HOSE:SZC 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	345,111	302,127	218,873	197,367	323,629
Depreciation & Amortization	326,382	313,313	337,648	454,141	231,423
Gain (Loss) on Sale of Assets	-	-40,084	-16,612	-15,195	-13,017
Change in Accounts Receivable	-	-84,536	-33,499	362.73	-25,815
Change in Accounts Payable	-	369,470	434,982	1,411,855	182,815
Change in Other Net Operating Assets	-	-32,355	-73,083	-49,494	8,187
Other Operating Activities	-438,474	-48,628	29,073	-24,484	6.74
Operating Cash Flow	233,020	657,408	619,369	637,999	703,597
Operating Cash Flow Growth	-64.55%	6.14%	-2.92%	-9.32%	15.11%
Acquisition of Real Estate Assets	-825,236	-648,667	-717,869	-906,544	-1,098,862
Sale of Real Estate Assets	-	107.27	1,695	-	-
Net Sale / Acq. of Real Estate Assets	-825,236	-648,560	-716,174	-906,544	-1,098,862
Investment in Marketable & Equity Securities	-3,750	-	-	-	20,000
Other Investing Activities	40,161	31,891	16,817	15,850	11,195
Investing Cash Flow	-488,824	-919,113	-689,357	-870,694	-1,067,667
Long-Term Debt Issued	898,220	331,604	521,324	914,106	1,104,346
Long-Term Debt Repaid	-754,138	-667,696	-488,947	-478,787	-558,474
Net Debt Issued (Repaid)	144,082	-336,092	32,377	435,319	545,872
Issuance of Common Stock	-	1,199,718	-	-	-
Common Dividends Paid	-176,411	-119,079	-5,638	-136,410	-71,558
Foreign Exchange Rate Adjustments	32.31	36.55	31.52	38.61	-17.68
Net Cash Flow	-288,101	482,878	-43,217	66,253	110,227
Cash Interest Paid	26,875	33,916	44,126	36,094	7,199
Cash Income Tax Paid	117,144	96,702	16,224	54,306	63,336
Levered Free Cash Flow	-407,786	-596,461	-457,655	-1,450,558	-619,048
Unlevered Free Cash Flow	-391,035	-576,347	-429,000	-1,430,432	-614,549
Change in Working Capital	-	130,679	50,386	26,170	161,555

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