BVMF:PFRM3 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	118.9	114.58	70.4	80.87	78.19
Depreciation & Amortization	179.95	152.88	133.03	124.27	112.22
Other Amortization	9.45	6.45	4.63	3.1	2.15
Asset Writedown & Restructuring Costs	15.09	10.96	12.16	14.21	12.39
Loss (Gain) From Sale of Investments	-1.36	4.84	-	-28.85	-
Loss (Gain) on Equity Investments	0.18	-0.04	-0.01	0.01	-5.98
Provision & Write-off of Bad Debts	15.88	13.32	13.13	10.83	12.26
Other Operating Activities	215.44	167.92	165.77	164.53	44
Change in Accounts Receivable	-169.22	-253.24	-214.99	-221.7	-120.17
Change in Inventory	-295.71	-301.05	-287.6	-152.83	-151.02
Change in Accounts Payable	386.88	487.8	416.92	174.54	188.62
Change in Income Taxes	10.84	-5.88	10.4	-21.81	-39.49
Change in Other Net Operating Assets	-26.6	98.54	-62.94	-20.85	-25.6
Operating Cash Flow	459.72	497.09	260.9	126.32	107.58
Operating Cash Flow Growth	-7.52%	90.53%	106.53%	17.43%	173.42%
Capital Expenditures	-146.73	-102.53	-67.53	-59.95	-68.53
Cash Acquisitions	-	-13.31	-	-	-
Sale (Purchase) of Intangibles	-29.41	-14.74	-14.01	-10.51	-13.55
Investment in Securities	-	-6.26	-15.04	48.72	-4.33
Investing Cash Flow	-176.14	-136.84	-96.58	-21.74	-86.41
Long-Term Debt Issued	1,022	468.87	1,082	891.48	552.25
Long-Term Debt Repaid	-1,036	-588.99	-1,047	-864.34	-691.86
Net Debt Issued (Repaid)	-13.91	-120.12	34.86	27.14	-139.61
Common Dividends Paid	-76.67	-54.58	-31.23	-	-29.12
Other Financing Activities	-187.43	-149.74	-157.46	-136.98	-35.72
Financing Cash Flow	-278.01	-324.44	-153.83	-109.84	-204.44
Net Cash Flow	5.57	35.81	10.49	-5.26	-183.28
Free Cash Flow	312.98	394.56	193.37	66.37	39.04
Free Cash Flow Growth	-20.68%	104.05%	191.35%	69.99%	1083.15%
Free Cash Flow Margin	2.73%	3.89%	2.23%	0.85%	0.61%
Free Cash Flow Per Share	2.55	3.22	1.58	0.54	0.32
Cash Interest Paid	187.43	149.74	157.46	136.98	35.72
Cash Income Tax Paid	-12.9	13.22	8.93	5.06	0.59
Levered Free Cash Flow	65.89	173.12	-16.86	-63.83	-10.87
Unlevered Free Cash Flow	191.62	266.49	84.33	29.42	36.73
Change in Working Capital	-93.81	26.17	-138.21	-242.65	-147.66

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