Cre8 Enterprise Limited Class A (CRE) Cash Flow Statement
Where CRE’s cash came from and went, 2025
December 31, 2025 · Hong Kong dollars- Cash from operations
- HK$11.5M +65.3% vs 2024
- Capital expenditures
- HK$717,341 0.5% of revenue
- Free cash flow
- HK$10.8M 8.3% margin
- Returned to shareholders
- —
- Change in cash
- HK$40.9M cash at year-end HK$54.7M
Drawn to scale: where the cash came from and how it was used. Hover for values.
CRE operating cash flow, capex and free cash flow
CRE cash flow trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | HK$3.5M2021 | HK$11.5M2025 | +34.5%/yr | |
| Capital expenditures | HK$2.9M2021 | HK$717,3412025 | −29.6%/yr | |
| Free cash flow | HK$614,9342021 | HK$10.8M2025 | +104.8%/yr | |
| Free cash flow margin | 0.6%2021 | 8.3%2025 | +7.7 pts | |
| Operating cash flow / net income | 2.142021 | 2.192025 | +0.05 | |
| Capex / revenue | 2.6%2021 | 0.5%2025 | −2.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRE cash flow by activity
CRE net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
CRE cash flow statement in Hong Kong dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | HK$5.3M | HK$6.4M | HK$7.8M | −HK$12.3M | HK$1.7M |
| Depreciation & amortization | HK$382,243 | HK$706,691 | HK$1.2M | HK$1.4M | HK$16.1M |
| Change in working capital | HK$4.7M | −HK$1.5M | −HK$5.2M | −HK$1.5M | −HK$15.0M |
| Other non-cash items | HK$1.2M | HK$1.4M | HK$1.7M | −HK$1.4M | HK$802,230 |
| Cash from operating activities | HK$11.5M | HK$7.0M | HK$5.5M | −HK$13.9M | HK$3.5M |
| Investing activities | |||||
| Capital expenditures | −HK$717,341 | −HK$134,709 | −HK$191,005 | −HK$272,138 | −HK$2.9M |
| Investments (net) | — | −HK$134,709 | −HK$191,005 | −HK$272,138 | −HK$2.9M |
| Acquisitions & other investing | — | HK$134,709 | HK$191,005 | HK$272,138 | HK$2.9M |
| Cash from investing activities | — | −HK$134,709 | −HK$191,005 | −HK$272,138 | −HK$2.9M |
| Financing activities | |||||
| Net borrowing (repayment) | −HK$790,040 | −HK$128,738 | −HK$11.8M | HK$0 | — |
| Shares issued | HK$45.1M | HK$0 | HK$0 | HK$0 | HK$0 |
| Other financing | −HK$14.2M | −HK$7.6M | HK$20.5M | −HK$5.3M | −HK$929,098 |
| Cash from financing activities | HK$30.1M | −HK$7.7M | HK$8.7M | −HK$5.3M | −HK$929,098 |
| Summary | |||||
| Net change in cash | HK$40.9M | −HK$905,203 | HK$13.9M | −HK$19.6M | −HK$306,436 |
| Cash at end of period | HK$54.7M | HK$13.8M | HK$14.8M | HK$848,129 | HK$20.4M |
| Free cash flow | HK$10.8M | HK$6.8M | HK$5.3M | −HK$14.1M | HK$614,934 |
| Free cash flow margin | 8.3% | 6.6% | 4.6% | −14.6% | 0.6% |
| Capex / revenue | 0.5% | 0.1% | 0.2% | 0.3% | 2.6% |
| Operating cash flow / net income | 2.19 | 1.09 | 0.70 | — | 2.14 |
| Mar '25 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | HK$96,313 | HK$96,226 | HK$314,176 | HK$313,515 | HK$56,639 |
| Depreciation & amortization | −HK$386,250 | −HK$385,904 | HK$429,403 | HK$428,500 | −HK$377,528 |
| Change in working capital | HK$996,775 | HK$995,882 | −HK$916,884 | −HK$914,956 | HK$1.5M |
| Other non-cash items | HK$831,609 | HK$65,681 | −HK$468,694 | −HK$147,797 | HK$871 |
| Cash from operating activities | HK$1.5M | HK$771,885 | −HK$641,999 | −HK$320,738 | HK$1.1M |
| Investing activities | |||||
| Capital expenditures | −HK$1,617 | −HK$1,615 | −HK$7,016 | −HK$7,000 | −HK$9,994 |
| Acquisitions & other investing | −HK$1,666 | HK$0 | −HK$6,999 | HK$0 | −HK$9,978 |
| Cash from investing activities | −HK$3,283 | −HK$1,615 | −HK$14,015 | −HK$7,000 | −HK$19,972 |
| Financing activities | |||||
| Shares issued | HK$0 | HK$0 | HK$0 | HK$0 | HK$0 |
| Other financing | −HK$692,043 | −HK$346,008 | −HK$300,244 | −HK$150,000 | HK$503,800 |
| Cash from financing activities | −HK$692,043 | −HK$346,008 | −HK$300,244 | −HK$150,000 | HK$503,800 |
| Summary | |||||
| Net change in cash | HK$852,571 | — | −HK$959,227 | — | HK$1.9M |
| Cash at end of period | HK$1.8M | HK$930,000 | HK$930,000 | HK$1.9M | HK$1.9M |
| Free cash flow | HK$770,959 | HK$770,269 | −HK$328,431 | −HK$327,740 | HK$559,029 |
| Free cash flow margin | 26.1% | 26.1% | −8.8% | −8.8% | 18.2% |
| Capex / revenue | 0.1% | 0.1% | 0.2% | 0.2% | 0.3% |
| Operating cash flow / net income | 15.97 | 8.02 | −2.04 | −1.02 | 20.05 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Hong Kong dollars as reported; data from EODHD.
CRE cash generation
In fiscal 2025 (ended December 31, 2025), Cre8 Enterprise generated HK$11.5 million of cash from operations (up 65.3%) and spent HK$0.7 million on capital expenditures, leaving free cash flow of HK$10.8 million, 8.3% of revenue. Cash and equivalents rose by HK$40.9 million over the year.
Related: CRE income statement, CRE balance sheet. See the CRE stock overview for the latest quote and news.
CRE cash flow FAQ
What is Cre8 Enterprise's free cash flow?
Cre8 Enterprise's free cash flow was HK$10.8 million in fiscal 2025: HK$11.5 million of operating cash flow minus HK$0.7 million of capital expenditures It was HK$6.8 million a year earlier..
How much cash does Cre8 Enterprise generate from operations?
Cre8 Enterprise generated HK$11.5 million of cash from operating activities in fiscal 2025, 2.19 times its net income of HK$5.3 million.
How much does Cre8 Enterprise spend on capital expenditures?
Cre8 Enterprise spent HK$0.7 million on capital expenditures in fiscal 2025, 0.5% of revenue, compared with HK$0.1 million the year before.