Azevedo & Travassos 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	30.07	3.15	2.09	11.67	19.34
Cash & Short-Term Investments	30.07	3.15	2.09	11.67	19.34
Cash Growth	854.30%	50.77%	-82.09%	-39.65%	321.97%
Accounts Receivable	98.62	66.82	79.46	89.68	33.97
Other Receivables	11.02	12.67	31.58	28.86	11.09
Receivables	109.64	79.48	111.05	118.54	45.07
Inventory	20.4	17.67	24.31	43.21	37.37
Prepaid Expenses	5.18	0.87	2.2	3.77	0.49
Other Current Assets	76.14	24.89	16.99	2.19	15.25
Total Current Assets	241.42	126.06	156.64	179.37	117.53
Property, Plant & Equipment	78.21	69.85	242.63	79.97	60.59
Long-Term Investments	534.52	-	-	-	-
Other Intangible Assets	122.19	260.88	139.21	166.18	199.5
Long-Term Deferred Tax Assets	158.04	190.55	114.31	74.95	-
Other Long-Term Assets	39.97	40.9	71.69	46.37	41.49
Total Assets	1,174	688.23	724.48	546.84	419.11
Accounts Payable	126.22	88.56	73.74	39.84	27.64
Accrued Expenses	118.91	137.25	207.26	100.57	42.81
Short-Term Debt	180.15	66.21	-	-	-
Current Portion of Long-Term Debt	18.48	3.6	29.32	33.87	19.01
Current Portion of Leases	4.49	5.55	0.5	16.97	-
Current Income Taxes Payable	0.66	0.38	-	-	0.44
Other Current Liabilities	84.35	12.32	7.2	36.97	7.89
Total Current Liabilities	533.27	313.86	318.02	228.22	97.78
Long-Term Debt	11.31	2.67	8.35	9.66	-
Long-Term Leases	25.79	31.42	0.94	6.8	-
Long-Term Deferred Tax Liabilities	10.38	1.49	6.1	32.13	29.59
Other Long-Term Liabilities	481.87	202.42	73.96	173.03	184.76
Total Liabilities	1,063	551.85	407.36	449.84	312.14
Common Stock	1,209	651.19	565.44	294.52	224.52
Retained Earnings	-1,097	-514.81	-248.32	-197.52	-117.55
Total Common Equity	111.7	136.38	317.12	97	106.97
Shareholders' Equity	111.7	136.38	317.12	97	106.97
Total Liabilities & Equity	1,174	688.23	724.48	546.84	419.11
Total Debt	240.22	109.45	39.1	67.3	19.01
Net Cash (Debt)	-210.15	-106.3	-37.01	-55.63	0.33
Net Cash Per Share	-0.35	-0.54	-0.22	-0.72	0.01
Filing Date Shares Outstanding	592.76	197.59	167.81	77.18	54.45
Total Common Shares Outstanding	592.76	197.59	167.81	77.18	54.45
Working Capital	-291.86	-187.8	-161.38	-48.85	19.74
Book Value Per Share	0.19	0.69	1.89	1.26	1.96
Tangible Book Value	-10.48	-124.5	177.91	-69.18	-92.53
Tangible Book Value Per Share	-0.02	-0.63	1.06	-0.90	-1.70
Land	25	-	-	34.09	34.09
Machinery	39.81	34.91	-	35.68	27.6
Construction In Progress	-	-	-	-	0.03
Leasehold Improvements	0.24	0.24	-	0.24	-
Order Backlog	34,500	-	-	-	380

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