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
Cash & Short-Term Investments	698.51	425.39	380.71	352.61	272.84
Cash Growth	64.21%	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	956.72	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	-	-	11.63	9.23	-
Other Long-Term Assets	248.07	218.06	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	97.15	44.47	62.81	110.06	152.87
Other Current Liabilities	30.55	35.23	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)	678.64	369.66	275.99	199.14	63.79
Net Cash Growth	83.58%	33.94%	38.59%	212.21%	-
Net Cash Per Share	7.37	4.28	3.19	2.31	0.94
Filing Date Shares Outstanding	101.98	86.38	86.38	86.38	67.86
Total Common Shares Outstanding	101.98	86.38	86.38	86.38	67.86
Working Capital	1,943	1,461	1,327	1,207	1,133
Book Value Per Share	17.18	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	16.92	16.93	16.24	17.71	20.63
Buildings	287.68	287.46	-	-	-
Machinery	2,954	2,913	2,829	2,726	2,697
Construction In Progress	28.62	39.3	86.24	138.56	52
Leasehold Improvements	-	-	287.38	286.35	346.24

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