BVMF:OPCT3 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	105.49	-15.6	73.32	-92.98	-47.38
Depreciation & Amortization	324.02	257	245.92	223.65	158.73
Other Amortization	-	2.39	1.89	-	1.29
Loss (Gain) From Sale of Assets	0.88	-2.28	-4.68	-1.86	-0.97
Asset Writedown & Restructuring Costs	-	-	-	6.56	4.64
Loss (Gain) From Sale of Investments	-	-	5.65	-	-
Loss (Gain) on Equity Investments	-	-	-0.08	-6.18	-5.51
Provision & Write-off of Bad Debts	9.91	0.56	0.6	0.52	5.91
Other Operating Activities	93.71	125.74	37.66	-29.51	2.32
Change in Accounts Receivable	-76.42	-14.13	-66.95	-55.31	-85.99
Change in Inventory	-5.42	-0.08	1.74	-0.91	-4.76
Change in Accounts Payable	31.49	-20.76	1.98	8.61	11.95
Change in Income Taxes	-10.32	-33.57	-5.18	-24.96	-15.78
Change in Other Net Operating Assets	-71.91	-40.65	34.64	7.43	-0.69
Operating Cash Flow	401.42	258.62	321.96	34.56	27.88
Operating Cash Flow Growth	55.22%	-19.67%	831.56%	23.98%	-75.56%
Capital Expenditures	-480.12	-400.84	-305.4	-383.06	-735.21
Sale of Property, Plant & Equipment	-	9.03	0.87	7.98	2.87
Cash Acquisitions	-	-	-2.14	-	-2.67
Sale (Purchase) of Intangibles	-	-	-	-	-3.08
Investment in Securities	4.7	20.85	21.07	-1.04	-39.94
Other Investing Activities	-	-	6.79	5.68	4.9
Investing Cash Flow	-475.42	-370.96	-278.82	-370.44	-773.12
Long-Term Debt Issued	869.26	946.44	681.74	100.83	540.8
Long-Term Debt Repaid	-611.27	-532.05	-593.89	-162.47	-206.9
Net Debt Issued (Repaid)	257.99	414.39	87.85	-61.64	333.9
Issuance of Common Stock	-	-	-	-	743.95
Repurchase of Common Stock	-	-7.79	-	-	-
Other Financing Activities	-	-	-	-3.55	-
Financing Cash Flow	257.99	406.6	87.85	-65.19	1,078
Foreign Exchange Rate Adjustments	-2.53	6.56	-0.95	-6.01	-7.81
Net Cash Flow	181.46	300.82	130.04	-407.08	324.79
Free Cash Flow	-78.7	-142.22	16.56	-348.5	-707.33
Free Cash Flow Margin	-3.69%	-8.26%	1.00%	-29.02%	-80.17%
Free Cash Flow Per Share	-0.40	-0.72	0.08	-1.72	-3.68
Cash Interest Paid	-	166.72	175.21	155.65	75.38
Cash Income Tax Paid	-	11.59	24.97	9.64	1.32
Levered Free Cash Flow	-195.34	-136.79	-15	-382.15	-646.2
Unlevered Free Cash Flow	-19.18	-19.14	103.15	-220.41	-600.35
Change in Working Capital	-132.58	-109.19	-33.77	-65.13	-95.26

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