Alupar Investimento Balance Sheet

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	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
Cash & Equivalents	569.03	807.23	823.21	850.48	377.12	674.61
Short-Term Investments	184.72	165.13	155.38	138.09	0.97	0.77
Trading Asset Securities	1,681	1,537	1,185	1,005	839.6	1,175
Accounts Receivable	2,459	2,382	2,274	2,239	2,093	1,706
Other Receivables	254.57	208.34	178.97	173.3	98.88	141.24
Inventory	9.69	9.77	10.28	9.2	8.25	7.86
Prepaid Expenses	12.46	-	-	13.6	8.25	5.83
Other Current Assets	916.9	1,134	793.65	963.32	974.78	373
Total Current Assets	6,087	6,244	5,420	5,392	4,401	4,084
Property, Plant & Equipment	5,730	5,996	5,590	5,324	4,710	4,672
Other Intangible Assets	374.85	364.83	268.01	269.69	281.56	198
Long-Term Investments	803.79	399.31	234	169.12	263.88	230.59
Long-Term Deferred Tax Assets	177.28	110.61	58.8	53.27	20.21	6.69
Long-Term Accounts Receivable	18,160	17,458	16,741	16,620	15,928	13,331
Other Long-Term Assets	144.57	116.01	124.75	105.73	115.85	53.44
Total Assets	31,478	30,689	28,436	27,934	25,720	22,577
Accounts Payable	153.22	190.97	188.48	235.59	195.55	382.48
Accrued Expenses	205.11	191.47	186.13	199.87	160.17	182.21
Short-Term Debt	106.47	27.67	88.07	-	247.18	-
Current Portion of Long-Term Debt	1,313	1,941	2,047	1,151	704.02	823.62
Current Unearned Revenue	23.4	-	-	-	-	-
Current Portion of Leases	9.96	9.41	8.08	8.53	9.71	7.39
Current Income Taxes Payable	80.53	61.46	63.55	100.2	65.55	63.64
Other Current Liabilities	498.25	631.64	666.93	862.98	1,065	830.82
Total Current Liabilities	2,390	3,054	3,249	2,558	2,448	2,290
Long-Term Debt	11,016	10,714	9,639	10,494	9,097	8,152
Long-Term Leases	32.32	37.14	38.01	36.26	38.71	28.3
Long-Term Unearned Revenue	557.51	487.78	276.67	116.5	-	-
Long-Term Deferred Tax Liabilities	3,236	2,881	2,891	2,701	2,572	1,926
Other Long-Term Liabilities	1,886	1,791	1,714	1,657	1,563	1,236
Total Liabilities	19,118	18,966	17,807	17,562	15,718	13,632
Common Stock	4,023	3,674	3,311	2,982	2,982	2,982
Retained Earnings	4,889	4,460	3,997	3,979	3,482	2,727
Comprehensive Income & Other	87.24	106.51	48.07	-2.77	86.9	40.74
Total Common Equity	9,000	8,240	7,356	6,958	6,551	5,750
Minority Interest	3,361	3,483	3,273	3,414	3,450	3,195
Shareholders' Equity	12,360	11,724	10,629	10,372	10,002	8,945
Total Liabilities & Equity	31,478	30,689	28,436	27,934	25,720	22,577
Total Debt	12,478	12,730	11,821	11,690	10,096	9,011
Net Cash (Debt)	-10,043	-10,220	-9,657	-9,697	-8,878	-7,160
Net Cash Per Share	-30.81	-31.38	-29.66	-29.42	-26.93	-21.72
Filing Date Shares Outstanding	329.63	329.63	329.63	329.63	329.63	329.63
Total Common Shares Outstanding	329.63	329.63	329.63	329.63	329.63	329.63
Working Capital	3,697	3,190	2,171	2,834	1,953	1,794
Book Value Per Share	27.30	25.00	22.31	21.11	19.87	17.44
Tangible Book Value	8,625	7,875	7,088	6,688	6,270	5,552
Tangible Book Value Per Share	26.17	23.89	21.50	20.29	19.02	16.84
Land	103.54	103.75	93.19	89.05	88.87	89.03
Buildings	1,388	1,474	1,226	1,233	1,256	561.14
Machinery	2,960	2,976	2,661	2,138	2,142	1,901
Construction In Progress	1,043	1,089	1,068	1,186	414.91	1,211

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.