Investimentos Bemge 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	13.95	11.5	12.01	10.37	6.54	3.4	Upgrade
Other Operating Activities	-0.07	-0.05	-0.13	-0.15	-0.02	-0.02	Upgrade
Change in Income Taxes	1.29	2.47	1.33	-0.01	0.06	-0.02	Upgrade
Change in Other Net Operating Assets	-15.06	-13.81	-15.02	83.56	-2.24	-1.7	Upgrade
Operating Cash Flow	0.11	0.11	0.1	98.4	0.03	0.07	Upgrade
Operating Cash Flow Growth	17.53%	15.15%	-99.90%	307409.38%	-56.16%	-26.26%	Upgrade
Common Dividends Paid	-0.11	-0.11	-0.1	-	-0.03	-0.07	Upgrade
Financing Cash Flow	-0.11	-0.11	-0.1	-98.4	-0.03	-0.07	Upgrade
Cash Income Tax Paid	5.42	2.85	4	2.25	2.03	3.16	Upgrade
Levered Free Cash Flow	14.12	12.96	14.64	18.59	80.83	-77.98	Upgrade
Unlevered Free Cash Flow	14.12	12.96	14.64	18.59	80.83	-77.98	Upgrade
Change in Working Capital	-13.77	-11.34	-11.78	88.18	-6.49	-3.31	Upgrade

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