BVMF:AZTE3 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024
Net Income	-2.53	-38.65
Depreciation & Amortization	0.62	4.26
Asset Writedown & Restructuring Costs	-1.32	53.96
Other Operating Activities	-72.63	-21.99
Change in Inventory	-0.43	-0.21
Change in Accounts Payable	1.49	1.4
Change in Income Taxes	18.62	-5.56
Change in Other Net Operating Assets	22.89	35.17
Operating Cash Flow	-33.29	28.38
Capital Expenditures	-62.81	-223.86
Investing Cash Flow	-62.81	-223.86
Long-Term Debt Issued	-	2.23
Net Debt Issued (Repaid)	-1.44	2.23
Issuance of Common Stock	103.3	193.29
Financing Cash Flow	96.18	195.51
Net Cash Flow	0.07	0.04
Free Cash Flow	-96.1	-195.48
Free Cash Flow Margin	-3126.35%	-8893.40%
Free Cash Flow Per Share	-0.28	-1.01
Change in Working Capital	42.57	30.8

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