VNSTEEL-VICASA JSC Cash Flow Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2018	FY 2017	FY 2016
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Net Income	970.19	1,037	7,291	32,097	64,569	30,465
Depreciation & Amortization	7,059	10,921	14,476	23,097	23,434	20,446
Loss (Gain) From Sale of Assets	-	-	-	-147.32	-2,622	-1,563
Loss (Gain) From Sale of Investments	-172.89	-150.93	-115.32	-	-	-
Other Operating Activities	-9,370	-6,394	4,217	-5,972	-3,450	-6,378
Change in Accounts Receivable	74,396	-14,979	42,157	-14,278	-71,786	-44,854
Change in Inventory	-4,980	-26,555	27,516	-222,224	-15,926	43,723
Change in Accounts Payable	-56,686	31,248	2,858	-23,996	54,570	17,493
Change in Other Net Operating Assets	3,446	3,380	4,199	-6,615	1,269	-489.63
Operating Cash Flow	14,662	-1,492	102,598	-218,039	50,059	58,841
Operating Cash Flow Growth	-85.71%	-	-	-	-14.92%	209.92%
Capital Expenditures	-	-	-350	-14,832	-24,454	-17,625
Sale of Property, Plant & Equipment	-	-	131.04	-	2,155	283.27
Other Investing Activities	172.89	150.93	25.11	147.32	714.95	1,280
Investing Cash Flow	172.89	150.93	-193.85	-14,685	-21,584	-16,062
Short-Term Debt Issued	-	720,253	1,067,260	1,004,836	282,888	159,335
Total Debt Issued	454,907	720,253	1,067,260	1,004,836	282,888	159,335
Short-Term Debt Repaid	-	-709,105	-1,170,307	-777,046	-276,176	-204,008
Total Debt Repaid	-467,526	-709,105	-1,170,307	-777,046	-276,176	-204,008
Net Debt Issued (Repaid)	-12,619	11,148	-103,048	227,789	6,711	-44,673
Common Dividends Paid	-69.07	-141.96	-141.67	-45,205	-22,748	-22,519
Financing Cash Flow	-12,688	11,006	-103,189	182,584	-16,037	-67,193
Foreign Exchange Rate Adjustments	14.8	0.44	-0.06	115	0.01	0.21
Net Cash Flow	2,162	9,665	-785.26	-50,025	12,438	-24,413
Free Cash Flow	14,662	-1,492	102,248	-232,871	25,605	41,216
Free Cash Flow Growth	-85.66%	-	-	-	-37.88%	126.34%
Free Cash Flow Margin	1.15%	-0.11%	5.93%	-9.27%	1.35%	2.92%
Free Cash Flow Per Share	965.78	-97.86	6731.33	-15330.24	1685.77	2713.96
Cash Interest Paid	1,986	3,626	8,889	8,236	2,654	830.39
Cash Income Tax Paid	130	912.05	1,367	8,114	16,174	9,544
Levered Free Cash Flow	-	-3,911	-	-229,205	15,683	-
Unlevered Free Cash Flow	-	-1,650	-	-223,911	17,305	-
Change in Working Capital	16,177	-6,905	76,730	-267,114	-31,872	15,872

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.