BVMF:HBRE3 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
Property, Plant & Equipment	3,924	4,085	3,793	3,435	2,732
Cash & Equivalents	19.58	27.24	20.88	43.31	50.65
Accounts Receivable	324.56	38.42	59.37	27.79	28.4
Other Receivables	6.67	2.73	15.38	9.75	4.71
Other Intangible Assets	-	-	9.31	12.28	5.35
Other Current Assets	198.06	289.4	206.01	33.41	40.3
Trading Asset Securities	123.39	125.33	167.71	262.7	443.08
Deferred Long-Term Tax Assets	17.2	53.8	46.85	61.09	61.09
Other Long-Term Assets	475.54	468.66	370.77	396.36	402.34
Total Assets	5,089	5,091	4,689	4,282	3,768
Current Portion of Long-Term Debt	175.08	143.54	89.24	101.68	102.48
Long-Term Debt	1,508	1,383	1,157	1,068	965.29
Accounts Payable	13.44	9.28	14.51	9.7	7.78
Accrued Expenses	14.59	9.77	7.98	5.28	3.08
Current Income Taxes Payable	2.6	1.55	1.62	1.12	0.85
Other Current Liabilities	171.55	131.05	171.28	197.64	123.58
Long-Term Deferred Tax Liabilities	178.47	210.31	189.48	143.29	146.05
Other Long-Term Liabilities	306.35	252.77	326.47	281.63	67.77
Total Liabilities	2,370	2,141	1,958	1,809	1,417
Common Stock	1,287	1,287	1,287	1,287	1,287
Retained Earnings	455.43	691.57	650.7	541.99	485.38
Treasury Stock	-1.22	-1.57	-3.23	-	-
Comprehensive Income & Other	91.87	91.99	90.39	99.91	121.36
Total Common Equity	1,833	2,069	2,025	1,929	1,893
Minority Interest	886.06	880.91	706.95	544.87	458.07
Shareholders' Equity	2,719	2,950	2,731	2,473	2,351
Total Liabilities & Equity	5,089	5,091	4,689	4,282	3,768
Total Debt	1,683	1,526	1,246	1,170	1,068
Net Cash (Debt)	-1,540	-1,374	-1,058	-863.84	-574.05
Net Cash Per Share	-14.93	-13.31	-10.25	-8.37	-5.56
Filing Date Shares Outstanding	102.97	102.9	102.6	103.19	103.19
Total Common Shares Outstanding	102.97	102.9	102.6	103.19	103.19
Book Value Per Share	17.80	20.10	19.73	18.69	18.35
Tangible Book Value	1,833	2,069	2,015	1,916	1,888
Tangible Book Value Per Share	17.80	20.10	19.64	18.57	18.30

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