DSC Securities Cash Flow Statement

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Jan '21 Jan 1, 2021	2016 - 2020
Net Income	258,552	176,820	119,917	33,447	24,852	493.9	Upgrade
Depreciation & Amortization, Total	2,244	2,726	2,376	1,207	149.86	167.27	Upgrade
Gain (Loss) On Sale of Investments	-13,888	-24,119	-24,309	-477.21	-19,154	-	Upgrade
Change in Accounts Receivable	-23,072	-1,989	-363.9	-87.49	-21,817	890.98	Upgrade
Change in Accounts Payable	-7,404	-6,309	2,839	762.29	750.36	10,034	Upgrade
Change in Other Net Operating Assets	-1,797,341	-328,882	-933,551	-685,322	-1,482,671	21,675	Upgrade
Other Operating Activities	62,017	47,892	90,484	26,217	6,123	-1,300	Upgrade
Operating Cash Flow	-1,258,403	-1,080,417	-1,525,434	-537,664	-1,751,646	31,997	Upgrade
Capital Expenditures	-56.45	-2,097	-831.66	-18,578	-389.61	-84.5	Upgrade
Investment in Securities	8,599	8,599	-	-	-	-	Upgrade
Other Investing Activities	-3,338	-	2,315	644.18	130.7	394.84	Upgrade
Investing Cash Flow	5,204	6,505	1,483	-17,921	14,407	310.34	Upgrade
Short-Term Debt Issued	-	11,062,938	9,900,591	5,008,909	1,523,444	7,000	Upgrade
Total Debt Issued	13,483,438	11,062,938	9,900,591	5,008,909	1,523,444	7,000	Upgrade
Short-Term Debt Repaid	-	-9,571,916	-9,362,434	-4,459,650	-761,608	-7,000	Upgrade
Total Debt Repaid	-12,227,684	-9,571,916	-9,362,434	-4,459,650	-761,608	-7,000	Upgrade
Net Debt Issued (Repaid)	1,255,754	1,491,023	538,158	549,259	761,835	-	Upgrade
Issuance of Common Stock	-	-	1,048,389	-	940,000	-	Upgrade
Financing Cash Flow	1,255,754	1,491,023	1,586,547	549,259	1,701,835	-	Upgrade
Net Cash Flow	2,556	417,111	62,596	-6,327	-35,403	32,307	Upgrade
Free Cash Flow	-1,258,459	-1,082,514	-1,526,266	-556,243	-1,752,035	31,912	Upgrade
Free Cash Flow Growth	-	-	-	-	-	446.81%	Upgrade
Free Cash Flow Margin	-251.71%	-251.06%	-452.09%	-446.16%	-3453.49%	553.11%	Upgrade
Free Cash Flow Per Share	-5250.98	-4516.84	-8854.89	-4754.21	-36049.01	4545.88	Upgrade
Cash Interest Paid	117,910	69,494	107,642	35,286	2,896	6.52	Upgrade
Cash Income Tax Paid	39,427	33,929	23,022	7,581	313.6	26.46	Upgrade

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