BVMF:CALI3 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	26.6	7.95	9.68	7	7.47
Depreciation & Amortization	2.45	2.09	0.7	0.34	-
Other Amortization	-	-	-	0.71	0.1
Loss (Gain) From Sale of Investments	0.7	-	-	2.74	1.97
Loss (Gain) on Equity Investments	-26.48	-33.13	-18.91	-6.45	-11.87
Provision & Write-off of Bad Debts	2.58	-	-	4.02	4.25
Other Operating Activities	46.92	11.45	12.47	-3.13	-2.88
Change in Accounts Receivable	-140.88	-21.2	17.26	-18.13	-8.91
Change in Inventory	-	2.03	34.04	-	-
Change in Accounts Payable	39.4	0.57	0.64	-1.21	1.73
Change in Income Taxes	0.71	-0.49	-0.25	-1.36	3.47
Change in Other Net Operating Assets	64.38	-8.69	-17.59	13.74	-23.92
Operating Cash Flow	16.37	-39.42	38.03	-1.73	-28.59
Capital Expenditures	-3.73	-0	-0.38	-0.21	-0.16
Cash Acquisitions	36.86	-0.27	-7.41	-	-
Investment in Securities	-	-4.96	-46.45	-35.57	-1.91
Other Investing Activities	14.32	35.5	12.1	19.91	-1.27
Investing Cash Flow	47.44	30.27	-42.15	-15.87	-3.33
Long-Term Debt Issued	315.23	58.11	59.71	96.46	58.62
Total Debt Issued	315.23	58.11	59.71	96.46	58.62
Long-Term Debt Repaid	-224.98	-47.23	-72.58	-87.68	-9.58
Net Debt Issued (Repaid)	90.26	10.88	-12.87	8.79	49.04
Issuance of Common Stock	-	-	0.07	9.15	-
Common Dividends Paid	-1.89	-2.29	-1.66	-1.6	-
Financing Cash Flow	88.37	8.58	-14.47	16.34	49.04
Net Cash Flow	152.18	-0.57	-18.59	-1.26	17.11
Free Cash Flow	12.64	-39.42	37.64	-1.94	-28.75
Free Cash Flow Margin	3.46%	-52.46%	39.33%	-1.30%	-39.38%
Free Cash Flow Per Share	1.81	-10.59	10.12	-0.82	-15.45
Cash Interest Paid	-	2.44	4.56	7.01	3.12
Cash Income Tax Paid	-	0.4	2.25	0.56	1
Levered Free Cash Flow	-203.47	-30.89	48.42	-19.57	-10.59
Unlevered Free Cash Flow	-202.26	-29.5	50.47	-14.34	-8.53
Change in Working Capital	-36.4	-27.78	34.09	-6.96	-27.63

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