MBRF Global Foods Company 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	358.23	2,795	-1,518	4,166	4,342
Depreciation & Amortization	7,017	7,198	6,740	5,333	1,563
Other Amortization	216.09	-	-	-	-
Asset Writedown & Restructuring Costs	-3.52	-1.63	-191.57	-40.25	-
Loss (Gain) on Equity Investments	-10.98	34.59	63.5	64.58	20.46
Provision & Write-off of Bad Debts	90.59	47.07	56.62	11.8	-0.56
Other Operating Activities	5,774	4,211	6,089	3,472	3,479
Change in Accounts Receivable	1,325	2,324	1,988	-498.95	-1,078
Change in Inventory	-1,604	90.95	1,349	4.73	-1,422
Change in Accounts Payable	1,342	-3,874	-1,329	189	684.3
Change in Income Taxes	-413.05	-363.96	1,086	-1,276	-879.76
Change in Other Net Operating Assets	-1,417	-884.34	-1,174	-2,044	21.5
Operating Cash Flow	13,199	17,725	10,238	9,822	9,034
Operating Cash Flow Growth	-25.53%	73.14%	4.23%	8.73%	17.46%
Capital Expenditures	-5,341	-3,793	-3,503	-3,732	-2,105
Cash Acquisitions	-310.93	-	-	4,462	-
Sale (Purchase) of Intangibles	-243.03	-160.06	-168.9	-179.26	-4.35
Investment in Securities	-3,539	-2,607	-2,448	-6,425	-2,556
Investing Cash Flow	-9,433	-6,560	-6,120	-5,874	-4,666
Long-Term Debt Issued	103,977	76,424	49,407	54,194	32,313
Long-Term Debt Repaid	-100,702	-86,891	-57,739	-50,590	-33,034
Net Debt Issued (Repaid)	3,275	-10,467	-8,331	3,605	-720.99
Issuance of Common Stock	-	-	5,760	-	-
Repurchase of Common Stock	-2,050	-1,849	-213.15	-78.77	-656.42
Common Dividends Paid	-3,847	-3,135	-340.76	-	-
Other Financing Activities	-55.29	-110.04	-786.1	-3,003	-3,745
Financing Cash Flow	-2,678	-15,561	-3,911	523.05	-5,122
Foreign Exchange Rate Adjustments	-893.53	2,452	-149.69	172.29	471.53
Net Cash Flow	194.45	-1,944	56.42	4,644	-282.44
Free Cash Flow	7,858	13,932	6,735	6,091	6,929
Free Cash Flow Growth	-43.59%	106.87%	10.57%	-12.10%	9.73%
Free Cash Flow Margin	4.79%	9.34%	5.09%	4.86%	8.12%
Free Cash Flow Per Share	7.82	15.42	10.50	9.35	10.24
Levered Free Cash Flow	5,320	996.07	5,702	1,969	4,460
Unlevered Free Cash Flow	9,442	4,551	9,076	4,081	5,550
Change in Working Capital	-767.73	-2,708	1,920	-3,625	-2,674

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