HOSE:TLH 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	5,105	-585,937	3,956	5,435	442,097
Depreciation & Amortization	28,007	28,442	30,125	29,978	30,471
Loss (Gain) From Sale of Assets	-4,305	43,432	-39,257	-27,623	-36,694
Other Operating Activities	-90,557	121,540	-95,677	7,638	118,442
Change in Accounts Receivable	219,351	125,983	-383,360	7,371	-196,330
Change in Inventory	855,473	-266,733	610,678	-155,780	-1,234,873
Change in Accounts Payable	-317,415	-208,925	89,305	-61,219	538,865
Change in Other Net Operating Assets	2,248	-307.49	694.66	2,309	-4,089
Operating Cash Flow	699,353	-786,150	318,972	-189,980	-428,065
Capital Expenditures	-8,543	-29,210	-61,642	-2,300	-6,419
Sale of Property, Plant & Equipment	13.64	20,979	48,028	32,062	599.09
Investment in Securities	-	-	-	-	-65,115
Other Investing Activities	3,153	36,179	5,619	12,061	12,029
Investing Cash Flow	-11,146	30,241	-6,985	198,752	-58,906
Short-Term Debt Issued	3,885,540	6,168,895	4,512,990	5,544,651	4,281,353
Total Debt Issued	3,885,540	6,168,895	4,512,990	5,544,651	4,281,353
Short-Term Debt Repaid	-4,651,739	-5,576,966	-4,603,009	-5,489,656	-3,867,481
Long-Term Debt Repaid	-3,280	-4,009	-12,111	-12,202	-
Total Debt Repaid	-4,655,019	-5,580,975	-4,615,120	-5,501,858	-3,867,481
Net Debt Issued (Repaid)	-769,480	587,920	-102,130	42,793	413,872
Issuance of Common Stock	-	-	-	-	33,912
Common Dividends Paid	-	-	-53,617	-	-50,448
Financing Cash Flow	-769,480	587,920	-155,747	42,793	397,335
Foreign Exchange Rate Adjustments	9.89	-0.95	-17.53	1.69	8.3
Net Cash Flow	-81,263	-167,990	156,223	51,567	-89,627
Free Cash Flow	690,810	-815,361	257,330	-192,280	-434,484
Free Cash Flow Margin	12.98%	-12.93%	4.18%	-3.61%	-9.35%
Free Cash Flow Per Share	6150.37	-7259.26	2291.04	-1711.90	-3914.18
Cash Interest Paid	92,683	102,303	118,706	93,301	56,563
Cash Income Tax Paid	150.71	15,103	17,454	44,644	64,830
Levered Free Cash Flow	677,841	-560,406	224,442	-168,428	-468,454
Unlevered Free Cash Flow	734,852	-495,499	297,279	-107,717	-433,294
Change in Working Capital	761,102	-393,628	419,824	-205,408	-982,381

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