BVMF:WLMM4 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	86.48	129.4	114.64	117.3	105.73
Depreciation & Amortization	22.28	10.35	4.8	3.96	3.95
Other Amortization	0.01	0.01	0.01	0.02	-
Loss (Gain) From Sale of Assets	-1.32	1.44	-1.32	-2.75	0.67
Asset Writedown & Restructuring Costs	3.81	0.53	10.92	5.79	-7.61
Loss (Gain) From Sale of Investments	0.1	0.09	0.07	0.11	0.1
Loss (Gain) on Equity Investments	1.8	-0.67	-0.13	-0.12	-0.03
Provision & Write-off of Bad Debts	0.14	0.23	-0.56	0.64	-0.79
Other Operating Activities	36.18	30.8	-1.03	-63.09	-50.1
Change in Accounts Receivable	-13.53	58.18	-143.6	-53.12	-14.77
Change in Inventory	-15.18	-168.07	-16.13	-166.27	-30.59
Change in Accounts Payable	71.33	-25.67	33.88	10.17	4.97
Change in Income Taxes	-5.46	-32.6	23.39	14.86	39.62
Change in Other Net Operating Assets	93.51	17.15	-0.48	-11.84	4.29
Operating Cash Flow	280.16	21.17	24.46	-144.35	55.44
Operating Cash Flow Growth	1223.52%	-13.46%	-	-	-51.72%
Capital Expenditures	-180.2	-115.26	-41.45	-16.93	-17.21
Sale of Property, Plant & Equipment	8.49	0.14	3.51	5.58	2.31
Sale (Purchase) of Intangibles	-7.45	-30.51	-	-0.1	-0.09
Investment in Securities	-15.74	-22.43	0.83	108.95	-4.31
Other Investing Activities	0.3	-	-	-	-
Investing Cash Flow	-194.6	-168.07	-37.11	97.5	-19.3
Long-Term Debt Issued	657.49	803.61	420.29	56.25	2.16
Total Debt Issued	657.49	803.61	420.29	56.25	2.16
Short-Term Debt Repaid	-0.42	-0.13	-	-	-0.1
Long-Term Debt Repaid	-580.14	-579.84	-336.13	-6.44	-5.38
Total Debt Repaid	-580.56	-579.96	-336.13	-6.44	-5.48
Net Debt Issued (Repaid)	76.93	223.65	84.16	49.8	-3.32
Common Dividends Paid	-32.48	-24.85	-14.94	-19.46	-12.89
Other Financing Activities	-46.37	-55.35	-37.28	-16.63	-9.59
Financing Cash Flow	-1.93	143.45	31.94	13.71	-25.8
Net Cash Flow	83.64	-3.45	19.29	-33.13	10.34
Free Cash Flow	99.96	-94.09	-16.99	-161.27	38.23
Free Cash Flow Growth	-	-	-	-	-63.23%
Free Cash Flow Margin	3.31%	-3.01%	-0.71%	-8.14%	2.07%
Free Cash Flow Per Share	2.75	-2.58	-0.47	-4.43	1.05
Cash Interest Paid	28.72	31.41	11.82	0.89	0.42
Cash Income Tax Paid	38.45	68.75	38.87	47.36	36.48
Levered Free Cash Flow	44.64	-168.25	-52.83	-164.94	34.17
Unlevered Free Cash Flow	74.67	-157.15	-47.68	-163.66	35.02
Change in Working Capital	130.67	-151.01	-102.96	-206.21	3.51

Source: S&P Global Market Intelligence. Standard template. Financial Sources.