HOSE:KDH 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	1,045,471	810,414	715,674	1,102,954	1,202,474
Depreciation & Amortization	13,262	13,552	14,983	14,359	10,476
Other Operating Activities	-215,152	-995,741	-1,309,818	-762,770	-758,839
Change in Accounts Receivable	-1,318,726	-624,422	3,204,235	-997,242	-577,011
Change in Inventory	-1,081,980	-3,494,075	-6,144,035	-1,612,483	335,167
Change in Accounts Payable	-627,173	491,970	2,307,714	1,205,460	-2,059,712
Change in Other Net Operating Assets	160,085	150,754	-331,963	2,985	251,827
Operating Cash Flow	-2,024,212	-3,647,548	-1,543,210	-1,046,738	-1,595,618
Capital Expenditures	-683,397	-100,085	-193,735	-61,478	-57,885
Sale of Property, Plant & Equipment	-	-	-	-	450
Investment in Securities	-1,080,171	-856,345	2,958,739	-752,069	-483,526
Other Investing Activities	41,012	38,285	48,422	17,043	20,365
Investing Cash Flow	-1,722,557	-918,145	2,813,427	-796,505	-520,597
Long-Term Debt Issued	5,458,618	4,364,973	4,094,630	4,208,524	2,174,181
Long-Term Debt Repaid	-2,407,423	-3,612,613	-4,519,798	-1,208,481	-1,466,861
Net Debt Issued (Repaid)	3,051,195	752,360	-425,169	3,000,043	707,320
Issuance of Common Stock	144,240	3,183,800	135,000	230,400	936,403
Repurchase of Common Stock	-	-4,473	-3,250	-	-
Other Financing Activities	-	-	-	250	2,120
Financing Cash Flow	3,195,435	3,931,687	-293,419	3,230,693	1,645,844
Net Cash Flow	-551,334	-634,006	976,798	1,387,450	-470,371
Free Cash Flow	-2,707,609	-3,747,633	-1,736,945	-1,108,217	-1,653,503
Free Cash Flow Margin	-58.21%	-114.31%	-83.20%	-38.06%	-44.23%
Free Cash Flow Per Share	-2424.70	-3602.44	-1790.91	-1169.57	-1804.07
Cash Interest Paid	818,164	744,869	739,645	496,391	248,600
Cash Income Tax Paid	292,708	375,164	805,128	235,735	546,566
Levered Free Cash Flow	-4,081,555	-4,560,497	-1,112,028	-4,242,520	-1,992,252
Unlevered Free Cash Flow	-4,081,555	-4,560,460	-1,111,739	-4,236,679	-1,982,297
Change in Working Capital	-2,867,794	-3,475,772	-964,049	-1,401,281	-2,049,729

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