Alfa Holdings Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	2015 - 2019
Net Income	-115.47	16.56	66.39	19.36	33.95	Upgrade
Loss (Gain) on Equity Investments	122.78	-15.75	-64.63	-21.62	-38.46	Upgrade
Other Operating Activities	-1.68	0.36	-0.02	-0.01	-0.39	Upgrade
Change in Other Net Operating Assets	-2.21	-1.18	1.56	0.32	2.81	Upgrade
Operating Cash Flow	3.42	-0.02	3.3	-1.95	-2.08	Upgrade
Investment in Securities	71.87	-	-	57.25	25.18	Upgrade
Other Investing Activities	-	2.12	1.23	0.3	0.53	Upgrade
Investing Cash Flow	71.87	2.12	1.23	57.55	25.71	Upgrade
Common Dividends Paid	-8.2	-7.77	-7.72	-7.36	-7.11	Upgrade
Financing Cash Flow	-8.2	-7.77	-7.72	-7.36	-7.11	Upgrade
Net Cash Flow	67.09	-5.66	-3.19	48.25	16.52	Upgrade
Levered Free Cash Flow	-7.16	-2.67	-3.16	-2.04	-1.11	Upgrade
Unlevered Free Cash Flow	-7.16	-2.67	-3.16	-2.04	-1.11	Upgrade
Change in Net Working Capital	2.12	-1.52	0.39	-0.22	-1.72	Upgrade

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