BVMF:VAMO3 Balance Sheet

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

Millions BRL. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	54.51	325.42	152.94	97.77	84.5	153.16
Short-Term Investments	3,772	4,393	2,635	2,196	1,639	3,672
Cash & Short-Term Investments	3,826	4,718	2,788	2,294	1,723	3,825
Cash Growth	-16.77%	69.21%	21.54%	33.14%	-54.95%	390.81%
Accounts Receivable	1,041	667.58	540.23	982.81	1,155	526.49
Other Receivables	214.75	325.29	243.81	502.5	276.04	106.08
Receivables	1,256	992.87	784.03	1,485	1,431	632.56
Inventory	121.02	130.59	103.89	1,651	763.58	332.52
Prepaid Expenses	37.9	15.48	13.53	18.02	25.72	15.07
Other Current Assets	672.78	574.21	454.83	509.93	246.35	63.27
Total Current Assets	5,914	6,431	4,145	5,958	4,190	4,868
Property, Plant & Equipment	16,171	15,995	15,670	13,382	12,002	4,991
Long-Term Investments	14.78	10.08	-	10.95	19.16	7.11
Goodwill	-	123.88	123.88	197.33	173.2	137.33
Other Intangible Assets	176.41	53.08	55.91	308.98	75.25	65.53
Long-Term Accounts Receivable	128.4	23.21	32.46	55.51	35.87	25.18
Long-Term Deferred Tax Assets	72.22	68.13	60.79	177.6	38.78	19.05
Other Long-Term Assets	295.39	259.77	189.83	719.02	140.67	72.02
Total Assets	22,772	22,965	20,277	20,809	16,675	10,186

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	1,179	696.8	650.29	1,044	2,715	631.34
Accrued Expenses	104.68	100.07	59.32	112.14	122.2	48.53
Short-Term Debt	-	-	-	124.26	197.59	137.4
Current Portion of Long-Term Debt	1,862	1,670	942.38	854.73	545.38	206.59
Current Portion of Leases	17.43	20.68	14.92	26.89	14.56	10.27
Current Income Taxes Payable	0.46	-	-	3.9	5.43	10.08
Other Current Liabilities	722.61	1,065	1,062	1,247	725.62	145.51
Total Current Liabilities	3,887	3,553	2,729	3,413	4,326	1,190
Long-Term Debt	13,611	15,079	13,562	10,750	7,126	5,946
Long-Term Leases	65.58	70.87	74.15	154.43	76.54	60.64
Long-Term Deferred Tax Liabilities	1,065	973.95	862.04	397.08	327.08	263.39
Other Long-Term Liabilities	691.22	726.06	607.05	1,359	1,181	85.46
Total Liabilities	19,320	20,403	17,835	16,074	13,037	7,545

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	1,169	1,013	1,013	2,143	1,274	632.95
Additional Paid-In Capital	-	-	-	-	1,838	1,838
Retained Earnings	493.43	154.82	-23.88	865.14	628.18	243.16
Treasury Stock	-0.26	-174.92	-112.86	-11.89	-12	-11.51
Comprehensive Income & Other	1,790	1,569	1,566	1,739	-89.68	-62.41
Shareholders' Equity	3,452	2,562	2,442	4,735	3,639	2,640
Total Liabilities & Equity	22,772	22,965	20,277	20,809	16,675	10,186

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	15,557	16,840	14,594	11,911	7,960	6,361
Net Cash (Debt)	-11,730	-12,122	-11,805	-9,617	-6,237	-2,536
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-10.46	-11.47	-10.86	-9.10	-2.37	-2.79
Filing Date Shares Outstanding	1,222	1,066	1,069	1,096	1,017	968.99
Total Common Shares Outstanding	1,222	1,066	1,069	1,096	1,017	968.99
Working Capital	2,027	2,878	1,415	2,545	-135.7	3,679
Book Value Per Share	2.83	2.40	2.29	4.32	3.58	2.72
Tangible Book Value	3,276	2,385	2,263	4,229	3,390	2,437
Tangible Book Value Per Share	2.68	2.24	2.12	3.86	3.33	2.52
Land	-	-	-	51.98	40.43	40.43
Buildings	-	8.35	8.37	44.26	23.92	22.32
Machinery	-	18,425	17,537	14,188	12,619	5,371
Leasehold Improvements	-	58.75	56.79	68.19	54.14	34.01