Metalurgica Gerdau 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	9,412	7,862	3,006	2,476	4,163	4,617
Trading Asset Securities	484.01	509.03	2,635	3,870	3,392	4,496
Cash & Short-Term Investments	9,896	8,371	5,641	6,346	7,555	9,113
Cash Growth	9.41%	48.40%	-11.11%	-16.00%	-17.09%	44.70%
Accounts Receivable	5,878	5,177	4,875	4,999	5,414	3,737
Other Receivables	1,694	2,101	2,030	2,255	2,911	2,333
Receivables	7,572	7,278	6,906	7,254	8,325	6,070
Inventory	15,272	16,505	15,228	17,818	16,861	9,169
Other Current Assets	723.59	649.24	1,766	802.62	686.77	686.46
Total Current Assets	33,464	32,803	29,540	32,220	33,428	25,039
Property, Plant & Equipment	32,270	30,760	24,063	21,384	19,604	18,068
Long-Term Investments	4,046	4,222	3,858	3,897	3,341	2,272
Goodwill	11,956	13,853	10,825	11,634	12,428	12,104
Other Intangible Assets	711.95	400.57	373.71	415.16	509.76	622.58
Long-Term Deferred Tax Assets	2,356	2,428	2,219	2,164	2,929	3,393
Other Long-Term Assets	2,517	2,482	4,352	3,055	2,373	3,149
Total Assets	87,320	86,949	75,232	74,770	74,613	64,764
Accounts Payable	5,498	5,718	5,901	6,619	8,017	5,438
Accrued Expenses	1,681	1,577	1,500	1,716	1,982	1,328
Current Portion of Long-Term Debt	3,315	735.04	1,798	3,121	1,766	1,432
Current Portion of Leases	381.81	430.73	373.15	275.93	275.09	231.7
Current Income Taxes Payable	183.72	346.49	507.72	523.91	863.14	877.8
Other Current Liabilities	1,304	2,098	1,225	1,238	1,138	2,283
Total Current Liabilities	12,364	10,905	11,304	13,494	14,041	11,590
Long-Term Debt	15,329	12,901	9,121	9,511	12,298	16,107
Long-Term Leases	963.57	849.94	904.45	754.71	643.28	624.77
Pension & Post-Retirement Benefits	457.21	545.21	706.77	893.38	1,415	1,861
Long-Term Deferred Tax Liabilities	300.79	163.14	204.15	96.34	98.98	61.56
Other Long-Term Liabilities	3,114	3,330	3,419	2,731	2,493	1,896
Total Liabilities	32,529	28,695	25,659	27,480	30,990	32,140
Common Stock	8,209	8,209	8,209	8,209	8,209	8,209
Retained Earnings	8,458	7,891	7,052	6,149	4,283	1,641
Treasury Stock	-	-111.01	-	-15.09	-69.86	-69.86
Comprehensive Income & Other	2,701	4,047	1,500	2,114	2,320	1,918
Total Common Equity	19,368	20,036	16,761	16,457	14,742	11,699
Minority Interest	35,423	38,218	32,812	30,832	28,881	20,926
Shareholders' Equity	54,791	58,254	49,573	47,289	43,623	32,624
Total Liabilities & Equity	87,320	86,949	75,232	74,770	74,613	64,764
Total Debt	19,989	14,917	12,196	13,663	14,983	18,395
Net Cash (Debt)	-10,094	-6,546	-6,555	-7,317	-7,428	-9,282
Net Cash Per Share	-7.57	-4.78	-4.76	-5.16	-5.15	-6.44
Filing Date Shares Outstanding	1,325	1,339	1,377	1,377	1,441	1,441
Total Common Shares Outstanding	1,325	1,339	1,377	1,377	1,441	1,441
Working Capital	21,100	21,897	18,236	18,726	19,387	13,449
Book Value Per Share	14.62	14.96	12.17	11.95	10.23	8.12
Tangible Book Value	6,700	5,782	5,562	4,407	1,805	-1,027
Tangible Book Value Per Share	5.06	4.32	4.04	3.20	1.25	-0.71
Land	-	12,744	10,874	10,430	10,221	9,940
Machinery	-	48,252	40,167	39,661	37,883	35,823
Construction In Progress	-	8,600	5,517	3,715	3,621	2,254

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