BVMF:EQMA3B 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	41.86	130.2	314.58	103.36	80
Short-Term Investments	540.04	1,394	599.37	948.1	671.71
Accounts Receivable	1,436	1,204	1,162	1,064	1,099
Other Receivables	471.15	472.65	421.96	475.79	677.15
Inventory	21.81	14.24	11.31	40.49	34.48
Other Current Assets	4.75	185.35	58.38	4.51	139.5
Total Current Assets	2,515	3,401	2,567	2,636	2,702
Property, Plant & Equipment	0.34	0.55	0.39	1.09	1.56
Other Intangible Assets	7,633	6,510	5,590	4,814	4,283
Long-Term Investments	1.55	0.46	4.7	4.84	0.62
Long-Term Accounts Receivable	550.04	876.52	802.04	680.39	433.72
Other Long-Term Assets	398.79	461.93	386.19	276.16	398.35
Total Assets	11,099	11,250	9,350	8,413	7,819
Accounts Payable	643.34	490.32	487.68	405.96	568.46
Accrued Expenses	422.52	437.34	379.93	335.05	321.5
Current Portion of Long-Term Debt	240.31	924.86	393.03	271.93	623.42
Current Unearned Revenue	56.15	43.58	57.23	46.29	-
Current Portion of Leases	0.12	0.23	0.3	0.66	0.84
Current Income Taxes Payable	6.35	1.65	1.21	75.69	86.02
Other Current Liabilities	444.31	608.34	470.39	749.47	479.65
Total Current Liabilities	1,813	2,506	1,790	1,885	2,080
Long-Term Debt	3,960	3,660	2,823	2,231	1,554
Long-Term Leases	0.24	0.34	0.1	0.47	0.79
Pension & Post-Retirement Benefits	21.14	15.41	13.03	8.91	5.76
Long-Term Deferred Tax Liabilities	611.46	645.48	563.07	516.17	476.1
Other Long-Term Liabilities	270.66	334	404.71	321.38	639.23
Total Liabilities	6,676	7,162	5,594	4,963	4,755
Common Stock	1,864	1,864	1,652	1,652	1,652
Retained Earnings	2,509	2,216	2,067	1,775	1,385
Comprehensive Income & Other	50.66	8.74	37.93	23.89	27.43
Shareholders' Equity	4,423	4,088	3,756	3,450	3,064
Total Liabilities & Equity	11,099	11,250	9,350	8,413	7,819
Total Debt	4,200	4,586	3,217	2,504	2,179
Net Cash (Debt)	-3,618	-3,061	-2,303	-1,452	-1,427
Net Cash Per Share	-22.04	-18.65	-14.03	-8.85	-8.69
Filing Date Shares Outstanding	164.18	164.18	164.18	164.18	164.18
Total Common Shares Outstanding	164.18	164.18	164.18	164.18	164.18
Working Capital	702.4	894.55	777.57	751.09	621.82
Book Value Per Share	26.94	24.90	22.88	21.01	18.66
Tangible Book Value	-3,210	-2,421	-1,833	-1,364	-1,220
Tangible Book Value Per Share	-19.55	-14.75	-11.17	-8.31	-7.43

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