Uniao Pet Participacoes 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	133.36	109.34	116.79	58.74	80.89	60
Depreciation & Amortization	340.79	239.41	215.61	192.26	155.37	117.25
Other Amortization	15.12	15.12	10.31	7.7	-	-
Loss (Gain) From Sale of Assets	4.62	5.03	6.37	6.11	0.79	-3.27
Asset Writedown & Restructuring Costs	3.07	3.07	-	-	-	-
Stock-Based Compensation	0.16	1.35	3.26	6.15	17.49	-
Other Operating Activities	169.78	132.7	-42.81	78.74	72.8	42.16
Change in Accounts Receivable	-46.48	-21.98	2.74	-6.36	-63.31	-56.36
Change in Inventory	-37.44	-44.03	-13.94	-50.62	-69.01	-64.71
Change in Accounts Payable	38.82	58.57	7.22	12.23	50.71	97.05
Change in Income Taxes	0.97	64.49	64.76	12.73	10.06	-1.12
Change in Other Net Operating Assets	-43.54	-30.4	7.01	-7.56	-13.43	-7.32
Operating Cash Flow	579.22	532.66	377.32	310.13	242.36	183.67
Operating Cash Flow Growth	47.73%	41.17%	21.66%	27.96%	31.95%	3.53%
Capital Expenditures	-86.85	-90.49	-113.18	-161.3	-178.35	-164.5
Cash Acquisitions	-197.96	-	-	6.48	-0.2	-0.55
Sale (Purchase) of Intangibles	-33.75	-19.43	-19.66	-22.71	-22.35	-10.6
Investment in Securities	30.94	58.13	64.18	-77.93	29.7	9.04
Investing Cash Flow	-298.17	-51.79	-68.66	-255.46	-171.2	-166.6
Long-Term Debt Repaid	-	-103.99	-113.97	-99.83	-80.5	-110.45
Net Debt Issued (Repaid)	-175.73	-103.99	-113.97	-99.83	-80.5	-110.45
Issuance of Common Stock	-	-	-	115.35	111.95	103.81
Repurchase of Common Stock	-	-	-15.45	-	-	-
Common Dividends Paid	-1.38	-1.11	-0.56	-0.79	-1.1	-
Other Financing Activities	-121.12	-107.59	-93.63	-83.45	-60.8	-
Financing Cash Flow	-298.23	-212.68	-223.6	-68.72	-30.45	-6.64
Net Cash Flow	-17.17	268.18	85.06	-14.04	40.71	10.44
Free Cash Flow	492.37	442.17	264.14	148.84	64.01	19.18
Free Cash Flow Growth	65.50%	67.40%	77.46%	132.54%	233.75%	-84.93%
Free Cash Flow Margin	12.31%	14.67%	9.65%	5.76%	2.99%	1.13%
Free Cash Flow Per Share	0.90	1.07	0.64	0.35	0.15	0.05
Cash Interest Paid	107.59	107.59	93.63	83.45	60.8	-
Cash Income Tax Paid	48.06	48.06	57.56	48.67	19.56	43.24
Levered Free Cash Flow	137.92	311.17	111.74	169.8	5.81	-186.89
Unlevered Free Cash Flow	249.08	381.6	171.74	224.45	46.21	-158.39
Change in Working Capital	-87.66	26.65	67.79	-39.57	-84.98	-32.46

Source: S&P Global Market Intelligence. Standard template. Financial Sources.