Electro Aço Altona 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	105.88	66.54	49.31	37	36.31	25.24
Depreciation & Amortization	22.94	23.63	20.48	16.88	12.94	10.77
Other Amortization	0.74	0.36	0.39	0.35	-	-
Asset Writedown & Restructuring Costs	2.76	2.71	7.23	2.13	1	-0.32
Loss (Gain) on Equity Investments	-0.06	0.51	-	-	-	-
Provision & Write-off of Bad Debts	-	-	-	0.05	0.27	-0.18
Other Operating Activities	15.75	18.62	10.71	10.74	10.26	13.84
Change in Accounts Receivable	29.9	-13.39	-24.16	12.34	-30.61	4.65
Change in Inventory	7.24	-20.67	-10.49	-8.77	-24.93	-4.35
Change in Accounts Payable	-0.73	3.94	-5.32	-2.87	17.54	1.49
Change in Income Taxes	-66.34	-9.92	-9.25	14.62	10.97	-9.85
Change in Other Net Operating Assets	-30.63	5.83	15.08	-2.87	9.93	15.31
Operating Cash Flow	87.46	78.16	53.98	79.6	43.66	56.61
Operating Cash Flow Growth	47.54%	44.81%	-32.19%	82.32%	-22.87%	-
Capital Expenditures	-42.62	-30.35	-31.63	-69.25	-57.26	-17.27
Investment in Securities	-7.94	-7.65	-2.59	0.2	0.22	-17.58
Other Investing Activities	1.11	0.96	1.81	-1.19	-1.03	1.06
Investing Cash Flow	-49.45	-37.04	-32.41	-70.24	-58.07	-33.79
Long-Term Debt Issued	-	54.21	88.78	89.22	117.46	78.06
Long-Term Debt Repaid	-	-87.27	-96.4	-98.77	-88.36	-81.84
Net Debt Issued (Repaid)	-22.09	-33.06	-7.62	-9.55	29.11	-3.78
Common Dividends Paid	-	-	-	-	-9.14	-2.46
Other Financing Activities	-16.06	-16.06	-11.66	-9.89	-4.42	-
Financing Cash Flow	-38.15	-49.12	-19.28	-19.44	15.55	-6.24
Miscellaneous Cash Flow Adjustments	6	6	-0	-	-	-
Net Cash Flow	5.86	-2	2.29	-10.09	1.13	16.58
Free Cash Flow	44.85	47.82	22.35	10.35	-13.61	39.34
Free Cash Flow Growth	35.81%	113.92%	116.02%	-	-	-
Free Cash Flow Margin	7.75%	8.47%	4.51%	2.10%	-3.52%	15.63%
Free Cash Flow Per Share	1.99	2.13	0.99	0.46	-0.60	1.75
Levered Free Cash Flow	12.35	13.69	-6.15	-5.45	-41.74	-10.98
Unlevered Free Cash Flow	24.29	26.71	5.89	-0.58	-35.81	-1.04
Change in Working Capital	-60.54	-34.21	-34.14	12.45	-17.11	7.25

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.