BVMF:CALI3 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	21.16	7.95	9.68	7	7.47	1.94
Depreciation & Amortization	2.45	2.09	0.7	0.34	-	0.27
Other Amortization	-	-	-	0.71	0.1	-
Loss (Gain) From Sale of Investments	-3.69	-	-	2.74	1.97	-
Loss (Gain) on Equity Investments	-19.03	-33.13	-18.91	-6.45	-11.87	-0.97
Provision & Write-off of Bad Debts	-	-	-	4.02	4.25	0.25
Other Operating Activities	16.11	11.45	12.47	-3.13	-2.88	-4.25
Change in Accounts Receivable	-44.55	-21.2	17.26	-18.13	-8.91	-13.16
Change in Inventory	-102.17	2.03	34.04	-	-	-
Change in Accounts Payable	3.84	0.57	0.64	-1.21	1.73	1.04
Change in Income Taxes	4.22	-0.49	-0.25	-1.36	3.47	0.34
Change in Other Net Operating Assets	50.81	-8.69	-17.59	13.74	-23.92	1.2
Operating Cash Flow	-70.85	-39.42	38.03	-1.73	-28.59	-15.11
Capital Expenditures	-1.75	-0	-0.38	-0.21	-0.16	-0.86
Cash Acquisitions	-0.27	-0.27	-7.41	-	-	-
Investment in Securities	5.63	-4.96	-46.45	-35.57	-1.91	-19.67
Other Investing Activities	16.85	35.5	12.1	19.91	-1.27	2.93
Investing Cash Flow	57.32	30.27	-42.15	-15.87	-3.33	-17.61
Short-Term Debt Issued	-	-	-	-	-	10.16
Long-Term Debt Issued	-	58.11	59.71	96.46	58.62	60.12
Total Debt Issued	115.41	58.11	59.71	96.46	58.62	70.28
Long-Term Debt Repaid	-	-47.23	-72.58	-87.68	-9.58	-25.61
Net Debt Issued (Repaid)	60.52	10.88	-12.87	8.79	49.04	44.67
Issuance of Common Stock	-	-	0.07	9.15	-	-
Common Dividends Paid	-1.89	-2.29	-1.66	-1.6	-	-
Other Financing Activities	-0.5	-	-	-	-	-1.92
Financing Cash Flow	58.13	8.58	-14.47	16.34	49.04	42.74
Net Cash Flow	44.6	-0.57	-18.59	-1.26	17.11	10.03
Free Cash Flow	-72.6	-39.42	37.64	-1.94	-28.75	-15.97
Free Cash Flow Margin	-38.36%	-52.46%	39.33%	-1.30%	-39.38%	-53.16%
Free Cash Flow Per Share	-12.31	-10.59	10.12	-0.82	-15.45	-8.58
Cash Interest Paid	3.71	2.44	4.56	7.01	3.12	0.96
Cash Income Tax Paid	1.26	0.4	2.25	0.56	1	0.54
Levered Free Cash Flow	-339.06	-30.89	48.42	-19.57	-10.59	8.36
Unlevered Free Cash Flow	-336.64	-29.5	50.47	-14.34	-8.53	8.47
Change in Working Capital	-87.85	-27.78	34.09	-6.96	-27.63	-10.58

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