MRS Logística 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	1,555	1,416	1,200	874.18	699.58
Depreciation & Amortization	1,114	975.52	887.34	1,055	1,049
Other Amortization	105.83	94.03	66.1	31.64	31.01
Loss (Gain) From Sale of Assets	58.49	54.66	40.21	29.98	-1.6
Asset Writedown & Restructuring Costs	12.39	-21.92	17.74	-2.31	115.82
Provision & Write-off of Bad Debts	6.73	1.39	-0.53	-0.34	1.46
Other Operating Activities	642.67	543.29	731.24	224.02	-87.76
Change in Accounts Receivable	48.24	1.87	108.15	-6.6	-8.29
Change in Inventory	-49.54	-31.41	-58.9	-15.73	-73.18
Change in Accounts Payable	-33.75	-248.4	364.87	-65.3	36.51
Change in Income Taxes	-21.92	13.14	159.35	-141.12	-153.48
Change in Other Net Operating Assets	173.42	-15.45	106.7	-110.89	-37.93
Operating Cash Flow	3,611	2,782	3,622	1,872	1,571
Operating Cash Flow Growth	29.80%	-23.19%	93.48%	19.18%	-21.54%
Capital Expenditures	-2,973	-2,620	-1,719	-1,762	-1,473
Sale of Property, Plant & Equipment	8.5	8.89	6.48	0.45	2.59
Sale (Purchase) of Intangibles	-	-	-225.34	-76.43	-45.32
Investing Cash Flow	-2,964	-2,611	-1,938	-1,838	-1,515
Long-Term Debt Issued	2,913	2,393	2,596	618.07	2,062
Long-Term Debt Repaid	-3,005	-1,520	-1,510	-1,456	-1,385
Net Debt Issued (Repaid)	-92.22	872.79	1,086	-837.64	676.83
Repurchase of Common Stock	-	-	-43.42	-	-
Common Dividends Paid	-322.09	-284.99	-207.62	-166.16	-102.13
Financing Cash Flow	-414.31	587.8	834.7	-1,004	574.7
Net Cash Flow	232.43	758.82	2,519	-969.76	630.13
Free Cash Flow	638.25	162.12	1,903	110.03	98.15
Free Cash Flow Growth	293.68%	-91.48%	1629.70%	12.10%	-91.87%
Free Cash Flow Margin	8.42%	2.31%	29.51%	1.97%	2.22%
Free Cash Flow Per Share	1.89	0.48	5.61	0.32	0.29
Cash Interest Paid	1,009	600.01	530.55	467.12	306.09
Cash Income Tax Paid	277.79	416.31	257.28	385.76	371.93
Levered Free Cash Flow	-558.41	-68.84	458.84	201.4	293.45
Unlevered Free Cash Flow	-91.73	309.88	866.69	201.4	529.7
Change in Working Capital	116.45	-280.25	680.17	-339.63	-236.38

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