Lufax Holding (LU) Cash Flow: Operating & Free Cash Flow

Lufax Holding Cash Flow Statement Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Lufax Holding Ltd (LU) - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-0.58	-2.08	0.89	12.05	23.40	12.35	19.43	18.65	8.36
Depreciation & Amortization	0.27	0.43	0.62	0.79	0.82	0.83	0.82	0.95	0.87
Deferred Income Tax	0.00	-	0.00	0.00	-2.53	-2.22	-7.17	0.00	0.00
Stock Based Compensation	0.00	-0.02	-0.04	0.05	0.13	0.17	-0.06	0.13	0.21
Change in Working Capital	4.45	-4.25	6.03	-12.85	-18.65	-12.73	-17.26	-18.70	-8.80
Change in Accounts Receivable	3.39	-	0.00	0.00	0.00	0.00	0.00	61.39	-39.34
Change in Accounts Payable	1.09	-22.11	-97.87	-19.17	82.51	56.17	0.00	0.00	0.00
Change in Other Working Capital	-1.80	-2.34	1.76	-10.29	1.81	-68.90	-17.26	-80.09	30.54
Other Operating Activities	-0.58	2.44	1.76	3.30	1.81	3.15	6.42	-2.48	2.03
Net Cash from Operating Activities	12.47	1.82	12.72	4.96	4.99	7.12	2.19	-1.45	2.67
Investing Activities
Capital Expenditures	-0.04	-0.07	-0.05	-0.13	-0.15	-0.21	-0.18	-0.27	-0.47
Acquisitions	0.00	-0.70	0.00	0.00	0.00	-0.04	-1.72	0.08	0.00
Purchases of Investments	-81.87	2.58	-71.55	6.39	-128.59	-16.00	-128.57	-132.11	-113.87
Sales/Maturities of Investments	64.72	63.24	67.27	98.93	132.43	153.46	118.65	134.99	112.22
Other Investing Activities	1.20	0.85	1.00	1.71	-3.37	1.24	0.81	0.81	0.48
Net Cash from Investing Activities	-16.47	2.67	-3.47	7.99	0.31	-15.00	-11.01	3.49	-1.63
Financing Activities
Debt Repayment	-10.16	-14.57	-32.56	-10.16	-2.47	7.12	-2.79	-10.31	6.44
Common Stock Issued	0.00	0.00	0.00	0.10	0.02	17.34	0.68	9.23	0.35
Common Stock Repurchased	0.00	-	0.00	0.00	-6.44	0.00	0.00	0.00	0.00
Dividends Paid	0.00	-5.13	-1.44	-7.72	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	-0.53	-0.68	-0.20	-1.20	0.00	0.41	-0.50	-0.92	-0.29
Net Cash from Financing Activities	3.32	-11.28	-20.25	-9.93	-2.45	24.87	-2.61	-2.01	6.51
Summary
Effect of Forex Changes on Cash	-0.03	0.02	-0.02	0.06	-0.14	-0.52	0.17	-0.09	-0.05
Net Change in Cash	-0.71	-6.78	-11.02	3.07	2.71	16.47	-11.26	-0.05	7.50
Cash at Beginning of Period	42.19	18.58	29.59	26.52	23.79	7.31	18.58	18.63	11.12
Cash at End of Period	41.15	11.80	18.58	29.59	26.50	23.79	7.31	18.58	18.63
Free Cash Flow	12.44	1.74	12.67	4.83	4.83	6.91	2.01	-1.72	2.21
Supplemental Disclosures
Interest Paid	-	0.63	1.53	1.21	0.87	1.15	-	-	-
Income Taxes Paid	-	2.34	2.75	10.29	8.01	4.22	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Lufax Holding Cash Flow

What is Lufax Holding's free cash flow?

Lufax Holding generated free cash flow of CNY 12.44B in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of CNY 12.47B minus CNY 36.70M of capital expenditures. That was up 613.0% from CNY 1.74B a year earlier. Free cash flow equaled 44.2% of revenue.

How much does Lufax Holding spend on capital expenditures?

Lufax Holding spent CNY 36.70M on capital expenditures in fiscal 2025, compared with CNY 72.56M a year earlier. That equals 0.3% of operating cash flow.

Does Lufax Holding pay dividends or buy back shares?

Lufax Holding's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition