CSN Mineração 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	1,650	4,528	3,569	2,950	6,371
Depreciation & Amortization	1,273	1,149	1,042	1,000	752.11
Other Amortization	49.83	49.82	41.06	20.04	8.84
Asset Writedown & Restructuring Costs	37.61	10.62	-0.8	-22.45	37.87
Loss (Gain) on Equity Investments	-226.1	-181.98	-152.19	-116.56	-92.06
Other Operating Activities	1,368	2,006	2,463	1,196	1,977
Change in Accounts Receivable	-417.55	227.67	-82.9	-906.98	2,103
Change in Inventory	-387.04	-714.05	-254.53	-374.99	-648.45
Change in Accounts Payable	417.13	434.87	432.6	397.19	-386.91
Change in Unearned Revenue	-90.36	6,379	4,174	-463.37	-697.14
Change in Income Taxes	-961.17	-1,262	-1,569	-2,893	-176.6
Change in Other Net Operating Assets	-819.35	-869.7	-1,416	-1,371	-206.89
Operating Cash Flow	1,894	11,757	8,246	-584.55	9,042
Operating Cash Flow Growth	-83.89%	42.57%	-	-	55.12%
Capital Expenditures	-2,365	-1,763	-1,444	-1,191	-1,336
Cash Acquisitions	-	-	-	41.69	-
Investment in Securities	-3,354	-1.44	234.87	-388.94	-
Investing Cash Flow	-5,719	-1,764	-1,209	-1,538	-1,336
Long-Term Debt Issued	1,981	489.36	1,418	4,011	3,195
Long-Term Debt Repaid	-2,133	-393.35	-1,176	-429	-106.59
Net Debt Issued (Repaid)	-151.5	96.01	241.39	3,582	3,089
Issuance of Common Stock	-	-	-	-	1,348
Repurchase of Common Stock	-	-324.34	-	-2.09	-651.02
Common Dividends Paid	-1,514	-3,560	-3,547	-4,283	-3,205
Other Financing Activities	-816.49	-805.83	-428.91	-1,396	-542.47
Financing Cash Flow	-2,482	-4,594	-3,734	-2,099	38.51
Foreign Exchange Rate Adjustments	-7.24	-8.47	3.07	-5.24	-
Net Cash Flow	-6,314	5,390	3,306	-4,227	7,744
Free Cash Flow	-470.65	9,994	6,803	-1,776	7,706
Free Cash Flow Growth	-	46.91%	-	-	48.56%
Free Cash Flow Margin	-2.61%	60.58%	36.03%	-13.38%	40.47%
Free Cash Flow Per Share	-0.09	1.83	1.24	-0.32	1.39
Cash Interest Paid	661.38	678.26	557.62	295.97	75.49
Cash Income Tax Paid	633.94	1,281	1,256	2,873	2,300
Levered Free Cash Flow	2,791	2,839	4,514	-918.34	8,291
Unlevered Free Cash Flow	3,576	3,551	5,015	-664.08	8,444
Change in Working Capital	-2,258	4,196	1,285	-5,612	-12.97

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.