Hoang Anh Gia Lai JSC 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	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,125,516	1,013,433	1,663,971	1,128,745	203,030
Depreciation & Amortization	675,000	487,712	579,015	337,569	870,231
Other Amortization	38.82	10.82	-	-	-
Loss (Gain) From Sale of Assets	-131,204	-197,192	-713,558	-438,813	-455,074
Other Operating Activities	-1,269,255	318,450	-626,796	-59,365	-417,906
Change in Accounts Receivable	4,188,049	-1,139,246	-50,493	22,965	-605,054
Change in Inventory	-1,928,850	234,261	424,195	-595,022	-264,123
Change in Accounts Payable	-2,550,466	-1,093,853	-1,299,962	-251,359	82,660
Change in Other Net Operating Assets	-3,370	-406,357	124,742	-107,385	-54,040
Operating Cash Flow	1,105,458	-782,781	101,114	37,335	-640,276
Operating Cash Flow Growth	-	-	170.83%	-	-
Capital Expenditures	-1,573,530	-793,841	-614,181	-544,321	-1,215,682
Sale of Property, Plant & Equipment	159,273	31,217	204,907	17,965	227,716
Investment in Securities	-1,820,465	434,415	-31,666	558,798	3,223,877
Other Investing Activities	78,706	76,598	7,027	53,169	74,291
Investing Cash Flow	-3,535,701	484,108	49,813	250,222	1,288,677
Long-Term Debt Issued	11,995,238	7,926,953	5,416,358	1,802,441	1,458,995
Long-Term Debt Repaid	-9,153,468	-8,820,384	-5,597,845	-2,118,519	-2,126,304
Net Debt Issued (Repaid)	2,841,770	-893,431	-181,487	-316,077	-667,309
Issuance of Common Stock	118,293	1,300,000	-	-	-
Other Financing Activities	-	-	-	22,594	55
Financing Cash Flow	2,960,063	406,569	-181,487	-293,483	-667,254
Net Cash Flow	529,820	107,896	-30,560	-5,926	-18,853
Free Cash Flow	-468,072	-1,576,622	-513,068	-506,986	-1,855,958
Free Cash Flow Margin	-6.29%	-27.26%	-7.96%	-9.92%	-88.49%
Free Cash Flow Per Share	-421.05	-1550.88	-553.23	-546.67	-2001.25
Cash Interest Paid	1,013,798	294,261	436,458	63,238	65,501
Cash Income Tax Paid	37.67	28,881	2,323	3,333	2,206
Levered Free Cash Flow	-1,151,288	948,967	-169,295	741,270	-35,661
Unlevered Free Cash Flow	-687,512	1,396,527	-338,420	1,237,006	572,862
Change in Working Capital	-294,637	-2,405,195	-801,519	-930,802	-840,557

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