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
Period Ending	Sep '25 Sep 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
Net Income	14,681	11,789	9,925	7,842	6,342	3,976
Depreciation & Amortization	1,144	1,128	990.46	833.67	113.47	60.71
Provision for Credit Losses	5,021	2,844	2,410	4,367	826.27	366.16
Change in Other Net Operating Assets	-64,490	-32,481	-50,166	1,450	-76,452	-36,706
Other Operating Activities	898.53	4,428	1,695	1,963	2,464	-375.7
Operating Cash Flow	-43,456	-13,682	-36,188	15,707	-68,239	-32,469
Capital Expenditures	-250.47	-245.45	-138.17	-277.18	-231.07	-90.2
Cash Acquisitions	-	-	-51.64	-1,526	-3,694	-
Investment in Securities	-770.59	-420.76	199.69	905.46	3,515	-96.06
Income (Loss) Equity Investments	-1,378	-1,390	-1,042	-748.44	-1,640	102.53
Purchase / Sale of Intangibles	-832.4	-402.07	-396	-1,296	-4,204	-123.38
Other Investing Activities	761.09	405.44	821.14	1,677	852.78	536.35
Investing Cash Flow	-1,092	-662.84	435.01	-517.53	-3,761	226.71
Long-Term Debt Issued	-	31,824	17,486	10,647	15,748	19,594
Long-Term Debt Repaid	-	-2,401	-	-	-	-1,389
Net Debt Issued (Repaid)	11,969	29,424	17,486	10,647	15,748	18,204
Issuance of Common Stock	-	-	-	-	5,797	2,651
Repurchase of Common Stock	-228.05	-101.53	-301.18	-231.25	-	-92.71
Common Dividends Paid	-4,020	-2,995	-2,845	-2,025	-1,746	-541
Net Increase (Decrease) in Deposit Accounts	15,327	16,617	17,523	6,195	52,590	34,816
Other Financing Activities	219.11	1,422	313.76	-707.98	2,640	93.51
Financing Cash Flow	23,268	44,366	32,177	13,877	75,029	55,130
Foreign Exchange Rate Adjustments	545.62	-373.9	-101.84	55.68	-	-
Net Cash Flow	-20,735	29,647	-3,678	29,122	3,028	22,888
Free Cash Flow	-43,707	-13,928	-36,326	15,429	-68,470	-32,559
Free Cash Flow Margin	-109.02%	-40.10%	-116.72%	57.92%	-406.06%	-339.50%
Free Cash Flow Per Share	-9.21	-2.94	-7.66	3.24	-14.39	-7.26

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