BVMF:UCAS3 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	27.13	38.94	10.34	26.1	23.53	60.25
Short-Term Investments	-	16.48	24.85	33.48	4.55	23.96
Cash & Short-Term Investments	27.13	55.43	35.19	59.58	28.08	84.21
Cash Growth	-48.41%	57.52%	-40.94%	112.17%	-66.66%	76.97%
Accounts Receivable	23.99	26.1	26.85	20.16	30.14	32.22
Other Receivables	4.82	6.33	10.97	6.43	2.37	1.72
Receivables	30.22	33.85	38.74	28.15	33.37	34.45
Inventory	30.29	29.18	26	27.64	35.61	37.93
Prepaid Expenses	8.45	8.88	7.05	7.47	5.46	4.12
Other Current Assets	14.36	-	-	-	3.06	0.12
Total Current Assets	110.44	127.33	106.98	122.83	105.57	160.83
Property, Plant & Equipment	242.1	241.13	227.35	188.75	142.07	97.52
Long-Term Investments	23.49	12.71	0.02	10.22	3.62	7.54
Goodwill	-	-	2.31	2.37	-	1.03
Other Intangible Assets	2.72	2.85	2.78	2.07	1.78	1.68
Long-Term Accounts Receivable	13.09	14.24	12.86	13.61	13.75	13.04
Long-Term Deferred Tax Assets	9.56	6.71	7.84	3.46	3.18	0.99
Other Long-Term Assets	6.59	6.97	6.67	5.53	8.85	3.86
Total Assets	410.78	415.06	366.98	349.18	279.26	288.03
Accounts Payable	8.43	8.51	8.65	6.55	8.14	5.12
Accrued Expenses	8.21	9.46	10.33	8.93	9.22	4.74
Current Portion of Long-Term Debt	13.84	12.08	1.58	4.75	5.26	4.86
Current Portion of Leases	3.56	4.15	4.8	3.63	0.45	-
Current Income Taxes Payable	1.57	-	-	-	1.65	1.06
Current Unearned Revenue	57.7	50.82	38.26	46.85	40.35	73.82
Other Current Liabilities	2.82	2.17	11.19	12.57	13.02	12.66
Total Current Liabilities	96.12	87.18	74.81	83.28	78.09	102.26
Long-Term Debt	119.34	123.08	70.83	49.23	4.74	9.88
Long-Term Leases	15.55	17.66	23.76	21.57	1.35	-
Long-Term Deferred Tax Liabilities	-	-	0.78	-	-	-
Other Long-Term Liabilities	6.73	6.73	4.41	5.11	6.34	8.1
Total Liabilities	237.74	234.65	174.59	159.19	90.53	120.25
Common Stock	147	147	147	147	147	147
Retained Earnings	25.06	32.18	43.73	43.28	41.39	20.45
Comprehensive Income & Other	0.98	1.23	1.65	-0.29	0.34	0.33
Shareholders' Equity	173.04	180.41	192.38	190	188.73	167.78
Total Liabilities & Equity	410.78	415.06	366.98	349.18	279.26	288.03
Total Debt	152.29	156.96	100.97	79.17	11.81	14.75
Net Cash (Debt)	-125.16	-101.54	-65.78	-19.59	16.27	69.46
Net Cash Growth	-	-	-	-	-76.58%	48.41%
Net Cash Per Share	-1.89	-1.54	-1.00	-0.30	0.25	1.05
Filing Date Shares Outstanding	66.09	66.09	66.09	66.09	66.09	66.09
Total Common Shares Outstanding	66.09	66.09	66.09	66.09	66.09	66.09
Working Capital	14.32	40.16	32.17	39.55	27.48	58.57
Book Value Per Share	2.62	2.73	2.91	2.87	2.86	2.54
Tangible Book Value	170.32	177.57	187.3	185.56	186.95	165.08
Tangible Book Value Per Share	2.58	2.69	2.83	2.81	2.83	2.50
Land	-	18.38	18.38	1.38	1.38	1.38
Buildings	-	22.6	22.52	21.58	21.15	21.22
Machinery	-	231.54	176.22	144.09	113.23	112.29
Construction In Progress	-	22.38	49.73	65.37	74.66	28.91

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