Thien Long Group 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	446,475	461,668	358,941	401,371	276,707
Depreciation & Amortization	89,268	95,214	89,903	82,486	83,919
Other Amortization	3,703	-	-	-	-
Loss (Gain) From Sale of Assets	-42,202	-3,414	-1,564	684.51	-23,868
Loss (Gain) on Equity Investments	-2,197	-	-	-	-
Other Operating Activities	-98,599	-44,549	-47,139	-86,808	-30,930
Change in Accounts Receivable	-198,721	-260,912	-96,587	-26,903	24,949
Change in Inventory	-34,163	21,462	75,331	-226,516	-142,287
Change in Accounts Payable	58,053	95,880	-139,129	143,144	17,703
Change in Other Net Operating Assets	-1,818	-6,229	9,348	1,715	14,994
Operating Cash Flow	219,799	359,121	249,104	289,174	221,188
Operating Cash Flow Growth	-38.80%	44.16%	-13.86%	30.74%	-39.99%
Capital Expenditures	-125,113	-83,203	-106,968	-169,604	-58,046
Sale of Property, Plant & Equipment	81,231	4,702	2,620	1,737	2,167
Cash Acquisitions	-143,189	-300	-	-	-
Investment in Securities	-37,829	86,442	-111,672	-144,671	125,001
Other Investing Activities	33,100	28,419	25,087	21,503	30,218
Investing Cash Flow	-191,799	36,060	-190,933	-291,035	99,339
Long-Term Debt Issued	1,265,293	1,193,733	983,225	780,517	583,271
Long-Term Debt Repaid	-1,312,641	-984,575	-946,082	-718,981	-577,366
Net Debt Issued (Repaid)	-47,347	209,158	37,142	61,537	5,905
Issuance of Common Stock	13,000	-	8,000	-	-
Common Dividends Paid	-217,434	-157,200	-272,281	-155,619	-194,456
Other Financing Activities	-	-	1,800	1,656	-
Financing Cash Flow	-251,781	51,958	-225,338	-92,426	-188,551
Foreign Exchange Rate Adjustments	10,736	9,703	5,032	-3,771	-230.69
Net Cash Flow	-213,046	456,842	-162,135	-98,058	131,745
Free Cash Flow	94,686	275,918	142,136	119,571	163,141
Free Cash Flow Growth	-65.68%	94.12%	18.87%	-26.71%	-42.45%
Free Cash Flow Margin	2.27%	7.34%	4.11%	3.40%	6.11%
Free Cash Flow Per Share	990.30	2901.40	1508.02	1270.25	1733.13
Cash Interest Paid	21,825	12,731	17,891	8,805	6,928
Cash Income Tax Paid	120,726	108,243	81,225	123,739	62,700
Levered Free Cash Flow	114,071	194,994	-1,604	187,924	124,335
Unlevered Free Cash Flow	127,746	203,442	9,553	193,475	128,723
Change in Working Capital	-176,649	-149,798	-151,037	-108,559	-84,641

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