ADHLF Cash Flow Statement

Financials in millions HKD. Fiscal year is July - June.

Millions HKD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	9.05	-50.61	-43.45	-162.88	-60.23
Depreciation & Amortization	3.03	2.41	2.38	2.54	1.88
Gain (Loss) on Sale of Investments	4.83	13.9	30.01	127.89	44.39
Asset Writedown	-62.62	-26.23	14.2	21.9	27.2
Change in Accounts Receivable	-5.86	8.87	15.86	3.09	11.94
Change in Accounts Payable	-26.01	-29.59	-22.81	13.7	-276.46
Change in Other Net Operating Assets	-0.21	-0.86	-3.19	1.02	-3.34
Other Operating Activities	21.52	38.75	-3.56	-2.79	-7.91
Operating Cash Flow	-34.86	-6.96	-38.56	-56.44	-91.93
Acquisition of Real Estate Assets	-4.88	-0.09	-0.03	-1.77	-0.02
Net Sale / Acq. of Real Estate Assets	-4.88	-0.09	-0.03	-1.77	-0.02
Investment in Marketable & Equity Securities	79.61	8.88	7.09	82.79	-138.74
Other Investing Activities	0.84	6.35	18.49	13.41	15.28
Investing Cash Flow	75.57	15.14	25.55	94.43	-123.48
Short-Term Debt Issued	3.28	-	-	6.04	11.74
Total Debt Issued	3.28	-	-	6.04	11.74
Short-Term Debt Repaid	-25.22	-10	-33.38	-54.5	-
Long-Term Debt Repaid	-	-	-	-0.3	-0.79
Total Debt Repaid	-25.22	-10	-33.38	-54.8	-0.79
Net Debt Issued (Repaid)	-21.94	-10	-33.38	-48.76	10.95
Issuance of Common Stock	-	36.56	-	-	-
Other Financing Activities	-	-	-	-0	-0.02
Foreign Exchange Rate Adjustments	3.76	-7.68	6.53	-0.78	5.84
Net Cash Flow	22.53	27.06	-39.87	-11.55	-198.65
Cash Interest Paid	8.71	9.89	9.18	5.12	5.93
Cash Income Tax Paid	0.14	0.05	-1.21	0.95	2.84
Levered Free Cash Flow	343.61	164.77	5.38	-86.74	-137.19
Unlevered Free Cash Flow	348.52	171.08	11.28	-83.32	-133.48
Change in Working Capital	-10.65	14.82	-29.69	-24.48	-79.9

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.