BVMF:LPSB3 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	44.2	18.59	23.49	11.96	43.79
Depreciation & Amortization	19.6	8.66	8.76	9.76	16.45
Other Amortization	-	10.78	8.47	5.97	-
Loss (Gain) From Sale of Assets	0.19	0.39	-0.47	-2.32	4.61
Loss (Gain) on Equity Investments	-2.89	-4.22	-4.17	-5.25	-3.59
Stock-Based Compensation	0.81	1.8	2.69	3.36	5
Provision & Write-off of Bad Debts	2.63	0.94	1.46	1.77	-1.23
Other Operating Activities	6	24.66	20.13	14.94	3.63
Change in Accounts Receivable	0.02	-1.88	-3.92	-6.46	-1.4
Change in Accounts Payable	1.83	1.1	-0.63	-2.62	1.39
Change in Income Taxes	-1.08	2.96	3.76	0.29	-6.26
Change in Other Net Operating Assets	-16.82	-13.12	-7.9	-15.85	-24.19
Operating Cash Flow	54.48	50.65	51.68	15.55	38.2
Operating Cash Flow Growth	7.56%	-1.99%	232.26%	-59.28%	-21.52%
Capital Expenditures	-11.85	-16.11	-16.24	-24.57	-31.58
Investment in Securities	-1.26	12.98	-3.58	37.26	44.87
Investing Cash Flow	-13.11	-3.14	-19.82	12.69	13.3
Short-Term Debt Repaid	-	-	-	-	-2
Long-Term Debt Repaid	-6.18	-6.38	-6.62	-7.09	-5.91
Total Debt Repaid	-6.18	-6.38	-6.62	-7.09	-7.91
Net Debt Issued (Repaid)	-6.18	-6.38	-6.62	-7.09	-7.91
Issuance of Common Stock	0.69	1.16	0.59	-	-
Repurchase of Common Stock	-	-	-	-10.84	-19.07
Common Dividends Paid	-42.05	-20.79	-16.94	-30.15	-18.15
Other Financing Activities	-	-	-	0.58	3.23
Financing Cash Flow	-47.54	-26.02	-22.98	-47.51	-41.9
Net Cash Flow	-6.17	21.5	8.89	-19.26	9.59
Free Cash Flow	42.63	34.54	35.44	-9.02	6.62
Free Cash Flow Growth	23.42%	-2.53%	-	-	-64.22%
Free Cash Flow Margin	20.99%	17.96%	19.46%	-4.62%	2.97%
Free Cash Flow Per Share	0.31	0.25	0.26	-0.07	0.05
Cash Interest Paid	-	0.07	0.19	0.22	0.81
Cash Income Tax Paid	-	13.07	14.52	14.88	15.16
Levered Free Cash Flow	28.33	36.25	32.08	-10.38	14.23
Unlevered Free Cash Flow	36.79	36.26	32.08	-10.28	34.76
Change in Working Capital	-16.06	-10.95	-8.68	-24.64	-30.46

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