BVMF:CEED3 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	466.07	83.93	464.99	415.11	516.74
Short-Term Investments	890.7	-	-	-	495.71
Trading Asset Securities	-	801.92	855.2	576.2	-
Accounts Receivable	1,163	1,041	970.08	934.54	923.68
Other Receivables	691.51	462.32	633.32	464.7	605.57
Inventory	36.42	17.08	13.14	44.85	15.23
Other Current Assets	166.26	144.16	126.89	41.08	32.23
Total Current Assets	3,414	2,551	3,064	2,476	2,589
Property, Plant & Equipment	5.17	3.38	3.38	12.29	100.78
Other Intangible Assets	5,667	4,608	3,860	3,326	2,650
Long-Term Investments	-	-	-	0.64	0.64
Long-Term Accounts Receivable	135.86	129.56	144.46	151.93	179.78
Other Long-Term Assets	775.22	920.96	580.75	873.08	1,223
Total Assets	9,998	8,213	7,652	6,840	6,744
Accounts Payable	792.13	476.3	514.23	505.59	520.66
Accrued Expenses	450.68	430.28	581.76	541.26	644.63
Current Portion of Long-Term Debt	276	416.6	689.81	639.35	605.2
Current Portion of Leases	1.46	0.93	0.61	9.52	20.47
Current Income Taxes Payable	-	9.04	9.11	4.74	4.3
Other Current Liabilities	709.54	887.9	1,027	453.85	437.27
Total Current Liabilities	2,230	2,221	2,823	2,154	2,233
Long-Term Debt	7,777	5,285	3,795	2,710	2,558
Long-Term Leases	4.15	2.7	2.84	4.16	13.68
Pension & Post-Retirement Benefits	723.14	720.42	966.14	787.8	926.45
Other Long-Term Liabilities	3,532	3,602	3,419	3,929	3,671
Total Liabilities	14,266	11,831	11,006	9,585	9,402
Common Stock	3,386	3,386	3,386	3,386	3,386
Retained Earnings	-6,636	-5,931	-5,492	-5,041	-4,774
Comprehensive Income & Other	-1,019	-1,073	-1,248	-1,090	-1,269
Shareholders' Equity	-4,269	-3,618	-3,355	-2,745	-2,658
Total Liabilities & Equity	9,998	8,213	7,652	6,840	6,744
Total Debt	8,058	5,705	4,489	3,363	3,197
Net Cash (Debt)	-6,701	-4,819	-3,168	-2,372	-2,185
Net Cash Per Share	-98.18	-70.61	-46.42	-34.75	-32.01
Filing Date Shares Outstanding	68.25	68.25	68.25	68.25	68.25
Total Common Shares Outstanding	68.25	68.25	68.25	68.25	68.25
Working Capital	1,185	329.84	240.9	322.18	356.65
Book Value Per Share	-62.54	-53.01	-49.15	-40.21	-38.94
Tangible Book Value	-9,935	-8,226	-7,214	-6,070	-5,308
Tangible Book Value Per Share	-145.56	-120.52	-105.70	-88.93	-77.77

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