Vingroup 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 2022	FY 2021
Period Ending	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	13,446,455	11,903,028	2,156,925	8,781,861	-2,513,883
Depreciation & Amortization	31,680,500	21,964,577	17,605,842	21,284,073	14,919,628
Other Amortization	616,959	2,942,679	1,572,982	1,157,245	1,165,355
Loss (Gain) From Sale of Assets	-47,251,698	-43,058,391	-17,296,045	-35,207,028	-7,287,409
Other Operating Activities	14,852,190	2,786,372	14,932,752	4,341,712	4,426,766
Change in Accounts Receivable	-7,773,542	-95,017,737	-50,508,784	-56,073,019	-16,715,014
Change in Inventory	-75,363,099	-23,011,001	-9,345,650	-47,051,573	12,889,865
Change in Accounts Payable	141,518,743	145,453,938	17,867,029	107,552,634	-24,749,053
Change in Other Net Operating Assets	-719,830	-2,666,968	650,334	-2,538,613	2,669,686
Operating Cash Flow	74,634,928	20,846,497	-20,011,668	4,803,840	-14,205,904
Operating Cash Flow Growth	258.02%	-	-	-	-
Capital Expenditures	-87,104,176	-48,567,437	-54,548,151	-75,160,452	-36,840,586
Sale of Property, Plant & Equipment	2,229,197	3,258,753	5,774,148	3,323,256	79,459
Investment in Securities	-82,464,577	41,470,337	20,955,240	39,305,436	12,026,518
Other Investing Activities	2,726,261	1,778,910	1,836,680	5,812,574	1,665,964
Investing Cash Flow	-150,391,616	-16,843,087	-26,985,408	-20,958,571	-22,383,790
Long-Term Debt Issued	288,407,339	157,705,768	115,658,072	70,060,373	70,266,832
Long-Term Debt Repaid	-181,396,407	-151,279,044	-77,631,394	-47,287,263	-63,334,265
Net Debt Issued (Repaid)	107,010,932	6,426,724	38,026,678	22,773,110	6,932,567
Issuance of Common Stock	2,267,028	15,659,006	10,752,548	-	20,461,915
Repurchase of Common Stock	-	-10,485,188	-	-	-4,250
Preferred Dividends Paid	-	-60,950	-60,950	-	-
Dividends Paid	-	-60,950	-60,950	-	-
Other Financing Activities	-2,577,141	-605,238	-	1,341,461	-1,718,207
Financing Cash Flow	106,700,819	10,934,354	48,718,276	24,114,571	25,672,025
Foreign Exchange Rate Adjustments	-	-338,021	48,121	-98,774	-133,783
Net Cash Flow	30,944,131	14,599,743	1,769,321	7,861,066	-11,051,452
Free Cash Flow	-12,469,248	-27,720,940	-74,559,819	-70,356,612	-51,046,490
Free Cash Flow Margin	-3.75%	-14.66%	-46.19%	-69.12%	-40.61%
Free Cash Flow Per Share	-3033.28	-3665.32	-10047.42	-9319.88	-6956.20
Cash Interest Paid	24,906,981	23,899,300	14,438,520	9,901,728	9,217,300
Cash Income Tax Paid	17,646,326	11,845,057	6,880,320	4,504,574	10,731,071
Levered Free Cash Flow	-235,024,938	46,705,159	-78,832,519	-49,904,658	-50,823,251
Unlevered Free Cash Flow	-216,899,128	58,787,554	-69,626,832	-44,337,951	-45,558,048
Change in Working Capital	61,290,522	24,308,232	-38,984,124	4,445,977	-24,916,361

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.