diff --git a/libs/vkd3d-shader/spirv.c b/libs/vkd3d-shader/spirv.c
index 065f3f78..7c6332ce 100644
--- a/libs/vkd3d-shader/spirv.c
+++ b/libs/vkd3d-shader/spirv.c
@@ -9892,6 +9892,9 @@ int spirv_compiler_generate_spirv(struct spirv_compiler *compiler,
         shader_normaliser_init(&normaliser, instructions);
         result = shader_normaliser_flatten_hull_shader_phases(&normaliser);
         instructions = &normaliser.instructions;
+
+        if (result >= 0 && TRACE_ON())
+            vkd3d_shader_trace(instructions, &parser->shader_version);
     }
 
     for (i = 0; i < instructions->count && result >= 0; ++i)
diff --git a/libs/vkd3d-shader/trace.c b/libs/vkd3d-shader/trace.c
index 6cd2dcb2..d17a2819 100644
--- a/libs/vkd3d-shader/trace.c
+++ b/libs/vkd3d-shader/trace.c
@@ -1857,11 +1857,11 @@ static void shader_dump_instruction(struct vkd3d_d3d_asm_compiler *compiler,
     shader_addline(buffer, "\n");
 }
 
-enum vkd3d_result vkd3d_dxbc_binary_to_text(struct vkd3d_shader_parser *parser,
-        const struct vkd3d_shader_compile_info *compile_info, struct vkd3d_shader_code *out)
+enum vkd3d_result vkd3d_dxbc_binary_to_text(const struct vkd3d_shader_instruction_array *instructions,
+        const struct vkd3d_shader_version *shader_version, const struct vkd3d_shader_compile_info *compile_info,
+        struct vkd3d_shader_code *out)
 {
     enum vkd3d_shader_compile_option_formatting_flags formatting;
-    struct vkd3d_shader_version *shader_version;
     struct vkd3d_d3d_asm_compiler compiler;
     enum vkd3d_result result = VKD3D_OK;
     struct vkd3d_string_buffer *buffer;
@@ -1919,16 +1919,16 @@ enum vkd3d_result vkd3d_dxbc_binary_to_text(struct vkd3d_shader_parser *parser,
     buffer = &compiler.buffer;
     vkd3d_string_buffer_init(buffer);
 
+    compiler.shader_version = *shader_version;
     shader_version = &compiler.shader_version;
-    *shader_version = parser->shader_version;
     vkd3d_string_buffer_printf(buffer, "%s%s_%u_%u%s\n", compiler.colours.version,
             shader_get_type_prefix(shader_version->type), shader_version->major,
             shader_version->minor, compiler.colours.reset);
 
     indent = 0;
-    for (i = 0; i < parser->instructions.count; ++i)
+    for (i = 0; i < instructions->count; ++i)
     {
-        struct vkd3d_shader_instruction *ins = &parser->instructions.elements[i];
+        struct vkd3d_shader_instruction *ins = &instructions->elements[i];
 
         switch (ins->handler_idx)
         {
@@ -1981,12 +1981,13 @@ enum vkd3d_result vkd3d_dxbc_binary_to_text(struct vkd3d_shader_parser *parser,
     return result;
 }
 
-void vkd3d_shader_trace(struct vkd3d_shader_parser *parser)
+void vkd3d_shader_trace(const struct vkd3d_shader_instruction_array *instructions,
+        const struct vkd3d_shader_version *shader_version)
 {
     const char *p, *q, *end;
     struct vkd3d_shader_code code;
 
-    if (vkd3d_dxbc_binary_to_text(parser, NULL, &code) != VKD3D_OK)
+    if (vkd3d_dxbc_binary_to_text(instructions, shader_version, NULL, &code) != VKD3D_OK)
         return;
 
     end = (const char *)code.code + code.size;
diff --git a/libs/vkd3d-shader/vkd3d_shader_main.c b/libs/vkd3d-shader/vkd3d_shader_main.c
index 405f5f0e..1b41fa34 100644
--- a/libs/vkd3d-shader/vkd3d_shader_main.c
+++ b/libs/vkd3d-shader/vkd3d_shader_main.c
@@ -1072,7 +1072,7 @@ static int scan_with_parser(const struct vkd3d_shader_compile_info *compile_info
 
     if (TRACE_ON())
     {
-        vkd3d_shader_trace(parser);
+        vkd3d_shader_trace(&parser->instructions, &parser->shader_version);
     }
 
     for (i = 0; i < parser->instructions.count; ++i)
@@ -1198,7 +1198,7 @@ static int compile_dxbc_tpf(const struct vkd3d_shader_compile_info *compile_info
     if (compile_info->target_type == VKD3D_SHADER_TARGET_D3D_ASM)
     {
         vkd3d_shader_free_scan_descriptor_info(&scan_descriptor_info);
-        ret = vkd3d_dxbc_binary_to_text(parser, compile_info, out);
+        ret = vkd3d_dxbc_binary_to_text(&parser->instructions, &parser->shader_version, compile_info, out);
         vkd3d_shader_parser_destroy(parser);
         return ret;
     }
@@ -1272,7 +1272,7 @@ static int compile_d3d_bytecode(const struct vkd3d_shader_compile_info *compile_
 
     if (compile_info->target_type == VKD3D_SHADER_TARGET_D3D_ASM)
     {
-        ret = vkd3d_dxbc_binary_to_text(parser, compile_info, out);
+        ret = vkd3d_dxbc_binary_to_text(&parser->instructions, &parser->shader_version, compile_info, out);
         vkd3d_shader_parser_destroy(parser);
         return ret;
     }
diff --git a/libs/vkd3d-shader/vkd3d_shader_private.h b/libs/vkd3d-shader/vkd3d_shader_private.h
index 3cb90f95..d1a4aa1d 100644
--- a/libs/vkd3d-shader/vkd3d_shader_private.h
+++ b/libs/vkd3d-shader/vkd3d_shader_private.h
@@ -1030,7 +1030,8 @@ static inline void vkd3d_shader_parser_destroy(struct vkd3d_shader_parser *parse
     parser->ops->parser_destroy(parser);
 }
 
-void vkd3d_shader_trace(struct vkd3d_shader_parser *parser);
+void vkd3d_shader_trace(const struct vkd3d_shader_instruction_array *instructions,
+        const struct vkd3d_shader_version *shader_version);
 
 const char *shader_get_type_prefix(enum vkd3d_shader_type type);
 
@@ -1046,8 +1047,9 @@ struct vkd3d_string_buffer_cache
     size_t count, max_count, capacity;
 };
 
-enum vkd3d_result vkd3d_dxbc_binary_to_text(struct vkd3d_shader_parser *parser,
-        const struct vkd3d_shader_compile_info *compile_info, struct vkd3d_shader_code *out);
+enum vkd3d_result vkd3d_dxbc_binary_to_text(const struct vkd3d_shader_instruction_array *instructions,
+        const struct vkd3d_shader_version *shader_version, const struct vkd3d_shader_compile_info *compile_info,
+        struct vkd3d_shader_code *out);
 void vkd3d_string_buffer_cleanup(struct vkd3d_string_buffer *buffer);
 struct vkd3d_string_buffer *vkd3d_string_buffer_get(struct vkd3d_string_buffer_cache *list);
 void vkd3d_string_buffer_init(struct vkd3d_string_buffer *buffer);