Activation Group Holdings Limited (HKG:9919)
Hong Kong · Delayed Price · Currency is HKD 0.7500
0.00 (0.00%)
Sep 25, 2026, 3:46 PM HKT
Activation Group Holdings Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 66.85 | 76 | 79.24 | 107.99 | 23.63 | 92.49 |
Depreciation & Amortization | 4.66 | 4.72 | 4.84 | 4.99 | 5 | 6.07 |
Other Amortization | 0.21 | 0.24 | 0.26 | 0.2 | 0.12 | 0.13 |
Loss (Gain) From Sale of Assets | 0.04 | - | - | - | - | -0.7 |
Asset Writedown & Restructuring Costs | - | - | - | - | 0.09 | - |
Loss (Gain) From Sale of Investments | -7.43 | -7.43 | 0.17 | 3.81 | 0.66 | -0.22 |
Loss (Gain) on Equity Investments | -2.71 | -3.48 | -4.41 | -4.2 | -0.32 | 3.82 |
Stock-Based Compensation | - | 0.33 | 16.58 | 9.75 | 18.62 | - |
Provision & Write-off of Bad Debts | 2.24 | 3.05 | 5.29 | 1.03 | 8.96 | 1.42 |
Other Operating Activities | -0.44 | -5.18 | -3.4 | 19.69 | -0.96 | 16.85 |
Change in Accounts Receivable | -1.76 | -1.86 | 127.42 | -89.81 | -86.13 | -10.41 |
Change in Accounts Payable | 18.8 | -48.47 | -44.7 | 49.81 | 67.84 | 78.3 |
Change in Other Net Operating Assets | -3.68 | -24.76 | -11.68 | 11.85 | 23.48 | -12.38 |
Operating Cash Flow | 76.79 | -6.84 | 169.61 | 115.12 | 61 | 175.36 |
Operating Cash Flow Growth | 4.90% | - | 47.33% | 88.72% | -65.21% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -0.29 | -0.65 | -1.86 | -0.66 | -3.18 | -4.25 |
Sale of Property, Plant & Equipment | - | - | 0.03 | 0.03 | 0 | 0.02 |
Divestitures | - | - | 0.09 | 0.2 | - | 0.7 |
Sale (Purchase) of Intangibles | - | - | -0.1 | -0.75 | -0.1 | -0.21 |
Investment in Securities | - | - | -3 | - | -36.79 | 2.4 |
Other Investing Activities | 1.64 | 2.63 | 4.57 | 0.68 | 1.36 | 1.68 |
Investing Cash Flow | 1.34 | 1.98 | -0.28 | -0.5 | -38.71 | 0.35 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 0.88 | - | - | - | - |
Total Debt Issued | 0.88 | 0.88 | - | - | - | - |
Long-Term Debt Repaid | - | -2.64 | -2.82 | -3.13 | -1.81 | -5.53 |
Lease Payments | -2.66 | -2.64 | -2.82 | -3.13 | -1.81 | -5.53 |
Total Debt Repaid | -2.66 | -2.64 | -2.82 | -3.13 | -1.81 | -5.53 |
Net Debt Issued (Repaid) | -1.78 | -1.76 | -2.82 | -3.13 | -1.81 | -5.53 |
Issuance of Common Stock | - | - | - | - | - | 9.62 |
Repurchase of Common Stock | -0.88 | - | -0.78 | -18.69 | -23.87 | -5.84 |
Common Dividends Paid | -58.1 | -63.14 | -85.04 | -81.74 | -13.91 | -6.46 |
Other Financing Activities | -4.96 | -8.06 | -9.06 | -0.41 | -10.96 | -17.27 |
Financing Cash Flow | -65.71 | -72.96 | -97.71 | -103.97 | -127.44 | -68.91 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -2.91 | -3.33 | 0.49 | -3.84 | -0.41 | -3.92 |
Net Cash Flow | 9.51 | -81.15 | 72.11 | 6.81 | -105.55 | 102.88 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 76.49 | -7.5 | 167.75 | 114.46 | 57.82 | 171.11 |
Free Cash Flow Growth | 6.53% | - | 46.55% | 97.98% | -66.21% | - |
Free Cash Flow Margin | 11.21% | -1.06% | 19.79% | 11.83% | 8.32% | 18.93% |
Free Cash Flow Per Share | 0.10 | -0.01 | 0.23 | 0.15 | 0.08 | 0.23 |
Levered Free Cash Flow | 60.83 | -22.15 | 153.64 | 98.03 | 48.75 | 152.55 |
Unlevered Free Cash Flow | 61.04 | -21.91 | 153.9 | 98.28 | 49.08 | 152.93 |
Free Cash Flow After Leases | 73.84 | -10.13 | 164.93 | 111.33 | 56.01 | 165.58 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 0.34 | 0.37 | 0.42 | 0.41 | 0.53 | 0.61 |
Cash Income Tax Paid | 23.23 | 35.5 | 42.76 | 36.17 | 31.86 | 33.93 |
Change in Working Capital | 13.36 | -75.09 | 71.04 | -28.15 | 5.19 | 55.5 |