BVMF:TELB4 Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	738.26	698.51	425.39	380.71	352.61	272.84
Short-Term Investments	822.35	-	-	-	-	-
Cash & Short-Term Investments	1,561	698.51	425.39	380.71	352.61	272.84
Cash Growth	221.12%	64.21%	11.73%	7.97%	29.24%	89.63%
Accounts Receivable	512.4	448.34	233.3	176.89	105.87	86.44
Other Receivables	166.11	206.46	179.99	179.55	171.03	147.6
Receivables	678.51	654.8	413.29	356.43	276.9	234.04
Other Current Assets	167.89	956.72	937.33	870.21	899.2	950.18
Total Current Assets	2,407	2,310	1,776	1,607	1,529	1,457
Property, Plant & Equipment	1,644	1,697	1,910	2,121	2,254	2,369
Long-Term Investments	131.7	130.28	166.81	150.77	147.67	154.61
Other Intangible Assets	26.52	26.58	19.4	23.17	25.08	30.95
Long-Term Deferred Tax Assets	3.03	-	-	11.63	9.23	-
Other Long-Term Assets	178.5	248.07	218.06	89.29	70.71	87.31
Total Assets	4,391	4,412	4,090	4,004	4,035	4,099
Accounts Payable	167.39	151.79	144.64	122.72	106.84	58.79
Accrued Expenses	27.11	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	5.25	5.09	5.37	5.32	4.79	4.25
Current Unearned Revenue	111.97	97.15	44.47	62.81	110.06	152.87
Other Current Liabilities	65.57	30.55	35.23	25.75	32.89	34.84
Total Current Liabilities	377.29	367.14	314.58	280.66	321.62	323.71
Long-Term Debt	-	-	-	44.89	89.64	144.77
Long-Term Leases	14.73	14.79	4.14	8.8	11.87	11.11
Long-Term Unearned Revenue	232.23	241.35	273.61	310.09	346.57	383.05
Other Long-Term Liabilities	2,104	2,037	2,016	1,934	1,711	1,806
Total Liabilities	2,728	2,660	2,608	2,578	2,480	2,668
Common Stock	3,720	3,720	3,474	3,474	3,474	3,107
Retained Earnings	-2,089	-1,999	-2,140	-2,073	-1,946	-1,710
Treasury Stock	-0.11	-0.11	-0.11	-0.11	-0.11	-0.11
Comprehensive Income & Other	32	31.95	147.41	24.48	26.57	33.38
Shareholders' Equity	1,663	1,752	1,482	1,426	1,555	1,431
Total Liabilities & Equity	4,391	4,412	4,090	4,004	4,035	4,099
Total Debt	19.98	19.88	55.72	104.72	153.47	209.05
Net Cash (Debt)	1,541	678.64	369.66	275.99	199.14	63.79
Net Cash Growth	224.67%	83.58%	33.94%	38.59%	212.21%	-
Net Cash Per Share	16.05	7.37	4.28	3.19	2.31	0.94
Filing Date Shares Outstanding	101.99	101.98	86.38	86.38	86.38	67.86
Total Common Shares Outstanding	101.99	101.98	86.38	86.38	86.38	67.86
Working Capital	2,030	1,943	1,461	1,327	1,207	1,133
Book Value Per Share	16.30	17.18	17.16	16.50	18.00	21.08
Tangible Book Value	1,636	1,726	1,463	1,402	1,530	1,400
Tangible Book Value Per Share	16.04	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.