PVI Holdings 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	1,321,368	1,102,928	854,414	957,130	833,911	830,261
Depreciation & Amortization	56,401	62,929	86,122	86,035	75,713	73,665
Other Amortization	15,761	14,146	-	-	-	-
Gain (Loss) on Sale of Assets	-1,175,638	-1,169,386	-1,102,648	-1,116,799	-892,489	-646,271
Change in Accounts Receivable	99,829	-106,130	-93,739	394,883	-492,987	-20,407
Change in Other Net Operating Assets	345,868	930,005	377,748	-396,931	-51,180	-1,023,639
Other Operating Activities	1,358,037	1,411,519	954,883	458,120	724,212	143,893
Operating Cash Flow	640,250	723,888	1,575,928	1,072,088	-524,741	318,339
Operating Cash Flow Growth	-66.94%	-54.07%	47.00%	-	-	167.53%
Capital Expenditures	-30,172	-29,469	-32,524	-48,852	-22,542	-13,678
Sale of Property, Plant & Equipment	1,680	1,710	137.6	332	355,616	568.22
Investment in Securities	1,082,501	-5,000	17,084	-	-	68,260
Other Investing Activities	1,422,551	1,145,277	877,156	870,598	773,143	669,439
Investing Cash Flow	437,615	330,858	-1,511,213	-872,032	1,934,073	-483,216
Short-Term Debt Issued	-	2,087,745	1,915,550	1,682,985	1,045,058	549,668
Total Debt Issued	1,680,775	2,087,745	1,915,550	1,682,985	1,045,058	549,668
Total Debt Repaid	-1,783,716	-1,748,341	-1,715,550	-1,711,983	-1,243,551	-326,188
Net Debt Issued (Repaid)	-102,940	339,405	200,000	-28,998	-198,493	223,480
Issuance of Common Stock	-	-	25,990	17,097	-	498,474
Common Dividends Paid	-772,790	-772,790	-780,080	-736,681	-803,146	-683,700
Financing Cash Flow	-875,730	-433,385	-554,090	-748,583	-1,001,639	38,254
Foreign Exchange Rate Adjustments	2,050	2,657	1,006	2,090	871.45	-1,943
Net Cash Flow	204,185	624,018	-488,370	-546,437	408,564	-128,566
Free Cash Flow	610,078	694,419	1,543,404	1,023,237	-547,283	304,661
Free Cash Flow Growth	-68.04%	-55.01%	50.83%	-	-	554.71%
Free Cash Flow Margin	5.37%	6.46%	17.43%	12.92%	-7.48%	5.29%
Free Cash Flow Per Share	2604.48	2964.54	6588.93	4368.29	-2336.40	1350.42
Cash Interest Paid	49,042	49,042	31,609	32,882	26,036	2,335
Cash Income Tax Paid	305,587	301,760	265,423	225,297	182,998	233,836
Levered Free Cash Flow	27,729	-301,529	555,499	2,113,300	1,720,047	-1,080,798
Unlevered Free Cash Flow	59,773	-270,937	575,340	2,133,851	1,729,965	-1,079,114
Change in Working Capital	-935,679	-698,247	783,157	687,602	-1,266,088	-83,210

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