BVMF:MILS3 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	434.4	542.46	546.89	780.13	202.72
Short-Term Investments	155.8	226.36	-	-	-
Cash & Short-Term Investments	590.2	768.82	546.89	780.13	202.72
Cash Growth	-23.23%	40.58%	-29.90%	284.83%	-46.50%
Accounts Receivable	490.7	403.64	319.82	247.11	155.23
Other Receivables	80.3	48.12	36.35	30.24	14.84
Receivables	571	451.76	356.17	277.35	170.07
Inventory	107.4	113.2	72.07	75.19	74.09
Other Current Assets	85.9	125.29	40.19	49.35	31.37
Total Current Assets	1,355	1,459	1,015	1,182	478.25
Property, Plant & Equipment	2,238	1,855	1,239	912.6	442.44
Long-Term Investments	-	-	0	0	34.01
Goodwill	-	199.52	120.99	120.99	134.77
Other Intangible Assets	333.9	110.88	79.98	63.59	39.51
Long-Term Deferred Tax Assets	113.2	170.29	223.51	268.29	310.88
Other Long-Term Assets	69.8	74.22	61.82	40.95	10.1
Total Assets	4,109	3,869	2,740	2,588	1,450
Accounts Payable	158.1	129.76	103.2	224.8	43.18
Accrued Expenses	117.1	90.46	78.73	75.6	48.97
Current Portion of Long-Term Debt	81.8	307.6	152.92	79.19	52.15
Current Portion of Leases	39.3	38.28	28.72	28.31	15.94
Current Income Taxes Payable	2.4	2.4	3.89	6.54	8.98
Other Current Liabilities	218.3	86.11	19.74	2.49	14.07
Total Current Liabilities	617	654.62	387.21	416.93	183.29
Long-Term Debt	1,694	1,493	758.2	805.45	96.11
Long-Term Leases	56	56.3	57.93	59.29	37.3
Pension & Post-Retirement Benefits	4.3	7.75	11.32	11.25	8.92
Long-Term Deferred Tax Liabilities	33	20.45	-	-	-
Other Long-Term Liabilities	127	188.9	64.13	56.15	31.37
Total Liabilities	2,531	2,421	1,279	1,349	356.99
Common Stock	1,092	1,092	1,092	1,092	1,090
Additional Paid-In Capital	-	41.87	36.14	19.93	61.63
Retained Earnings	663.1	543.29	403.38	203.63	44.42
Treasury Stock	-72.5	-71.62	-36.24	-41.47	-70.16
Comprehensive Income & Other	-107.6	-159.81	-35.68	-36.45	-35.5
Total Common Equity	1,575	1,445	1,459	1,237	1,091
Minority Interest	3.2	2.75	2.45	2.17	2.23
Shareholders' Equity	1,578	1,448	1,462	1,239	1,093
Total Liabilities & Equity	4,109	3,869	2,740	2,588	1,450
Total Debt	1,871	1,895	997.78	972.24	201.5
Net Cash (Debt)	-1,281	-1,127	-450.89	-192.11	1.22
Net Cash Growth	-	-	-	-	-98.94%
Net Cash Per Share	-5.49	-4.70	-1.84	-0.92	0.01
Filing Date Shares Outstanding	255.4	226.93	241.5	240.81	243.44
Total Common Shares Outstanding	255.4	226.93	241.5	240.81	243.44
Working Capital	737.5	804.45	628.1	765.09	294.96
Book Value Per Share	6.17	6.37	6.04	5.14	4.48
Tangible Book Value	1,241	1,135	1,258	1,053	916.45
Tangible Book Value Per Share	4.86	5.00	5.21	4.37	3.76
Buildings	-	21.14	21.12	21.12	21.12
Machinery	-	3,427	2,524	2,087	1,541
Construction In Progress	-	2.21	7.37	16.53	8.74
Leasehold Improvements	-	93.89	72.72	54.06	31

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