Lupatech 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	1.39	3.52	19.91	13.17	19.18	21.02
Short-Term Investments	0.18	1.14	2.07	3.98	-	12.94
Cash & Short-Term Investments	1.56	4.66	21.97	17.15	19.18	33.95
Cash Growth	-85.43%	-78.81%	28.10%	-10.54%	-43.52%	481.93%
Accounts Receivable	17.08	35.43	18.14	27.13	20.94	19.22
Other Receivables	39.56	34.55	44.25	51.73	97.99	31.9
Receivables	56.63	69.98	62.39	78.86	118.93	51.12
Inventory	21.46	26.93	32.68	39.25	41.13	31.93
Prepaid Expenses	0.79	0.57	0.55	0.72	0.28	0.13
Other Current Assets	52.57	54.41	28.12	45.32	51.63	79.7
Total Current Assets	133.02	156.54	145.71	181.29	231.14	196.83
Property, Plant & Equipment	137.37	139.83	131.41	138.39	147.47	126.8
Long-Term Investments	-	-	-	0.04	-	0
Goodwill	82.17	82.17	82.17	82.17	82.17	82.17
Other Intangible Assets	0.1	0.12	0.04	0.35	1.09	1.76
Long-Term Deferred Tax Assets	67.71	68.25	56.18	56.79	-	-
Long-Term Deferred Charges	0.86	0.91	1	1.23	1.49	1.86
Other Long-Term Assets	67.66	60.97	66.26	66.64	39.67	77.11
Total Assets	488.9	508.8	482.77	526.89	503.03	492.61
Accounts Payable	20.3	17.73	15.07	15.81	11.17	11.3
Accrued Expenses	10.18	23.92	25.94	31.09	6.67	22.54
Short-Term Debt	-	-	-	-	-	13.16
Current Portion of Long-Term Debt	57.54	56.26	50.63	54.31	38.23	16.84
Current Income Taxes Payable	61.87	0.07	0.02	0.02	16	0.08
Other Current Liabilities	11.72	14.42	11.25	17.43	13.23	13.17
Total Current Liabilities	161.62	112.4	102.92	118.65	85.3	77.08
Long-Term Debt	115.28	123.44	95.03	101.35	90.59	96.38
Long-Term Deferred Tax Liabilities	-	-	-	-	46.98	45.88
Other Long-Term Liabilities	98.68	134.58	125.26	119.19	135.08	121.76
Total Liabilities	375.57	370.42	323.21	339.19	357.96	341.1
Common Stock	1,928	1,922	1,921	1,899	1,897	1,893
Retained Earnings	-2,031	-2,012	-1,981	-2,042	-2,097	-2,055
Comprehensive Income & Other	217.03	228.5	219.43	330.71	344.47	313.75
Total Common Equity	113.32	138.38	159.56	187.71	145.07	151.51
Shareholders' Equity	113.32	138.38	159.56	187.71	145.07	151.51
Total Liabilities & Equity	488.9	508.8	482.77	526.89	503.03	492.61
Total Debt	172.82	179.7	145.66	155.65	128.82	126.37
Net Cash (Debt)	-171.25	-175.04	-123.69	-138.5	-109.64	-92.42
Net Cash Per Share	-3.76	-4.15	-3.01	-4.56	-3.78	-4.02
Filing Date Shares Outstanding	46.69	42.13	41.04	30.35	29.12	26.26
Total Common Shares Outstanding	46.69	42.13	41.04	30.35	29.12	26.26
Working Capital	-28.59	44.14	42.79	62.64	145.84	119.75
Book Value Per Share	2.43	3.28	3.89	6.18	4.98	5.77
Tangible Book Value	31.06	56.09	77.36	105.19	61.82	67.58
Tangible Book Value Per Share	0.67	1.33	1.88	3.47	2.12	2.57
Land	19.78	19.78	48.67	13.73	-	3.88
Buildings	63.21	62.99	78.21	113.15	-	102.29
Machinery	175.43	177.07	122.47	116.11	-	110.61
Construction In Progress	0.59	0.75	1.18	0.93	-	7.1
Order Backlog	-	48.4	-	-	-	-

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