Wetzel Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	0.1	0.53	0.3	1.25	0.72	1.36
Trading Asset Securities	8.24	17.73	-	-	-	-
Cash & Short-Term Investments	8.34	18.25	0.3	1.25	0.72	1.36
Cash Growth	2375.07%	5924.42%	-75.78%	73.27%	-46.79%	-66.01%
Accounts Receivable	34.18	39.37	33.09	32.47	23.49	20.83
Other Receivables	31.86	35.49	49.85	44.59	28.71	1.35
Receivables	66.04	74.86	82.95	77.06	52.2	22.18
Inventory	34.6	34.34	33.25	32.46	29.55	20.29
Prepaid Expenses	1.85	10.59	0.1	0.1	0.06	0.08
Other Current Assets	3.18	0.7	0.69	0.9	0.39	0.43
Total Current Assets	114.01	138.74	117.29	111.77	82.93	44.33
Property, Plant & Equipment	125.85	130.02	71.04	64.97	59.51	52.73
Long-Term Investments	-	-	-	-	-	0.81
Other Intangible Assets	0.16	0.18	0.12	0.17	0.15	0.11
Long-Term Deferred Tax Assets	17.86	14.1	33.18	17.85	5.76	15.11
Other Long-Term Assets	47.77	69.2	78.1	72.98	75.43	70.71
Total Assets	305.66	352.23	299.74	267.74	223.86	183.88
Accounts Payable	29	36.75	22.21	26.5	22.38	13.98
Accrued Expenses	45.03	54.82	42.85	37.66	31.69	54.04
Short-Term Debt	7.07	9.74	6.37	-	-	-
Current Portion of Long-Term Debt	55.17	47.19	35.7	34.22	29.69	15.63
Current Portion of Leases	2.12	2.12	1.59	2.88	2.43	2.5
Current Income Taxes Payable	0.9	1.95	1.05	1.14	0.78	31.58
Other Current Liabilities	4.67	4.56	6.32	4.06	4.57	3.69
Total Current Liabilities	143.95	157.13	116.09	106.46	91.55	121.41
Long-Term Debt	21.57	22.69	34.85	20.15	23.46	28.09
Long-Term Leases	2.23	2.68	1.65	1.42	0.62	0.24
Long-Term Deferred Tax Liabilities	28.51	28.05	40.79	39.16	39.31	37.48
Other Long-Term Liabilities	89.56	115.49	112.16	110.34	118.6	181.69
Total Liabilities	285.82	326.04	305.53	277.52	273.53	368.91
Common Stock	47.15	47.15	47.15	47.15	47.15	47.15
Retained Earnings	-35.87	-29.6	-81.58	-84.08	-114.11	-249.55
Comprehensive Income & Other	8.56	8.65	28.64	28.73	18.85	18.95
Total Common Equity	19.84	26.19	-5.79	-8.2	-48.11	-183.46
Minority Interest	-	-	-	-1.58	-1.57	-1.57
Shareholders' Equity	19.84	26.19	-5.79	-9.78	-49.68	-185.03
Total Liabilities & Equity	305.66	352.23	299.74	267.74	223.86	183.88
Total Debt	88.16	84.42	80.16	58.67	56.2	46.46
Net Cash (Debt)	-79.82	-66.17	-79.86	-57.42	-55.48	-45.1
Net Cash Per Share	-38.78	-32.15	-38.80	-27.90	-26.96	-21.91
Filing Date Shares Outstanding	2.06	2.06	2.06	2.06	2.06	2.06
Total Common Shares Outstanding	2.06	2.06	2.06	2.06	2.06	2.06
Working Capital	-29.95	-18.39	1.2	5.31	-8.62	-77.08
Book Value Per Share	9.64	12.73	-2.81	-3.99	-23.38	-89.14
Tangible Book Value	19.67	26.01	-5.92	-8.38	-48.26	-183.57
Tangible Book Value Per Share	9.56	12.64	-2.87	-4.07	-23.45	-89.20
Land	-	-	8.92	-	-	-
Buildings	0.25	0.25	12.41	-	-	-
Machinery	197.32	184.81	126.07	-	-	-

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