Neoenergia 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
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
Net Income	4,408	3,635	4,461	4,718	3,925	2,809
Depreciation & Amortization	2,997	2,864	2,606	2,274	1,767	1,443
Other Amortization	12	8	5	6	10	8
Loss (Gain) on Sale of Assets	-	-	-	-	482	-
Loss (Gain) on Equity Investments	65	32	1	46	165	56
Asset Writedown	-1,770	-1,273	-1,053	-1,126	-1,453	-248
Change in Accounts Receivable	-5,405	-5,272	-4,145	-2,412	-4,909	-3,271
Change in Accounts Payable	-7	-413	-98	-1,341	685	956
Change in Other Net Operating Assets	16	918	-470	366	-2,535	788
Other Operating Activities	2,327	2,743	325	2,089	1,995	1,002
Operating Cash Flow	2,643	3,242	1,632	4,620	132	3,543
Operating Cash Flow Growth	13.97%	98.65%	-64.68%	3400.00%	-96.27%	3.84%
Capital Expenditures	-270	-229	-715	-1,656	-2,998	-994
Cash Acquisitions	-	-	-246	-	-2,415	-
Divestitures	1,050	-	82	-	-	-
Sale (Purchase) of Intangibles	-6,889	-5,608	-4,904	-5,698	-4,637	-3,738
Investment in Securities	23	102	1,034	-33	-274	-71
Other Investing Activities	31	-84	-	-22	-	-
Investing Cash Flow	-6,055	-5,819	-4,749	-7,409	-10,324	-4,803
Long-Term Debt Issued	-	12,821	11,522	12,923	15,718	5,764
Long-Term Debt Repaid	-	-9,211	-6,535	-8,218	-5,274	-4,846
Net Debt Issued (Repaid)	1,845	3,610	4,987	4,705	10,444	918
Repurchase of Common Stock	-5	-	-39	-	-	-
Common Dividends Paid	-937	-937	-1,335	-938	-596	-450
Other Financing Activities	834	186	150	279	829	1,811
Financing Cash Flow	1,737	2,859	3,763	4,046	10,677	2,279
Net Cash Flow	-1,675	282	646	1,257	485	1,019
Free Cash Flow	2,373	3,013	917	2,964	-2,866	2,549
Free Cash Flow Growth	23.27%	228.57%	-69.06%	-	-	-14.61%
Free Cash Flow Margin	4.54%	6.15%	2.07%	6.93%	-6.64%	7.97%
Free Cash Flow Per Share	1.96	2.48	0.76	2.44	-2.36	2.10
Cash Interest Paid	32	29	27	26	15	13
Cash Income Tax Paid	366	355	465	60	574	556
Levered Free Cash Flow	-301	-316.5	-563.88	-92.13	-4,381	397.25
Unlevered Free Cash Flow	2,480	2,465	1,951	2,185	-2,921	1,172
Change in Working Capital	-5,396	-4,767	-4,713	-3,387	-6,759	-1,527

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