Grupo Toky 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	-94.09	-149.18	-85.15	-89.84	-84.81
Depreciation & Amortization	165.35	71.29	67.65	66.45	40.44
Other Amortization	34.95	18.81	-	10.95	8.97
Loss (Gain) From Sale of Assets	6.59	9.19	-0.06	-0.92	-1.01
Asset Writedown & Restructuring Costs	-	-	-	0.5	-
Stock-Based Compensation	-1.53	3.55	2.12	3.07	5.69
Provision & Write-off of Bad Debts	-	-0.33	0.88	0.35	0.71
Other Operating Activities	-48.25	21.16	-37.57	-33.61	-2.11
Change in Accounts Receivable	32.07	-25.39	16.97	65.14	-119.05
Change in Inventory	32.65	-2.32	21.22	41.43	-56.21
Change in Accounts Payable	10.36	3.04	-32.66	2.45	-30.11
Change in Other Net Operating Assets	55.41	-22.09	-36.08	-52.83	-102.1
Operating Cash Flow	119.94	-51.01	-82.65	13.14	-339.59
Capital Expenditures	-48.63	-12.26	-4.52	-29	-57.79
Sale of Property, Plant & Equipment	-	-	0.09	1.85	4.59
Cash Acquisitions	-	20.75	-	-	-
Sale (Purchase) of Intangibles	-19.39	-15.23	-14.21	-22.28	-20.74
Investment in Securities	34	-	-	-	-
Other Investing Activities	-2.51	-	30.32	22.69	14.64
Investing Cash Flow	-36.53	-6.74	11.68	-26.75	-59.31
Short-Term Debt Issued	25.84	-	-	12.86	10.31
Long-Term Debt Issued	-	26.84	52.19	-	-
Total Debt Issued	25.84	26.84	52.19	12.86	10.31
Short-Term Debt Repaid	-	-	-	-	-84.22
Long-Term Debt Repaid	-101.57	-98.7	-64.9	-34.46	-21.04
Total Debt Repaid	-101.57	-98.7	-64.9	-34.46	-105.26
Net Debt Issued (Repaid)	-75.73	-71.86	-12.72	-21.6	-94.95
Issuance of Common Stock	-	-	-	-	777.78
Other Financing Activities	-	-	-	-	-35.93
Financing Cash Flow	-75.73	-71.86	-12.72	-21.6	646.91
Net Cash Flow	7.68	-129.6	-83.69	-35.21	248.01
Free Cash Flow	71.31	-63.26	-87.17	-15.87	-397.39
Free Cash Flow Margin	4.93%	-7.80%	-16.09%	-2.49%	-55.09%
Free Cash Flow Per Share	0.54	-0.59	-0.82	-0.15	-3.14
Cash Interest Paid	101.04	22.89	37.64	31.22	19.41
Levered Free Cash Flow	118.89	-23.75	-45.88	21.95	-329.2
Unlevered Free Cash Flow	270.93	5	-27.07	37.79	-314.86
Change in Working Capital	56.91	-25.49	-30.54	56.19	-307.48

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