BVMF:ECOR3 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	2,365	1,186	2,338	3,524	1,379	2,070
Short-Term Investments	2,064	3,370	1,408	797.26	48.04	100.54
Cash & Short-Term Investments	4,429	4,556	3,745	4,322	1,427	2,171
Cash Growth	16.63%	21.66%	-13.33%	202.73%	-34.24%	55.72%
Accounts Receivable	627.2	611.06	485.84	480.7	325.54	204.2
Other Receivables	435.5	366.89	352.3	265.79	215.94	131.77
Receivables	1,063	977.95	838.14	746.48	541.48	335.97
Prepaid Expenses	41.82	27.36	19.29	16.85	26.18	18.99
Other Current Assets	206.94	266.4	123.39	100.81	71.26	67.73
Total Current Assets	5,741	5,828	4,726	5,186	2,066	2,594
Property, Plant & Equipment	783.94	1,064	825.86	611.64	545.88	459.85
Goodwill	-	0.26	0.78	1.29	1.81	2.32
Other Intangible Assets	27,739	27,124	21,084	17,803	13,379	11,420
Long-Term Deferred Tax Assets	290.74	267.33	368.13	365	355.22	259.43
Other Long-Term Assets	2,987	2,816	2,291	1,993	1,761	1,658
Total Assets	37,542	37,100	29,296	25,960	18,109	16,394
Accounts Payable	382.62	586.09	424.43	457.5	281.77	220.8
Accrued Expenses	355.85	408.49	371.68	334.55	276.82	236.11
Current Portion of Long-Term Debt	1,667	1,769	5,466	3,639	2,199	3,191
Current Portion of Leases	143.43	163.72	107.74	70.86	51.25	17.57
Current Income Taxes Payable	123.88	188.74	129.71	158.02	45.39	18.08
Other Current Liabilities	719.66	726.17	555.59	619.56	446.39	397.48
Total Current Liabilities	3,393	3,842	7,055	5,279	3,300	4,081
Long-Term Debt	25,402	24,595	14,569	14,328	9,292	6,769
Long-Term Leases	145.21	129.51	134.45	117.4	103.08	8.25
Long-Term Deferred Tax Liabilities	157.65	175.43	133.67	105.32	39.61	6.49
Other Long-Term Liabilities	4,093	3,984	3,713	3,144	2,855	3,199
Total Liabilities	33,190	32,726	25,606	22,974	15,590	14,064
Common Stock	2,054	2,054	2,054	2,054	2,054	2,054
Retained Earnings	1,977	1,987	1,311	621.91	12.56	4.24
Treasury Stock	-9.39	-9.39	-9.39	-9.39	-9.39	-9.39
Comprehensive Income & Other	71.16	71.16	71.16	71.16	246.21	71.16
Total Common Equity	4,093	4,103	3,427	2,738	2,304	2,120
Minority Interest	259.54	271.58	263.19	248.27	214.99	209.73
Shareholders' Equity	4,352	4,374	3,691	2,986	2,519	2,330
Total Liabilities & Equity	37,542	37,100	29,296	25,960	18,109	16,394
Total Debt	27,357	26,657	20,277	18,155	11,645	9,985
Net Cash (Debt)	-22,928	-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	2,348	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	-23,646	-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

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