BVMF:MEAL3 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	204.9	171.19	217.8	229.16	285.26	461.28
Short-Term Investments	-	-	-	4.95	88.58	-
Cash & Short-Term Investments	204.9	171.19	217.8	234.11	373.84	461.28
Cash Growth	5.64%	-21.40%	-6.97%	-37.38%	-18.96%	-14.19%
Accounts Receivable	47.58	57.76	106.92	105.17	117.09	89.15
Other Receivables	66.52	73.94	31.33	65.73	63.18	45.38
Receivables	114.1	131.7	138.25	170.9	180.27	134.54
Inventory	48.16	53.68	60.06	52.77	57.38	53.24
Prepaid Expenses	23.61	19.1	15.16	9.22	8.41	3.65
Other Current Assets	21.58	234.08	54.3	37.27	64.73	2.24
Total Current Assets	412.36	609.74	485.57	504.26	684.63	654.94
Property, Plant & Equipment	790.96	849.58	1,181	1,121	1,064	1,030
Long-Term Investments	46.85	49.65	63.55	33.35	68.62	35.77
Goodwill	-	540.16	645	640.65	675.74	715.75
Other Intangible Assets	693.11	159.96	295.49	311.92	326.51	333.81
Long-Term Deferred Tax Assets	40.36	32.41	58.88	49.83	83.43	109.32
Other Long-Term Assets	63.21	64.29	67.77	79.39	51.74	71.81
Total Assets	2,047	2,306	2,797	2,740	2,955	2,951
Accounts Payable	153.34	137.63	218.86	239.27	195.93	191.26
Accrued Expenses	57	55.7	75.84	83.99	81.78	71.7
Short-Term Debt	215.77	-	-	-	-	-
Current Portion of Long-Term Debt	-	234.89	159.76	76.88	264.47	86.81
Current Portion of Leases	94.76	98.31	113.66	99.84	106.78	87.98
Current Income Taxes Payable	6.23	9.7	16.05	12.55	42.94	6.69
Current Unearned Revenue	10.45	10.53	4.42	5.12	3.93	9
Other Current Liabilities	9.55	59.55	35.94	29.38	44.09	34.72
Total Current Liabilities	547.09	606.31	624.54	547.02	739.92	488.16
Long-Term Debt	182.33	234.64	418.77	452.67	399.86	649.39
Long-Term Leases	376.67	415.92	575.1	550.58	529.39	525.88
Long-Term Unearned Revenue	6.04	7.24	8.08	4.06	6.52	16.04
Long-Term Deferred Tax Liabilities	47.08	63.4	36.09	40.11	31.36	40.2
Other Long-Term Liabilities	118.14	118.65	92.99	122.72	116.71	104.83
Total Liabilities	1,277	1,446	1,756	1,717	1,824	1,825
Common Stock	1,155	1,155	1,154	1,154	1,154	1,154
Retained Earnings	-869.73	-795.63	-646.66	-570.38	-488.39	-561.06
Treasury Stock	-	-	-5.55	-5.55	-5.55	-5.55
Comprehensive Income & Other	484.37	500.42	539.05	444.32	470.26	538.93
Total Common Equity	769.5	859.64	1,041	1,023	1,131	1,127
Shareholders' Equity	769.5	859.64	1,041	1,023	1,131	1,127
Total Liabilities & Equity	2,047	2,306	2,797	2,740	2,955	2,951
Total Debt	869.53	983.76	1,267	1,180	1,301	1,350
Net Cash (Debt)	-664.62	-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	-134.74	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	76.39	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.