BVMF:EVEN3 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	216.29	237.69	42.11	216	104.38	231.21
Depreciation & Amortization	4.41	4.13	4.13	5.26	9.12	8.35
Loss (Gain) From Sale of Investments	-	-	116.07	-	-	-
Loss (Gain) on Equity Investments	-1.28	-24.21	-3.61	-6.25	3.21	-0.24
Other Operating Activities	-56.28	-36.6	696.85	616.31	-13.4	-38.01
Change in Accounts Receivable	-334.15	-263.6	-76.11	-437.61	-32.48	-280.66
Change in Inventory	375.26	572.32	10.99	3.4	-807.47	-791.11
Change in Accounts Payable	15.93	-5.62	-17.65	-2.6	51.42	19.39
Change in Unearned Revenue	-84.52	-57.63	79.42	-171.62	180.37	276.06
Change in Other Net Operating Assets	-201.5	-337.64	-1,034	-679.64	82.67	533.64
Operating Cash Flow	-65.83	88.84	-182.03	-456.76	-422.17	-41.37
Capital Expenditures	-12.56	-	-	-35.5	-4.82	-9.4
Sale of Property, Plant & Equipment	9.38	12.62	6.25	-	-	-
Divestitures	-	-	142.68	-	-	-
Investment in Securities	-39.78	-180.08	8.31	249.19	40.32	67.84
Other Investing Activities	0.54	1.36	23.79	42.28	-	9.78
Investing Cash Flow	-42.42	-166.1	181.02	255.97	35.5	68.22
Long-Term Debt Issued	-	805.87	520.75	588.83	840.55	235.82
Long-Term Debt Repaid	-	-510.08	-400.48	-143.13	-384.19	-378.64
Net Debt Issued (Repaid)	368.07	295.79	120.28	445.7	456.36	-142.81
Repurchase of Common Stock	-24.61	-20.38	-28.42	-	-	-
Common Dividends Paid	-150	-149.99	-229.54	-81	-	-171.78
Other Financing Activities	-84.66	-55.47	127.54	-148.06	-79.86	-30.01
Financing Cash Flow	108.8	69.96	-10.15	216.64	376.49	-344.6
Net Cash Flow	0.55	-7.3	-11.16	15.85	-10.18	-317.75
Free Cash Flow	-78.39	88.84	-182.03	-492.26	-426.99	-50.77
Free Cash Flow Margin	-4.10%	4.63%	-8.44%	-27.50%	-18.42%	-2.23%
Free Cash Flow Per Share	-0.40	0.45	-0.93	-2.87	-2.02	-0.25
Cash Interest Paid	150.9	136.55	121.56	85.38	49.98	18.36
Cash Income Tax Paid	50.08	49	38.24	30.8	56.95	49.7
Levered Free Cash Flow	396.94	665.07	523.45	-818.1	-364.7	-541.93
Unlevered Free Cash Flow	420.02	687.18	546.65	-781.29	-349.53	-518.16
Change in Working Capital	-228.98	-92.17	-1,038	-1,288	-525.49	-242.68

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