HOSE:SZC 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	235,598	344,801	298,603	218,873	197,367	323,629
Depreciation & Amortization	335,867	335,867	313,313	337,648	454,141	231,423
Gain (Loss) on Sale of Assets	-23,313	-23,313	-40,084	-16,612	-15,195	-13,017
Change in Accounts Receivable	16,820	16,820	-84,536	-33,499	362.73	-25,815
Change in Accounts Payable	-199,053	-199,053	369,470	434,982	1,411,855	182,815
Change in Other Net Operating Assets	-74,213	-74,213	-32,355	-73,083	-49,494	8,187
Other Operating Activities	182,460	-15,374	-45,104	29,073	-24,484	6.74
Operating Cash Flow	324,598	235,966	657,408	619,369	637,999	703,597
Operating Cash Flow Growth	-53.04%	-64.11%	6.14%	-2.92%	-9.32%	15.11%
Acquisition of Real Estate Assets	-807,558	-825,236	-648,667	-717,869	-906,544	-1,098,862
Sale of Real Estate Assets	69.09	69.09	107.27	1,695	-	-
Net Sale / Acq. of Real Estate Assets	-807,489	-825,167	-648,560	-716,174	-906,544	-1,098,862
Investment in Marketable & Equity Securities	296,250	296,250	-	-	-	20,000
Other Investing Activities	31,386	40,144	31,891	16,817	15,850	11,195
Investing Cash Flow	-639,853	-488,773	-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)	539,043	144,082	-336,092	32,377	435,319	545,872
Issuance of Common Stock	10,000	-	1,199,718	-	-	-
Common Dividends Paid	-179,694	-179,386	-119,079	-5,638	-136,410	-71,558
Foreign Exchange Rate Adjustments	9.99	9.99	36.55	31.52	38.61	-17.68
Net Cash Flow	54,104	-288,101	482,878	-43,217	66,253	110,227
Cash Interest Paid	16,136	16,136	33,916	44,126	36,094	7,199
Cash Income Tax Paid	117,144	117,144	96,702	16,224	54,306	63,336
Levered Free Cash Flow	-423,053	-291,890	-554,724	-457,655	-1,450,558	-619,048
Unlevered Free Cash Flow	-406,978	-275,140	-534,610	-429,000	-1,430,432	-614,549
Change in Working Capital	-406,014	-406,014	130,679	50,386	26,170	161,555

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