Döhler 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	5.48	-15.36	0.47	3.48	77.35	84.02
Depreciation & Amortization	19.32	19.01	16.85	18.53	13.92	12.05
Other Amortization	3.01	1.99	1.25	-	-	0.4
Asset Writedown & Restructuring Costs	0.04	0.04	0.12	-	-	-
Loss (Gain) on Equity Investments	-	-	-	-	-1.12	-0.64
Other Operating Activities	24.38	23.53	12.87	8.05	4.11	17.78
Change in Accounts Receivable	14.28	5.31	3.92	-23.78	0.56	1.36
Change in Inventory	29.61	11.45	-56.59	-31.08	-98.74	-10.67
Change in Accounts Payable	1.09	-13.03	19.87	-6.56	-4.87	9.02
Change in Income Taxes	-5.25	-	-	-	-	-
Change in Other Net Operating Assets	-37.58	-8.02	31.79	7.22	16.44	-73.94
Operating Cash Flow	54.37	24.92	30.55	-24.14	7.66	39.38
Operating Cash Flow Growth	810.82%	-18.42%	-	-	-80.55%	-16.82%
Capital Expenditures	-22.62	-16.71	-7.32	-22.79	-52.9	-15.14
Cash Acquisitions	-	-	-	-	3.1	-
Sale (Purchase) of Intangibles	-3.85	-3.07	-7.89	-5.34	-0.29	-0.15
Other Investing Activities	-	-	-	5.25	2.38	1.07
Investing Cash Flow	-26.47	-19.78	-15.21	-22.88	-47.72	-14.22
Long-Term Debt Issued	-	67.74	14.92	116.68	15.82	25
Long-Term Debt Repaid	-	-29.87	-28.73	-43.01	-8.85	-6
Net Debt Issued (Repaid)	22.19	37.88	-13.82	73.67	6.98	19
Repurchase of Common Stock	-0.53	-0.62	-0.51	-	-	-
Common Dividends Paid	-0.77	-	-	-20.27	-22.27	-11.32
Financing Cash Flow	20.88	37.26	-14.32	53.4	-15.29	7.69
Net Cash Flow	48.78	42.4	1.01	6.37	-55.35	32.85
Free Cash Flow	31.75	8.22	23.23	-46.93	-45.24	24.25
Free Cash Flow Growth	-	-64.64%	-	-	-	-36.87%
Free Cash Flow Margin	5.16%	1.31%	3.76%	-7.38%	-6.71%	4.64%
Free Cash Flow Per Share	0.42	0.11	0.31	-0.62	-0.60	0.32
Cash Interest Paid	9.89	7.8	3.78	2.24	1.59	0.35
Levered Free Cash Flow	0.33	-11.07	-42.67	-54.14	-87.6	-6.29
Unlevered Free Cash Flow	9.97	-2.81	-34.08	-39.55	-79.33	0.84
Change in Working Capital	2.14	-4.28	-1.01	-54.2	-86.61	-74.23

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