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 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	Dec '21 Dec 31, 2021
Net Income	322,667	298,289	295,931	275,281	321,032	265,133
Depreciation & Amortization	104,967	105,230	117,990	156,052	156,367	156,425
Loss (Gain) on Sale of Assets	-322.86	-1,027	-453.96	-	-	-
Change in Accounts Receivable	-35,324	31,498	-683.57	-119,616	9,991	-22,031
Change in Inventory	-1,265	-1,058	990.53	194.3	373.16	-2,337
Change in Accounts Payable	-3,418	8,973	2,305	-4,506	-19,318	26,811
Change in Other Net Operating Assets	530.71	1,425	-7,171	-2,760	323.22	669.31
Other Operating Activities	-12,363	-13,927	-5,524	-22,776	8,478	-3,392
Operating Cash Flow	375,505	429,402	403,384	281,869	477,246	421,279
Operating Cash Flow Growth	-13.35%	6.45%	43.11%	-40.94%	13.29%	77.25%
Capital Expenditures	-3,489	-1,940	-43.25	-1,936	-2,411	-956.79
Sale of Property, Plant & Equipment	-	-	-	76.36	-	-
Investment in Securities	16,770	16,770	-22,014	30,000	-	-
Other Investing Activities	1,225	866.09	319.12	998.58	-	-
Investing Cash Flow	9,507	15,697	-21,738	29,139	-32,411	-956.79
Long-Term Debt Issued	-	-	15,273	-	-	64,579
Long-Term Debt Repaid	-	-29,000	-105,273	-1,200,000	-178,471	-251,458
Net Debt Issued (Repaid)	-21,000	-29,000	-90,000	-1,200,000	-178,471	-186,879
Common Dividends Paid	-201,640	-251,610	-301,571	-351,251	-199,869	-94,944
Other Financing Activities	-	-	-	1,080,000	-	-
Financing Cash Flow	-222,640	-280,610	-391,571	-471,251	-378,340	-281,823
Net Cash Flow	162,372	164,489	-9,924	-160,242	66,495	138,499
Free Cash Flow	372,016	427,463	403,341	279,934	474,835	420,322
Free Cash Flow Growth	-14.15%	5.98%	44.09%	-41.05%	12.97%	77.93%
Free Cash Flow Margin	54.82%	66.00%	64.24%	42.34%	63.64%	63.90%
Free Cash Flow Per Share	3675.82	4223.67	3985.34	2765.97	4691.75	4153.12
Cash Interest Paid	153.79	696.77	7,385	19,490	26,599	42,474
Cash Income Tax Paid	48,223	47,020	27,539	43,513	28,658	13,032
Levered Free Cash Flow	304,835	364,462	333,232	210,576	397,035	283,500
Unlevered Free Cash Flow	304,909	364,866	337,708	222,522	413,580	309,708
Change in Working Capital	-39,477	40,838	-4,559	-126,688	-8,631	3,113

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