BVMF:TELB3 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	2016 - 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	2016 - 2020
Net Income	19.17	-66.57	-127.36	-168.46	-126.82	-106.23	Upgrade
Depreciation & Amortization	270.43	262.23	253.54	242.09	254.34	214.81	Upgrade
Other Amortization	7.81	7.81	-	-	-	-	Upgrade
Asset Writedown & Restructuring Costs	-1.37	2.67	0.38	16.64	-	-	Upgrade
Loss (Gain) on Equity Investments	1.54	1.01	2.25	6.5	6.27	3.62	Upgrade
Provision & Write-off of Bad Debts	-0.76	2.75	1.31	-1.04	-0.52	-1.05	Upgrade
Other Operating Activities	-48.61	-74.28	70.08	98.25	75.5	38.37	Upgrade
Change in Accounts Receivable	-187.62	-59.17	-72.33	-18.39	8.75	-1.04	Upgrade
Change in Accounts Payable	46.37	1.3	-32.38	-38.49	-20.12	9.05	Upgrade
Change in Income Taxes	21.05	-0.05	-12.09	-28.28	-15.08	-12.41	Upgrade
Change in Other Net Operating Assets	22.37	43.94	43.8	-22.31	-30.44	-18.12	Upgrade
Operating Cash Flow	150.39	121.64	127.22	86.51	151.88	127.01	Upgrade
Operating Cash Flow Growth	-1.05%	-4.39%	47.05%	-43.04%	19.59%	-	Upgrade
Capital Expenditures	-35.25	-41.77	-77.84	-53.27	-40.01	-38.03	Upgrade
Investment in Securities	39.97	-	-	-	-	-822.35	Upgrade
Investing Cash Flow	4.73	-41.77	-77.84	-53.27	-40.01	-860.38	Upgrade
Long-Term Debt Repaid	-	-50.94	-51.22	-55.23	-54.84	-34.97	Upgrade
Net Debt Issued (Repaid)	-37.28	-50.94	-51.22	-55.23	-54.84	-34.97	Upgrade
Issuance of Common Stock	4.51	14.49	44.41	30.86	-	-	Upgrade
Other Financing Activities	2.54	1.26	-14.47	70.9	71.92	60.09	Upgrade
Financing Cash Flow	-30.23	-35.19	-21.29	46.53	17.08	25.12	Upgrade
Net Cash Flow	124.88	44.68	28.1	79.77	128.96	-708.25	Upgrade
Free Cash Flow	115.14	79.86	49.39	33.24	111.88	88.98	Upgrade
Free Cash Flow Growth	23.89%	61.71%	48.56%	-70.28%	25.74%	-	Upgrade
Free Cash Flow Margin	25.02%	19.28%	11.85%	9.56%	39.17%	33.35%	Upgrade
Free Cash Flow Per Share	-	0.93	0.57	0.39	1.65	1.31	Upgrade
Cash Interest Paid	3.27	3.27	4.49	5.82	7.11	8.19	Upgrade
Cash Income Tax Paid	-	-	6.02	-	-	-	Upgrade
Levered Free Cash Flow	798.39	21.05	-96.13	36.46	129.52	-708.31	Upgrade
Unlevered Free Cash Flow	942.11	150.49	40.54	168.31	192.33	-652.52	Upgrade
Change in Working Capital	-97.84	-13.98	-73	-107.47	-56.89	-22.51	Upgrade

Updated Mar 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.