HOSE:HDC 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	639,091	66,057	131,643	419,367	309,339
Depreciation & Amortization	16,169	16,051	16,200	16,027	15,757
Other Amortization	211.98	-	-	201.37	-
Loss (Gain) From Sale of Assets	-903,655	-23,335	-7,151	-1,421	-5,362
Other Operating Activities	151,352	-122,961	-111,052	115,674	-6,225
Change in Accounts Receivable	116,741	81,707	146,759	-316,502	-254,982
Change in Inventory	-988,651	-180,104	-380,678	339,884	-129,725
Change in Accounts Payable	-57,413	42,735	275,668	-393,388	-251,049
Change in Other Net Operating Assets	9,388	-13,120	1,844	8,289	13,085
Operating Cash Flow	-1,016,767	-132,969	180,481	86,234	-309,162
Operating Cash Flow Growth	-	-	109.29%	-	-
Capital Expenditures	-12,607	-2,223	-3,884	-19,529	-20,854
Sale of Property, Plant & Equipment	255.01	-	377.27	12,876	519.09
Investment in Securities	924,895	-78,400	-203,999	-468,909	-30,000
Other Investing Activities	10,251	19,280	4,404	4,488	3,534
Investing Cash Flow	903,414	-61,367	-192,602	-481,971	-46,801
Long-Term Debt Issued	2,034,429	1,070,027	892,736	1,164,349	1,090,057
Long-Term Debt Repaid	-1,431,598	-1,177,034	-878,283	-817,434	-761,232
Net Debt Issued (Repaid)	602,831	-107,006	14,453	346,915	328,825
Issuance of Common Stock	-	299,564	-	-	58,374
Other Financing Activities	-960	-840	-960	-1,320	527.09
Financing Cash Flow	601,871	191,718	13,493	345,595	387,726
Foreign Exchange Rate Adjustments	-8.1	-1.24	-0.08	-6.57	-
Net Cash Flow	488,511	-2,620	1,372	-50,149	31,763
Free Cash Flow	-1,029,374	-135,192	176,597	66,705	-330,016
Free Cash Flow Growth	-	-	164.74%	-	-
Free Cash Flow Margin	-225.49%	-24.75%	26.54%	5.14%	-24.40%
Free Cash Flow Per Share	-5731.92	-793.93	1292.40	424.75	-1972.28
Cash Interest Paid	72,339	55,638	83,740	82,291	41,795
Cash Income Tax Paid	25,199	123,809	86,636	19,474	66,415
Levered Free Cash Flow	-420,663	-233,972	407,020	530,230	-524,464
Unlevered Free Cash Flow	-370,303	-199,182	459,358	582,446	-498,342
Change in Working Capital	-919,935	-68,782	150,841	-463,615	-622,671

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