Sendas Distribuidora 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	497	769	710	1,220	1,610
Depreciation & Amortization	1,755	1,617	1,433	965	687
Other Amortization	-	23	43	17	-
Loss (Gain) From Sale of Assets	20	12	-55	34	-12
Asset Writedown & Restructuring Costs	533	-	-	8	-
Loss (Gain) on Equity Investments	-60	-64	-51	-44	-47
Stock-Based Compensation	27	32	20	18	14
Provision & Write-off of Bad Debts	7	-7	4	7	2
Other Operating Activities	4,167	3,868	3,380	2,278	1,038
Change in Accounts Receivable	-875	-1,011	-640	-313	-85
Change in Inventory	-1,060	-1,096	-735	-2,505	-943
Change in Accounts Payable	451	635	1,498	3,175	884
Change in Unearned Revenue	551	20	96	-	-
Change in Income Taxes	-231	8	392	-235	-382
Change in Other Net Operating Assets	-133	126	-132	519	506
Operating Cash Flow	5,649	4,932	5,963	5,144	3,272
Operating Cash Flow Growth	14.54%	-17.29%	15.92%	57.21%	-7.70%
Capital Expenditures	-1,067	-1,647	-3,116	-3,774	-2,634
Sale of Property, Plant & Equipment	198	19	230	620	212
Sale (Purchase) of Intangibles	-55	-42	-169	-636	-854
Investing Cash Flow	-924	-1,670	-3,055	-3,790	-3,276
Long-Term Debt Issued	3,308	6,600	3,392	4,001	6,183
Long-Term Debt Repaid	-4,216	-5,060	-1,761	-309	-6,247
Net Debt Issued (Repaid)	-908	1,540	1,631	3,692	-64
Issuance of Common Stock	-	-	9	11	27
Repurchase of Common Stock	-78	-26	-	-	-
Common Dividends Paid	-128	-	-118	-168	-148
Other Financing Activities	-3,385	-4,607	-4,813	-1,597	-793
Financing Cash Flow	-4,499	-3,093	-3,291	1,938	-978
Net Cash Flow	226	169	-383	3,292	-982
Free Cash Flow	4,582	3,285	2,847	1,370	638
Free Cash Flow Growth	39.48%	15.38%	107.81%	114.73%	-71.82%
Free Cash Flow Margin	5.93%	4.45%	4.28%	2.51%	1.52%
Free Cash Flow Per Share	3.41	2.42	2.10	1.01	0.47
Cash Interest Paid	-	3,643	2,062	1,555	700
Cash Income Tax Paid	-	-	-	-	374
Levered Free Cash Flow	401.88	-1,088	-3,155	2,370	-1,951
Unlevered Free Cash Flow	2,788	789.44	-1,527	3,248	-1,377
Change in Working Capital	-1,297	-1,318	479	641	-20

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