BVMF:TELB3 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	569.18	425.39	380.71	352.61	272.84	143.88
Cash & Short-Term Investments	569.18	425.39	380.71	352.61	272.84	143.88
Cash Growth	10.78%	11.73%	7.97%	29.24%	89.63%	-83.12%
Accounts Receivable	449.76	233.3	176.89	105.87	86.44	94.67
Other Receivables	191.9	179.99	179.55	171.03	147.6	139.54
Receivables	641.66	413.29	356.43	276.9	234.04	234.22
Other Current Assets	957.93	937.33	870.21	899.2	950.18	938.43
Total Current Assets	2,169	1,776	1,607	1,529	1,457	1,317
Property, Plant & Equipment	1,734	1,910	2,121	2,254	2,369	2,592
Long-Term Investments	126.72	166.81	150.77	147.67	154.61	154.69
Other Intangible Assets	24.86	19.4	23.17	25.08	30.95	26.86
Long-Term Deferred Tax Assets	4.85	8.28	11.63	9.23	-	3.91
Other Long-Term Assets	172.31	209.78	89.29	70.71	87.31	149.72
Total Assets	4,232	4,090	4,004	4,035	4,099	4,244
Accounts Payable	284.39	144.64	122.72	106.84	58.79	81.91
Accrued Expenses	30.78	38.66	18.35	19.86	24.03	33.61
Current Portion of Long-Term Debt	-	46.21	45.71	47.18	48.93	51.51
Current Portion of Leases	3.22	5.37	5.32	4.79	4.25	4.7
Current Unearned Revenue	44.41	44.41	62.81	110.06	152.87	96.6
Other Current Liabilities	27.88	35.29	25.75	32.89	34.84	32.64
Total Current Liabilities	390.67	314.58	280.66	321.62	323.71	300.96
Long-Term Debt	-	-	44.89	89.64	144.77	199.26
Long-Term Leases	3.73	4.14	8.8	11.87	11.11	15.03
Long-Term Unearned Revenue	246.24	273.61	310.09	346.57	383.05	419.53
Other Long-Term Liabilities	2,063	2,016	1,934	1,711	1,806	1,756
Total Liabilities	2,704	2,608	2,578	2,480	2,668	2,691
Common Stock	3,720	3,474	3,474	3,474	3,107	3,107
Retained Earnings	-2,223	-2,140	-2,073	-1,946	-1,710	-1,583
Treasury Stock	-0.11	-0.11	-0.11	-0.11	-0.11	-0.11
Comprehensive Income & Other	31.26	147.41	24.48	26.57	33.38	29.04
Shareholders' Equity	1,528	1,482	1,426	1,555	1,431	1,553
Total Liabilities & Equity	4,232	4,090	4,004	4,035	4,099	4,244
Total Debt	6.95	55.72	104.72	153.47	209.05	270.49
Net Cash (Debt)	562.23	369.66	275.99	199.14	63.79	-126.6
Net Cash Growth	26.05%	33.94%	38.59%	212.21%	-	-
Net Cash Per Share	6.34	4.28	3.19	2.31	0.94	-1.87
Filing Date Shares Outstanding	101.98	86.38	86.38	86.38	67.86	67.86
Total Common Shares Outstanding	101.98	86.38	86.38	86.38	67.86	67.86
Working Capital	1,778	1,461	1,327	1,207	1,133	1,016
Book Value Per Share	14.98	17.16	16.50	18.00	21.08	22.89
Tangible Book Value	1,503	1,463	1,402	1,530	1,400	1,526
Tangible Book Value Per Share	14.74	16.93	16.24	17.71	20.63	22.49
Machinery	2,947	2,913	2,829	2,726	2,697	2,670
Construction In Progress	27.71	39.3	86.24	138.56	52	113.41
Leasehold Improvements	-	287.46	287.38	286.35	346.24	328.52

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.