Azevedo & Travassos S.A. (BVMF:AZEV3)

Azevedo & Travassos Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-722.31	-266.49	-50.81	-79.97	190.14	-36.87
Depreciation & Amortization	220.29	39.69	36.96	38.89	0.68	1.53
Asset Writedown & Restructuring Costs	0.09	61.38	-24.18	-29.7	-0.63	2.3
Loss (Gain) on Equity Investments	-	-	-	0.04	5.22	-
Other Operating Activities	39.47	-59.57	-54.1	-65.9	7.42	6.61
Change in Accounts Receivable	-18.4	12.65	10.22	-55.71	-20.36	-1.88
Change in Inventory	-25.26	4.45	19.64	1.99	8.46	-1.48
Change in Accounts Payable	26.88	14.82	33.9	12.21	-166.83	-1.98
Change in Income Taxes	69.49	48.08	24.93	35.29	-4.71	-2.67
Change in Other Net Operating Assets	374.28	42.63	-86.06	50.34	-27.11	44.56
Operating Cash Flow	-37.52	-102.37	-89.5	-92.54	-7.72	10.12
Operating Cash Flow Growth	-	-	-	-	-	562.30%
Capital Expenditures	-484.14	-13.21	-1.07	-	-120.83	-
Sale (Purchase) of Real Estate	-	-	-185.38	-	-	-
Investing Cash Flow	-484.14	-13.21	-186.45	-	-120.83	-
Long-Term Debt Issued	-	30.88	-	14.87	-	-
Long-Term Debt Repaid	-	-	-4.56	-	-17.02	-14.52
Net Debt Issued (Repaid)	-73.65	30.88	-4.56	14.87	-17.02	-14.52
Issuance of Common Stock	751	85.75	270.93	70	153.27	8.94
Financing Cash Flow	521.98	116.63	266.37	84.87	136.25	-5.58
Net Cash Flow	0.31	1.06	-9.58	-7.67	7.7	4.54
Free Cash Flow	-521.67	-115.57	-90.57	-92.54	-128.55	10.12
Free Cash Flow Growth	-	-	-	-	-	562.30%
Free Cash Flow Margin	-194.54%	-76.12%	-21.07%	-24.07%	-167.25%	39.63%
Free Cash Flow Per Share	-0.88	-0.58	-0.54	-1.20	-2.36	0.51
Levered Free Cash Flow	-552.44	-127.21	60.43	-28.15	-228.55	-84.63
Unlevered Free Cash Flow	-444.26	-75.11	84.14	-11.72	-226.16	-74.16
Change in Working Capital	427	122.63	2.62	44.11	-210.55	36.55

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.