BVMF:CEEB3 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	2,834	2,355	1,525	956	1,002	650
Short-Term Investments	145	6	-	-	33	44
Trading Asset Securities	-	279	29	18	-	-
Accounts Receivable	3,912	3,625	3,451	3,328	2,624	2,724
Other Receivables	744	704	606	1,216	1,310	1,300
Other Current Assets	937	654	735	557	419	918
Total Current Assets	8,572	7,623	6,346	6,075	5,388	5,636
Property, Plant & Equipment	50	43	46	39	40	41
Other Intangible Assets	4,859	4,841	4,607	5,073	5,360	5,650
Long-Term Investments	66	64	58	53	60	54
Long-Term Accounts Receivable	119	169	178	116	95	107
Other Long-Term Assets	24,073	23,121	20,048	16,527	14,690	12,909
Total Assets	37,739	35,861	31,283	27,883	25,633	24,397
Accounts Payable	1,619	1,425	1,088	1,050	887	825
Accrued Expenses	1,072	1,232	1,223	1,875	1,559	1,891
Current Portion of Long-Term Debt	-	2,515	2,707	2,876	2,347	1,498
Current Portion of Leases	17	16	18	12	12	10
Current Income Taxes Payable	-	26	51	48	16	-
Other Current Liabilities	1,403	1,170	1,586	1,101	917	779
Total Current Liabilities	6,181	6,384	6,673	6,962	5,738	5,003
Long-Term Debt	20,005	18,199	13,862	11,885	11,148	10,028
Long-Term Leases	38	32	32	28	26	25
Long-Term Deferred Tax Liabilities	1,218	1,096	819	530	344	215
Other Long-Term Liabilities	2,187	2,302	2,473	2,041	2,466	2,950
Total Liabilities	29,629	28,013	23,859	21,446	19,722	18,221
Common Stock	8,110	2,988	2,988	2,988	2,988	2,988
Retained Earnings	-	4,872	4,456	3,492	2,884	3,026
Comprehensive Income & Other	-	-12	-20	-43	39	162
Shareholders' Equity	8,110	7,848	7,424	6,437	5,911	6,176
Total Liabilities & Equity	37,739	35,861	31,283	27,883	25,633	24,397
Total Debt	22,130	20,762	16,619	14,801	13,533	11,561
Net Cash (Debt)	-19,151	-18,122	-15,065	-13,827	-12,498	-10,867
Net Cash Per Share	-	-69.14	-57.48	-52.76	-47.68	-41.46
Filing Date Shares Outstanding	-	262.1	262.1	262.1	262.1	262.1
Total Common Shares Outstanding	-	262.1	262.1	262.1	262.1	262.1
Working Capital	2,391	1,239	-327	-887	-350	633
Book Value Per Share	-	29.94	28.33	24.56	22.55	23.56
Tangible Book Value	3,251	3,007	2,817	1,364	551	526
Tangible Book Value Per Share	-	11.47	10.75	5.20	2.10	2.01

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