Metalurgica Gerdau 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	5,303	5,958	7,862	3,006	2,476	4,163
Trading Asset Securities	-	445.63	509.03	2,635	3,870	3,392
Cash & Short-Term Investments	5,617	6,404	8,371	5,641	6,346	7,555
Cash Growth	-18.45%	-23.50%	48.40%	-11.11%	-16.00%	-17.09%
Accounts Receivable	5,863	4,811	5,177	4,875	4,999	5,414
Other Receivables	1,393	2,008	2,101	2,030	2,255	2,911
Receivables	7,255	6,819	7,278	6,906	7,254	8,325
Inventory	15,190	14,731	16,505	15,228	17,818	16,861
Other Current Assets	576.25	721.24	649.24	1,766	802.62	686.77
Total Current Assets	28,639	28,675	32,803	29,540	32,220	33,428
Property, Plant & Equipment	32,008	31,913	30,760	24,063	21,384	19,604
Long-Term Investments	3,863	3,944	4,222	3,858	3,897	3,341
Goodwill	11,376	11,996	13,853	10,825	11,634	12,428
Other Intangible Assets	684.97	691.37	400.57	373.71	415.16	509.76
Long-Term Deferred Tax Assets	2,560	2,562	2,428	2,219	2,164	2,929
Other Long-Term Assets	1,982	1,978	2,482	4,352	3,055	2,373
Total Assets	81,113	81,758	86,949	75,232	74,770	74,613
Accounts Payable	5,953	5,010	5,718	5,901	6,619	8,017
Accrued Expenses	1,422	1,700	1,577	1,500	1,716	1,982
Current Portion of Long-Term Debt	909.84	941.9	735.04	1,798	3,121	1,766
Current Portion of Leases	472.96	386.47	430.73	373.15	275.93	275.09
Current Income Taxes Payable	183.85	289.86	346.49	507.72	523.91	863.14
Other Current Liabilities	1,422	1,569	2,098	1,225	1,238	1,138
Total Current Liabilities	10,363	9,897	10,905	11,304	13,494	14,041
Long-Term Debt	12,925	13,240	12,901	9,121	9,511	12,298
Long-Term Leases	1,067	1,003	849.94	904.45	754.71	643.28
Pension & Post-Retirement Benefits	367.01	404.09	545.21	706.77	893.38	1,415
Long-Term Deferred Tax Liabilities	369.39	353.83	163.14	204.15	96.34	98.98
Other Long-Term Liabilities	2,987	3,002	3,330	3,419	2,731	2,493
Total Liabilities	28,079	27,900	28,695	25,659	27,480	30,990
Common Stock	10,958	10,958	8,209	8,209	8,209	8,209
Retained Earnings	5,347	5,057	7,891	7,052	6,149	4,283
Treasury Stock	-	-0.02	-111.01	-	-15.09	-69.86
Comprehensive Income & Other	2,613	3,117	4,047	1,500	2,114	2,320
Total Common Equity	18,918	19,131	20,036	16,761	16,457	14,742
Minority Interest	34,117	34,727	38,218	32,812	30,832	28,881
Shareholders' Equity	53,035	53,859	58,254	49,573	47,289	43,623
Total Liabilities & Equity	81,113	81,758	86,949	75,232	74,770	74,613
Total Debt	15,375	15,571	14,917	12,196	13,663	14,983
Net Cash (Debt)	-9,758	-9,168	-6,546	-6,555	-7,317	-7,428
Net Cash Per Share	-	-6.91	-4.82	-4.76	-5.16	-5.15
Filing Date Shares Outstanding	-	1,325	1,339	1,377	1,377	1,441
Total Common Shares Outstanding	-	1,325	1,339	1,377	1,377	1,441
Working Capital	18,275	18,777	21,897	18,236	18,726	19,387
Book Value Per Share	-	14.44	14.96	12.17	11.95	10.23
Tangible Book Value	6,856	6,444	5,782	5,562	4,407	1,805
Tangible Book Value Per Share	-	4.86	4.32	4.04	3.20	1.25
Land	-	12,902	12,744	10,874	10,430	10,221
Machinery	-	49,877	48,252	40,167	39,661	37,883
Construction In Progress	-	8,660	8,600	5,517	3,715	3,621

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