BVMF:FESA3 Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	357.04	464.09	341.79	474.1	216.51	90.5
Short-Term Investments	-	-	-	393.46	385.73	191.84
Trading Asset Securities	523.68	382.66	463.3	-	-	-
Cash & Short-Term Investments	880.72	846.75	805.09	867.56	602.24	282.33
Cash Growth	6.03%	5.17%	-7.20%	44.06%	113.31%	61.93%
Accounts Receivable	183.78	200.71	197.57	211.93	288	154.73
Other Receivables	66.29	120.95	44.62	18.32	69.15	30.07
Receivables	250.07	321.66	242.18	230.26	357.15	184.8
Inventory	530.61	556.13	519.15	579.16	421.4	285.99
Prepaid Expenses	8.62	2.9	6.04	5.6	7.78	0.45
Other Current Assets	19.2	18.3	11.8	12.37	13.28	21.17
Total Current Assets	1,689	1,746	1,584	1,695	1,402	774.74
Property, Plant & Equipment	2,321	2,246	2,111	1,860	1,703	1,676
Long-Term Investments	179.08	353.8	367.67	417.69	211.53	129.2
Other Intangible Assets	13.5	21.55	21.89	13.75	3.56	4.19
Long-Term Deferred Tax Assets	-	-	-	17.85	16.98	14.64
Other Long-Term Assets	28.42	21	25.4	62.94	59.25	218.45
Total Assets	4,232	4,388	4,111	4,067	3,397	2,817
Accounts Payable	132.19	127.1	147.83	129.64	110.71	73.89
Accrued Expenses	110.91	134.65	122.73	161.25	136.87	60.4
Current Portion of Long-Term Debt	29.18	260.79	72.22	69.83	75.23	132.73
Current Portion of Leases	26.42	43.4	44.63	27.42	12.62	21.19
Current Income Taxes Payable	0.07	0.01	0.02	29.3	46.81	0.09
Current Unearned Revenue	47.16	10.46	29.42	61.21	4.89	-
Other Current Liabilities	102.78	76.06	82.29	27.3	87.61	135.94
Total Current Liabilities	448.71	652.46	499.15	505.95	474.74	424.24
Long-Term Debt	140.16	159.77	199.16	268.16	330.09	395.93
Long-Term Leases	11.77	19.54	26.45	22.66	12.84	19.95
Pension & Post-Retirement Benefits	79.29	70.88	58.55	45.96	65.05	94.93
Long-Term Deferred Tax Liabilities	32.53	8.5	4.32	1.02	-	-
Other Long-Term Liabilities	129.62	135.95	131.57	182.74	143.59	110.31
Total Liabilities	842.09	1,047	919.21	1,026	1,026	1,045
Common Stock	1,470	1,470	1,470	1,225	1,225	1,225
Retained Earnings	1,922	1,860	1,705	1,793	1,129	602.49
Treasury Stock	-35.8	-25.61	-25.75	-25.75	-25.75	-25.75
Comprehensive Income & Other	31.21	34.57	40.36	47.4	40.27	-36.61
Total Common Equity	3,388	3,339	3,190	3,040	2,369	1,766
Minority Interest	1.67	1.52	1.39	1.21	1.06	6.25
Shareholders' Equity	3,390	3,341	3,191	3,041	2,370	1,772
Total Liabilities & Equity	4,232	4,388	4,111	4,067	3,397	2,817
Total Debt	207.54	483.5	342.47	388.07	430.77	569.8
Net Cash (Debt)	673.18	363.25	462.62	479.49	171.47	-287.47
Net Cash Growth	49.25%	-21.48%	-3.52%	179.64%	-	-
Net Cash Per Share	1.98	1.07	1.36	1.41	0.50	-0.84
Filing Date Shares Outstanding	338.87	340.39	340.39	340.39	340.39	340.39
Total Common Shares Outstanding	338.87	340.39	340.39	340.39	340.39	340.39
Working Capital	1,241	1,093	1,085	1,189	927.12	350.5
Book Value Per Share	10.00	9.81	9.37	8.93	6.96	5.19
Tangible Book Value	3,374	3,318	3,168	3,026	2,366	1,761
Tangible Book Value Per Share	9.96	9.75	9.31	8.89	6.95	5.17
Land	-	159.99	174.74	147.7	147.7	147.7
Buildings	-	503.69	409.37	394.54	384.22	383.03
Machinery	-	1,847	1,715	1,544	1,503	1,483
Construction In Progress	-	-	-	-	158.33	76.46

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