BVMF:MNDL3 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	-24.36	3.82	-6.83	881.99	-572.64	-8.96	Upgrade
Depreciation & Amortization	15.55	14.64	15.02	15.42	13.45	10.9	Upgrade
Other Amortization	0.68	0.9	0.92	-	1.01	1.12	Upgrade
Asset Writedown & Restructuring Costs	34.24	23.53	28.45	68.15	7.92	8.1	Upgrade
Other Operating Activities	-6.37	-3.54	-13.9	-931.77	590.57	-1.85	Upgrade
Change in Accounts Receivable	-13.74	-32.64	-67.92	-11.04	-21.57	-31.31	Upgrade
Change in Inventory	-17.14	-31.14	7.81	-36.55	-80.54	-9.01	Upgrade
Change in Accounts Payable	11.57	3.83	20.2	-10.85	4.83	18.03	Upgrade
Change in Income Taxes	-45.27	-13.72	-2.27	-22.45	-2.88	49.63	Upgrade
Change in Other Net Operating Assets	33.93	-11.86	-14.37	-19.21	-24.99	-19.11	Upgrade
Operating Cash Flow	-10.91	-46.16	-32.89	-66.32	-84.85	17.55	Upgrade
Capital Expenditures	-33.83	-33.42	-19.86	-19.83	-17.49	-7.61	Upgrade
Sale (Purchase) of Intangibles	-2.02	-	-	-0.19	0.12	0.05	Upgrade
Investment in Securities	-	10.37	-	6.39	-	-	Upgrade
Investing Cash Flow	-35.85	-23.05	-19.86	-13.63	-17.38	-7.56	Upgrade
Long-Term Debt Issued	-	449.86	375.39	377.11	306.68	195.08	Upgrade
Long-Term Debt Repaid	-	-297.72	-243.89	-229.79	-167.47	-178.4	Upgrade
Net Debt Issued (Repaid)	156.37	152.15	131.5	147.32	139.21	16.68	Upgrade
Other Financing Activities	-109.24	-82.74	-79.78	-69.14	-36.55	-24.98	Upgrade
Financing Cash Flow	47.14	69.41	51.72	78.18	102.66	-8.3	Upgrade
Net Cash Flow	0.39	0.2	-1.04	-1.77	0.44	1.68	Upgrade
Free Cash Flow	-44.73	-79.59	-52.76	-86.15	-102.34	9.94	Upgrade
Free Cash Flow Margin	-4.48%	-8.21%	-6.31%	-11.32%	-14.81%	1.93%	Upgrade
Free Cash Flow Per Share	-4.51	-8.02	-5.32	-8.69	-10.32	1.00	Upgrade
Cash Interest Paid	27.53	82.74	79.78	69.14	36.55	24.98	Upgrade
Levered Free Cash Flow	-90.72	-137.25	-31.6	-1,073	477.02	11.38	Upgrade
Unlevered Free Cash Flow	14.72	-65.97	35.13	-1,073	510.56	38.22	Upgrade
Change in Working Capital	-30.63	-85.51	-56.56	-100.1	-125.15	8.24	Upgrade

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