v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Profit before tax $ 55,217 $ 157,697 $ 173,871
Adjustments for:      
Interest income (18,919) (20,192) (16,256)
Finance costs 13,425 8,199 859
Depreciation of property, plant and equipment 6,730 1,766 12
Amortization of intangible assets 115 857 726
Dividend income (8,681) (9,935) (6,412)
Gain on disposed financial assets at fair value through profit or loss and settled derivative financial assets (123,634) (22,106)
Gain from a bargain purchase (4,469) (4,848)
Gain on disposal of subsidiaries (24,757) (64,328) (14,750)
Net fair value changes on financial assets at fair value through profit or loss (except derivative financial assets) (26,389) 40,899 20,609
Net fair value changes on derivative financial assets (61,897)
Net fair value changes on derivative financial liability (1,704)
Share of losses of joint ventures 559 2,335
Impairment losses under expected credit loss model on financial assets 4,988 501
Operating cash flows before changes in working capital (2,700) (5,817) 68,605
(Increase)/decrease in accounts receivable (4,113) 10,668 (29,225)
(Increase)/decrease in prepayments, deposits and other receivables (1,352) 5,326 11,489
Increase/(decrease) in other payables and accruals 1,159 15,570 (11,432)
(Increase)/decrease in restricted cash (72) 280 65
Increase/(decrease) in provisions 142 (355) (95)
Changes in accounts payable and other assets 1,603 (1,156) 7,736
Payment of operating lease liabilities (280) (81)
Cash (used in)/generated from operations (5,613) 24,435 47,143
Profits tax paid (1,605) (30,992)
Dividend received 8,681 9,935 6,412
Interest received 2,091 7,213 4,058
Net cash generated from operating activities 5,159 39,978 26,621
CASH FLOWS FROM INVESTING ACTIVITIES      
Addition to property, plant and equipment (8) (72) (2)
Addition to financial assets at fair value through profit or loss (7,228) (1,591) (4,806)
Increase in amount due from immediate holding company (41,422) (404,364) (68,723)
Acquisition of subsidiaries, net of cash acquired 4,273 1,347 13,326
Net cash outflow from disposal of subsidiaries (953) (514) (18,473)
Acquisition of additional interests in subsidiaries (1,647)
Collection of consideration receivable 90,687
Amount received from former subsidiaries 23,860
Amount received from a non-controlling shareholder of a subsidiary 20,000
Amount received from amounts due from joint ventures 6,515
Advance to a non-controlling shareholder of a subsidiary (1,561)
Receipt of returns from movie income right investments 2,680
Proceeds from disposal of financial assets at fair value through profit or loss 373 2,047
Net cash used in investing activities (45,338) (266,967) (73,951)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of shares 93,600 25,041
Proceeds from issuance of shares of a subsidiary 100,000 139,149
Repayment of bank borrowings (16,757) (396) (29,895)
Repayment to non-controlling shareholder of a subsidiary (15,675)
Proceeds from bank borrowings 33,000 25,000
Distribution to perpetual securities holders (4,305) (2,796) (15,853)
Finance costs paid (13,603) (6,060) (803)
Net cash flows (used in)/generated from financing activities (17,340) 209,348 117,639
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (57,519) (17,641) 70,309
Cash and cash equivalents at beginning of year 120,234 138,297 67,494
Effect of foreign exchange rate change, net 157 (422) 494
CASH AND CASH EQUIVALENTS AT END OF YEAR 62,872 120,234 138,297
ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS      
Cash and bank balances $ 62,872 $ 120,234 $ 138,297