TOTVS 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	2,006	1,942	3,129	2,736	2,871	1,028
Short-Term Investments	-	-	-	-	9.54	9.67
Cash & Short-Term Investments	2,006	1,942	3,129	2,736	2,881	1,037
Cash Growth	-6.92%	-37.93%	14.38%	-5.03%	177.68%	-32.55%
Accounts Receivable	668.61	563.33	538.53	475.65	1,984	1,497
Other Receivables	77.11	15.54	22.18	87.93	14.46	1.29
Receivables	745.72	578.87	560.71	563.58	1,998	1,499
Other Current Assets	393.79	242.53	216.43	2,931	607.45	296.05
Total Current Assets	3,145	2,764	3,906	6,230	5,486	2,832
Property, Plant & Equipment	474.52	399.22	413.49	416.88	404.87	364.45
Long-Term Investments	527.51	501.63	450.85	111.23	102.7	96.25
Goodwill	3,549	3,382	2,952	2,837	2,832	1,102
Other Intangible Assets	731.17	761.47	644.37	626.38	714.85	461.06
Long-Term Accounts Receivable	17.9	13.8	16.5	38.42	64.94	64.01
Long-Term Deferred Tax Assets	243.44	253.51	147.43	119.05	144.62	100.54
Long-Term Deferred Charges	146.19	117.96	74.46	42.72	39.68	22.89
Other Long-Term Assets	384.46	338.79	223.08	194.69	155.42	103.02
Total Assets	9,220	8,532	8,829	10,616	9,945	5,146
Accounts Payable	209.38	211.97	155.27	128.65	112.58	99.31
Accrued Expenses	688.74	617.66	534.11	465.75	414.58	320.6
Current Portion of Long-Term Debt	40.69	62.85	87.29	58.87	489.73	101.53
Current Portion of Leases	70.65	58.13	58.62	57.29	52.57	45.28
Current Income Taxes Payable	13.35	12.75	11.89	12.5	31.13	19.36
Other Current Liabilities	316.86	180.83	501.56	2,613	2,219	1,454
Total Current Liabilities	1,340	1,144	1,349	3,336	3,320	2,040
Long-Term Debt	1,476	1,472	1,491	1,489	1,123	-
Long-Term Leases	92.38	68.29	106.66	154.67	179.31	178.24
Long-Term Deferred Tax Liabilities	27.09	13.74	8.65	-	-	-
Other Long-Term Liabilities	877.62	846.09	860.66	1,052	837.02	323.97
Total Liabilities	3,813	3,545	3,816	6,031	5,459	2,542
Common Stock	2,963	2,963	2,963	2,963	2,963	1,383
Retained Earnings	2,084	1,715	1,263	793.57	483.21	432.83
Treasury Stock	-305.09	-350.16	-283.45	-217.67	-133.2	-148.54
Comprehensive Income & Other	336.07	353.49	778.72	770.13	920.33	937.37
Total Common Equity	5,077	4,681	4,721	4,309	4,233	2,604
Minority Interest	329.73	305.77	292.1	276.23	253.08	-
Shareholders' Equity	5,407	4,987	5,013	4,585	4,486	2,604
Total Liabilities & Equity	9,220	8,532	8,829	10,616	9,945	5,146
Total Debt	1,680	1,662	1,744	1,760	1,845	325.05
Net Cash (Debt)	325.99	280.61	1,385	976.22	1,036	712.35
Net Cash Growth	-38.37%	-79.74%	41.88%	-5.76%	45.41%	-34.49%
Net Cash Per Share	0.55	0.46	2.26	1.59	1.76	1.24
Filing Date Shares Outstanding	587.63	585.89	603.81	605.75	608.08	567.76
Total Common Shares Outstanding	587.63	585.89	603.81	605.75	608.08	567.76
Working Capital	1,806	1,619	2,558	2,894	2,167	791.94
Book Value Per Share	8.64	7.99	7.82	7.11	6.96	4.59
Tangible Book Value	796.77	538.09	1,124	845.58	686.37	1,041
Tangible Book Value Per Share	1.36	0.92	1.86	1.40	1.13	1.83
Machinery	700.35	608.55	506.13	406.32	334.08	266.26
Leasehold Improvements	145.84	137.76	134.2	131.38	124.52	105.79

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