JSL S.A. Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	259.69	241.42	442.82	610.87	475.63	152.95
Short-Term Investments	1,553	1,240	1,451	1,243	397.59	801.48
Cash & Short-Term Investments	1,813	1,481	1,894	1,854	873.21	954.43
Cash Growth	9.90%	-21.81%	2.16%	112.34%	-8.51%	49.49%
Accounts Receivable	2,181	2,177	1,815	1,583	1,160	1,283
Other Receivables	236.36	201.52	187	162.27	190.04	277.73
Receivables	2,417	2,378	2,002	1,745	1,350	1,560
Inventory	75.62	75.35	97.19	64.84	57.64	55.88
Prepaid Expenses	57.87	39.06	37.79	28.57	25.42	20.41
Other Current Assets	348.47	407.94	587.58	286.5	99.94	63.47
Total Current Assets	4,712	4,382	4,619	3,979	2,406	2,655
Property, Plant & Equipment	5,679	5,927	6,058	5,755	4,348	3,013
Long-Term Investments	22.97	11.67	0.76	-	0.01	0.57
Goodwill	-	610.83	610.83	610.83	596.33	571.73
Other Intangible Assets	841.37	255.7	297.29	335.25	275.35	274.01
Long-Term Accounts Receivable	13.5	15.3	25.3	36.02	20.1	14.33
Long-Term Deferred Tax Assets	370.09	227	164.28	127.43	91.77	35.58
Other Long-Term Assets	700.08	704.61	705.06	1,046	504.65	558.09
Total Assets	12,338	12,133	12,480	11,889	8,242	7,122

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	380.6	273.5	305.65	498.31	642.26	370.9
Accrued Expenses	934.13	598.78	549.2	459.78	455.61	348.16
Current Portion of Long-Term Debt	1,093	1,297	1,512	953.3	323	74.27
Current Portion of Leases	285.93	229.68	154.75	165.33	88.69	96.87
Current Income Taxes Payable	6.73	1.15	1.64	3.44	5.33	20.29
Other Current Liabilities	770.92	901.28	485.11	287.03	243.51	301.28
Total Current Liabilities	3,472	3,301	3,008	2,367	1,758	1,212
Long-Term Debt	5,824	5,728	5,821	5,867	3,918	3,515
Long-Term Leases	699.37	599.02	512.32	463.48	409.35	260.76
Long-Term Deferred Tax Liabilities	244.58	234.48	259.9	171.65	121.68	116.91
Other Long-Term Liabilities	890.5	945.4	1,108	1,356	622.4	688.09
Total Liabilities	11,130	10,809	10,710	10,225	6,830	5,792

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	806.69	806.69	806.69	806.69	806.69	806.69
Retained Earnings	361.82	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	39.74	47.67	30.95	11.35	23.19	29.61
Total Common Equity	1,208	1,325	1,770	1,663	1,414	1,330
Minority Interest	-	-	-	-	-1.1	-
Shareholders' Equity	1,208	1,325	1,770	1,663	1,413	1,330
Total Liabilities & Equity	12,338	12,133	12,480	11,889	8,242	7,122

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	7,903	7,854	8,000	7,449	4,739	3,947
Net Cash (Debt)	-6,090	-6,373	-6,106	-5,595	-3,866	-2,992
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-21.36	-22.40	-21.46	-19.66	-18.14	-14.03
Filing Date Shares Outstanding	285.36	284.44	284.51	284.54	284.53	284.73
Total Common Shares Outstanding	285.36	284.44	284.51	284.54	284.53	284.73
Working Capital	1,240	1,080	1,610	1,612	647.75	1,443
Book Value Per Share	4.23	4.66	6.22	5.85	4.97	4.67
Tangible Book Value	366.88	458.02	862.24	717.36	542.03	484.11
Tangible Book Value Per Share	1.29	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