Tai Hing Group Holdings Limited (HKG:6811)

Tai Hing Group Holdings Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	142.16	108.1	62.75	93.84	-43.15	99.72
Depreciation & Amortization	521.5	525.37	552.78	533.26	530.92	574.58
Loss (Gain) From Sale of Assets	2.18	2.18	6.67	11.43	25.08	16.34
Asset Writedown & Restructuring Costs	46.33	46.33	50.04	29.66	39.89	44.85
Stock-Based Compensation	-	-	-	-	0.81	0.86
Other Operating Activities	45.69	35.73	-6.32	10.34	-25.82	2.4
Change in Accounts Receivable	1.61	1.61	9.79	-10.75	-0.15	-3.52
Change in Inventory	-9.16	-9.16	5.97	1.1	4.18	-16.97
Change in Accounts Payable	5.88	5.88	2.67	-15.29	-4.32	13.24
Change in Unearned Revenue	20.36	20.36	-2.39	6.4	-16.08	-3.2
Change in Other Net Operating Assets	16.99	-0.34	1.72	24.96	5.23	-39.39
Operating Cash Flow	793.53	736.05	683.68	684.94	516.59	688.9
Operating Cash Flow Growth	10.39%	7.66%	-0.18%	32.59%	-25.01%	1.58%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-76.96	-95.99	-122.48	-135.39	-145.39	-125.09
Sale of Property, Plant & Equipment	2.15	1.36	0.59	5.6	1	2.52
Divestitures	-	-	0.09	-	-	-
Sale (Purchase) of Intangibles	-0.09	-	-	-	-0.2	-
Sale (Purchase) of Real Estate	-	-	-	-	-	-12.3
Investment in Securities	-24.45	-20	35	-3	-42	11.88
Other Investing Activities	-2.95	-3.25	-7.42	-19.8	-31.48	-10.93
Investing Cash Flow	-102.29	-117.87	-94.23	-152.6	-218.07	-133.92

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	-	-	-	120
Long-Term Debt Repaid	-	-436.35	-448.91	-429.96	-431.65	-682.81
Lease Payments	-438.6	-436.35	-448.91	-429.96	-431.65	-484.04
Net Debt Issued (Repaid)	-438.6	-436.35	-448.91	-429.96	-431.65	-562.81
Issuance of Common Stock	-	-	-	-	0.81	0.78
Repurchase of Common Stock	-	-25.12	-4.78	-	-	-
Common Dividends Paid	-155.43	-131.14	-95.51	-59.32	-74.81	-89.41
Other Financing Activities	2.38	-	-1.11	-	-	-1.6
Financing Cash Flow	-518.79	-592.61	-550.32	-489.28	-505.65	-653.05

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	4.94	4.11	-1.52	-0.51	-4.89	0.46
Net Cash Flow	177.38	29.68	37.61	42.56	-212.02	-97.6

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	716.57	640.06	561.2	549.55	371.2	563.82
Free Cash Flow Growth	16.73%	14.05%	2.12%	48.05%	-34.16%	7.31%
Free Cash Flow Margin	19.48%	18.09%	17.05%	17.11%	13.88%	17.77%
Free Cash Flow Per Share	0.74	0.66	0.56	0.55	0.37	0.56
Levered Free Cash Flow	632.62	568.7	510.57	521.66	283.42	517.07
Unlevered Free Cash Flow	656.36	593.93	533.96	540.42	301.83	538.85
Free Cash Flow After Leases	277.97	203.71	112.29	119.59	-60.45	79.78

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	-	-	-	-	-	1.6
Cash Income Tax Paid	28.89	23.19	35.46	16.2	15.57	5.3
Change in Working Capital	35.67	18.34	17.76	6.42	-11.13	-49.84

Data Source: S&P Global Market Intelligence Last updated: Sep 8, 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:

Oct 6, 2026

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