Direcional Engenharia S.A. (BVMF:DIRR3)

Direcional Engenharia Cash Flow Statement

Financials in millions BRL. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	837.99	789.34	638.38	331.56	190.02	146.6
Depreciation & Amortization	85.27	80.74	70.07	60.56	53.43	51.29
Loss (Gain) From Sale of Investments	-87.3	-73.53	-137.15	-51.7	-83.35	-21.17
Loss (Gain) on Equity Investments	-63.2	-62.63	-86.53	-53.7	-21.76	-17.56
Stock-Based Compensation	21.06	18.38	7.54	6.04	2.91	3.28
Provision & Write-off of Bad Debts	212.63	203.46	128.7	13.58	21.63	18.55
Other Operating Activities	505.88	422.97	194.8	139.13	191.45	154.7
Change in Accounts Receivable	-1,052	-1,093	-908.53	-321.37	-223.47	-119.45
Change in Inventory	282.54	295.41	373.74	8.92	249.19	176.19
Change in Accounts Payable	12.36	22.18	-20.35	-26.78	7.77	-34.89
Change in Unearned Revenue	11.03	10.37	38.81	46.81	-3.17	-7.67
Change in Income Taxes	-14.59	5.01	-15.09	-76.09	-22.69	-10.87
Change in Other Net Operating Assets	-326.2	-226.77	-214.28	-249.61	-143.58	-251.34
Operating Cash Flow	432.56	398.42	76.25	-171.01	220.36	90
Operating Cash Flow Growth	14.01%	422.50%	-	-	144.83%	-68.46%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-83.34	-64.23	-53.97	-7.06	-39.35	-14.19
Sale (Purchase) of Intangibles	-13.65	-15.1	-24.08	-17.06	-17.34	-14.2
Investment in Securities	162.25	-55.11	-32.96	-58.53	-0.94	-70.4
Other Investing Activities	14.17	41.97	18.43	43.78	8.49	11.45
Investing Cash Flow	79.44	-92.48	-92.58	-38.87	-49.13	-87.34

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	1,797	947.53	606.89	561.49	155.31
Long-Term Debt Repaid	-	-690.6	-703.7	-693.38	-455.73	-8.5
Net Debt Issued (Repaid)	1,145	1,106	243.83	-86.49	105.77	146.8
Issuance of Common Stock	-	-	-	406.88	-	50.72
Repurchase of Common Stock	-26.04	-33.49	-	-	-5.54	-31.97
Common Dividends Paid	-1,163	-1,451	-358.38	-104.29	-69.96	-100.15
Other Financing Activities	356.77	479.56	288.96	-105.37	-192.31	-75.68
Financing Cash Flow	312.2	101.34	174.41	110.74	-162.05	-10.28

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	824.2	407.29	158.08	-99.15	9.17	-7.62

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	349.22	334.19	22.28	-178.07	181.01	75.81
Free Cash Flow Growth	11.16%	1399.91%	-	-	138.75%	-72.30%
Free Cash Flow Margin	7.57%	7.70%	0.66%	-7.56%	8.37%	4.27%
Free Cash Flow Per Share	0.66	0.64	0.04	-0.36	0.40	0.17
Levered Free Cash Flow	-424.21	-449.52	137.69	-174	514.41	193.16
Unlevered Free Cash Flow	-351.05	-390.5	185.23	-174	610.87	193.16

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	250.05	184.91	120.39	145.2	114.19	60.82
Cash Income Tax Paid	78.22	72.62	48.06	8.3	37.33	32.97
Change in Working Capital	-1,087	-987.27	-745.7	-618.12	-135.94	-248.04

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error