Gafisa 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	27.41	17.65	8.95	12.32	23.01	35.42
Short-Term Investments	149.75	1.39	334.58	384.68	560.76	-
Trading Asset Securities	-	-	-	-	-	417.41
Cash & Short-Term Investments	177.16	19.04	343.53	397	583.77	452.84
Cash Growth	13.06%	-94.46%	-13.47%	-31.99%	28.91%	-27.21%
Accounts Receivable	963.52	873.59	812.76	712.04	679.55	425.51
Other Receivables	204.14	55.9	41.74	271.18	158.05	182.53
Receivables	1,168	929.49	854.49	983.21	837.6	608.04
Inventory	1,179	1,172	1,462	1,737	2,539	1,680
Prepaid Expenses	0.43	17.87	16.53	4.85	1.86	1.59
Other Current Assets	3.71	370.66	520.29	382.75	7.05	166.99
Total Current Assets	2,528	2,509	3,197	3,505	3,969	2,909
Property, Plant & Equipment	14.18	16.92	21.94	20.37	27.18	44.03
Long-Term Investments	570.78	566.38	635.65	443.44	589.91	672.9
Goodwill	-	-	-	-	-	161.27
Other Intangible Assets	21.3	21.45	22.3	187.78	190.24	6.54
Long-Term Accounts Receivable	303.79	330.4	258.23	86.56	68.33	116.22
Other Long-Term Assets	1,291	1,284	1,167	883.21	641.73	812.06
Total Assets	4,729	4,728	5,302	5,126	5,487	4,722
Accounts Payable	143.22	121.42	88.27	48.7	3.81	55.37
Accrued Expenses	102.18	9.56	6.49	7.98	7.71	24.4
Current Portion of Long-Term Debt	930.25	971.98	1,290	985.66	743.09	412
Current Income Taxes Payable	223.84	220.76	121.43	72.88	73.25	87.02
Other Current Liabilities	526.6	687.27	618.91	915.18	1,059	788.83
Total Current Liabilities	1,926	2,011	2,125	2,030	1,886	1,368
Long-Term Debt	692.11	631.94	594.11	847.88	1,247	1,171
Long-Term Deferred Tax Liabilities	61.46	61.34	132.31	116.47	92.44	86.7
Other Long-Term Liabilities	515.71	486.59	499.35	424.33	487.86	280.59
Total Liabilities	3,195	3,191	3,350	3,419	3,714	2,906
Common Stock	2,215	2,145	1,702	1,416	1,253	1,249
Retained Earnings	-669.89	-624.25	-75.62	91.83	287.14	370.31
Treasury Stock	-2.63	-2.63	-2.63	-2.63	-2.63	-2.63
Comprehensive Income & Other	-9.23	18.77	327.84	200.97	234.65	199
Total Common Equity	1,533	1,537	1,951	1,706	1,772	1,815
Minority Interest	0.03	0.03	0.81	0.96	0.8	0.7
Shareholders' Equity	1,533	1,537	1,952	1,707	1,773	1,816
Total Liabilities & Equity	4,729	4,728	5,302	5,126	5,487	4,722
Total Debt	1,622	1,604	1,884	1,834	1,990	1,583
Net Cash (Debt)	-1,445	-1,585	-1,540	-1,437	-1,406	-1,131
Net Cash Per Share	-116.36	-197.59	-331.41	-483.61	-751.43	-680.45
Filing Date Shares Outstanding	22.26	11.16	5.8	3.16	2.56	1.87
Total Common Shares Outstanding	22.26	11.16	5.8	3.16	2.56	1.87
Working Capital	601.7	497.83	1,072	1,475	2,083	1,542
Book Value Per Share	68.87	137.72	336.69	539.69	693.49	969.14
Tangible Book Value	1,512	1,516	1,929	1,519	1,582	1,647
Tangible Book Value Per Share	67.91	135.80	332.84	480.30	619.04	879.55
Machinery	-	-	-	-	-	1.64
Leasehold Improvements	-	-	-	-	-	6.64
Order Backlog	-	453.96	-	-	-	-

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