ETS Group Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	15.66	17.51	-7.92	-9.3	-18.62	-5.14
Depreciation & Amortization	3.11	2.12	0.58	1.19	5.95	7.39
Other Amortization	1.16	1.22	1.67	2.61	3.4	4.62
Loss (Gain) From Sale of Assets	-3.64	-3.64	-2.3	0.01	0.62	2.44
Asset Writedown & Restructuring Costs	-	-	-	-	-	4.53
Loss (Gain) From Sale of Investments	-27.13	-27.13	5.91	12.04	17.76	12.97
Loss (Gain) on Equity Investments	0.25	0.25	0.25	0.17	-	-
Other Operating Activities	-12.44	-8.96	10.78	0.25	1.77	-2.4
Change in Accounts Receivable	19.46	19.46	3.98	18.37	-19.4	-7.53
Change in Accounts Payable	-	-	-	-10.39	3.9	-4.32
Change in Unearned Revenue	-0.27	-0.27	-0.03	0.36	0	-0.04
Change in Other Net Operating Assets	4.74	4.74	1.18	10.14	-4.86	-1.92
Operating Cash Flow	10.01	14.41	5.34	25.43	-8.08	10.6
Operating Cash Flow Growth	-	169.72%	-78.99%	-	-	-70.79%
Capital Expenditures	-0.54	-0.54	-0.2	-0.21	-1.76	-0.18
Divestitures	0.45	0.45	2.28	-	-	-
Sale (Purchase) of Intangibles	-0.73	-0.73	-0.72	-0.69	-1.24	-1.28
Investment in Securities	10.9	10.9	20.2	-20	-12.9	-1.45
Other Investing Activities	-8.94	0.48	7.01	-0.82	3.04	0.1
Investing Cash Flow	1.14	10.56	28.57	-21.72	-12.86	-2.82
Long-Term Debt Issued	-	-	-	2	9.5	3
Long-Term Debt Repaid	-	-1.85	-5.19	-0.89	-6.19	-8.83
Net Debt Issued (Repaid)	-1.85	-1.85	-5.19	1.11	3.32	-5.83
Common Dividends Paid	-	-	-48.54	-	-	-
Other Financing Activities	-1.22	-0.19	-0.03	-0.1	-0.13	-0.4
Financing Cash Flow	-3.07	-2.04	-53.76	1.01	3.19	-6.23
Net Cash Flow	8.08	22.94	-19.85	4.73	-17.75	1.56
Free Cash Flow	9.47	13.88	5.15	25.22	-9.83	10.42
Free Cash Flow Growth	-	169.70%	-79.60%	-	-	-67.58%
Free Cash Flow Margin	10.02%	14.66%	6.78%	29.56%	-11.13%	9.97%
Free Cash Flow Per Share	0.03	0.05	0.02	0.09	-0.04	0.04
Cash Interest Paid	0.19	0.19	0.03	0.1	0.13	0.4
Cash Income Tax Paid	0.42	0.42	0.27	1	-0.46	2.66
Levered Free Cash Flow	10.63	13.44	19.18	29.04	-13.64	-0.31
Unlevered Free Cash Flow	10.78	13.56	19.6	29.72	-13.33	-0.06
Change in Working Capital	23.93	23.93	5.13	18.48	-18.95	-13.81

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