BVMF:EQMA3B 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	274.73	41.86	130.2	314.58	103.36	80
Short-Term Investments	465.31	473.57	1,394	599.37	948.1	671.71
Accounts Receivable	1,401	1,436	1,204	1,162	1,064	1,099
Other Receivables	561.95	475.05	472.65	421.96	475.79	677.15
Inventory	25.07	21.81	14.24	11.31	40.49	34.48
Other Current Assets	0.73	67.31	185.35	58.38	4.51	139.5
Total Current Assets	2,729	2,515	3,401	2,567	2,636	2,702
Property, Plant & Equipment	1.05	0.34	0.55	0.39	1.09	1.56
Other Intangible Assets	7,736	7,633	6,510	5,590	4,814	4,283
Long-Term Investments	0.06	0.06	0.46	4.7	4.84	0.62
Long-Term Accounts Receivable	723.17	550.04	876.52	802.04	680.39	433.72
Other Long-Term Assets	394.7	400.28	461.93	386.19	276.16	398.35
Total Assets	11,584	11,099	11,250	9,350	8,413	7,819
Accounts Payable	565.45	571.54	490.32	487.68	405.96	568.46
Accrued Expenses	425.64	437.8	390.49	379.93	335.05	321.5
Current Portion of Long-Term Debt	257.72	241.55	924.86	393.03	271.93	623.42
Current Unearned Revenue	-	56.15	43.58	57.23	46.29	-
Current Portion of Leases	0.39	0.12	0.23	0.3	0.66	0.84
Current Income Taxes Payable	41.51	6.35	1.65	1.21	75.69	86.02
Other Current Liabilities	444.85	499.58	655.19	470.39	749.47	479.65
Total Current Liabilities	1,736	1,813	2,506	1,790	1,885	2,080
Long-Term Debt	4,065	3,960	3,660	2,823	2,231	1,554
Long-Term Leases	0.72	0.24	0.34	0.1	0.47	0.79
Pension & Post-Retirement Benefits	21.6	21.14	15.41	13.03	8.91	5.76
Long-Term Deferred Tax Liabilities	621.81	611.46	645.48	563.07	516.17	476.1
Other Long-Term Liabilities	452.48	270.66	334	404.71	321.38	639.23
Total Liabilities	6,897	6,676	7,162	5,594	4,963	4,755
Common Stock	1,864	1,864	1,864	1,652	1,652	1,652
Retained Earnings	2,781	2,509	2,216	2,067	1,775	1,385
Comprehensive Income & Other	42.17	50.66	8.74	37.93	23.89	27.43
Shareholders' Equity	4,687	4,423	4,088	3,756	3,450	3,064
Total Liabilities & Equity	11,584	11,099	11,250	9,350	8,413	7,819
Total Debt	4,324	4,202	4,586	3,217	2,504	2,179
Net Cash (Debt)	-3,584	-3,686	-3,061	-2,303	-1,452	-1,427
Net Cash Per Share	-21.83	-22.45	-18.65	-14.03	-8.85	-8.69
Filing Date Shares Outstanding	82.09	164.18	164.18	164.18	164.18	164.18
Total Common Shares Outstanding	82.09	164.18	164.18	164.18	164.18	164.18
Working Capital	993.23	702.4	894.55	777.57	751.09	621.82
Book Value Per Share	57.09	26.94	24.90	22.88	21.01	18.66
Tangible Book Value	-3,049	-3,210	-2,421	-1,833	-1,364	-1,220
Tangible Book Value Per Share	-37.15	-19.55	-14.75	-11.17	-8.31	-7.43

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