BVMF:CSED3 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	808.25	555.33	522.92	852.74	1,085
Cash & Short-Term Investments	808.25	555.33	522.92	852.74	1,085
Cash Growth	45.54%	6.20%	-38.68%	-21.40%	409.61%
Accounts Receivable	204.07	191.01	261.13	216	187.82
Other Receivables	19.4	101.12	77.78	52.46	29.58
Receivables	223.47	292.13	338.91	268.45	217.39
Other Current Assets	44.28	0.06	0.05	-	-
Total Current Assets	1,076	847.52	861.87	1,121	1,302
Property, Plant & Equipment	1,489	1,588	1,713	1,672	1,578
Long-Term Investments	0.04	0.15	0.15	0.15	0.15
Goodwill	-	1,108	1,111	1,111	1,111
Other Intangible Assets	1,926	830.67	598.44	590.15	594.96
Long-Term Accounts Receivable	-	28.69	22.29	21.39	24.27
Long-Term Deferred Tax Assets	120.25	114.35	104.27	104.09	100.51
Other Long-Term Assets	119.35	52.36	104.64	87.4	64.52
Total Assets	4,731	4,569	4,516	4,708	4,776
Accounts Payable	120.15	80.77	77.87	69.37	50.47
Accrued Expenses	214.04	185.28	186.19	143.41	120.56
Current Portion of Long-Term Debt	129.44	172.31	198.08	235.92	130.6
Current Portion of Leases	149.22	128.61	107.78	100.38	78.33
Current Income Taxes Payable	-	1.51	0.05	53.45	49.7
Current Unearned Revenue	0.72	0.72	0.72	0.72	0.72
Other Current Liabilities	91.87	342.97	225.71	53.43	129.52
Total Current Liabilities	705.44	912.16	796.4	656.68	559.89
Long-Term Debt	1,235	851.1	645.87	831.24	1,046
Long-Term Leases	1,001	1,098	1,218	1,206	1,125
Long-Term Unearned Revenue	7.34	8.06	8.79	9.51	10.23
Long-Term Deferred Tax Liabilities	-	14.9	15.69	16.48	17.28
Other Long-Term Liabilities	190.71	214.47	444.47	582.04	564.05
Total Liabilities	3,140	3,099	3,129	3,302	3,322
Common Stock	1,204	1,204	1,204	1,204	1,204
Retained Earnings	284.09	164.22	79.91	62.97	88.23
Treasury Stock	-	-	-	-23.13	-
Comprehensive Income & Other	102.99	102.99	102.99	161.98	161.98
Shareholders' Equity	1,591	1,471	1,386	1,405	1,454
Total Liabilities & Equity	4,731	4,569	4,516	4,708	4,776
Total Debt	2,515	2,250	2,170	2,374	2,380
Net Cash (Debt)	-1,707	-1,695	-1,647	-1,521	-1,295
Net Cash Per Share	-4.68	-4.65	-4.50	-3.98	-3.59
Filing Date Shares Outstanding	364.54	364.54	364.54	376.22	381.82
Total Common Shares Outstanding	364.54	364.54	364.54	376.22	381.82
Working Capital	370.56	-64.64	65.47	464.51	742.48
Book Value Per Share	4.36	4.03	3.80	3.74	3.81
Tangible Book Value	-335.45	-467.97	-323.08	-295.87	-252.28
Tangible Book Value Per Share	-0.92	-1.28	-0.89	-0.79	-0.66
Land	-	80.39	80.39	80.39	80.39
Buildings	-	104.06	104.06	104.06	104.06
Machinery	-	465.75	441.67	385.96	392.71
Construction In Progress	-	12.96	8.6	82.3	47.03
Leasehold Improvements	-	392.58	348.5	204.9	182.9

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