BVMF:SEQL3 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	Jun '25 Jun 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	-1,088	-1,278	-822.22	-106.87	-17.86	7.03
Depreciation & Amortization	91.43	131.17	141.85	156.3	135.08	69.8
Other Amortization	10.77	12.36	9.12	-	-	-
Asset Writedown & Restructuring Costs	507.43	505.9	6.3	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-13.73	-	-
Loss (Gain) on Equity Investments	1.68	0.51	3.52	8.11	0.98	-
Stock-Based Compensation	1.31	1.31	2.08	2.59	0.4	0.76
Provision & Write-off of Bad Debts	55.94	-	-	-	-	-
Other Operating Activities	-15.9	212.23	235.85	99.89	41.16	26.88
Change in Accounts Receivable	68.96	140.97	24.27	-13.22	-103.16	-109.1
Change in Accounts Payable	237.85	199.19	-31.99	6.88	13.83	48.6
Change in Income Taxes	38.93	34.99	13.23	-45.5	-19.38	11.88
Change in Other Net Operating Assets	159.66	116.49	135.51	-42.52	-93.36	3.91
Operating Cash Flow	70.01	76.73	-282.49	51.92	-42.32	59.74
Operating Cash Flow Growth	-	-	-	-	-	99.62%
Capital Expenditures	-6.43	-6.33	-11.43	-59.59	-52.64	-35.74
Cash Acquisitions	41.57	-	-19.17	-44.02	-170.82	-64.55
Divestitures	-	-	-	-	4.73	-
Investment in Securities	8.12	8.12	7.5	13.23	-37.05	-0.7
Other Investing Activities	-0.86	-	-	-	-	-
Investing Cash Flow	42.39	1.79	-23.1	-90.38	-255.78	-100.99
Long-Term Debt Issued	-	506.04	408.76	622.16	170.29	278.11
Long-Term Debt Repaid	-	-551.95	-335.44	-563.88	-267.68	-205.09
Net Debt Issued (Repaid)	-97.43	-45.91	73.32	58.28	-97.39	73.03
Issuance of Common Stock	0.58	1.07	100.06	1.78	206.97	320.69
Common Dividends Paid	-	-	-	-	-	-3.49
Other Financing Activities	-52.17	-41.87	42.9	-71.17	-51.74	-31.39
Financing Cash Flow	-149.03	-86.71	216.28	-11.12	57.84	358.83
Net Cash Flow	-36.63	-8.19	-89.31	-49.58	-240.25	317.58
Free Cash Flow	63.58	70.4	-293.92	-7.67	-94.96	24
Free Cash Flow Growth	-	-	-	-	-	186.77%
Free Cash Flow Margin	8.80%	9.16%	-39.47%	-0.43%	-6.25%	2.40%
Free Cash Flow Per Share	17.63	34.45	-309.13	-0.55	-140.13	45.53
Cash Interest Paid	45.38	41.87	-	64.24	26.74	31.39
Cash Income Tax Paid	-	-	-	-	8.3	-
Levered Free Cash Flow	-308.2	-56.64	-178.06	-4.26	17.63	-2.86
Unlevered Free Cash Flow	-210.79	44.8	-46.43	127.69	76.22	31.62
Change in Working Capital	505.41	491.64	141.01	-94.37	-202.08	-44.72

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