Marcopolo S.A. (BVMF:POMO4)

Marcopolo Cash Flow Statement

Financials in millions BRL. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,248	1,223	1,200	810.81	449.11	366.62
Depreciation & Amortization	149.25	146.93	160.84	141.23	119.81	105.47
Other Amortization	12.01	9.55	6.76	5.14	-	-
Asset Writedown & Restructuring Costs	-	-	-	70.96	5.28	-
Loss (Gain) From Sale of Investments	6.71	6.71	12.5	3.35	3.61	-53.56
Loss (Gain) on Equity Investments	31.59	91.72	-77.47	38.63	41.53	-15.67
Provision & Write-off of Bad Debts	5.04	4.5	-12.92	23.48	-13.51	39.11
Other Operating Activities	427.15	407.04	547.76	269.16	97.47	229.96
Change in Accounts Receivable	-419.11	-280.44	-407.86	-89.53	-671.83	285.89
Change in Inventory	-78.04	-24.2	-161.54	-396.89	-420.31	-237.52
Change in Accounts Payable	129.26	-25.34	-138.34	234.35	251.71	100.76
Change in Income Taxes	-1.08	-	-	-10.2	-9.27	-80.09
Change in Other Net Operating Assets	-191.55	-121.05	114.41	-34.02	204.07	-544.48
Operating Cash Flow	1,317	1,439	1,244	1,061	45.37	188.25
Operating Cash Flow Growth	12.50%	15.64%	17.25%	2238.98%	-75.90%	7.14%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-304.87	-310.23	-329.37	-140.78	-90.33	-100.08
Sale of Property, Plant & Equipment	1.53	3.7	10.19	-	-	-
Sale (Purchase) of Intangibles	-3.27	-10.41	-14.6	-5.49	-7.11	-3.92
Sale (Purchase) of Real Estate	-0.21	-0.21	-0.61	-7.69	-	-
Investment in Securities	-18.73	-22.28	-7.09	-88.95	1.1	66.49
Other Investing Activities	12.57	18.25	22.16	9.5	2.31	4.75
Investing Cash Flow	-312.98	-321.19	-319.32	-233.4	-94.04	-32.76

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	1,817	1,165	764.12	921.33	895.91
Long-Term Debt Repaid	-	-1,201	-719.6	-753.22	-812.15	-678.46
Net Debt Issued (Repaid)	401.7	616.01	445.8	10.9	109.17	217.45
Issuance of Common Stock	6.25	8.22	-	2.69	1.03	1.62
Repurchase of Common Stock	-	-	-36.86	-	-	-
Common Dividends Paid	-1,149	-1,408	-663.09	-335.66	-88.79	-16.54
Other Financing Activities	-184.69	-184.06	-138.93	-103.83	-104.38	-76.13
Financing Cash Flow	-926.03	-968.1	-393.09	-425.89	-82.96	126.4

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-12.34	-21.06	25.54	-37.19	-19.87	0.15
Net Cash Flow	65.37	128.41	557.28	364.65	-151.5	282.04

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	1,012	1,129	914.78	920.35	-44.96	88.17
Free Cash Flow Growth	19.05%	23.37%	-0.60%	-	-	94.49%
Free Cash Flow Margin	11.20%	12.46%	10.64%	13.77%	-0.83%	2.52%
Free Cash Flow Per Share	0.83	0.90	0.73	0.74	-0.04	0.07
Levered Free Cash Flow	440.54	491.72	504.22	296.17	-311.37	364.82
Unlevered Free Cash Flow	560.12	612.39	628.89	378.71	-311.37	364.82

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	184.69	184.06	138.93	103.83	104.38	76.13
Cash Income Tax Paid	1.08	-	-	-	9.27	80.09
Change in Working Capital	-560.51	-451.03	-593.33	-296.29	-645.63	-475.44

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 26, 2026

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