Southern Hydropower JSC Cash Flow Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	338,859	295,931	275,281	321,032	265,133	63,418
Depreciation & Amortization	106,217	117,964	156,052	156,367	156,425	173,262
Other Amortization	26.09	26.09	-	-	-	-
Loss (Gain) on Sale of Assets	-958.09	-453.96	-	-	-	-
Change in Accounts Receivable	-3,287	-683.57	-119,616	9,991	-22,031	7,106
Change in Inventory	-144.4	990.53	194.3	373.16	-2,337	991.81
Change in Accounts Payable	122,598	2,305	-4,506	-19,318	26,811	1,888
Change in Other Net Operating Assets	4,899	-7,171	-2,760	323.22	669.31	565.45
Other Operating Activities	-10,813	-5,524	-22,776	8,478	-3,392	-9,552
Operating Cash Flow	557,397	403,384	281,869	477,246	421,279	237,679
Operating Cash Flow Growth	32.33%	43.11%	-40.94%	13.29%	77.25%	-38.66%
Capital Expenditures	-1,211	-43.25	-1,936	-2,411	-956.79	-1,455
Sale of Property, Plant & Equipment	-	-	76.36	-	-	-
Other Investing Activities	-	319.12	998.58	-	-	-
Investing Cash Flow	-23,224	-21,738	29,139	-32,411	-956.79	-1,455
Long-Term Debt Issued	-	15,273	-	-	64,579	37,147
Long-Term Debt Repaid	-	-105,273	-1,200,000	-178,471	-251,458	-212,156
Net Debt Issued (Repaid)	-74,273	-90,000	-1,200,000	-178,471	-186,879	-175,009
Common Dividends Paid	-476,771	-301,571	-351,251	-199,869	-94,944	-139,704
Other Financing Activities	-	-	1,080,000	-	-	-
Financing Cash Flow	-551,044	-391,571	-471,251	-378,340	-281,823	-314,714
Net Cash Flow	-16,872	-9,924	-160,242	66,495	138,499	-78,490
Free Cash Flow	556,186	403,341	279,934	474,835	420,322	236,224
Free Cash Flow Growth	32.39%	44.09%	-41.05%	12.97%	77.93%	-38.70%
Free Cash Flow Margin	81.74%	64.24%	42.34%	63.64%	63.90%	55.02%
Free Cash Flow Per Share	5531.15	3985.34	2765.97	4691.75	4153.12	2334.07
Cash Interest Paid	1,929	7,385	19,490	26,599	42,474	57,698
Cash Income Tax Paid	41,931	27,539	43,513	28,658	13,032	4,403
Levered Free Cash Flow	253,134	333,232	210,576	397,035	283,500	267,519
Unlevered Free Cash Flow	254,263	337,708	222,522	413,580	309,708	303,339
Change in Working Capital	124,066	-4,559	-126,688	-8,631	3,113	10,551

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