Ânima Holding Cash Flow Statement

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

Millions BRL. 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	123.76	85.15	-329.63	-102.25	-87.67
Depreciation & Amortization	368.24	425.13	534.43	529.65	393.21
Other Amortization	59.23	55.9	-	43.36	29.7
Asset Writedown & Restructuring Costs	-	-	42.17	4.14	24.01
Loss (Gain) From Sale of Investments	-14.96	-	-	-	46.79
Loss (Gain) on Equity Investments	8.88	11.77	6.89	14.34	-
Stock-Based Compensation	-	-	-	-	5.28
Provision & Write-off of Bad Debts	185.43	178.53	192.24	194.5	141.85
Other Operating Activities	309.71	181.59	260.74	-7.37	11.62
Change in Accounts Receivable	-273.59	-321.16	-128.6	-362.25	-228.89
Change in Accounts Payable	-11.08	33.46	-33.12	23.86	69
Change in Income Taxes	-17.87	-18.66	-	-	-13.5
Change in Other Net Operating Assets	-105.88	-23.35	-44.34	-110.03	-14.23
Operating Cash Flow	631.87	608.36	500.77	227.95	377.17
Operating Cash Flow Growth	3.86%	21.49%	119.68%	-39.56%	202.88%
Capital Expenditures	-94.15	-87.34	-92.88	-84.65	-76.11
Cash Acquisitions	-31.46	-13.08	-12.18	-17.7	-3,687
Divestitures	-	-	-	1,000	500
Sale (Purchase) of Intangibles	-123.18	-88.54	-97.57	-126.25	-103.43
Investment in Securities	-333.03	-307.1	209.14	-607.14	892.71
Other Investing Activities	0.47	1.24	-	-124.08	151.45
Investing Cash Flow	-584.28	-495.46	0.51	40.19	-2,323
Long-Term Debt Issued	445.86	2,816	570.1	2,732	2,789
Long-Term Debt Repaid	-232.03	-2,660	-1,014	-2,594	-700.13
Net Debt Issued (Repaid)	213.83	155.52	-444.36	137.84	2,089
Repurchase of Common Stock	-70.71	-246.76	-146.72	-120.6	-40.04
Common Dividends Paid	-	-	-	-1.92	-
Other Financing Activities	-70.31	-61.47	-193.22	-30.28	-7.05
Financing Cash Flow	72.81	-152.72	-784.3	-14.96	2,042
Net Cash Flow	120.41	-39.81	-283.02	253.18	96.07
Free Cash Flow	537.72	521.02	407.89	143.3	301.06
Free Cash Flow Growth	3.21%	27.73%	184.64%	-52.40%	467.65%
Free Cash Flow Margin	13.36%	13.71%	10.93%	4.02%	11.36%
Free Cash Flow Per Share	1.42	1.38	1.08	0.38	0.83
Cash Interest Paid	738.76	635.35	723.19	587.67	269.27
Cash Income Tax Paid	3.21	2.18	4.27	6.12	10.22
Levered Free Cash Flow	252.66	402.69	117.56	140.9	576.81
Unlevered Free Cash Flow	809.34	862.83	687.12	604.96	822.93
Change in Working Capital	-408.42	-329.71	-206.06	-448.42	-187.62

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