Paranapanema 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	-1,331	-2,139	-1,390	-2,701	-801.11
Depreciation & Amortization	84.65	93.73	110.41	116.61	152.75
Other Amortization	0.7	-	-	-	-
Asset Writedown & Restructuring Costs	246.98	2.06	2.77	0.55	8.03
Loss (Gain) From Sale of Investments	-	-	-	837.69	45.5
Provision & Write-off of Bad Debts	-0.92	-3.36	-	-0.12	0.13
Other Operating Activities	718.92	1,849	846.01	1,109	516.64
Change in Accounts Receivable	-7.37	5.3	37.45	71.42	231.05
Change in Inventory	57.71	3.59	5.37	436.1	390.67
Change in Accounts Payable	160.87	83.35	122.51	459.83	-361.35
Change in Unearned Revenue	8.82	3.18	-21.31	-13.76	43.63
Change in Income Taxes	35.52	291.8	82.99	25.89	-11.55
Change in Other Net Operating Assets	86.32	-113.06	79.33	-124.65	-181.87
Operating Cash Flow	60.71	76.72	-124.42	217.76	32.5
Operating Cash Flow Growth	-20.87%	-	-	570.00%	-75.65%
Capital Expenditures	-16.48	-16.69	-19.33	-89.17	-91.15
Investment in Securities	0.24	-0.25	4.7	15.65	22.24
Investing Cash Flow	-16.24	-16.94	-14.63	-73.53	-68.92
Long-Term Debt Issued	427.19	459.09	865.29	928.77	918.81
Long-Term Debt Repaid	-414.66	-444.87	-643.59	-945.59	-941.76
Net Debt Issued (Repaid)	12.53	14.23	221.7	-16.82	-22.95
Issuance of Common Stock	3.62	1.32	-	-	-
Common Dividends Paid	-	-	-	-0.15	-
Other Financing Activities	-66.98	-66.88	-85.07	-164.87	-39.28
Financing Cash Flow	-50.83	-51.34	136.63	-181.85	-62.23
Net Cash Flow	-6.36	8.44	-2.42	-37.62	-98.65
Free Cash Flow	44.23	60.03	-143.75	128.58	-58.65
Free Cash Flow Growth	-26.32%	-	-	-	-
Free Cash Flow Margin	7.86%	13.05%	-14.78%	6.41%	-1.24%
Free Cash Flow Per Share	0.45	1.14	-3.31	2.96	-1.44
Cash Interest Paid	61.61	57.34	77.23	148.34	39.28
Cash Income Tax Paid	-0.05	-0	-	-	-
Levered Free Cash Flow	-332.54	-0.88	-668.34	-57.88	97.03
Unlevered Free Cash Flow	403.54	645.14	-195.67	165.14	235.94
Change in Working Capital	341.87	274.16	306.33	854.83	110.57

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