Alupar Investimento S.A. (BVMF:ALUP3)

Alupar Investimento Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,387	1,216	1,086	694.06	918.47	1,115
Depreciation & Amortization	206.81	185.79	178.16	153.91	149.58	139.56
Loss (Gain) on Equity Investments	-386.35	-301.19	-149	-41.17	-5.97	-5.26
Asset Writedown	-	18.93	-2.71	12.42	7.77	3.08
Change in Accounts Receivable	3,049	2,960	2,690	2,642	2,575	-2,983
Change in Inventory	-1.31	-0.71	0.51	-1.08	-0.96	-0.39
Change in Accounts Payable	94.58	-4.64	3.75	-47.5	40.73	-196.54
Change in Income Taxes	-47.97	-48.2	-32.6	-28.8	13.44	24.17
Change in Unearned Revenue	78.28	129.05	189.37	154.19	116.33	-
Change in Other Net Operating Assets	-267.69	-168.69	23.94	-14.77	-35.95	-14.45
Other Operating Activities	-2,382	-1,968	-1,712	-1,147	-1,464	2,973
Operating Cash Flow	1,729	2,018	2,275	2,377	2,314	1,055
Operating Cash Flow Growth	-22.42%	-11.30%	-4.27%	2.72%	119.27%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-118.2	-91	-95.66	-360.41	-838.59	-214.78
Cash Acquisitions	-79.21	-79.21	-	-2.72	-288.81	-
Sale (Purchase) of Intangibles	-30.22	-10.81	-35.85	-17.6	-17.26	-17.1
Investment in Securities	-1,314	390.72	-477.68	183.36	-99.91	-217
Other Investing Activities	-29.86	-19.37	33.52	-	-	-
Investing Cash Flow	-1,571	190.33	-575.66	-197.37	-1,245	-448.88

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	2,818	3,368	706.86	2,627	1,472
Long-Term Debt Repaid	-	-3,092	-3,037	-762.36	-1,362	-907.04
Net Debt Issued (Repaid)	1,675	-273.75	330.99	-55.5	1,265	564.85
Issuance of Common Stock	15.03	-	1.82	10.66	-	36.53
Common Dividends Paid	-697.27	-875.62	-951.95	-1,113	-1,064	-879.17
Other Financing Activities	-1,153	-1,183	-1,123	-1,061	-788.46	-623.54
Financing Cash Flow	-159.84	-2,332	-1,742	-2,219	-587.07	-901.33

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	6.73	2.65	26.66	12.23	-8.7	-2.46
Net Cash Flow	4.59	-121.35	-15.98	-27.27	473.36	-297.49

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	1,611	1,927	2,180	2,016	1,475	840.4
Free Cash Flow Growth	-24.86%	-11.59%	8.10%	36.69%	75.52%	-
Free Cash Flow Margin	32.16%	43.82%	54.46%	60.89%	38.48%	16.06%
Free Cash Flow Per Share	4.89	5.91	6.69	6.19	4.47	2.55
Levered Free Cash Flow	92.56	1,139	489.89	343.5	39.54	792.11
Unlevered Free Cash Flow	958.01	1,967	1,254	1,072	777.56	1,345

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	1,153	1,183	1,123	1,061	815.11	624.57
Cash Income Tax Paid	146.56	142.87	130.26	129.38	114.05	91.89
Change in Working Capital	2,905	2,867	2,875	2,704	2,708	-3,171

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 1, 2026

Data Sources Report a data error