Fertilizantes Heringer 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	-640.87	-1,155	-361	-150.57	667.21	-199.18
Depreciation & Amortization	82.43	62.12	47.46	31.62	27.57	27.88
Loss (Gain) From Sale of Assets	31.76	16.72	-1.32	-2.68	-33.89	-0.66
Asset Writedown & Restructuring Costs	-30.38	-	14.42	-40.86	-	-
Loss (Gain) From Sale of Investments	-9.16	-9.16	6.46	-4.36	3.22	-0.74
Provision & Write-off of Bad Debts	10.09	8.14	7.17	-5.49	-1.87	-1.1
Other Operating Activities	289.42	796.67	56.1	-135.25	15.81	85.28
Change in Accounts Receivable	167.46	322.48	-177.47	-49.48	-131.45	-12.23
Change in Inventory	118.27	-397.54	236.9	-55.7	-926.88	-236.87
Change in Accounts Payable	-609.39	646.8	244.8	861.95	41.05	161.84
Change in Unearned Revenue	183.48	-56.69	10.47	82.41	36.95	13.64
Change in Income Taxes	80.25	-19.35	-3.64	11.36	49.77	54.07
Change in Other Net Operating Assets	158.44	16.05	47.64	-105.1	92.07	6.34
Operating Cash Flow	-164.79	231.5	127.98	437.84	-160.45	-101.74
Operating Cash Flow Growth	-	80.89%	-70.77%	-	-	-
Capital Expenditures	-69	-151.22	-148.13	-65.18	-80.86	-26.25
Sale of Property, Plant & Equipment	-	-	-	-	2.61	2.2
Sale (Purchase) of Intangibles	-	-	-	-	-0.03	-0.1
Other Investing Activities	-8.05	-	-	40.86	-	-
Investing Cash Flow	-77.05	-151.22	-148.13	-24.32	-78.28	-24.15
Long-Term Debt Issued	-	133.53	93.36	2,767	3,011	1,776
Long-Term Debt Repaid	-	-156.34	-94.66	-3,149	-2,782	-1,630
Net Debt Issued (Repaid)	14.25	-22.81	-1.31	-381.78	229.4	145.82
Financing Cash Flow	14.25	-22.81	-1.31	-381.78	229.4	145.82
Net Cash Flow	-227.59	57.47	-21.46	31.75	-9.32	19.94
Free Cash Flow	-233.79	80.28	-20.16	372.66	-241.31	-127.99
Free Cash Flow Margin	-5.18%	1.74%	-0.38%	6.57%	-5.62%	-5.78%
Free Cash Flow Per Share	-4.34	1.49	-0.37	6.92	-4.48	-2.38
Cash Interest Paid	-	3.28	1.57	113.41	72.5	37.27
Cash Income Tax Paid	-	-	-	47.96	134.17	-
Levered Free Cash Flow	-231.2	581.43	145.79	301.63	-453.2	-81.85
Unlevered Free Cash Flow	-231.2	583.99	154.13	482.6	-360.01	25.71
Change in Working Capital	98.51	511.75	358.69	745.43	-838.49	-13.21

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