Ba Ria Thermal Power 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	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	57,718	42,571	42,817	71,821	70,744	127,218
Depreciation & Amortization	52,376	53,087	54,431	54,319	48,747	41,573
Other Amortization	678.56	615.72	-	-	-	-
Loss (Gain) on Sale of Assets	-44,708	-44,708	-56,844	-97,662	-74,194	-82,001
Loss (Gain) on Sale of Investments	-	-	-	-	-	-6,224
Change in Accounts Receivable	16,950	9,359	11,120	192,508	167,634	-343,440
Change in Inventory	9,182	8,972	15,754	-59,659	1,105	8,336
Change in Accounts Payable	3,580	-24,976	35,187	-67,247	-180,873	195,135
Change in Other Net Operating Assets	2,357	3,818	5,611	4,309	-4,102	5,315
Other Operating Activities	-17,834	-2,742	-23,040	-10,502	-27,675	-44,635
Operating Cash Flow	80,299	45,996	85,035	87,888	1,387	-98,724
Operating Cash Flow Growth	94.43%	-45.91%	-3.25%	6238.66%	-	-
Capital Expenditures	-11,418	-7,654	-308.52	-33,958	-77,368	-55,007
Sale of Property, Plant & Equipment	77.54	77.54	0.05	0.09	41.67	36.36
Investment in Securities	-28,827	-28,827	55,000	-90,000	-	-320,000
Other Investing Activities	57,499	50,903	67,506	82,236	543,930	499,363
Investing Cash Flow	6,331	14,500	122,198	18,927	171,604	124,393
Long-Term Debt Issued	-	-	-	-	119,500	139,803
Long-Term Debt Repaid	-	-43,394	-43,868	-49,154	-169,878	-195,729
Net Debt Issued (Repaid)	-43,394	-43,394	-43,868	-49,154	-50,378	-55,926
Common Dividends Paid	-19,911	-19,904	-196,884	-72,370	-90,428	-66,308
Financing Cash Flow	-63,305	-63,297	-240,752	-121,523	-140,806	-122,233
Net Cash Flow	23,325	-2,801	-33,519	-14,708	32,184	-96,565
Free Cash Flow	68,881	38,342	84,727	53,930	-75,981	-153,731
Free Cash Flow Growth	68.52%	-54.75%	57.10%	-	-	-
Free Cash Flow Margin	26.38%	14.56%	23.71%	6.92%	-14.80%	-12.68%
Free Cash Flow Per Share	1138.80	633.90	1400.78	891.62	-1256.19	-2541.62
Cash Interest Paid	2,905	2,905	4,143	5,403	6,461	8,524
Cash Income Tax Paid	-	-	-	537.3	18,171	19,315
Levered Free Cash Flow	83,293	50,142	83,523	68,713	-73,503	-89,531
Unlevered Free Cash Flow	84,871	51,886	86,008	72,001	-78,927	-84,360
Change in Working Capital	32,069	-2,827	67,672	69,911	-16,237	-134,654

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