Gemadept 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	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,886,899	1,755,630	1,455,480	2,250,577	993,916	612,182
Depreciation & Amortization	437,852	409,606	405,544	396,418	393,185	379,546
Other Amortization	7,017	5,613	-	-	-	-
Loss (Gain) From Sale of Assets	-1,063,335	-945,388	-823,434	-2,213,006	-412,441	-193,557
Other Operating Activities	331,080	376,680	447,417	204,267	121,230	168,175
Change in Accounts Receivable	596,334	344,753	151,701	383,529	-185,782	6,115
Change in Inventory	-27,207	-9,058	-11,920	24,702	-13,753	8,457
Change in Accounts Payable	296,006	278,103	-34,739	-1,073,171	1,392,985	-30,962
Change in Other Net Operating Assets	-92,996	-93,984	-74,648	23,813	9,900	11,332
Operating Cash Flow	2,387,340	2,142,023	1,526,823	-2,870	2,299,240	964,817
Operating Cash Flow Growth	96.63%	40.29%	-	-	138.31%	47.22%
Capital Expenditures	-1,714,360	-1,676,123	-1,479,932	-1,177,219	-1,365,689	-586,166
Sale of Property, Plant & Equipment	3,600	4,193	12,589	23,823	4,403	42,063
Investment in Securities	-313,839	-386,520	237,383	2,424,047	-	55,372
Other Investing Activities	433,081	420,596	289,331	201,733	173,845	123,138
Investing Cash Flow	-3,264,185	-3,384,150	-1,375,722	915,396	-1,234,745	-356,309
Long-Term Debt Issued	-	1,365,696	744,047	740,269	1,562,506	1,524,258
Long-Term Debt Repaid	-	-1,280,151	-548,542	-813,033	-1,471,940	-1,495,574
Net Debt Issued (Repaid)	341,643	85,545	195,504	-72,764	90,565	28,684
Issuance of Common Stock	63,028	125,125	3,059,191	45,206	-	-
Common Dividends Paid	-1,318,022	-1,314,588	-916,107	-780,371	-428,119	-426,189
Financing Cash Flow	-913,351	-1,103,918	2,338,588	-807,928	-337,554	-397,505
Foreign Exchange Rate Adjustments	4,296	4,023	2,952	2,729	60.16	-1,331
Net Cash Flow	-1,785,900	-2,342,022	2,492,640	107,327	727,001	209,672
Free Cash Flow	672,980	465,899	46,891	-1,180,090	933,551	378,651
Free Cash Flow Growth	-	893.59%	-	-	146.55%	-13.88%
Free Cash Flow Margin	10.98%	7.82%	0.97%	-30.69%	23.95%	11.81%
Free Cash Flow Per Share	1592.49	1107.27	146.97	-3893.65	3097.61	1256.40
Cash Interest Paid	128,124	116,338	141,493	139,731	125,925	125,740
Cash Income Tax Paid	315,077	243,715	241,990	624,981	147,474	102,792
Levered Free Cash Flow	-213,915	-102,853	-265,489	-1,742,039	695,987	476,809
Unlevered Free Cash Flow	-135,102	-32,490	-178,309	-1,657,668	777,710	551,342
Change in Working Capital	787,827	539,881	41,816	-641,127	1,203,350	-1,529

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