BVMF:TTEN3 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	815.67	758.62	575.29	571.44	430.31
Depreciation & Amortization	119.39	95.36	57.6	37.75	27.46
Asset Writedown & Restructuring Costs	3.6	1.23	0.57	0.75	0.69
Loss (Gain) on Equity Investments	-	0.07	-	-	-
Stock-Based Compensation	4.38	6.33	9.18	11.78	13.31
Provision & Write-off of Bad Debts	30.84	21.35	8.63	0.62	0.9
Other Operating Activities	-42.83	136.03	-175.76	-26.34	95.03
Change in Accounts Receivable	-803.12	-75.73	-186.94	-331	-197.42
Change in Inventory	-550.27	-197.92	500.6	-562.08	-135.5
Change in Accounts Payable	831.5	-164.71	152.21	626.13	-155.35
Change in Income Taxes	-60.29	40.56	-95.76	-60.41	-23.28
Change in Other Net Operating Assets	253.43	105.01	17.9	-10.94	49.37
Operating Cash Flow	602.29	726.21	863.51	257.7	105.52
Operating Cash Flow Growth	-17.06%	-15.90%	235.08%	144.21%	31.94%
Capital Expenditures	-1,672	-696.97	-474.94	-716.07	-384.54
Cash Acquisitions	0.6	-0.93	-13.02	-	-
Sale (Purchase) of Intangibles	-33.09	-36.71	-18.78	-0.07	-
Investment in Securities	-125.88	211.31	46.95	676.19	-739
Investing Cash Flow	-1,831	-523.3	-459.8	-39.95	-1,124
Long-Term Debt Issued	4,111	1,440	1,042	923.61	875.55
Long-Term Debt Repaid	-1,644	-759.8	-954.49	-697.23	-815.05
Net Debt Issued (Repaid)	2,468	679.97	87.85	226.38	60.5
Issuance of Common Stock	7.7	6.42	7.22	11.33	1,153
Repurchase of Common Stock	-	-	-1.47	-	-
Common Dividends Paid	-95.06	-58.41	-57.24	-7.6	-25.72
Other Financing Activities	-288.44	-162.52	-135.89	-75.14	-70.8
Financing Cash Flow	2,092	465.46	-99.54	154.98	1,117
Net Cash Flow	863.21	668.38	304.17	372.72	98.9
Free Cash Flow	-1,070	29.25	388.57	-458.38	-279.02
Free Cash Flow Growth	-	-92.47%	-	-	-
Free Cash Flow Margin	-6.52%	0.23%	4.32%	-6.66%	-5.23%
Free Cash Flow Per Share	-2.12	0.06	0.77	-0.91	-0.62
Cash Interest Paid	-	162.52	135.89	74.84	-
Cash Income Tax Paid	-	113.15	4.26	21.18	16.66
Levered Free Cash Flow	-2,331	-47.7	92.25	-592.08	-584.38
Unlevered Free Cash Flow	-2,107	94.45	198.67	-592.08	-470.93
Change in Working Capital	-328.75	-292.78	388.01	-338.29	-462.17

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