BVMF:ORVR3 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	30.28	60.9	40.12	-149.01	-62.03	20.07
Depreciation & Amortization	160.86	155.97	165.66	135.35	53.4	50.03
Other Amortization	-	-	-	0.92	20.06	-
Loss (Gain) From Sale of Assets	-	-	-135	-5.5	-	-
Asset Writedown & Restructuring Costs	23.96	1.89	70.7	-14.41	4.47	-28.61
Loss (Gain) on Equity Investments	-9.43	-14.69	-11.06	-7.72	-0.72	-0.58
Stock-Based Compensation	-	-	-	11.83	41.79	-
Provision & Write-off of Bad Debts	11.19	9.78	-7.03	5.17	4.12	-1.25
Other Operating Activities	40.6	15.3	-50.01	49.4	-57.66	53.61
Change in Accounts Receivable	-54.21	-12.58	43.33	-54.75	-59.2	-38.56
Change in Accounts Payable	66.6	11.93	-16.21	-2.9	-26.31	-2.46
Change in Unearned Revenue	2.54	-2.32	3.14	-0.97	5.23	0.97
Change in Income Taxes	-4.45	-7.89	13.62	56.47	16.49	35.33
Change in Other Net Operating Assets	0.17	-34.33	-81.78	-11.23	-32.81	-2.5
Operating Cash Flow	268.08	183.96	35.48	12.67	-93.17	86.05
Operating Cash Flow Growth	151.24%	418.49%	180.07%	-	-	45.45%
Capital Expenditures	-653.4	-556.07	-255.33	-197.35	-122.84	-41.83
Cash Acquisitions	-171.68	-171.68	-11.85	-406.98	-	-
Investment in Securities	73.63	-105.22	202.92	354.09	-393.4	-7.12
Other Investing Activities	0.58	0.58	-11.77	-	-	-
Investing Cash Flow	-750.87	-832.39	-76.04	-250.24	-516.23	-48.95
Long-Term Debt Issued	-	1,196	130	460	515	293.23
Long-Term Debt Repaid	-	-521.43	-69.7	-47.18	-249.07	-320.4
Net Debt Issued (Repaid)	89.84	674.57	60.3	412.82	265.93	-27.17
Issuance of Common Stock	605.73	-	87.49	-	359.98	-
Other Financing Activities	154.38	21.13	13.32	-9.29	-19.63	-6.2
Financing Cash Flow	849.95	695.7	161.11	403.53	606.28	-33.37
Net Cash Flow	367.16	47.27	120.55	165.96	-3.13	3.73
Free Cash Flow	-385.32	-372.11	-219.86	-184.68	-216.01	44.22
Free Cash Flow Growth	-	-	-	-	-	102.73%
Free Cash Flow Margin	-37.92%	-41.19%	-28.32%	-29.49%	-49.60%	11.28%
Free Cash Flow Per Share	-4.15	-4.49	-2.65	-2.58	-3.03	0.81
Cash Interest Paid	216.76	158.25	137.36	77.8	98.46	21.29
Cash Income Tax Paid	29	25.28	32.9	21.21	8.27	2.52
Levered Free Cash Flow	-500.5	-345.09	-91.79	-48.45	-8.07	-53.17
Unlevered Free Cash Flow	-334.05	-225.88	6.95	-49.36	-28.12	-1.72
Change in Working Capital	10.63	-45.19	-37.9	-13.37	-96.59	-7.22

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.