Vincom Retail 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	6,874,783	6,445,924	4,095,780	4,408,600	2,776,057	1,314,510
Depreciation & Amortization	1,353,796	1,372,289	1,379,104	1,453,931	1,451,929	1,492,420
Other Amortization	11,601	9,006	-	-	37,810	41,132
Gain (Loss) on Sale of Assets	-5,127,029	-4,750,833	-1,792,224	-1,144,646	-	-348,545
Change in Accounts Receivable	-3,818,826	-4,205,131	-6,408,007	-1,293,682	-214,005	-380,981
Change in Accounts Payable	-	-	-	-	1,614,418	-366,521
Change in Other Net Operating Assets	-3,267,918	-3,043,318	2,949,970	-741,637	-167,974	142,473
Other Operating Activities	244,247	851,006	188,539	665,895	76,082	-136,826
Operating Cash Flow	-3,677,574	-3,262,205	758,109	3,892,009	5,071,683	1,705,319
Operating Cash Flow Growth	-	-	-80.52%	-23.26%	197.40%	-57.60%
Acquisition of Real Estate Assets	-3,031,440	-2,686,260	-4,192,445	-8,321,768	-2,538,150	-1,567,282
Sale of Real Estate Assets	81,679	11,833	11,029	4,462	38,468	5,243
Net Sale / Acq. of Real Estate Assets	-2,949,761	-2,674,427	-4,181,416	-8,317,306	-2,499,682	-1,562,039
Investment in Marketable & Equity Securities	3,605,021	3,605,021	-352	-6,645	392,758	-
Other Investing Activities	2,093,625	2,079,825	630,199	1,770,380	779,224	1,311,647
Investing Cash Flow	2,746,230	3,007,764	-2,463,203	-7,520,834	-1,327,700	1,162,212
Long-Term Debt Issued	-	6,272,960	994,340	1,782,123	-	-
Long-Term Debt Repaid	-	-4,468,582	-506,477	-1,071,397	-21,397	-2,621,378
Net Debt Issued (Repaid)	1,803,843	1,804,378	487,863	710,726	-21,397	-2,621,378
Issuance of Common Stock	-	-	362	-	2	-
Net Cash Flow	872,499	1,549,937	-1,216,869	-2,918,099	3,722,588	246,153
Cash Interest Paid	586,043	484,047	451,815	293,139	314,988	519,699
Cash Income Tax Paid	1,694,104	1,089,328	1,274,356	576,317	159,095	583,752
Levered Free Cash Flow	2,620,986	7,832,461	-5,802,095	-5,983,650	2,671,354	544,802
Unlevered Free Cash Flow	3,089,205	8,271,755	-5,448,282	-5,777,134	2,858,016	807,530
Change in Working Capital	-7,034,972	-7,189,597	-3,113,090	-1,491,771	729,805	-657,372

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