Vinaconex 25 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	25,041	7,474	8,305
Depreciation & Amortization	8,231	10,722	11,511
Loss (Gain) From Sale of Assets	3,105	-6,175	-7,144
Other Operating Activities	19,180	-11,118	-4,621
Change in Accounts Receivable	-62,930	18,634	-28,322
Change in Inventory	104,180	-22,263	-32,118
Change in Accounts Payable	-98,386	-21,043	-57,272
Change in Other Net Operating Assets	-12,715	-8,494	-4,479
Operating Cash Flow	-14,294	-32,263	-114,141
Capital Expenditures	-3,235	-754.12	-1,216
Sale of Property, Plant & Equipment	-	273.26	65
Investment in Securities	7,833	-	-
Other Investing Activities	3,105	4,475	6,726
Investing Cash Flow	9,049	46,241	-20,125
Long-Term Debt Issued	1,435,785	777,038	1,086,185
Long-Term Debt Repaid	-1,409,509	-791,771	-1,051,669
Net Debt Issued (Repaid)	26,276	-14,733	34,516
Issuance of Common Stock	-	-	120,000
Common Dividends Paid	-17.04	-8,397	-8,380
Financing Cash Flow	26,259	-23,130	146,136
Net Cash Flow	21,014	-9,152	11,869
Free Cash Flow	-17,529	-33,017	-115,358
Free Cash Flow Margin	-1.08%	-3.12%	-9.63%
Free Cash Flow Per Share	-730.11	-1375.70	-8558.05
Cash Interest Paid	-	30,489	29,936
Cash Income Tax Paid	-	3,641	3,907
Levered Free Cash Flow	65,351	-7,542	-
Unlevered Free Cash Flow	76,093	3,235	-
Change in Working Capital	-69,851	-33,166	-122,192

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