BVMF:TELB4 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	698.51	425.39	380.71	352.61	272.84
Short-Term Investments	822.35	-	-	-	-
Cash & Short-Term Investments	1,521	425.39	380.71	352.61	272.84
Cash Growth	257.52%	11.73%	7.97%	29.24%	89.63%
Accounts Receivable	448.34	233.3	176.89	105.87	86.44
Other Receivables	206.46	179.99	179.55	171.03	147.6
Receivables	654.8	413.29	356.43	276.9	234.04
Other Current Assets	134.37	937.33	870.21	899.2	950.18
Total Current Assets	2,310	1,776	1,607	1,529	1,457
Property, Plant & Equipment	1,697	1,910	2,121	2,254	2,369
Long-Term Investments	130.28	166.81	150.77	147.67	154.61
Other Intangible Assets	26.58	19.4	23.17	25.08	30.95
Long-Term Deferred Tax Assets	-	8.28	11.63	9.23	-
Other Long-Term Assets	248.07	209.78	89.29	70.71	87.31
Total Assets	4,412	4,090	4,004	4,035	4,099
Accounts Payable	151.79	144.64	122.72	106.84	58.79
Accrued Expenses	82.55	38.66	18.35	19.86	24.03
Current Portion of Long-Term Debt	-	46.21	45.71	47.18	48.93
Current Portion of Leases	5.09	5.37	5.32	4.79	4.25
Current Unearned Revenue	44.41	44.41	62.81	110.06	152.87
Other Current Liabilities	83.29	35.29	25.75	32.89	34.84
Total Current Liabilities	367.14	314.58	280.66	321.62	323.71
Long-Term Debt	-	-	44.89	89.64	144.77
Long-Term Leases	14.79	4.14	8.8	11.87	11.11
Long-Term Unearned Revenue	241.35	273.61	310.09	346.57	383.05
Other Long-Term Liabilities	2,037	2,016	1,934	1,711	1,806
Total Liabilities	2,660	2,608	2,578	2,480	2,668
Common Stock	3,720	3,474	3,474	3,474	3,107
Retained Earnings	-1,999	-2,140	-2,073	-1,946	-1,710
Treasury Stock	-0.11	-0.11	-0.11	-0.11	-0.11
Comprehensive Income & Other	31.95	147.41	24.48	26.57	33.38
Shareholders' Equity	1,752	1,482	1,426	1,555	1,431
Total Liabilities & Equity	4,412	4,090	4,004	4,035	4,099
Total Debt	19.88	55.72	104.72	153.47	209.05
Net Cash (Debt)	1,501	369.66	275.99	199.14	63.79
Net Cash Growth	306.04%	33.94%	38.59%	212.21%	-
Net Cash Per Share	-	4.28	3.19	2.31	0.94
Filing Date Shares Outstanding	-	86.38	86.38	86.38	67.86
Total Common Shares Outstanding	-	86.38	86.38	86.38	67.86
Working Capital	1,943	1,461	1,327	1,207	1,133
Book Value Per Share	-	17.16	16.50	18.00	21.08
Tangible Book Value	1,726	1,463	1,402	1,530	1,400
Tangible Book Value Per Share	-	16.93	16.24	17.71	20.63
Machinery	-	2,913	2,829	2,726	2,697
Construction In Progress	-	39.3	86.24	138.56	52
Leasehold Improvements	-	287.46	287.38	286.35	346.24

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