Green Circle Decarbonize Technology Limited (GCDT) Cash Flow Statement
Where GCDT’s cash came from and went, FY2026
March 31, 2026 · Hong Kong dollars- Cash from operations
- −HK$15.5M −407.7% vs FY2025
- Capital expenditures
- HK$8.6M 34.2% of revenue
- Free cash flow
- −HK$24.1M −96.2% margin
- Returned to shareholders
- —
- Change in cash
- HK$34.9M cash at year-end HK$36.3M
Drawn to scale: where the cash came from and how it was used. Hover for values.
GCDT operating cash flow, capex and free cash flow
GCDT cash flow trends, FY2021–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | HK$4.0MFY2021 | −HK$15.5MFY2026 | — | |
| Capital expenditures | HK$0FY2021 | HK$8.6MFY2026 | — | |
| Free cash flow | HK$2.5MFY2021 | −HK$24.1MFY2026 | — | |
| Free cash flow margin | 26.0%FY2024 | −96.2%FY2026 | −122.2 pts | |
| Stock-based compensation | HK$85,968FY2024 | HK$390,000FY2026 | +113.0%/yr | |
| Dividends paid | HK$0FY2024 | HK$0FY2026 | — | |
| Capex / revenue | 0.0%FY2024 | 34.2%FY2026 | +34.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GCDT cash flow by activity
GCDT 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).
GCDT cash flow statement in Hong Kong dollars
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −HK$13.1M | −HK$6.0M | −HK$7.9M | −HK$5.0M | −HK$1.2M |
| Depreciation & amortization | HK$3.7M | HK$3.7M | HK$4.0M | — | — |
| Stock-based compensation | HK$390,000 | HK$390,000 | HK$85,968 | — | — |
| Change in working capital | −HK$12.9M | HK$2.8M | HK$2.9M | HK$2.2M | −HK$392,904 |
| Other non-cash items | HK$6.4M | HK$4.1M | HK$2.3M | HK$6.4M | HK$5.7M |
| Cash from operating activities | −HK$15.5M | HK$5.0M | HK$1.4M | HK$3.7M | HK$4.0M |
| Investing activities | |||||
| Capital expenditures | −HK$8.6M | −HK$1.3M | HK$0 | HK$0 | HK$0 |
| Acquisitions & other investing | HK$0 | HK$0 | — | — | — |
| Cash from investing activities | −HK$8.6M | −HK$1.3M | — | — | — |
| Financing activities | |||||
| Dividends paid | HK$0 | HK$0 | HK$0 | — | — |
| Net borrowing (repayment) | −HK$11.1M | −HK$664,954 | HK$1.2M | −HK$424,798 | — |
| Shares issued | HK$77.5M | HK$0 | HK$0 | HK$0 | HK$0 |
| Other financing | −HK$7.4M | −HK$2.0M | −HK$2.6M | −HK$3.1M | −HK$1.6M |
| Cash from financing activities | HK$59.0M | −HK$2.6M | −HK$1.5M | −HK$3.5M | −HK$1.6M |
| Summary | |||||
| Net change in cash | HK$34.9M | HK$1.1M | −HK$118,419 | — | — |
| Cash at end of period | HK$36.3M | HK$1.4M | HK$258,304 | HK$376,723 | — |
| Free cash flow | −HK$24.1M | HK$3.8M | HK$1.4M | HK$3.2M | HK$2.5M |
| Free cash flow margin | −96.2% | 22.8% | 26.0% | — | — |
| Capex / revenue | 34.2% | 7.7% | 0.0% | — | — |
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.
GCDT cash generation
In fiscal 2026 (ended March 31, 2026), Green Circle Decarbonize Technology generated -HK$15.5 million of cash from operations (down 407.7%) and spent HK$8.6 million on capital expenditures, leaving free cash flow of -HK$24.1 million, −96.2% of revenue. Cash and equivalents rose by HK$34.9 million over the year.
Related: GCDT income statement, GCDT balance sheet. See the GCDT stock overview for the latest quote and news.
GCDT cash flow FAQ
What is Green Circle Decarbonize Technology's free cash flow?
Green Circle Decarbonize Technology's free cash flow was -HK$24.1 million in fiscal 2026: -HK$15.5 million of operating cash flow minus HK$8.6 million of capital expenditures It was HK$3.8 million a year earlier..
How much cash does Green Circle Decarbonize Technology generate from operations?
Green Circle Decarbonize Technology generated -HK$15.5 million of cash from operating activities in fiscal 2026.
How much does Green Circle Decarbonize Technology spend on capital expenditures?
Green Circle Decarbonize Technology spent HK$8.6 million on capital expenditures in fiscal 2026, 34.2% of revenue, compared with HK$1.3 million the year before.