Victory Capital 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024
Net Income	2,636	11,997	-48,168	2,485
Depreciation & Amortization	10,732	10,742	21,216	5,220
Other Amortization	130.29	98.88	-	-
Loss (Gain) From Sale of Assets	-8,138	-12,107	-3,029	-5,437
Other Operating Activities	-5,387	-1,032	19,900	62.39
Change in Accounts Receivable	43,744	42,811	-212,198	-667.74
Change in Inventory	-32,417	-51,933	-127,336	-
Change in Accounts Payable	-38,889	194,203	330,100	3,760
Change in Other Net Operating Assets	-1,324	-76.19	-2,455	367.33
Operating Cash Flow	-28,912	194,703	-21,971	5,790
Capital Expenditures	-1,526	-1,343	-32,959	-
Sale of Property, Plant & Equipment	1,077	1,077	29,776	239.95
Investment in Securities	7,513	-	-68,273	-
Other Investing Activities	992.69	1,213	2,956	4,836
Investing Cash Flow	1,661	-196,836	-13,732	-15,168
Short-Term Debt Issued	-	136,437	147,530	-
Total Debt Issued	177,018	136,437	147,530	-
Short-Term Debt Repaid	-	-112,629	-115,329	-
Total Debt Repaid	-144,203	-112,629	-115,329	-
Net Debt Issued (Repaid)	32,816	23,808	32,201	-
Common Dividends Paid	-	-	-	-12.5
Financing Cash Flow	32,816	23,808	32,201	-12.5
Net Cash Flow	5,565	21,675	-3,503	-9,390
Free Cash Flow	-30,438	193,360	-54,931	5,790
Free Cash Flow Margin	-5.93%	39.13%	-20.48%	28.81%
Free Cash Flow Per Share	-303.16	1933.60	-555.61	58.26
Cash Interest Paid	5,358	4,829	3,144	-
Cash Income Tax Paid	2,124	2,124	1,013	-
Levered Free Cash Flow	-37,387	-14,901	5,025	-
Unlevered Free Cash Flow	-31,742	-9,743	6,604	-
Change in Working Capital	-28,885	185,005	-11,890	3,460