BVMF:ARML3 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	161.97	239.64	210.91	254.41	938.36	1,668
Short-Term Investments	871.88	914.9	430.58	475.19	-	-
Cash & Short-Term Investments	1,034	1,155	641.49	729.6	938.36	1,668
Cash Growth	43.28%	79.98%	-12.08%	-22.25%	-43.75%	1867.89%
Accounts Receivable	342.38	404.66	562.23	325.6	237.5	170.5
Other Receivables	70.43	13.45	8.49	33.32	68.33	32.84
Receivables	412.81	418.11	570.72	358.92	305.83	203.34
Inventory	93.61	84.1	76.06	56.53	34.81	17.3
Other Current Assets	470.16	469.56	76.47	42.9	11.61	8.39
Total Current Assets	2,010	2,126	1,365	1,188	1,291	1,897
Property, Plant & Equipment	3,335	2,964	3,011	2,639	2,313	1,251
Long-Term Investments	13.67	8	-	-	-	-
Goodwill	-	166.41	166.41	95.34	95.34	99.3
Other Intangible Assets	204.79	24.96	34.62	20.33	24.38	31.79
Long-Term Deferred Charges	-	0.04	0.04	9.75	5.32	0.9
Other Long-Term Assets	64.29	51.31	60.2	29.9	2.1	1.06
Total Assets	5,629	5,341	4,637	3,983	3,731	3,281
Accounts Payable	508.77	625.81	434.26	396.3	284.24	49.58
Accrued Expenses	48.44	51.42	67.23	54.75	35.84	21.29
Current Portion of Long-Term Debt	216.83	60.81	73.56	261.37	56.58	163.74
Current Portion of Leases	20.08	11.88	8.24	8.51	5.14	6.88
Current Income Taxes Payable	32.03	25.04	19.28	9.31	5.82	5.4
Other Current Liabilities	105.21	56.22	37.8	17.61	5.43	64.51
Total Current Liabilities	931.36	831.18	640.36	747.85	393.05	311.41
Long-Term Debt	2,832	2,796	2,317	1,789	2,008	1,710
Long-Term Leases	125.13	106.25	80.43	78.13	70.01	30.3
Long-Term Deferred Tax Liabilities	128.26	126.36	169.04	121.58	86.03	72.7
Other Long-Term Liabilities	252.07	150.62	119.69	16.51	15.27	44.3
Total Liabilities	4,269	4,010	3,326	2,753	2,572	2,169
Common Stock	1,091	1,009	1,009	1,004	1,004	1,002
Retained Earnings	226	229.34	204.19	140.79	77.51	28.4
Treasury Stock	-	-0.56	-3.48	-4.79	-8.12	-
Comprehensive Income & Other	-38.7	41.8	49.04	89.9	85.1	81.94
Total Common Equity	1,278	1,279	1,259	1,230	1,159	1,113
Minority Interest	81.98	50.88	52.39	-	-	-
Shareholders' Equity	1,360	1,330	1,311	1,230	1,159	1,113
Total Liabilities & Equity	5,629	5,341	4,637	3,983	3,731	3,281
Total Debt	3,194	2,975	2,479	2,137	2,140	1,911
Net Cash (Debt)	-2,160	-1,820	-1,838	-1,407	-1,201	-242.89
Net Cash Per Share	-6.24	-5.26	-5.31	-4.07	-3.47	-0.70
Filing Date Shares Outstanding	346.4	346.4	346.2	345.61	345.33	345.76
Total Common Shares Outstanding	346.4	346.4	346.2	345.61	345.33	345.76
Working Capital	1,079	1,295	724.37	440.08	897.56	1,586
Book Value Per Share	3.69	3.69	3.64	3.56	3.35	3.22
Tangible Book Value	1,073	1,088	1,058	1,114	1,039	981.61
Tangible Book Value Per Share	3.10	3.14	3.05	3.22	3.01	2.84
Land	-	1.65	1.65	-	-	-
Machinery	-	3,423	3,460	2,892	2,444	1,234
Construction In Progress	-	54.99	62.86	43.66	41.09	56.14
Leasehold Improvements	-	89.83	48.57	44.53	34.78	1.19

Source: S&P Global Market Intelligence. Standard template. Financial Sources.