HOSE:VNG 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 2019	FY 2018
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Net Income	6,556	2,395	3,328	21,251	46,785
Depreciation & Amortization	79,822	89,874	59,285	98,622	76,411
Other Amortization	1,498	-	-	872.11	-
Loss (Gain) From Sale of Assets	-76,365	-252,538	-78,027	-37,408	-34,636
Other Operating Activities	-16,242	15,758	36,178	-460.8	21,348
Change in Accounts Receivable	33,825	-129,135	-167,670	-24,582	-53,134
Change in Inventory	-1,640	690.31	581.32	-650.13	979.56
Change in Accounts Payable	158,688	-59,661	-41,471	1,917	44,488
Change in Other Net Operating Assets	19,527	31,657	-62,353	6,515	-2,699
Operating Cash Flow	-70,120	-300,959	-250,150	66,076	113,466
Operating Cash Flow Growth	-	-	-	-41.77%	5781.77%
Capital Expenditures	-157,754	-131,474	-675,356	-292,578	-279,505
Sale of Property, Plant & Equipment	480.27	1,875	3,065	23,880	11,503
Investment in Securities	-96,783	213,518	15,955	-184,114	-110,423
Other Investing Activities	26,549	6,852	13,010	17,388	34,399
Investing Cash Flow	-231,588	52,368	-644,135	-203,034	-230,171
Long-Term Debt Issued	1,829,456	1,766,882	1,677,400	802,396	518,538
Long-Term Debt Repaid	-2,063,119	-1,064,195	-769,470	-656,212	-373,474
Net Debt Issued (Repaid)	-233,664	702,687	907,929	146,184	145,064
Issuance of Common Stock	-	-	-	-	39,691
Common Dividends Paid	-	-	-	-3,910	-37,686
Other Financing Activities	-	-	-	-10,792	-7,253
Financing Cash Flow	-233,664	702,687	907,929	131,483	139,816
Foreign Exchange Rate Adjustments	-1.16	4.77	2.57	250.65	198.31
Net Cash Flow	-535,373	454,101	13,647	-5,224	23,309
Free Cash Flow	-227,874	-432,432	-925,505	-226,502	-166,039
Free Cash Flow Margin	-30.02%	-60.95%	-124.62%	-24.76%	-18.06%
Free Cash Flow Per Share	-2342.53	-4445.39	-9514.16	-2733.57	-2163.84
Cash Interest Paid	248,771	252,246	147,864	56,919	42,037
Cash Income Tax Paid	38,189	19,897	13,081	15,351	29,940
Levered Free Cash Flow	-211,891	-343,888	-	64,249	-
Unlevered Free Cash Flow	-60,848	-180,531	-	101,587	-
Change in Working Capital	-65,389	-156,449	-270,913	-16,800	3,558

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