HOSE:RAL Cash Flow Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	361,133	593,087	584,272	485,827	398,242
Depreciation & Amortization	106,860	98,271	95,096	97,349	97,006
Other Amortization	-	612.06	-	-	-
Loss (Gain) From Sale of Assets	-1,121	-1,456	-6,657	-10,897	-1,949
Other Operating Activities	-28,348	-47,959	-51,286	-162,002	62,513
Change in Accounts Receivable	1,216,178	784,619	-703,825	-1,209,644	-1,322,478
Change in Inventory	-459,376	-505,255	-305,351	-268,911	-36,237
Change in Accounts Payable	-	-375,604	-200,014	139,240	565,430
Change in Other Net Operating Assets	156,962	-706.11	-1,442	-1,527	-852.74
Operating Cash Flow	1,352,288	545,608	-589,207	-930,565	-238,326
Operating Cash Flow Growth	147.85%	-	-	-	-
Capital Expenditures	-347,939	-141,284	-105,750	-113,172	-216,020
Sale of Property, Plant & Equipment	579.66	340.2	53.86	64.76	52.58
Other Investing Activities	1,121	1,141	6,765	12,599	1,896
Investing Cash Flow	-346,238	-139,803	-98,931	-100,509	-214,071
Long-Term Debt Issued	4,040,363	4,561,289	4,198,562	4,057,019	3,351,330
Long-Term Debt Repaid	-4,650,398	-4,114,699	-3,393,428	-4,046,152	-2,904,307
Net Debt Issued (Repaid)	-610,035	446,590	805,134	10,868	447,023
Issuance of Common Stock	-	-	6,000	1,011,261	5,750
Common Dividends Paid	-117,737	-82,487	-116,237	-144,925	-30,188
Financing Cash Flow	-727,772	364,104	694,897	877,204	422,586
Foreign Exchange Rate Adjustments	-	614.52	-297.03	-276.96	583.1
Net Cash Flow	278,278	770,523	6,463	-154,147	-29,228
Free Cash Flow	1,004,350	404,324	-694,957	-1,043,737	-454,346
Free Cash Flow Growth	148.40%	-	-	-	-
Free Cash Flow Margin	15.79%	4.84%	-8.36%	-15.11%	-7.96%
Free Cash Flow Per Share	42651.03	17170.62	-29883.34	-54920.04	-38070.24
Cash Interest Paid	-	75,659	107,172	68,294	52,856
Cash Income Tax Paid	-	37,557	72,151	114,047	103,846
Levered Free Cash Flow	1,038,720	379,258	-767,797	-1,023,307	-455,015
Unlevered Free Cash Flow	1,104,229	431,541	-700,412	-980,569	-421,960
Change in Working Capital	913,764	-96,947	-1,210,632	-1,340,842	-794,138

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