BVMF:UCAS3 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	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	55.43	35.19	59.58	28.08	84.21
Cash Growth	57.52%	-40.94%	112.17%	-66.66%	76.97%
Accounts Receivable	26.1	26.85	20.16	30.14	32.22
Other Receivables	6.33	10.97	6.43	2.37	1.72
Receivables	33.85	38.74	28.15	33.37	34.45
Inventory	29.18	26	27.64	35.61	37.93
Prepaid Expenses	8.88	7.05	7.47	5.46	4.12
Other Current Assets	-	-	-	3.06	0.12
Total Current Assets	127.33	106.98	122.83	105.57	160.83
Property, Plant & Equipment	241.13	227.35	188.75	142.07	97.52
Long-Term Investments	12.71	0.02	10.22	3.62	7.54
Goodwill	-	2.31	2.37	-	1.03
Other Intangible Assets	2.85	2.78	2.07	1.78	1.68
Long-Term Accounts Receivable	14.24	12.86	13.61	13.75	13.04
Long-Term Deferred Tax Assets	6.71	7.84	3.46	3.18	0.99
Other Long-Term Assets	6.97	6.67	5.53	8.85	3.86
Total Assets	415.06	366.98	349.18	279.26	288.03
Accounts Payable	8.51	8.65	6.55	8.14	5.12
Accrued Expenses	9.46	10.33	8.93	9.22	4.74
Current Portion of Long-Term Debt	12.08	1.58	4.75	5.26	4.86
Current Portion of Leases	4.15	4.8	3.63	0.45	-
Current Income Taxes Payable	-	-	-	1.65	1.06
Current Unearned Revenue	50.82	38.26	46.85	40.35	73.82
Other Current Liabilities	2.17	11.19	12.57	13.02	12.66
Total Current Liabilities	87.18	74.81	83.28	78.09	102.26
Long-Term Debt	123.08	70.83	49.23	4.74	9.88
Long-Term Leases	17.66	23.76	21.57	1.35	-
Long-Term Deferred Tax Liabilities	-	0.78	-	-	-
Other Long-Term Liabilities	6.73	4.41	5.11	6.34	8.1
Total Liabilities	234.65	174.59	159.19	90.53	120.25
Common Stock	147	147	147	147	147
Retained Earnings	32.18	43.73	43.28	41.39	20.45
Comprehensive Income & Other	1.23	1.65	-0.29	0.34	0.33
Shareholders' Equity	180.41	192.38	190	188.73	167.78
Total Liabilities & Equity	415.06	366.98	349.18	279.26	288.03
Total Debt	156.96	100.97	79.17	11.81	14.75
Net Cash (Debt)	-101.54	-65.78	-19.59	16.27	69.46
Net Cash Growth	-	-	-	-76.58%	48.41%
Net Cash Per Share	-1.54	-1.00	-0.30	0.25	1.05
Filing Date Shares Outstanding	66.09	66.09	66.09	66.09	66.09
Total Common Shares Outstanding	66.09	66.09	66.09	66.09	66.09
Working Capital	40.16	32.17	39.55	27.48	58.57
Book Value Per Share	2.73	2.91	2.87	2.86	2.54
Tangible Book Value	177.57	187.3	185.56	186.95	165.08
Tangible Book Value Per Share	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

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.