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 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	-217.19	-172.24	-1,155	-361	-150.57	667.21
Depreciation & Amortization	103.61	86.32	61.88	47.46	31.62	27.57
Other Amortization	5.04	5.04	0.96	-	-	-
Loss (Gain) From Sale of Assets	3.87	19.28	16.72	-1.32	-2.68	-33.89
Asset Writedown & Restructuring Costs	-48.11	-48.11	-	14.42	-40.86	-
Loss (Gain) From Sale of Investments	-	-	-	6.46	-4.36	3.22
Provision & Write-off of Bad Debts	1.6	11.54	-1.02	7.17	-5.49	-1.87
Other Operating Activities	-20.53	-249.1	795.93	56.1	-135.25	15.81
Change in Accounts Receivable	81.73	0.98	322.48	-177.47	-49.48	-131.45
Change in Inventory	604.76	577.2	-397.54	236.9	-55.7	-926.88
Change in Accounts Payable	-872.5	-731.85	646.8	244.8	861.95	41.05
Change in Unearned Revenue	-15.1	57.72	-56.69	10.47	82.41	36.95
Change in Income Taxes	141.59	223.24	-19.35	-3.64	11.36	49.77
Change in Other Net Operating Assets	149.27	189.58	16.08	47.64	-105.1	92.07
Operating Cash Flow	-81.97	-30.42	231.5	127.98	437.84	-160.45
Operating Cash Flow Growth	-	-	80.89%	-70.77%	-	-
Capital Expenditures	-35.11	-41.06	-130.2	-148.13	-65.18	-80.86
Sale of Property, Plant & Equipment	-	-	-	-	-	2.61
Sale (Purchase) of Intangibles	0.44	-	-21.02	-	-	-0.03
Other Investing Activities	-13.57	-13.57	-	-	40.86	-
Investing Cash Flow	-48.24	-54.63	-151.22	-148.13	-24.32	-78.28
Long-Term Debt Issued	-	271.31	133.53	93.36	2,767	3,011
Long-Term Debt Repaid	-	-184.13	-156.34	-94.66	-3,149	-2,782
Net Debt Issued (Repaid)	57.77	87.18	-22.81	-1.31	-381.78	229.4
Financing Cash Flow	57.77	87.18	-22.81	-1.31	-381.78	229.4
Net Cash Flow	-72.44	2.14	57.47	-21.46	31.75	-9.32
Free Cash Flow	-117.08	-71.47	101.3	-20.16	372.66	-241.31
Free Cash Flow Margin	-3.15%	-1.75%	2.20%	-0.38%	6.57%	-5.62%
Free Cash Flow Per Share	-2.17	-1.33	1.88	-0.37	6.92	-4.48
Cash Interest Paid	-	-	3.28	1.57	113.41	72.5
Cash Income Tax Paid	-	-	-	-	47.96	134.17
Levered Free Cash Flow	-107.7	-222.85	581.66	145.79	301.63	-453.2
Unlevered Free Cash Flow	-107.7	-216.8	584.22	154.13	482.6	-360.01
Change in Working Capital	89.76	316.87	511.78	358.69	745.43	-838.49

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