VNSTEEL-VICASA 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 2018	FY 2017
Period Ending	Dec '25 Dec 31, 2025	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017
Net Income	-22,256	1,037	7,291	32,097	64,569
Depreciation & Amortization	8,856	10,921	14,476	23,097	23,434
Loss (Gain) From Sale of Assets	-2,586	-150.93	-115.32	-147.32	-2,622
Other Operating Activities	4,809	-6,394	4,217	-5,972	-3,450
Change in Accounts Receivable	64,793	-14,979	42,157	-14,278	-71,786
Change in Inventory	124,063	-26,555	27,516	-222,224	-15,926
Change in Accounts Payable	-62,510	31,248	2,858	-23,996	54,570
Change in Other Net Operating Assets	5,396	3,380	4,199	-6,615	1,269
Operating Cash Flow	120,565	-1,492	102,598	-218,039	50,059
Operating Cash Flow Growth	-	-	-	-	-14.92%
Capital Expenditures	-	-	-350	-14,832	-24,454
Sale of Property, Plant & Equipment	2,400	-	131.04	-	2,155
Other Investing Activities	266.85	150.93	25.11	147.32	714.95
Investing Cash Flow	2,667	150.93	-193.85	-14,685	-21,584
Short-Term Debt Issued	329,016	720,253	1,067,260	1,004,836	282,888
Total Debt Issued	329,016	720,253	1,067,260	1,004,836	282,888
Short-Term Debt Repaid	-389,450	-709,105	-1,170,307	-777,046	-276,176
Total Debt Repaid	-389,450	-709,105	-1,170,307	-777,046	-276,176
Net Debt Issued (Repaid)	-60,434	11,148	-103,048	227,789	6,711
Common Dividends Paid	-156.66	-141.96	-141.67	-45,205	-22,748
Financing Cash Flow	-60,590	11,006	-103,189	182,584	-16,037
Foreign Exchange Rate Adjustments	0.6	0.44	-0.06	115	0.01
Net Cash Flow	62,642	9,665	-785.26	-50,025	12,438
Free Cash Flow	120,565	-1,492	102,248	-232,871	25,605
Free Cash Flow Growth	-	-	-	-	-37.88%
Free Cash Flow Margin	11.85%	-0.11%	5.93%	-9.27%	1.35%
Free Cash Flow Per Share	7938.52	-98.26	6732.45	-15330.24	1685.77
Cash Interest Paid	1,696	3,626	8,889	8,236	2,654
Cash Income Tax Paid	-	912.05	1,367	8,114	16,174
Levered Free Cash Flow	128,083	-3,911	-	-229,205	15,683
Unlevered Free Cash Flow	129,113	-1,650	-	-223,911	17,305
Change in Working Capital	131,742	-6,905	76,730	-267,114	-31,872

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