HOSE:VSH 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	862,610	448,329	993,990	1,264,845	387,273
Depreciation & Amortization	590,273	589,960	587,267	591,738	470,061
Loss (Gain) on Sale of Assets	-24,424	-	-	111,927	-
Change in Accounts Receivable	-108,620	604,455	-380,421	-295,694	-390,611
Change in Inventory	4,981	-3,054	-4,010	1,614	185.02
Change in Accounts Payable	66,733	-21,200	-32,161	-	48,505
Change in Other Net Operating Assets	3,236	-955.96	193.34	-1,279	-1,877
Other Operating Activities	13,658	-41,007	-86,656	-167,527	232,262
Operating Cash Flow	1,408,446	1,576,527	1,078,203	1,506,546	753,985
Operating Cash Flow Growth	-10.66%	46.22%	-28.43%	99.81%	221.26%
Capital Expenditures	-8,606	-18,411	-46,766	-158,817	-328,165
Investment in Securities	-358,346	-4,000	1,500	2,774	-
Other Investing Activities	17,910	13,357	5,078	5,975	3,458
Investing Cash Flow	-349,043	-9,054	-40,188	-150,069	-324,707
Long-Term Debt Issued	-	1,258,000	-	10,000	-
Long-Term Debt Repaid	-650,634	-1,645,794	-327,304	-1,051,157	-691,932
Net Debt Issued (Repaid)	-650,634	-387,794	-327,304	-1,041,157	-691,932
Issuance of Common Stock	-	-	-	-	299,940
Common Dividends Paid	-708,724	-944,979	-708,724	-236,241	-
Financing Cash Flow	-1,359,358	-1,332,773	-1,036,027	-1,277,398	-391,992
Net Cash Flow	-299,954	234,700	1,988	79,079	37,285
Free Cash Flow	1,399,840	1,558,116	1,031,437	1,347,728	425,820
Free Cash Flow Growth	-10.16%	51.06%	-23.47%	216.50%	-
Free Cash Flow Margin	60.76%	85.37%	40.10%	43.69%	26.43%
Free Cash Flow Per Share	5924.83	6595.44	4366.03	5704.88	1824.70
Cash Interest Paid	202,673	298,395	448,787	595,564	79,534
Cash Income Tax Paid	73,737	78,440	129,991	97,761	53,581
Levered Free Cash Flow	1,055,681	883,334	1,410,714	787,178	286,441
Unlevered Free Cash Flow	1,181,067	1,056,959	1,655,972	1,042,236	488,591
Change in Working Capital	-33,671	579,244	-416,398	-295,360	-343,798

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