BVMF:HBRE3 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
Property, Plant & Equipment	3,979	3,924	4,085	3,793	3,435	2,732
Cash & Equivalents	12.22	19.58	27.24	20.88	43.31	50.65
Accounts Receivable	42.74	324.56	38.42	59.37	27.79	28.4
Other Receivables	8.64	6.67	2.73	15.38	9.75	4.71
Investment In Debt and Equity Securities	208.76	-	-	-	-	-
Other Intangible Assets	-	-	-	9.31	12.28	5.35
Other Current Assets	147.12	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	16.72	17.2	53.8	46.85	61.09	61.09
Other Long-Term Assets	473.97	475.54	468.66	370.77	396.36	402.34
Total Assets	4,889	5,089	5,091	4,689	4,282	3,768
Current Portion of Long-Term Debt	165.4	175.08	143.54	89.24	101.68	102.48
Long-Term Debt	1,390	1,508	1,383	1,157	1,068	965.29
Accounts Payable	11.08	13.44	9.28	14.51	9.7	7.78
Accrued Expenses	34.04	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	375.68	171.55	131.05	171.28	197.64	123.58
Long-Term Deferred Tax Liabilities	172.54	178.47	210.31	189.48	143.29	146.05
Other Long-Term Liabilities	103.56	306.35	252.77	326.47	281.63	67.77
Total Liabilities	2,252	2,370	2,141	1,958	1,809	1,417
Common Stock	1,287	1,287	1,287	1,287	1,287	1,287
Retained Earnings	429.72	455.43	691.57	650.7	541.99	485.38
Treasury Stock	-1.22	-1.22	-1.57	-3.23	-	-
Comprehensive Income & Other	94.72	91.87	91.99	90.39	99.91	121.36
Total Common Equity	1,810	1,833	2,069	2,025	1,929	1,893
Minority Interest	827.05	886.06	880.91	706.95	544.87	458.07
Shareholders' Equity	2,637	2,719	2,950	2,731	2,473	2,351
Total Liabilities & Equity	4,889	5,089	5,091	4,689	4,282	3,768
Total Debt	1,555	1,683	1,526	1,246	1,170	1,068
Net Cash (Debt)	-1,543	-1,540	-1,374	-1,058	-863.84	-574.05
Net Cash Per Share	-14.99	-14.93	-13.31	-10.25	-8.37	-5.56
Filing Date Shares Outstanding	102.97	102.97	102.9	102.6	103.19	103.19
Total Common Shares Outstanding	102.97	102.97	102.9	102.6	103.19	103.19
Book Value Per Share	17.58	17.80	20.10	19.73	18.69	18.35
Tangible Book Value	1,810	1,833	2,069	2,015	1,916	1,888
Tangible Book Value Per Share	17.58	17.80	20.10	19.64	18.57	18.30

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