Enjoei 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	-17.59	-16.79	-23.94	-52.97	-66.52	-118.79
Depreciation & Amortization	8.2	7.88	7.36	24.96	17.8	10.48
Other Amortization	31.68	31.68	28.73	-	-	-
Asset Writedown & Restructuring Costs	1.12	0.89	0.33	0.16	0.09	2.02
Loss (Gain) on Equity Investments	-1.65	-3.9	-7.14	-	-	-
Stock-Based Compensation	0.58	0.7	3.29	10.69	21.54	46.07
Other Operating Activities	-7.21	-1.58	0.38	0.84	0.77	0.97
Change in Accounts Receivable	-92.54	-59.98	-3.24	1.39	-4.43	-16
Change in Inventory	-0.19	-0.15	-	-	-	-
Change in Accounts Payable	1.53	6.99	0.21	-0.52	-4.35	5.37
Change in Unearned Revenue	12.95	8.43	1.26	-0.32	2.84	2.6
Change in Income Taxes	-0.95	-1.45	0.87	0.32	-0.26	-5.15
Change in Other Net Operating Assets	61.8	50.43	-3.53	5.38	-1.11	4.43
Operating Cash Flow	-2.88	23.17	4.58	-10.07	-33.62	-68
Operating Cash Flow Growth	-	405.90%	-	-	-	-
Capital Expenditures	-0.4	-0.64	-11.15	-0.6	-1.03	-2.08
Cash Acquisitions	-	-	-	1.64	-	-
Sale (Purchase) of Intangibles	-19.27	-22.17	-35.69	-37.52	-37.73	-33.02
Investment in Securities	34.81	30.03	-25	-	-	-
Other Investing Activities	-15.67	-15.67	5.33	-	-	-
Investing Cash Flow	-0.53	-8.46	-66.51	-36.49	-38.76	-35.11
Long-Term Debt Repaid	-	-3.16	-2.23	-2.12	-2.32	-1.19
Net Debt Issued (Repaid)	-3.31	-3.16	-2.23	-2.12	-2.32	-1.19
Issuance of Common Stock	-	-	1.27	1.27	1.27	1.27
Other Financing Activities	-	-	-	-	-	-1.13
Financing Cash Flow	-3.31	-3.16	-0.97	-0.85	-1.06	-1.06
Net Cash Flow	-6.72	11.55	-62.89	-47.41	-73.44	-104.17
Free Cash Flow	-3.27	22.52	-6.57	-10.67	-34.66	-70.09
Free Cash Flow Margin	-1.23%	8.53%	-2.48%	-5.48%	-24.95%	-66.03%
Free Cash Flow Per Share	-	0.11	-0.03	-0.05	-0.17	-0.36
Levered Free Cash Flow	-48.08	-28.92	-39.61	-28	-74.21	-72.37
Unlevered Free Cash Flow	-41.22	-20.17	-31.16	-18.64	-67.02	-68.93
Change in Working Capital	-17.41	4.28	-4.43	6.26	-7.3	-8.76

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