ISA Energía Brasil Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	2,925	3,498	2,841	2,262	3,019	3,362
Depreciation & Amortization	49.45	54.42	43.51	47.22	37.62	14.38
Other Amortization	5.27	2.8	1.23	-	1.13	-
Loss (Gain) on Sale of Assets	-	-	-	-7.45	-	-
Loss (Gain) on Equity Investments	-639.93	-584.58	-489.32	-510.89	-518.55	-472.53
Asset Writedown	0.32	2.82	-0.08	0.04	1.71	0.7
Change in Accounts Receivable	5,167	5,205	4,740	3,877	4,068	3,564
Change in Accounts Payable	22.23	3.83	62.12	27.61	-63.53	-14.43
Change in Income Taxes	-488.85	-384.58	-454.51	-10.8	-334.08	167.05
Change in Other Net Operating Assets	-163.41	89.93	-520.14	-224.36	-250.22	-247.34
Other Operating Activities	-7,990	-8,070	-5,644	-4,870	-5,081	-5,019
Operating Cash Flow	-1,113	-181.48	579.78	591.07	879.72	1,355
Operating Cash Flow Growth	-	-	-1.91%	-32.81%	-35.09%	3.86%
Capital Expenditures	-26.7	-35.89	-36.48	-27.06	-3.19	-7.52
Cash Acquisitions	-	-	-	-	30.36	-
Sale (Purchase) of Intangibles	-13.94	-7.51	-9.49	-7.06	-11.67	-5.51
Investment in Securities	895.28	1,149	-504.86	-204.15	-1,934	-198.3
Other Investing Activities	616.47	211.8	254.5	147.8	90.07	19.69
Investing Cash Flow	1,471	1,318	-296.33	-90.46	-1,829	-191.64
Long-Term Debt Issued	-	4,117	2,467	926.96	2,823	2,256
Long-Term Debt Repaid	-	-575.23	-1,326	-827.11	-757.02	-1,277
Net Debt Issued (Repaid)	2,644	3,541	1,141	99.85	2,065	978.89
Common Dividends Paid	-1,336	-1,239	-597.76	-97.73	-2,656	-747.37
Other Financing Activities	-1,010	-769.74	-917.9	-448.84	-244.64	76.2
Financing Cash Flow	297.73	1,533	-374.16	-446.72	-835.63	307.72
Net Cash Flow	655.77	2,669	-90.7	53.89	-1,785	1,471
Free Cash Flow	-1,140	-217.37	543.3	564.01	876.53	1,348
Free Cash Flow Growth	-	-	-3.67%	-35.65%	-34.97%	4.77%
Free Cash Flow Margin	-12.77%	-2.73%	8.74%	10.35%	15.84%	36.46%
Free Cash Flow Per Share	-1.73	-0.33	0.82	0.86	1.33	2.04
Cash Interest Paid	1,035	772.74	916.09	430.76	262.1	167.14
Cash Income Tax Paid	136.55	422.32	166.23	116.25	477.93	207.48
Levered Free Cash Flow	1,049	2,244	1,696	1,183	1,977	1,915
Unlevered Free Cash Flow	1,798	2,792	2,056	1,797	2,173	2,278
Change in Working Capital	4,537	4,915	3,827	3,670	3,420	3,470

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.