BVMF:MELK3 Cash Flow Statement

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	123.67	112.06	71.37	103.89	84.38	82.94
Depreciation & Amortization	5.01	4.32	4.13	4.57	3.93	4.71
Loss (Gain) on Equity Investments	-3.25	-6.61	-11.39	-7.94	0.56	-
Other Operating Activities	49.88	35.16	28.02	25.47	49.28	18.25
Change in Accounts Receivable	-275.97	-173.6	-105.36	-268.08	-126	-185.97
Change in Inventory	-64.39	-103.51	67.83	208.74	-266.53	-258.99
Change in Accounts Payable	-15.13	-10.49	-10.38	25.55	-14	26.22
Change in Other Net Operating Assets	-56.78	5.09	75.27	-107.4	139.66	176.5
Operating Cash Flow	-236.96	-137.59	119.5	-15.22	-128.72	-136.35
Capital Expenditures	-9.86	-8.28	-4.76	-2.93	-2.86	-12.75
Cash Acquisitions	-	-	-42.89	-3.02	-8.4	-3.1
Investment in Securities	62.88	213.69	-6.84	-8.1	49.41	306.92
Other Investing Activities	-	-	-	-	-	-1.75
Investing Cash Flow	53.02	205.4	-54.49	-14.06	38.15	289.32
Long-Term Debt Issued	-	440.4	198.55	222.29	175.73	5.59
Long-Term Debt Repaid	-	-240.25	-124.79	-107.13	-23.27	-74.8
Net Debt Issued (Repaid)	304.83	200.15	73.76	115.16	152.46	-69.22
Repurchase of Common Stock	-10.54	-150	-	-	-	-31.69
Common Dividends Paid	-115	-115	-81.42	-124.58	-31.36	-68.32
Other Financing Activities	14.97	-2.54	-53.79	24.21	-30.61	25.9
Financing Cash Flow	194.26	-67.39	-61.45	14.79	90.49	-143.33
Net Cash Flow	10.31	0.43	3.56	-14.48	-0.08	9.65
Free Cash Flow	-246.82	-145.87	114.74	-18.15	-131.57	-149.09
Free Cash Flow Margin	-20.36%	-13.06%	11.15%	-1.53%	-12.78%	-19.32%
Free Cash Flow Per Share	-	-0.69	0.55	-0.09	-0.64	-0.73
Cash Interest Paid	53.14	53.14	30.94	20.2	10.03	4.84
Cash Income Tax Paid	29.84	29.84	25.79	25.37	23.16	13.76
Levered Free Cash Flow	-80.55	-13.63	144.56	-90.37	-212.04	-161.21
Unlevered Free Cash Flow	-73.95	-12.18	144.6	-90.31	-212	-158.17
Change in Working Capital	-412.27	-282.51	27.36	-141.2	-266.87	-242.24

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