VNDIRECT Securities 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 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,931,408	1,718,425	2,022,251	1,365,944	2,382,924	692,767
Depreciation & Amortization, Total	16,837	31,334	45,095	28,026	24,949	15,058
Gain (Loss) On Sale of Investments	-178,389	103,624	-208,545	418,289	-872,716	-191,427
Change in Accounts Receivable	856,469	916,578	592,629	-288,842	-134,809	14,161
Change in Accounts Payable	-1,915	-33,950	56,191	-6,076	43,856	-97,311
Change in Other Net Operating Assets	-11,132,416	-722,397	-1,122,093	2,348,345	-14,770,347	-2,978,205
Other Operating Activities	-995,180	-1,263,187	-950,531	84,111	360,217	36,347
Operating Cash Flow	-9,461,453	-7,108,709	2,175,019	-3,136,385	-13,359,485	-2,114,555
Capital Expenditures	-41,633	-38,526	-67,189	-57,697	-29,034	-12,323
Cash Acquisitions	-10,500	-79,380	-181,135	-21,100	-10,870	-1,500
Investment in Securities	3,507	3,507	165,000	-	-	-
Investing Cash Flow	68,597	-114,251	-83,324	-78,797	-39,905	-13,822
Short-Term Debt Issued	-	98,919,193	86,884,569	80,100,985	164,528,566	131,729,125
Total Debt Issued	157,839,076	98,919,193	86,884,569	80,100,985	164,528,566	131,729,125
Short-Term Debt Repaid	-	-97,351,433	-86,573,031	-80,859,764	-153,022,654	-129,224,453
Total Debt Repaid	-147,539,664	-97,351,433	-86,573,031	-80,859,764	-153,022,654	-129,224,453
Net Debt Issued (Repaid)	10,299,412	1,567,760	311,537	-758,779	11,505,912	2,504,672
Issuance of Common Stock	-	2,435,537	368.52	4,349,445	3,112,927	9.6
Repurchase of Common Stock	-	-	-	-274.57	-	-540.5
Common Dividends Paid	-761,150	-761,150	-	-608,922	-107,257	-120,993
Other Financing Activities	-	-	-	-	615,842	-
Financing Cash Flow	9,538,262	3,242,147	311,906	2,981,469	15,127,424	2,383,148
Net Cash Flow	145,405	-3,980,813	2,403,601	-233,713	1,728,034	254,771
Free Cash Flow	-9,503,086	-7,147,235	2,107,830	-3,194,082	-13,388,519	-2,126,877
Free Cash Flow Margin	-188.70%	-157.87%	40.49%	-53.71%	-241.17%	-121.73%
Free Cash Flow Per Share	-5574.29	-4695.02	1384.63	-2302.34	-19254.38	-5396.38
Cash Interest Paid	966,900	758,024	1,505,273	824,535	383,144	381,512
Cash Income Tax Paid	299,962	385,940	349,912	436,634	372,576	138,836

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