BVMF:CEED3 Balance Sheet

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	427.85	83.93	464.99	415.11	516.74	54.85
Short-Term Investments	-	-	-	-	495.71	-
Trading Asset Securities	405.82	801.92	855.2	576.2	-	-
Accounts Receivable	998.87	1,041	970.08	934.54	923.68	737.31
Other Receivables	712	462.32	633.32	464.7	605.57	244.47
Inventory	27.88	17.08	13.14	44.85	15.23	21.85
Other Current Assets	199.22	144.16	126.89	41.08	32.23	36.87
Total Current Assets	2,772	2,551	3,064	2,476	2,589	1,095
Property, Plant & Equipment	5.54	3.38	3.38	12.29	100.78	229.66
Other Intangible Assets	4,101	4,608	3,860	3,326	2,650	2,138
Long-Term Investments	-	-	-	0.64	0.64	3.7
Long-Term Accounts Receivable	1,478	129.56	144.46	151.93	179.78	88.77
Other Long-Term Assets	573.93	920.96	580.75	873.08	1,223	236.17
Total Assets	8,930	8,213	7,652	6,840	6,744	3,792
Accounts Payable	711.2	476.3	514.23	505.59	520.66	716.14
Accrued Expenses	387.81	430.28	581.76	541.26	644.63	1,034
Current Portion of Long-Term Debt	556.37	416.6	689.81	639.35	605.2	147.07
Current Portion of Leases	1.45	0.93	0.61	9.52	20.47	14.48
Current Income Taxes Payable	0.01	9.04	9.11	4.74	4.3	0.01
Other Current Liabilities	613.25	887.9	1,027	453.85	437.27	253.02
Total Current Liabilities	2,270	2,221	2,823	2,154	2,233	2,165
Long-Term Debt	6,261	5,285	3,795	2,710	2,558	1,110
Long-Term Leases	4.48	2.7	2.84	4.16	13.68	23.91
Pension & Post-Retirement Benefits	698.65	720.42	966.14	787.8	926.45	1,376
Long-Term Deferred Tax Liabilities	-	-	-	-	-	30.4
Other Long-Term Liabilities	3,727	3,602	3,419	3,929	3,671	4,830
Total Liabilities	12,962	11,831	11,006	9,585	9,402	9,535
Common Stock	3,386	3,386	3,386	3,386	3,386	23.7
Retained Earnings	-6,433	-5,931	-5,492	-5,041	-4,774	-4,607
Comprehensive Income & Other	-984.09	-1,073	-1,248	-1,090	-1,269	-1,160
Shareholders' Equity	-4,031	-3,618	-3,355	-2,745	-2,658	-5,743
Total Liabilities & Equity	8,930	8,213	7,652	6,840	6,744	3,792
Total Debt	6,823	5,705	4,489	3,363	3,197	1,296
Net Cash (Debt)	-5,990	-4,819	-3,168	-2,372	-2,185	-1,241
Net Cash Per Share	-87.75	-70.61	-46.42	-34.75	-32.01	-128.16
Filing Date Shares Outstanding	68.25	68.25	68.25	68.25	68.25	9.68
Total Common Shares Outstanding	68.25	68.25	68.25	68.25	68.25	9.68
Working Capital	501.55	329.84	240.9	322.18	356.65	-1,070
Book Value Per Share	-59.06	-53.01	-49.15	-40.21	-38.94	-593.23
Tangible Book Value	-8,133	-8,226	-7,214	-6,070	-5,308	-7,881
Tangible Book Value Per Share	-119.15	-120.52	-105.70	-88.93	-77.77	-814.11

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