Ngan Son 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	Dec '21 Dec 31, 2021
Net Income	24,323	18,311	12,112	7,105	6,361
Depreciation & Amortization	11,712	12,725	13,610	20,919	25,069
Other Amortization	273.11	252.2	-	-	-
Loss (Gain) From Sale of Assets	-	-596.21	-734.63	-	-326.36
Other Operating Activities	-4,176	-2,323	-723.91	3,168	3,083
Change in Accounts Receivable	-27,551	30,533	31,047	-13,874	2,043
Change in Inventory	-127,794	-24,281	-52,879	16,543	10,972
Change in Accounts Payable	11,912	-132,836	81,002	15,760	-54,547
Change in Other Net Operating Assets	-3,335	-3,110	-1,446	847.29	2,236
Operating Cash Flow	-114,636	-101,325	81,987	44,922	-12,346
Operating Cash Flow Growth	-	-	82.51%	-	-
Capital Expenditures	-20,419	-12,507	-2,044	-6,595	-5,301
Sale of Property, Plant & Equipment	-	596.21	511.72	-	120
Investment in Securities	-	-	-	-	6,750
Other Investing Activities	48.55	352.36	525.71	113.11	206.36
Investing Cash Flow	-20,370	-11,558	-1,007	-6,482	1,776
Short-Term Debt Issued	798,610	496,641	385,603	-	-
Long-Term Debt Issued	-	-	-	332,673	401,120
Total Debt Issued	798,610	496,641	385,603	332,673	401,120
Short-Term Debt Repaid	-654,088	-442,349	-395,676	-	-
Long-Term Debt Repaid	-	-	-	-366,783	-388,624
Total Debt Repaid	-654,088	-442,349	-395,676	-366,783	-388,624
Net Debt Issued (Repaid)	144,522	54,291	-10,072	-34,111	12,496
Common Dividends Paid	-11,819	-7,144	-3,536	-4,057	-5,864
Financing Cash Flow	132,703	47,148	-13,608	-38,168	6,631
Foreign Exchange Rate Adjustments	0.09	242.4	3.98	41.56	-0.12
Net Cash Flow	-2,303	-65,494	67,376	313.9	-3,939
Free Cash Flow	-135,054	-113,832	79,943	38,327	-17,647
Free Cash Flow Growth	-	-	108.58%	-	-
Free Cash Flow Margin	-14.29%	-13.09%	11.31%	6.73%	-2.69%
Free Cash Flow Per Share	-12054.39	-10161.77	7136.47	3420.28	-1575.63
Cash Interest Paid	6,136	3,574	3,167	2,888	1,346
Cash Income Tax Paid	6,604	4,741	2,323	-2.38	-89.3
Levered Free Cash Flow	-135,006	-118,527	84,426	35,214	-27,822
Unlevered Free Cash Flow	-131,093	-116,268	86,399	38,609	-23,921
Change in Working Capital	-146,768	-129,695	57,724	13,731	-46,534

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