MST Investment 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	21,448	17,140	68,295	36,635
Depreciation & Amortization	168.7	168.7	493.95	519.4
Other Amortization	-	73.64	-	-
Loss (Gain) From Sale of Assets	-	-28,995	-22,768	-
Other Operating Activities	-177,849	-5,640	63,150	-51,315
Change in Accounts Receivable	-166,365	-478,258	-82,697	362,404
Change in Inventory	-98,012	4,796	14,287	11,074
Change in Accounts Payable	932,664	327,200	13,544	-174,224
Change in Other Net Operating Assets	-6,360	-25.32	86.93	110.76
Operating Cash Flow	505,694	-163,542	54,393	185,204
Operating Cash Flow Growth	-	-	-70.63%	-
Capital Expenditures	-	-	-	-3,682
Sale of Property, Plant & Equipment	-	-	2,080	-
Investment in Securities	-	21,000	-298,283	-125,630
Other Investing Activities	19,138	7.16	9,294	20,376
Investing Cash Flow	-849,024	-11,965	13,939	-87,137
Long-Term Debt Issued	1,514,402	194,901	155,111	173,210
Long-Term Debt Repaid	-1,326,947	-17,792	-223,035	-281,901
Net Debt Issued (Repaid)	187,455	177,109	-67,925	-108,691
Issuance of Common Stock	300,000	-	-	-
Common Dividends Paid	-324	-	-	-
Financing Cash Flow	487,131	177,109	-67,925	-108,691
Net Cash Flow	143,801	1,602	407.51	-10,623
Free Cash Flow	505,694	-163,542	54,393	181,522
Free Cash Flow Growth	-	-	-70.03%	-
Free Cash Flow Margin	33.51%	-12.84%	4.51%	52.78%
Free Cash Flow Per Share	6653.39	-1956.13	691.68	2161.24
Cash Interest Paid	169,703	19,507	10,342	29,819
Cash Income Tax Paid	10,074	4,099	7,518	4,572
Levered Free Cash Flow	-1,270,662	-318,212	45,572	-
Unlevered Free Cash Flow	-1,251,944	-306,531	59,874	-
Change in Working Capital	661,927	-146,288	-54,778	199,365

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