DSC Securities 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	275,195	176,820	119,917	33,447	24,852
Depreciation & Amortization, Total	3,306	2,726	2,376	1,207	149.86
Gain (Loss) On Sale of Investments	-26,251	-24,119	-24,309	-477.21	-19,154
Change in Accounts Receivable	589.3	-1,989	-363.9	-87.49	-21,817
Change in Accounts Payable	1,530	-6,309	2,839	762.29	750.36
Change in Other Net Operating Assets	-785,801	-328,882	-933,551	-685,322	-1,482,671
Other Operating Activities	-76,791	47,892	90,484	26,217	6,123
Operating Cash Flow	-1,128,109	-1,080,417	-1,525,434	-537,664	-1,751,646
Capital Expenditures	-2,917	-2,097	-831.66	-18,578	-389.61
Investment in Securities	-	8,599	-	-	-
Other Investing Activities	7,772	-	2,315	644.18	130.7
Investing Cash Flow	4,855	6,505	1,483	-17,921	14,407
Short-Term Debt Issued	13,492,170	11,062,938	9,900,591	5,008,909	1,523,444
Total Debt Issued	13,492,170	11,062,938	9,900,591	5,008,909	1,523,444
Short-Term Debt Repaid	-12,893,600	-9,571,916	-9,362,434	-4,459,650	-761,608
Total Debt Repaid	-12,893,600	-9,571,916	-9,362,434	-4,459,650	-761,608
Net Debt Issued (Repaid)	598,569	1,491,023	538,158	549,259	761,835
Issuance of Common Stock	701,610	-	1,048,389	-	940,000
Common Dividends Paid	-348,225	-	-	-	-
Financing Cash Flow	951,954	1,491,023	1,586,547	549,259	1,701,835
Net Cash Flow	-171,300	417,111	62,596	-6,327	-35,403
Free Cash Flow	-1,131,026	-1,082,514	-1,526,266	-556,243	-1,752,035
Free Cash Flow Margin	-207.70%	-251.06%	-452.09%	-446.16%	-3453.49%
Free Cash Flow Per Share	-4112.82	-4516.84	-8854.89	-4754.21	-36049.01
Cash Interest Paid	140,289	69,494	107,642	35,286	2,896
Cash Income Tax Paid	46,516	33,929	23,022	7,581	313.6

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