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	200.3	71.29	67.65	66.45	40.44
Other Amortization	-	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	-18.17	-0.82	-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	-	-	-	12.86	10.31
Long-Term Debt Issued	-	26.84	52.19	-	-
Total Debt Issued	-	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)	-101.57	-71.86	-12.72	-21.6	-94.95
Issuance of Common Stock	-	-	-	-	777.78
Other Financing Activities	25.84	-	-	-	-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	0.37	-0.59	-0.82	-0.15	-3.14
Cash Interest Paid	-	22.89	37.64	31.22	19.41
Levered Free Cash Flow	156.55	-9.08	-45.88	21.95	-329.2
Unlevered Free Cash Flow	307.83	16.58	-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.