Paranapanema 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	2.17	8.52	0.09	2.5	40.12
Short-Term Investments	39.29	33.92	24.37	16.4	-
Cash & Short-Term Investments	41.45	42.44	24.45	18.9	40.12
Cash Growth	-2.33%	73.58%	29.39%	-52.89%	-71.09%
Accounts Receivable	9.1	1.74	1.75	40.55	109
Other Receivables	10.6	26.92	41.04	103.56	99.63
Receivables	19.71	28.66	42.79	144.11	208.62
Inventory	89.91	271.75	298.09	291.81	716.48
Prepaid Expenses	16.75	10.31	13.45	8.82	10.77
Restricted Cash	-	-	0.01	0.1	-
Other Current Assets	32.23	44.77	9.51	106.22	112.55
Total Current Assets	200.04	397.93	388.3	569.96	1,089
Property, Plant & Equipment	619.77	931.67	1,016	1,110	1,136
Long-Term Investments	2.83	25.7	2.82	0.04	-
Other Intangible Assets	2.69	3.39	4.57	5.89	6.12
Long-Term Accounts Receivable	1.17	0.39	-	-	-
Long-Term Deferred Tax Assets	0.28	-	-	-	-
Other Long-Term Assets	380.39	268.02	373.06	303.08	835.92
Total Assets	1,207	1,627	1,784	1,989	3,066
Accounts Payable	651.36	639.11	407.77	436.6	135
Accrued Expenses	346.88	124.03	111.4	62.7	72.83
Short-Term Debt	9.02	15.78	0.23	11.15	169.86
Current Portion of Long-Term Debt	5,655	4,863	3,245	2,811	623.15
Current Portion of Leases	2.61	3.77	8.82	11.04	9.2
Current Income Taxes Payable	1.98	-	0.22	0.13	-
Current Unearned Revenue	74.73	72.84	64.34	91.85	103.85
Other Current Liabilities	646.21	542.91	29.61	50.6	15.57
Total Current Liabilities	7,388	6,261	3,868	3,475	1,129
Long-Term Debt	49.99	359.7	476.61	382.15	2,635
Long-Term Leases	1.72	2.89	3.76	1.51	2.39
Long-Term Deferred Tax Liabilities	54.12	57.31	59.56	25.6	52.47
Other Long-Term Liabilities	1,258	1,232	1,600	921.63	201.21
Total Liabilities	8,751	7,913	6,008	4,806	4,020
Common Stock	2,246	2,172	2,070	2,070	2,070
Retained Earnings	-9,889	-8,561	-6,427	-5,042	-2,390
Treasury Stock	-0.74	-0.74	-0.74	-0.74	-0.74
Comprehensive Income & Other	99.68	103.31	134.28	155.95	-632.59
Shareholders' Equity	-7,544	-6,286	-4,224	-2,818	-954.03
Total Liabilities & Equity	1,207	1,627	1,784	1,989	3,066
Total Debt	5,718	5,245	3,735	3,217	3,440
Net Cash (Debt)	-5,677	-5,202	-3,710	-3,198	-3,399
Net Cash Per Share	-57.86	-98.33	-85.48	-73.69	-83.52
Filing Date Shares Outstanding	120.54	69.56	43.4	43.4	43.4
Total Common Shares Outstanding	120.54	69.56	43.4	43.4	43.4
Working Capital	-7,188	-5,863	-3,479	-2,905	-40.93
Book Value Per Share	-62.59	-90.36	-97.31	-64.92	-21.98
Tangible Book Value	-7,547	-6,289	-4,228	-2,823	-960.15
Tangible Book Value Per Share	-62.61	-90.41	-97.42	-65.05	-22.12

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