Viet Dragon Securities 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	237,151	284,766	285,743	327,563	-108,552	425,665
Depreciation & Amortization, Total	20,789	20,947	21,373	18,933	15,603	11,414
Gain (Loss) On Sale of Investments	92,114	10,957	-51,116	-277,727	285,188	-17,367
Change in Accounts Receivable	9,338	-9,944	-2,338	-11,101	-4,209	9,887
Change in Accounts Payable	-13,180	-10,104	-27,840	39,661	-30,418	8,327
Change in Other Net Operating Assets	-459,691	-925,123	-701,969	-656,218	491,365	-1,323,911
Other Operating Activities	27,383	64,407	59,130	76,734	-49,293	100,381
Operating Cash Flow	9,556	-792,069	-447,582	-211,954	-316,914	-983,915
Capital Expenditures	-10,377	-10,301	-34,168	-17,224	-38,237	-24,628
Cash Acquisitions	-1,308,870	-1,044,000	-51,300	-194,413	-83,620	-51,450
Other Investing Activities	57,567	54,302	53,343	57,361	37,934	31,056
Investing Cash Flow	-1,197,015	-848,462	8,943	-144,041	-73,922	-44,593
Short-Term Debt Issued	-	8,949,547	5,360,276	6,120,699	7,042,059	6,449,393
Total Debt Issued	9,823,597	8,949,547	5,360,276	6,120,699	7,042,059	6,449,393
Short-Term Debt Repaid	-	-7,552,897	-4,645,176	-5,462,929	-7,161,072	-5,499,266
Total Debt Repaid	-8,475,447	-7,552,897	-4,645,176	-5,462,929	-7,161,072	-5,499,266
Net Debt Issued (Repaid)	1,348,150	1,396,650	715,100	657,770	-119,013	950,127
Issuance of Common Stock	47,000	47,000	88,500	-	582,102	-
Repurchase of Common Stock	-14	-14	-14	-	-	-
Common Dividends Paid	-	-	-	-	-32.28	-30,315
Other Financing Activities	-	-	-	16,800	5,880	-
Financing Cash Flow	1,395,136	1,443,636	803,586	674,570	468,937	919,812
Net Cash Flow	207,677	-196,895	364,947	318,575	78,101	-108,696
Free Cash Flow	-820.44	-802,370	-481,750	-229,178	-355,151	-1,008,543
Free Cash Flow Margin	-0.12%	-114.62%	-71.95%	-40.40%	-60.21%	-118.04%
Free Cash Flow Per Share	-3.02	-2949.89	-1838.51	-889.79	-1640.17	-5395.56
Cash Interest Paid	41,194	31,995	5,825	-	-	-
Cash Income Tax Paid	68,290	35,716	61,436	9,718	51,606	95,730

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