Schulz S.A. (BVMF:SHUL4)

Schulz Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	259.67	289.04	255.3	277.96	269.98	192.72
Depreciation & Amortization	85.24	81.47	69.17	63.41	58.74	51.96
Other Amortization	9.14	6.71	-	-	-	-
Loss (Gain) From Sale of Assets	4.73	6.55	2.63	5.82	4.49	3.69
Asset Writedown & Restructuring Costs	8.19	-2.92	4.06	2.85	-1.38	-1.52
Loss (Gain) on Equity Investments	0.02	0.01	-	-0.01	-	-
Other Operating Activities	49.67	14.79	162.7	45.8	40.03	83.69
Change in Accounts Receivable	-21.83	65.23	-30.21	93.97	-32.31	-95.73
Change in Inventory	22.69	4.6	-58.02	54.62	43.35	-189.05
Change in Accounts Payable	49	-6.23	33.9	-32.87	21.3	-9.99
Change in Income Taxes	-111.79	-125.43	-10.4	35.01	88.29	-5.11
Change in Other Net Operating Assets	-108.52	-64.2	-42.11	-59.83	-34.19	-48.5
Operating Cash Flow	246.24	269.61	387.02	486.73	458.32	-17.84
Operating Cash Flow Growth	-19.70%	-30.34%	-20.48%	6.20%	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-93.29	-95.43	-115.28	-89.96	-132.02	-132.58
Sale of Property, Plant & Equipment	14.21	0.09	1.46	0.06	0.25	0.47
Cash Acquisitions	0.45	0.33	-	-	-	-
Sale (Purchase) of Intangibles	-	-112.06	-	-	-	-
Sale (Purchase) of Real Estate	-	-	-5.51	-	-0.19	-0.6
Investment in Securities	-0.1	-6.57	-104.79	0.39	-	-
Other Investing Activities	-2.94	106.15	0.68	2.34	1.49	1.42
Investing Cash Flow	-81.66	-107.48	-223.44	-87.17	-130.46	-131.28

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	626.02	270.33	189.66	144.28	503.27
Long-Term Debt Repaid	-	-346.79	-312.5	-331.32	-220.22	-309.48
Net Debt Issued (Repaid)	70.53	279.24	-42.17	-141.66	-75.94	193.79
Issuance of Common Stock	-	-	-	0.01	-	0.01
Repurchase of Common Stock	-2.05	-3.03	-0	-	-	-
Common Dividends Paid	-0.02	-0	-0.01	-20.93	-19.38	-6.56
Other Financing Activities	-80.82	-101.77	-151.24	-52.06	-27.39	-33.21
Financing Cash Flow	-12.36	174.43	-193.42	-214.64	-122.71	154.03

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	152.22	336.56	-29.84	184.91	205.15	4.91

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	152.95	174.18	271.74	396.77	326.3	-150.42
Free Cash Flow Growth	-8.37%	-35.90%	-31.51%	21.60%	-	-
Free Cash Flow Margin	8.19%	8.98%	13.96%	20.60%	15.59%	-8.82%
Free Cash Flow Per Share	0.43	0.49	0.76	1.11	0.91	-0.42
Levered Free Cash Flow	82.77	-1.86	28.75	287.89	260.98	-381.35
Unlevered Free Cash Flow	130.48	45.89	66.38	336.02	311.13	-193.59

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	51.73	46.29	50.56	63.54	59.7	31.77
Change in Working Capital	-170.45	-126.04	-106.84	90.9	86.45	-348.37

Data Source: S&P Global Market Intelligence Last updated: Aug 13, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 4, 2026

Data Sources Report a data error