Wetzel 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	0.28	0.04	0.53	0.3	1.25	0.72
Short-Term Investments	-	3.94	17.73	-	-	-
Cash & Short-Term Investments	0.28	3.98	18.25	0.3	1.25	0.72
Cash Growth	-96.62%	-78.21%	5924.42%	-75.78%	73.27%	-46.79%
Accounts Receivable	46.21	45.44	39.37	33.09	32.47	23.49
Other Receivables	24.93	28.87	36.2	49.85	44.59	28.71
Receivables	71.14	74.31	75.56	82.95	77.06	52.2
Inventory	29.88	33.94	34.34	33.25	32.46	29.55
Prepaid Expenses	7.16	7.22	10.59	0.1	0.1	0.06
Other Current Assets	1.67	1.32	-	0.69	0.9	0.39
Total Current Assets	110.13	120.77	138.74	117.29	111.77	82.93
Property, Plant & Equipment	123.54	165.57	172.31	71.04	64.97	59.51
Other Intangible Assets	0.19	0.19	0.18	0.12	0.17	0.15
Long-Term Deferred Tax Assets	45.96	36.67	14.1	33.18	17.85	5.76
Other Long-Term Assets	49.71	5.42	26.91	78.1	72.98	75.43
Total Assets	329.53	328.62	352.23	299.74	267.74	223.86
Accounts Payable	48.73	34.38	36.75	22.21	26.5	22.38
Accrued Expenses	43.09	39.37	49.61	42.85	37.66	31.69
Short-Term Debt	-	9.88	9.74	6.37	-	-
Current Portion of Long-Term Debt	78.97	62.46	47.19	35.7	34.22	29.69
Current Portion of Leases	1.31	1.58	2.12	1.59	2.88	2.43
Current Income Taxes Payable	1.08	5.22	7.16	1.05	1.14	0.78
Other Current Liabilities	5.69	5.06	4.56	6.32	4.06	4.57
Total Current Liabilities	178.87	157.96	157.13	116.09	106.46	91.55
Long-Term Debt	28.25	36.42	22.69	34.85	20.15	23.46
Long-Term Leases	1.23	1.48	2.68	1.65	1.42	0.62
Long-Term Deferred Tax Liabilities	31.71	31.15	28.05	40.79	39.16	39.31
Other Long-Term Liabilities	97.2	95.01	115.49	112.16	110.34	118.6
Total Liabilities	337.26	322.01	326.04	305.53	277.52	273.53
Common Stock	47.15	47.15	47.15	47.15	47.15	47.15
Retained Earnings	-63.37	-49.05	-29.6	-81.58	-84.08	-114.11
Comprehensive Income & Other	8.5	8.51	8.65	28.64	28.73	18.85
Total Common Equity	-7.73	6.61	26.19	-5.79	-8.2	-48.11
Minority Interest	-	-	-	-	-1.58	-1.57
Shareholders' Equity	-7.73	6.61	26.19	-5.79	-9.78	-49.68
Total Liabilities & Equity	329.53	328.62	352.23	299.74	267.74	223.86
Total Debt	109.76	111.83	84.42	80.16	58.67	56.2
Net Cash (Debt)	-109.48	-107.85	-66.17	-79.86	-57.42	-55.48
Net Cash Per Share	-46.56	-52.40	-32.15	-38.80	-27.90	-26.96
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	-68.74	-37.19	-18.39	1.2	5.31	-8.62
Book Value Per Share	-3.76	3.21	12.73	-2.81	-3.99	-23.38
Tangible Book Value	-7.92	6.41	26.01	-5.92	-8.38	-48.26
Tangible Book Value Per Share	-3.85	3.12	12.64	-2.87	-4.07	-23.45
Land	-	44.19	42.29	8.92	-	-
Buildings	-	0.25	0.25	12.41	-	-
Machinery	-	172.34	184.81	126.07	-	-