Brava Energia 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	Jun '26 Jun 30, 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	984.18	889.39	3,172	1,754	800.44	118.73
Short-Term Investments	3,630	4,715	2,479	154.56	31.35	2,389
Cash & Short-Term Investments	4,614	5,604	5,651	1,909	831.8	2,508
Cash Growth	0.50%	-0.83%	196.05%	129.46%	-66.84%	255.53%
Accounts Receivable	503.71	371.36	1,084	522.02	223.25	114.56
Other Receivables	728.45	644	800.92	159.9	41.02	54.8
Receivables	1,232	1,015	1,885	681.92	264.27	169.36
Inventory	693.05	749.91	940.41	814.82	187.47	16.62
Prepaid Expenses	89.74	94.12	153.95	164.56	77.38	11.35
Restricted Cash	46.68	39.51	30.62	287.22	-	-
Other Current Assets	493.43	714.48	544.4	108.32	209.78	8.03
Total Current Assets	7,170	8,217	9,205	3,965	1,571	2,713
Property, Plant & Equipment	21,296	21,050	19,326	5,264	1,405	973.5
Long-Term Investments	2,693	2,861	3,222	2,304	-	-
Other Intangible Assets	7,736	8,056	8,696	7,021	2,998	1,495
Long-Term Accounts Receivable	367.25	373.28	2,268	-	-	-
Long-Term Deferred Tax Assets	1,732	1,547	1,055	538.83	500.23	96.72
Other Long-Term Assets	669.32	603.7	691.67	1,026	1,497	174.69
Total Assets	41,663	42,708	44,464	20,120	7,971	5,453
Accounts Payable	1,445	1,450	2,403	1,315	246.67	53.61
Accrued Expenses	424.46	352.25	337.03	220.32	122	67.89
Short-Term Debt	-	-	-	-	108.22	-
Current Portion of Long-Term Debt	747.09	1,040	962.97	983.48	39.73	0.67
Current Portion of Leases	175.44	178.09	365.56	16.5	12.75	6.69
Current Income Taxes Payable	320.4	212.16	120.44	29.38	6.32	-
Current Unearned Revenue	422.37	923.74	-	-	-	-
Other Current Liabilities	2,175	1,622	1,249	771.62	355.8	438
Total Current Liabilities	5,710	5,778	5,438	3,337	891.49	566.86
Long-Term Debt	14,323	15,408	18,003	8,317	904.09	47.54
Long-Term Leases	3,740	4,062	4,150	28.81	37.82	19.04
Long-Term Deferred Tax Liabilities	963.66	892.63	652.21	68.29	79.43	89.45
Other Long-Term Liabilities	4,644	4,793	5,697	2,804	1,717	555.15
Total Liabilities	29,380	30,934	33,940	14,555	3,630	1,278
Common Stock	11,978	11,978	11,972	5,056	4,154	4,147
Retained Earnings	1,263	741.3	-612.51	297.18	-15.49	-269.55
Comprehensive Income & Other	-957.8	-944.63	-835.38	139.47	143.52	230.83
Total Common Equity	12,282	11,774	10,524	5,492	4,282	4,108
Minority Interest	-	-	-	72.65	58.84	67.56
Shareholders' Equity	12,282	11,774	10,524	5,565	4,341	4,175
Total Liabilities & Equity	41,663	42,708	44,464	20,120	7,971	5,453
Total Debt	18,985	20,689	23,481	9,346	1,103	73.94
Net Cash (Debt)	-14,371	-15,085	-17,831	-7,437	-270.81	2,434
Net Cash Growth	-	-	-	-	-	3309.67%
Net Cash Per Share	-30.72	-32.33	-53.30	-32.73	-1.32	16.57
Filing Date Shares Outstanding	464.54	464.54	464.16	239.98	203.09	202.59
Total Common Shares Outstanding	464.54	464.54	464.16	239.98	203.09	202.59
Working Capital	1,459	2,439	3,767	628.99	679.22	2,147
Book Value Per Share	26.44	25.35	22.67	22.89	21.09	20.28
Tangible Book Value	4,546	3,718	1,828	-1,529	1,285	2,613
Tangible Book Value Per Share	9.79	8.00	3.94	-6.37	6.33	12.90
Land	6.68	6.68	19.11	-	-	-
Machinery	5,158	4,872	2,467	2,631	452.38	-
Construction In Progress	3,022	2,601	5,523	1,163	242.91	-