Odontoprev 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	582.57	539.24	511.39	365.86	380.36
Depreciation & Amortization	16.18	56.15	55.82	37.02	63.58
Other Amortization	46.98	-	-	-	-
Gain (Loss) on Sale of Assets	2.74	0.88	1.98	6.64	1.12
Change in Accounts Receivable	-61.32	-13.38	16.03	104.78	-59.44
Change in Accounts Payable	-	-	1.63	5.3	-2.38
Change in Income Taxes	9.26	-3.98	-220.54	-177.19	-143.46
Change in Insurance Reserves / Liabilities	-	-	-	-	-18.62
Change in Other Net Operating Assets	-47.61	35.98	-51.92	-39.96	-8.94
Other Operating Activities	-80.33	-104.23	173.38	171.1	217.52
Operating Cash Flow	590.05	541.7	414.56	694.58	858.42
Operating Cash Flow Growth	8.93%	30.67%	-40.31%	-19.09%	181.20%
Capital Expenditures	-6.25	-10.55	-7.6	-8.4	-5.55
Sale of Property, Plant & Equipment	0.09	0.17	-	-	-
Purchase / Sale of Intangible Assets	-78.72	-82	-87.66	-62.99	-46.49
Cash Acquisitions	-	-	-21.31	-44.82	-
Investment in Securities	176.74	165.38	-125.05	-244.32	-400.36
Other Investing Activities	7.28	6.33	8.5	5.17	5.53
Investing Cash Flow	99.14	79.32	-233.11	-355.35	-446.87
Total Debt Repaid	-8.34	-6.97	-	-	-
Net Debt Issued (Repaid)	-8.34	-6.97	-	-	-
Issuance of Common Stock	-	-	-	0.05	1.19
Repurchases of Common Stock	-15.31	-69.15	-	-170.09	-170.01
Common Dividends Paid	-662.13	-542.76	-182.89	-100.52	-261.16
Other Financing Activities	-	-	-	-69.26	-
Financing Cash Flow	-685.78	-618.89	-182.89	-339.82	-429.98
Net Cash Flow	3.42	2.14	-1.45	-0.59	-18.43
Free Cash Flow	583.81	531.15	406.96	686.19	852.87
Free Cash Flow Growth	9.91%	30.52%	-40.69%	-19.54%	188.78%
Free Cash Flow Margin	22.94%	22.00%	18.00%	35.04%	42.78%
Free Cash Flow Per Share	1.07	0.97	0.74	1.24	1.47
Cash Interest Paid	1.12	1.76	-	-	-
Cash Income Tax Paid	218.32	219.58	213.36	168.54	166.92
Levered Free Cash Flow	349.75	595.79	251.42	604.01	792.81
Unlevered Free Cash Flow	376.37	618.58	272.39	607.81	794.49
Change in Working Capital	29.28	49.62	-324.77	72.14	153.48

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