HOSE:TSC Cash Flow Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-30,410	-20,394	1,030	-19,649	-41,734	114,836
Depreciation & Amortization	100,018	94,501	82,308	86,842	90,051	53,509
Loss (Gain) From Sale of Assets	-15,909	-5,398	2,583	1,823	-4,134	-115,807
Other Operating Activities	5,643	17,446	26,619	5,528	18,237	16,760
Change in Accounts Receivable	458,896	563,194	-67,167	-127,717	-698,475	-224,209
Change in Inventory	-23,140	-34,998	-1,552	10,739	-12,356	15,119
Change in Accounts Payable	196,891	63,175	133,857	-50,094	-20,469	35,751
Change in Other Net Operating Assets	-1,922	-2,262	-7,899	2,015	-13,667	-2,378
Operating Cash Flow	690,067	675,265	169,780	-90,514	-517,492	-175,798
Operating Cash Flow Growth	420.90%	297.73%	-	-	-	-
Capital Expenditures	-126,026	-175,950	-293,708	-44,022	-20,824	-4,819
Sale of Property, Plant & Equipment	44.48	714.48	603.27	711.82	2,278	3,179
Investment in Securities	-547,947	-595,000	-55,200	-	80,693	84,317
Other Investing Activities	7,649	3,173	13,140	132,638	1,276	443.34
Investing Cash Flow	-1,253,450	-1,192,871	-47,239	-209,936	101,303	94,215
Long-Term Debt Issued	-	886,690	507,574	636,593	358,312	305,951
Total Debt Issued	1,615,088	886,690	507,574	636,593	358,312	305,951
Long-Term Debt Repaid	-	-400,186	-618,029	-334,983	-431,756	-226,537
Total Debt Repaid	-1,003,708	-400,186	-618,029	-334,983	-431,756	-226,537
Net Debt Issued (Repaid)	611,380	486,504	-110,456	301,609	-73,444	79,414
Issuance of Common Stock	42,947	42,947	-	-	491,765	5,014
Other Financing Activities	-47,053	-	-	-	-5,238	-
Financing Cash Flow	607,274	529,451	-110,456	301,609	413,083	84,428
Foreign Exchange Rate Adjustments	21.91	-29.1	24.55	-6.75	-4.01	-27.89
Net Cash Flow	43,913	11,815	12,109	1,153	-3,110	2,817
Free Cash Flow	564,041	499,315	-123,928	-134,536	-538,316	-180,618
Free Cash Flow Margin	78.28%	66.81%	-19.75%	-28.33%	-59.97%	-34.90%
Free Cash Flow Per Share	2865.20	2536.41	-629.53	-683.41	-3001.79	-1223.30
Cash Interest Paid	32,631	19,101	7,792	11,488	8,502	1,903
Cash Income Tax Paid	19,098	19,165	16,752	7,130	9,513	5,948
Levered Free Cash Flow	70,166	391,015	-177,759	-57,644	-622,325	-477,243
Unlevered Free Cash Flow	90,630	403,188	-173,004	-50,273	-618,117	-474,928
Change in Working Capital	630,726	589,109	57,239	-165,057	-579,912	-245,097

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