Macstar Group 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 2019	FY 2018
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Net Income	53,241	48,986	42,307	11,995	10,736
Depreciation & Amortization	14,349	6,802	3,783	5,347	5,562
Loss (Gain) From Sale of Assets	418.73	-518.08	-40,155	-6,974	-1,166
Other Operating Activities	10,821	-3,663	1,188	-2,906	-3,379
Change in Accounts Receivable	-36,946	-42,642	35,341	3,355	7,845
Change in Inventory	-1,780	-305.72	5,557	-650.34	-11,114
Change in Accounts Payable	65,530	11,131	-3,839	10,255	-3,750
Change in Other Net Operating Assets	-1,405	214.75	-1,451	375.76	56.07
Operating Cash Flow	-175,062	78,580	-43,308	20,798	4,790
Operating Cash Flow Growth	-	-	-	334.20%	-
Capital Expenditures	-111,312	-21,192	-12,827	-324.52	-919.49
Sale of Property, Plant & Equipment	-	250.7	241.13	4.55	1,202
Investment in Securities	-120,300	-	33,062	-14,679	-
Other Investing Activities	8,288	6,320	1,914	1,391	1,941
Investing Cash Flow	-135,424	-101,482	53,689	-12,248	2,224
Short-Term Debt Issued	-	-	-	92,476	126,737
Long-Term Debt Issued	650,580	46,717	85,689	-	-
Total Debt Issued	650,580	46,717	85,689	92,476	126,737
Short-Term Debt Repaid	-	-	-	-92,311	-124,466
Long-Term Debt Repaid	-518,307	-43,962	-76,675	-	-
Total Debt Repaid	-518,307	-43,962	-76,675	-92,311	-124,466
Net Debt Issued (Repaid)	132,274	2,755	9,015	164.23	2,271
Issuance of Common Stock	595,910	35,500	2,000	-	-
Common Dividends Paid	-	-	-7,551	-7,570	-
Financing Cash Flow	728,184	38,255	3,464	-7,406	2,271
Foreign Exchange Rate Adjustments	-	9.23	0	-	-13.39
Net Cash Flow	417,697	15,363	13,845	1,144	9,271
Free Cash Flow	-286,374	57,388	-56,136	20,473	3,870
Free Cash Flow Growth	-	-	-	428.96%	-
Free Cash Flow Margin	-112.91%	46.10%	-73.63%	13.03%	2.14%
Free Cash Flow Per Share	-12578.14	2527.05	-2471.48	901.18	176.16
Cash Interest Paid	6,190	369.77	-	1,896	1,976
Cash Income Tax Paid	10,786	2,566	5,499	4,040	3,804
Levered Free Cash Flow	-86,059	-42,087	-	20,520	-
Unlevered Free Cash Flow	-80,434	-41,837	-	21,736	-
Change in Working Capital	-253,892	26,973	-50,431	13,335	-6,963

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