Bradespar 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	256	18.4	287.95	246.2	408.7	294.71
Cash & Short-Term Investments	256	18.4	287.95	246.2	408.7	294.71
Cash Growth	-64.00%	-93.61%	16.96%	-39.76%	38.68%	371.06%
Other Receivables	-	546.64	72.28	-	240.89	-
Receivables	-	546.64	72.28	-	240.89	-
Prepaid Expenses	0.48	0.04	0.38	0.01	0.28	-
Other Current Assets	0.04	0.04	-	-	-	-
Total Current Assets	256.52	565.13	360.61	246.21	649.87	294.71
Property, Plant & Equipment	0.87	0.9	1.01	0.03	0.14	0.06
Long-Term Investments	7,520	7,345	8,154	7,511	7,269	7,048
Other Intangible Assets	3.94	4.07	2.31	0.44	0.97	0.97
Other Long-Term Assets	88.69	84.71	89.28	132.64	141.91	209.69
Total Assets	7,870	8,000	8,607	7,890	8,062	7,554
Accrued Expenses	1.09	0.47	0.31	-	-	-
Current Portion of Leases	0.51	0.36	0.34	0.08	0.13	0.1
Current Income Taxes Payable	1.08	0.39	0.28	0.48	4.74	0.97
Other Current Liabilities	40.16	346.6	120.48	55.39	579.18	48.97
Total Current Liabilities	42.84	347.82	121.41	55.95	584.04	50.04
Long-Term Leases	3.7	3.97	2.11	0.49	0.98	0.97
Total Liabilities	46.54	351.79	123.52	56.44	585.02	51.01
Common Stock	5,600	5,600	4,600	4,600	3,100	500.13
Retained Earnings	3,561	3,007	4,707	4,387	4,670	5,258
Comprehensive Income & Other	-1,337	-959.61	-824.02	-1,153	-293.56	1,745
Shareholders' Equity	7,824	7,648	8,483	7,834	7,477	7,503
Total Liabilities & Equity	7,870	8,000	8,607	7,890	8,062	7,554
Total Debt	4.21	4.33	2.45	0.57	1.1	1.07
Net Cash (Debt)	251.79	14.07	285.5	245.63	407.6	293.64
Net Cash Growth	-64.36%	-95.07%	16.23%	-39.74%	38.81%	376.13%
Net Cash Per Share	-	0.04	0.73	0.62	1.04	0.75
Filing Date Shares Outstanding	-	393.1	393.1	393.1	393.1	393.1
Total Common Shares Outstanding	-	393.1	393.1	393.1	393.1	393.1
Working Capital	213.68	217.31	239.2	190.27	65.83	244.67
Book Value Per Share	-	19.46	21.58	19.93	19.02	19.09
Tangible Book Value	7,820	7,644	8,481	7,834	7,476	7,502
Tangible Book Value Per Share	-	19.44	21.58	19.93	19.02	19.08

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