BVMF:UCAS3 Cash Flow Statement

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-2.34	12.45	15.17	32.95	25.94	14.83
Depreciation & Amortization	17.09	13.04	8.51	7.82	9.42	6.74
Other Amortization	0.8	0.45	0.41	0.42	-	0.5
Asset Writedown & Restructuring Costs	3.12	3.79	0.51	1.68	0.81	2.74
Provision & Write-off of Bad Debts	0.41	0.02	-1.89	0.42	0.29	0.37
Other Operating Activities	-1.3	-5.27	-7.75	-4.18	3.61	-0.98
Change in Accounts Receivable	-7.43	-3.73	11.2	0.96	-6.54	-0.77
Change in Inventory	-5.75	1.09	7.83	1.84	-13.78	-4.41
Change in Accounts Payable	2.98	1.3	-1.57	3.02	1.02	2.47
Change in Unearned Revenue	6.52	-8.58	4.41	-33.32	53.42	3.33
Change in Income Taxes	7.6	-1.2	1.2	0.05	-2.23	1.66
Change in Other Net Operating Assets	2.35	0.1	3.61	-7.31	0.22	2.09
Operating Cash Flow	24.05	13.46	41.61	4.34	72.17	28.59
Operating Cash Flow Growth	131.11%	-67.66%	858.49%	-93.98%	152.48%	-11.04%
Capital Expenditures	-31.9	-46.66	-32.07	-53	-30.95	-7.06
Sale (Purchase) of Intangibles	-0.56	-1.19	-3.13	-0.55	-0.64	-0.14
Investment in Securities	17.35	18.83	-35.52	23.32	-28.21	21.1
Investing Cash Flow	-15.12	-29.03	-70.72	-30.23	-59.8	13.91
Long-Term Debt Issued	-	23.54	49.23	-	17	-
Long-Term Debt Repaid	-	-7.29	-6.23	-4.74	-2.37	-
Net Debt Issued (Repaid)	7.51	16.25	43	-4.74	14.63	-
Repurchase of Common Stock	-	-	-	-	-	-24.27
Common Dividends Paid	-10.55	-11.67	-10.62	-	-6.99	-12.08
Other Financing Activities	-3.49	-3	-1.32	-6.34	-7.28	-4.39
Financing Cash Flow	-6.53	1.58	31.07	-11.08	0.35	-40.74
Foreign Exchange Rate Adjustments	-1.18	-1.77	0.61	0.24	-0.06	0.27
Net Cash Flow	1.23	-15.76	2.57	-36.72	12.67	2.02
Free Cash Flow	-7.85	-33.2	9.54	-48.66	41.22	21.53
Free Cash Flow Growth	-	-	-	-	91.51%	-26.03%
Free Cash Flow Margin	-3.30%	-14.65%	4.39%	-19.81%	18.68%	14.31%
Free Cash Flow Per Share	-0.12	-0.50	0.14	-0.74	0.62	0.33
Cash Interest Paid	3.49	3	1.32	1.47	1	-
Cash Income Tax Paid	1.28	3.77	5.64	5.69	7.42	3.98
Levered Free Cash Flow	-16.84	-49.65	-5.82	-56.03	33.83	-9.69
Unlevered Free Cash Flow	-12.41	-47.32	-4.99	-54.95	37.13	-9.69
Change in Working Capital	6.26	-11.02	26.66	-34.76	32.11	4.37

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.