JSL S.A. 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	309.87	241.42	442.82	610.87	475.63	152.95
Short-Term Investments	1,126	1,240	1,451	1,243	397.59	801.48
Cash & Short-Term Investments	1,435	1,481	1,894	1,854	873.21	954.43
Cash Growth	-17.86%	-21.81%	2.16%	112.34%	-8.51%	49.49%
Accounts Receivable	2,114	2,177	1,815	1,583	1,160	1,283
Other Receivables	228.25	201.52	187	162.27	190.04	277.73
Receivables	2,342	2,378	2,002	1,745	1,350	1,560
Inventory	69.36	75.35	97.19	64.84	57.64	55.88
Prepaid Expenses	75.59	39.06	37.79	28.57	25.42	20.41
Other Current Assets	420.35	407.94	587.58	286.5	99.94	63.47
Total Current Assets	4,343	4,382	4,619	3,979	2,406	2,655
Property, Plant & Equipment	5,776	5,927	6,058	5,755	4,348	3,013
Long-Term Investments	11.93	11.67	0.76	-	0.01	0.57
Goodwill	-	610.83	610.83	610.83	596.33	571.73
Other Intangible Assets	858.02	255.7	297.29	335.25	275.35	274.01
Long-Term Accounts Receivable	14.55	15.3	25.3	36.02	20.1	14.33
Long-Term Deferred Tax Assets	333.85	227	164.28	127.43	91.77	35.58
Other Long-Term Assets	686.49	704.61	705.06	1,046	504.65	558.09
Total Assets	12,024	12,133	12,480	11,889	8,242	7,122
Accounts Payable	280.84	273.5	305.65	498.31	642.26	370.9
Accrued Expenses	835	598.78	549.2	459.78	455.61	348.16
Short-Term Debt	1,201	-	-	-	-	-
Current Portion of Long-Term Debt	-	1,297	1,512	953.3	323	74.27
Current Portion of Leases	258.7	229.68	154.75	165.33	88.69	96.87
Current Income Taxes Payable	4.64	1.15	1.64	3.44	5.33	20.29
Other Current Liabilities	804.84	901.28	485.11	287.03	243.51	301.28
Total Current Liabilities	3,385	3,301	3,008	2,367	1,758	1,212
Long-Term Debt	5,605	5,728	5,821	5,867	3,918	3,515
Long-Term Leases	678.26	599.02	512.32	463.48	409.35	260.76
Long-Term Deferred Tax Liabilities	242.9	234.48	259.9	171.65	121.68	116.91
Other Long-Term Liabilities	945.72	945.4	1,108	1,356	622.4	688.09
Total Liabilities	10,858	10,809	10,710	10,225	6,830	5,792
Common Stock	806.69	806.69	806.69	806.69	806.69	806.69
Retained Earnings	325.29	513.28	975.3	887.66	626.04	534.25
Treasury Stock	-	-43.09	-42.58	-42.26	-42.21	-40.7
Comprehensive Income & Other	34.31	47.67	30.95	11.35	23.19	29.61
Total Common Equity	1,166	1,325	1,770	1,663	1,414	1,330
Minority Interest	-	-	-	-	-1.1	-
Shareholders' Equity	1,166	1,325	1,770	1,663	1,413	1,330
Total Liabilities & Equity	12,024	12,133	12,480	11,889	8,242	7,122
Total Debt	7,744	7,854	8,000	7,449	4,739	3,947
Net Cash (Debt)	-6,308	-6,373	-6,106	-5,595	-3,866	-2,992
Net Cash Per Share	-	-22.40	-21.46	-19.66	-18.14	-14.03
Filing Date Shares Outstanding	-	284.44	284.51	284.54	284.53	284.73
Total Common Shares Outstanding	-	284.44	284.51	284.54	284.53	284.73
Working Capital	957.39	1,080	1,610	1,612	647.75	1,443
Book Value Per Share	-	4.66	6.22	5.85	4.97	4.67
Tangible Book Value	308.27	458.02	862.24	717.36	542.03	484.11
Tangible Book Value Per Share	-	1.61	3.03	2.52	1.91	1.70
Machinery	-	6,392	6,581	6,201	4,788	3,517
Construction In Progress	-	27	24.04	15.27	26.01	32.36
Leasehold Improvements	-	434.53	368.81	340.78	326.48	325.42

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