Annual Report 2025

192 Transport International Holdings Limited 2025 Annual Report CONSOLIDATED CASH FLOW STATEMENT For the year ended 31 December 2025 (Expressed in Hong Kong dollars) 2025 2024 Note $’000 $’000 Operating activities Cash generated from operations 24(c) 1,655,403 1,540,831 Interest received 71,815 89,298 Interest paid (62,782) (92,845) Tax paid – Hong Kong Profits Tax (18,082) (21,789) – Withholding tax outside Hong Kong (76) (177) Net cash generated from operating activities 1,646,278 1,515,318 Investing activities Decrease in restricted bank deposits 110,995 72,031 Decrease/(increase) in bank deposits with original maturities of over three months 47,916 (204,983) Decrease in loan receivables 16,464 13,194 Payment for the purchase of other property, plant and equipment (530,450) (889,878) Payment for additions of investment property under development (85,881) (146,682) Payment for the purchase of intangible assets (44,794) – Payment for the purchase of other financial assets (367,367) (170,581) Receipt of government grant for the purchase of other property, plant and equipment 16 81,224 Receipt of government grant for the disposal of other property, plant and equipment 2,800 14,064 Proceeds from the disposal of other property, plant and equipment 3,809 8,110 Proceeds on the maturity of other financial assets 193,834 415,028 Dividends received from associates 158 3,544 Dividends received from equity investments 78,360 86,520 Finance costs paid and capitalised into investment property under development (48,248) (106,252) Net cash used in investing activities (622,388) (824,661) Financing activities Proceeds from new bank loans 24(d) 3,905,000 2,950,000 Repayment of bank loans 24(d) (4,747,500) (3,382,500) Loan repaid by a joint venture 4,057 9,320 Issuance of shares upon exercise of share options 2,985 – Capital element of lease rentals paid 24(d) (4,209) (4,312) Interest element of lease rentals paid 24(d) (340) (317) Dividends paid to equity shareholders of the Company (177,122) (116,293) Net cash used in financing activities (1,017,129) (544,102) Net increase in cash and cash equivalents 6,761 146,555 Cash and cash equivalents at 1 January 638,731 497,023 Effect of foreign exchange rate changes 3,036 (4,847) Cash and cash equivalents at 31 December 24(a) 648,528 638,731