Nam Mu Hydropower 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	39,497	47,136	53,741	57,188	51,113
Depreciation & Amortization	22,588	22,388	33,652	38,050	38,833
Loss (Gain) on Sale of Assets	-	-4,053	-	-0.31	-
Change in Accounts Receivable	-3,465	6,144	308.08	629.04	-4,674
Change in Inventory	-2.82	0.78	0.63	14.25	8.41
Change in Accounts Payable	2,925	678.61	8,661	-1,738	-5,610
Change in Other Net Operating Assets	2,757	-188.43	3,403	-5,632	382
Other Operating Activities	-8,597	-4,014	-5,551	-4,910	-2,706
Operating Cash Flow	55,702	68,092	94,214	83,601	77,347
Operating Cash Flow Growth	-18.20%	-27.73%	12.70%	8.09%	-23.19%
Capital Expenditures	-919.38	-9,052	-11,320	-1,637	-90.91
Investment in Securities	-3,660	-84,400	-1,100	-500	-
Other Investing Activities	1,763	2,600	4,011	2,369	816.94
Investing Cash Flow	-2,816	-90,852	-8,409	231.74	726.03
Short-Term Debt Issued	13,077	-	-	-	-
Long-Term Debt Issued	-	-	-	-	23,109
Total Debt Issued	13,077	-	-	-	23,109
Short-Term Debt Repaid	-13,077	-	-	-	-
Long-Term Debt Repaid	-	-	-	-	-49,819
Total Debt Repaid	-13,077	-	-	-	-49,819
Net Debt Issued (Repaid)	-	-	-	-	-26,710
Common Dividends Paid	-41,951	-46,148	-50,347	-46,150	-46,155
Financing Cash Flow	-41,951	-46,148	-50,347	-46,150	-72,865
Net Cash Flow	10,935	-68,908	35,458	37,683	5,208
Free Cash Flow	54,783	59,039	82,894	81,964	77,256
Free Cash Flow Growth	-7.21%	-28.78%	1.14%	6.09%	-19.82%
Free Cash Flow Margin	44.91%	39.62%	52.26%	46.24%	46.59%
Free Cash Flow Per Share	2608.95	2811.95	3947.22	3902.69	3678.91
Cash Interest Paid	109.6	-	-	-	1,014
Cash Income Tax Paid	13,396	11,753	11,297	13,052	11,218
Levered Free Cash Flow	46,729	54,656	74,893	79,400	70,671
Unlevered Free Cash Flow	46,798	54,673	74,951	79,400	71,305
Change in Working Capital	2,214	6,635	12,372	-6,727	-9,894

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