sham
'adjusted' just means removal of any one-offs or strange things
adjusted to exclude certain non-cash, extraordinary and non-recurring items
which there is little if nothing, so wont be too far from eoy ebitda
from ce1
Adjusted EBITDA is calculated as net income (loss) before interest and financing expenses, income taxes, depletion, depreciation
and amortisation, and adjusted to exclude certain non-cash, extraordinary and non-recurring items primarily relating to bargain
purchase gains, gains and losses on financial instruments, transaction and advisory costs and impairment losses. Calima utilises
adjusted EBITDA as a measure of operational performance and cash flow generating capability. Adjusted EBITDA impacts the level
and extent of funding for capital projects investments or returning capital to shareholders.
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