BVMF:MEAL3 Balance Sheet

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	171.19	217.8	229.16	285.26	461.28
Short-Term Investments	-	-	4.95	88.58	-
Cash & Short-Term Investments	171.19	217.8	234.11	373.84	461.28
Cash Growth	-21.40%	-6.97%	-37.38%	-18.96%	-14.19%
Accounts Receivable	57.76	106.92	105.17	117.09	89.15
Other Receivables	73.94	31.33	65.73	63.18	45.38
Receivables	131.7	138.25	170.9	180.27	134.54
Inventory	53.68	60.06	52.77	57.38	53.24
Prepaid Expenses	19.1	15.16	9.22	8.41	3.65
Other Current Assets	234.08	54.3	37.27	64.73	2.24
Total Current Assets	609.74	485.57	504.26	684.63	654.94
Property, Plant & Equipment	849.58	1,181	1,121	1,064	1,030
Long-Term Investments	49.65	63.55	33.35	68.62	35.77
Goodwill	540.16	645	640.65	675.74	715.75
Other Intangible Assets	159.96	295.49	311.92	326.51	333.81
Long-Term Deferred Tax Assets	32.41	58.88	49.83	83.43	109.32
Other Long-Term Assets	64.29	67.77	79.39	51.74	71.81
Total Assets	2,306	2,797	2,740	2,955	2,951
Accounts Payable	137.63	218.86	239.27	195.93	191.26
Accrued Expenses	55.7	75.84	83.99	81.78	71.7
Current Portion of Long-Term Debt	234.89	159.76	76.88	264.47	86.81
Current Portion of Leases	98.31	113.66	99.84	106.78	87.98
Current Income Taxes Payable	9.7	16.05	12.55	42.94	6.69
Current Unearned Revenue	10.53	4.42	5.12	3.93	9
Other Current Liabilities	59.55	35.94	29.38	44.09	34.72
Total Current Liabilities	606.31	624.54	547.02	739.92	488.16
Long-Term Debt	234.64	418.77	452.67	399.86	649.39
Long-Term Leases	415.92	575.1	550.58	529.39	525.88
Long-Term Unearned Revenue	7.24	8.08	4.06	6.52	16.04
Long-Term Deferred Tax Liabilities	63.4	36.09	40.11	31.36	40.2
Other Long-Term Liabilities	118.65	92.99	122.72	116.71	104.83
Total Liabilities	1,446	1,756	1,717	1,824	1,825
Common Stock	1,155	1,154	1,154	1,154	1,154
Retained Earnings	-795.63	-646.66	-570.38	-488.39	-561.06
Treasury Stock	-	-5.55	-5.55	-5.55	-5.55
Comprehensive Income & Other	500.42	539.05	444.32	470.26	538.93
Total Common Equity	859.64	1,041	1,023	1,131	1,127
Shareholders' Equity	859.64	1,041	1,023	1,131	1,127
Total Liabilities & Equity	2,306	2,797	2,740	2,955	2,951
Total Debt	983.76	1,267	1,180	1,301	1,350
Net Cash (Debt)	-812.57	-1,049	-945.86	-926.67	-888.79
Net Cash Per Share	-2.84	-3.68	-3.31	-3.25	-3.11
Filing Date Shares Outstanding	286.68	285.44	285.44	285.44	285.44
Total Common Shares Outstanding	286.68	285.44	285.44	285.44	285.44
Working Capital	3.44	-138.98	-42.76	-55.29	166.77
Book Value Per Share	3.00	3.65	3.58	3.96	3.95
Tangible Book Value	159.52	100.82	70.28	128.53	77.12
Tangible Book Value Per Share	0.56	0.35	0.25	0.45	0.27
Land	-	-	-	4.08	5.21
Machinery	353.63	463.97	400.97	366.41	417.68
Construction In Progress	14.05	57.55	45.01	87.17	137.92
Leasehold Improvements	598.09	738.3	614.71	598.33	520.43

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