SEAREFICO 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	Dec '21 Dec 31, 2021
Net Income	17,633	1,746	2,987	-141,294	29,465
Depreciation & Amortization	19,004	18,975	17,617	16,875	16,866
Other Amortization	-	98.06	-	-	-
Loss (Gain) From Sale of Assets	-184,720	-5,684	-13,732	-102,786	-26,174
Other Operating Activities	121,197	-2,585	1,086	77,418	-21,496
Change in Accounts Receivable	-26,057	48,095	-73,352	4,227	97,137
Change in Inventory	-114,403	-83,262	29,412	56,199	-50,305
Change in Accounts Payable	-3,270	-96,306	-7,680	207,646	-38,163
Change in Other Net Operating Assets	-13,562	-1,345	3,698	-1,087	2,004
Operating Cash Flow	-184,177	-120,267	-39,964	117,198	9,333
Operating Cash Flow Growth	-	-	-	1155.68%	46.28%
Capital Expenditures	-73,454	-16,719	-43,361	-6,984	-16,910
Sale of Property, Plant & Equipment	-	24	-	191.85	1,185
Investment in Securities	69,182	-1,300	-	247,985	-
Other Investing Activities	3,738	5,365	15,394	15,118	87,279
Investing Cash Flow	33,793	12,184	22,025	248,678	71,553
Long-Term Debt Issued	1,019,114	1,010,634	1,365,116	851,627	1,503,870
Total Debt Issued	1,019,114	1,010,634	1,365,116	851,627	1,503,870
Long-Term Debt Repaid	-901,692	-1,074,589	-1,332,040	-1,039,212	-1,597,618
Net Debt Issued (Repaid)	117,422	-63,954	33,076	-187,585	-93,748
Issuance of Common Stock	38,452	2,735	-	-	-
Common Dividends Paid	-381.73	-1,323	-	-	-526.61
Other Financing Activities	-	-	-	-	10,769
Financing Cash Flow	155,492	-62,542	33,076	-187,585	-83,505
Foreign Exchange Rate Adjustments	3.95	-0.13	12.85	3.16	17.52
Net Cash Flow	5,112	-170,626	15,150	178,294	-2,601
Free Cash Flow	-257,631	-136,986	-83,324	110,213	-7,577
Free Cash Flow Margin	-20.95%	-12.65%	-5.07%	9.30%	-0.81%
Free Cash Flow Per Share	-7625.20	-4054.43	-2466.18	3262.03	-239.15
Cash Interest Paid	23,279	32,046	41,870	39,243	36,235
Cash Income Tax Paid	6,518	3,109	14,649	8,310	9,132
Levered Free Cash Flow	-159,815	-142,039	-83,025	225,217	-11,742
Unlevered Free Cash Flow	-136,772	-122,750	-56,204	249,008	11,064
Change in Working Capital	-157,292	-132,817	-47,922	266,985	10,674

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