BVMF:LOGG3 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	354.61	343.39	192.18	386.07	368.96
Depreciation & Amortization	6.57	5.67	3.97	1.65	0.83
Other Amortization	1.34	1.47	1.73	3.62	5.18
Gain (Loss) on Sale of Assets	104.04	110.53	159.29	27.35	-9.22
Asset Writedown	-551.51	-439.3	-258.6	-354.02	-299.19
Stock-Based Compensation	4.74	3.95	3.32	3.04	2.16
Income (Loss) on Equity Investments	-7.52	-6.98	-7.11	-12.89	-2.84
Change in Accounts Receivable	259.05	3.56	51.98	-7.56	-6.62
Change in Accounts Payable	-16.12	11.83	15.05	-1.24	28.03
Change in Other Net Operating Assets	-372.72	-93.11	-48.33	-14.56	3.36
Other Operating Activities	187.68	86.68	33.22	100.6	29.81
Operating Cash Flow	-15.03	68.41	157.23	128.77	124.86
Operating Cash Flow Growth	-	-56.49%	22.10%	3.13%	-6.45%
Acquisition of Real Estate Assets	-736.29	-811.77	-545.39	-857.07	-637.67
Sale of Real Estate Assets	-	-	-	312.39	283.08
Net Sale / Acq. of Real Estate Assets	-736.29	-811.77	-545.39	-544.68	-354.59
Investment in Marketable & Equity Securities	135.86	-129.38	108.9	305.45	-364.48
Other Investing Activities	0.31	-3.69	-3.48	-2.74	11.35
Investing Cash Flow	341.38	317.84	266.43	-241.97	-707.73
Long-Term Debt Issued	590.54	564.2	242.01	690.6	686.96
Total Debt Issued	590.54	564.2	242.01	690.6	686.96
Long-Term Debt Repaid	-469.17	-387.88	-176.95	-240.06	-242.39
Total Debt Repaid	-469.17	-387.88	-176.95	-240.06	-242.39
Net Debt Issued (Repaid)	121.37	176.33	65.06	450.55	444.57
Issuance of Common Stock	5.89	6.31	9.79	0.33	77.1
Repurchase of Common Stock	-0.59	-314.95	-3.99	-31.13	-104.99
Common Dividends Paid	-346.14	-220	-91.69	-87.63	-33.24
Other Financing Activities	-313.64	-204.21	-304.04	-128.76	-46.87
Net Cash Flow	-206.77	-170.28	98.78	90.17	-246.29
Cash Interest Paid	295.41	192.05	214.54	139.71	37.77
Cash Income Tax Paid	41.98	33.5	46.87	22.32	17.68
Levered Free Cash Flow	-227.16	28.66	-275.22	-45.59	184.42
Unlevered Free Cash Flow	-68.39	132.24	-165.23	46.52	214.34
Change in Working Capital	-115.75	-37.79	28.51	-27.77	29.36

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