FECON 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	31,587	9,269	-32,096	39,609	68,374
Depreciation & Amortization	128,699	168,033	169,068	154,323	96,495
Other Amortization	3,712	-	-	-	-
Loss (Gain) From Sale of Assets	-61,988	-69,520	-8,170	-162,097	-14,675
Other Operating Activities	65,284	29,705	3,128	880.52	-12,191
Change in Accounts Receivable	310,378	-433,409	-512,770	375,687	1,102,427
Change in Inventory	-811,545	-2,335	-14,704	-17,785	-633,904
Change in Accounts Payable	267,345	158,700	795,508	-587,252	-682,982
Change in Other Net Operating Assets	-19,655	-31,472	10,436	-6,259	-33,931
Operating Cash Flow	-86,183	-171,028	410,398	-202,894	-110,386
Capital Expenditures	-641,503	-1,016,904	-127,444	-138,392	-1,215,794
Sale of Property, Plant & Equipment	78,544	80,465	16,776	2,519	59,695
Investment in Securities	-77,379	10,300	78,523	157,552	-56,595
Other Investing Activities	55,776	3,237	5,252	13,689	11,732
Investing Cash Flow	-527,657	-881,419	5,823	-469,247	-1,208,546
Long-Term Debt Issued	5,577,468	3,636,817	2,943,729	3,019,989	4,188,149
Long-Term Debt Repaid	-4,675,700	-2,797,943	-2,837,127	-2,859,216	-3,309,841
Net Debt Issued (Repaid)	901,768	838,874	106,602	160,773	878,309
Issuance of Common Stock	-	-	-	373,343	435,536
Common Dividends Paid	-65,369	-15,806	-53,514	-	-40,869
Other Financing Activities	66,014	629	56,740	-	-
Financing Cash Flow	902,413	823,697	109,829	534,116	1,272,975
Foreign Exchange Rate Adjustments	-318.96	5.33	1,043	233.81	33.31
Net Cash Flow	288,253	-228,745	527,093	-137,791	-45,923
Free Cash Flow	-727,686	-1,187,932	282,955	-341,286	-1,326,181
Free Cash Flow Margin	-14.96%	-35.20%	9.83%	-11.21%	-38.06%
Free Cash Flow Per Share	-4622.02	-7545.35	1797.23	-2167.74	-10365.57
Cash Interest Paid	290,610	204,698	239,396	212,408	147,453
Cash Income Tax Paid	32,549	27,366	29,827	30,083	41,656
Levered Free Cash Flow	-1,609,748	-1,140,543	539,246	-1,024,731	-1,236,744
Unlevered Free Cash Flow	-1,440,553	-1,006,444	701,679	-891,982	-1,145,700
Change in Working Capital	-253,478	-308,516	278,470	-235,610	-248,390

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.