IDICO Corporation - JSC Cash Flow Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	1,859,108	1,931,791	1,996,055	1,393,647	1,767,507	454,308
Depreciation & Amortization	908,742	986,174	1,352,662	904,320	1,033,265	388,590
Other Amortization	52.68	22.85	-	-	-	-
Gain (Loss) on Sale of Assets	-428,588	-362,125	-173,373	-229,998	46,378	-611,974
Change in Accounts Receivable	67,785	20,836	212,114	161,862	-840,818	-54,032
Change in Accounts Payable	-	-	-	567,671	-444,368	1,284,596
Change in Other Net Operating Assets	741,340	777,998	307,866	62,640	54,222	-99,334
Other Operating Activities	344,798	449,662	503,324	158,797	700,004	-3,536
Operating Cash Flow	3,518,271	3,913,941	4,085,220	2,796,207	2,065,389	774,246
Operating Cash Flow Growth	-5.60%	-4.19%	46.10%	35.38%	166.76%	49.14%
Acquisition of Real Estate Assets	-3,212,577	-3,103,468	-793,671	-1,170,982	-1,496,735	-1,066,203
Sale of Real Estate Assets	80,298	80,298	3,558	148,136	54,275	6,777
Net Sale / Acq. of Real Estate Assets	-3,132,279	-3,023,171	-790,113	-1,022,846	-1,442,460	-1,059,426
Investment in Marketable & Equity Securities	-3,518,919	-4,242,344	-844,483	-	-19,426	941,250
Other Investing Activities	317,835	255,621	159,058	216,890	130,338	117,922
Investing Cash Flow	-6,333,364	-7,009,894	-1,475,539	-1,172,392	-422,938	-1,059,262
Long-Term Debt Issued	-	7,572,297	3,899,865	2,373,563	3,026,570	2,137,059
Total Debt Issued	6,969,423	7,572,297	3,899,865	2,373,563	3,026,570	2,137,059
Long-Term Debt Repaid	-	-4,831,164	-4,286,343	-2,218,827	-3,091,185	-1,359,107
Total Debt Repaid	-4,638,906	-4,831,164	-4,286,343	-2,218,827	-3,091,185	-1,359,107
Net Debt Issued (Repaid)	2,330,517	2,741,133	-386,478	154,736	-64,615	777,953
Issuance of Common Stock	292,075	3,080	-	-	-	-
Repurchase of Common Stock	-80	-80	-	-	-	-
Common Dividends Paid	-1,316,558	-1,300,233	-1,556,399	-1,532,447	-985,822	-724,264
Other Financing Activities	17,005	17,005	187,549	55	-	-
Foreign Exchange Rate Adjustments	63.38	62.83	91.52	514.14	-227.89	-84.19
Net Cash Flow	-1,492,071	-1,634,985	854,445	246,673	591,788	-231,411
Cash Interest Paid	199,156	164,833	139,599	202,339	182,322	169,028
Cash Income Tax Paid	615,182	566,700	561,053	539,748	206,719	289,220
Levered Free Cash Flow	-5,210,974	-5,046,255	2,247,696	822,922	1,966,461	-1,633,948
Unlevered Free Cash Flow	-5,107,756	-4,957,211	2,329,151	938,500	2,078,193	-1,525,681
Change in Working Capital	834,157	908,415	406,552	569,441	-1,481,765	546,859

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