Alupar Investimento Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Equivalents	792.53	685.88	807.23	823.21	850.48	377.12
Short-Term Investments	2,979	1,912	1,702	155.38	138.09	0.97
Trading Asset Securities	-	-	-	1,185	1,005	839.6
Accounts Receivable	2,466	2,441	2,382	2,274	2,239	2,093
Other Receivables	270.76	251.35	208.34	178.97	173.3	98.88
Inventory	10.78	10.47	9.77	10.28	9.2	8.25
Prepaid Expenses	11.13	-	-	-	13.6	8.25
Other Current Assets	1,768	924.47	1,134	793.65	963.32	974.78
Total Current Assets	8,298	6,226	6,244	5,420	5,392	4,401
Property, Plant & Equipment	5,718	5,878	5,996	5,590	5,324	4,710
Other Intangible Assets	469.16	447	364.83	268.01	269.69	281.56
Long-Term Investments	887.23	861.67	399.31	234	169.12	263.88
Long-Term Deferred Tax Assets	175.31	173.79	110.61	58.8	53.27	20.21
Long-Term Accounts Receivable	18,645	18,374	17,458	16,741	16,620	15,928
Other Long-Term Assets	149.26	154.16	116.01	124.75	105.73	115.85
Total Assets	34,342	32,114	30,689	28,436	27,934	25,720
Accounts Payable	285.81	186.27	190.97	188.48	235.59	195.55
Accrued Expenses	225.23	207.67	191.47	186.13	199.87	160.17
Short-Term Debt	185.68	189.66	272.95	88.07	-	247.18
Current Portion of Long-Term Debt	1,307	1,255	1,696	2,047	1,151	704.02
Current Unearned Revenue	-	28.16	-	-	-	-
Current Portion of Leases	5.77	6	9.41	8.08	8.53	9.71
Current Income Taxes Payable	59.56	49.33	61.46	63.55	100.2	65.55
Other Current Liabilities	448.25	622.29	631.64	666.93	862.98	1,065
Total Current Liabilities	2,518	2,544	3,054	3,249	2,558	2,448
Long-Term Debt	13,057	11,143	10,714	9,639	10,494	9,097
Long-Term Leases	15.95	18.09	37.14	38.01	36.26	38.71
Long-Term Unearned Revenue	575.61	598.05	487.78	276.67	116.5	-
Long-Term Deferred Tax Liabilities	3,377	3,333	2,881	2,891	2,701	2,572
Other Long-Term Liabilities	1,969	1,902	1,791	1,714	1,657	1,563
Total Liabilities	21,512	19,538	18,966	17,807	17,562	15,718
Common Stock	4,023	4,023	3,674	3,311	2,982	2,982
Retained Earnings	5,162	4,964	4,460	3,997	3,979	3,482
Comprehensive Income & Other	101.46	176.63	106.51	48.07	-2.77	86.9
Total Common Equity	9,287	9,164	8,240	7,356	6,958	6,551
Minority Interest	3,543	3,413	3,483	3,273	3,414	3,450
Shareholders' Equity	12,830	12,577	11,724	10,629	10,372	10,002
Total Liabilities & Equity	34,342	32,114	30,689	28,436	27,934	25,720
Total Debt	14,572	12,611	12,730	11,821	11,690	10,096
Net Cash (Debt)	-10,800	-10,013	-10,220	-9,657	-9,697	-8,878
Net Cash Per Share	-33.13	-30.72	-31.38	-29.66	-29.42	-26.93
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	5,780	3,681	3,190	2,171	2,834	1,953
Book Value Per Share	28.17	27.80	25.00	22.31	21.11	19.87
Tangible Book Value	8,818	8,717	7,875	7,088	6,688	6,270
Tangible Book Value Per Share	26.75	26.44	23.89	21.50	20.29	19.02
Land	107.45	104.45	103.75	93.19	89.05	88.87
Buildings	1,385	1,462	1,474	1,226	1,233	1,256
Machinery	4,014	4,060	2,976	2,661	2,138	2,142
Construction In Progress	88.55	91	1,089	1,068	1,186	414.91