BVMF:ECOR3 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	1,186	2,338	3,524	1,379	2,070
Short-Term Investments	3,370	1,408	797.26	48.04	100.54
Cash & Short-Term Investments	4,556	3,745	4,322	1,427	2,171
Cash Growth	21.66%	-13.33%	202.73%	-34.24%	55.72%
Accounts Receivable	611.06	485.84	480.7	325.54	204.2
Other Receivables	366.89	352.3	265.79	215.94	131.77
Receivables	977.95	838.14	746.48	541.48	335.97
Prepaid Expenses	27.36	19.29	16.85	26.18	18.99
Other Current Assets	266.4	123.39	100.81	71.26	67.73
Total Current Assets	5,828	4,726	5,186	2,066	2,594
Property, Plant & Equipment	1,064	825.86	611.64	545.88	459.85
Goodwill	0.26	0.78	1.29	1.81	2.32
Other Intangible Assets	27,124	21,084	17,803	13,379	11,420
Long-Term Deferred Tax Assets	267.33	368.13	365	355.22	259.43
Other Long-Term Assets	2,816	2,291	1,993	1,761	1,658
Total Assets	37,100	29,296	25,960	18,109	16,394
Accounts Payable	586.09	424.43	457.5	281.77	220.8
Accrued Expenses	408.49	371.68	334.55	276.82	236.11
Current Portion of Long-Term Debt	1,769	5,466	3,639	2,199	3,191
Current Portion of Leases	163.72	107.74	70.86	51.25	17.57
Current Income Taxes Payable	188.74	129.71	158.02	45.39	18.08
Other Current Liabilities	726.17	555.59	619.56	446.39	397.48
Total Current Liabilities	3,842	7,055	5,279	3,300	4,081
Long-Term Debt	24,595	14,569	14,328	9,292	6,769
Long-Term Leases	129.51	134.45	117.4	103.08	8.25
Long-Term Deferred Tax Liabilities	175.43	133.67	105.32	39.61	6.49
Other Long-Term Liabilities	3,984	3,713	3,144	2,855	3,199
Total Liabilities	32,726	25,606	22,974	15,590	14,064
Common Stock	2,054	2,054	2,054	2,054	2,054
Retained Earnings	1,987	1,311	621.91	12.56	4.24
Treasury Stock	-9.39	-9.39	-9.39	-9.39	-9.39
Comprehensive Income & Other	71.16	71.16	71.16	246.21	71.16
Total Common Equity	4,103	3,427	2,738	2,304	2,120
Minority Interest	271.58	263.19	248.27	214.99	209.73
Shareholders' Equity	4,374	3,691	2,986	2,519	2,330
Total Liabilities & Equity	37,100	29,296	25,960	18,109	16,394
Total Debt	26,657	20,277	18,155	11,645	9,985
Net Cash (Debt)	-22,101	-16,532	-13,833	-10,218	-7,815
Net Cash Per Share	-31.77	-23.77	-19.89	-14.69	-12.40
Filing Date Shares Outstanding	695.62	695.62	695.62	695.62	695.62
Total Common Shares Outstanding	695.62	695.62	695.62	695.62	695.62
Working Capital	1,986	-2,329	-93.53	-1,234	-1,488
Book Value Per Share	5.90	4.93	3.94	3.31	3.05
Tangible Book Value	-23,022	-17,657	-15,066	-11,077	-9,302
Tangible Book Value Per Share	-33.10	-25.38	-21.66	-15.92	-13.37
Land	8.12	8.12	8.07	27.3	108.41
Buildings	80.53	80.52	80.52	82.42	96.18
Machinery	1,790	1,435	1,155	954.01	871.56

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.