Gafisa 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	17.65	8.95	12.32	23.01	35.42
Short-Term Investments	1.39	334.58	384.68	560.76	-
Trading Asset Securities	-	-	-	-	417.41
Cash & Short-Term Investments	19.04	343.53	397	583.77	452.84
Cash Growth	-94.46%	-13.47%	-31.99%	28.91%	-27.21%
Accounts Receivable	873.59	812.76	712.04	679.55	425.51
Other Receivables	55.9	41.74	271.18	158.05	182.53
Receivables	929.49	854.49	983.21	837.6	608.04
Inventory	1,172	1,462	1,737	2,539	1,680
Prepaid Expenses	17.87	16.53	4.85	1.86	1.59
Other Current Assets	370.66	520.29	382.75	7.05	166.99
Total Current Assets	2,509	3,197	3,505	3,969	2,909
Property, Plant & Equipment	16.92	21.94	20.37	27.18	44.03
Long-Term Investments	566.38	635.65	443.44	589.91	672.9
Goodwill	-	-	-	-	161.27
Other Intangible Assets	21.45	22.3	187.78	190.24	6.54
Long-Term Accounts Receivable	330.4	258.23	86.56	68.33	116.22
Other Long-Term Assets	1,284	1,167	883.21	641.73	812.06
Total Assets	4,728	5,302	5,126	5,487	4,722
Accounts Payable	121.42	88.27	48.7	3.81	55.37
Accrued Expenses	9.56	6.49	7.98	7.71	24.4
Current Portion of Long-Term Debt	971.98	1,290	985.66	743.09	412
Current Income Taxes Payable	220.76	121.43	72.88	73.25	87.02
Other Current Liabilities	687.27	618.91	915.18	1,059	788.83
Total Current Liabilities	2,011	2,125	2,030	1,886	1,368
Long-Term Debt	631.94	594.11	847.88	1,247	1,171
Long-Term Deferred Tax Liabilities	61.34	132.31	116.47	92.44	86.7
Other Long-Term Liabilities	486.59	499.35	424.33	487.86	280.59
Total Liabilities	3,191	3,350	3,419	3,714	2,906
Common Stock	2,145	1,702	1,416	1,253	1,249
Retained Earnings	-624.25	-75.62	91.83	287.14	370.31
Treasury Stock	-2.63	-2.63	-2.63	-2.63	-2.63
Comprehensive Income & Other	18.77	327.84	200.97	234.65	199
Total Common Equity	1,537	1,951	1,706	1,772	1,815
Minority Interest	0.03	0.81	0.96	0.8	0.7
Shareholders' Equity	1,537	1,952	1,707	1,773	1,816
Total Liabilities & Equity	4,728	5,302	5,126	5,487	4,722
Total Debt	1,604	1,884	1,834	1,990	1,583
Net Cash (Debt)	-1,585	-1,540	-1,437	-1,406	-1,131
Net Cash Per Share	-197.59	-331.41	-483.61	-751.43	-680.45
Filing Date Shares Outstanding	11.16	5.8	3.16	2.56	1.87
Total Common Shares Outstanding	11.16	5.8	3.16	2.56	1.87
Working Capital	497.83	1,072	1,475	2,083	1,542
Book Value Per Share	137.72	336.69	539.69	693.49	969.14
Tangible Book Value	1,516	1,929	1,519	1,582	1,647
Tangible Book Value Per Share	135.80	332.84	480.30	619.04	879.55
Machinery	-	-	-	-	1.64
Leasehold Improvements	-	-	-	-	6.64

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.