Elektro Redes 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	958	915	971	986	822	Upgrade
Depreciation & Amortization	451	393	368	315	298	Upgrade
Asset Writedown	30	45	30	22	10	Upgrade
Change in Accounts Receivable	-243	-	-253	388	-224	Upgrade
Change in Accounts Payable	51	-18	78	33	-191	Upgrade
Change in Other Net Operating Assets	-734	103	-82	284	-724	Upgrade
Other Operating Activities	107	144	190	267	1	Upgrade
Operating Cash Flow	620	1,582	1,302	2,295	-8	Upgrade
Operating Cash Flow Growth	-60.81%	21.50%	-43.27%	-	-	Upgrade
Sale (Purchase) of Intangibles	-1,147	-1,041	-890	-1,126	-747	Upgrade
Investment in Securities	9	3	4	-8	-4	Upgrade
Investing Cash Flow	-1,138	-1,038	-886	-1,134	-751	Upgrade
Long-Term Debt Issued	2,000	2,300	1,000	750	2,550	Upgrade
Long-Term Debt Repaid	-1,058	-928	-592	-762	-1,707	Upgrade
Net Debt Issued (Repaid)	942	1,372	408	-12	843	Upgrade
Common Dividends Paid	-916	-1,973	-722	-1,428	-628	Upgrade
Other Financing Activities	128	145	28	182	256	Upgrade
Financing Cash Flow	154	-456	-286	-1,258	471	Upgrade
Net Cash Flow	-364	88	130	-97	-288	Upgrade
Free Cash Flow	620	1,582	1,302	2,295	-8	Upgrade
Free Cash Flow Growth	-60.81%	21.50%	-43.27%	-	-	Upgrade
Free Cash Flow Margin	6.21%	16.96%	14.96%	27.36%	-0.09%	Upgrade
Free Cash Flow Per Share	3.20	8.16	6.72	11.85	-0.04	Upgrade
Cash Interest Paid	9	5	4	3	3	Upgrade
Cash Income Tax Paid	161	208	263	-	176	Upgrade
Levered Free Cash Flow	-700.75	510.38	360.75	645.63	-591.38	Upgrade
Unlevered Free Cash Flow	-127.63	921.63	709.5	945.63	-424.5	Upgrade
Change in Working Capital	-926	85	-257	705	-1,139	Upgrade

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