Thuan Duc JSC 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 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	98,878	93,918	42,344	86,819	72,708
Depreciation & Amortization	59,680	63,020	62,352	54,151	44,920
Other Amortization	-	706.23	-	121.15	-
Loss (Gain) From Sale of Assets	-77,303	-41,668	-46,848	-19,634	-7,354
Provision & Write-off of Bad Debts	-	147.37	-	-	-
Other Operating Activities	9,575	10,403	1,891	12,247	6,554
Change in Accounts Receivable	92,675	-94,487	63,924	-195,013	76,256
Change in Inventory	52,341	163,842	-386,582	-14,366	-115,268
Change in Accounts Payable	-55,984	-22,919	164,516	88,352	-19,015
Change in Other Net Operating Assets	767.52	-82.83	4,067	-2,141	-3,758
Operating Cash Flow	180,630	172,879	-94,336	10,536	55,043
Operating Cash Flow Growth	4.48%	-	-	-80.86%	-
Capital Expenditures	-30,414	-23,056	-28,762	-135,725	-70,439
Sale of Property, Plant & Equipment	-	8,838	11,005	1,455	13,173
Investment in Securities	10,848	-30,000	-54,500	-360,000	-
Other Investing Activities	56,236	41,945	61,743	19,796	5,579
Investing Cash Flow	-92,657	-1,422	-135,378	-618,850	-125,268
Long-Term Debt Issued	4,512,194	4,407,740	4,192,691	2,556,749	1,145,697
Long-Term Debt Repaid	-4,166,996	-4,283,650	-4,056,179	-1,885,183	-1,033,913
Net Debt Issued (Repaid)	345,199	124,090	136,512	671,567	111,785
Issuance of Common Stock	-	69,915	-	-	-
Financing Cash Flow	345,199	194,004	136,512	671,567	111,785
Foreign Exchange Rate Adjustments	15.08	44.59	0.19	244.82	100.61
Net Cash Flow	433,186	365,506	-93,202	63,497	41,660
Free Cash Flow	150,215	149,823	-123,099	-125,190	-15,396
Free Cash Flow Growth	0.26%	-	-	-	-
Free Cash Flow Margin	3.16%	3.42%	-3.22%	-5.13%	-1.12%
Free Cash Flow Per Share	1702.69	1733.47	-1473.39	-1506.83	-185.31
Cash Interest Paid	186,024	181,958	214,740	101,670	80,760
Cash Income Tax Paid	36,218	26,757	28,930	18,460	14,663
Levered Free Cash Flow	206,512	103,005	-	-221,032	62,314
Unlevered Free Cash Flow	324,846	217,590	-	-152,462	113,844
Change in Working Capital	89,799	46,354	-154,075	-123,167	-61,785

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.