Grupo Mateus 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	1,833	1,318	1,221	1,052	758.93
Depreciation & Amortization	365.63	376.75	353.39	329.17	264.96
Loss (Gain) From Sale of Assets	-210.54	-	-	-	-
Asset Writedown & Restructuring Costs	-	1.13	7.24	1.09	10.12
Provision & Write-off of Bad Debts	437.67	54.82	21.19	16.19	8.34
Other Operating Activities	13.87	686.67	323.17	225.73	135.39
Change in Accounts Receivable	-538.03	3.68	-924.32	-748.18	-519.14
Change in Inventory	235.93	-959.55	-1,113	-510.28	-882.18
Change in Accounts Payable	601.62	39.36	1,031	951.99	111.98
Change in Income Taxes	-1,003	-169.24	-113.78	-374.85	-7.71
Change in Other Net Operating Assets	223.19	109.18	148.76	34.51	15.06
Operating Cash Flow	1,960	1,461	954.38	977.78	-104.26
Operating Cash Flow Growth	34.13%	53.08%	-2.39%	-	-
Capital Expenditures	-1,115	-1,237	-1,180	-868.37	-1,432
Sale of Property, Plant & Equipment	121.69	158.51	155.18	269.4	-
Sale (Purchase) of Intangibles	-29.74	-31.73	-32.33	-2.16	-2.84
Investment in Securities	145.15	-23.07	-18.61	1.54	11.89
Investing Cash Flow	-878.3	-1,133	-1,076	-599.59	-1,423
Long-Term Debt Issued	391.78	962.08	86.6	944.51	533.33
Long-Term Debt Repaid	-1,150	-851.2	-473.33	-409.82	-241.5
Net Debt Issued (Repaid)	-758.68	110.88	-386.73	534.69	291.83
Issuance of Common Stock	12.93	-	-	-	-
Repurchase of Common Stock	-33.21	-10.82	-7.47	-	-
Common Dividends Paid	-145.54	-81.05	-	-	-
Other Financing Activities	-19.29	28.23	9.36	5.51	0.71
Financing Cash Flow	-943.79	47.24	-384.83	540.2	292.54
Net Cash Flow	137.55	375.03	-506.51	918.39	-1,235
Free Cash Flow	844.24	224.07	-225.91	109.41	-1,537
Free Cash Flow Growth	276.77%	-	-	-	-
Free Cash Flow Margin	2.20%	0.70%	-0.84%	0.50%	-9.68%
Free Cash Flow Per Share	0.38	0.10	-0.10	0.05	-0.70
Cash Interest Paid	107.12	179.05	143.17	69.73	10.83
Cash Income Tax Paid	306.71	-	-	-	-
Levered Free Cash Flow	877.11	-662.25	-882.07	-392.4	-2,024
Unlevered Free Cash Flow	1,644	-370.77	-629.92	-233.9	-1,856
Change in Working Capital	-479.91	-976.56	-971.47	-646.81	-1,282

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.