Enjoei 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	-20.49	-23.94	-52.97	-66.52	-118.79	-31.13
Depreciation & Amortization	-14.26	5.65	3.02	17.8	10.48	6.78
Other Amortization	52.14	28.73	21.94	-	-	-
Asset Writedown & Restructuring Costs	0.9	0.33	0.16	0.09	2.02	0.01
Loss (Gain) on Equity Investments	-6.3	-7.14	-	-	-	-
Stock-Based Compensation	0.83	3.29	10.69	21.54	46.07	11.54
Other Operating Activities	1.64	0.38	0.84	0.77	0.97	1.02
Change in Accounts Receivable	-9.1	-3.24	1.39	-4.43	-16	-
Change in Accounts Payable	10.53	0.21	-0.52	-4.35	5.37	7.72
Change in Unearned Revenue	-0.39	1.26	-0.32	2.84	2.6	-
Change in Income Taxes	0.36	2.58	0.32	-0.26	-5.15	-2.72
Change in Other Net Operating Assets	12.57	-3.18	5.38	-1.11	4.43	-0.49
Operating Cash Flow	28.26	4.92	-10.07	-33.62	-68	-7.27
Capital Expenditures	-0.27	-11.15	-0.6	-1.03	-2.08	-0.96
Cash Acquisitions	20.22	-	1.64	-	-	-
Sale (Purchase) of Intangibles	-25.55	-35.69	-37.52	-37.73	-33.02	-7.67
Investment in Securities	-25	-25	-	-	-	-
Other Investing Activities	4.04	4.99	-	-	-	-
Investing Cash Flow	-26.56	-66.85	-36.49	-38.76	-35.11	-8.63
Long-Term Debt Issued	-	-	-	-	-	7.5
Long-Term Debt Repaid	-	-2.23	-2.12	-2.32	-1.19	-9.78
Net Debt Issued (Repaid)	-2.75	-2.23	-2.12	-2.32	-1.19	-2.28
Issuance of Common Stock	-	1.27	1.27	1.27	1.27	541.01
Other Financing Activities	-	-	-	-	-1.13	-39.23
Financing Cash Flow	-2.75	-0.97	-0.85	-1.06	-1.06	499.51
Net Cash Flow	-1.05	-62.89	-47.41	-73.44	-104.17	483.6
Free Cash Flow	28	-6.22	-10.67	-34.66	-70.09	-8.23
Free Cash Flow Margin	10.46%	-2.35%	-5.48%	-24.95%	-66.03%	-10.34%
Free Cash Flow Per Share	0.14	-0.03	-0.05	-0.17	-0.36	-0.14
Levered Free Cash Flow	-9.27	-41.32	-27.75	-74.21	-72.37	-6.69
Unlevered Free Cash Flow	0.6	-32.87	-18.64	-67.02	-68.93	-3.67
Change in Working Capital	13.8	-2.37	6.26	-7.3	-8.76	4.5

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