BVMF:CBAV3 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	1,268	1,142	1,350	849.08	1,449
Short-Term Investments	57.16	246.76	304.93	339.85	275.22
Cash & Short-Term Investments	1,325	1,389	1,655	1,189	1,725
Cash Growth	-4.56%	-16.10%	39.21%	-31.06%	38.76%
Accounts Receivable	632.23	493.54	382.44	496.31	698.25
Other Receivables	236.42	258.62	360.97	432.33	295.1
Receivables	868.64	752.15	743.41	928.63	993.35
Inventory	2,046	2,163	1,937	1,881	1,592
Other Current Assets	228.2	258.41	526.58	271.35	144.76
Total Current Assets	4,468	4,562	4,862	4,270	4,455
Property, Plant & Equipment	6,542	6,345	5,873	5,530	5,083
Long-Term Investments	273.77	237.79	277.13	360.59	205.04
Goodwill	184.22	184.22	184.22	-	166.27
Other Intangible Assets	688.6	683.92	717.09	956.78	831.66
Long-Term Deferred Tax Assets	563.56	875.02	302.33	155.62	253.94
Other Long-Term Assets	1,246	945.39	1,346	1,001	970.53
Total Assets	13,966	13,833	13,562	12,275	11,965
Accounts Payable	1,087	1,124	956.88	1,009	655.63
Accrued Expenses	208.17	220.92	198.72	170.93	162.24
Current Portion of Long-Term Debt	136.19	117.29	103.11	107.59	69.38
Current Portion of Leases	50.44	42.39	20.58	16.27	27.13
Current Income Taxes Payable	59.58	37.36	41.47	33.96	78.28
Other Current Liabilities	888.42	804.02	735.47	850.16	1,167
Total Current Liabilities	2,429	2,346	2,056	2,188	2,160
Long-Term Debt	4,139	4,512	4,241	2,861	3,037
Long-Term Leases	168.96	141.34	27.89	15.55	17.56
Long-Term Deferred Tax Liabilities	11.29	16.4	11.89	13.07	39.64
Other Long-Term Liabilities	2,703	2,806	2,520	1,874	1,996
Total Liabilities	9,452	9,821	8,858	6,951	7,249
Common Stock	4,554	4,956	4,935	4,705	4,705
Retained Earnings	92.29	-401.05	-234.11	673.53	183.38
Comprehensive Income & Other	-354.86	-770.12	-242.09	-283.03	-387.89
Total Common Equity	4,292	3,784	4,458	5,096	4,501
Minority Interest	222.62	227.22	245.72	227.93	215.18
Shareholders' Equity	4,515	4,012	4,704	5,323	4,716
Total Liabilities & Equity	13,966	13,833	13,562	12,275	11,965
Total Debt	4,495	4,813	4,393	3,001	3,151
Net Cash (Debt)	-3,170	-3,424	-2,738	-1,812	-1,426
Net Cash Per Share	-4.87	-5.26	-4.56	-3.10	-2.39
Filing Date Shares Outstanding	651.07	651.07	645.48	595.83	595.83
Total Common Shares Outstanding	651.07	651.07	645.48	595.83	595.83
Working Capital	2,039	2,216	2,806	2,083	2,295
Book Value Per Share	6.59	5.81	6.91	8.55	7.55
Tangible Book Value	3,419	2,916	3,557	4,139	3,503
Tangible Book Value Per Share	5.25	4.48	5.51	6.95	5.88
Land	352.23	343.65	335.02	-	153.86
Buildings	3,427	3,335	2,903	-	3,076
Machinery	9,441	9,047	7,515	-	7,285
Construction In Progress	1,049	1,007	1,169	-	546.29

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