Tegma Gestão Logística 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	242.96	269.82	181.41	159.3	108.09
Depreciation & Amortization	51.75	49.46	48.85	48.1	46.59
Other Amortization	9.97	6.18	5.92	5	4.27
Loss (Gain) From Sale of Assets	-0.49	-0.78	0.18	0.18	0.41
Loss (Gain) From Sale of Investments	-	-	-	-0.85	-2.59
Loss (Gain) on Equity Investments	-26.81	-29.26	-16.26	-10.57	-9.24
Provision & Write-off of Bad Debts	-0.86	3.16	1.13	0.41	1.14
Other Operating Activities	-94.4	-70.44	-45.87	-34.71	-20.92
Change in Accounts Receivable	-3.12	-95.59	-32.59	-11.81	-91.67
Change in Accounts Payable	-5.97	11.99	9.76	-13.34	15.35
Change in Income Taxes	-11.5	-3.74	54.4	57.83	3.99
Change in Other Net Operating Assets	81.7	117.89	9.52	8.25	-1.92
Operating Cash Flow	243.24	258.69	216.44	207.79	53.5
Operating Cash Flow Growth	-5.97%	19.52%	4.16%	288.38%	-73.74%
Capital Expenditures	-68.87	-41.03	-35.67	-22.37	-23.31
Sale of Property, Plant & Equipment	1.43	2.81	1.34	0.62	0.83
Cash Acquisitions	-9.38	-10	-	-	-
Sale (Purchase) of Intangibles	-14.87	-15.74	-7.03	-7.74	-5.28
Investment in Securities	-	-6	-3	-5.34	3.78
Other Investing Activities	24.63	27.15	14.7	6.68	6.59
Investing Cash Flow	-67.06	-42.8	-29.66	-28.14	-17.39
Long-Term Debt Issued	46.52	14.64	56.27	32.57	-
Long-Term Debt Repaid	-58.08	-41.57	-87.99	-95.09	-97.55
Net Debt Issued (Repaid)	-11.55	-26.93	-31.72	-62.52	-97.55
Common Dividends Paid	-292.1	-180.16	-112.82	-73.96	-51.82
Financing Cash Flow	-303.66	-207.09	-144.54	-136.48	-149.37
Net Cash Flow	-127.48	8.8	42.24	43.17	-113.26
Free Cash Flow	174.38	217.66	180.77	185.43	30.19
Free Cash Flow Growth	-19.89%	20.41%	-2.51%	514.13%	-84.09%
Free Cash Flow Margin	7.84%	10.41%	11.42%	13.53%	3.00%
Free Cash Flow Per Share	2.65	3.30	2.74	2.81	0.46
Cash Interest Paid	28.18	21.53	23.33	18.32	15.82
Cash Income Tax Paid	99.57	63.54	40.45	20.87	16.57
Levered Free Cash Flow	136.49	156.07	121.02	156.22	-4.02
Unlevered Free Cash Flow	153.6	169.61	135	166.74	5.71
Change in Working Capital	61.12	30.56	41.08	40.93	-74.26

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