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 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	98,878	93,918	42,344	96,181	86,819
Depreciation & Amortization	59,680	63,020	62,352	62,190	54,151
Other Amortization	-	706.23	-	455.65	121.15
Loss (Gain) From Sale of Assets	-77,303	-41,668	-46,848	-76,100	-19,634
Provision & Write-off of Bad Debts	-	147.37	-	-	-
Other Operating Activities	9,575	10,403	1,891	2,231	12,247
Change in Accounts Receivable	92,675	-94,487	63,924	-85,279	-195,013
Change in Inventory	52,341	163,842	-386,582	-52,774	-14,366
Change in Accounts Payable	-55,984	-22,919	164,516	221.65	88,352
Change in Other Net Operating Assets	767.52	-82.83	4,067	1,609	-2,141
Operating Cash Flow	180,630	172,879	-94,336	-51,263	10,536
Operating Cash Flow Growth	4.48%	-	-	-	-80.86%
Capital Expenditures	-30,414	-23,056	-28,762	-154,951	-135,725
Sale of Property, Plant & Equipment	-	8,838	11,005	1,050	1,455
Investment in Securities	10,848	-30,000	-54,500	7,808	-360,000
Other Investing Activities	56,236	41,945	61,743	28,873	19,796
Investing Cash Flow	-92,657	-1,422	-135,378	-234,852	-618,850
Long-Term Debt Issued	4,512,194	4,407,740	4,192,691	3,175,773	2,556,749
Long-Term Debt Repaid	-4,166,996	-4,283,650	-4,056,179	-2,668,241	-1,885,183
Net Debt Issued (Repaid)	345,199	124,090	136,512	507,533	671,567
Issuance of Common Stock	-	69,915	-	-	-
Financing Cash Flow	345,199	194,004	136,512	507,533	671,567
Foreign Exchange Rate Adjustments	15.08	44.59	0.19	137.05	244.82
Net Cash Flow	433,186	365,506	-93,202	221,555	63,497
Free Cash Flow	150,215	149,823	-123,099	-206,214	-125,190
Free Cash Flow Growth	0.26%	-	-	-	-
Free Cash Flow Margin	3.16%	3.42%	-3.22%	-6.42%	-5.13%
Free Cash Flow Per Share	1702.69	1733.47	-1473.39	-2482.08	-1506.83
Cash Interest Paid	186,024	181,958	214,740	155,659	101,670
Cash Income Tax Paid	36,218	26,757	28,930	24,125	18,460
Levered Free Cash Flow	206,512	103,005	-115,359	-287,450	-221,032
Unlevered Free Cash Flow	324,846	217,590	20,706	-191,195	-152,462
Change in Working Capital	89,799	46,354	-154,075	-136,221	-123,167

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