Semantix 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 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-44.07	-52.1	-328.39	-68.19	-19.43
Depreciation & Amortization	-0.68	1.03	2.83	2.22	2.31
Other Amortization	-	-	14.99	5.73	-
Loss (Gain) From Sale of Assets	-	-	-	0.09	-
Asset Writedown & Restructuring Costs	1.81	7.63	-	-	-
Stock-Based Compensation	-	-	4.03	7.76	1.8
Provision & Write-off of Bad Debts	-8.66	-2.63	14.74	18.37	0.47
Other Operating Activities	3.28	-26.66	172.97	9.96	1.61
Change in Accounts Receivable	29.93	41.2	-116.92	-23.65	-16.88
Change in Accounts Payable	-3.85	-5.71	30.41	36.53	14.84
Change in Unearned Revenue	1.32	-	-	-	-
Change in Income Taxes	-5.53	10.17	4.55	-0.27	-0.97
Change in Other Net Operating Assets	130.95	-9.43	-10.21	-4.86	5.21
Operating Cash Flow	104.49	-36.49	-211.01	-16.3	-11.05
Capital Expenditures	-	-0.96	-0.52	-0.62	-0.62
Cash Acquisitions	-	-	-24.14	-	-26.61
Sale (Purchase) of Intangibles	-	-	-36.94	-21.25	-15.11
Other Investing Activities	0.14	-19.83	-	-	-
Investing Cash Flow	0.14	-20.79	-61.6	-21.87	-42.34
Long-Term Debt Issued	1.89	60.29	122.02	120.18	29.5
Long-Term Debt Repaid	-4.91	-53.08	-190.91	-11	-0.94
Net Debt Issued (Repaid)	-3.02	7.21	-68.9	109.17	28.56
Issuance of Common Stock	-	-	0.28	-	21.57
Repurchase of Common Stock	-	-	-0.51	-	-
Other Financing Activities	-	-	630.08	-42.87	-
Financing Cash Flow	-3.02	7.21	560.95	66.3	50.13
Foreign Exchange Rate Adjustments	-	0.49	-2.48	-1.92	0.84
Net Cash Flow	101.61	-49.58	285.87	26.21	-2.42
Free Cash Flow	104.49	-37.46	-211.53	-16.92	-11.68
Free Cash Flow Margin	137.81%	-44.73%	-80.71%	-7.99%	-9.46%
Free Cash Flow Per Share	0.17	-0.06	-606.48	-54.59	-37.67
Cash Interest Paid	-	-	29.27	5.12	0.68
Cash Income Tax Paid	-	-	-	0.92	-
Levered Free Cash Flow	2.49	-	30.42	-18.32	-6.29
Unlevered Free Cash Flow	26.23	-	48.76	-11.23	-5.53
Change in Working Capital	152.82	36.23	-92.16	7.76	2.19

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