BVMF:BEES3 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	339.92	428.63	323.8	344.64	230.52
Depreciation & Amortization	101.52	100.22	80.32	79.24	71.67
Other Amortization	20.99	-	-	-	-
Gain (Loss) on Sale of Investments	-2	58.05	36.97	73.88	-16.93
Provision for Credit Losses	223.04	108.66	244.62	59.04	76.29
Change in Income Taxes	-137.41	-161.32	-112.31	-174.1	-112
Change in Other Net Operating Assets	71.72	-6,867	161.54	4,824	1,418
Other Operating Activities	-1,932	-2,093	-2,823	-1,650	-607.31
Operating Cash Flow	-1,314	-8,426	-2,088	3,556	1,060
Operating Cash Flow Growth	-	-	-	235.41%	-
Capital Expenditures	-138.07	-119.74	-110.69	-63.12	-60.29
Sale of Property, Plant and Equipment	76.82	101.11	71.32	54.07	58.35
Investment in Securities	1,951	10,614	-2,866	-6,660	95.98
Purchase / Sale of Intangibles	-102.03	-221.49	-76.2	-66.83	-50.75
Other Investing Activities	253.42	346.26	421.89	384.49	-13.58
Investing Cash Flow	2,041	10,720	-2,560	-6,351	29.72
Common Dividends Paid	-30	-58	-57	-	-109.07
Net Increase (Decrease) in Deposit Accounts	1,227	458.58	2,203	1,885	2,497
Other Financing Activities	-205.78	-158.5	-142.32	-184.31	-
Financing Cash Flow	991.1	242.08	2,004	1,700	2,388
Net Cash Flow	1,718	2,536	-2,644	-1,094	3,478
Free Cash Flow	-1,452	-8,545	-2,198	3,493	1,000
Free Cash Flow Growth	-	-	-	249.32%	-
Free Cash Flow Margin	-87.13%	-502.51%	-149.09%	240.74%	86.60%
Free Cash Flow Per Share	-4.18	-24.59	-6.33	10.05	2.88
Cash Income Tax Paid	137.41	161.32	112.31	174.1	112

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