First Real JSC Cash Flow Statement

Financials in millions VND. Fiscal year is October - September.

Millions VND. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2016	2015
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Dec '16 Dec 31, 2016	2015
Net Income	12,372	611.22	19,087	114,590	2,535	Upgrade
Depreciation & Amortization	851.09	1,080	1,565	2,114	245.12	Upgrade
Loss (Gain) From Sale of Assets	-1.61	-	-	-277.21	-	Upgrade
Loss (Gain) From Sale of Investments	-	-40.95	-17,070	-	-	Upgrade
Other Operating Activities	12,778	17,416	9,091	8,254	633.11	Upgrade
Change in Accounts Receivable	143,814	10,418	-131,157	-220,569	-22,031	Upgrade
Change in Inventory	-36,811	44,722	59,756	-280,154	-	Upgrade
Change in Accounts Payable	89,659	-45,474	5,312	82,857	657.63	Upgrade
Change in Other Net Operating Assets	977.94	921.8	1,799	728.41	292.29	Upgrade
Operating Cash Flow	223,638	29,653	-51,617	-292,456	-17,668	Upgrade
Operating Cash Flow Growth	654.18%	-	-	-	-	Upgrade
Capital Expenditures	-341.8	-292	-442.37	-4,693	-1,082	Upgrade
Sale of Property, Plant & Equipment	683.43	-	100	545.45	-	Upgrade
Investment in Securities	200	1,600	-200,000	-	-	Upgrade
Other Investing Activities	-	1.34	17,218	91.12	1.87	Upgrade
Investing Cash Flow	541.63	1,309	-53,124	-134,057	-1,080	Upgrade
Long-Term Debt Issued	60,000	184,606	338,160	420,900	1,560	Upgrade
Long-Term Debt Repaid	-285,675	-220,998	-271,267	-154,734	-766.93	Upgrade
Net Debt Issued (Repaid)	-225,675	-36,392	66,893	266,166	793.07	Upgrade
Issuance of Common Stock	-	-	-	202,527	18,000	Upgrade
Financing Cash Flow	-225,675	-36,392	66,893	468,692	18,793	Upgrade
Net Cash Flow	-1,495	-5,429	-37,849	42,179	44.8	Upgrade
Free Cash Flow	223,296	29,361	-52,059	-297,150	-18,750	Upgrade
Free Cash Flow Growth	660.52%	-	-	-	-	Upgrade
Free Cash Flow Margin	225.54%	23.69%	-30.78%	-77.28%	-192.49%	Upgrade
Free Cash Flow Per Share	3158.57	415.47	-736.65	-4205.61	-2861.34	Upgrade
Cash Interest Paid	-	30,937	48,335	-	103.57	Upgrade
Cash Income Tax Paid	-	6,254	61.45	-	-	Upgrade
Levered Free Cash Flow	162,613	25,230	-	-	-19,304	Upgrade
Unlevered Free Cash Flow	179,769	54,627	-	-	-19,238	Upgrade
Change in Working Capital	197,640	10,587	-64,289	-417,138	-21,082	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.