SPM Corporation 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	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-1,697	4,618	12,117	24,623	20,183
Depreciation & Amortization	21,931	16,698	11,962	9,856	8,320
Other Amortization	104.38	-	-	-	-
Loss (Gain) From Sale of Assets	2.81	-409.09	-	-257.43	231.33
Other Operating Activities	21,881	7,959	-6,295	820.61	13.37
Change in Accounts Receivable	30,219	22,068	10,281	29,352	-15,362
Change in Inventory	-10,761	5,412	9,869	-5,897	4,736
Change in Accounts Payable	185.62	3,289	3,073	-12,317	-3,527
Change in Other Net Operating Assets	136.55	-1,165	2,795	-946.08	-1,120
Operating Cash Flow	62,003	58,469	43,801	45,234	13,476
Operating Cash Flow Growth	6.04%	33.49%	-3.17%	235.68%	-50.76%
Capital Expenditures	-12,098	-5,457	-15,718	-17,463	-9,194
Sale of Property, Plant & Equipment	136.36	409.09	-	302.58	-
Investment in Securities	-	2,000	744.96	6,750	-
Investing Cash Flow	-11,962	-3,048	-14,973	-10,411	-9,194
Short-Term Debt Issued	157,012	236,150	390,201	653,876	668,950
Total Debt Issued	157,012	236,150	390,201	653,876	668,950
Short-Term Debt Repaid	-227,516	-254,830	-438,979	-655,257	-673,017
Long-Term Debt Repaid	-	-6,849	-	-	-
Total Debt Repaid	-227,516	-261,679	-438,979	-655,257	-673,017
Net Debt Issued (Repaid)	-70,505	-25,528	-48,777	-1,381	-4,067
Common Dividends Paid	-6,906	-	-	-13,770	-
Financing Cash Flow	-77,411	-25,528	-48,777	-15,151	-4,067
Foreign Exchange Rate Adjustments	4.5	-0.01	-0.04	-	-
Net Cash Flow	-27,366	29,893	-19,949	19,672	214.57
Free Cash Flow	49,904	53,012	28,083	27,771	4,282
Free Cash Flow Growth	-5.86%	88.77%	1.12%	548.60%	-
Free Cash Flow Margin	19.65%	17.80%	6.92%	3.97%	0.60%
Free Cash Flow Per Share	3624.13	3849.80	2039.44	2016.62	311.00
Cash Interest Paid	6,086	7,379	-	11,411	11,452
Cash Income Tax Paid	1,193	2,488	10,763	5,971	4,173
Levered Free Cash Flow	52,598	52,020	14,111	-12,108	993.35
Unlevered Free Cash Flow	56,376	56,674	21,462	-4,976	8,151
Change in Working Capital	19,780	29,603	26,018	10,192	-15,272

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.