Irani Papel e Embalagem 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	242.05	304.52	383.43	378.21	285.31
Depreciation & Amortization	204.75	185.32	106.07	97.99	87.21
Other Amortization	-	9.91	6.53	5.04	5.24
Loss (Gain) From Sale of Assets	0.07	-1.82	-1.43	-11.99	-2.52
Asset Writedown & Restructuring Costs	-116.8	-80.18	-54.29	-139	-43.85
Provision & Write-off of Bad Debts	-0.41	0.21	0.6	0.43	-0.35
Other Operating Activities	269.06	-86.79	-260.51	55.36	37
Change in Accounts Receivable	-3.96	-17.53	-5.72	20.87	-47.84
Change in Inventory	10.53	-26.92	11.9	-10.7	-30.08
Change in Accounts Payable	2.11	15.35	19.66	62.97	26.7
Change in Income Taxes	124.26	94.24	50.81	-62.92	53.17
Change in Other Net Operating Assets	-227.59	-0.72	12.67	-18.73	-2.66
Operating Cash Flow	504.07	395.59	269.71	377.52	367.33
Operating Cash Flow Growth	27.42%	46.67%	-28.56%	2.78%	87.13%
Capital Expenditures	-244.36	-223.32	-357.59	-541.97	-394.73
Sale of Property, Plant & Equipment	1.64	2.28	33.94	30	5.64
Cash Acquisitions	-	-	-	-	-0.01
Sale (Purchase) of Intangibles	-9.56	-6.15	-11.68	-2.72	-0.84
Investment in Securities	-0.64	120.01	236.14	204.31	-167.5
Investing Cash Flow	-252.92	-107.17	-99.18	-310.38	-557.43
Long-Term Debt Issued	286.11	29.15	378.7	913.66	322.32
Long-Term Debt Repaid	-109.8	-22.28	-552.56	-70.76	-47.57
Net Debt Issued (Repaid)	176.3	6.88	-173.87	842.9	274.75
Repurchase of Common Stock	-22.05	-49.17	-41.97	-46.47	-18.57
Common Dividends Paid	-169.8	-126.04	-205.73	-158.79	-89.93
Financing Cash Flow	-15.55	-168.34	-421.58	637.64	166.25
Net Cash Flow	235.6	120.08	-251.04	704.78	-23.85
Free Cash Flow	259.71	172.27	-87.87	-164.45	-27.4
Free Cash Flow Growth	50.76%	-	-	-	-
Free Cash Flow Margin	15.40%	10.59%	-5.51%	-9.75%	-1.71%
Free Cash Flow Per Share	1.13	0.72	-0.36	-0.66	-0.11
Cash Interest Paid	199.99	153.07	213.67	82.69	42.83
Cash Income Tax Paid	26.46	33.84	108.27	102.45	85.65
Levered Free Cash Flow	33.79	-24.46	-304.81	-206.76	-99.88
Unlevered Free Cash Flow	194.76	95.58	-169.4	-124.08	-60.19
Change in Working Capital	-94.65	64.41	89.31	-8.51	-0.72

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.