BVMF:MSPA3 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	28.05	46.69	44.76	22.21	67.51
Short-Term Investments	29.5	16.51	11.41	3.34	-
Cash & Short-Term Investments	57.55	63.2	56.17	25.54	67.51
Cash Growth	-8.94%	12.51%	119.90%	-62.17%	95.72%
Accounts Receivable	31.94	29.78	27.92	42.33	29.47
Other Receivables	9.57	7.39	6.81	4.56	12.36
Receivables	41.51	37.16	34.74	46.89	41.83
Inventory	27.52	23.95	26.38	24.5	20.78
Prepaid Expenses	2.23	1.03	1.12	2.66	2.28
Other Current Assets	-	-	-	-0	0.69
Total Current Assets	128.8	125.34	118.4	99.59	133.09
Property, Plant & Equipment	1,211	1,200	1,160	1,170	1,230
Long-Term Investments	66.81	70.83	92.92	100.06	5.93
Other Intangible Assets	-	4.44	3.28	0.34	1.58
Long-Term Accounts Receivable	0.1	0.3	1.83	1.02	1.41
Long-Term Deferred Charges	13.55	-	-	-	-
Other Long-Term Assets	11.83	23.21	40.33	47.54	77.48
Total Assets	1,432	1,424	1,417	1,418	1,450
Accounts Payable	16.07	14.96	13.98	19.16	19.2
Accrued Expenses	12.51	16.56	19.95	12.84	13.14
Current Portion of Long-Term Debt	45.85	44.62	23.52	27.35	27.78
Current Portion of Leases	-	2.09	3.14	1.87	0.13
Current Income Taxes Payable	5.49	0.06	0.01	0.42	0.07
Other Current Liabilities	36.87	19.93	10.76	8.25	13.59
Total Current Liabilities	116.8	98.23	71.36	69.89	73.92
Long-Term Debt	160.93	128.69	114.38	106.02	118.59
Long-Term Leases	-	1.36	3.77	3.1	0.08
Long-Term Unearned Revenue	1.44	1.44	1.44	1.44	1.44
Long-Term Deferred Tax Liabilities	331.02	333.05	338.77	340.7	356.73
Other Long-Term Liabilities	10.12	14.63	48.39	71.07	75.7
Total Liabilities	620.32	577.39	578.11	592.21	626.45
Common Stock	153.72	153.72	153.72	153.72	153.72
Retained Earnings	24.62	57.21	48.11	40.58	-
Comprehensive Income & Other	633.62	635.65	636.74	631.6	669.78
Total Common Equity	811.96	846.59	838.57	825.9	823.5
Shareholders' Equity	811.96	846.59	838.57	825.9	823.5
Total Liabilities & Equity	1,432	1,424	1,417	1,418	1,450
Total Debt	206.79	176.76	144.81	138.34	146.58
Net Cash (Debt)	-149.24	-113.56	-88.64	-112.8	-79.07
Net Cash Per Share	-	-17.75	-13.85	-17.63	-12.36
Filing Date Shares Outstanding	-	6.4	6.4	6.4	6.4
Total Common Shares Outstanding	-	6.4	6.4	6.4	6.4
Working Capital	12	27.11	47.04	29.71	59.17
Book Value Per Share	-	132.30	131.05	129.07	128.69
Tangible Book Value	811.96	842.15	835.28	825.56	821.92
Tangible Book Value Per Share	-	131.61	130.53	129.01	128.45
Land	-	964.66	972.36	966.39	1,026
Machinery	-	135.43	138.43	136.84	131.8
Construction In Progress	-	55.1	11.54	5.32	2.54

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