JHSF Participações 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	1,894	854.42	452.53	642.28	1,003
Depreciation & Amortization	51	62.6	47.29	62.96	59.01
Other Amortization	443.94	21.88	8.55	1.71	7.54
Asset Writedown & Restructuring Costs	-763.16	-540.91	-577.07	-111.94	-26.24
Loss (Gain) on Equity Investments	-7.77	-14.66	-4.42	-2.65	-3.36
Other Operating Activities	101.92	12.66	296.16	42.87	-146.93
Change in Accounts Receivable	270.23	42.91	14.91	-332.92	-438.05
Change in Inventory	-91.84	-374.26	-350.01	-548.58	-25.52
Change in Accounts Payable	-	-	-	-	-8.96
Change in Unearned Revenue	1,818	171.2	80.29	-47.33	-26.16
Change in Other Net Operating Assets	-63.1	94.15	151.62	78.48	-3.78
Operating Cash Flow	3,653	330	119.86	-215.13	391.02
Operating Cash Flow Growth	1006.99%	175.32%	-	-	125.59%
Capital Expenditures	-873.28	-515.89	-235.22	-561.73	-422.41
Sale (Purchase) of Intangibles	-22.88	-15.33	-16.84	-8.8	-9.36
Investment in Securities	-904.65	237.97	338.33	-182.56	133.26
Other Investing Activities	50.75	-86.67	-41.17	-5.27	-4.92
Investing Cash Flow	-1,750	-379.92	45.1	-758.35	-303.42
Long-Term Debt Issued	2,088	2,131	217.16	1,453	693.05
Long-Term Debt Repaid	-1,270	-1,034	-41.24	-466.02	-398.73
Net Debt Issued (Repaid)	818.12	1,097	175.92	986.64	294.32
Issuance of Common Stock	64.07	-	-	-	5.77
Repurchase of Common Stock	-	-	-	-24.38	-36.63
Common Dividends Paid	-250	-250	-301.99	-141.49	-269.36
Other Financing Activities	-	10.61	10.2	-	-140.11
Financing Cash Flow	632.19	857.8	-115.87	820.78	-146.01
Net Cash Flow	2,535	807.88	49.09	-152.71	-58.42
Free Cash Flow	2,780	-185.89	-115.36	-776.86	-31.39
Free Cash Flow Margin	79.90%	-11.56%	-7.24%	-40.13%	-1.56%
Free Cash Flow Per Share	-	-0.27	-0.17	-1.13	-0.04
Cash Interest Paid	-	397.74	418.14	244.78	57.83
Cash Income Tax Paid	-	3.77	24.19	35.04	47.82
Levered Free Cash Flow	2,583	-567.94	488.39	-1,232	-245.91
Unlevered Free Cash Flow	2,528	-363.32	659.3	-1,020	-132.89
Change in Working Capital	1,933	-65.99	-103.19	-850.35	-502.46

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