Klabin 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	8,728	10,106	6,736	9,559	4,684	6,405
Short-Term Investments	748.13	-	-	-	-	-
Trading Asset Securities	-	785.37	794.04	1,156	1,818	2,017
Cash & Short-Term Investments	9,476	10,891	7,530	10,715	6,502	8,422
Cash Growth	-2.57%	44.64%	-29.72%	64.78%	-22.80%	28.46%
Accounts Receivable	2,278	2,404	1,815	2,113	2,675	2,809
Other Receivables	822.63	726.4	1,046	665.11	505.35	401
Receivables	3,100	3,131	2,861	2,778	3,180	3,210
Inventory	4,128	3,684	3,216	2,666	2,442	2,003
Other Current Assets	627.47	343.59	211.59	338.9	379.44	256.8
Total Current Assets	17,332	18,050	13,819	16,497	12,504	13,892
Property, Plant & Equipment	30,445	30,308	30,753	27,288	25,771	20,607
Long-Term Investments	83.32	96.89	139.23	278.51	289	273.44
Goodwill	-	41.78	42.49	43.22	43.95	-
Other Intangible Assets	511.84	464.05	385.58	296.42	241.15	142.38
Long-Term Accounts Receivable	123.86	-	-	247.02	-	-
Long-Term Deferred Tax Assets	136.88	103.14	524.57	2.57	-	629.6
Other Long-Term Assets	15,820	14,733	13,727	10,782	8,791	6,531
Total Assets	64,453	63,797	59,391	55,435	47,639	42,076

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	2,376	2,362	2,102	2,076	2,384	1,874
Accrued Expenses	866.83	841.8	875.08	764.65	960.81	661.23
Current Portion of Long-Term Debt	2,994	1,771	1,813	1,561	1,953	1,859
Current Portion of Leases	417.37	251.91	313.16	298.53	262.92	185.67
Current Income Taxes Payable	74.48	87.91	67.15	134.65	4.25	52.52
Other Current Liabilities	2,547	3,453	1,993	1,041	897.08	938.12
Total Current Liabilities	9,276	8,767	7,163	5,876	6,462	5,571
Long-Term Debt	31,999	34,950	37,891	29,780	25,013	27,479
Long-Term Leases	1,609	1,486	1,545	1,625	1,382	901.03
Long-Term Deferred Tax Liabilities	2,847	1,879	559.19	2,407	1,198	-
Other Long-Term Liabilities	2,219	2,313	3,595	2,014	2,016	1,038
Total Liabilities	47,949	49,396	50,754	41,702	36,071	34,989

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	6,876	6,876	6,076	4,476	4,476	4,476
Retained Earnings	2,766	2,778	4,243	5,627	4,425	1,624
Treasury Stock	-209.33	-101.88	-123.42	-135.81	-155.36	-168.59
Comprehensive Income & Other	450.42	-1,665	-3,543	1,618	813.93	-191.51
Total Common Equity	9,883	7,886	6,652	11,585	9,559	5,740
Minority Interest	6,621	6,515	1,985	2,147	2,009	1,347
Shareholders' Equity	16,504	14,401	8,637	13,733	11,568	7,086
Total Liabilities & Equity	64,453	63,797	59,391	55,435	47,639	42,076

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	37,019	38,459	41,562	33,265	28,611	30,425
Net Cash (Debt)	-27,544	-27,567	-34,032	-22,550	-22,109	-22,003
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-22.52	-22.47	-27.71	-18.40	-18.08	-18.03
Filing Date Shares Outstanding	1,223	1,227	1,228	1,226	1,223	1,220
Total Common Shares Outstanding	1,223	1,227	1,228	1,226	1,223	1,220
Working Capital	8,056	9,282	6,656	10,621	6,042	8,321
Book Value Per Share	8.08	6.43	5.42	9.45	7.82	4.70
Tangible Book Value	9,371	7,380	6,224	11,245	9,274	5,597
Tangible Book Value Per Share	7.66	6.01	5.07	9.17	7.59	4.59
Land	7,315	7,357	7,326	3,657	2,932	2,503
Buildings	4,741	4,760	4,545	3,978	3,406	3,421
Machinery	29,670	29,271	27,681	25,287	20,093	19,059
Construction In Progress	2,647	1,747	1,985	3,244	7,048	2,648