v3.25.2
Condensed consolidated statement of cash flows (unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Profit/ (loss) before income tax $ 67 $ (153)
Adjustments for:    
Amortization of intangible assets 16 12
Depreciation of property, plant and equipment 65 62
Impairment of property, plant and equipment   0
Equity-settled share-based payments 141 176
Finance costs 17 83
Net change in fair value of financial assets and liabilities 17 25
Net impairment losses on financial assets 66 40
Finance income (113) (90)
Gain on disposal of property, plant and equipment (1) (3)
Share of (profit)/ loss of equity-accounted investees (net of tax) (2) 4
Change in provisions 3  
Dividend income (6) 0
Cash flows from (used in) operations before changes in working capital 270 156
Changes in:    
- Inventories 1 1
- Deposits (pledged)/ released (23) 2
- Trade and other receivables (36) (64)
- Loan receivables in the financial services segment (158) (93)
- Trade payables and other liabilities (106) (86)
- Deposits from customers in the banking business 229 367
Cash from operations 177 283
Income tax paid (41) (22)
Net cash from operating activities 136 261
Cash flows from investing activities    
Acquisition of property, plant and equipment (24) (25)
Purchase of intangible assets (14) (8)
Proceeds from disposal of property, plant and equipment 5 7
Acquisition of businesses, net of cash acquired (90) 0
Acquisition of additional interests in associates and joint venture 0 (43)
Acquisition of other investments (444) (345)
Dividend income received 6 0
Interest received 91 110
Net cash used in investing activities (470) (304)
Cash flows from financing activities    
Proceeds from share-based payment arrangements 14 13
Repurchase and retirement of ordinary shares (274) (131)
Proceeds from bank loans 90 57
Repayment of bank loans (109) (559)
Payment of lease liabilities (22) (21)
Proceeds from the issuance of convertible notes 1,500 0
Transaction costs related to the issuance of convertible notes (21) 0
Acquisition of non-controlling interests without change in control (25) 0
Proceeds from subscription of shares in subsidiaries by non-controlling interests without change in control 45 32
Deposits (pledged)/ released   49
Interest paid (13) (18)
Net cash from/ (used in) financing activities 1,185 (578)
Net increase/ (decrease) in cash and cash equivalents 851 (621)
Cash and cash equivalents at January 1 2,964 3,138
Effect of exchange rate fluctuations on cash held 65 (70)
Cash and cash equivalents at June 30 $ 3,880 $ 2,447