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	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	-884.72	-1,278	-822.22	-106.87	-17.86	7.03
Depreciation & Amortization	116.92	131.17	141.85	156.3	135.08	69.8
Other Amortization	2	12.36	9.12	-	-	-
Asset Writedown & Restructuring Costs	541.65	505.9	6.3	-	-	-
Loss (Gain) From Sale of Investments	-8.45	-	-	-13.73	-	-
Loss (Gain) on Equity Investments	-4.88	0.51	3.52	8.11	0.98	-
Stock-Based Compensation	0.23	1.31	2.08	2.59	0.4	0.76
Other Operating Activities	81.58	212.23	235.85	99.89	41.16	26.88
Change in Accounts Receivable	71.67	140.97	24.27	-13.22	-103.16	-109.1
Change in Accounts Payable	41.81	199.19	-31.99	6.88	13.83	48.6
Change in Income Taxes	44.89	34.99	13.23	-45.5	-19.38	11.88
Change in Other Net Operating Assets	48.19	116.49	135.51	-42.52	-93.36	3.91
Operating Cash Flow	33.26	76.73	-282.49	51.92	-42.32	59.74
Operating Cash Flow Growth	-	-	-	-	-	99.62%
Capital Expenditures	-6.44	-6.33	-11.43	-59.59	-52.64	-35.74
Cash Acquisitions	41.14	-	-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
Investing Cash Flow	42.82	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)	-25.73	-45.91	73.32	58.28	-97.39	73.03
Issuance of Common Stock	0.23	1.07	100.06	1.78	206.97	320.69
Common Dividends Paid	-	-	-	-	-	-3.49
Other Financing Activities	-53.14	-41.87	42.9	-71.17	-51.74	-31.39
Financing Cash Flow	-78.64	-86.71	216.28	-11.12	57.84	358.83
Net Cash Flow	-2.57	-8.19	-89.31	-49.58	-240.25	317.58
Free Cash Flow	26.82	70.4	-293.92	-7.67	-94.96	24
Free Cash Flow Growth	-	-	-	-	-	186.77%
Free Cash Flow Margin	4.08%	9.16%	-39.47%	-0.43%	-6.25%	2.40%
Free Cash Flow Per Share	6.95	34.45	-309.13	-0.55	-140.13	45.53
Cash Interest Paid	43.36	41.87	-	64.24	26.74	31.39
Cash Income Tax Paid	-	-	-	-	8.3	-
Levered Free Cash Flow	-373.91	-56.64	-178.06	-4.26	17.63	-2.86
Unlevered Free Cash Flow	-285.77	44.8	-46.43	127.69	76.22	31.62
Change in Working Capital	206.55	491.64	141.01	-94.37	-202.08	-44.72

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