BVMF:DMVF3 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	16.66	25.86	21.36	11.36	1.98	0.12
Depreciation & Amortization	127.99	116.19	103.57	96.76	93.4	75.93
Other Amortization	3.22	1.46	1.01	0.71	0.63	1.02
Asset Writedown & Restructuring Costs	1.23	-0.38	0.46	2.18	-6.16	1.95
Provision & Write-off of Bad Debts	0.82	-0.03	-0.36	0.37	0.16	-0.51
Other Operating Activities	61.57	55.91	40.44	26.84	-11.47	-1.27
Change in Accounts Receivable	-97.3	-35.56	-25.63	-39.16	-24.71	-57.8
Change in Inventory	-22.12	-92	-34.08	-16.09	-8.6	-2.75
Change in Accounts Payable	72.28	101.27	50.5	35.23	40.29	19.64
Change in Income Taxes	2.83	8.41	-1.08	-1.18	1.99	-30.71
Change in Other Net Operating Assets	-2.14	-4.38	-10.17	-14.39	7.5	0.17
Operating Cash Flow	165.03	176.74	146.04	102.61	95.01	5.8
Operating Cash Flow Growth	2.15%	21.02%	42.33%	8.00%	1536.92%	-90.60%
Capital Expenditures	-81.8	-77.48	-49.55	-34.33	-48.93	-27.73
Cash Acquisitions	-	-	-	-	-	-3
Sale (Purchase) of Intangibles	-11.85	-17.33	-8.5	-5.8	-7.43	-4.94
Other Investing Activities	-	-	-4.35	-4.73	-3.9	0.02
Investing Cash Flow	-93.65	-94.81	-62.4	-44.86	-60.26	-35.64
Long-Term Debt Issued	-	64.93	-	26.49	-	131.32
Long-Term Debt Repaid	-	-102.23	-70.53	-96.88	-139.35	-301.67
Net Debt Issued (Repaid)	-53.7	-37.31	-70.53	-70.39	-139.35	-170.36
Issuance of Common Stock	-	-	-	-	-	369.99
Other Financing Activities	-43.25	-31.26	-25.36	-27.25	-5.53	-12.47
Financing Cash Flow	-96.95	-68.56	-95.88	-97.64	-144.88	187.17
Net Cash Flow	-25.57	13.37	-12.24	-39.89	-110.13	157.33
Free Cash Flow	83.23	99.26	96.49	68.28	46.08	-21.92
Free Cash Flow Growth	-14.70%	2.87%	41.33%	48.16%	-	-
Free Cash Flow Margin	3.20%	4.59%	5.52%	4.60%	4.04%	-2.18%
Free Cash Flow Per Share	1.65	1.96	1.91	1.35	0.91	-0.43
Cash Interest Paid	43.47	31.26	25.36	27.25	5.53	12.47
Cash Income Tax Paid	-	-	-	5	0.72	-
Levered Free Cash Flow	21.51	29.93	45.74	37.83	60.86	-27.07
Unlevered Free Cash Flow	54.95	52.21	63.85	56.35	76.14	-7.37
Change in Working Capital	-46.45	-22.27	-20.44	-35.6	16.46	-71.44

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