Man Shing Global Holdings Cash Flow Statement

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	-12.96	-7.23	16.1	28.26	2.25	28.62
Depreciation & Amortization	9.11	10.4	10.81	16.26	9.94	8.58
Loss (Gain) From Sale of Assets	-4.2	-4.2	0.03	-0.17	-0.72	-0.94
Loss (Gain) From Sale of Investments	-0.01	-0.01	0.25	-	-	-
Provision & Write-off of Bad Debts	0.27	0.27	-0.11	-0.04	0.03	0.13
Other Operating Activities	-36.89	20.1	22.47	27.6	13.44	4.38
Change in Accounts Receivable	57.95	57.95	3.51	-18.76	-34.18	-0.26
Change in Accounts Payable	-0.76	-0.76	1.9	1.61	2.97	-0.95
Change in Other Net Operating Assets	-107.82	-107.82	2.6	15.19	2.91	2.91
Operating Cash Flow	-95.31	-31.3	57.54	69.95	-3.35	42.46
Operating Cash Flow Growth	-	-	-17.75%	-	-	77.60%
Capital Expenditures	-10.82	-10.82	-6.07	-15.19	-2.72	-0.49
Sale of Property, Plant & Equipment	15.99	15.99	-	0.2	0.75	1.2
Other Investing Activities	74.17	57.02	-19.05	5.57	-29.84	-2.02
Investing Cash Flow	79.34	62.19	-25.11	-9.42	-31.81	-1.31
Short-Term Debt Issued	-	304.86	527.77	655.37	367.64	220
Total Debt Issued	304.86	304.86	527.77	655.37	367.64	220
Short-Term Debt Repaid	-	-316.6	-541.71	-699.87	-	-
Long-Term Debt Repaid	-	-16.41	-16.28	-18.63	-320.45	-230.76
Total Debt Repaid	-333.01	-333.01	-557.99	-718.5	-320.45	-230.76
Net Debt Issued (Repaid)	-28.15	-28.15	-30.22	-63.13	47.19	-10.76
Common Dividends Paid	-	-	-	-	-9	-
Other Financing Activities	-22.25	-	-	-	-	-
Financing Cash Flow	-50.4	-28.15	-30.22	-63.13	38.19	-10.76
Net Cash Flow	-66.36	2.75	2.21	-2.6	3.04	30.39
Free Cash Flow	-106.12	-42.11	51.47	54.76	-6.06	41.97
Free Cash Flow Growth	-	-	-6.01%	-	-	90.73%
Free Cash Flow Margin	-25.62%	-6.22%	5.02%	5.49%	-0.91%	7.23%
Free Cash Flow Per Share	-0.18	-0.07	0.09	0.09	-0.01	0.07
Cash Interest Paid	3.41	3.41	7.44	5.69	2.7	2.03
Cash Income Tax Paid	4.7	4.7	11.95	7.64	3.3	4.87
Levered Free Cash Flow	12.57	39.83	47.05	24.28	-48.96	28.36
Unlevered Free Cash Flow	13.11	41.96	51.69	27.83	-47.27	29.62
Change in Working Capital	-50.63	-50.63	8	-1.97	-28.3	1.7

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