Alphanam E&C JSC Cash Flow Statement

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	40,622	22,701	21,198	20,937	21,286
Depreciation & Amortization	2,846	3,907	4,115	-	-
Other Amortization	1,874	113.59	-	-	-
Loss (Gain) From Sale of Assets	-1,584	-9,693	-272.08	-	-
Other Operating Activities	19,527	1,647	893.83	52,846	47,169
Change in Accounts Receivable	-603,065	34,862	-600,164	-	-
Change in Inventory	242,838	-137,711	211,341	-	-
Change in Accounts Payable	-69,603	302,097	-85,480	-	-
Change in Other Net Operating Assets	4,866	-3,087	3,422	-	-
Operating Cash Flow	-222,404	93,011	-444,945	73,783	68,455
Operating Cash Flow Growth	-	-	-	7.78%	-34.22%
Capital Expenditures	-217	-12,194	-3,235	-	-
Sale of Property, Plant & Equipment	420	-	-	-	-
Investment in Securities	-330,840	-311,546	-	-	-
Other Investing Activities	2,406	6,291	205.87	24.78	-
Investing Cash Flow	-102,221	-387,144	-15,543	24.78	-
Short-Term Debt Issued	3,784,938	2,440,823	1,364,061	-	-
Long-Term Debt Issued	-	-	-	647,696	660,893
Total Debt Issued	3,784,938	2,440,823	1,364,061	647,696	660,893
Short-Term Debt Repaid	-3,469,141	-2,190,900	-929,886	-	-
Long-Term Debt Repaid	-700	-	-	-1,111,970	-716,573
Total Debt Repaid	-3,469,841	-2,190,900	-929,886	-1,111,970	-716,573
Net Debt Issued (Repaid)	315,097	249,922	434,176	-464,275	-55,680
Issuance of Common Stock	-	58,500	-	400,000	-
Financing Cash Flow	315,097	308,422	434,176	-64,275	-55,680
Foreign Exchange Rate Adjustments	-	-	-	0.31	-
Net Cash Flow	-9,528	14,289	-26,313	9,534	12,775
Free Cash Flow	-222,621	80,817	-448,180	73,783	68,455
Free Cash Flow Growth	-	-	-	7.78%	-34.22%
Free Cash Flow Margin	-4.46%	2.40%	-20.23%	3.33%	3.84%
Free Cash Flow Per Share	-3414.24	1239.52	-6873.93	1850.10	-
Cash Interest Paid	132,156	97,790	62,831	54,157	55,903
Cash Income Tax Paid	6,288	5,913	5,446	5,747	7,533
Levered Free Cash Flow	-621,020	5,363	-456,224	-236,547	-
Unlevered Free Cash Flow	-537,390	66,735	-416,689	-202,322	-
Change in Working Capital	-285,689	74,335	-470,880	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.