BVMF:CYRE3 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	2,007	1,649	942.09	808.88	914.36
Depreciation & Amortization	77.63	49.28	60.12	43.47	40.02
Other Amortization	1.71	1.54	6.97	-	-
Asset Writedown & Restructuring Costs	117.61	156.29	83.54	72.48	-18.76
Loss (Gain) From Sale of Investments	-	-	1.79	24.82	22.25
Loss (Gain) on Equity Investments	-548.11	-500.88	-262.06	-217.09	-297.17
Provision & Write-off of Bad Debts	68.9	228.64	56.33	39.66	122.03
Other Operating Activities	-105.11	55.39	-195.85	-162.63	111.02
Change in Accounts Receivable	-1,407	-1,551	-802.03	-415.02	-392.12
Change in Inventory	-1,529	-1,257	81.67	-649.59	-989.95
Change in Accounts Payable	965.95	1,080	160.67	-62.34	67.64
Change in Unearned Revenue	179.42	10.37	-188.54	16.09	168.9
Change in Income Taxes	-27.93	7.03	-27.4	-12.47	9.95
Change in Other Net Operating Assets	-160.02	134.52	-532.98	110.93	-154.94
Operating Cash Flow	-358.39	63.45	-615.69	-402.8	-396.76
Capital Expenditures	-619.85	-141.91	-124.68	-99.47	-68.37
Sale (Purchase) of Intangibles	-12.61	-38.89	-15.77	-200.93	-18.4
Investment in Securities	-320.98	-69.69	519.68	-1,008	-599.69
Other Investing Activities	559.1	165.62	197.96	550.62	214.51
Investing Cash Flow	-394.35	-84.88	577.19	-757.64	-471.96
Long-Term Debt Issued	4,732	3,973	2,440	2,574	1,758
Long-Term Debt Repaid	-2,185	-3,259	-2,029	-1,390	-891.55
Net Debt Issued (Repaid)	2,547	714.42	410.77	1,185	866.46
Repurchase of Common Stock	-3.6	-152.38	-10.65	-	-
Common Dividends Paid	-1,392	-223.75	-317.13	-25.03	-200.9
Other Financing Activities	-204.21	-26.93	68.29	-76	209.02
Financing Cash Flow	947.56	311.37	151.28	1,084	874.57
Net Cash Flow	194.83	289.94	112.78	-76.93	5.86
Free Cash Flow	-978.24	-78.46	-740.36	-502.27	-465.13
Free Cash Flow Margin	-10.36%	-0.97%	-11.84%	-9.28%	-9.71%
Free Cash Flow Per Share	-2.23	-0.18	-1.98	-1.34	-1.21
Cash Interest Paid	636.42	460.91	448.47	347.21	116.36
Cash Income Tax Paid	171.8	161.37	141.65	119.2	94.87
Levered Free Cash Flow	-1,814	-628.61	-689.45	-822.22	-482.31
Unlevered Free Cash Flow	-1,424	-342.2	-404.91	-506.98	-482.31
Change in Working Capital	-1,978	-1,576	-1,309	-1,012	-1,291

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