Pha Lai Thermal Power JSC Cash Flow Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	208,583	165,179	427,066	380,102	487,451	216,188
Depreciation & Amortization	44,894	45,805	57,802	61,057	61,538	58,477
Other Amortization	449.96	359.6	-	-	-	292.96
Loss (Gain) on Sale of Assets	-456.16	-456.16	-	-	-	-452,792
Change in Accounts Receivable	358,826	407,485	98,489	-90,653	-1,395,008	851,541
Change in Inventory	-28,610	-34,678	33,045	-193,720	19,459	222,097
Change in Accounts Payable	-246,136	-63,626	253,359	76,229	39,862	-64,106
Change in Other Net Operating Assets	17,159	17,701	-11,556	-11,389	4,100	-15,555
Other Operating Activities	-182,113	-70,781	-365,073	-524,687	-294,958	-285,521
Operating Cash Flow	172,596	466,988	493,133	-303,061	-1,077,557	530,622
Operating Cash Flow Growth	-78.75%	-5.30%	-	-	-	-41.29%
Capital Expenditures	-7,647	-6,668	-5,432	-12,169	-75,114	-15,991
Sale of Property, Plant & Equipment	456.16	456.16	-	-	-	416.17
Investment in Securities	-	-	100,000	-	-	1,075,000
Other Investing Activities	153,993	173,470	303,072	356,983	305,680	493,172
Investing Cash Flow	91,801	127,259	397,640	522,981	755,566	1,552,598
Common Dividends Paid	-160,212	-224,297	-888,793	-256,775	-144,214	-1,830,073
Financing Cash Flow	-160,212	-224,297	-888,793	-256,775	-144,214	-1,830,073
Net Cash Flow	104,185	369,949	1,980	-36,855	-466,205	253,146
Free Cash Flow	164,949	460,320	487,701	-315,230	-1,152,671	514,631
Free Cash Flow Growth	-79.44%	-5.61%	-	-	-	-39.72%
Free Cash Flow Margin	2.42%	7.01%	6.35%	-5.42%	-21.89%	13.30%
Free Cash Flow Per Share	514.48	1435.75	1521.15	-983.21	-3595.21	1605.15
Cash Interest Paid	-	-	480.12	419.92	-	-
Cash Income Tax Paid	25,990	-	-	5,245	-	97,730
Levered Free Cash Flow	235,108	554,041	449,912	-65,984	-1,078,015	810,600
Unlevered Free Cash Flow	235,108	554,041	450,212	-65,722	-1,076,376	810,600
Change in Working Capital	101,238	326,881	373,338	-219,533	-1,331,588	993,977

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