Klabin 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	8,095	10,106	6,736	9,559	4,684	6,405
Trading Asset Securities	789.91	785.37	794.04	1,156	1,818	2,017
Cash & Short-Term Investments	8,885	10,891	7,530	10,715	6,502	8,422
Cash Growth	37.32%	44.64%	-29.72%	64.78%	-22.80%	28.46%
Accounts Receivable	2,290	2,404	1,815	2,113	2,675	2,809
Other Receivables	721.86	726.4	1,046	665.11	505.35	401
Receivables	3,012	3,131	2,861	2,778	3,180	3,210
Inventory	3,732	3,684	3,216	2,666	2,442	2,003
Other Current Assets	465.66	343.59	211.59	338.9	379.44	256.8
Total Current Assets	16,094	18,050	13,819	16,497	12,504	13,892
Property, Plant & Equipment	30,330	30,308	30,753	27,288	25,771	20,607
Long-Term Investments	98.83	96.89	139.23	278.51	289	273.44
Goodwill	-	41.78	42.49	43.22	43.95	-
Other Intangible Assets	504.78	464.05	385.58	296.42	241.15	142.38
Long-Term Accounts Receivable	-	-	-	247.02	-	-
Long-Term Deferred Tax Assets	102.25	103.14	524.57	2.57	-	629.6
Other Long-Term Assets	14,961	14,733	13,727	10,782	8,791	6,531
Total Assets	62,091	63,797	59,391	55,435	47,639	42,076
Accounts Payable	2,178	2,362	2,102	2,076	2,384	1,874
Accrued Expenses	711.98	841.8	875.08	764.65	960.81	661.23
Current Portion of Long-Term Debt	2,272	1,771	1,813	1,561	1,953	1,859
Current Portion of Leases	264.59	251.91	313.16	298.53	262.92	185.67
Current Income Taxes Payable	75.91	87.91	67.15	134.65	4.25	52.52
Other Current Liabilities	3,547	3,453	1,993	1,041	897.08	938.12
Total Current Liabilities	9,050	8,767	7,163	5,876	6,462	5,571
Long-Term Debt	31,315	34,950	37,891	29,780	25,013	27,479
Long-Term Leases	1,495	1,486	1,545	1,625	1,382	901.03
Long-Term Deferred Tax Liabilities	2,404	1,879	559.19	2,407	1,198	-
Other Long-Term Liabilities	2,248	2,313	3,595	2,014	2,016	1,038
Total Liabilities	46,512	49,396	50,754	41,702	36,071	34,989
Common Stock	6,876	6,876	6,076	4,476	4,476	4,476
Retained Earnings	2,248	2,778	4,243	5,627	4,425	1,624
Treasury Stock	-81.9	-101.88	-123.42	-135.81	-155.36	-168.59
Comprehensive Income & Other	4.58	-1,665	-3,543	1,618	813.93	-191.51
Total Common Equity	9,046	7,886	6,652	11,585	9,559	5,740
Minority Interest	6,533	6,515	1,985	2,147	2,009	1,347
Shareholders' Equity	15,579	14,401	8,637	13,733	11,568	7,086
Total Liabilities & Equity	62,091	63,797	59,391	55,435	47,639	42,076
Total Debt	35,347	38,459	41,562	33,265	28,611	30,425
Net Cash (Debt)	-26,462	-27,567	-34,032	-22,550	-22,109	-22,003
Net Cash Per Share	-21.54	-22.47	-27.71	-18.40	-18.08	-18.03
Filing Date Shares Outstanding	1,229	1,227	1,228	1,226	1,223	1,220
Total Common Shares Outstanding	1,229	1,227	1,228	1,226	1,223	1,220
Working Capital	7,045	9,282	6,656	10,621	6,042	8,321
Book Value Per Share	7.36	6.43	5.42	9.45	7.82	4.70
Tangible Book Value	8,541	7,380	6,224	11,245	9,274	5,597
Tangible Book Value Per Share	6.95	6.01	5.07	9.17	7.59	4.59
Land	7,321	7,357	7,326	3,657	2,932	2,503
Buildings	4,781	4,760	4,545	3,978	3,406	3,421
Machinery	29,390	29,271	27,681	25,287	20,093	19,059
Construction In Progress	2,167	1,747	1,985	3,244	7,048	2,648

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