Veste S.A. Estilo (BVMF:VSTE3)

Veste S.A. Estilo Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	51.1	24.41	0.67	22.78	55.28	-804.31
Depreciation & Amortization	90.17	90.38	86.28	170.93	180.04	710.85
Other Amortization	86.72	86.4	85.76	-	-	-
Asset Writedown & Restructuring Costs	2.72	2.72	1.82	-1.41	0.37	0.02
Stock-Based Compensation	1.08	2.42	-	-	-	-
Provision & Write-off of Bad Debts	2.49	2.49	2.74	2.78	20.16	7.42
Other Operating Activities	45.78	47.02	24.78	-7.58	-88.25	136.92
Change in Accounts Receivable	-84.9	-58.4	-66.82	-4.91	32.46	-53.82
Change in Inventory	23.72	30.85	45.29	-25.03	-48.82	23.71
Change in Accounts Payable	6.78	-2.76	7.5	-32.79	12.72	0.58
Change in Income Taxes	-4.89	-4.15	49.62	77.71	49.21	73.62
Change in Other Net Operating Assets	14.7	6.38	0.32	-26.2	-14.27	16.72
Operating Cash Flow	234.2	227.77	237.95	176.28	198.9	111.71
Operating Cash Flow Growth	-0.63%	-4.28%	34.98%	-11.37%	78.05%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-39.17	-37.56	-37.75	-65.64	-29.82	-14.03
Sale (Purchase) of Intangibles	-88.32	-91.46	-92.11	-99.64	-100.94	-72.66
Investment in Securities	-	19.64	-2.73	-2.76	-2.2	-0.72
Other Investing Activities	0.02	-	0.04	0.1	0.22	-0.24
Investing Cash Flow	-127.47	-109.37	-132.56	-167.95	-132.75	-87.65

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	22.39	86.84	144.82	71.07
Long-Term Debt Issued	-	37.29	-	-	-	5.87
Total Debt Issued	37.29	37.29	22.39	86.84	144.82	76.94
Short-Term Debt Repaid	-	-	-49.55	-104.69	-137.3	-46.94
Long-Term Debt Repaid	-	-93.24	-77.07	-74.08	-75.75	-76.12
Total Debt Repaid	-96.8	-93.24	-126.62	-178.77	-213.05	-123.05
Net Debt Issued (Repaid)	-59.51	-55.96	-104.23	-91.93	-68.23	-46.12
Issuance of Common Stock	0.33	0.33	10.05	80	20.11	-
Common Dividends Paid	-0.16	-0.16	-5.4	-13.13	-	-
Other Financing Activities	-58.15	-57.41	-1.72	-0.91	-3.35	-
Financing Cash Flow	-117.48	-113.19	-101.31	-25.96	-51.48	-46.12

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-10.75	5.21	4.08	-17.63	14.68	-22.06

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	195.03	190.22	200.2	110.64	169.08	97.68
Free Cash Flow Growth	-1.74%	-4.98%	80.94%	-34.56%	73.10%	-
Free Cash Flow Margin	15.36%	15.45%	18.01%	9.97%	15.86%	11.15%
Free Cash Flow Per Share	1.70	1.66	1.76	0.98	1.59	11.35
Levered Free Cash Flow	54.65	55.75	38.58	-84.29	248.64	274.4
Unlevered Free Cash Flow	91.83	94.34	73.4	-84.29	248.64	274.4

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	57.39	56.8	0.39	-	0.39	-
Change in Working Capital	-44.6	-28.07	35.9	-11.21	31.3	60.81

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 11, 2026

Data Sources Report a data error