v3.26.1
Condensed consolidated statements of cash flows (unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Profit before income tax $ 315 $ 67
Adjustments for:    
Amortization of intangible assets 20 16
Depreciation of property, plant and equipment 89 65
Impairment of property, plant and equipment 0  
Equity-settled share-based payments 140 141
Finance costs 58 17
Net change in fair value of financial assets and liabilities 82 17
Net impairment losses on financial assets 120 66
Finance income (412) (113)
Gain on disposal of property, plant and equipment   (1)
Share of profit of equity-accounted investees (net of tax) (2) (2)
Change in provisions (6) 3
Dividend income (1) (6)
Cash flows from (used in) operations before changes in working capital 403 270
Changes in:    
- Inventories (3) 1
- Deposits pledged (11) (23)
- Trade and other receivables (50) (36)
- Loan receivables in the financial services segment (370) (158)
- Trade payables and other liabilities 37 (106)
- Deposits from customers in the banking business 25 229
Cash from operations 31 177
Income tax paid (34) (41)
Net cash (used in)/from operating activities (3) 136
Cash flows from investing activities    
Acquisition of property, plant and equipment (27) (24)
Purchase of intangible assets (14) (14)
Proceeds from disposal of property, plant and equipment 6 5
Acquisition of subsidiaries with non-controlling interests, net of cash acquired (29) (90)
Acquisition of additional interests in associates and joint venture (105) 0
Acquisition of other investments (141) (444)
Dividend income received 1 6
Interest received 87 91
Net cash used in investing activities (222) (470)
Cash flows from financing activities    
Proceeds from share-based payment arrangements 10 14
Repurchase of ordinary shares (400) (274)
Proceeds from bank loans 120 90
Repayment of bank loans (131) (109)
Payment of lease liabilities (32) (22)
Proceeds from the issuance of convertible notes 0 1,500
Transaction costs related to the issuance of convertible notes 0 (21)
Acquisition of non-controlling interests without change in control 0 (25)
Proceeds from subscription of shares in subsidiaries by non-controlling interests without change in control 144 45
Deposits released/ (pledged) 4  
Interest paid (15) (13)
Net cash (used in)/ from financing activities (300) 1,185
Net (decrease)/ increase in cash and cash equivalents (525) 851
Cash and cash equivalents at January 1 3,433 2,964
Effect of exchange rate fluctuations on cash held (49) 65
Cash and cash equivalents at June 30 $ 2,859 $ 3,880