Bicicletas Monark Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	15.04	17.83	26.25	8.06	3.48
Depreciation & Amortization	1.83	1.73	1.52	1.59	1.93
Asset Writedown & Restructuring Costs	0	0	0.01	-	-
Other Operating Activities	-1.77	-2.57	3.43	0.57	1.73
Change in Accounts Receivable	1.13	-0.16	0.9	0.67	-0.98
Change in Inventory	-1.2	1.91	7.11	-9.73	1.95
Change in Accounts Payable	0.03	-0.52	-0.33	-0.1	-2.51
Change in Income Taxes	0.31	6.37	-1.74	-2.69	1.5
Change in Other Net Operating Assets	0.06	0.19	-1.6	0.02	0.53
Operating Cash Flow	15.4	24.54	35.83	-1.82	7.44
Operating Cash Flow Growth	-37.23%	-31.52%	-	-	247.22%
Capital Expenditures	-0.24	-0.09	-0.17	-0.18	-0.1
Investment in Securities	-	-0.01	0	0	-
Investing Cash Flow	-0.24	-0.09	-0.17	-0.18	-0.1
Long-Term Debt Repaid	-1.81	-1.75	-1.6	-1.49	-
Net Debt Issued (Repaid)	-1.81	-1.75	-1.6	-1.49	-
Common Dividends Paid	-17.72	-26.07	-8.06	-3.58	-2.74
Financing Cash Flow	-19.53	-27.82	-9.67	-5.06	-2.74
Net Cash Flow	-4.37	-3.38	25.99	-7.06	4.6
Free Cash Flow	15.16	24.45	35.66	-2	7.35
Free Cash Flow Growth	-37.99%	-31.43%	-	-	258.17%
Free Cash Flow Margin	100.64%	153.67%	192.57%	-11.32%	33.71%
Free Cash Flow Per Share	33.34	53.77	78.41	-4.39	16.15
Cash Income Tax Paid	6.98	9.15	4.41	0.99	-
Levered Free Cash Flow	-4.04	1.5	8.09	-8.38	3.59
Unlevered Free Cash Flow	-3.88	1.67	8.24	-8.11	4
Change in Working Capital	0.33	7.78	4.35	-11.84	0.49

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