Alphaville 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	-125.7	66.14	-584.25	-410.97	-377.13
Depreciation & Amortization	1.53	1.11	1.67	6.16	4.61
Other Amortization	-	0.34	0.42	-	4.48
Loss (Gain) From Sale of Assets	-	-21.85	21.85	-	-
Asset Writedown & Restructuring Costs	3.71	15.25	0.1	4.91	7.41
Loss (Gain) From Sale of Investments	89.23	42.92	304.82	-	-
Loss (Gain) on Equity Investments	-1.36	3.77	-7.46	-1.02	-1.74
Stock-Based Compensation	-	1.68	2.55	2.56	2.94
Provision & Write-off of Bad Debts	-4.71	-6.68	-21.8	-37.72	-32.88
Other Operating Activities	161.71	1.77	209.62	170.22	158.51
Change in Accounts Receivable	-43.92	8.74	34.81	216.64	214.15
Change in Accounts Payable	-26.16	21.74	20.68	-10.97	-34.26
Change in Unearned Revenue	-36.98	-135.81	15.53	220	77.59
Change in Income Taxes	-	-9.54	-20.4	-7.6	-
Change in Other Net Operating Assets	-60.95	-31.34	52.77	26.49	-77.92
Operating Cash Flow	-43.59	-41.76	30.9	178.71	-54.25
Operating Cash Flow Growth	-	-	-82.71%	-	-
Capital Expenditures	-0.28	-0.83	-0.57	-5.06	-4.16
Investment in Securities	2.34	156.18	19.1	-53.11	208.18
Other Investing Activities	7.97	0.6	2.07	0.09	-
Investing Cash Flow	10.03	155.95	20.59	-58.07	204.02
Long-Term Debt Issued	86.83	132.51	42.35	-	100.74
Long-Term Debt Repaid	-73.16	-129.3	-40.29	-37.37	-164.49
Net Debt Issued (Repaid)	13.67	3.21	2.06	-37.37	-63.74
Issuance of Common Stock	-	129.83	-	-	-
Repurchase of Common Stock	-	-	-	-0.29	-5.21
Other Financing Activities	-36.4	-30.52	-57.93	-86.36	-90.9
Financing Cash Flow	-22.73	102.52	-55.87	-124.01	-159.86
Net Cash Flow	-56.29	216.71	-4.38	-3.37	-10.09
Free Cash Flow	-43.87	-42.59	30.33	173.66	-58.41
Free Cash Flow Growth	-	-	-82.54%	-	-
Free Cash Flow Margin	-7.50%	-6.27%	6.34%	65.50%	-25.63%
Free Cash Flow Per Share	-	-0.24	1.22	7.75	-2.61
Cash Interest Paid	-	19.81	15.65	34.31	66.08
Cash Income Tax Paid	-	9.54	20.4	7.6	6.22
Levered Free Cash Flow	-168.28	-65.45	-0.75	10.14	-44.81
Unlevered Free Cash Flow	-25.27	-15.75	125.63	155.15	8.19
Change in Working Capital	-168.01	-146.21	103.38	444.57	179.56

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