Bradespar 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	1,129	1,192	1,897	3,728	8,079	1,467
Loss (Gain) From Sale of Assets	-	-	-	-0.03	-	-
Loss (Gain) on Equity Investments	-1,131	-1,188	-1,894	-3,698	-8,081	-1,506
Other Operating Activities	-25.64	-12.61	-10.86	-20.56	-5.01	1.44
Change in Income Taxes	-33.4	-37.18	-32.62	-30.67	-24.37	-26.93
Change in Other Net Operating Assets	751.68	835.44	1,030	1,284	4,283	1,043
Operating Cash Flow	691.36	790.04	989.17	1,262	4,252	978.55
Operating Cash Flow Growth	-38.83%	-20.13%	-21.60%	-70.33%	334.57%	707.44%
Capital Expenditures	-	-1.1	-0	-0.2	-	-
Sale of Property, Plant & Equipment	-	-	-	0.07	-	-
Investing Cash Flow	-	-1.1	-0	-0.13	-	-
Long-Term Debt Repaid	-	-	-	-	-	-229.31
Total Debt Repaid	-	-	-	-	-	-229.31
Net Debt Issued (Repaid)	-	-	-	-	-	-229.31
Common Dividends Paid	-717.27	-747.2	-1,152	-1,145	-4,020	-887.86
Financing Cash Flow	-717.27	-747.2	-1,152	-1,145	-4,020	-1,117
Net Cash Flow	-25.91	41.75	-162.5	116.25	232.15	-138.62
Free Cash Flow	691.36	788.94	989.16	1,262	4,252	978.55
Free Cash Flow Growth	-38.77%	-20.24%	-21.59%	-70.34%	334.57%	708.22%
Free Cash Flow Per Share	1.76	2.01	2.52	3.21	10.82	2.49
Cash Income Tax Paid	33.4	37.18	32.62	30.67	24.37	26.93
Levered Free Cash Flow	-70.32	-41.83	-327.67	260.12	327.45	-311.18
Unlevered Free Cash Flow	-70.23	-41.83	-327.67	260.12	328.02	-307.2
Change in Working Capital	718.29	798.26	997.5	1,253	4,259	1,016

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