HOSE:TCM 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	269,063	276,064	131,907	279,345	142,517
Depreciation & Amortization	117,583	119,708	128,730	125,756	118,972
Other Amortization	1,548	1,996	-	-	-
Loss (Gain) From Sale of Assets	-36,621	-38,555	-18,045	-31,839	-30,653
Other Operating Activities	-18,190	-2,185	-12,377	-14,082	-16,268
Change in Accounts Receivable	-55,305	-271,396	-52,576	32,541	-112,648
Change in Inventory	24,522	21,196	230,128	206,677	-459,151
Change in Accounts Payable	-67,306	283,075	3,292	-318,415	266,876
Change in Other Net Operating Assets	-305.96	1,708	2,892	-28,379	1,082
Operating Cash Flow	234,987	391,611	413,953	251,602	-89,272
Operating Cash Flow Growth	-40.00%	-5.40%	64.53%	-	-
Capital Expenditures	-225,965	-237,180	-41,951	-126,944	-116,913
Sale of Property, Plant & Equipment	1,330	81,562	1,158	3,162	300.08
Investment in Securities	9,075	-218,715	-167,584	-428,158	-27,759
Other Investing Activities	32,345	22,380	145,973	543,330	27,607
Investing Cash Flow	-25,439	-351,953	-62,406	-8,611	-116,765
Long-Term Debt Issued	2,368,164	2,111,921	2,225,876	3,362,229	2,959,455
Long-Term Debt Repaid	-2,274,523	-2,023,016	-2,506,782	-3,452,623	-2,739,527
Net Debt Issued (Repaid)	93,641	88,905	-280,906	-90,395	219,928
Common Dividends Paid	-51,543	-	-57,887	-372.51	-31,321
Other Financing Activities	-	-737.07	-	-	-
Financing Cash Flow	42,098	88,168	-338,793	-90,767	188,608
Foreign Exchange Rate Adjustments	-597.9	558.16	-82.73	-468.42	-24.71
Net Cash Flow	251,048	128,384	12,671	151,756	-17,453
Free Cash Flow	9,021	154,431	372,002	124,657	-206,185
Free Cash Flow Growth	-94.16%	-58.49%	198.42%	-	-
Free Cash Flow Margin	0.25%	4.05%	11.19%	2.87%	-5.83%
Free Cash Flow Per Share	80.52	1378.35	3320.24	1112.59	-1840.18
Cash Interest Paid	40,368	24,106	37,771	30,344	19,168
Cash Income Tax Paid	67,948	69,866	53,433	54,841	33,456
Levered Free Cash Flow	-4,041	114,511	407,685	105,692	-180,059
Unlevered Free Cash Flow	21,844	130,064	431,340	125,092	-168,043
Change in Working Capital	-98,396	34,583	183,737	-107,577	-303,840

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