Wetzel 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	0.04	0.53	0.3	1.25	0.72
Short-Term Investments	3.94	-	-	-	-
Trading Asset Securities	-	17.73	-	-	-
Cash & Short-Term Investments	3.98	18.25	0.3	1.25	0.72
Cash Growth	-78.21%	5924.42%	-75.78%	73.27%	-46.79%
Accounts Receivable	45.44	39.37	33.09	32.47	23.49
Other Receivables	28.17	35.49	49.85	44.59	28.71
Receivables	73.61	74.86	82.95	77.06	52.2
Inventory	33.94	34.34	33.25	32.46	29.55
Prepaid Expenses	7.22	10.59	0.1	0.1	0.06
Other Current Assets	2.02	0.7	0.69	0.9	0.39
Total Current Assets	120.77	138.74	117.29	111.77	82.93
Property, Plant & Equipment	121.38	130.02	71.04	64.97	59.51
Other Intangible Assets	0.19	0.18	0.12	0.17	0.15
Long-Term Deferred Tax Assets	36.67	14.1	33.18	17.85	5.76
Other Long-Term Assets	49.61	69.2	78.1	72.98	75.43
Total Assets	328.62	352.23	299.74	267.74	223.86
Accounts Payable	34.38	36.75	22.21	26.5	22.38
Accrued Expenses	31.8	54.82	42.85	37.66	31.69
Short-Term Debt	73.93	9.74	6.37	-	-
Current Portion of Long-Term Debt	-	47.19	35.7	34.22	29.69
Current Portion of Leases	-	2.12	1.59	2.88	2.43
Current Income Taxes Payable	1.1	1.95	1.05	1.14	0.78
Other Current Liabilities	16.75	4.56	6.32	4.06	4.57
Total Current Liabilities	157.96	157.13	116.09	106.46	91.55
Long-Term Debt	37.9	22.69	34.85	20.15	23.46
Long-Term Leases	-	2.68	1.65	1.42	0.62
Long-Term Deferred Tax Liabilities	31.15	28.05	40.79	39.16	39.31
Other Long-Term Liabilities	95.01	115.49	112.16	110.34	118.6
Total Liabilities	322.01	326.04	305.53	277.52	273.53
Common Stock	47.15	47.15	47.15	47.15	47.15
Retained Earnings	-49.05	-29.6	-81.58	-84.08	-114.11
Comprehensive Income & Other	8.51	8.65	28.64	28.73	18.85
Total Common Equity	6.61	26.19	-5.79	-8.2	-48.11
Minority Interest	-	-	-	-1.58	-1.57
Shareholders' Equity	6.61	26.19	-5.79	-9.78	-49.68
Total Liabilities & Equity	328.62	352.23	299.74	267.74	223.86
Total Debt	111.83	84.42	80.16	58.67	56.2
Net Cash (Debt)	-107.85	-66.17	-79.86	-57.42	-55.48
Net Cash Per Share	-74.21	-32.15	-38.80	-27.90	-26.96
Filing Date Shares Outstanding	-	2.06	2.06	2.06	2.06
Total Common Shares Outstanding	-	2.06	2.06	2.06	2.06
Working Capital	-37.19	-18.39	1.2	5.31	-8.62
Book Value Per Share	-	12.73	-2.81	-3.99	-23.38
Tangible Book Value	6.41	26.01	-5.92	-8.38	-48.26
Tangible Book Value Per Share	-	12.64	-2.87	-4.07	-23.45
Land	-	-	8.92	-	-
Buildings	-	0.25	12.41	-	-
Machinery	-	184.81	126.07	-	-

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