Thong Nhat JSC (HNX:BAX)

Thong Nhat JSC Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Jan 1, 2024	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	31,380	26,579	28,766	64,659	60,333	145,589
Depreciation & Amortization	12,607	12,857	13,994	12,863	12,755	12,134
Loss (Gain) From Sale of Assets	-32.94	-32.94	-	-14,575	-468.18	-
Other Operating Activities	-13,323	-18,677	-27,197	-5,358	-23,565	-25,322
Change in Accounts Receivable	-375.68	-1,718	2,083	-9,440	-5,533	4,497
Change in Inventory	2,478	443.37	2,052	75,186	-34,946	44,330
Change in Accounts Payable	8,670	-211.62	-26,595	-78,342	23,868	-115,704
Change in Other Net Operating Assets	3,573	2,594	3,292	3,718	2,003	3,390
Operating Cash Flow	44,976	21,833	-3,604	48,712	34,448	68,914
Operating Cash Flow Growth	97.41%	-	-	41.41%	-50.01%	-76.36%
Capital Expenditures	-22,456	-29,281	-10,387	-34,279	-12,884	-6,894
Sale of Property, Plant & Equipment	32.94	32.94	-	-	468.18	-
Other Investing Activities	12,034	23,963	10,758	15,083	18,704	20,503
Investing Cash Flow	-22,589	2,315	-35,128	25,204	46,088	-43,091
Common Dividends Paid	-20,299	-20,554	-40,913	-41,566	-116,799	-55,222
Financing Cash Flow	-20,299	-20,554	-40,913	-41,566	-116,799	-55,222
Foreign Exchange Rate Adjustments	0.11	0.11	0.08	0.07	-2.37	-1.91
Net Cash Flow	2,088	3,594	-79,645	32,350	-36,266	-29,401
Free Cash Flow	22,520	-7,448	-13,990	14,433	21,564	62,020
Free Cash Flow Growth	1254.13%	-	-	-33.07%	-65.23%	-72.13%
Free Cash Flow Margin	22.25%	-10.20%	-18.77%	6.21%	12.54%	19.92%
Free Cash Flow Per Share	2745.94	-908.25	-1706.13	1760.08	2629.81	7563.50
Cash Interest Paid	7.7	-	-	-	-	-
Cash Income Tax Paid	5,660	8,517	6,166	18,050	9,979	32,845
Levered Free Cash Flow	-920.53	-23,229	9,817	-35,861	-13,696	-53,030
Unlevered Free Cash Flow	-915.72	-23,229	9,817	-35,861	-13,696	-53,030
Change in Working Capital	14,345	1,108	-19,168	-8,878	-14,608	-63,486

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.