Tecnisa 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	-100.66	-148.41	-56.17	1.05	-184.73
Depreciation & Amortization	3.4	3.66	4.83	6.41	6.93
Other Amortization	4.18	4	3.75	5.04	4.98
Asset Writedown & Restructuring Costs	-0.69	-11.16	3.65	6.93	2.76
Loss (Gain) From Sale of Investments	17.06	-1.15	4.59	7.41	11.88
Loss (Gain) on Equity Investments	-106.56	-59.69	-23.5	-28.78	-32.95
Provision & Write-off of Bad Debts	-	-	-	-	-0.33
Other Operating Activities	87.29	87.88	63.42	20.06	16.75
Change in Accounts Receivable	159.39	33.37	-109.18	-35.19	117.83
Change in Inventory	51.39	245.92	66.15	5.91	-72.7
Change in Accounts Payable	-4.82	-15.91	12.94	9.61	-53.62
Change in Unearned Revenue	-	-	-	-	26.12
Change in Income Taxes	-3.97	-4.51	-4.59	-7.34	-6.73
Change in Other Net Operating Assets	-94.37	-27.7	-126.19	-0.23	-3.3
Operating Cash Flow	12.39	106.29	-160.52	-11.41	-167.12
Operating Cash Flow Growth	-88.34%	-	-	-	-
Capital Expenditures	-0.75	-0.61	-4.71	-8.55	-9.74
Sale (Purchase) of Intangibles	-1.4	-2.62	-5.05	-2.11	-0.37
Sale (Purchase) of Real Estate	-	-36.15	-	-	-
Investment in Securities	29.69	34.55	73.95	9.88	180.58
Other Investing Activities	4.11	-3.8	0.76	-	-
Investing Cash Flow	31.64	-8.62	64.94	-0.78	170.47
Long-Term Debt Issued	242.73	171.03	143.26	208.13	220
Long-Term Debt Repaid	-220.25	-227.14	-91.01	-146	-211.95
Net Debt Issued (Repaid)	22.49	-56.12	52.25	62.14	8.06
Other Financing Activities	2.17	5.41	13.53	-40.16	-9.36
Financing Cash Flow	24.65	-50.71	65.78	21.98	-1.3
Net Cash Flow	68.69	46.96	-29.8	9.8	2.05
Free Cash Flow	11.64	105.67	-165.23	-19.96	-176.86
Free Cash Flow Growth	-88.98%	-	-	-	-
Free Cash Flow Margin	5.71%	22.45%	-37.80%	-8.41%	-120.84%
Free Cash Flow Per Share	0.16	1.44	-2.24	-0.27	-2.40
Cash Interest Paid	-	80.2	72.63	58.07	49.33
Cash Income Tax Paid	-	13.98	10.38	4.94	7.37
Levered Free Cash Flow	-69.91	195.2	-43.1	-112.57	-327.58
Unlevered Free Cash Flow	-24.67	195.2	-43.1	-87.21	-276.65
Change in Working Capital	107.62	231.16	-160.88	-27.24	7.59

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.