BVMF:MRVE3 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	255.86	414.56	406.77	733.75	947.93
Short-Term Investments	2,593	3,325	2,331	1,784	1,493
Trading Asset Securities	7.57	-	86.11	-	22.37
Cash & Short-Term Investments	2,857	3,739	2,824	2,518	2,463
Cash Growth	-23.60%	32.43%	12.13%	2.24%	-8.11%
Accounts Receivable	4,203	3,482	2,851	2,642	2,275
Other Receivables	262.52	193.2	137.82	109.81	112.66
Receivables	4,466	3,675	2,988	2,752	2,388
Inventory	5,436	4,923	4,588	4,584	4,319
Prepaid Expenses	166.31	178.86	146.03	102.5	87.74
Other Current Assets	2,526	1,178	1,115	346.83	324.19
Total Current Assets	15,452	13,695	11,662	10,303	9,582
Property, Plant & Equipment	1,281	1,245	979.16	778.39	611.61
Long-Term Investments	1,010	745.21	863.48	598.14	527.94
Other Intangible Assets	228.78	181.88	180.01	181.08	177.34
Long-Term Accounts Receivable	3,644	3,221	2,434	1,523	1,641
Long-Term Deferred Tax Assets	188.07	188.07	206.79	-	-
Other Long-Term Assets	6,687	10,120	8,713	9,192	7,658
Total Assets	28,529	29,431	25,072	22,601	20,225
Accounts Payable	865.42	851.6	724.18	895.09	716.43
Accrued Expenses	506.72	452.87	396.99	333.79	285.34
Current Portion of Long-Term Debt	1,262	3,224	1,366	1,361	859.82
Current Income Taxes Payable	26.14	15.52	30.08	46	34.44
Current Unearned Revenue	563.84	269.38	290.17	230.77	227.88
Other Current Liabilities	4,296	3,246	2,753	2,112	1,844
Total Current Liabilities	7,626	8,142	5,626	5,064	4,047
Long-Term Debt	7,397	6,751	6,525	6,444	4,474
Long-Term Leases	-	90.22	92.51	78.43	78.62
Long-Term Unearned Revenue	252.13	158.31	158.46	253.54	328.85
Long-Term Deferred Tax Liabilities	133.14	96.71	96.87	92.23	176.51
Other Long-Term Liabilities	6,966	6,722	5,008	4,095	4,521
Total Liabilities	22,374	21,960	17,507	16,027	13,625
Common Stock	5,621	5,621	5,617	4,615	4,615
Retained Earnings	-403.94	565.63	1,104	1,148	1,359
Treasury Stock	-0.39	-0.39	-0.39	-0.39	-0.39
Comprehensive Income & Other	111.19	246.4	24.79	64.04	145.95
Total Common Equity	5,328	6,433	6,745	5,827	6,120
Minority Interest	827.39	1,038	819.29	746.87	479.99
Shareholders' Equity	6,155	7,470	7,565	6,574	6,599
Total Liabilities & Equity	28,529	29,431	25,072	22,601	20,225
Total Debt	8,659	10,065	7,983	7,884	5,412
Net Cash (Debt)	-5,126	-5,936	-5,159	-5,365	-2,640
Net Cash Per Share	-9.11	-10.55	-9.91	-11.10	-5.44
Filing Date Shares Outstanding	562.83	562.83	561.97	483.23	483.23
Total Common Shares Outstanding	562.83	562.83	561.97	483.23	482.87
Working Capital	7,826	5,553	6,036	5,240	5,535
Book Value Per Share	9.47	11.43	12.00	12.06	12.67
Tangible Book Value	5,099	6,251	6,565	5,646	5,942
Tangible Book Value Per Share	9.06	11.11	11.68	11.68	12.31
Buildings	61.69	61.6	57.4	54.59	55.12
Machinery	1,395	1,170	965.76	848.11	606.68
Construction In Progress	19.21	21.56	10.24	18.19	16.63

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.