BVMF:ARML3 Balance Sheet

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	239.64	210.91	254.41	938.36	1,668
Short-Term Investments	914.9	430.58	475.19	-	-
Cash & Short-Term Investments	1,155	641.49	729.6	938.36	1,668
Cash Growth	79.98%	-12.08%	-22.25%	-43.75%	1867.89%
Accounts Receivable	404.66	562.23	325.6	237.5	170.5
Other Receivables	13.45	8.49	33.32	68.33	32.84
Receivables	418.11	570.72	358.92	305.83	203.34
Inventory	84.1	76.06	56.53	34.81	17.3
Other Current Assets	469.56	76.47	42.9	11.61	8.39
Total Current Assets	2,126	1,365	1,188	1,291	1,897
Property, Plant & Equipment	2,964	3,011	2,639	2,313	1,251
Long-Term Investments	8	-	-	-	-
Goodwill	166.41	166.41	95.34	95.34	99.3
Other Intangible Assets	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	51.31	60.2	29.9	2.1	1.06
Total Assets	5,341	4,637	3,983	3,731	3,281
Accounts Payable	625.81	434.26	396.3	284.24	49.58
Accrued Expenses	51.42	67.23	54.75	35.84	21.29
Current Portion of Long-Term Debt	60.81	73.56	261.37	56.58	163.74
Current Portion of Leases	11.88	8.24	8.51	5.14	6.88
Current Income Taxes Payable	25.04	19.28	9.31	5.82	5.4
Other Current Liabilities	56.22	37.8	17.61	5.43	64.51
Total Current Liabilities	831.18	640.36	747.85	393.05	311.41
Long-Term Debt	2,796	2,317	1,789	2,008	1,710
Long-Term Leases	106.25	80.43	78.13	70.01	30.3
Long-Term Deferred Tax Liabilities	126.36	169.04	121.58	86.03	72.7
Other Long-Term Liabilities	150.62	119.69	16.51	15.27	44.3
Total Liabilities	4,010	3,326	2,753	2,572	2,169
Common Stock	1,009	1,009	1,004	1,004	1,002
Retained Earnings	229.34	204.19	140.79	77.51	28.4
Treasury Stock	-0.56	-3.48	-4.79	-8.12	-
Comprehensive Income & Other	41.8	49.04	89.9	85.1	81.94
Total Common Equity	1,279	1,259	1,230	1,159	1,113
Minority Interest	50.88	52.39	-	-	-
Shareholders' Equity	1,330	1,311	1,230	1,159	1,113
Total Liabilities & Equity	5,341	4,637	3,983	3,731	3,281
Total Debt	2,975	2,479	2,137	2,140	1,911
Net Cash (Debt)	-1,820	-1,838	-1,407	-1,201	-242.89
Net Cash Per Share	-5.26	-5.31	-4.07	-3.47	-0.70
Filing Date Shares Outstanding	346.4	346.2	345.61	345.33	345.76
Total Common Shares Outstanding	346.4	346.2	345.61	345.33	345.76
Working Capital	1,295	724.37	440.08	897.56	1,586
Book Value Per Share	3.69	3.64	3.56	3.35	3.22
Tangible Book Value	1,088	1,058	1,114	1,039	981.61
Tangible Book Value Per Share	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.