-102.39	-84.62	-267.86
Net Debt Issued (Repaid)	8.21	182.97	-77.78	-31.49	-73
Issuance of Common Stock	4.1	-	-	-	-
Other Financing Activities	20.31	-0.15	-0.52	-4.64	-39.93
Financing Cash Flow	32.62	182.82	-78.3	-36.13	-112.93
Foreign Exchange Rate Adjustments	0.13	-0.25	-0.23	-0.33	0.21
Net Cash Flow	-3.75	-8.45	9.28	-3.55	-13.45
Free Cash Flow	-37.91	-192.38	87.8	13.14	-285.45
Free Cash Flow Growth	-	-	568.25%	-	-
Free Cash Flow Margin	-7.72%	-30.86%	19.92%	3.65%	-39.20%
Free Cash Flow Per Share	-0.02	-0.09	0.06	0.01	-0.19
Cash Interest Paid	1.07	0.15	0.52	4.64	39.93
Levered Free Cash Flow	55.78	-141.18	-101.36	140.17	24.98
Unlevered Free Cash Flow	90.8	-119.59	-74.84	165.82	73.66
Change in Working Capital	9.84	-18.09	129.08	88.72	-203.66

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