G2D Investments 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	-97.04	-73.39	-119.2	-239.98	457.51
Loss (Gain) From Sale of Investments	77.75	53.04	97.73	223.66	-522.84
Other Operating Activities	-8.27	86.92	-33.57	-48.27	-81.52
Change in Accounts Payable	-0.33	-0.79	-0.97	-6.78	-0.23
Change in Other Net Operating Assets	-0.08	-0.47	0.5	-62.19	54.62
Operating Cash Flow	-27.97	65.31	-55.5	-133.56	-92.46
Investment in Securities	5.23	-5.59	-1.79	52.95	-46.33
Other Investing Activities	-	-	-	-	0.28
Investing Cash Flow	5.23	-5.59	-1.79	52.95	-46.05
Long-Term Debt Issued	33.34	29.21	-	-	68.37
Total Debt Issued	33.34	29.21	-	-	68.37
Long-Term Debt Repaid	-11.33	-82.54	-27.66	-2.42	-71.31
Net Debt Issued (Repaid)	22.01	-53.32	-27.66	-2.42	-2.95
Issuance of Common Stock	-	-	-	71.01	259.17
Other Financing Activities	-2.56	-6.14	-0.83	-4.42	-
Financing Cash Flow	19.45	-59.46	-28.48	64.16	256.22
Foreign Exchange Rate Adjustments	-0.43	0.52	-1.97	-9.02	-2.7
Net Cash Flow	-3.73	0.79	-87.74	-25.46	115.01
Cash Interest Paid	2.56	6.14	-	-	-
Levered Free Cash Flow	-61.4	-46.28	-76.02	-199.66	340.14
Unlevered Free Cash Flow	-57.85	-41.91	-72.11	-197.7	343.67
Change in Working Capital	-0.41	-1.26	-0.47	-68.97	54.4

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