Nvni Group 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	-96.4	-68.71	-244.3	-112.43	-73.86
Depreciation & Amortization	19.56	19.85	18.72	17.23	13.58
Stock-Based Compensation	0.05	0.91	6.26	9.88	3.74
Other Adjustments	99.36	85.12	229.55	104.63	60.06
Change in Receivables	4.36	-0.76	-2.52	0.15	-3.03
Changes in Accounts Payable	-4.39	14.15	38.96	2.02	-3.32
Changes in Accrued Expenses	1.39	0.88	-1.12	3.65	2.13
Changes in Income Taxes Payable	-11.36	-14.26	-7.09	-5.27	-5.42
Changes in Unearned Revenue	0.19	0.59	-0.68	-0.55	4.33
Changes in Other Operating Activities	-4.72	0.8	-34.96	-5.13	-4.93
Operating Cash Flow	8.05	38.58	2.81	14.2	-6.73
Operating Cash Flow Growth	-79.14%	1273.48%	-80.21%	-	-
Capital Expenditures	-1.06	-1.83	-3.57	-1.33	-1.09
Purchases of Intangible Assets	-6.05	-14.23	-8.65	-2.99	-2.72
Cash Acquisitions	-1.77	-	-	-	-90.98
Investing Cash Flow	-8.88	-16.06	-12.22	-4.32	-94.79
Long-Term Debt Issued	27.09	9.06	18.62	17.71	88.53
Long-Term Debt Repaid	-38.88	-17.94	-9.45	-10.1	-13.96
Net Long-Term Debt Issued (Repaid)	-11.79	-8.88	9.17	7.61	74.57
Issuance of Common Stock	85.74	13.83	29.06	3.75	50.84
Net Common Stock Issued (Repurchased)	85.74	13.83	29.06	3.75	50.84
Other Financing Activities	-71.48	-20.84	-25.43	-24.12	-14.64
Financing Cash Flow	2.47	-15.88	12.79	-12.76	110.77
Foreign Exchange Rate Adjustments	-6.22	-	-	-	-
Net Cash Flow	-4.58	6.64	3.38	-2.89	9.25
Free Cash Flow	6.99	36.75	-0.76	12.87	-7.81
Free Cash Flow Growth	-80.99%	-	-	-	-
FCF Margin	3.55%	19.01%	-0.45%	10.33%	-8.69%
Free Cash Flow Per Share	0.74	12.14	-0.33	7.30	-4.89
Levered Free Cash Flow	-125.1	-74.87	-235.28	-96.17	2.15
Unlevered Free Cash Flow	-46.63	38.94	-181.69	-86.58	-27.73

SEC Filings: 10-K · 10-Q