BVMF:TPIS3 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	-386.08	35.59	-8.02	8.38	10.55
Depreciation & Amortization	234.23	175.19	178.29	175.68	400.76
Other Amortization	0.12	0.37	0.4	-	-
Asset Writedown & Restructuring Costs	258.94	4.57	4.05	91.44	7.72
Loss (Gain) From Sale of Investments	1.03	-1.47	0.95	0.92	0.58
Loss (Gain) on Equity Investments	-	-	-43.36	-39.77	-35.29
Provision & Write-off of Bad Debts	103	-	-	-5.22	-13.12
Other Operating Activities	152.03	252.38	10.74	141.82	32.95
Change in Accounts Receivable	2.08	-22.23	-10.03	-28.76	1.48
Change in Accounts Payable	-28.35	4.53	17.46	9.41	-3.22
Change in Income Taxes	-4.96	13.02	-1.22	-14.5	-6.39
Change in Other Net Operating Assets	19.13	-11.61	342.09	-43.1	-57.43
Operating Cash Flow	351.17	450.34	491.34	296.3	338.6
Operating Cash Flow Growth	-22.02%	-8.34%	65.82%	-12.49%	22.58%
Capital Expenditures	-9.27	-8.29	-11.49	-7.42	-2
Sale (Purchase) of Intangibles	-109.44	-173.26	-275.41	-158.62	-169.23
Investment in Securities	-	-	-	-	0.8
Other Investing Activities	49	33.84	37.97	35.42	40.14
Investing Cash Flow	-69.72	-147.7	-248.92	-130.62	-130.29
Long-Term Debt Issued	22.03	2	8.49	248.95	115
Long-Term Debt Repaid	-268.29	-302.83	-249.67	-423.97	-284.81
Net Debt Issued (Repaid)	-246.25	-300.83	-241.19	-175.02	-169.81
Common Dividends Paid	-	-9.97	-7.94	-3.24	-7.15
Other Financing Activities	-	-	-	-1.63	-13.68
Financing Cash Flow	-246.25	-310.8	-249.13	-179.89	-190.64
Net Cash Flow	35.2	-8.17	-6.71	-14.21	17.67
Free Cash Flow	341.89	442.05	479.85	288.88	336.6
Free Cash Flow Growth	-22.66%	-7.88%	66.10%	-14.17%	23.27%
Free Cash Flow Margin	32.41%	38.35%	46.54%	25.75%	32.11%
Free Cash Flow Per Share	7.88	10.19	11.06	1.67	7.76
Cash Interest Paid	-	-	-	1.63	13.68
Levered Free Cash Flow	-143.04	-127.98	-95.46	72.55	210.45
Unlevered Free Cash Flow	-27.95	30.36	-57.33	174.88	227.65
Change in Working Capital	-12.1	-16.29	348.31	-76.95	-65.56

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