Gelex Electricity 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	3,384,943	3,257,380	1,588,235	745,377
Depreciation & Amortization	326,732	344,908	399,031	582,175
Other Amortization	11,426	9,104	-	-
Loss (Gain) From Sale of Assets	-1,711,225	-1,654,603	-468,671	-488,764
Other Operating Activities	109,169	470,026	296,470	25,288
Change in Accounts Receivable	-718,617	-224,857	-563,591	942,935
Change in Inventory	-1,664,153	-1,876,716	-686,186	1,275,234
Change in Accounts Payable	996,622	-140,903	-68,377	-760,659
Change in Other Net Operating Assets	-122,976	-67,495	-12,321	44,504
Operating Cash Flow	572,948	-471,842	534,581	2,317,711
Operating Cash Flow Growth	197.70%	-	-76.94%	-
Capital Expenditures	-280,750	-268,305	-148,962	-239,807
Sale of Property, Plant & Equipment	20,978	20,594	1,144	3,283
Investment in Securities	2,954,563	2,927,672	1,212,658	66,843
Other Investing Activities	237,100	176,091	135,869	188,261
Investing Cash Flow	-608,510	630,675	1,011,751	4,301
Long-Term Debt Issued	-	15,961,137	12,446,608	8,329,721
Long-Term Debt Repaid	-	-13,535,903	-14,058,309	-9,504,417
Net Debt Issued (Repaid)	2,751,083	2,425,234	-1,611,701	-1,174,696
Issuance of Common Stock	28,287	78,128	-	15,120
Common Dividends Paid	-1,822,136	-2,144,425	-374,789	-747,999
Other Financing Activities	-	-	4,900	-
Financing Cash Flow	957,234	358,937	-1,981,590	-1,907,575
Foreign Exchange Rate Adjustments	4,231	3,467	1,726	1,103
Net Cash Flow	925,903	521,236	-433,533	415,539
Free Cash Flow	292,198	-740,147	385,619	2,077,904
Free Cash Flow Growth	623.07%	-	-81.44%	-
Free Cash Flow Margin	1.07%	-2.91%	1.82%	12.51%
Free Cash Flow Per Share	456.87	-1158.35	610.40	3298.26
Cash Interest Paid	249,096	245,959	255,976	602,187
Cash Income Tax Paid	830,759	501,640	307,133	177,723
Levered Free Cash Flow	1,202,595	-2,603,971	864,020	-
Unlevered Free Cash Flow	1,450,988	-2,377,830	1,171,364	-
Change in Working Capital	-1,548,097	-2,898,657	-1,280,484	1,453,634

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