Vinaconex 25 JSC 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	23,182	20,045	7,474	8,305
Depreciation & Amortization	8,186	7,805	10,722	11,511
Loss (Gain) From Sale of Assets	-8,352	-5,596	-6,175	-7,144
Other Operating Activities	9,213	19,300	-11,118	-4,621
Change in Accounts Receivable	69,993	28,869	18,634	-28,322
Change in Inventory	-146,242	-97,627	-22,263	-32,118
Change in Accounts Payable	73,228	113,898	-21,043	-57,272
Change in Other Net Operating Assets	-12,917	-12,715	-8,494	-4,479
Operating Cash Flow	16,292	73,979	-32,263	-114,141
Capital Expenditures	-6,995	-4,016	-754.12	-1,216
Sale of Property, Plant & Equipment	14,214	14,618	273.26	65
Other Investing Activities	5,131	2,375	4,475	6,726
Investing Cash Flow	-74,415	-73,318	46,241	-20,125
Long-Term Debt Issued	-	1,006,247	777,038	1,086,185
Long-Term Debt Repaid	-	-985,877	-791,771	-1,051,669
Net Debt Issued (Repaid)	38,273	20,370	-14,733	34,516
Issuance of Common Stock	-	-	-	120,000
Common Dividends Paid	-12.8	-16.22	-8,397	-8,380
Financing Cash Flow	38,260	20,353	-23,130	146,136
Net Cash Flow	-19,863	21,014	-9,152	11,869
Free Cash Flow	9,297	69,963	-33,017	-115,358
Free Cash Flow Margin	0.54%	4.32%	-3.12%	-9.63%
Free Cash Flow Per Share	387.37	2915.11	-1375.70	-8558.05
Cash Interest Paid	29,393	26,996	30,489	29,936
Cash Income Tax Paid	9,962	3,998	3,641	3,907
Levered Free Cash Flow	47,536	79,847	-7,525	-
Unlevered Free Cash Flow	57,984	90,589	3,252	-
Change in Working Capital	-15,938	32,425	-33,166	-122,192