ISA Energía Brasil 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	2,448	3,498	2,841	2,262	3,019
Depreciation & Amortization	50.47	54.42	44.74	47.22	37.62
Other Amortization	3.01	2.8	-	-	1.13
Loss (Gain) on Sale of Assets	-	-	-	-7.45	-
Loss (Gain) on Equity Investments	-511.05	-584.58	-489.32	-510.89	-518.55
Asset Writedown	0.1	2.82	-0.08	0.04	1.71
Change in Accounts Receivable	5,304	5,205	4,740	3,877	4,068
Change in Accounts Payable	74.34	3.83	62.12	27.61	-63.53
Change in Income Taxes	217.17	-384.58	-454.51	-10.8	-334.08
Change in Other Net Operating Assets	-295.16	89.93	-520.14	-224.36	-250.22
Other Operating Activities	-8,506	-8,070	-5,644	-4,870	-5,081
Operating Cash Flow	-1,216	-181.48	579.78	591.07	879.72
Operating Cash Flow Growth	-	-	-1.91%	-32.81%	-35.09%
Capital Expenditures	-27.6	-35.89	-36.48	-27.06	-3.19
Cash Acquisitions	-	-	-	-	30.36
Sale (Purchase) of Intangibles	-16.85	-7.51	-9.49	-7.06	-11.67
Investment in Securities	-241.82	1,149	-504.86	-204.15	-1,934
Other Investing Activities	660.2	211.8	254.5	147.8	90.07
Investing Cash Flow	373.93	1,318	-296.33	-90.46	-1,829
Long-Term Debt Issued	3,922	4,117	2,467	926.96	2,823
Long-Term Debt Repaid	-1,788	-575.23	-1,326	-827.11	-757.02
Net Debt Issued (Repaid)	2,133	3,541	1,141	99.85	2,065
Common Dividends Paid	-1,701	-1,239	-597.76	-97.73	-2,656
Other Financing Activities	-1,149	-769.74	-917.9	-448.84	-244.64
Financing Cash Flow	-717.12	1,533	-374.16	-446.72	-835.63
Net Cash Flow	-1,559	2,669	-90.7	53.89	-1,785
Free Cash Flow	-1,243	-217.37	543.3	564.01	876.53
Free Cash Flow Growth	-	-	-3.67%	-35.65%	-34.97%
Free Cash Flow Margin	-13.21%	-2.73%	8.74%	10.35%	15.84%
Free Cash Flow Per Share	-1.89	-0.33	0.82	0.86	1.33
Cash Interest Paid	1,154	772.74	916.09	430.76	262.1
Cash Income Tax Paid	225.39	422.32	166.23	116.25	477.93
Levered Free Cash Flow	284.61	2,244	1,404	1,183	1,977
Unlevered Free Cash Flow	1,110	2,792	2,056	1,797	2,173
Change in Working Capital	5,300	4,915	3,827	3,670	3,420

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