BVMF:AFLT3 Cash Flow Statement

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	32.86	23.83	34.03	28.71	37.49	99.81
Depreciation & Amortization	0.19	0.15	0.19	0.2	0.17	0.08
Asset Writedown	-0.03	-	-	0.01	0.03	-
Change in Accounts Receivable	0.13	-4.12	2.23	-2.85	0.02	-2.27
Change in Accounts Payable	-1.61	-3.24	1.19	-0.98	-1	3.71
Change in Income Taxes	2.91	2.78	0	-0.39	-1.57	-0.34
Change in Other Net Operating Assets	11.71	20.85	-25.26	-5.5	-16.67	-76.29
Other Operating Activities	11.23	6.84	-0.97	0.4	2.22	2.84
Operating Cash Flow	57.39	47.09	11.42	19.6	20.7	27.53
Operating Cash Flow Growth	704.19%	312.45%	-41.75%	-5.32%	-24.79%	3.69%
Capital Expenditures	0.11	-0.11	-1.43	-0.38	-1.91	-1.25
Investing Cash Flow	0.11	-0.11	-1.43	-0.38	-1.91	-1.25
Long-Term Debt Issued	-	-	30	-	-	-
Long-Term Debt Repaid	-	-	-0.13	-0.2	-0.2	-0.2
Net Debt Issued (Repaid)	-	-	29.87	-0.2	-0.2	-0.2
Common Dividends Paid	-26.05	-26.05	-35.47	-37.42	-14.88	-39.67
Financing Cash Flow	-26.05	-26.05	-5.6	-37.62	-15.08	-39.87
Net Cash Flow	31.45	20.93	4.39	-18.4	3.71	-13.59
Free Cash Flow	57.5	46.98	9.98	19.23	18.79	26.28
Free Cash Flow Growth	949.23%	370.59%	-48.07%	2.31%	-28.49%	3.26%
Free Cash Flow Margin	89.86%	95.57%	11.61%	28.57%	26.08%	21.84%
Free Cash Flow Per Share	0.91	0.74	0.16	0.30	0.30	0.42
Cash Interest Paid	1.33	1.33	0	0.02	0.03	0.04
Cash Income Tax Paid	1.26	0.75	12.31	2.44	1.52	1.52
Levered Free Cash Flow	20.08	3.53	16.33	9.99	28.29	47.42
Unlevered Free Cash Flow	21.05	4.53	16.4	10	28.31	47.44
Change in Working Capital	13.13	16.27	-21.84	-9.72	-19.21	-75.19