Lupatech 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	-60.18	-31.77	52.65	54.87	-41.34
Depreciation & Amortization	3.77	5.25	6.5	9.51	5.43
Other Amortization	-	0.24	-	-	-
Loss (Gain) From Sale of Assets	-4.3	-56.72	3.92	7.68	-10.52
Asset Writedown & Restructuring Costs	0.78	-12.17	-6.84	-7.61	16.22
Stock-Based Compensation	-	-	-	-	43.61
Provision & Write-off of Bad Debts	0.2	-0.25	-0.02	-0.65	-0.15
Other Operating Activities	26.57	60.46	-57.67	-99.25	7.33
Change in Accounts Receivable	21.27	-17.04	9	-5.68	-1.57
Change in Inventory	1.94	3.3	5.62	4.11	-9.21
Change in Accounts Payable	-9.44	-1.96	-12.63	2.73	-0.1
Change in Income Taxes	14.96	8.72	5.98	-3.8	9.48
Change in Other Net Operating Assets	15.97	7.46	-7.61	13.59	-33.81
Operating Cash Flow	11.55	-34.47	-1.09	-24.52	-14.63
Capital Expenditures	-4.94	-56.99	-0.8	-1.85	-25.8
Sale of Property, Plant & Equipment	5.94	81.02	20.66	6.4	27.33
Sale (Purchase) of Intangibles	-0.1	-0.23	-	-0.06	-0.08
Sale (Purchase) of Real Estate	-	-	-	-	6.43
Other Investing Activities	0.15	0.47	0.23	0.38	-3.97
Investing Cash Flow	1.05	24.27	20.09	4.87	3.91
Long-Term Debt Issued	75.49	135.48	86.11	144.71	108.75
Total Debt Issued	75.49	135.48	86.11	144.71	108.75
Short-Term Debt Repaid	-	-	-	-	-1.04
Long-Term Debt Repaid	-96.55	-143.19	-120.32	-132.59	-103.02
Total Debt Repaid	-96.55	-143.19	-120.32	-132.59	-104.06
Net Debt Issued (Repaid)	-21.06	-7.71	-34.21	12.12	4.69
Issuance of Common Stock	5.33	1.52	21.95	1.52	4.18
Financing Cash Flow	-15.73	-6.19	-12.27	13.64	8.88
Net Cash Flow	-3.13	-16.39	6.74	-6.01	-1.84
Free Cash Flow	6.61	-91.45	-1.9	-26.36	-40.43
Free Cash Flow Margin	12.70%	-74.28%	-2.20%	-23.88%	-43.21%
Free Cash Flow Per Share	0.14	-2.17	-0.05	-0.87	-1.39
Levered Free Cash Flow	-85.55	-103.12	-7.81	36.51	-114.76
Unlevered Free Cash Flow	-52.4	-93.63	4.31	44.95	-100.2
Change in Working Capital	44.7	0.49	0.37	10.95	-35.21

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