BVMF:HGBS11 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	2,371	2,296	2,057	1,526	1,448
Cash & Equivalents	0	0.12	0	0	0
Accounts Receivable	37.79	35.78	29.11	18.48	19.57
Other Receivables	0.57	0.45	0.57	0.57	3.12
Investment In Debt and Equity Securities	865.68	819.82	1,165	698.41	692.52
Other Current Assets	30.34	37.57	17.25	0.41	0.63
Total Assets	3,305	3,190	3,269	2,243	2,164
Accrued Expenses	1.58	1.33	1.52	1.18	1.13
Current Income Taxes Payable	12.99	0.03	17.74	8.94	7.41
Other Current Liabilities	149.19	116.84	76.69	14.1	12.09
Other Long-Term Liabilities	425.66	292.65	187.84	-	-
Total Liabilities	625.97	453.46	321.94	24.22	20.63
Common Stock	2,605	2,564	2,564	1,957	1,957
Retained Earnings	83.39	181.56	392.15	271.1	195.07
Comprehensive Income & Other	-8.58	-8.58	-8.58	-8.58	-8.58
Shareholders' Equity	2,679	2,737	2,947	2,219	2,143
Total Liabilities & Equity	3,305	3,190	3,269	2,243	2,164
Total Debt	36.54	42.61	38.15	-	-
Net Cash (Debt)	-36.54	-42.49	-38.14	0	0
Net Cash Per Share	-	-0.33	-0.30	0.00	0.00
Filing Date Shares Outstanding	-	127.3	127.3	100	100
Total Common Shares Outstanding	-	127.3	127.3	100	100
Book Value Per Share	-	21.50	23.15	22.19	21.43
Tangible Book Value	2,679	2,737	2,947	2,219	2,143
Tangible Book Value Per Share	-	21.50	23.15	22.19	21.43

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