HOSE:TAL 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
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
Net Income	774,649	642,757	664,816	456,789	357,018
Depreciation & Amortization	64,866	64,051	59,614	36,651	29,313
Other Amortization	69.91	69.91	-	-	-
Loss (Gain) From Sale of Assets	-51,159	-40,245	-922,124	-78,443	-66,521
Other Operating Activities	-75,879	-139,294	-1,748	-47,770	-10,936
Change in Accounts Receivable	-2,575,017	-2,072,839	89,461	-436,521	104,951
Change in Inventory	-3,646,739	-2,847,155	-497,154	-1,287,807	-202,676
Change in Accounts Payable	4,076,437	2,827,769	-1,210,854	67,918	-451,938
Change in Other Net Operating Assets	-122,605	-89,268	22,984	-36,247	36,140
Operating Cash Flow	-1,555,377	-1,654,156	-1,795,005	-1,311,562	-218,520
Capital Expenditures	-120,018	-58,860	-790,972	-610,745	-153,773
Sale of Property, Plant & Equipment	274.64	304.64	91.86	-	792.95
Investment in Securities	123,407	146,408	2,200,250	-264,240	32,001
Other Investing Activities	161,600	153,599	99,671	26,187	20,953
Investing Cash Flow	-26,831	46,959	2,153,375	-904,075	-347,620
Long-Term Debt Issued	-	4,568,963	2,018,702	4,167,897	1,661,852
Long-Term Debt Repaid	-	-3,742,632	-1,736,426	-2,067,849	-1,657,019
Net Debt Issued (Repaid)	999,780	826,332	282,276	2,100,048	4,833
Issuance of Common Stock	1,940,807	2,088,774	642.59	11,502	759,428
Repurchase of Common Stock	-	-	-14,148	-	-
Common Dividends Paid	-490,562	-506,119	-456,463	-73,073	-3,275
Financing Cash Flow	2,450,026	2,408,987	-187,692	2,038,476	760,985
Net Cash Flow	867,818	801,790	170,678	-177,160	194,845
Free Cash Flow	-1,675,395	-1,713,016	-2,585,977	-1,922,306	-372,293
Free Cash Flow Margin	-41.40%	-45.92%	-153.52%	-59.37%	-13.16%
Free Cash Flow Per Share	-4970.05	-5308.01	-8707.00	-6472.41	-
Cash Interest Paid	319,215	319,215	313,816	123,341	111,887
Cash Income Tax Paid	194,688	194,688	80,002	173,439	44,415
Levered Free Cash Flow	-1,838,470	-2,477,185	-2,059,941	-	-
Unlevered Free Cash Flow	-1,736,486	-2,375,201	-1,951,463	-	-
Change in Working Capital	-2,267,923	-2,181,494	-1,595,563	-1,678,787	-527,394

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