Ser Educacional 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	2015 - 2019
Period Ending	Jun '25 Jun 30, 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	2015 - 2019
Cash & Equivalents	250.98	370.73	215.27	180.76	213.7	679.93	Upgrade
Trading Asset Securities	-	-	53.62	52.53	20.98	0.23	Upgrade
Cash & Short-Term Investments	250.98	370.73	268.88	233.29	234.69	680.16	Upgrade
Cash Growth	-20.54%	37.88%	15.26%	-0.59%	-65.50%	136.74%	Upgrade
Accounts Receivable	592.12	545.05	520.05	438.74	383.03	363.72	Upgrade
Other Receivables	50.13	61.96	52.24	58.29	16.73	9.32	Upgrade
Receivables	642.25	607.02	572.29	497.03	399.76	373.04	Upgrade
Restricted Cash	17.8	7.62	7.94	6.93	-	-	Upgrade
Other Current Assets	41.92	0.78	25.41	15.38	82.76	29.1	Upgrade
Total Current Assets	952.94	986.13	874.53	752.64	717.2	1,082	Upgrade
Property, Plant & Equipment	1,047	1,091	1,195	1,081	1,008	1,024	Upgrade
Long-Term Investments	0.78	0.76	1.47	0.54	-	-	Upgrade
Goodwill	591.91	591.94	607.22	607.08	513.33	302.27	Upgrade
Other Intangible Assets	552.53	566.66	584.57	596.9	545.92	414.47	Upgrade
Long-Term Accounts Receivable	30.6	23.57	1.49	73.33	79.21	66.28	Upgrade
Long-Term Deferred Tax Assets	23.34	22.76	23.71	21.62	18.49	5.05	Upgrade
Other Long-Term Assets	179.06	173.75	201.34	259.11	210.24	197.3	Upgrade
Total Assets	3,378	3,456	3,489	3,392	3,093	3,091	Upgrade
Accounts Payable	42.02	41.8	40.67	32.26	34.07	38.17	Upgrade
Accrued Expenses	172.83	145.06	150.4	126.2	111.05	105.5	Upgrade
Current Portion of Long-Term Debt	264.04	292.48	241.16	191.55	201.31	163.79	Upgrade
Current Portion of Leases	73.59	66.51	68.52	66.91	70.36	49.32	Upgrade
Current Income Taxes Payable	8.68	1.82	3.24	6.11	3.35	29.38	Upgrade
Other Current Liabilities	144.8	183.19	152.43	129.21	98.6	63.59	Upgrade
Total Current Liabilities	705.94	730.86	656.43	552.23	518.74	449.74	Upgrade
Long-Term Debt	565.71	671.85	613.39	574.19	234.31	426.59	Upgrade
Long-Term Leases	694.57	718	777.28	639.02	557.05	602.39	Upgrade
Other Long-Term Liabilities	97.23	126.91	232.34	389.11	319.42	186.28	Upgrade
Total Liabilities	2,063	2,248	2,279	2,155	1,630	1,665	Upgrade
Common Stock	991.64	991.64	991.64	987.55	991.64	991.64	Upgrade
Retained Earnings	329.53	-	-	253.38	475.53	438.94	Upgrade
Treasury Stock	-9.51	-13.35	-3.4	-3.4	-	-	Upgrade
Comprehensive Income & Other	2.79	230.17	221.24	-	-4.09	-4.09	Upgrade
Shareholders' Equity	1,314	1,208	1,209	1,238	1,463	1,426	Upgrade
Total Liabilities & Equity	3,378	3,456	3,489	3,392	3,093	3,091	Upgrade
Total Debt	1,598	1,749	1,700	1,472	1,063	1,242	Upgrade
Net Cash (Debt)	-1,347	-1,378	-1,431	-1,238	-828.34	-561.93	Upgrade
Net Cash Per Share	-10.64	-10.81	-11.15	-9.64	-6.44	-4.37	Upgrade
Filing Date Shares Outstanding	126.62	126.62	128.33	128.33	128.72	128.72	Upgrade
Total Common Shares Outstanding	126.62	126.62	128.33	128.33	128.72	128.72	Upgrade
Working Capital	247	255.27	218.1	200.41	198.46	632.56	Upgrade
Book Value Per Share	10.38	9.54	9.42	9.64	11.37	11.08	Upgrade
Tangible Book Value	170.02	49.87	17.7	33.56	403.83	709.75	Upgrade
Tangible Book Value Per Share	1.34	0.39	0.14	0.26	3.14	5.51	Upgrade
Land	25.26	25.26	-	25.26	-	-	Upgrade
Buildings	529.56	534.87	-	486.1	-	-	Upgrade
Machinery	503.11	491.66	-	437.55	-	-	Upgrade
Construction In Progress	3.64	4.75	-	1.27	-	-	Upgrade

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