HOSE:VSC 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	340,980	336,160	123,623	314,294	349,945
Depreciation & Amortization	379,524	231,357	193,368	201,527	200,434
Other Amortization	2,249	1,154	-	-	-
Loss (Gain) From Sale of Assets	-159,188	-219,918	-13,137	-14,147	-17,152
Asset Writedown & Restructuring Costs	-	21,719	-	-	-
Other Operating Activities	384,645	201,912	223,573	48,526	22,704
Change in Accounts Receivable	-8,307	-46,368	-4.84	15,583	70,287
Change in Inventory	-2,080	-8,942	-1,037	-3,143	3,379
Change in Accounts Payable	71,824	-650.03	74,188	-90,875	-1,277
Change in Other Net Operating Assets	47,080	43,997	41,863	420.82	16,360
Operating Cash Flow	627,525	13,774	642,436	472,185	644,681
Operating Cash Flow Growth	4455.88%	-97.86%	36.06%	-26.76%	21.77%
Capital Expenditures	-1,071,113	-14,764	-5,377	-137,803	-92,343
Sale of Property, Plant & Equipment	81,261	391.98	464.8	1,698	-
Investment in Securities	-2,789,520	-1,311,963	-1,094,549	-1,762,626	-483,693
Other Investing Activities	72,744	32,936	32,590	23,750	14,532
Investing Cash Flow	-3,847,038	-1,293,398	-1,066,871	-1,874,981	-561,504
Long-Term Debt Issued	5,025,254	3,141,427	886,600	908,400	-
Long-Term Debt Repaid	-1,709,293	-2,885,675	-382,068	-	-
Net Debt Issued (Repaid)	3,315,961	255,751	504,532	908,400	-
Issuance of Common Stock	527,040	1,333,956	-	5,436	549,054
Common Dividends Paid	-257,275	-	-	-121,269	-112,122
Other Financing Activities	-	-136,105	-70,389	-43,136	-
Financing Cash Flow	3,585,726	1,453,603	434,143	749,430	436,932
Foreign Exchange Rate Adjustments	2,959	2,147	415.16	154.84	103.31
Net Cash Flow	369,172	176,125	10,123	-653,211	520,212
Free Cash Flow	-443,587	-989.81	637,059	334,382	552,338
Free Cash Flow Growth	-	-	90.52%	-39.46%	27.17%
Free Cash Flow Margin	-13.84%	-0.04%	29.21%	16.66%	29.19%
Free Cash Flow Per Share	-1184.89	-3.28	3554.02	1937.08	6162.72
Cash Interest Paid	107,536	133,527	2,450	-	-
Cash Income Tax Paid	103,643	89,415	62,414	84,804	69,018
Levered Free Cash Flow	-1,387,217	527,557	394,112	-269,259	999,049
Unlevered Free Cash Flow	-1,323,965	632,025	500,641	-268,569	999,049
Change in Working Capital	-320,684	-558,610	115,009	-78,015	88,749

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