Noibai Cargo Terminal Services JSC (HOSE:NCT)

HOSE:NCT Cash Flow Statement

Financials in millions VND. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Jan 1, 2024	Jan 1, 2023	Jan 1, 2022
Net Income	387,491	266,441	216,796	237,186	223,612
Depreciation & Amortization	29,559	27,385	30,650	27,671	26,252
Other Amortization	2,772	2,189	-	-	-
Loss (Gain) From Sale of Assets	-48,281	-	-205.71	-	-
Other Operating Activities	-12,610	-35,232	-11,143	-23,001	-14,240
Change in Accounts Receivable	-36,440	-7,335	6,344	5,031	-20,720
Change in Inventory	584.35	-461.6	439.14	320.05	-878.83
Change in Accounts Payable	68,852	52,776	27,452	-28,202	9,762
Change in Other Net Operating Assets	22,000	-50,474	1,008	2,734	-3,863
Operating Cash Flow	413,927	255,289	271,341	221,738	219,924
Operating Cash Flow Growth	62.14%	-5.92%	22.37%	0.83%	-13.25%
Capital Expenditures	-59,712	-18,817	-9,681	-39,264	-25,229
Sale of Property, Plant & Equipment	2,029	-	205.71	-	-
Investment in Securities	-223,917	-46,055	-69,620	40,190	-29,205
Other Investing Activities	47,920	27,165	22,210	15,327	9,168
Investing Cash Flow	-233,680	-37,707	-56,885	16,253	-45,266
Common Dividends Paid	-209,142	-130,871	-209,142	-256,424	-169,889
Financing Cash Flow	-209,142	-130,871	-209,142	-256,424	-169,889
Foreign Exchange Rate Adjustments	14.75	642.9	4.41	-4.11	-7.27
Net Cash Flow	-28,880	87,354	5,318	-18,437	4,761
Free Cash Flow	354,215	236,472	261,660	182,474	194,695
Free Cash Flow Growth	49.79%	-9.63%	43.40%	-6.28%	-20.69%
Free Cash Flow Margin	29.23%	25.69%	37.29%	24.80%	26.23%
Free Cash Flow Per Share	13537.37	9037.48	10000.08	6973.76	7440.84
Cash Income Tax Paid	73,003	62,425	41,011	56,829	55,179
Levered Free Cash Flow	277,937	260,538	232,741	146,473	143,592
Unlevered Free Cash Flow	277,937	260,538	232,741	146,473	143,592
Change in Working Capital	54,997	-5,494	35,243	-20,117	-15,700

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