BVMF:FESA3 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	372.72	464.09	341.79	474.1	216.51
Short-Term Investments	616.87	382.66	-	393.46	385.73
Trading Asset Securities	-	-	463.3	-	-
Cash & Short-Term Investments	989.6	846.75	805.09	867.56	602.24
Cash Growth	16.87%	5.17%	-7.20%	44.06%	113.31%
Accounts Receivable	198.18	200.71	197.57	211.93	288
Other Receivables	83.05	120.95	44.62	18.32	69.15
Receivables	281.23	321.66	242.18	230.26	357.15
Inventory	487	556.13	519.15	579.16	421.4
Prepaid Expenses	4	2.9	6.04	5.6	7.78
Other Current Assets	23.25	18.3	11.8	12.37	13.28
Total Current Assets	1,785	1,746	1,584	1,695	1,402
Property, Plant & Equipment	2,446	2,246	2,111	1,860	1,703
Long-Term Investments	177.76	353.8	367.67	417.69	211.53
Other Intangible Assets	20.79	21.55	21.89	13.75	3.56
Long-Term Deferred Tax Assets	-	-	-	17.85	16.98
Other Long-Term Assets	30.1	21	25.4	62.94	59.25
Total Assets	4,459	4,388	4,111	4,067	3,397
Accounts Payable	175.16	127.1	147.83	129.64	110.71
Accrued Expenses	117.59	134.65	122.73	161.25	136.87
Current Portion of Long-Term Debt	31.63	260.79	72.22	69.83	75.23
Current Portion of Leases	29.19	43.4	44.63	27.42	12.62
Current Income Taxes Payable	0.05	0.01	0.02	29.3	46.81
Current Unearned Revenue	9.92	10.46	29.42	61.21	4.89
Other Current Liabilities	219	76.06	82.29	27.3	87.61
Total Current Liabilities	582.55	652.46	499.15	505.95	474.74
Long-Term Debt	332.62	159.77	199.16	268.16	330.09
Long-Term Leases	18.24	19.54	26.45	22.66	12.84
Pension & Post-Retirement Benefits	72.41	70.88	58.55	45.96	65.05
Long-Term Deferred Tax Liabilities	7.78	8.5	4.32	1.02	-
Other Long-Term Liabilities	159.85	135.95	131.57	182.74	143.59
Total Liabilities	1,173	1,047	919.21	1,026	1,026
Common Stock	1,470	1,470	1,470	1,225	1,225
Retained Earnings	1,814	1,860	1,705	1,793	1,129
Treasury Stock	-35.8	-25.61	-25.75	-25.75	-25.75
Comprehensive Income & Other	35.56	34.57	40.36	47.4	40.27
Total Common Equity	3,284	3,339	3,190	3,040	2,369
Minority Interest	1.68	1.52	1.39	1.21	1.06
Shareholders' Equity	3,286	3,341	3,191	3,041	2,370
Total Liabilities & Equity	4,459	4,388	4,111	4,067	3,397
Total Debt	411.67	483.5	342.47	388.07	430.77
Net Cash (Debt)	577.92	363.25	462.62	479.49	171.47
Net Cash Growth	59.10%	-21.48%	-3.52%	179.64%	-
Net Cash Per Share	1.71	1.07	1.36	1.41	0.50
Filing Date Shares Outstanding	338.87	340.39	340.39	340.39	340.39
Total Common Shares Outstanding	338.87	340.39	340.39	340.39	340.39
Working Capital	1,203	1,093	1,085	1,189	927.12
Book Value Per Share	9.69	9.81	9.37	8.93	6.96
Tangible Book Value	3,264	3,318	3,168	3,026	2,366
Tangible Book Value Per Share	9.63	9.75	9.31	8.89	6.95
Land	163.72	159.99	174.74	147.7	147.7
Buildings	527.16	503.69	409.37	394.54	384.22
Machinery	2,003	1,847	1,715	1,544	1,503
Construction In Progress	-	-	-	-	158.33

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