NaaS Technology Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-449.97	-932.4	-1,303	-5,628	-255.14
Depreciation & Amortization	5.58	15.87	17.03	9.6	6.57
Stock-Based Compensation	-17.51	160.42	399.08	213.83	10.79
Other Adjustments	258.82	381.71	311.5	5,095	4.3
Change in Receivables	43.09	15.2	-66.48	-111.33	-33.63
Changes in Inventories	2.35	22.82	-36.84	-	-
Changes in Accounts Payable	141.47	-33.65	220.93	-7.16	101.1
Changes in Unearned Revenue	-3.11	-42.05	56.12	24.02	6.08
Changes in Other Operating Activities	19.81	232.95	-165.57	-183	-59.18
Operating Cash Flow	0.53	-179.14	-567.6	-586.12	-219.11
Capital Expenditures	-	-	-6.33	-17.13	-0.61
Purchases of Investments	-	-541.33	-725.26	-144.2	-5
Proceeds from Sale of Investments	9.13	332.77	421.75	-	-
Payments for Business Acquisitions	-	-	-34.05	-	-
Proceeds from Business Divestments	3	2.62	-	-	-
Other Investing Activities	0.05	4.27	4.28	-	-
Investing Cash Flow	12.18	-201.67	-339.61	-161.34	-5.61
Long-Term Debt Issued	237.33	12.32	24.37	-	-
Long-Term Debt Repaid	-532.17	-187.33	-146.62	-	-
Net Long-Term Debt Issued (Repaid)	-294.84	-175.01	-122.24	-	-
Other Financing Activities	237.64	246.28	952.35	1,252	229.54
Financing Cash Flow	-57.19	71.27	830.11	1,252	229.54
Net Cash Flow	-44.48	-309.54	-77.11	504.86	4.82
Free Cash Flow	0.53	-179.14	-573.93	-603.25	-219.72
FCF Margin	0.43%	-89.13%	-245.94%	-649.96%	-656.80%
Free Cash Flow Per Share	0.17	-217.90	-812.73	-1001.38	-426.76
Levered Free Cash Flow	-567.7	-892.57	-1,344	-5,811	-206.5
Unlevered Free Cash Flow	-99.7	-594.43	-972.57	-2,638	-205.38

SEC Filings: 10-K · 10-Q