M&L Holdings 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	-8.27	-12.83	6.89	-8.45	-9.06	-5.38
Depreciation & Amortization	3.39	4.2	4.37	3.24	3.65	3.65
Loss (Gain) From Sale of Assets	-	-	-0.01	-	-	-0.02
Asset Writedown & Restructuring Costs	-0.14	-0.14	-0.11	-0.09	-0.09	-0.09
Provision & Write-off of Bad Debts	-1.09	-1.09	1.09	1.49	0.79	-1.12
Other Operating Activities	-15.09	-1.11	2.05	-1.15	-1.1	-1.48
Change in Accounts Receivable	11.1	11.1	1.64	6.57	10.05	15.93
Change in Inventory	0.92	0.92	9.95	-8.83	6.15	-5.61
Change in Accounts Payable	6.11	6.11	-6.5	6.45	-11.73	-11.09
Change in Unearned Revenue	-0.4	-0.4	-11.08	8.91	1.12	1.44
Change in Other Net Operating Assets	-0.6	-0.6	0.11	-0.25	0.19	0.09
Operating Cash Flow	-4.06	6.16	8.41	7.88	-0.04	-3.69
Operating Cash Flow Growth	-	-26.70%	6.69%	-	-	-
Capital Expenditures	-14.73	-0.57	-0.68	-0.37	-0.59	-0.57
Sale of Property, Plant & Equipment	29.74	-	0.01	-	-	0.02
Other Investing Activities	-0.16	-0.16	-0.21	-0.16	-0.2	-
Investing Cash Flow	14.85	-0.73	-0.88	-0.53	-0.79	-0.55
Long-Term Debt Issued	-	18	23	25	33	4
Total Debt Issued	13.4	18	23	25	33	4
Short-Term Debt Repaid	-	-1.22	-0.5	-0.28	-0.9	-0.1
Long-Term Debt Repaid	-	-26.75	-29.94	-29.6	-26.31	-3.97
Total Debt Repaid	-22.46	-27.97	-30.44	-29.88	-27.21	-4.07
Net Debt Issued (Repaid)	-9.06	-9.97	-7.44	-4.88	5.79	-0.07
Financing Cash Flow	-9.06	-9.97	-7.44	-4.88	5.79	-0.07
Foreign Exchange Rate Adjustments	0.38	-0.38	-0.02	-0.2	-0.06	0.25
Net Cash Flow	2.11	-4.91	0.07	2.27	4.91	-4.05
Free Cash Flow	-18.79	5.6	7.73	7.51	-0.62	-4.25
Free Cash Flow Growth	-	-27.63%	3.01%	-	-	-
Free Cash Flow Margin	-32.84%	8.26%	5.03%	8.62%	-0.72%	-6.00%
Free Cash Flow Per Share	-0.03	0.01	0.01	0.01	-0.00	-0.01
Cash Interest Paid	1.49	2.19	3.08	1.93	2.16	2.73
Cash Income Tax Paid	1.15	1.15	-0.02	0.02	0.65	-0.11
Levered Free Cash Flow	-5.76	-16.56	6.22	13.25	0.95	-4.6
Unlevered Free Cash Flow	-4.72	-15.27	8	14.53	2.14	-2.92
Change in Working Capital	17.13	17.13	-5.88	12.85	5.77	0.75

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