BVMF:PGMN3 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	260.28	103.1	2.52	263.66	164.46
Depreciation & Amortization	492.87	480.14	483.08	387.33	278.65
Other Amortization	33.48	37.99	43.52	-	-
Asset Writedown & Restructuring Costs	36.16	25.2	-4.11	12.2	0.06
Loss (Gain) on Equity Investments	-7.35	-6.51	-6.65	-5.14	-2.23
Provision & Write-off of Bad Debts	19.4	7.94	11.27	2.56	5.75
Other Operating Activities	-91.32	-120.04	-239.93	-253.19	10.12
Change in Accounts Receivable	-685.12	-8.42	33.9	149.04	-7.34
Change in Inventory	-350.65	-328.92	-32.14	-585.15	-250.75
Change in Accounts Payable	281.45	345.9	328.38	168.12	67.25
Change in Income Taxes	156.65	16.53	-68.98	-29.01	-116.9
Change in Other Net Operating Assets	54.53	-168.44	-59.27	36.05	-12.66
Operating Cash Flow	200.37	384.48	491.58	146.47	136.4
Operating Cash Flow Growth	-47.88%	-21.79%	235.63%	7.38%	-
Capital Expenditures	-214.3	-84.65	-109.21	-273.97	-211.87
Cash Acquisitions	-	-	-	20.13	-
Sale (Purchase) of Intangibles	-47.13	-17.56	-13.97	-51.63	-29.62
Investment in Securities	0.2	3.34	-193.91	-366.3	31.76
Other Investing Activities	6.56	7.14	2.94	1.46	-
Investing Cash Flow	-254.67	-91.73	-314.14	-670.32	-209.73
Long-Term Debt Issued	1,267	408.33	583.68	649.75	610
Long-Term Debt Repaid	-1,236	-926.51	-559.21	-735.23	-447.47
Net Debt Issued (Repaid)	30.93	-518.17	24.47	-85.48	162.53
Issuance of Common Stock	264.1	2.42	405.63	-	-
Repurchase of Common Stock	-16.49	-23.14	-9.45	-19.99	-22.72
Common Dividends Paid	-176.41	-43.23	-82	-	-
Other Financing Activities	-11.2	-	-241.33	138.94	-1.45
Financing Cash Flow	90.93	-582.13	97.32	33.47	138.36
Net Cash Flow	36.63	-289.37	274.76	-490.38	65.04
Free Cash Flow	-13.92	299.83	382.37	-127.5	-75.47
Free Cash Flow Growth	-	-21.59%	-	-	-
Free Cash Flow Margin	-0.09%	2.37%	3.41%	-1.39%	-1.00%
Free Cash Flow Per Share	-0.02	0.50	0.76	-0.28	-0.17
Cash Interest Paid	414.89	382.5	396.27	269.9	171
Levered Free Cash Flow	-167.32	319.26	548.57	-391.27	-280.57
Unlevered Free Cash Flow	147.81	592.38	893.81	-84.38	-105.44
Change in Working Capital	-543.15	-143.34	201.89	-260.95	-320.4

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