Thang Long Joint Stock 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	50,248	-7,828	23,609	4,920	12,990
Depreciation & Amortization	72,917	78,299	58,753	51,493	40,783
Loss (Gain) From Sale of Assets	-13,189	-9,278	-8,415	-10,163	-16,128
Other Operating Activities	25,149	10,395	5,401	5,726	-2,453
Change in Accounts Receivable	-476,975	152,263	-155,942	-12,749	-406,342
Change in Inventory	-15,631	3,713	-300,666	-69,366	-147,532
Change in Accounts Payable	293,142	-86,627	400,008	-130,455	271,993
Change in Other Net Operating Assets	-103,056	3,837	13,252	2,615	-21,616
Operating Cash Flow	-167,395	144,773	35,998	-157,978	-268,304
Operating Cash Flow Growth	-	302.17%	-	-	-
Capital Expenditures	-897.83	-293.29	-5,600	-18,234	-6,221
Sale of Property, Plant & Equipment	365.45	1,300	1,909	849.5	1,742
Investment in Securities	-	-	9,953	68,090	-
Other Investing Activities	5,943	1,609	7,100	14,914	13,685
Investing Cash Flow	-63,789	5,379	5,341	60,056	9,516
Long-Term Debt Issued	1,369,643	1,146,753	1,161,926	938,708	523,206
Long-Term Debt Repaid	-1,094,397	-1,118,512	-1,047,743	-753,031	-428,912
Net Debt Issued (Repaid)	275,246	28,240	114,184	185,677	94,294
Common Dividends Paid	-13,950	-18,010	-175	-199.99	-16,614
Other Financing Activities	-	1,050	-	-	-
Financing Cash Flow	261,296	11,280	114,009	185,477	77,680
Foreign Exchange Rate Adjustments	0.24	-0.06	-0.05	76.87	-44.22
Net Cash Flow	30,112	161,432	155,348	87,631	-181,153
Free Cash Flow	-168,293	144,479	30,398	-176,212	-274,525
Free Cash Flow Growth	-	375.29%	-	-	-
Free Cash Flow Margin	-9.12%	8.68%	2.08%	-11.78%	-21.75%
Free Cash Flow Per Share	-4020.98	3452.01	726.30	-4225.93	-6551.36
Cash Interest Paid	59,863	58,945	70,740	42,746	32,552
Cash Income Tax Paid	2,502	3,915	5,990	4,091	3,006
Levered Free Cash Flow	69,618	141,505	30,651	-188,975	-285,234
Unlevered Free Cash Flow	107,695	178,257	74,693	-161,268	-265,446
Change in Working Capital	-302,520	73,185	-43,349	-209,955	-303,496

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