Happy City Holdings Limited (HCHL) Cash Flow Statement
Where HCHL’s cash came from and went, FY2025
August 31, 2025 · U.S. dollars- Cash from operations
- −$1.3M −200.2% vs FY2024
- Capital expenditures
- $908,185 13.4% of revenue
- Free cash flow
- −$2.2M −32.0% margin
- Returned to shareholders
- —
- Change in cash
- $433,676 cash at year-end $3.4M
Drawn to scale: where the cash came from and how it was used. Hover for values.
HCHL operating cash flow, capex and free cash flow
HCHL cash flow trends, FY2023–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$676,224FY2023 | −$1.3MFY2025 | — | |
| Capital expenditures | $9,546FY2023 | $908,185FY2025 | +875.4%/yr | |
| Free cash flow | −$685,770FY2023 | −$2.2MFY2025 | — | |
| Free cash flow margin | −10.2%FY2023 | −32.0%FY2025 | −21.8 pts | |
| Capex / revenue | 0.1%FY2023 | 13.4%FY2025 | +13.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HCHL cash flow by activity
HCHL 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).
HCHL cash flow statement
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Operating activities | |||
| Net income | −$2.4M | $1.3M | −$1.1M |
| Depreciation & amortization | $607,314 | $1.4M | $1.2M |
| Change in working capital | −$372,191 | −$1.4M | −$805,168 |
| Other non-cash items | $926,944 | $0 | $0 |
| Cash from operating activities | −$1.3M | $1.3M | −$676,224 |
| Investing activities | |||
| Capital expenditures | −$908,185 | −$771,738 | −$9,546 |
| Investments (net) | −$309,598 | $0 | $0 |
| Acquisitions & other investing | $0 | $0 | $0 |
| Cash from investing activities | −$1.2M | −$771,738 | −$9,546 |
| Financing activities | |||
| Net borrowing (repayment) | −$315,758 | $1.2M | $858,347 |
| Shares issued | $5.2M | $750,000 | $0 |
| Other financing | −$1.9M | $273,427 | −$466,258 |
| Cash from financing activities | $2.9M | $2.3M | $392,089 |
| Summary | |||
| Net change in cash | $433,676 | $2.8M | −$302,671 |
| Cash at end of period | $3.4M | $2.9M | $184,738 |
| Free cash flow | −$2.2M | $493,271 | −$685,770 |
| Free cash flow margin | −32.0% | 5.9% | −10.2% |
| Capex / revenue | 13.4% | 9.3% | 0.1% |
| Operating cash flow / net income | — | 0.96 | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
HCHL cash generation
In fiscal 2025 (ended August 31, 2025), Happy City generated -$1.3 million of cash from operations (down 200.2%) and spent $0.9 million on capital expenditures, leaving free cash flow of -$2.2 million, −32.0% of revenue. Cash and equivalents rose by $0.4 million over the year.
Related: HCHL income statement, HCHL balance sheet. See the HCHL stock overview for the latest quote and news.
HCHL cash flow FAQ
What is Happy City's free cash flow?
Happy City's free cash flow was -$2.2 million in fiscal 2025: -$1.3 million of operating cash flow minus $0.9 million of capital expenditures It was $0.5 million a year earlier..
How much cash does Happy City generate from operations?
Happy City generated -$1.3 million of cash from operating activities in fiscal 2025.
How much does Happy City spend on capital expenditures?
Happy City spent $0.9 million on capital expenditures in fiscal 2025, 13.4% of revenue, compared with $0.8 million the year before.