Vicem But Son Cement 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	31,599	-201,795	-96,255	53,930	48,211
Depreciation & Amortization	233,476	233,748	209,865	205,674	205,966
Other Amortization	1,031	1,059	-	-	-
Loss (Gain) From Sale of Assets	-	31.48	-	74	-811.88
Other Operating Activities	1,285	-1,548	-19,184	-35,755	-19,864
Change in Accounts Receivable	-21,798	32,588	17,788	-62,564	10,639
Change in Inventory	-48,270	178,444	-27,494	-245,633	10,534
Change in Accounts Payable	-6,554	-89,277	38,723	168,798	-2,341
Change in Other Net Operating Assets	5,342	-7,525	1,776	3,170	26,203
Operating Cash Flow	196,111	145,727	125,219	87,694	278,537
Operating Cash Flow Growth	34.58%	16.38%	42.79%	-68.52%	35.07%
Capital Expenditures	-64,286	-171,490	-315,896	-108,420	-56,986
Sale of Property, Plant & Equipment	-	-	-	-	93.28
Investment in Securities	-	-	-	-20,000	17,000
Other Investing Activities	429.26	434.73	575.65	502.65	754.84
Investing Cash Flow	-63,857	-171,055	-265,321	-127,917	-39,138
Long-Term Debt Issued	2,219,562	2,266,482	2,194,940	2,356,324	2,386,444
Long-Term Debt Repaid	-2,289,893	-2,270,436	-2,050,849	-2,244,594	-2,622,885
Net Debt Issued (Repaid)	-70,331	-3,953	144,091	111,729	-236,442
Common Dividends Paid	-9,002	-5,475	-7,594	-49,411	-
Financing Cash Flow	-79,333	-9,429	136,497	62,319	-236,442
Net Cash Flow	52,921	-34,757	-3,605	22,095	2,957
Free Cash Flow	131,825	-25,763	-190,678	-20,726	221,550
Free Cash Flow Growth	-	-	-	-	75.90%
Free Cash Flow Margin	4.96%	-0.99%	-7.41%	-0.66%	7.43%
Free Cash Flow Per Share	1066.89	-208.51	-1543.20	-167.74	1793.06
Cash Interest Paid	64,733	69,768	83,921	50,909	63,089
Cash Income Tax Paid	-	-	-	22,014	4,880
Levered Free Cash Flow	66,728	-81,242	-17,122	-74,472	168,710
Unlevered Free Cash Flow	107,287	-38,452	35,313	-41,139	205,441
Change in Working Capital	-71,280	114,231	30,793	-136,229	45,035

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.