Trisul 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	203.79	171.56	123.88	67.91	120.55
Depreciation & Amortization	27	24.74	25.7	23.33	17.91
Other Amortization	1.43	-	-	-	-
Asset Writedown & Restructuring Costs	-1.53	13.68	-10.01	-5.11	1.17
Loss (Gain) on Equity Investments	-7.78	-18.91	-47.64	-18.14	-8.44
Provision & Write-off of Bad Debts	1.79	33.11	4.51	4.45	-6.01
Other Operating Activities	59.09	21.13	122.51	88.89	59.54
Change in Accounts Receivable	-254.17	-168.56	-259.24	-85.1	136.59
Change in Inventory	189.4	355.51	223.77	-100.53	14.83
Change in Accounts Payable	-20.57	29.07	0.38	-3	-5.6
Change in Unearned Revenue	-55.57	-61.09	-	-	-
Change in Income Taxes	-1.92	-3.05	-22.22	-20.41	-19.18
Change in Other Net Operating Assets	-94.68	-54.21	-160.56	-224.16	-394.36
Operating Cash Flow	46.27	342.96	1.08	-271.88	-83.01
Operating Cash Flow Growth	-86.51%	31538.38%	-	-	-
Capital Expenditures	-39.36	-	-17.74	-22.57	-25.4
Sale of Property, Plant & Equipment	-	21.35	-	-	-
Sale (Purchase) of Intangibles	-1.36	-1.01	-1.85	-1.39	-1.78
Investment in Securities	-0.31	10.26	-30.3	9.94	9.11
Investing Cash Flow	-41.04	30.59	-49.88	-14.03	-18.08
Short-Term Debt Issued	7.89	7.05	-	-	-
Long-Term Debt Issued	227.61	-	134.77	253.71	95.33
Total Debt Issued	235.49	7.05	134.77	253.71	95.33
Long-Term Debt Repaid	-	-226.32	-	-	-
Net Debt Issued (Repaid)	235.49	-219.27	134.77	253.71	95.33
Repurchase of Common Stock	-	-12.39	-	-	-27.27
Common Dividends Paid	-154	-36	-24.98	-39.96	-44.99
Other Financing Activities	-9.69	-18.13	-9.34	-4.99	-13.2
Financing Cash Flow	71.8	-285.8	100.45	208.75	9.88
Net Cash Flow	77.04	87.76	51.65	-77.15	-91.21
Free Cash Flow	6.91	342.96	-16.65	-294.46	-108.41
Free Cash Flow Growth	-97.98%	-	-	-	-
Free Cash Flow Margin	0.50%	25.47%	-1.59%	-38.73%	-14.00%
Free Cash Flow Per Share	0.03	1.47	-0.07	-1.24	-0.45
Cash Interest Paid	55.67	56.94	61.28	47.86	21.52
Cash Income Tax Paid	33.35	31.14	22.22	20.41	19.18
Levered Free Cash Flow	-302.95	89.05	-239.56	-230.86	75.97
Unlevered Free Cash Flow	-269.05	120.6	-207.91	-192.3	93.98
Change in Working Capital	-237.51	97.66	-217.87	-433.21	-267.72

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.