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
Period Ending	Sep '25 Sep 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
Cash & Equivalents	280.61	370.73	215.27	180.76	213.7	679.93
Trading Asset Securities	-	-	53.62	52.53	20.98	0.23
Cash & Short-Term Investments	280.61	370.73	268.88	233.29	234.69	680.16
Cash Growth	4.12%	37.88%	15.26%	-0.59%	-65.50%	136.74%
Accounts Receivable	568.92	545.05	520.05	438.74	383.03	363.72
Other Receivables	78.39	61.96	52.24	58.29	16.73	9.32
Receivables	647.32	607.02	572.29	497.03	399.76	373.04
Restricted Cash	18.35	7.62	7.94	6.93	-	-
Other Current Assets	2.31	0.78	25.41	15.38	82.76	29.1
Total Current Assets	948.59	986.13	874.53	752.64	717.2	1,082
Property, Plant & Equipment	1,019	1,091	1,195	1,081	1,008	1,024
Long-Term Investments	0.78	0.76	1.47	0.54	-	-
Goodwill	591.92	591.94	607.22	607.08	513.33	302.27
Other Intangible Assets	550.17	566.66	584.57	596.9	545.92	414.47
Long-Term Accounts Receivable	37.26	23.57	1.49	73.33	79.21	66.28
Long-Term Deferred Tax Assets	23.72	22.76	23.71	21.62	18.49	5.05
Other Long-Term Assets	186.54	173.75	201.34	259.11	210.24	197.3
Total Assets	3,358	3,456	3,489	3,392	3,093	3,091
Accounts Payable	113.32	41.8	40.67	32.26	34.07	38.17
Accrued Expenses	184.83	145.06	150.4	126.2	111.05	105.5
Current Portion of Long-Term Debt	279.78	292.48	241.16	191.55	201.31	163.79
Current Portion of Leases	78.09	66.51	68.52	66.91	70.36	49.32
Current Income Taxes Payable	11.48	1.82	3.24	6.11	3.35	29.38
Other Current Liabilities	77.32	183.19	152.43	129.21	98.6	63.59
Total Current Liabilities	744.82	730.86	656.43	552.23	518.74	449.74
Long-Term Debt	508.16	671.85	613.39	574.19	234.31	426.59
Long-Term Leases	674.42	718	777.28	639.02	557.05	602.39
Other Long-Term Liabilities	101.7	126.91	232.34	389.11	319.42	186.28
Total Liabilities	2,029	2,248	2,279	2,155	1,630	1,665
Common Stock	991.64	991.64	991.64	987.55	991.64	991.64
Retained Earnings	344.45	-	-	253.38	475.53	438.94
Treasury Stock	-7.03	-13.35	-3.4	-3.4	-	-
Comprehensive Income & Other	-0.13	230.17	221.24	-	-4.09	-4.09
Shareholders' Equity	1,329	1,208	1,209	1,238	1,463	1,426
Total Liabilities & Equity	3,358	3,456	3,489	3,392	3,093	3,091
Total Debt	1,540	1,749	1,700	1,472	1,063	1,242
Net Cash (Debt)	-1,260	-1,378	-1,431	-1,238	-828.34	-561.93
Net Cash Per Share	-9.91	-10.81	-11.15	-9.64	-6.44	-4.37
Filing Date Shares Outstanding	127.61	126.62	128.33	128.33	128.72	128.72
Total Common Shares Outstanding	127.61	126.62	128.33	128.33	128.72	128.72
Working Capital	203.77	255.27	218.1	200.41	198.46	632.56
Book Value Per Share	10.41	9.54	9.42	9.64	11.37	11.08
Tangible Book Value	186.84	49.87	17.7	33.56	403.83	709.75
Tangible Book Value Per Share	1.46	0.39	0.14	0.26	3.14	5.51
Land	25.26	25.26	-	25.26	-	-
Buildings	527.9	534.87	-	486.1	-	-
Machinery	507.67	491.66	-	437.55	-	-
Construction In Progress	3.74	4.75	-	1.27	-	-

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