Serena Energia S.A. (BVMF:SRNA3)

Serena Energia Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	51.65	297.44	62.84	-8.03	598.23	49.35
Depreciation & Amortization	796.58	739.59	461.7	409.66	35.17	263.56
Other Amortization	19.25	14.46	10.41	-	57.38	9.4
Loss (Gain) on Sale of Investments	21.4	-88.6	-	2.32	-	-
Loss (Gain) on Equity Investments	-8.76	-14.16	-82.94	-44.85	1.26	-9.49
Asset Writedown	0.01	0.85	2.34	-	-690.46	21.48
Stock-Based Compensation	-	-	1.37	-	-	2.35
Change in Accounts Receivable	-381.55	-92.3	-112.71	-41.17	-111.49	-17.06
Change in Accounts Payable	183.8	-115.23	76.49	26.68	86.77	53.58
Change in Income Taxes	74.89	-81.98	2.67	-25.65	-	-
Change in Other Net Operating Assets	-242.46	33.64	110.92	-265.5	-10.74	-98.79
Other Operating Activities	-138.03	-294.87	39.38	28.84	80.22	-66.92
Operating Cash Flow	376.76	398.84	572.47	82.3	46.33	207.45
Operating Cash Flow Growth	-3.15%	-30.33%	595.62%	77.63%	-77.67%	7.14%

Investing Activities

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Capital Expenditures	-418.61	-377.07	-2,529	-2,665	-90.68	-53.09
Cash Acquisitions	2.87	240.68	-	-352.18	70.27	-1,012
Divestitures	-	-	-	13.5	30	3.95
Investment in Securities	-0.62	-4.39	-	-	-	-137.37
Other Investing Activities	1,316	847.44	611.48	-1,240	2.28	10.64
Investing Cash Flow	899.24	706.66	-1,917	-4,244	11.87	-1,188

Financing Activities

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-Term Debt Issued	-	2,535	2,101	2,774	55	250.37
Long-Term Debt Repaid	-	-2,305	-828.01	-570.35	-26.04	-321.52
Net Debt Issued (Repaid)	-258.82	230.2	1,273	2,204	28.96	-71.15
Issuance of Common Stock	-	-	-	850.12	-	968.22
Repurchase of Common Stock	-	-	-0.34	-	-	-
Common Dividends Paid	-	-	-	-0.63	-	-
Other Financing Activities	6.01	30.24	40.35	-	-	-19.45
Financing Cash Flow	-252.81	260.44	1,313	3,053	28.96	877.62

Net Cash Flow

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Foreign Exchange Rate Adjustments	-2.4	8.47	-	-	-	-
Net Cash Flow	1,021	1,374	-32.07	-1,109	87.16	-103.11

Free Cash Flow

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Free Cash Flow	-41.85	21.77	-1,956	-2,583	-44.35	154.36
Free Cash Flow Growth	-	-	-	-	-	19.69%
Free Cash Flow Margin	-0.67%	0.53%	-64.41%	-106.00%	-18.61%	14.01%
Free Cash Flow Per Share	-0.08	0.04	-4.12	-18.98	-0.08	0.38
Levered Free Cash Flow	975.66	30.65	-1,922	-2,427	622.52	171.09
Unlevered Free Cash Flow	1,706	677.62	-1,412	-1,994	609.34	379.48

Additional Metrics

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash Interest Paid	937.83	969.7	733.02	598.64	47.01	275.84
Cash Income Tax Paid	90.74	77.51	46.5	49.04	0.68	27.46
Change in Working Capital	-365.33	-255.87	77.37	-305.64	-35.47	-62.27

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2025

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:

Dec 5, 2025

Data Sources Report a data error