Minupar Participações 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	33.27	40.89	103.87	80.86	75.16	0.86
Short-Term Investments	92.8	82.34	-	-	-	-
Cash & Short-Term Investments	126.07	123.23	103.87	80.86	75.16	0.86
Cash Growth	19.74%	18.63%	28.47%	7.58%	8649.83%	527.01%
Accounts Receivable	79.03	67.65	61.49	57.08	54.49	102.72
Other Receivables	17.13	17.87	19.92	18.32	14.37	11.53
Receivables	96.16	85.52	81.4	75.4	68.86	114.25
Inventory	29.23	28.85	22.52	16.76	17.45	12.49
Prepaid Expenses	-	0.87	0.82	-	-	-
Other Current Assets	7.31	5.83	2.38	5.02	0.97	-
Total Current Assets	258.77	244.29	211	178.03	162.44	127.6
Property, Plant & Equipment	148.78	144.24	134.16	112.2	92.71	89.79
Other Intangible Assets	0.55	0.56	0.58	0.3	0.3	0.35
Long-Term Deferred Tax Assets	10.45	15.02	-	-	-	-
Other Long-Term Assets	30.03	29.94	29.26	36.77	42.31	49.14
Total Assets	448.58	434.06	375	327.3	297.89	266.93
Accounts Payable	24.31	19.75	18.74	18.57	14.98	13.39
Accrued Expenses	31.37	39.78	385.11	21.93	498.1	482.51
Current Portion of Long-Term Debt	-	-	-	0.27	0.13	0.11
Current Portion of Leases	1.98	1.75	1.73	1.34	-	-
Current Income Taxes Payable	5.83	1.68	153.04	497.32	-	-
Other Current Liabilities	25.58	23.46	33.04	20.63	25.14	14.87
Total Current Liabilities	89.06	86.41	592.55	560.97	539.81	513.42
Long-Term Debt	49.83	49.83	49.83	37.74	33.89	33.15
Long-Term Leases	3	3.31	5.32	5.69	-	-
Long-Term Deferred Tax Liabilities	-	-	14.74	16.07	16.84	17.39
Other Long-Term Liabilities	105.47	104.77	24.69	31	43.44	47.14
Total Liabilities	247.36	244.32	687.13	651.47	633.97	611.09
Common Stock	120.11	120.11	120.11	120.11	120.11	120.11
Retained Earnings	47.45	35.85	-466.05	-480.82	-492.95	-499.99
Comprehensive Income & Other	33.45	33.58	34.08	36.82	37.07	36.06
Total Common Equity	201	189.54	-311.86	-323.89	-335.77	-343.83
Minority Interest	0.21	0.2	-0.26	-0.29	-0.31	-0.33
Shareholders' Equity	201.22	189.74	-312.13	-324.18	-336.09	-344.16
Total Liabilities & Equity	448.58	434.06	375	327.3	297.89	266.93
Total Debt	54.81	54.89	56.87	45.05	34.01	33.26
Net Cash (Debt)	71.26	68.35	47	35.81	41.15	-32.4
Net Cash Growth	46.39%	45.41%	31.25%	-12.97%	-	-
Net Cash Per Share	0.87	0.96	0.66	0.50	0.58	-0.46
Filing Date Shares Outstanding	50.31	71	71	71	71	71
Total Common Shares Outstanding	50.31	71	71	71	71	71
Working Capital	169.71	157.88	-381.56	-382.94	-377.37	-385.82
Book Value Per Share	4.00	2.67	-4.39	-4.56	-4.73	-4.84
Tangible Book Value	200.46	188.98	-312.44	-324.19	-336.08	-344.18
Tangible Book Value Per Share	3.98	2.66	-4.40	-4.57	-4.73	-4.85
Land	-	15.59	15.59	-	-	-
Buildings	-	106.9	97.4	-	-	-
Machinery	-	97.48	89.22	-	-	-
Construction In Progress	-	7.47	8.09	-	-	-

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