BVMF:BEES3 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	2020 - 2016
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	2020 - 2016
Net Income	339.92	428.63	323.8	344.64	230.52	Upgrade
Depreciation & Amortization	101.52	100.22	80.32	79.24	71.67	Upgrade
Other Amortization	20.99	-	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-2	58.05	36.97	73.88	-16.93	Upgrade
Provision for Credit Losses	223.04	108.66	244.62	59.04	76.29	Upgrade
Change in Income Taxes	-137.41	-161.32	-112.31	-174.1	-112	Upgrade
Change in Other Net Operating Assets	71.72	-6,867	161.54	4,824	1,418	Upgrade
Other Operating Activities	-1,932	-2,093	-2,823	-1,650	-607.31	Upgrade
Operating Cash Flow	-1,314	-8,426	-2,088	3,556	1,060	Upgrade
Operating Cash Flow Growth	-	-	-	235.41%	-	Upgrade
Capital Expenditures	-138.07	-119.74	-110.69	-63.12	-60.29	Upgrade
Sale of Property, Plant and Equipment	76.82	101.11	71.32	54.07	58.35	Upgrade
Investment in Securities	1,951	10,614	-2,866	-6,660	95.98	Upgrade
Purchase / Sale of Intangibles	-102.03	-221.49	-76.2	-66.83	-50.75	Upgrade
Other Investing Activities	253.42	346.26	421.89	384.49	-13.58	Upgrade
Investing Cash Flow	2,041	10,720	-2,560	-6,351	29.72	Upgrade
Common Dividends Paid	-30	-58	-57	-	-109.07	Upgrade
Net Increase (Decrease) in Deposit Accounts	1,227	458.58	2,203	1,885	2,497	Upgrade
Other Financing Activities	-205.78	-158.5	-142.32	-184.31	-	Upgrade
Financing Cash Flow	991.1	242.08	2,004	1,700	2,388	Upgrade
Net Cash Flow	1,718	2,536	-2,644	-1,094	3,478	Upgrade
Free Cash Flow	-1,452	-8,545	-2,198	3,493	1,000	Upgrade
Free Cash Flow Growth	-	-	-	249.32%	-	Upgrade
Free Cash Flow Margin	-87.13%	-502.51%	-149.09%	240.74%	86.60%	Upgrade
Free Cash Flow Per Share	-4.18	-24.59	-6.33	10.05	2.88	Upgrade
Cash Income Tax Paid	137.41	161.32	112.31	174.1	112	Upgrade

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