Banco BTG Pactual Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	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	2016 - 2020
Net Income	12,367	10,745	9,980	7,842	6,342	3,976	Upgrade
Depreciation & Amortization	689.66	653.03	1,224	833.67	113.47	60.71	Upgrade
Provision for Credit Losses	4,052	3,236	2,280	4,367	826.27	366.16	Upgrade
Change in Trading Asset Securities	-50,074	-50,074	-27,425	-	-	-	Upgrade
Change in Income Taxes	3,705	3,705	2,319	-	-	-	Upgrade
Change in Other Net Operating Assets	37,931	41,109	-3,478	1,450	-76,452	-36,706	Upgrade
Other Operating Activities	600.88	1,484	-115.7	1,963	2,464	-375.7	Upgrade
Operating Cash Flow	6,556	7,819	-16,500	15,707	-68,239	-32,469	Upgrade
Capital Expenditures	-225.78	-245.45	-138.17	-277.18	-231.07	-90.2	Upgrade
Cash Acquisitions	17.01	-	-	-1,526	-3,694	-	Upgrade
Investment in Securities	-700.26	-354.22	275.39	905.46	3,515	-96.06	Upgrade
Income (Loss) Equity Investments	-1,421	-1,372	-1,077	-748.44	-1,640	102.53	Upgrade
Purchase / Sale of Intangibles	-1,367	-740.96	-517.91	-1,296	-4,204	-123.38	Upgrade
Other Investing Activities	-3,842	-4,195	-278.77	1,677	852.78	536.35	Upgrade
Investing Cash Flow	-6,118	-5,536	-659.47	-517.53	-3,761	226.71	Upgrade
Long-Term Debt Issued	-	31,824	17,486	10,647	15,748	19,594	Upgrade
Long-Term Debt Repaid	-	-2,401	-	-	-	-1,389	Upgrade
Net Debt Issued (Repaid)	23,250	29,424	17,486	10,647	15,748	18,204	Upgrade
Issuance of Common Stock	-	-	-	-	5,797	2,651	Upgrade
Repurchase of Common Stock	-119.31	-101.53	-301.18	-231.25	-	-92.71	Upgrade
Common Dividends Paid	-3,270	-2,995	-2,845	-2,025	-1,746	-541	Upgrade
Net Increase (Decrease) in Deposit Accounts	-21,333	-	-	6,195	52,590	34,816	Upgrade
Other Financing Activities	769.44	1,410	-755.99	-707.98	2,640	93.51	Upgrade
Financing Cash Flow	-703.09	27,738	13,584	13,877	75,029	55,130	Upgrade
Foreign Exchange Rate Adjustments	-103.36	-373.9	-101.84	55.68	-	-	Upgrade
Net Cash Flow	-369.22	29,647	-3,678	29,122	3,028	22,888	Upgrade
Free Cash Flow	6,330	7,574	-16,639	15,429	-68,470	-32,559	Upgrade
Free Cash Flow Margin	16.96%	21.85%	-51.18%	57.92%	-406.06%	-339.50%	Upgrade
Free Cash Flow Per Share	1.34	1.60	-3.51	3.24	-14.39	-7.26	Upgrade

Updated Feb 10, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.