Vivara Participações 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	619.5	653.39	369.24	360.85	298.49
Depreciation & Amortization	145.42	141.48	124.83	113.94	71.83
Other Amortization	17.43	13.05	9.25	-	-
Asset Writedown & Restructuring Costs	0.15	1.04	0.7	-1.76	0.47
Stock-Based Compensation	-	-	5.33	4.76	0.47
Provision & Write-off of Bad Debts	0.11	-0.23	0.64	-0.4	0.28
Other Operating Activities	-97.06	-100.92	-39.21	-68.17	-60.18
Change in Accounts Receivable	-39.85	-124.14	-167.68	-131.62	-121.8
Change in Inventory	-145.82	-550.63	-73.55	-182.62	-168.19
Change in Accounts Payable	-181.69	201.17	-42.06	-12.35	104.36
Change in Income Taxes	150.23	-62.07	-9.02	-49.19	66.25
Change in Other Net Operating Assets	0.44	-21.45	22.97	29.86	27.78
Operating Cash Flow	468.87	150.68	201.47	63.31	219.77
Operating Cash Flow Growth	211.16%	-25.21%	218.23%	-71.19%	-12.82%
Capital Expenditures	-69.91	-107.44	-151.58	-109.01	-80.7
Sale (Purchase) of Intangibles	-10.53	-21.58	-26.61	-28.72	-23.37
Investment in Securities	4.53	83.87	151.49	105.28	-103.51
Investing Cash Flow	-75.91	-45.15	-26.69	-32.45	-207.59
Long-Term Debt Issued	446.64	238.18	160	60	120.34
Total Debt Issued	446.64	238.18	160	60	120.34
Long-Term Debt Repaid	-201.17	-187.13	-171.1	-166.22	-260.96
Total Debt Repaid	-201.17	-187.13	-171.1	-166.22	-260.96
Net Debt Issued (Repaid)	245.47	51.05	-11.1	-106.22	-140.61
Repurchase of Common Stock	-2.53	-6.97	-11.11	-14.69	-
Common Dividends Paid	-319.18	-87.69	-85.7	-12.71	-12.48
Other Financing Activities	-196.23	-5.26	-5.4	-62.79	-10.82
Financing Cash Flow	-272.47	-48.87	-113.32	-196.41	-163.91
Net Cash Flow	120.49	56.66	61.46	-165.55	-151.73
Free Cash Flow	398.96	43.24	49.89	-45.7	139.07
Free Cash Flow Growth	822.65%	-13.33%	-	-	-34.19%
Free Cash Flow Margin	13.18%	1.68%	2.28%	-2.48%	9.48%
Free Cash Flow Per Share	1.70	0.18	0.21	-0.19	0.59
Cash Interest Paid	92.44	83.55	77.57	73.37	46.94
Cash Income Tax Paid	84.02	72.61	43.22	43.44	38.57
Levered Free Cash Flow	2.64	-67.54	-145.52	-111.25	130.86
Unlevered Free Cash Flow	94.4	-1.04	-95.21	-53.8	130.86
Change in Working Capital	-216.69	-557.13	-269.33	-345.91	-91.59

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