Vinhomes JSC 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	64,758,249	41,895,255	31,801,258	33,371,406	28,830,869	38,824,562
Depreciation & Amortization	2,408,407	2,283,546	1,800,478	1,436,293	1,216,548	1,087,692
Other Amortization	14,595	14,595	-	-	-	-
Loss (Gain) From Sale of Assets	-28,716,219	-28,111,513	-24,574,340	-17,006,296	-13,710,128	-7,761,492
Other Operating Activities	5,237,847	722,904	-780,932	3,313,058	5,094,626	82,844
Change in Accounts Receivable	-50,792,046	-17,468,896	-95,391,366	-48,765,045	-49,977,318	-7,504,351
Change in Inventory	-83,659,762	-77,165,997	7,568,800	-977,614	-30,770,024	15,113,996
Change in Accounts Payable	168,947,347	117,528,128	59,350,686	24,225,002	94,860,621	-21,599,280
Change in Other Net Operating Assets	-1,924,696	-2,137,131	-674,134	3,567,140	-3,998,609	796,778
Operating Cash Flow	77,773,722	41,189,141	-22,399,550	1,516,891	31,520,190	17,073,519
Operating Cash Flow Growth	-	-	-	-95.19%	84.61%	-31.38%
Capital Expenditures	-13,518,788	-15,430,822	-10,645,071	-9,987,878	-18,299,050	-17,897,772
Sale of Property, Plant & Equipment	5,155,766	4,660,874	2,469,768	2,774,668	48,256	46,313
Investment in Securities	-153,370,802	-110,008,329	27,447,993	-20,239,513	-16,404,247	-3,999,936
Other Investing Activities	32,755,910	32,000,767	15,613,124	8,676,566	5,339,217	3,822,950
Investing Cash Flow	-129,587,960	-78,087,978	25,384,515	-18,631,955	-26,828,821	-21,996,264
Long-Term Debt Issued	-	137,179,577	80,497,407	53,107,991	24,760,212	13,819,877
Long-Term Debt Repaid	-	-77,968,571	-57,737,006	-32,712,229	-13,876,813	-19,301,251
Net Debt Issued (Repaid)	68,326,984	59,211,006	22,760,401	20,395,762	10,883,399	-5,481,374
Issuance of Common Stock	-	-	22,000	5,700	-	6,514,952
Repurchase of Common Stock	-	-	-10,485,188	-	-	-
Common Dividends Paid	-162,222	-	-	-	-9,383,745	-5,198,724
Other Financing Activities	-1,130,401	-1,130,401	-605,236	-	-	-
Financing Cash Flow	67,034,361	58,080,605	11,691,977	20,401,462	1,499,654	-4,165,146
Net Cash Flow	15,220,123	21,181,768	14,676,942	3,286,398	6,191,023	-9,087,891
Free Cash Flow	64,254,934	25,758,319	-33,044,621	-8,470,987	13,221,140	-824,253
Free Cash Flow Margin	31.70%	16.81%	-32.29%	-8.18%	21.19%	-0.97%
Free Cash Flow Per Share	15641.66	6271.18	-7634.99	-1945.40	3036.29	-191.39
Cash Interest Paid	13,429,153	13,429,153	6,976,847	4,176,671	3,768,556	2,386,255
Cash Income Tax Paid	7,666,163	7,666,163	10,891,805	5,812,208	4,135,049	9,751,018
Levered Free Cash Flow	-87,097,392	-139,297,290	23,048,005	-21,829,227	8,504,078	-7,301,729
Unlevered Free Cash Flow	-80,215,303	-131,739,879	28,528,183	-19,921,224	9,801,275	-5,834,129
Change in Working Capital	34,070,843	24,384,354	-30,646,014	-19,597,570	10,088,275	-15,160,087

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