BVMF:CEDO4 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	3.05	5.88	81.94	16.15	12.82
Short-Term Investments	8.87	7.72	-	-	-
Trading Asset Securities	-	-	2.81	3.65	7.65
Cash & Short-Term Investments	11.92	13.6	84.75	19.8	20.47
Cash Growth	-12.30%	-83.96%	328.03%	-3.29%	-27.59%
Accounts Receivable	130.02	148.23	135.43	196.74	161.21
Other Receivables	25.83	21.25	74.34	67.66	39.56
Receivables	155.85	169.48	209.77	264.41	200.78
Inventory	177.21	194.49	174.83	196.55	193.29
Restricted Cash	-	-	-	-	1.51
Other Current Assets	20.23	10.5	5.96	5.37	6.24
Total Current Assets	365.21	388.07	475.31	486.12	422.29
Property, Plant & Equipment	422.2	415.28	362.17	337.73	324.52
Long-Term Investments	0.1	0.1	0.09	0.07	0.07
Goodwill	-	0.89	0.83	0.83	0.83
Other Intangible Assets	0.85	0.83	0.28	0.31	0.73
Long-Term Accounts Receivable	0.06	-	-	-	-
Long-Term Deferred Tax Assets	32.47	24.71	-	-	-
Other Long-Term Assets	101.46	114.2	43.51	53.95	81.97
Total Assets	922.34	944.07	882.19	879.02	830.42
Accounts Payable	57.67	90.26	63.88	153.02	183.85
Accrued Expenses	48.07	59.42	52.7	51.29	44.25
Short-Term Debt	38.2	33.84	1.6	11.66	15.11
Current Portion of Long-Term Debt	133.77	94.82	107.14	139.09	98.32
Current Portion of Leases	10.14	9.16	3.68	4.61	3.34
Current Income Taxes Payable	-	0.45	0.15	1.07	-
Other Current Liabilities	57.26	26.2	111.24	180.72	140.3
Total Current Liabilities	345.11	314.14	340.38	541.46	485.18
Long-Term Debt	234.4	251.41	240.29	109.5	113.64
Long-Term Leases	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	54.41	44.76	62.21	71.04	49.63
Total Liabilities	644.66	633.48	682.19	759.2	683.58
Common Stock	151.35	150	150	150	150
Retained Earnings	126.32	155.62	45.08	-35.27	-17.32
Comprehensive Income & Other	-	3.4	3.4	-	-
Total Common Equity	277.67	309.02	198.48	114.73	132.68
Minority Interest	-	1.58	1.52	5.09	14.16
Shareholders' Equity	277.67	310.6	200.01	119.82	146.84
Total Liabilities & Equity	922.34	944.07	882.19	879.02	830.42
Total Debt	427.26	412.39	369.52	280.22	241.83
Net Cash (Debt)	-415.33	-398.8	-284.77	-260.42	-221.35
Net Cash Per Share	-41.49	-39.88	-28.48	-26.04	-22.14
Filing Date Shares Outstanding	10.01	10	10	10	10
Total Common Shares Outstanding	10.01	10	10	10	10
Working Capital	20.1	73.93	134.93	-55.34	-62.89
Book Value Per Share	27.74	30.90	19.85	11.47	13.27
Tangible Book Value	276.83	307.3	197.37	113.59	131.11
Tangible Book Value Per Share	27.65	30.73	19.74	11.36	13.11
Land	55.39	55.38	54.16	54.16	54.16
Buildings	175.83	166.11	161.99	152.83	148.89
Machinery	566.51	526.63	487.67	460.52	451.64
Construction In Progress	8.21	38.33	26.31	26.54	20.22

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