BVMF:OFSA3 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	222.31	134.33	-49.98	130.66	113.96
Depreciation & Amortization	27.77	27.89	26.92	24.41	20.49
Other Amortization	18.68	11.48	9.27	8.06	13.01
Loss (Gain) From Sale of Assets	-2.77	-1.49	-0.79	-2.98	-2.55
Asset Writedown & Restructuring Costs	2.64	4.84	21.68	0.91	0.68
Stock-Based Compensation	7.95	7.2	9.64	8.1	0.48
Provision & Write-off of Bad Debts	0.68	-0.06	0.37	-0.1	-0.13
Other Operating Activities	-10.67	25.51	37.47	1.62	-2.45
Change in Accounts Receivable	-134.02	-87.09	38.64	-57.2	-36.19
Change in Inventory	-69.56	-106.26	91.08	-68.25	-89.51
Change in Accounts Payable	41.34	38.91	-13.15	17.11	13.46
Change in Income Taxes	7.54	0.02	37.32	14.08	2.46
Change in Other Net Operating Assets	-11.98	18.67	-18.18	13.16	12.79
Operating Cash Flow	99.91	73.94	190.3	89.59	46.5
Operating Cash Flow Growth	35.14%	-61.15%	112.41%	92.67%	-58.46%
Capital Expenditures	-29.05	-17.8	-24.92	-51.97	-55.91
Sale of Property, Plant & Equipment	4.66	0.77	10.04	5.73	5.77
Cash Acquisitions	-	-	-	-14.53	-
Sale (Purchase) of Intangibles	-17.38	-25.86	-22.26	-17.38	-10.28
Investing Cash Flow	-41.77	-42.88	-37.14	-78.15	-60.41
Long-Term Debt Issued	166.41	31.54	94.68	106.1	76.5
Long-Term Debt Repaid	-48.16	-115.03	-82.38	-80.9	-90.65
Net Debt Issued (Repaid)	118.25	-83.49	12.31	25.2	-14.15
Repurchase of Common Stock	-120.13	-	-	-	-5.13
Common Dividends Paid	-35	-18.17	-23.41	-33.22	-35.61
Other Financing Activities	-3.76	-0.51	-3.25	0.07	4.26
Financing Cash Flow	-40.65	-102.17	-14.36	-7.95	-50.62
Foreign Exchange Rate Adjustments	-0.63	1.04	0.19	0.29	0.21
Net Cash Flow	16.86	-70.07	138.99	3.78	-64.32
Free Cash Flow	70.86	56.14	165.38	37.62	-9.41
Free Cash Flow Growth	26.23%	-66.06%	339.66%	-	-
Free Cash Flow Margin	5.79%	5.48%	17.53%	3.61%	-1.04%
Free Cash Flow Per Share	1.32	1.04	3.08	0.70	-0.17
Cash Interest Paid	27.96	30.1	34.89	34.56	19.11
Cash Income Tax Paid	46.4	50.63	113.94	27.94	22.64
Levered Free Cash Flow	23.37	65.31	152.73	-42.8	-68.13
Unlevered Free Cash Flow	43.97	84.99	175.9	-19.39	-55.86
Change in Working Capital	-166.68	-135.76	135.71	-81.1	-96.99

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