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	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	1,148	889.39	3,172	1,754	800.44	118.73
Short-Term Investments	4,072	4,715	2,479	154.56	31.35	2,389
Cash & Short-Term Investments	5,220	5,604	5,651	1,909	831.8	2,508
Cash Growth	19.41%	-0.83%	196.05%	129.46%	-66.84%	255.53%
Accounts Receivable	856.49	371.36	1,084	522.02	223.25	114.56
Other Receivables	591.46	644	800.92	159.9	41.02	54.8
Receivables	1,448	1,015	1,885	681.92	264.27	169.36
Inventory	813.55	749.91	940.41	814.82	187.47	16.62
Prepaid Expenses	99.56	94.12	153.95	164.56	77.38	11.35
Restricted Cash	39.31	39.51	30.62	287.22	-	-
Other Current Assets	608.77	714.48	544.4	108.32	209.78	8.03
Total Current Assets	8,229	8,217	9,205	3,965	1,571	2,713
Property, Plant & Equipment	21,088	21,050	19,326	5,264	1,405	973.5
Long-Term Investments	2,650	2,861	3,222	2,304	-	-
Other Intangible Assets	7,908	8,056	8,696	7,021	2,998	1,495
Long-Term Accounts Receivable	336.86	373.28	2,268	-	-	-
Long-Term Deferred Tax Assets	1,775	1,547	1,055	538.83	500.23	96.72
Other Long-Term Assets	622.96	603.7	691.67	1,026	1,497	174.69
Total Assets	42,610	42,708	44,464	20,120	7,971	5,453
Accounts Payable	1,552	1,450	2,403	1,315	246.67	53.61
Accrued Expenses	290.15	352.25	337.03	220.32	122	67.89
Short-Term Debt	-	-	-	-	108.22	-
Current Portion of Long-Term Debt	1,088	1,040	962.97	983.48	39.73	0.67
Current Portion of Leases	172.22	178.09	365.56	16.5	12.75	6.69
Current Income Taxes Payable	217.66	212.16	120.44	29.38	6.32	-
Current Unearned Revenue	664.58	923.74	-	-	-	-
Other Current Liabilities	3,349	1,622	1,249	771.62	355.8	438
Total Current Liabilities	7,333	5,778	5,438	3,337	891.49	566.86
Long-Term Debt	14,760	15,408	18,003	8,317	904.09	47.54
Long-Term Leases	3,812	4,062	4,150	28.81	37.82	19.04
Long-Term Deferred Tax Liabilities	712.42	892.63	652.21	68.29	79.43	89.45
Other Long-Term Liabilities	4,583	4,793	5,697	2,804	1,717	555.15
Total Liabilities	31,200	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	391.61	741.3	-612.51	297.18	-15.49	-269.55
Comprehensive Income & Other	-959.09	-944.63	-835.38	139.47	143.52	230.83
Total Common Equity	11,410	11,774	10,524	5,492	4,282	4,108
Minority Interest	-	-	-	72.65	58.84	67.56
Shareholders' Equity	11,410	11,774	10,524	5,565	4,341	4,175
Total Liabilities & Equity	42,610	42,708	44,464	20,120	7,971	5,453
Total Debt	19,832	20,689	23,481	9,346	1,103	73.94
Net Cash (Debt)	-14,612	-15,085	-17,831	-7,437	-270.81	2,434
Net Cash Growth	-	-	-	-	-	3309.67%
Net Cash Per Share	-31.30	-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	896.44	2,439	3,767	628.99	679.22	2,147
Book Value Per Share	24.56	25.35	22.67	22.89	21.09	20.28
Tangible Book Value	3,502	3,718	1,828	-1,529	1,285	2,613
Tangible Book Value Per Share	7.54	8.00	3.94	-6.37	6.33	12.90
Land	6.68	6.68	19.11	-	-	-
Machinery	5,045	4,872	2,467	2,631	452.38	-
Construction In Progress	2,439	2,601	5,523	1,163	242.91	-

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