Zenvia 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	Jun '25 Jun 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	-120.79	-154.66	-60.77	-243.03	-44.65	-21.43
Depreciation & Amortization	88.66	92.02	87.81	74.99	41.13	27.29
Stock-Based Compensation	7.76	5.3	2.55	2.95	1.07	-
Other Adjustments	17.27	53.3	93.88	203	-41.61	23.84
Change in Receivables	-47.27	-39.85	-45.22	-0.07	-45.65	-26.31
Changes in Accounts Payable	68.67	99.84	82.73	107.02	35.96	52.11
Changes in Accrued Expenses	-12.86	-19.85	-10.9	-5.73	2.21	-1.76
Changes in Other Operating Activities	86.47	71.67	12.48	-30.68	-45.74	-7.59
Operating Cash Flow	101.19	241.49	351.73	247.42	-175.14	99.25
Operating Cash Flow Growth	70.58%	-31.34%	42.16%	-	-	64.86%
Capital Expenditures	3.83	-4.32	-3	-7.2	-5.95	-4.75
Sale of Property, Plant & Equipment	0.36	0.36	-	-	-	-
Purchases of Intangible Assets	-47.12	-54.16	-52.66	-42.5	-13.47	-12.57
Proceeds from Sale of Investments	-	-	8.16	-	2.23	1.07
Payments for Business Acquisitions	-	-	-	-300.09	-326.86	-45.34
Other Investing Activities	3.33	-4.49	-6.4	-	-7.01	-
Investing Cash Flow	-39.46	-62.62	-53.9	-349.78	-351.05	-61.59
Long-Term Debt Issued	61.71	103.87	30	34	88	62
Long-Term Debt Repaid	-77.63	-65.42	-107.71	-74.07	-41.65	-33.21
Net Long-Term Debt Issued (Repaid)	-15.92	38.45	-77.71	-40.07	46.35	28.79
Issuance of Common Stock	12.87	51.39	-	-	1,031	36.41
Net Common Stock Issued (Repurchased)	12.87	51.39	-	-	1,031	36.41
Other Financing Activities	-63.53	-80.73	-66.06	-175.78	-142.67	-3.15
Financing Cash Flow	-29.83	9.11	-143.77	-215.85	935.03	62.05
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.95	-1.12	-1.38	-24.82	35.53	1.03
Net Cash Flow	-56.8	53.14	-36.5	-481.99	522.25	47.64
Free Cash Flow	41.11	237.16	348.73	240.22	-181.08	94.51
Free Cash Flow Growth	-82.66%	-31.99%	45.17%	-	-	71.53%
FCF Margin	3.75%	24.71%	43.18%	31.74%	-29.57%	21.99%
Free Cash Flow Per Share	-	4.70	8.35	5.78	-5.55	-
Levered Free Cash Flow	98.29	123.15	30.39	-144.69	29.32	72.65
Unlevered Free Cash Flow	218.34	243.31	157.22	-72.62	-4.09	49.22

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.