BVMF:CPLE3 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	2,669	2,308	2,259	1,224	4,953
Depreciation & Amortization	1,482	1,465	1,382	1,233	1,083
Loss (Gain) on Sale of Assets	-335.6	-264.43	-	62.9	-0.72
Loss (Gain) on Sale of Investments	-2,587	-923.72	-1,070	-1,848	-2,502
Loss (Gain) on Equity Investments	-240	-281.2	-307.81	-478.58	-303.14
Asset Writedown	27.51	45.38	-149.95	-113.75	-204.14
Stock-Based Compensation	24.97	5.6	-	-	-
Change in Accounts Receivable	583.13	602.2	188.44	1,482	-210.97
Change in Inventory	-37.07	38.4	18.74	7.33	-30.7
Change in Accounts Payable	441.15	72.73	19.51	-347.16	-53.3
Change in Income Taxes	-169.34	-295.65	-201	-488.5	-267.18
Change in Other Net Operating Assets	531.24	-118.18	559.71	1,232	3,237
Other Operating Activities	510	617.03	568.28	1,635	-1,292
Net Cash from Discontinued Operations	0.01	72.96	125.47	51.78	-1,154
Operating Cash Flow	3,028	3,463	3,518	3,777	3,387
Operating Cash Flow Growth	-12.54%	-1.58%	-6.83%	11.51%	-19.71%
Capital Expenditures	-162.1	-137.64	-204.81	-381.94	-338.14
Sale of Property, Plant & Equipment	-	11.44	-	-	-
Cash Acquisitions	-190.43	-	-911.45	-18.03	-501.89
Sale (Purchase) of Intangibles	-2,947	-6,273	-1,987	-1,918	-1,487
Investment in Securities	1,541	51.26	3.29	100.9	-85.09
Other Investing Activities	-	608.71	-35.52	-558	2,444
Investing Cash Flow	-1,759	-5,739	-3,135	-2,775	31.91
Long-Term Debt Issued	5,000	3,925	2,945	3,392	3,134
Long-Term Debt Repaid	-4,641	-1,413	-1,524	-3,109	-2,106
Net Debt Issued (Repaid)	358.51	2,512	1,421	282.94	1,028
Issuance of Common Stock	-	-	2,032	-	-
Repurchase of Common Stock	-70.05	-50.04	-	-	-
Common Dividends Paid	-1,249	-1,587	-750.37	-2,168	-3,874
Other Financing Activities	-1,340	-71.97	-5.83	-37.21	-38.53
Financing Cash Flow	-2,301	803.86	2,697	-1,922	-2,884
Net Cash Flow	-1,032	-1,473	3,080	-920.44	534.31
Free Cash Flow	2,866	3,325	3,314	3,395	3,049
Free Cash Flow Growth	-13.80%	0.35%	-2.39%	11.35%	-23.62%
Free Cash Flow Margin	10.97%	14.68%	15.43%	16.53%	12.71%
Free Cash Flow Per Share	0.96	1.11	1.17	1.24	1.11
Cash Income Tax Paid	197.79	219.22	294.68	124.38	659.32
Levered Free Cash Flow	4,384	-3,755	1,715	1,730	1,098
Unlevered Free Cash Flow	4,436	-3,708	1,771	1,787	1,109
Change in Working Capital	1,349	299.5	585.39	1,886	2,675

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