Samfine Creation Holdings Group Limited (SFHG) Cash Flow Statement

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

Where SFHG’s cash came from and went, 2025

December 31, 2025 · Hong Kong dollars

Cash from operations: −HK$21.0M
Capital expenditures: HK$4.0M
Free cash flow: −HK$25.1M
Returned to shareholders: —
Change in cash: −HK$13.1M

Cash from operations

−HK$21.0M

Capital expenditures

−HK$4.0M

Acquisitions & other

−HK$4.7M

Net borrowing (repayment)

+HK$16.9M

Other financing

−HK$174,845

Currency & other

−HK$139,357

Change in cash

−HK$13.1M

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

SFHG operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

SFHG cash flow trends, 2021–2025

Samfine Creation Holdings Group Limited cash flow trends
Metric	Then	Latest	Change
Operating cash flow	HK$6.1M2021	−HK$21.0M2025	—
Capital expenditures	HK$3.9M2021	HK$4.0M2025	+0.5%/yr
Free cash flow	HK$2.2M2021	−HK$25.1M2025	—
Free cash flow margin	1.4%2021	−14.8%2025	−16.1 pts
Operating cash flow / net income	2.182021	7.022022	+4.83
Dividends paid	HK$7.2M2021	HK$02022	−100.0%
Capex / revenue	2.4%2021	2.4%2025	−0.1 pts

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

SFHG cash flow by activity

OperatingInvestingFinancingChange in cash

SFHG 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).

SFHG cash flow statement in Hong Kong dollars

Samfine Creation Holdings Group Limited annual cash flow statement
	2025	2024	2023	2022	2021
Operating activities
Net income	−HK$19.8M	−HK$2.7M	−HK$3.4M	HK$3.7M	HK$2.8M
Depreciation & amortization	HK$3.1M	HK$2.9M	HK$3.2M	HK$4.4M	HK$4.3M
Change in working capital	−HK$2.8M	−HK$12.1M	−HK$12.0M	HK$16.2M	−HK$1.3M
Other non-cash items	−HK$1.5M	−HK$112,173	HK$5.3M	HK$1.4M	HK$363,987
Cash from operating activities	−HK$21.0M	−HK$11.9M	−HK$7.0M	HK$25.6M	HK$6.1M
Investing activities
Capital expenditures	−HK$4.0M	−HK$10.7M	−HK$3.1M	−HK$3.4M	−HK$3.9M
Investments (net)	HK$0	−HK$10.4M	−HK$3.3M	−HK$3.1M	−HK$1.6M
Acquisitions & other investing	−HK$4.7M	HK$10.7M	HK$3.1M	HK$3.4M	HK$3.9M
Cash from investing activities	−HK$8.7M	−HK$10.4M	−HK$3.3M	−HK$3.1M	−HK$1.6M
Financing activities
Dividends paid	—	—	—	HK$0	−HK$7.2M
Net borrowing (repayment)	HK$16.9M	−HK$3.0M	−HK$3.5M	−HK$8.1M	−HK$4.8M
Shares issued	HK$0	HK$63.9M	HK$0	HK$0	HK$0
Other financing	−HK$174,845	−HK$3.0M	HK$1.0M	−HK$658,274	−HK$1.1M
Cash from financing activities	HK$16.8M	HK$57.9M	−HK$2.5M	−HK$8.7M	−HK$13.1M
Summary
Net change in cash	−HK$13.1M	HK$41.8M	−HK$1.7M	HK$24.9M	−HK$1.8M
Cash at end of period	HK$46.2M	HK$59.2M	HK$23.7M	HK$36.5M	HK$22.7M
Free cash flow	−HK$25.1M	−HK$22.6M	−HK$10.1M	HK$22.2M	HK$2.2M
Free cash flow margin	−14.8%	−14.7%	−8.6%	17.2%	1.4%
Capex / revenue	2.4%	6.9%	2.6%	2.6%	2.4%
Operating cash flow / net income	—	—	—	7.02	2.18

Samfine Creation Holdings Group Limited quarterly cash flow statement
	Jun '26	Dec '25	Sep '25	Mar '25	Jun '24	Dec '23	Jun '23	Dec '22	Jun '22
Operating activities
Net income	−HK$14.9M	−HK$11.3M	−HK$8.5M	−HK$3.5M	HK$827,545	HK$410,079	−HK$3.8M	HK$2.0M	HK$1.6M
Depreciation & amortization	HK$1.7M	HK$1.6M	HK$1.5M	HK$1.6M	HK$1.4M	HK$1.6M	HK$1.6M	HK$2.1M	HK$2.3M
Change in working capital	−HK$323,215	HK$9.7M	−HK$12.7M	−HK$21.6M	HK$8.7M	HK$8.0M	−HK$19.2M	HK$22.1M	−HK$6.0M
Other non-cash items	HK$922,257	HK$1.8M	−HK$3.4M	HK$301,808	HK$522,314	HK$3.7M	HK$601,122	HK$220,729	HK$1.1M
Cash from operating activities	−HK$12.5M	HK$1.8M	−HK$23.0M	−HK$23.2M	HK$11.4M	HK$13.7M	−HK$20.7M	HK$26.4M	−HK$934,256
Investing activities
Capital expenditures	−HK$2.3M	−HK$2.7M	−HK$6.8M	−HK$5.2M	−HK$5.2M	−HK$13.7M	−HK$20.7M	−HK$26.4M	−HK$934,256
Acquisitions & other investing	HK$854,467	−HK$1.4M	HK$2.2M	HK$109,471	−HK$183,091	HK$12.6M	HK$18.6M	HK$24.6M	−HK$263,677
Cash from investing activities	−HK$1.4M	−HK$4.1M	−HK$4.6M	−HK$5.1M	−HK$5.4M	−HK$1.2M	−HK$2.2M	−HK$1.8M	−HK$1.2M
Financing activities
Shares issued	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Other financing	HK$1.4M	HK$12.4M	HK$4.4M	HK$62.0M	−HK$4.3M	−HK$9.3M	HK$6.8M	−HK$11.7M	HK$3.0M
Cash from financing activities	HK$1.4M	HK$12.4M	HK$4.4M	HK$62.0M	−HK$4.3M	−HK$9.3M	HK$6.8M	−HK$11.7M	HK$3.0M
Summary
Net change in cash	−HK$12.9M	HK$10.4M	−HK$23.7M	HK$33.9M	HK$1.7M	HK$3.4M	−HK$16.3M	HK$36.5M	—
Cash at end of period	HK$33.6M	HK$46.2M	HK$36.1M	HK$59.2M	HK$25.4M	HK$23.7M	HK$20.4M	HK$36.5M	—
Free cash flow	−HK$14.8M	HK$4.5M	−HK$29.8M	−HK$18.1M	HK$6.2M	HK$0	−HK$41.5M	HK$0	−HK$1.9M
Free cash flow margin	−19.2%	5.1%	−36.0%	−25.3%	7.5%	0.0%	−81.7%	0.0%	−2.8%
Capex / revenue	2.9%	3.1%	8.2%	7.2%	6.4%	20.7%	40.9%	42.9%	1.4%
Operating cash flow / net income	—	—	—	—	13.75	33.48	—	13.05	−0.58

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.

SFHG cash generation

In fiscal 2025 (ended December 31, 2025), Samfine Creation generated -HK$21.0 million of cash from operations and spent HK$4.0 million on capital expenditures, leaving free cash flow of -HK$25.1 million, −14.8% of revenue. Cash and equivalents fell by HK$13.1 million over the year.

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

SFHG cash flow FAQ

What is Samfine Creation's free cash flow?

Samfine Creation's free cash flow was -HK$25.1 million in fiscal 2025: -HK$21.0 million of operating cash flow minus HK$4.0 million of capital expenditures It was -HK$22.6 million a year earlier..

How much cash does Samfine Creation generate from operations?

Samfine Creation generated -HK$21.0 million of cash from operating activities in fiscal 2025.

How much does Samfine Creation spend on capital expenditures?

Samfine Creation spent HK$4.0 million on capital expenditures in fiscal 2025, 2.4% of revenue, compared with HK$10.7 million the year before.