Metalfrio Solutions Cash Flow Statement

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	37.63	-16.1	-8.13	-208.75	-63.04
Depreciation & Amortization	78.97	61.78	49.89	54.96	66.86
Other Amortization	-	8.09	7.49	-	-
Asset Writedown & Restructuring Costs	-11.06	-0.02	22.85	3.65	2.22
Loss (Gain) From Sale of Investments	-	-	4.92	106.54	-
Stock-Based Compensation	-	0.27	1.69	-	-
Provision & Write-off of Bad Debts	1.52	0.23	12.11	5.25	3.33
Other Operating Activities	116.13	107.74	123.9	156.16	437.02
Change in Accounts Receivable	1.88	-11.28	-192.89	-83.77	-145.51
Change in Inventory	43.18	-47.2	61.58	-8.68	-147.22
Change in Accounts Payable	-42.21	66.11	128.22	-164.38	-23.37
Change in Income Taxes	-6.66	-14.8	30.97	10.95	3.21
Change in Other Net Operating Assets	-53.8	-19.56	-60.78	-52.14	-46.06
Operating Cash Flow	165.58	135.26	181.83	-180.2	87.46
Operating Cash Flow Growth	22.42%	-25.61%	-	-	-57.10%
Capital Expenditures	-58.65	-92.02	-73.72	-63.8	-60.09
Sale (Purchase) of Intangibles	-19.84	-21.35	-12.1	-7.06	-12.51
Investment in Securities	31.12	-14.41	32.11	33.84	11.16
Other Investing Activities	-10.35	-	-	-	-51.47
Investing Cash Flow	-57.73	-127.78	-53.71	-37.02	-112.91
Long-Term Debt Issued	961.88	1,041	1,504	1,252	1,014
Long-Term Debt Repaid	-1,039	-1,058	-1,528	-1,139	-768.55
Net Debt Issued (Repaid)	-77.51	-17.05	-23.64	113.42	245
Issuance of Common Stock	7.12	0.01	-	-	-
Common Dividends Paid	-	-	-0.35	-	-
Other Financing Activities	-65.08	-50.01	-94.81	-25.46	-63.96
Financing Cash Flow	-135.46	-67.06	-118.81	87.96	181.04
Foreign Exchange Rate Adjustments	21.87	104.26	-1.26	-9.74	-107.39
Net Cash Flow	-5.74	44.68	8.06	-139.01	48.2
Free Cash Flow	106.93	43.24	108.11	-244	27.36
Free Cash Flow Growth	147.30%	-60.00%	-	-	-82.42%
Free Cash Flow Margin	4.45%	1.98%	5.50%	-12.26%	1.34%
Free Cash Flow Per Share	-	7.08	26.32	-59.41	6.66
Cash Interest Paid	-	50.01	81.35	25.61	55.96
Cash Income Tax Paid	-	2.56	4.15	3.42	5.6
Levered Free Cash Flow	45.18	-13.35	-34.19	-368.68	-189.71
Unlevered Free Cash Flow	150.22	48.53	90.07	-119.27	-92.31
Change in Working Capital	-57.61	-26.73	-32.9	-298.01	-358.93

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