Thuan Duc JSC Cash Flow Statement

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2019	FY 2018
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Net Income	86,034	93,918	42,344	61,526	36,088
Depreciation & Amortization	60,481	63,020	62,352	30,150	20,333
Other Amortization	706.23	706.23	-	-	-
Loss (Gain) From Sale of Assets	-49,034	-41,668	-46,848	975.81	-
Provision & Write-off of Bad Debts	147.37	147.37	-	-	-
Other Operating Activities	-4,759	10,403	1,891	40,172	8,743
Change in Accounts Receivable	189,386	-94,487	63,924	-168,709	-23,415
Change in Inventory	131,418	163,842	-386,582	-147,443	-162,052
Change in Accounts Payable	-122,141	-22,919	164,516	-26,947	-16,426
Change in Other Net Operating Assets	-1,917	-82.83	4,067	-6,683	-154.86
Operating Cash Flow	290,322	172,879	-94,336	-216,958	-136,885
Capital Expenditures	-33,954	-23,056	-28,762	-56,915	-60,437
Sale of Property, Plant & Equipment	8,838	8,838	11,005	-	-
Investment in Securities	5,198	-30,000	-54,500	-113,495	-33,500
Other Investing Activities	43,641	41,945	61,743	1,680	46.96
Investing Cash Flow	-184,629	-1,422	-135,378	-173,518	-94,610
Long-Term Debt Issued	-	4,407,740	4,192,691	1,099,287	704,497
Long-Term Debt Repaid	-	-4,283,650	-4,056,179	-893,357	-498,554
Net Debt Issued (Repaid)	184,283	124,090	136,512	205,929	205,943
Issuance of Common Stock	-	69,915	-	200,000	-
Financing Cash Flow	184,283	194,004	136,512	405,929	205,943
Foreign Exchange Rate Adjustments	25.42	44.59	0.19	55.7	238.53
Net Cash Flow	290,002	365,506	-93,202	15,509	-25,314
Free Cash Flow	256,368	149,823	-123,099	-273,873	-197,322
Free Cash Flow Margin	5.74%	3.42%	-3.22%	-22.88%	-26.44%
Free Cash Flow Per Share	2966.21	1733.47	-1473.39	-5266.89	-4561.62
Cash Interest Paid	184,054	181,958	214,740	48,001	26,366
Cash Income Tax Paid	36,177	26,757	28,930	-21,111	281.17
Levered Free Cash Flow	243,864	103,005	-	-421,984	-
Unlevered Free Cash Flow	358,263	217,590	-	-390,924	-
Change in Working Capital	196,745	46,354	-154,075	-349,782	-202,048

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.