VPBank Securities JSC 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 2021	FY 2020	2019 - 2015
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Net Income	3,569,118	975,680	1,003,760	6,075	-3,584	Upgrade
Depreciation & Amortization, Total	6,003	8,237	5,180	49.3	174.59	Upgrade
Gain (Loss) On Sale of Investments	-591,906	22,978	-296.21	-	-	Upgrade
Change in Accounts Receivable	379,051	382,398	130,430	1,155	-764.6	Upgrade
Change in Accounts Payable	418,254	3,954	1,058	1,444	5.27	Upgrade
Change in Other Net Operating Assets	-26,741,431	-2,883,831	-5,789,557	5,505	4,305	Upgrade
Other Operating Activities	1,177,439	264,074	-72,299	-2,708	-21.76	Upgrade
Operating Cash Flow	-35,041,718	-2,686,294	-8,816,230	-164,982	114.68	Upgrade
Capital Expenditures	-15,774	-6,231	-6,823	-13,623	-	Upgrade
Investing Cash Flow	-15,774	-6,231	-6,823	-13,123	-	Upgrade
Short-Term Debt Issued	1,341,547,683	91,357,690	108,565,782	-	-	Upgrade
Total Debt Issued	1,341,547,683	91,357,690	108,565,782	-	-	Upgrade
Short-Term Debt Repaid	-1,313,340,261	-88,152,348	-103,056,205	-	-	Upgrade
Total Debt Repaid	-1,313,340,261	-88,152,348	-103,056,205	-	-	Upgrade
Net Debt Issued (Repaid)	28,207,422	3,205,342	5,509,578	-	-	Upgrade
Issuance of Common Stock	12,618,772	-	-	234,080	-	Upgrade
Financing Cash Flow	40,826,194	3,205,342	5,509,578	234,080	-	Upgrade
Net Cash Flow	5,768,702	512,817	-3,313,475	55,975	114.68	Upgrade
Free Cash Flow	-35,057,492	-2,692,525	-8,823,053	-178,605	114.68	Upgrade
Free Cash Flow Margin	-547.06%	-127.28%	-506.69%	-1637.63%	11.15%	Upgrade
Free Cash Flow Per Share	-22612.74	-1795.02	-5882.03	-15228.81	20.48	Upgrade
Cash Interest Paid	1,413,507	354,243	-	-	-	Upgrade
Cash Income Tax Paid	264,234	216,378	-	-	21.76	Upgrade

Source: S&P Capital IQ. Capital Markets template. Financial Sources.