BVMF:FESA4 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	364.6	372.72	464.09	341.79	474.1	216.51
Short-Term Investments	-	616.87	382.66	-	393.46	385.73
Trading Asset Securities	633.34	-	-	463.3	-	-
Cash & Short-Term Investments	997.94	989.6	846.75	805.09	867.56	602.24
Cash Growth	18.98%	16.87%	5.17%	-7.20%	44.06%	113.31%
Accounts Receivable	173.27	198.18	200.71	197.57	211.93	288
Other Receivables	80.96	83.05	120.95	44.62	18.32	69.15
Receivables	254.22	281.23	321.66	242.18	230.26	357.15
Inventory	477.75	487	556.13	519.15	579.16	421.4
Prepaid Expenses	4.12	4	2.9	6.04	5.6	7.78
Other Current Assets	24.01	23.25	18.3	11.8	12.37	13.28
Total Current Assets	1,758	1,785	1,746	1,584	1,695	1,402
Property, Plant & Equipment	1,878	2,446	2,246	2,111	1,860	1,703
Long-Term Investments	177.6	177.76	353.8	367.67	417.69	211.53
Other Intangible Assets	12.82	20.79	21.55	21.89	13.75	3.56
Long-Term Deferred Tax Assets	-	-	-	-	17.85	16.98
Other Long-Term Assets	591.69	30.1	21	25.4	62.94	59.25
Total Assets	4,418	4,459	4,388	4,111	4,067	3,397
Accounts Payable	144.68	175.16	127.1	147.83	129.64	110.71
Accrued Expenses	101.01	117.59	134.65	122.73	161.25	136.87
Current Portion of Long-Term Debt	39.58	31.63	260.79	72.22	69.83	75.23
Current Portion of Leases	23	29.19	43.4	44.63	27.42	12.62
Current Income Taxes Payable	0.09	0.05	0.01	0.02	29.3	46.81
Current Unearned Revenue	14.34	9.92	10.46	29.42	61.21	4.89
Other Current Liabilities	215.07	219	76.06	82.29	27.3	87.61
Total Current Liabilities	537.77	582.55	652.46	499.15	505.95	474.74
Long-Term Debt	319.24	332.62	159.77	199.16	268.16	330.09
Long-Term Leases	14.82	18.24	19.54	26.45	22.66	12.84
Pension & Post-Retirement Benefits	74.94	72.41	70.88	58.55	45.96	65.05
Long-Term Deferred Tax Liabilities	11.05	7.78	8.5	4.32	1.02	-
Other Long-Term Liabilities	176.49	159.85	135.95	131.57	182.74	143.59
Total Liabilities	1,134	1,173	1,047	919.21	1,026	1,026
Common Stock	1,470	1,470	1,470	1,470	1,225	1,225
Retained Earnings	1,812	1,814	1,860	1,705	1,793	1,129
Treasury Stock	-35.8	-35.8	-25.61	-25.75	-25.75	-25.75
Comprehensive Income & Other	35.56	35.56	34.57	40.36	47.4	40.27
Total Common Equity	3,282	3,284	3,339	3,190	3,040	2,369
Minority Interest	1.75	1.68	1.52	1.39	1.21	1.06
Shareholders' Equity	3,284	3,286	3,341	3,191	3,041	2,370
Total Liabilities & Equity	4,418	4,459	4,388	4,111	4,067	3,397
Total Debt	396.64	411.67	483.5	342.47	388.07	430.77
Net Cash (Debt)	601.3	577.92	363.25	462.62	479.49	171.47
Net Cash Growth	38.10%	59.10%	-21.48%	-3.52%	179.64%	-
Net Cash Per Share	1.78	1.71	1.07	1.36	1.41	0.50
Filing Date Shares Outstanding	361.17	338.87	340.39	340.39	340.39	340.39
Total Common Shares Outstanding	361.17	338.87	340.39	340.39	340.39	340.39
Working Capital	1,220	1,203	1,093	1,085	1,189	927.12
Book Value Per Share	9.09	9.69	9.81	9.37	8.93	6.96
Tangible Book Value	3,269	3,264	3,318	3,168	3,026	2,366
Tangible Book Value Per Share	9.05	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.