BVMF:CEDO4 Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Assets

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	2.24	3.05	5.88	81.94	16.15	12.82
Short-Term Investments	-	8.87	7.72	-	-	-
Trading Asset Securities	7.93	-	-	2.81	3.65	7.65
Cash & Short-Term Investments	10.16	11.92	13.6	84.75	19.8	20.47
Cash Growth	26.97%	-12.30%	-83.96%	328.03%	-3.29%	-27.59%
Accounts Receivable	150.24	130.02	148.23	135.43	196.74	161.21
Other Receivables	21.17	25.83	21.25	74.34	67.66	39.56
Receivables	171.41	155.85	169.48	209.77	264.41	200.78
Inventory	171.15	177.21	194.49	174.83	196.55	193.29
Restricted Cash	0.42	-	-	-	-	1.51
Other Current Assets	12.53	20.23	10.5	5.96	5.37	6.24
Total Current Assets	365.67	365.21	388.07	475.31	486.12	422.29
Property, Plant & Equipment	425.66	422.2	415.28	362.17	337.73	324.52
Long-Term Investments	0.27	0.1	0.1	0.09	0.07	0.07
Goodwill	-	-	0.89	0.83	0.83	0.83
Other Intangible Assets	0.77	0.85	0.83	0.28	0.31	0.73
Long-Term Accounts Receivable	-	0.06	-	-	-	-
Long-Term Deferred Tax Assets	37.4	32.47	24.71	-	-	-
Other Long-Term Assets	100.07	101.46	114.2	43.51	53.95	81.97
Total Assets	929.84	922.34	944.07	882.19	879.02	830.42

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
Accounts Payable	67.06	57.67	90.26	63.88	153.02	183.85
Accrued Expenses	50.53	48.07	59.42	52.7	51.29	44.25
Short-Term Debt	34.23	38.2	33.84	1.6	11.66	15.11
Current Portion of Long-Term Debt	128.83	133.77	94.82	107.14	139.09	98.32
Current Portion of Leases	9.59	10.14	9.16	3.68	4.61	3.34
Current Income Taxes Payable	3.3	-	0.45	0.15	1.07	-
Other Current Liabilities	89	57.26	26.2	111.24	180.72	140.3
Total Current Liabilities	382.55	345.11	314.14	340.38	541.46	485.18
Long-Term Debt	220.5	234.4	251.41	240.29	109.5	113.64
Long-Term Leases	9.58	10.75	23.17	16.82	15.36	11.41
Long-Term Deferred Tax Liabilities	-	-	-	22.49	21.84	23.72
Other Long-Term Liabilities	57.72	54.41	44.76	62.21	71.04	49.63
Total Liabilities	670.34	644.66	633.48	682.19	759.2	683.58

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
Common Stock	151.35	151.35	150	150	150	150
Retained Earnings	52.11	126.32	155.62	45.08	-35.27	-17.32
Comprehensive Income & Other	56.05	-	3.4	3.4	-	-
Total Common Equity	259.51	277.67	309.02	198.48	114.73	132.68
Minority Interest	-	-	1.58	1.52	5.09	14.16
Shareholders' Equity	259.51	277.67	310.6	200.01	119.82	146.84
Total Liabilities & Equity	929.84	922.34	944.07	882.19	879.02	830.42

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
Total Debt	402.73	427.26	412.39	369.52	280.22	241.83
Net Cash (Debt)	-392.56	-415.33	-398.8	-284.77	-260.42	-221.35
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-39.20	-41.49	-39.88	-28.48	-26.04	-22.14
Filing Date Shares Outstanding	10.01	10.01	10	10	10	10
Total Common Shares Outstanding	10.01	10.01	10	10	10	10
Working Capital	-16.88	20.1	73.93	134.93	-55.34	-62.89
Book Value Per Share	25.92	27.74	30.90	19.85	11.47	13.27
Tangible Book Value	258.74	276.83	307.3	197.37	113.59	131.11
Tangible Book Value Per Share	25.84	27.65	30.73	19.74	11.36	13.11
Land	55.39	55.39	55.38	54.16	54.16	54.16
Buildings	177.05	175.83	166.11	161.99	152.83	148.89
Machinery	564.98	566.51	526.63	487.67	460.52	451.64
Construction In Progress	15.42	8.21	38.33	26.31	26.54	20.22