Helbor Empreendimentos 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	11.26	56.51	50.85	51.05	100.97
Depreciation & Amortization	14.2	30.75	28.94	23.46	19.36
Other Amortization	0.44	-	-	-	-
Loss (Gain) From Sale of Assets	-26.32	-15.67	45.4	0.22	-11.01
Asset Writedown & Restructuring Costs	-10.42	-4.04	-41.37	-43.28	-18.16
Loss (Gain) From Sale of Investments	6.43	8.94	-	-3.53	-
Loss (Gain) on Equity Investments	-43.72	-58.11	-46.34	-37.97	-23.85
Provision & Write-off of Bad Debts	14.29	-2.83	1.49	7.09	-0.11
Other Operating Activities	519.47	539.32	598.13	334.63	94.47
Change in Accounts Receivable	229.8	15.32	-310.68	-152.1	58.18
Change in Inventory	-237.96	510.7	-164.89	-334.27	94.24
Change in Accounts Payable	43.67	20.64	11.07	-23.68	-8.55
Change in Unearned Revenue	-237.82	-280.51	259.3	-82.18	12.37
Change in Income Taxes	-28.21	-26.54	-25.37	-16.8	-23.26
Change in Other Net Operating Assets	-224.37	-267.58	-308	-293.6	-40.11
Operating Cash Flow	30.74	526.9	98.51	-570.97	254.55
Operating Cash Flow Growth	-94.17%	434.84%	-	-	-
Capital Expenditures	-23.96	-13.54	-13.36	-24.41	-43.25
Sale (Purchase) of Real Estate	3.33	-590.16	-25.9	-	-83.17
Investment in Securities	71.88	-89.35	4.2	-20.79	23.48
Other Investing Activities	-35.03	44.78	-236.34	-55.12	-29.79
Investing Cash Flow	16.22	-648.27	-271.39	-100.32	-132.73
Long-Term Debt Issued	833.17	1,198	1,018	950.34	729.26
Long-Term Debt Repaid	-988.74	-1,159	-943.12	-453.05	-850.98
Net Debt Issued (Repaid)	-155.57	38.71	75.3	497.29	-121.72
Common Dividends Paid	-18.75	-12.08	-12.13	-23.98	-6.3
Other Financing Activities	11.07	192.44	85.43	214.81	26.63
Financing Cash Flow	-163.24	219.07	148.6	688.12	-101.39
Net Cash Flow	-116.28	97.7	-24.28	16.83	20.43
Free Cash Flow	6.78	513.35	85.16	-595.38	211.3
Free Cash Flow Growth	-98.68%	502.82%	-	-	-
Free Cash Flow Margin	0.60%	40.41%	6.67%	-65.68%	22.29%
Free Cash Flow Per Share	0.05	3.87	0.64	-4.49	1.59
Cash Interest Paid	254.07	228.23	249.72	190.17	87.61
Cash Income Tax Paid	28.21	26.54	25.37	16.8	23.26
Levered Free Cash Flow	-568.01	990.58	138.09	-443.69	323.91
Unlevered Free Cash Flow	-538.61	1,047	182.19	-393.27	363.56
Change in Working Capital	-454.89	-27.97	-538.58	-902.64	92.88

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