Ipa Investments Group 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	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	467,417	411,454	298,667	94,655	1,559,327
Depreciation & Amortization	77,981	64,477	74,919	61,479	53,250
Other Amortization	-	16,131	-	4,543	-
Loss (Gain) on Sale of Assets	-662,690	-650,798	-781,835	-	-
Loss (Gain) on Sale of Investments	-	-	-	-846,040	-1,781,865
Change in Accounts Receivable	2,897	809,981	-49,897	65,449	96,582
Change in Inventory	-7,458	-9,200	-2,711	-3,465	-2,305
Change in Accounts Payable	-140,511	6,595	40,255	-9,768	-28,141
Change in Other Net Operating Assets	-5,199	-2,770	9,440	3,163	6,965
Other Operating Activities	-10,792	110,162	109,566	376,995	94,206
Operating Cash Flow	-1,232,980	378,982	418,323	-1,231,839	-2,090
Operating Cash Flow Growth	-	-9.40%	-	-	-
Capital Expenditures	-20,048	-24,971	-30,872	-39,025	-13,785
Sale of Property, Plant & Equipment	-	10,723	-	-	-
Investment in Securities	-1,456,052	-538,380	-868,665	-1,352,653	-117,953
Other Investing Activities	269,607	278,482	227,488	592,948	197,076
Investing Cash Flow	-999,055	222,116	116,573	883,041	-2,500,322
Long-Term Debt Issued	2,688,872	3,625,000	14,400	1,007,200	4,334,739
Long-Term Debt Repaid	-455,660	-4,241,443	-519,762	-723,071	-1,789,751
Net Debt Issued (Repaid)	2,233,213	-616,443	-505,362	284,129	2,544,988
Issuance of Common Stock	13,405	23,542	21,155	-	129,855
Common Dividends Paid	-21,128	-26,358	-14,781	-4,303	-75,127
Financing Cash Flow	2,225,490	-619,260	-498,988	279,826	2,599,716
Net Cash Flow	-6,545	-18,162	35,908	-68,972	97,304
Free Cash Flow	-1,253,028	354,011	387,450	-1,270,864	-15,876
Free Cash Flow Growth	-	-8.63%	-	-	-
Free Cash Flow Margin	-212.38%	63.21%	111.60%	-431.43%	-5.95%
Free Cash Flow Per Share	-5860.11	1655.53	1811.91	-5943.18	-74.24
Cash Interest Paid	-	391,504	445,441	423,190	191,063
Cash Income Tax Paid	-	17,896	7,966	59,990	175,233
Levered Free Cash Flow	25,205	1,238,321	-284,791	1,538,035	-2,526,070
Unlevered Free Cash Flow	231,780	1,471,314	-15,469	1,830,950	-2,380,543
Change in Working Capital	-1,104,896	427,555	717,006	-923,471	72,991

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