BVMF:EQPA7 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	1,648	1,976	2,226	1,556	1,026	718.54
Depreciation & Amortization	529.74	424.9	439.07	380.41	365.3	312.04
Loss (Gain) on Sale of Investments	-380.69	-303.92	-377.41	-123.45	-326.94	-134.79
Asset Writedown	36.67	-6.49	-27.69	101.18	66.59	47.26
Restructuring Activities	20.82	20.82	20.83	20.81	20.81	-
Change in Accounts Receivable	-417.27	-265.69	-412.56	-114.56	-365.84	-59.48
Change in Inventory	-16.2	-7.17	58.92	23.8	-77.81	-10.64
Change in Accounts Payable	64.45	-70.22	-27.91	-152.67	336.16	89.19
Change in Income Taxes	19.26	-50.46	-315.25	-561.24	208.86	56.27
Change in Other Net Operating Assets	-310.38	-358.1	108.95	446.74	379.66	126.06
Other Operating Activities	396.04	558.16	162.14	-41.4	-733.71	221.7
Operating Cash Flow	1,920	2,233	2,063	1,702	1,065	1,578
Operating Cash Flow Growth	-12.90%	8.26%	21.21%	59.76%	-32.50%	60.06%
Sale (Purchase) of Intangibles	-3,085	-2,311	-2,247	-1,827	-1,111	-377.03
Investment in Securities	257.67	-1,348	507.25	146.26	228.4	-325.34
Other Investing Activities	1,178	1,765	816.68	356.47	95.42	-
Investing Cash Flow	-1,650	-1,893	-923.4	-1,324	-786.9	-702.37
Short-Term Debt Issued	-	-	-	130	130	-
Long-Term Debt Issued	-	2,715	-	3,163	678.68	440
Total Debt Issued	4,965	2,715	-	3,293	808.68	440
Short-Term Debt Repaid	-	-	-	-	-10	-
Long-Term Debt Repaid	-	-371.6	-726.21	-1,767	-1,047	-43.61
Total Debt Repaid	-1,063	-371.6	-726.21	-1,767	-1,057	-43.61
Net Debt Issued (Repaid)	3,902	2,344	-726.21	1,526	-247.96	396.39
Common Dividends Paid	-1,678	-1,678	-325.97	-1,951	-905.47	-618.28
Other Financing Activities	-27.46	-29.74	33.87	94.01	91.43	-47.35
Financing Cash Flow	2,196	636.05	-1,018	-330.76	-1,062	-269.23
Net Cash Flow	2,467	976.08	121.27	46.84	-783.61	606.65
Cash Interest Paid	579.88	415.47	527.1	362.53	239.3	165.79
Cash Income Tax Paid	162.47	176.68	40.03	-	-	-
Levered Free Cash Flow	-1,594	-494.25	-391.27	235.91	458.6	219.03
Unlevered Free Cash Flow	-1,255	-252.77	-133.92	450.72	605.21	664.54
Change in Working Capital	-660.14	-751.64	-587.84	-357.93	481.03	201.4

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