BVMF:CEBR5 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	185.58	174.23	183.51	196.34	1,250
Depreciation & Amortization	7.79	8.26	8.06	9.78	9.93
Other Amortization	0.18	-	-	-	-
Loss (Gain) on Sale of Assets	-	-	-	0.78	17.73
Loss (Gain) on Sale of Investments	-	-	-	-23.31	-1,706
Loss (Gain) on Equity Investments	-88.63	-93.26	-88.27	-80.34	-48.42
Asset Writedown	-0.44	-0.58	-0.13	-	-
Change in Accounts Receivable	-36.99	18.4	-7.47	-2.41	262.68
Change in Inventory	12.11	-23.99	-3.44	0.52	-2.37
Change in Accounts Payable	-8.2	11.69	-4.43	1.55	5.99
Change in Income Taxes	-54.47	-13.2	-8.31	26.9	25.61
Change in Other Net Operating Assets	-12.56	12.97	45.99	-6.27	-372.09
Other Operating Activities	134.93	140.68	120.08	70.55	162.88
Net Cash from Discontinued Operations	-	-	-	-	8.75
Operating Cash Flow	139.55	236.75	243.37	198.89	-385.15
Operating Cash Flow Growth	-41.06%	-2.72%	22.36%	-	-
Capital Expenditures	-26.58	-4.15	-36.51	-3.64	-4.33
Sale of Property, Plant & Equipment	-	-	-	-	2,515
Investment in Securities	0.68	0.65	-	-0.38	-0.2
Other Investing Activities	-	-	-	1.05	-
Investing Cash Flow	-25.91	-3.5	-36.51	-2.96	2,510
Long-Term Debt Issued	-	-	-	135.92	-
Long-Term Debt Repaid	-	-	-	-	-95.16
Net Debt Issued (Repaid)	-	-	-	135.92	-95.16
Issuance of Common Stock	-	-	0.96	-	-
Common Dividends Paid	-397.59	-207.4	-264.41	-307.13	-1,447
Other Financing Activities	-	-0.16	-	-	-5.39
Financing Cash Flow	-397.59	-207.56	-263.46	-171.22	-1,547
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-
Net Cash Flow	-283.94	25.69	-56.59	24.72	578.09
Free Cash Flow	112.97	232.6	206.87	195.26	-389.48
Free Cash Flow Growth	-51.43%	12.44%	5.95%	-	-
Free Cash Flow Margin	22.14%	66.39%	58.67%	60.60%	-113.52%
Free Cash Flow Per Share	1.57	3.23	2.87	2.71	-5.40
Cash Interest Paid	0.2	0.09	0.04	0.04	1.03
Cash Income Tax Paid	110.22	75.21	104.74	91.3	628.78
Levered Free Cash Flow	-113.8	58.97	-23.98	20.36	618.66
Unlevered Free Cash Flow	-110.29	61.32	-23.53	20.62	619.53
Change in Working Capital	-100.11	5.87	22.34	20.3	-80.18

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