Equatorial 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	5,668	2,660	3,306	4,612	3,166	2,997
Short-Term Investments	5,065	7,648	9,504	7,446	4,524	7,375
Accounts Receivable	9,309	9,491	9,663	9,803	9,127	6,871
Other Receivables	6,602	6,125	5,152	4,502	3,829	3,186
Inventory	301.76	291.44	150.9	135.61	278.86	203.71
Other Current Assets	347.92	388.77	750.4	1,453	763.32	1,059
Total Current Assets	27,294	26,605	28,527	27,953	21,689	21,690
Property, Plant & Equipment	6,959	7,009	8,087	7,871	5,139	282.06
Regulatory Assets	815.53	1,103	264.38	16.28	61.92	697.93
Other Intangible Assets	51,611	50,866	48,239	44,473	39,280	23,351
Long-Term Investments	7,754	7,568	6,787	24.55	67.72	170.59
Long-Term Deferred Tax Assets	3,409	3,402	3,179	2,729	2,278	939.62
Long-Term Accounts Receivable	8,634	7,623	14,940	15,041	15,921	12,020
Other Long-Term Assets	5,316	5,427	6,388	5,535	6,180	2,564
Total Assets	111,792	109,604	116,412	103,643	90,617	61,714
Accounts Payable	4,489	4,778	4,320	4,677	4,234	3,938
Accrued Expenses	3,495	3,642	3,035	3,877	4,008	3,031
Short-Term Debt	-	-	-	303.36	-	-
Current Portion of Long-Term Debt	4,751	4,428	6,381	5,063	10,851	3,593
Current Portion of Leases	13.34	12.94	11.99	15.57	29.64	25.88
Current Income Taxes Payable	255.18	251.81	141.36	132.7	343.42	216.54
Other Current Liabilities	4,519	4,691	5,716	4,080	2,633	2,185
Total Current Liabilities	17,523	17,804	19,605	18,149	22,100	12,989
Long-Term Debt	53,204	50,679	49,603	41,632	30,657	21,862
Long-Term Leases	84.58	87.2	91.86	88.74	90.23	31.74
Pension & Post-Retirement Benefits	1,105	1,111	1,052	1,320	1,113	1,082
Long-Term Deferred Tax Liabilities	1,380	1,334	2,806	2,640	2,494	2,366
Other Long-Term Liabilities	10,296	10,262	13,366	14,529	15,597	8,778
Total Liabilities	83,593	81,276	86,525	78,360	72,050	47,110
Common Stock	22,174	22,169	12,467	9,309	8,872	4,655
Retained Earnings	2,241	1,817	11,626	9,810	8,246	8,860
Treasury Stock	-163.14	-123.71	-58.35	-	-642.73	-642.73
Comprehensive Income & Other	1,434	1,889	2,079	1,974	138.97	-116.26
Total Common Equity	25,686	25,752	26,114	21,093	16,614	12,756
Minority Interest	2,513	2,576	3,774	4,190	1,953	1,848
Shareholders' Equity	28,199	28,328	29,888	25,284	18,567	14,604
Total Liabilities & Equity	111,792	109,604	116,412	103,643	90,617	61,714
Total Debt	58,053	55,207	56,088	47,103	41,628	25,512
Net Cash (Debt)	-47,320	-44,899	-43,277	-35,044	-33,937	-15,141
Net Cash Per Share	-37.55	-35.67	-34.70	-30.32	-30.69	-15.40
Filing Date Shares Outstanding	1,257	1,258	1,249	1,147	1,100	981.67
Total Common Shares Outstanding	1,257	1,258	1,249	1,147	1,100	981.67
Working Capital	9,770	8,801	8,922	9,804	-410.55	8,701
Book Value Per Share	20.43	20.47	20.90	18.39	15.10	12.99
Tangible Book Value	-25,924	-25,114	-22,125	-23,380	-22,666	-10,594
Tangible Book Value Per Share	-20.62	-19.96	-17.71	-20.38	-20.60	-10.79
Land	-	-	-	-	-	122.66
Buildings	593.36	590.61	583.15	113.43	106.74	1.27
Machinery	7,611	7,608	8,321	6,074	6,020	6.97
Construction In Progress	380.47	350.74	385.71	2,614	94.87	100.75

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