Ser Educacional 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	261.93	370.73	215.27	180.76	213.7
Trading Asset Securities	-	-	53.62	52.53	20.98
Cash & Short-Term Investments	261.93	370.73	268.88	233.29	234.69
Cash Growth	-29.35%	37.88%	15.26%	-0.59%	-65.50%
Accounts Receivable	564.17	545.05	520.05	438.74	383.03
Other Receivables	68.42	61.96	52.24	58.29	16.73
Receivables	632.58	607.02	572.29	497.03	399.76
Restricted Cash	18.88	7.62	7.94	6.93	-
Other Current Assets	2.09	0.78	25.41	15.38	82.76
Total Current Assets	915.48	986.13	874.53	752.64	717.2
Property, Plant & Equipment	1,005	1,091	1,195	1,081	1,008
Long-Term Investments	0.83	0.76	1.47	0.54	-
Goodwill	591.92	591.94	607.22	607.08	513.33
Other Intangible Assets	538.64	566.66	584.57	596.9	545.92
Long-Term Accounts Receivable	32.78	23.57	1.49	73.33	79.21
Long-Term Deferred Tax Assets	24.14	22.76	23.71	21.62	18.49
Other Long-Term Assets	190.75	173.75	201.34	259.11	210.24
Total Assets	3,299	3,456	3,489	3,392	3,093
Accounts Payable	28.71	41.8	40.67	32.26	34.07
Accrued Expenses	152.42	145.06	150.4	126.2	111.05
Current Portion of Long-Term Debt	251.67	292.48	241.16	191.55	201.31
Current Portion of Leases	81.27	66.51	68.52	66.91	70.36
Current Income Taxes Payable	1.87	1.82	3.24	6.11	3.35
Other Current Liabilities	209.32	183.19	152.43	129.21	98.6
Total Current Liabilities	725.25	730.86	656.43	552.23	518.74
Long-Term Debt	464.77	671.85	613.39	574.19	234.31
Long-Term Leases	666.03	718	777.28	639.02	557.05
Other Long-Term Liabilities	100.16	126.91	232.34	389.11	319.42
Total Liabilities	1,956	2,248	2,279	2,155	1,630
Common Stock	991.64	991.64	991.64	987.55	991.64
Retained Earnings	357.89	224.17	225.34	253.38	475.53
Treasury Stock	-7.03	-13.35	-3.4	-3.4	-
Comprehensive Income & Other	0.35	5.99	-4.09	-	-4.09
Shareholders' Equity	1,343	1,208	1,209	1,238	1,463
Total Liabilities & Equity	3,299	3,456	3,489	3,392	3,093
Total Debt	1,464	1,749	1,700	1,472	1,063
Net Cash (Debt)	-1,202	-1,378	-1,431	-1,238	-828.34
Net Cash Per Share	-9.44	-10.81	-11.15	-9.64	-6.44
Filing Date Shares Outstanding	127.61	126.62	128.33	128.33	128.72
Total Common Shares Outstanding	127.61	126.62	128.33	128.33	128.72
Working Capital	190.23	255.27	218.1	200.41	198.46
Book Value Per Share	10.52	9.54	9.42	9.64	11.37
Tangible Book Value	212.3	49.87	17.7	33.56	403.83
Tangible Book Value Per Share	1.66	0.39	0.14	0.26	3.14
Land	25.26	-	-	25.26	-
Buildings	534.03	-	-	486.1	-
Machinery	512.83	-	-	437.55	-
Construction In Progress	3.87	-	-	1.27	-

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