Bradespar 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	2019 - 2015
Period Ending	Sep '25 Sep 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	2019 - 2015
Net Income	1,129	1,192	1,897	3,728	8,079	1,467	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-0.03	-	-	Upgrade
Loss (Gain) on Equity Investments	-1,131	-1,188	-1,894	-3,698	-8,081	-1,506	Upgrade
Other Operating Activities	-25.64	-12.61	-10.86	-20.56	-5.01	1.44	Upgrade
Change in Income Taxes	-33.4	-37.18	-32.62	-30.67	-24.37	-26.93	Upgrade
Change in Other Net Operating Assets	751.68	835.44	1,030	1,284	4,283	1,043	Upgrade
Operating Cash Flow	691.36	790.04	989.17	1,262	4,252	978.55	Upgrade
Operating Cash Flow Growth	-38.83%	-20.13%	-21.60%	-70.33%	334.57%	707.44%	Upgrade
Capital Expenditures	-	-1.1	-0	-0.2	-	-	Upgrade
Sale of Property, Plant & Equipment	-	-	-	0.07	-	-	Upgrade
Investing Cash Flow	-	-1.1	-0	-0.13	-	-	Upgrade
Long-Term Debt Repaid	-	-	-	-	-	-229.31	Upgrade
Total Debt Repaid	-	-	-	-	-	-229.31	Upgrade
Net Debt Issued (Repaid)	-	-	-	-	-	-229.31	Upgrade
Common Dividends Paid	-717.27	-747.2	-1,152	-1,145	-4,020	-887.86	Upgrade
Financing Cash Flow	-717.27	-747.2	-1,152	-1,145	-4,020	-1,117	Upgrade
Net Cash Flow	-25.91	41.75	-162.5	116.25	232.15	-138.62	Upgrade
Free Cash Flow	691.36	788.94	989.16	1,262	4,252	978.55	Upgrade
Free Cash Flow Growth	-38.77%	-20.24%	-21.59%	-70.34%	334.57%	708.22%	Upgrade
Free Cash Flow Per Share	1.76	2.01	2.52	3.21	10.82	2.49	Upgrade
Cash Income Tax Paid	33.4	37.18	32.62	30.67	24.37	26.93	Upgrade
Levered Free Cash Flow	-70.32	-41.83	-327.67	260.12	327.45	-311.18	Upgrade
Unlevered Free Cash Flow	-70.23	-41.83	-327.67	260.12	328.02	-307.2	Upgrade
Change in Working Capital	718.29	798.26	997.5	1,253	4,259	1,016	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.