BVMF:MTRE3 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	53.75	49.19	90.38	34.83	24.32
Depreciation & Amortization	9.38	8.9	8.09	5.34	5.03
Loss (Gain) From Sale of Assets	-	-	0.65	0.4	5.33
Asset Writedown & Restructuring Costs	12.28	11.09	13.39	12.12	6.45
Loss (Gain) From Sale of Investments	-16.35	2.27	-10.17	21.57	-9.67
Loss (Gain) on Equity Investments	-13.72	-9.44	-1.28	1.01	2.66
Stock-Based Compensation	-	-	-14.2	6.52	5.3
Provision & Write-off of Bad Debts	0.18	0.03	-0.83	0.51	0.14
Other Operating Activities	43.4	43.54	17.94	1.5	15.93
Change in Accounts Receivable	-113.31	-157.64	-178.24	-194.55	-163.88
Change in Inventory	-107.05	6.77	112.19	-179.73	-482.39
Change in Accounts Payable	-28.38	26.63	11.27	15.81	22.66
Change in Income Taxes	0.38	-4.65	-6.98	-4.13	-4.74
Change in Other Net Operating Assets	194.68	-5.71	-117.55	-67.63	58.86
Operating Cash Flow	35.24	-29.05	-75.33	-346.42	-513.98
Sale (Purchase) of Real Estate	-23.93	-0.96	-15.4	-24.53	-9.32
Investment in Securities	0.66	150.17	18.39	107.34	456.26
Other Investing Activities	-2.34	18.77	12.53	22.29	-4.08
Investing Cash Flow	-25.6	167.98	15.52	105.11	442.87
Long-Term Debt Issued	554.04	338.11	289.23	530.44	128.25
Long-Term Debt Repaid	-521.06	-371.74	-139.43	-144.3	-69.93
Net Debt Issued (Repaid)	32.98	-33.63	149.8	386.15	58.32
Common Dividends Paid	-53.99	-26.67	-80.29	-34.64	-59.73
Other Financing Activities	-18.43	-23.61	-25.82	-27.89	-6.25
Financing Cash Flow	-39.45	-83.91	43.69	323.63	-7.66
Net Cash Flow	-29.81	55.03	-16.13	82.31	-78.78
Free Cash Flow	35.24	-29.05	-75.33	-346.42	-513.98
Free Cash Flow Margin	3.34%	-2.46%	-8.13%	-45.66%	-89.54%
Free Cash Flow Per Share	0.33	-0.28	-0.71	-3.27	-4.86
Cash Interest Paid	77.73	69.71	67.88	34.15	5.43
Cash Income Tax Paid	25.02	26.55	19.2	18.21	9.21
Levered Free Cash Flow	-73.99	113.73	-188.79	-204.72	-528.89
Unlevered Free Cash Flow	-72.61	120.06	-177.9	-204.55	-512.9
Change in Working Capital	-53.68	-134.6	-179.31	-430.23	-569.48

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