BVMF:RIOS3 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-466.1	-450.26	-137.21	-87.7	-43.21	-11.21
Depreciation & Amortization	53.76	51.78	29.24	10.25	0	0
Other Amortization	25.45	4.24	3.42	3.08	-	-
Loss (Gain) on Equity Investments	137.87	137.87	-0	-	-	-
Asset Writedown	17.49	3.84	0.03	0.4	-	-
Change in Accounts Receivable	-6.85	-13.69	-7.43	-6.87	-0.1	-
Change in Accounts Payable	69.92	142.28	-54.68	149.75	26.17	-
Change in Income Taxes	15.98	16.86	22.41	11.27	4.69	-
Change in Other Net Operating Assets	-8.4	40.38	86.54	-20.91	-65.25	138.6
Other Operating Activities	209.61	197.21	73.15	19.85	3.5	14.09
Operating Cash Flow	48.73	130.52	15.46	79.12	-74.19	141.5
Operating Cash Flow Growth	-77.70%	744.45%	-80.47%	-	-	-
Capital Expenditures	61.59	-55	-700.1	-515.97	-299.87	-258.32
Investment in Securities	-8.95	-9.09	-2.55	-0.29	6.53	-140.84
Other Investing Activities	-0.01	0.38	-1.28	-	-	-62.12
Investing Cash Flow	52.63	-63.72	-703.93	-516.26	-293.34	-461.28
Long-Term Debt Issued	-	14.35	297.85	771.89	621.64	-
Total Debt Issued	-37.03	14.35	297.85	771.89	621.64	313.31
Long-Term Debt Repaid	-	-35.1	-0.8	-91.56	-67.43	-
Net Debt Issued (Repaid)	-43.61	-20.75	297.05	680.34	554.21	313.31
Issuance of Common Stock	-	-	-	-	8	70.71
Other Financing Activities	-60.27	-42.08	-11.22	-31.76	-22.47	-0.78
Financing Cash Flow	-103.88	-62.83	285.84	648.58	539.73	383.25
Net Cash Flow	-2.53	3.97	-402.64	211.44	172.2	63.47
Free Cash Flow	110.32	75.52	-684.65	-436.85	-374.07	-116.82
Free Cash Flow Margin	49.40%	38.53%	-536.40%	-623.88%	-14646.32%	-21278.69%
Free Cash Flow Per Share	2.54	1.64	-14.88	-9.50	-8.13	-2.54
Cash Interest Paid	50.46	32.26	14.1	15.79	-	-
Levered Free Cash Flow	714.9	39.11	-682.82	-456.25	-284.94	-
Unlevered Free Cash Flow	830.26	156.91	-629.59	-432.43	-283.72	-
Change in Working Capital	70.65	185.84	46.83	133.24	-34.49	138.6

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