HNX:API 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	17,663	-22,276	-55,838	121,131	282,659
Depreciation & Amortization	6,358	8,155	6,198	7,807	2,621
Other Amortization	60.07	52.96	-	-	-
Loss (Gain) From Sale of Assets	-20,599	-172.12	-	-112,663	-246,197
Loss (Gain) From Sale of Investments	-	1,288	11,568	-	-
Provision & Write-off of Bad Debts	-	2,599	1,563	-	-
Other Operating Activities	30,775	-5,853	-32,554	-14,621	28,370
Change in Accounts Receivable	-111,126	26,650	63,240	99,432	-126,111
Change in Inventory	103,945	79,712	83,003	355,651	-68,108
Change in Accounts Payable	-66,531	-97,248	-145,150	-580,071	-52,214
Change in Other Net Operating Assets	11,054	14,769	6,461	12,428	17,793
Operating Cash Flow	-28,402	7,675	-61,358	-110,905	-161,672
Capital Expenditures	-3,482	-57	-55	-6,081	-60
Sale of Property, Plant & Equipment	-	-	-	1,760	-
Investment in Securities	-187,871	-	-	156,500	-391.65
Other Investing Activities	31,376	15,500	18,995	16,437	1,533
Investing Cash Flow	-98,589	62,963	107,743	-37,604	37,732
Long-Term Debt Issued	356,917	336,398	274,622	582,401	365,861
Total Debt Issued	356,917	336,398	274,622	582,401	365,861
Long-Term Debt Repaid	-286,435	-350,362	-326,411	-449,812	-370,589
Total Debt Repaid	-286,435	-350,362	-326,411	-449,812	-370,589
Net Debt Issued (Repaid)	70,482	-13,963	-51,789	132,589	-4,728
Issuance of Common Stock	-	-	-	18,800	117,100
Common Dividends Paid	-	-	-	-	-10,516
Financing Cash Flow	70,482	-13,963	-51,789	151,389	101,857
Net Cash Flow	-56,510	56,674	-5,404	2,879	-22,084
Free Cash Flow	-31,885	7,618	-61,413	-116,986	-161,732
Free Cash Flow Margin	-11.94%	3.64%	-31.79%	-14.95%	-27.67%
Free Cash Flow Per Share	-379.20	90.60	-730.38	-1391.69	-1923.46
Cash Interest Paid	20,150	34,141	40,706	43,660	8,682
Cash Income Tax Paid	2,938	5,528	10,152	46,484	12,260
Levered Free Cash Flow	4,704	13,337	189,201	-587,962	159,439
Unlevered Free Cash Flow	36,306	45,678	225,638	-552,583	167,680
Change in Working Capital	-62,659	23,882	7,705	-112,559	-229,127

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