BVMF:LAND3 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
Period Ending	Jun '25 Jun 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
Net Income	16.32	7.33	35.21	137.17	38.02	36.71
Depreciation & Amortization	3.16	3.4	3.93	5.8	5.44	1.63
Gain (Loss) on Sale of Assets	-3.49	-1.77	-	3.33	2.03	0
Gain (Loss) on Sale of Investments	-5.26	-4.64	-4.11	-2.74	-0.77	-0.04
Change in Accounts Receivable	-0.04	-0.3	8.58	-1.31	-27.45	-49.59
Change in Accounts Payable	-	-	-	-	-	-0.01
Change in Other Net Operating Assets	5.05	4.45	-1.46	-5.1	-31.86	2.24
Other Operating Activities	23.92	18.16	15.55	-84.77	36.89	12.08
Operating Cash Flow	41.23	27.47	53.72	45.57	115.31	6.13
Operating Cash Flow Growth	71.65%	-48.87%	17.86%	-60.48%	1781.06%	-
Acquisition of Real Estate Assets	-0.02	-0.19	-0.57	-0.54	-	-0
Sale of Real Estate Assets	6.3	2.58	-	-	-	-
Net Sale / Acq. of Real Estate Assets	6.28	2.39	-0.57	-0.54	-	-0
Investing Cash Flow	6.28	2.39	-0.57	-0.54	-74.75	27.86
Long-Term Debt Issued	-	35.51	121.17	26	-	-
Long-Term Debt Repaid	-	-50.25	-44	-66.87	-49.51	-
Net Debt Issued (Repaid)	-45.25	-14.74	77.17	-40.87	-49.51	-
Repurchase of Common Stock	-	-	-	-5.15	-	-
Common Dividends Paid	-7.33	-8.36	-130.28	-19.71	-	-
Other Financing Activities	-	-	-	-0.47	-2.03	-0.22
Net Cash Flow	-5.08	6.75	0.03	-21.16	-10.98	33.77
Cash Interest Paid	9.09	9.09	9.41	7.84	9.23	0.06
Cash Income Tax Paid	7.58	7.58	12.25	8.03	-	-
Levered Free Cash Flow	9.49	9	-2.36	99.48	5.04	-
Unlevered Free Cash Flow	17.29	17.22	5.72	107.04	12.47	-
Change in Working Capital	5.9	4.41	-1.51	-13.21	33.7	-44.41

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.