Petroreconcavo 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	638.35	437.5	708.94	1,153	176.9
Depreciation & Amortization	718.97	710.24	609.13	362.02	269.75
Other Amortization	16.8	2.84	2.03	-	-
Asset Writedown & Restructuring Costs	201.29	319.18	235.2	141.36	155.25
Provision & Write-off of Bad Debts	-	-	-	70.71	20.17
Other Operating Activities	-56.09	604	-187.16	-157.67	56.03
Change in Accounts Receivable	100.04	-2.71	27.82	-340.96	-71.06
Change in Inventory	3.53	4.34	5.69	-4.9	-5.34
Change in Accounts Payable	-47.42	45.1	21.55	253.44	18.62
Change in Income Taxes	-68.7	148.58	-68.88	31.86	1.39
Change in Other Net Operating Assets	-2.33	-49.95	37.5	-3.1	17.19
Operating Cash Flow	1,504	2,219	1,392	1,506	638.9
Operating Cash Flow Growth	-32.20%	59.44%	-7.59%	135.74%	40.08%
Capital Expenditures	-1,639	-1,185	-1,366	-1,228	-832.28
Cash Acquisitions	-	-	-472.26	-	-
Investment in Securities	-642.75	-417.18	977.53	-571.48	-485.87
Investing Cash Flow	-2,282	-1,603	-861.17	-1,799	-1,318
Long-Term Debt Issued	1,227	1,746	279.03	643.52	60.48
Long-Term Debt Repaid	-36.89	-1,077	-38.47	-721.19	-304.1
Net Debt Issued (Repaid)	1,190	668.93	240.56	-77.67	-243.63
Issuance of Common Stock	0.15	1.7	2.6	1,039	1,190
Repurchase of Common Stock	-7.32	-14.12	-4.05	-8.36	-5.53
Common Dividends Paid	-238.16	-775.98	-281.94	-205.31	-
Other Financing Activities	-233.41	-398.71	-651.89	-311.37	-75.73
Financing Cash Flow	711.62	-518.18	-694.73	436.22	865.55
Foreign Exchange Rate Adjustments	-	-	0.25	0.6	-
Net Cash Flow	-66.04	98.36	-163.84	143.87	186.3
Free Cash Flow	-134.91	1,034	25.36	278.53	-193.38
Free Cash Flow Growth	-	3976.66%	-90.90%	-	-
Free Cash Flow Margin	-4.27%	31.66%	0.90%	9.36%	-18.58%
Free Cash Flow Per Share	-0.46	3.53	0.09	1.02	-0.87
Cash Interest Paid	199.68	140.9	60.44	46.11	60.13
Cash Income Tax Paid	14.5	18.62	73.38	222.31	22.83
Levered Free Cash Flow	-813.46	-46.73	-965.94	6.81	436.96
Unlevered Free Cash Flow	-625.59	62.19	-907.96	78.24	436.96
Change in Working Capital	-14.87	145.37	23.68	-63.66	-39.2

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