Plutus Financial Group Limited (PLUT) Cash Flow Statement

NASDAQ: PLUTOperating cash, capex, free cash flow and buybacks.

Where PLUT’s cash came from and went, 2025

December 31, 2025 · Hong Kong dollars

Cash from operations: −HK$80.1M
Capital expenditures: HK$3.4M
Free cash flow: −HK$83.5M
Returned to shareholders: —
Change in cash: −HK$7.2M

Cash from operations

−HK$80.1M

Capital expenditures

−HK$3.4M

Acquisitions & other

−HK$6.1M

Net borrowing (repayment)

+HK$6.0M

Shares issued

+HK$76.5M

Change in cash

−HK$7.2M

Drawn to scale: where the cash came from and how it was used. Hover for values.

PLUT operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

PLUT cash flow trends, 2020–2025

Plutus Financial Group Limited cash flow trends
Metric	Then	Latest	Change
Operating cash flow	−HK$3.6M2020	−HK$80.1M2025	—
Capital expenditures	HK$18,0002020	HK$3.4M2025	+184.9%/yr
Free cash flow	−HK$3.6M2020	−HK$83.5M2025	—
Free cash flow margin	−15.2%2020	−800.1%2025	−784.9 pts
Operating cash flow / net income	−0.302020	−0.832021	−0.53
Capex / revenue	0.1%2020	32.3%2025	+32.3 pts

Change is the average annual growth (CAGR) or the difference between the first and latest year.

PLUT cash flow by activity

OperatingInvestingFinancingChange in cash

PLUT net income vs operating cash flow

Net incomeOperating cash flow

Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).

PLUT cash flow statement in Hong Kong dollars

Plutus Financial Group Limited annual cash flow statement
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−HK$39.4M	−HK$5.5M	−HK$6.0M	−HK$944,000	HK$21.5M	HK$12.1M
Depreciation & amortization	HK$2.0M	HK$350,000	HK$8,000	HK$33,000	HK$302,000	HK$1.3M
Change in working capital	−HK$48.6M	−HK$1.5M	HK$5.3M	HK$36.9M	−HK$39.5M	−HK$17.0M
Other non-cash items	HK$5.8M	−HK$1.4M	HK$10.9M	HK$0	HK$0	HK$0
Cash from operating activities	−HK$80.1M	−HK$8.1M	HK$10.2M	HK$36.0M	−HK$17.8M	−HK$3.6M
Investing activities
Capital expenditures	−HK$3.4M	−HK$1.3M	−HK$19,000	HK$0	HK$0	−HK$18,000
Investments (net)	—	−HK$1.3M	−HK$19,000	HK$0	HK$0	−HK$18,000
Acquisitions & other investing	−HK$6.1M	HK$1.3M	HK$19,000	—	—	HK$18,000
Cash from investing activities	−HK$9.5M	−HK$1.3M	−HK$19,000	—	—	−HK$18,000
Financing activities
Net borrowing (repayment)	HK$6.0M	HK$0	HK$0	—	—	—
Shares issued	HK$76.5M	HK$0	HK$0	HK$0	HK$33.5M	HK$8.0M
Other financing	HK$0	−HK$558,000	−HK$7.2M	−HK$5.2M	−HK$30.6M	HK$0
Cash from financing activities	HK$82.5M	−HK$558,000	−HK$7.2M	−HK$5.2M	HK$2.9M	HK$8.0M
Summary
Net change in cash	−HK$7.2M	−HK$9.9M	HK$3.0M	HK$30.7M	−HK$14.8M	HK$4.4M
Cash at end of period	HK$33.4M	HK$40.6M	HK$50.5M	HK$47.5M	HK$16.8M	HK$31.6M
Free cash flow	−HK$83.5M	−HK$9.4M	HK$10.2M	HK$36.0M	−HK$17.8M	−HK$3.6M
Free cash flow margin	−800.1%	−96.3%	46.4%	186.5%	−41.3%	−15.2%
Capex / revenue	32.3%	13.3%	0.1%	0.0%	0.0%	0.1%
Operating cash flow / net income	—	—	—	—	−0.83	−0.30

Plutus Financial Group Limited quarterly cash flow statement
	Mar '25	Sep '24	Jun '24	Mar '24	Dec '23	Dec '22	Sep '22	Dec '21
Operating activities
Net income	−HK$6.4M	−HK$867,500	−HK$1.9M	−HK$1.9M	−HK$3.4M	−HK$964,000	HK$610,000	HK$6.3M
Depreciation & amortization	HK$137,000	HK$137,000	HK$38,000	HK$38,000	HK$2,000	HK$2,000	HK$4,000	HK$45,000
Change in working capital	HK$11.1M	HK$11.1M	HK$4.8M	HK$4.8M	−HK$4.0M	HK$10.7M	HK$1.2M	−HK$13.4M
Other non-cash items	−HK$6.5M	−HK$12.0M	−HK$5.4M	−HK$5.4M	HK$2.3M	HK$0	−HK$8,000	HK$0
Cash from operating activities	−HK$1.6M	−HK$1.6M	−HK$2.4M	−HK$2.4M	−HK$5.1M	HK$9.7M	HK$1.8M	−HK$7.0M
Investing activities
Capital expenditures	HK$0	HK$0	−HK$650,000	−HK$650,000	−HK$4,000	HK$0	HK$0	HK$0
Acquisitions & other investing	—	—	HK$0	HK$0	HK$0	—	—	—
Cash from investing activities	—	—	−HK$650,000	−HK$650,000	−HK$4,000	—	—	—
Financing activities
Shares issued	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Other financing	−HK$253,000	−HK$253,000	−HK$26,000	−HK$26,000	−HK$3.5M	−HK$403,000	−HK$3.6M	−HK$9.1M
Cash from financing activities	−HK$253,000	−HK$253,000	−HK$26,000	−HK$26,000	−HK$3.5M	−HK$403,000	−HK$3.6M	−HK$9.1M
Summary
Net change in cash	—	—	—	—	—	HK$9.3M	−HK$1.8M	−HK$16.1M
Cash at end of period	—	—	—	HK$47.5M	—	HK$47.5M	HK$38.2M	HK$16.8M
Free cash flow	−HK$1.6M	−HK$1.6M	−HK$3.0M	−HK$3.0M	−HK$5.1M	HK$9.7M	HK$1.8M	−HK$7.0M
Free cash flow margin	−84.2%	−47.9%	−142.3%	−142.3%	−326.3%	155.3%	43.3%	−55.3%
Capex / revenue	0.0%	0.0%	30.3%	30.3%	0.3%	0.0%	0.0%	0.0%
Operating cash flow / net income	—	—	—	—	—	—	2.93	−1.11

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.

PLUT cash generation

In fiscal 2025 (ended December 31, 2025), Plutus Financial generated -HK$80.1 million of cash from operations and spent HK$3.4 million on capital expenditures, leaving free cash flow of -HK$83.5 million, −800.1% of revenue. Cash and equivalents fell by HK$7.2 million over the year.

Related: PLUT income statement, PLUT balance sheet. See the PLUT stock overview for the latest quote and news.

PLUT cash flow FAQ

What is Plutus Financial's free cash flow?

Plutus Financial's free cash flow was -HK$83.5 million in fiscal 2025: -HK$80.1 million of operating cash flow minus HK$3.4 million of capital expenditures It was -HK$9.4 million a year earlier..

How much cash does Plutus Financial generate from operations?

Plutus Financial generated -HK$80.1 million of cash from operating activities in fiscal 2025.

How much does Plutus Financial spend on capital expenditures?

Plutus Financial spent HK$3.4 million on capital expenditures in fiscal 2025, 32.3% of revenue, compared with HK$1.3 million the year before.