PagSeguro Digital 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	2,118	2,116	1,654	1,505	1,166
Depreciation & Amortization	1,808	1,601	1,356	1,131	768.59
Loss (Gain) From Sale of Assets	182.68	207.51	295.99	270.9	28.39
Stock-Based Compensation	112.1	178.69	144.62	127.39	370.63
Other Operating Activities	6,275	3,544	4,038	4,514	2,339
Change in Accounts Receivable	-6,214	-21,419	-10,531	-17,854	-9,303
Change in Inventory	-	5.23	-20.26	36.26	-132.4
Change in Accounts Payable	-53.9	148.6	63.5	-133.85	243.59
Change in Unearned Revenue	-35.45	-0.76	2.12	-36.34	-33.69
Change in Income Taxes	-246.77	-262.69	67.35	180.1	-48.06
Change in Other Net Operating Assets	3,617	10,464	6,931	13,809	5,583
Operating Cash Flow	7,562	-3,416	4,000	3,549	898.01
Operating Cash Flow Growth	-	-	12.70%	295.20%	-58.28%
Capital Expenditures	-1,040	-1,132	-951.56	-1,096	-972.27
Cash Acquisitions	-	-	-31.31	-	-43.37
Sale (Purchase) of Intangibles	-1,237	-1,189	-1,037	-1,040	-779.56
Investment in Securities	-22.94	490.55	-684.12	-48.13	324.25
Investing Cash Flow	-2,300	-1,830	-2,704	-2,185	-1,471
Short-Term Debt Issued	-	-	-	250	1,012
Long-Term Debt Issued	6,199	8,883	300	-	-
Total Debt Issued	6,199	8,883	300	250	1,012
Short-Term Debt Repaid	-	-	-	-1,213	-
Long-Term Debt Repaid	-8,524	-4,804	-126.59	-18.18	-15.15
Total Debt Repaid	-8,524	-4,804	-126.59	-1,231	-15.15
Net Debt Issued (Repaid)	-2,325	4,079	173.42	-981.32	996.94
Repurchase of Common Stock	-1,330	-784.46	-399.41	-291.44	-257.99
Common Dividends Paid	-617.06	-	-	-	-
Other Financing Activities	-60.54	-19.52	-	-56.93	-11.71
Financing Cash Flow	-4,333	3,275	-225.99	-1,330	727.24
Miscellaneous Cash Flow Adjustments	0	-	-	-	0
Net Cash Flow	929.84	-1,971	1,070	34.74	154.3
Free Cash Flow	6,522	-4,548	3,048	2,453	-74.27
Free Cash Flow Growth	-	-	24.27%	-	-
Free Cash Flow Margin	33.04%	-24.81%	19.44%	16.18%	-0.72%
Free Cash Flow Per Share	21.90	-14.23	9.41	7.45	-0.22
Cash Interest Paid	-	-	-	56.93	-
Cash Income Tax Paid	187.91	157.34	82.63	89.9	76.78
Levered Free Cash Flow	9,104	-13,059	-1,192	-187.23	-439.02
Unlevered Free Cash Flow	12,061	-11,024	255.89	1,012	-211.74
Change in Working Capital	-2,934	-11,064	-3,488	-3,998	-3,775

Updated Mar 4, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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