Banestes S.A - Banco do Estado do Espírito Santo (BVMF:BEES3)

BVMF:BEES3 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	341.64	428.63	323.8	344.64	230.52	221.65
Depreciation & Amortization	98.54	78.63	80.32	79.24	71.67	65.42
Other Amortization	13.6	21.59	-	-	-	-
Gain (Loss) on Sale of Investments	162.59	55.3	36.97	73.88	-16.93	-24.01
Provision for Credit Losses	108.66	108.66	244.62	59.04	76.29	35.47
Change in Income Taxes	-167.34	-161.32	-112.31	-174.1	-112	-
Change in Other Net Operating Assets	-1,422	-6,865	161.54	4,824	1,418	-2,968
Other Operating Activities	-1,875	-2,090	-2,823	-1,650	-607.31	-245.73
Operating Cash Flow	-2,739	-8,424	-2,088	3,556	1,060	-2,915
Operating Cash Flow Growth	-	-	-	235.41%	-	-
Capital Expenditures	-142.76	-119.74	-110.69	-63.12	-60.29	-44.92
Sale of Property, Plant and Equipment	88.34	101.11	71.32	54.07	58.35	29.51
Investment in Securities	2,301	10,614	-2,866	-6,660	95.98	-2,082
Purchase / Sale of Intangibles	-112.3	-221.55	-76.2	-66.83	-50.75	-39.32
Other Investing Activities	295.65	346.33	421.89	384.49	-13.58	-
Investing Cash Flow	2,430	10,720	-2,560	-6,351	29.72	-2,137
Common Dividends Paid	-	-58	-57	-	-109.07	-74.1
Net Increase (Decrease) in Deposit Accounts	225.81	458.58	2,203	1,885	2,497	4,203
Other Financing Activities	-162.72	-158.5	-142.32	-184.31	-	-
Financing Cash Flow	63.09	242.08	2,004	1,700	2,388	4,129
Net Cash Flow	-246.57	2,538	-2,644	-1,094	3,478	-923.28
Free Cash Flow	-2,882	-8,543	-2,198	3,493	1,000	-2,960
Free Cash Flow Growth	-	-	-	249.32%	-	-
Free Cash Flow Margin	-177.61%	-502.39%	-149.09%	240.74%	86.60%	-259.02%
Free Cash Flow Per Share	-8.29	-24.59	-6.33	10.05	2.88	-8.52
Cash Income Tax Paid	44.68	161.32	112.31	174.1	112	-

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