Lapco Holdings Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3.39	14.06	20.33	5.36
Depreciation & Amortization	22.2	23.69	25.9	28.21
Loss (Gain) From Sale of Assets	-6.54	-4.09	-3.55	-2.35
Provision & Write-off of Bad Debts	0.31	-	-	-
Other Operating Activities	1.58	5.85	7.52	4.49
Change in Accounts Receivable	-36.32	37.3	-43.99	-14.19
Change in Accounts Payable	0.03	-1.92	8.5	0.76
Change in Other Net Operating Assets	-15.64	9.62	32.68	-13.83
Operating Cash Flow	-30.99	84.51	47.39	8.44
Operating Cash Flow Growth	-	78.33%	461.38%	-92.29%
Capital Expenditures	-0.8	-3.78	-23.25	-13.93
Sale of Property, Plant & Equipment	19.32	4.55	4.1	3.07
Divestitures	-23.51	-	-	-
Sale (Purchase) of Intangibles	-0.18	-	-	-
Other Investing Activities	3.91	2.25	-7.9	26.95
Investing Cash Flow	-1.26	3.02	-27.05	16.09
Short-Term Debt Issued	416.15	748	949.06	1,095
Total Debt Issued	416.15	748	949.06	1,095
Short-Term Debt Repaid	-417.43	-771.84	-962.45	-1,085
Long-Term Debt Repaid	-17.62	-14.54	-21.83	-25.44
Total Debt Repaid	-435.05	-786.38	-984.29	-1,110
Net Debt Issued (Repaid)	-18.89	-38.38	-35.23	-15.2
Issuance of Common Stock	41.71	8	-	-
Other Financing Activities	-3.85	-5.95	-4.51	-4.43
Financing Cash Flow	18.97	-36.33	-39.74	-19.63
Net Cash Flow	-13.28	51.19	-19.4	4.9
Free Cash Flow	-31.79	80.73	24.14	-5.49
Free Cash Flow Growth	-	234.42%	-	-
Free Cash Flow Margin	-5.54%	8.51%	2.50%	-0.72%
Free Cash Flow Per Share	-0.36	2.16	1.21	-0.27
Cash Interest Paid	3.85	5.86	4.51	4.43
Cash Income Tax Paid	1.99	2.32	-0.65	1.73
Levered Free Cash Flow	-0.21	70.96	0.75	7.97
Unlevered Free Cash Flow	2.2	74.62	3.56	10.74
Change in Working Capital	-51.93	45	-2.81	-27.26

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.