BVMF:CGAS3 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	1,617	1,792	1,409	1,811	2,119	1,151
Depreciation & Amortization	696.57	653.44	575.79	498.49	436.09	379.26
Loss (Gain) on Sale of Assets	41.12	58.97	30.19	45.19	21.08	3.18
Stock-Based Compensation	0.07	-	5	2.34	3.63	4.31
Change in Accounts Receivable	460.67	-51.47	344.1	-197.78	-376.13	-5.9
Change in Inventory	11.02	-18.07	-32.29	-3.11	-7.29	-34.53
Change in Accounts Payable	-457.15	-141.9	-186.43	-175.84	468.38	-33.37
Change in Other Net Operating Assets	-765.04	-742.01	-396.84	8.18	-438.53	-627.66
Other Operating Activities	1,808	1,313	1,673	1,438	283.91	1,235
Operating Cash Flow	3,450	2,882	3,432	3,439	2,508	2,097
Operating Cash Flow Growth	28.46%	-16.03%	-0.23%	37.11%	19.65%	-16.55%
Sale of Property, Plant & Equipment	1.76	1.5	4.64	8.32	6.81	-
Sale (Purchase) of Intangibles	-1,479	-1,503	-1,500	-1,188	-1,027	-991.72
Investment in Securities	209.8	-127.75	-159.28	532.48	-4.91	-776.58
Investing Cash Flow	-1,268	-1,629	-1,654	-646.72	-1,025	-1,768
Long-Term Debt Issued	-	3,703	1,338	2,474	1,558	2,268
Long-Term Debt Repaid	-	-1,171	-1,552	-2,282	-1,770	-808.68
Net Debt Issued (Repaid)	-1,435	2,531	-213.86	192	-212.47	1,459
Common Dividends Paid	-544.14	-2,735	-430.12	-1,873	-1,650	-1,136
Other Financing Activities	-826.39	-705.53	-529.47	-762.43	-340.15	-124.39
Financing Cash Flow	-2,805	-909.54	-1,173	-2,443	-2,202	198.89
Net Cash Flow	-622.53	343.28	603.88	349.61	-718.9	527.14
Free Cash Flow	3,450	2,882	3,432	3,439	2,508	2,097
Free Cash Flow Growth	28.46%	-16.03%	-0.23%	37.11%	19.65%	-16.55%
Free Cash Flow Margin	26.73%	18.66%	22.64%	20.23%	21.42%	25.21%
Free Cash Flow Per Share	26.04	21.74	25.88	25.92	18.89	15.78
Cash Interest Paid	520.77	377.6	341.22	472.42	419.72	281.41
Levered Free Cash Flow	442.93	18.99	1,572	86.67	286.44	155.41
Unlevered Free Cash Flow	1,043	500.36	1,936	629.41	781.71	377.04
Change in Working Capital	-750.5	-953.46	-271.46	-368.54	-353.57	-701.46

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.