BVMF:MTSA4 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	38.86	40.68	30.52	87.28	93.11	53.19
Depreciation & Amortization	15.52	15.99	12.82	12.5	10.13	9.35
Other Amortization	0.03	0.03	-	-	-	-
Asset Writedown & Restructuring Costs	-0.5	-0.31	-1.9	-0.37	-0.71	-1.19
Provision & Write-off of Bad Debts	-1.45	-1.66	0.3	-0.2	-0.75	0.9
Other Operating Activities	-1.92	-4.45	-3.21	-0.26	1.58	2.31
Change in Accounts Receivable	8.7	8.7	-22.63	-	-	-45.79
Change in Inventory	-2.96	-2.96	15.07	-	-	-72.33
Change in Accounts Payable	0.23	0.23	1	-	-	16.7
Change in Income Taxes	6.39	6.39	19.58	-	-	-11.25
Change in Other Net Operating Assets	-3.68	1.53	-8.03	48.23	-22.38	5.31
Operating Cash Flow	59.31	64.27	46.16	147.17	80.99	-38.96
Operating Cash Flow Growth	-12.08%	39.25%	-68.64%	81.71%	-	-
Capital Expenditures	-24.73	-22.74	-19.36	-26.78	-21.33	-19.93
Sale (Purchase) of Intangibles	-0.19	-0.16	-0.06	-0.02	-0.08	-0.07
Other Investing Activities	1.39	1.03	0.01	4.25	0.69	1.73
Investing Cash Flow	-23.53	-21.87	-19.41	-22.55	-20.72	-18.28
Long-Term Debt Issued	-	161.58	115.5	108.19	166.75	175.55
Long-Term Debt Repaid	-	-119.59	-105.13	-129.26	-189.55	-125.2
Net Debt Issued (Repaid)	62.24	41.98	10.37	-21.08	-22.81	50.35
Repurchase of Common Stock	-6.36	-6.36	-1.51	-1.68	-	-1.07
Common Dividends Paid	-24.42	-15.95	-22.99	-33.15	-15.79	-15.8
Financing Cash Flow	31.46	19.67	-14.13	-55.91	-38.6	33.49
Net Cash Flow	67.24	62.07	12.62	68.71	21.67	-23.74
Free Cash Flow	34.58	41.53	26.8	120.39	59.66	-58.89
Free Cash Flow Growth	-27.57%	54.97%	-77.74%	101.79%	-	-
Free Cash Flow Margin	6.62%	7.80%	5.30%	21.02%	7.47%	-10.12%
Free Cash Flow Per Share	3.85	4.86	3.08	13.70	6.79	-6.45
Cash Income Tax Paid	15.96	15.96	26.46	17.21	39.44	22.97
Levered Free Cash Flow	24.57	46	-6.22	71.63	29.56	-69.84
Unlevered Free Cash Flow	26.26	47.38	-4.56	73.19	48.9	-69.05
Change in Working Capital	8.76	13.98	7.63	48.23	-22.38	-103.5

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