Telefônica Brasil 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	9,063	7,032	6,691	4,358	2,274	6,448
Short-Term Investments	-	99.1	-	1.15	1.02	30.11
Cash & Short-Term Investments	9,063	7,131	6,691	4,359	2,275	6,479
Cash Growth	10.72%	6.58%	53.49%	91.64%	-64.89%	12.44%
Accounts Receivable	10,302	10,620	9,472	9,318	8,691	8,100
Other Receivables	-	3,044	3,159	2,690	3,194	4,099
Receivables	10,302	13,664	12,630	12,008	11,885	12,199
Inventory	1,756	1,476	1,097	822.81	789.72	639.83
Prepaid Expenses	-	2,415	1,869	1,434	1,142	1,006
Other Current Assets	7,512	534.57	526.66	620.19	1,193	736.5
Total Current Assets	28,633	25,220	22,814	19,245	17,284	21,060
Property, Plant & Equipment	46,380	47,357	46,812	46,318	45,898	44,408
Long-Term Investments	-	420.88	566.38	438.87	368.2	356.29
Goodwill	-	27,237	26,565	26,391	26,362	22,868
Other Intangible Assets	47,621	20,732	21,697	22,572	23,363	21,236
Long-Term Accounts Receivable	391	283.5	370.15	351.04	399.03	470.88
Long-Term Deferred Tax Assets	-	314.28	158.22	177.25	379.09	121.75
Other Long-Term Assets	7,460	6,507	5,958	5,245	5,068	5,142
Total Assets	130,485	128,072	124,941	120,738	119,121	115,664
Accounts Payable	10,232	9,861	9,231	8,170	7,416	7,132
Accrued Expenses	1,104	2,890	2,855	2,841	2,161	2,393
Current Portion of Long-Term Debt	378	518.73	1,928	605.52	2,603	4,004
Current Portion of Leases	4,815	4,883	4,521	3,877	3,503	2,907
Current Income Taxes Payable	1,820	130.87	9.9	3.52	3.06	3.07
Current Unearned Revenue	-	1,076	1,019	960.08	845.65	604.65
Other Current Liabilities	7,706	5,886	4,694	3,627	5,639	5,414
Total Current Liabilities	26,055	25,246	24,258	20,084	22,171	22,459
Long-Term Debt	4,461	4,492	3,583	4,630	4,830	1,773
Long-Term Leases	10,217	10,550	10,726	9,719	8,529	8,323
Long-Term Unearned Revenue	-	226.37	126.91	126.53	137.78	153.86
Pension & Post-Retirement Benefits	-	759.22	697.53	1,045	742.44	629.87
Long-Term Deferred Tax Liabilities	4,226	4,226	4,016	3,419	3,832	4,172
Other Long-Term Liabilities	15,749	13,569	11,734	12,086	10,424	8,146
Total Liabilities	60,708	59,069	55,141	51,111	50,666	45,657
Common Stock	69,777	60,071	62,071	63,571	63,571	63,571
Retained Earnings	-	8,735	7,523	5,886	4,631	5,533
Treasury Stock	-	-0.16	-0.19	-0.19	-607.44	-606.54
Comprehensive Income & Other	-	-84.86	135.14	110	809.04	1,429
Total Common Equity	69,777	68,722	69,730	69,567	68,404	69,927
Minority Interest	-	280.98	69.91	60.53	52.11	79
Shareholders' Equity	69,777	69,003	69,799	69,627	68,456	70,006
Total Liabilities & Equity	130,485	128,072	124,941	120,738	119,121	115,664
Total Debt	19,871	20,444	20,758	18,832	19,466	17,008
Net Cash (Debt)	-10,808	-13,312	-14,067	-14,473	-17,191	-10,529
Net Cash Per Share	-3.35	-4.13	-4.28	-4.36	-5.14	-3.13
Filing Date Shares Outstanding	3,196	3,196	3,253	3,305	3,327	3,354
Total Common Shares Outstanding	3,196	3,196	3,253	3,305	3,327	3,354
Working Capital	2,578	-25.85	-1,444	-839.22	-4,887	-1,399
Book Value Per Share	21.84	21.51	21.43	21.05	20.56	20.85
Tangible Book Value	22,156	20,753	21,468	20,604	18,678	25,823
Tangible Book Value Per Share	6.93	6.49	6.60	6.23	5.61	7.70
Land	-	238.08	239.27	249.54	252.09	266.95
Machinery	-	139,639	135,337	124,289	118,933	112,630
Construction In Progress	-	2,099	1,636	1,537	2,590	1,667

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