Nvni Group Limited (NVNIF)

Nvni Group 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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-70.53	-112.92	-86.17	-254.71	-114.41	-77.7
Depreciation & Amortization	10.11	10.25	10.47	18.72	9.47	7.36
Other Amortization	9.31	9.31	9.38	-	7.77	6.22
Loss (Gain) From Sale of Assets	0.25	36	0.06	1.59	0.12	0.13
Asset Writedown & Restructuring Costs	14.55	14.55	18.34	8.43	72.4	9.38
Stock-Based Compensation	0	0.05	0.91	6.26	9.88	3.74
Provision & Write-off of Bad Debts	-0.45	-0.53	0.05	1.39	0.02	0.6
Other Operating Activities	52.4	48.97	71.25	218.92	27.43	48.82
Change in Accounts Receivable	0.08	4.36	-0.76	-2.52	0.15	-3.03
Change in Accounts Payable	7.06	-4.39	14.15	38.96	2.02	-3.32
Change in Unearned Revenue	-0.61	0.19	0.59	-0.68	-0.55	4.33
Change in Income Taxes	2.12	5.54	-1.36	2.53	1.37	-0.46
Change in Other Net Operating Assets	1.03	-3.33	1.68	-36.08	-1.48	-2.8
Operating Cash Flow	25.32	8.05	38.58	2.81	14.2	-6.73
Operating Cash Flow Growth	31.68%	-79.14%	1273.48%	-80.21%	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-0.42	-1.06	-1.83	-3.57	-1.33	-1.09
Cash Acquisitions	-1.49	-1.77	-	-	-	-90.98
Sale (Purchase) of Intangibles	-5.39	-6.05	-14.23	-8.65	-2.99	-2.72
Investing Cash Flow	-7.3	-8.88	-16.06	-12.22	-4.32	-94.79

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	27.09	9.06	18.62	17.71	88.53
Total Debt Issued	33.52	27.09	9.06	18.62	17.71	88.53
Long-Term Debt Repaid	-	-39.97	-19.04	-10.5	-11.17	-14.56
Lease Payments	-1.23	-1.08	-1.1	-1.05	-1.06	-0.6
Net Debt Issued (Repaid)	14.07	-12.88	-9.98	8.11	6.55	73.97
Issuance of Common Stock	-	85.74	13.83	29.06	3.75	50.84
Other Financing Activities	-40.55	-70.4	-19.74	-24.38	-23.06	-14.05
Financing Cash Flow	-26.48	2.47	-15.88	12.79	-12.76	110.77

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	1.87	-6.22	-	-	-	-
Net Cash Flow	-6.59	-4.58	6.64	3.38	-2.89	9.25

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	24.91	6.99	36.75	-0.76	12.87	-7.81
Free Cash Flow Growth	39.81%	-80.99%	-	-	-	-
Free Cash Flow Margin	12.71%	3.55%	19.02%	-0.45%	10.33%	-8.69%
Free Cash Flow Per Share	2.43	0.74	12.14	-0.33	7.30	-0.71
Levered Free Cash Flow	27.81	-35.09	49.61	-3.03	127.08	127.55
Unlevered Free Cash Flow	66.02	2.43	94.45	9.2	136.96	132.09
Free Cash Flow After Leases	23.67	5.9	35.65	-1.81	11.8	-8.41

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	10.3	6.03	8.33	14.78	12.6	3.55
Cash Income Tax Paid	18.87	16.89	12.9	9.62	6.64	4.95
Change in Working Capital	9.67	2.37	14.3	2.22	1.52	-5.28

Data Source: S&P Global Market Intelligence Last updated: Sep 21, 2026

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

Update frequency:

Semi-annually

Last checked:

Oct 9, 2026

Data Sources Report a data error