G & M Holdings 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	55.57	43.19	57	43.4	36.8
Depreciation & Amortization	4.12	4.32	4.39	6.34	6.73
Loss (Gain) From Sale of Investments	-0.34	-0.08	0.21	0.36	0.19
Stock-Based Compensation	-	-	-	-	0.12
Provision & Write-off of Bad Debts	-0.22	3.54	-	-	0
Other Operating Activities	-9.63	10.18	3.95	-1.12	3.97
Change in Accounts Receivable	62.33	47.24	11.7	88.4	-119.73
Change in Inventory	0.41	-0.03	-0.1	1.34	-0.9
Change in Accounts Payable	-24.19	14.22	3.4	-11.83	17.77
Change in Unearned Revenue	-37.41	38.61	47.79	-6.07	6.25
Change in Other Net Operating Assets	-	-	5	-	-
Operating Cash Flow	50.65	161.2	133.33	120.81	-50.33
Operating Cash Flow Growth	-68.58%	20.91%	10.36%	-	-
Capital Expenditures	-1.05	-1.55	-1.79	-0.34	-5.1
Investment in Securities	112.63	81.08	-52.99	-140	-
Other Investing Activities	5.98	9.86	-24.71	0.71	0.04
Investing Cash Flow	117.56	89.39	-79.48	-139.63	-5.07
Short-Term Debt Issued	-	-	-	4.4	21.02
Total Debt Issued	-	-	-	4.4	21.02
Short-Term Debt Repaid	-	-	-	-20.25	-6.3
Long-Term Debt Repaid	-3.17	-3.29	-2.97	-2.81	-2.89
Total Debt Repaid	-3.17	-3.29	-2.97	-23.05	-9.18
Net Debt Issued (Repaid)	-3.17	-3.29	-2.97	-18.66	11.84
Issuance of Common Stock	-	0.48	-	-	-
Common Dividends Paid	-	-80.2	-33	-11	-16.5
Other Financing Activities	-0.45	-0.74	-0.71	-0.88	-0.8
Financing Cash Flow	-3.62	-83.74	-36.68	-30.54	-5.46
Foreign Exchange Rate Adjustments	-0	-0.07	-0.05	-0.14	0.02
Net Cash Flow	164.58	166.78	17.11	-49.49	-60.84
Free Cash Flow	49.6	159.65	131.54	120.47	-55.43
Free Cash Flow Growth	-68.93%	21.37%	9.19%	-	-
Free Cash Flow Margin	13.04%	37.19%	26.49%	31.47%	-13.75%
Free Cash Flow Per Share	0.05	0.16	0.13	0.12	-0.06
Cash Interest Paid	0.45	0.74	0.17	0.35	0.8
Cash Income Tax Paid	13.77	22.08	2.21	8.86	4.2
Levered Free Cash Flow	64.45	118.86	97.35	117.56	-66.37
Unlevered Free Cash Flow	64.73	119.32	97.8	117.78	-65.86
Change in Working Capital	1.14	100.04	67.78	71.83	-98.15

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