Masan Group Corporation (HOSE:MSN)
Vietnam · Delayed Price · Currency is VND 72,300
+2,900 (4.18%)
At close: Nov 4, 2026
Masan Group Cash Flow Statement
Financials in millions VND. Fiscal year is January - December.
Millions VND. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Jan '25 Jan 1, 2025 | Jan '24 Jan 1, 2024 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Net Income | 9,515,822 | 4,108,306 | 1,999,059 | 418,695 | 3,566,996 | 8,562,882 |
Depreciation & Amortization | 3,701,835 | 3,399,199 | 4,132,955 | 4,123,663 | 4,406,523 | 4,631,679 |
Other Amortization | 554,566 | 535,428 | 506,709 | 476,349 | 498,245 | 590,271 |
Loss (Gain) From Sale of Assets | -7,259,860 | -6,211,382 | -7,067,273 | -5,870,297 | -5,848,866 | -10,025,168 |
Asset Writedown & Restructuring Costs | - | - | - | -117,107 | - | - |
Other Operating Activities | 4,953,750 | 2,558,121 | 3,435,355 | 837,691 | 635,346 | 699,841 |
Change in Accounts Receivable | -4,841,639 | 299,800 | -337,553 | 452,139 | -671,677 | -800,894 |
Change in Inventory | -7,788,740 | -671,875 | -98,554 | 1,076,401 | -1,736,144 | -2,232,630 |
Change in Accounts Payable | 8,337,311 | 1,077,837 | 2,143,364 | -442,419 | -1,432,197 | -655,218 |
Change in Other Net Operating Assets | 189,285 | 98,203 | 628,346 | 426,228 | 95,094 | 373,150 |
Operating Cash Flow | 1,272,689 | 1,369,570 | 9,525,462 | 500,461 | -3,788,852 | 1,143,913 |
Operating Cash Flow Growth | -81.71% | -85.62% | 1803.34% | - | - | -15.35% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Jan '25 Jan 1, 2025 | Jan '24 Jan 1, 2024 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Capital Expenditures | -2,389,581 | -1,878,231 | -3,099,300 | -2,228,795 | -4,165,321 | -2,805,427 |
Sale of Property, Plant & Equipment | 53,939 | 22,047 | 34,765 | 17,461 | 23,919 | 19,279 |
Cash Acquisitions | 1,580,148 | - | - | -11,812 | -2,472,176 | 5,153 |
Divestitures | 854,307 | 84,669 | 4,284,306 | 708,600 | - | 13,682,023 |
Investment in Securities | -3,114,488 | -3,114,488 | -6,557,257 | - | -13,879,635 | -5,260,675 |
Other Investing Activities | 3,446,780 | 3,031,223 | 2,972,095 | 1,820,418 | 632,392 | 734,931 |
Investing Cash Flow | -12,676,377 | 16,898,880 | -10,693,537 | -7,823,672 | -26,447,259 | 6,346,219 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Jan '25 Jan 1, 2025 | Jan '24 Jan 1, 2024 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Long-Term Debt Issued | - | 59,984,641 | 93,606,481 | 91,059,079 | 78,059,927 | 60,085,748 |
Long-Term Debt Repaid | - | -84,149,040 | -88,625,423 | -87,340,183 | -54,970,286 | -57,134,435 |
Net Debt Issued (Repaid) | 9,108,759 | -24,164,399 | 4,981,058 | 3,718,896 | 23,089,641 | 2,951,313 |
Issuance of Common Stock | - | 75,589 | 6,411,786 | 71,136 | - | 17,363,923 |
Repurchase of Common Stock | -2,348,040 | - | - | - | - | - |
Common Dividends Paid | -2,786,884 | -890,481 | -1,721,291 | -243,821 | -1,253,082 | -3,442,095 |
Other Financing Activities | 2,747,005 | 195,479 | - | - | -40,387 | -9,777,448 |
Financing Cash Flow | 6,720,840 | -24,783,812 | 9,671,553 | 3,546,211 | 21,796,172 | 7,095,693 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Jan '25 Jan 1, 2025 | Jan '24 Jan 1, 2024 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Foreign Exchange Rate Adjustments | 2,573 | -654 | -10,127 | 48,415 | -11,783 | -2,445 |
Net Cash Flow | -4,680,275 | -6,516,016 | 8,493,351 | -3,728,585 | -8,451,722 | 14,583,380 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Jan '25 Jan 1, 2025 | Jan '24 Jan 1, 2024 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Free Cash Flow | -1,116,892 | -508,661 | 6,426,162 | -1,728,334 | -7,954,173 | -1,661,514 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -0.99% | -0.62% | 7.73% | -2.21% | -10.44% | -1.88% |
Free Cash Flow Per Share | -733.10 | -335.50 | 4322.61 | -1212.03 | -5599.85 | -1175.36 |
Levered Free Cash Flow | 5,558,050 | 2,755,528 | 3,538,545 | 1,867,746 | 591,423 | 1,605,472 |
Unlevered Free Cash Flow | 8,603,433 | 5,952,156 | 7,351,470 | 6,030,403 | 3,434,395 | 4,302,512 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Jan '25 Jan 1, 2025 | Jan '24 Jan 1, 2024 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Cash Interest Paid | 5,824,116 | 5,975,241 | 6,961,019 | 7,902,879 | 5,070,517 | 5,068,896 |
Cash Income Tax Paid | 1,181,112 | 1,273,816 | 1,408,359 | 816,207 | 903,262 | 1,652,600 |
Change in Working Capital | -10,193,424 | -3,020,102 | 6,518,657 | 631,467 | -7,047,096 | -3,315,592 |