BVMF:INEP4 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	2.26	0.13	1.87	1.72	10.39	0.3
Short-Term Investments	-	-	-	-	0.01	0.01
Trading Asset Securities	0.12	0.32	0.17	0.2	-	-
Cash & Short-Term Investments	2.38	0.45	2.04	1.92	10.4	0.31
Cash Growth	528.50%	-78.10%	6.36%	-81.54%	3221.09%	-99.08%
Accounts Receivable	2.44	2.87	0.68	6.61	4.57	501.51
Other Receivables	110.34	84.2	93.63	93.2	101.6	41.31
Receivables	112.78	87.07	94.3	99.82	106.17	542.82
Inventory	11.66	9.37	10.43	7.24	8.94	5.83
Prepaid Expenses	-	-	0.31	-	-	-
Total Current Assets	126.82	96.88	107.08	108.98	125.5	548.97
Property, Plant & Equipment	116	120.88	129.23	211.45	218.72	220.42
Long-Term Investments	51.72	61.88	192.22	243.7	205.83	204.92
Goodwill	11.69	391.51	391.51	-	391.51	391.51
Other Intangible Assets	0	0	0.06	392.26	2.85	4.42
Long-Term Accounts Receivable	-	134	134	134	122.88	0.48
Long-Term Deferred Charges	-	-	-	-	-0.54	-0.01
Other Long-Term Assets	99.33	127.69	212.5	229.65	440.22	259.07
Total Assets	405.57	932.85	1,167	1,320	1,507	1,630
Accounts Payable	45.35	60.23	65.08	64.62	71.33	91.37
Accrued Expenses	181.09	-	-	-	149.65	1,479
Current Portion of Long-Term Debt	334.27	443.35	400.95	405.61	314.39	369.26
Current Portion of Leases	-	-	-	-	55.3	50.25
Current Income Taxes Payable	98	159.93	132.91	291.74	176.16	103.68
Current Unearned Revenue	2.18	58.34	36.01	33.14	34.8	38.74
Other Current Liabilities	242.89	533.91	441.24	418.53	227.52	363.17
Total Current Liabilities	903.78	1,256	1,076	1,214	1,029	2,496
Long-Term Debt	484.31	484.16	475.15	470.99	476.92	511.84
Long-Term Leases	-	-	-	-	-	27.48
Long-Term Deferred Tax Liabilities	-	-	79.08	100.53	96.36	55.69
Other Long-Term Liabilities	584.59	641.45	660.84	1,156	1,165	1,113
Total Liabilities	1,973	2,381	2,291	2,941	2,768	4,204
Common Stock	571.96	543.69	542.63	495.46	437.53	429.21
Retained Earnings	-3,379	-3,082	-2,772	-3,265	-2,918	-4,212
Comprehensive Income & Other	1,248	1,089	1,100	1,146	1,204	1,207
Total Common Equity	-1,559	-1,449	-1,130	-1,624	-1,277	-2,575
Minority Interest	-8.05	0.92	5	3.12	15.84	0.87
Shareholders' Equity	-1,567	-1,449	-1,125	-1,621	-1,261	-2,574
Total Liabilities & Equity	405.57	932.85	1,167	1,320	1,507	1,630
Total Debt	818.57	927.51	876.09	876.6	846.62	958.83
Net Cash (Debt)	-816.19	-927.07	-874.05	-874.68	-836.22	-958.51
Net Cash Per Share	-17.82	-20.78	-19.72	-23.89	-25.08	-29.21
Filing Date Shares Outstanding	46.2	44.61	44.31	36.61	33.34	32.82
Total Common Shares Outstanding	46.2	44.61	44.31	36.61	33.34	32.82
Working Capital	-776.96	-1,159	-969.1	-1,105	-903.65	-1,947
Book Value Per Share	-42.21	-37.68	-30.83	-51.55	-47.86	-88.19
Tangible Book Value	-1,571	-1,841	-1,521	-2,016	-1,671	-2,971
Tangible Book Value Per Share	-42.46	-46.46	-39.67	-62.26	-59.69	-100.25
Land	14.59	14.59	14.59	-	17.4	17.4
Buildings	146.24	146.24	146.16	-	180.54	178.83
Machinery	84.14	84.11	84	-	94.1	110.86

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.