Sunshine Group 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	8,755,218	8,502,086	679,170	138,888	367,109	367,720
Depreciation & Amortization	52,400	47,095	40,101	576.21	15,951	129,918
Other Amortization	4,757	3,922	-	-	-	-
Change in Accounts Payable	16,003,357	15,229,989	4,540,587	1,503,246	2,979,512	460,534
Change in Trading Asset Securities	115,306	501,872	-262,298	-433,176	-32,912	-241,802
Change in Other Net Operating Assets	13,169,472	4,910,276	-235,247	450,894	-161,898	2,890,433
Other Operating Activities	5,117,253	8,035,454	182,167	-180,253	188,070	-512,333
Operating Cash Flow	28,618,749	23,314,992	5,375,146	1,119,403	2,839,689	3,154,370
Operating Cash Flow Growth	858.85%	333.75%	380.18%	-60.58%	-9.98%	-
Capital Expenditures	-2,462,829	-1,637,517	-981,203	-466,520	-388,689	-422,653
Sale of Property, Plant & Equipment	-	-	-	10,711	305,058	1,890
Investment in Securities	-8,587,620	-8,614,620	-2,294,944	-1,626,786	-319,876	504,187
Net Decrease (Increase) in Loans Originated / Sold - Investing	-12,604,888	-6,148,851	-166,802	-768,348	-1,655,528	-1,279,492
Other Investing Activities	1,120,890	1,133,570	129,757	660,560	155,752	217,012
Investing Cash Flow	-22,534,447	-15,267,417	-3,313,191	-2,190,383	-1,903,283	-979,055
Long-Term Debt Issued	-	9,311,573	626,319	2,042,249	1,132,532	838,657
Long-Term Debt Repaid	-	-12,944,346	-2,473,381	-899,661	-2,346,432	-3,217,508
Net Debt Issued (Repaid)	-5,512,002	-3,632,773	-1,847,062	1,142,588	-1,213,900	-2,378,852
Issuance of Common Stock	-	-	-	-	-	500,000
Financing Cash Flow	-5,512,002	-3,632,773	-1,847,062	1,142,588	-1,213,900	-1,878,852
Net Cash Flow	572,300	4,414,801	214,893	71,608	-277,493	296,463
Free Cash Flow	26,155,919	21,677,475	4,393,943	652,883	2,451,000	2,731,717
Free Cash Flow Growth	1308.34%	393.35%	573.01%	-73.36%	-10.28%	-
Free Cash Flow Margin	133.28%	110.97%	188.84%	130.76%	210.74%	278.56%
Free Cash Flow Per Share	43274.94	47698.81	14646.48	2176.28	8170.00	10210.72
Cash Interest Paid	848,600	630,920	123,671	59,075	30,141	378,225
Cash Income Tax Paid	286,823	190,927	85,574	64,358	250,332	34,287

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