Winox 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	-61.48	-20.33	63.73	112.4	94.42
Depreciation & Amortization	54.02	56.49	59.78	71.47	65.85
Other Amortization	0.19	0.76	0.76	0.87	0.33
Loss (Gain) From Sale of Assets	1.93	1.72	0.85	1.19	2.23
Provision & Write-off of Bad Debts	-1.6	2.07	-0.12	-0.66	1.66
Other Operating Activities	9.81	-6.9	-6.51	5.83	2.88
Change in Accounts Receivable	145.12	-65.59	108.29	223.23	-247.25
Change in Inventory	18.5	-6.68	28.8	29.76	-12.62
Change in Accounts Payable	-95.14	33.4	-40.81	-127.66	77
Operating Cash Flow	71.34	-5.08	214.76	316.42	-15.52
Operating Cash Flow Growth	-	-	-32.13%	-	-
Capital Expenditures	-55.86	-95.88	-58.36	-72.85	-111.62
Sale of Property, Plant & Equipment	1.15	0.63	0.2	0.29	0.5
Investment in Securities	27.6	-12.08	-85.9	-	-
Other Investing Activities	12.64	8.92	4.41	-3.23	-0.47
Investing Cash Flow	-14.47	-98.41	-139.66	-75.78	-111.59
Short-Term Debt Issued	133.73	72.86	124.59	316.5	322.26
Total Debt Issued	133.73	72.86	124.59	316.5	322.26
Short-Term Debt Repaid	-186.44	-54.18	-191.29	-444.07	-139.61
Long-Term Debt Repaid	-2.46	-2.73	-2.95	-4.96	-3.9
Total Debt Repaid	-188.9	-56.91	-194.24	-449.03	-143.52
Net Debt Issued (Repaid)	-55.17	15.95	-69.66	-132.53	178.74
Common Dividends Paid	-	-15	-39	-24	-18
Other Financing Activities	-1.83	-2.85	-4.63	-5.88	-4.5
Financing Cash Flow	-57	-1.9	-113.28	-162.41	156.25
Foreign Exchange Rate Adjustments	2.45	-1.26	-1.35	-14.43	3.22
Net Cash Flow	2.32	-106.65	-39.53	63.79	32.36
Free Cash Flow	15.48	-100.96	156.4	243.57	-127.13
Free Cash Flow Growth	-	-	-35.79%	-	-
Free Cash Flow Margin	2.90%	-14.81%	20.19%	21.18%	-9.18%
Free Cash Flow Per Share	0.03	-0.17	0.26	0.41	-0.21
Cash Interest Paid	1.83	2.85	4.63	5.88	4.5
Cash Income Tax Paid	3.04	1.95	13.49	10.27	13.31
Levered Free Cash Flow	26.49	-88.18	137.86	214.63	-175.88
Unlevered Free Cash Flow	27.62	-86.38	140.53	218.24	-172.92
Change in Working Capital	68.47	-38.88	96.27	125.33	-182.87

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