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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	58.45	91.04	66.54	49.31	37	36.31
Depreciation & Amortization	22.27	22.59	23.63	20.87	16.88	12.94
Other Amortization	0.53	0.53	0.36	-	0.35	-
Asset Writedown & Restructuring Costs	0.96	0.6	2.71	7.23	2.13	1
Loss (Gain) on Equity Investments	0.14	-	0.51	-	-	-
Provision & Write-off of Bad Debts	-0	-0	-	-	0.05	0.27
Other Operating Activities	-9.44	-14.66	18.62	10.71	10.74	10.26
Change in Accounts Receivable	22.48	37.55	-13.4	-24.16	12.34	-30.61
Change in Inventory	-7.69	-0.23	-20.67	-10.49	-8.77	-24.93
Change in Accounts Payable	4.13	2.65	3.94	-5.32	-2.87	17.54
Change in Income Taxes	-20.71	-55.02	-9.92	-9.25	14.62	10.97
Change in Other Net Operating Assets	-1.03	-3.67	5.83	15.08	-2.87	9.93
Operating Cash Flow	70.11	81.38	78.16	53.98	79.6	43.66
Operating Cash Flow Growth	-18.11%	4.12%	44.81%	-32.19%	82.32%	-22.87%
Capital Expenditures	-42.24	-45.47	-30.35	-31.63	-69.25	-57.26
Investment in Securities	-9.46	-8.87	-7.65	-2.59	0.2	0.22
Other Investing Activities	3.83	1.91	0.96	1.81	-1.19	-1.03
Investing Cash Flow	-47.87	-52.43	-37.04	-32.41	-70.24	-58.07
Long-Term Debt Issued	-	102.43	60.21	88.78	89.22	117.46
Long-Term Debt Repaid	-	-114.23	-87.27	-96.4	-98.77	-88.36
Net Debt Issued (Repaid)	-11.78	-11.8	-27.06	-7.62	-9.55	29.11
Common Dividends Paid	-	-	-	-	-	-9.14
Other Financing Activities	0.07	-	-16.06	-11.66	-9.89	-4.42
Financing Cash Flow	-11.71	-11.8	-43.12	-19.28	-19.44	15.55
Net Cash Flow	10.53	17.16	-2	2.29	-10.09	1.13
Free Cash Flow	27.87	35.92	47.82	22.35	10.35	-13.61
Free Cash Flow Growth	-47.20%	-24.89%	113.93%	116.01%	-	-
Free Cash Flow Margin	5.13%	6.46%	8.47%	4.51%	2.10%	-3.52%
Free Cash Flow Per Share	-	1.60	2.13	0.99	0.46	-0.60
Levered Free Cash Flow	11.59	21.63	13.5	-6.24	-5.45	-41.74
Unlevered Free Cash Flow	22.05	32.2	26.52	7.51	-0.58	-35.81
Change in Working Capital	-2.81	-18.72	-34.21	-34.14	12.45	-17.11

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