The PAN Group JSC (HOSE:PAN)
Vietnam · Delayed Price · Currency is VND 16,700
+100 (0.60%)
At close: Nov 3, 2026
The PAN Group JSC 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 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,232,861 | 672,665 | 608,889 | 405,921 | 373,969 | 297,422 |
Depreciation & Amortization | 419,997 | 500,548 | 522,007 | 499,991 | 429,326 | 392,750 |
Other Amortization | 5,970 | 3,533 | - | - | - | - |
Loss (Gain) From Sale of Assets | -294,210 | -437,996 | -518,539 | -519,578 | -311,299 | -312,392 |
Other Operating Activities | 325,881 | 309,484 | 378,802 | 310,578 | 329,769 | 105,160 |
Change in Accounts Receivable | -2,458,223 | -958,506 | 121,526 | -64,979 | -344,126 | 362,267 |
Change in Inventory | -588,936 | -145,326 | 22,809 | -18,239 | -525,045 | -550,994 |
Change in Accounts Payable | 2,450,424 | -614,706 | 309,575 | -354,002 | 433,325 | 213,711 |
Change in Other Net Operating Assets | 8,260 | -165,781 | 34,771 | -58,533 | -35,403 | 59,267 |
Operating Cash Flow | 2,858,563 | 9,054,817 | -1,739,184 | -4,268,840 | 1,045,474 | -1,427,198 |
Operating Cash Flow Growth | -64.33% | - | - | - | - | - |
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 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -129,351 | -178,625 | -323,419 | -341,088 | -672,270 | -591,552 |
Sale of Property, Plant & Equipment | 17,229 | 26,504 | 9,327 | 23,629 | 236,195 | 10,317 |
Investment in Securities | 1,148,590 | -443,330 | -302,779 | - | -685,182 | 920,722 |
Other Investing Activities | 208,058 | 429,390 | 344,624 | 495,497 | 244,348 | 222,290 |
Investing Cash Flow | -812,172 | -1,067,529 | 890,284 | 168,729 | -1,936,945 | 806,507 |
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 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 11,612,299 | 24,031,592 | 20,217,601 | 13,496,470 | 11,700,610 |
Long-Term Debt Repaid | - | -19,629,684 | -21,317,323 | -16,381,288 | -13,453,133 | -10,551,125 |
Net Debt Issued (Repaid) | -2,698,856 | -8,017,385 | 2,714,269 | 3,836,313 | 43,337 | 1,149,485 |
Common Dividends Paid | -748,407 | -323,355 | -320,363 | -174,457 | -150,284 | -185,468 |
Other Financing Activities | - | - | - | - | - | 471,923 |
Financing Cash Flow | -3,447,264 | -8,340,740 | 2,393,906 | 3,661,856 | -106,946 | 1,435,940 |
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 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 24,384 | 21,298 | 11,426 | 2,711 | -4,852 | 250.39 |
Net Cash Flow | -1,376,488 | -332,154 | 1,556,432 | -435,544 | -1,003,270 | 815,500 |
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 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,729,212 | 8,876,192 | -2,062,603 | -4,609,928 | 373,203 | -2,018,750 |
Free Cash Flow Growth | -64.09% | - | - | - | - | - |
Free Cash Flow Margin | 17.34% | 50.47% | -12.75% | -34.91% | 2.73% | -21.83% |
Free Cash Flow Per Share | 10887.51 | 35409.35 | -8228.24 | -18390.15 | 1488.80 | -8053.30 |
Levered Free Cash Flow | 561,159 | -260,165 | 8,768,652 | -4,516,870 | 278,202 | -3,123,906 |
Unlevered Free Cash Flow | 701,360 | -7,587 | 8,990,461 | -4,231,574 | 429,707 | -2,986,998 |
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 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 216,007 | 411,061 | 358,669 | 462,502 | 201,775 | 218,753 |
Cash Income Tax Paid | 214,248 | 179,581 | 175,224 | 114,062 | 167,558 | 41,670 |
Change in Working Capital | 1,168,064 | 8,006,583 | -2,730,344 | -4,965,753 | 223,709 | -1,910,138 |