Klabin 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	8,959	6,736	9,559	4,684	6,405	5,209
Trading Asset Securities	766.21	794.04	1,156	1,818	2,017	1,348
Cash & Short-Term Investments	9,726	7,530	10,715	6,502	8,422	6,557
Cash Growth	29.71%	-29.72%	64.78%	-22.80%	28.46%	-32.62%
Accounts Receivable	2,039	1,815	2,113	2,675	2,809	1,807
Other Receivables	871.91	1,046	665.11	505.35	401	824.77
Receivables	2,911	2,861	2,778	3,180	3,210	2,632
Inventory	3,527	3,216	2,666	2,442	2,003	1,379
Other Current Assets	423.98	211.59	338.9	379.44	256.8	393.39
Total Current Assets	16,587	13,819	16,497	12,504	13,892	10,961
Property, Plant & Equipment	30,317	30,753	27,288	25,771	20,607	17,479
Long-Term Investments	135.59	139.23	278.51	289	273.44	268.44
Goodwill	-	42.49	43.22	43.95	-	-
Other Intangible Assets	480.73	385.58	296.42	241.15	142.38	75.33
Long-Term Accounts Receivable	-	-	247.02	-	-	-
Long-Term Deferred Tax Assets	65.25	524.57	2.57	-	629.6	765.1
Other Long-Term Assets	14,578	13,727	10,782	8,791	6,531	5,721
Total Assets	62,164	59,391	55,435	47,639	42,076	35,270
Accounts Payable	2,383	2,102	2,076	2,384	1,874	1,754
Accrued Expenses	887.04	875.08	764.65	960.81	661.23	571.69
Current Portion of Long-Term Debt	1,846	1,813	1,561	1,953	1,859	721.02
Current Portion of Leases	345.06	313.16	298.53	262.92	185.67	143.72
Current Income Taxes Payable	152.22	67.15	134.65	4.25	52.52	-
Other Current Liabilities	2,218	1,993	1,041	897.08	938.12	487.72
Total Current Liabilities	7,831	7,163	5,876	6,462	5,571	3,678
Long-Term Debt	33,980	37,891	29,780	25,013	27,479	25,618
Long-Term Leases	1,403	1,545	1,625	1,382	901.03	679.59
Long-Term Deferred Tax Liabilities	2,140	559.19	2,407	1,198	-	-
Other Long-Term Liabilities	2,137	3,595	2,014	2,016	1,038	909.65
Total Liabilities	47,492	50,754	41,702	36,071	34,989	30,886
Common Stock	6,076	6,076	4,476	4,476	4,476	4,476
Retained Earnings	4,926	4,243	5,627	4,425	1,624	-993.83
Treasury Stock	-101.86	-123.42	-135.81	-155.36	-168.59	-177.88
Comprehensive Income & Other	-660.92	-3,543	1,618	813.93	-191.51	506.39
Total Common Equity	10,239	6,652	11,585	9,559	5,740	3,810
Minority Interest	4,432	1,985	2,147	2,009	1,347	574.46
Shareholders' Equity	14,672	8,637	13,733	11,568	7,086	4,385
Total Liabilities & Equity	62,164	59,391	55,435	47,639	42,076	35,270
Total Debt	37,574	41,562	33,265	28,611	30,425	27,162
Net Cash (Debt)	-27,848	-34,032	-22,550	-22,109	-22,003	-20,606
Net Cash Per Share	-22.69	-27.71	-18.40	-18.08	-18.03	-16.91
Filing Date Shares Outstanding	1,227	1,228	1,226	1,223	1,220	1,219
Total Common Shares Outstanding	1,227	1,228	1,226	1,223	1,220	1,219
Working Capital	8,755	6,656	10,621	6,042	8,321	7,283
Book Value Per Share	8.34	5.42	9.45	7.82	4.70	3.13
Tangible Book Value	9,758	6,224	11,245	9,274	5,597	3,735
Tangible Book Value Per Share	7.95	5.07	9.17	7.59	4.59	3.06
Land	7,376	7,326	3,657	2,932	2,503	2,374
Buildings	4,697	4,545	3,978	3,406	3,421	2,822
Machinery	28,845	27,681	25,287	20,093	19,059	12,936
Construction In Progress	1,747	1,985	3,244	7,048	2,648	5,648

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