Valid Soluções 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	699.2	569.47	422.03	365.16	390.04
Short-Term Investments	40.14	32.72	-	-	-
Cash & Short-Term Investments	739.33	602.2	422.03	365.16	390.04
Cash Growth	22.77%	42.69%	15.57%	-6.38%	-19.83%
Accounts Receivable	452.26	471.85	386.93	347.12	428.87
Other Receivables	102.39	137.93	86.14	96.48	82.65
Receivables	554.65	609.78	473.07	443.59	511.52
Inventory	238.23	274.49	267.48	344.16	323.27
Other Current Assets	67.95	66.1	104.86	158.8	101.86
Total Current Assets	1,600	1,553	1,267	1,312	1,327
Property, Plant & Equipment	235.47	226.49	205.45	261.24	424.74
Long-Term Investments	144.15	114.88	32.42	68.92	70.94
Goodwill	587.38	561.72	476.7	452.59	582.66
Other Intangible Assets	205.85	144.53	179.65	213.66	312.19
Long-Term Accounts Receivable	-	-	-	3.82	5.6
Long-Term Deferred Tax Assets	103.44	75.12	93.64	103.86	115.53
Other Long-Term Assets	270.92	268.54	290.33	247.56	259.44
Total Assets	3,147	2,944	2,546	2,663	3,098
Accounts Payable	172.38	176.42	165.34	185.96	203.06
Accrued Expenses	178.85	181.67	152.43	138.74	118.98
Current Portion of Long-Term Debt	157.75	106.2	163.77	272.05	423.53
Current Portion of Leases	9.32	9.93	8.29	9.75	22.74
Current Income Taxes Payable	1.82	21.08	16.38	13.82	3.16
Other Current Liabilities	140.27	44.07	44.97	81.89	82.84
Total Current Liabilities	660.4	539.37	551.17	702.22	854.31
Long-Term Debt	601.26	473.71	529.61	568.07	726.68
Long-Term Leases	16.27	9.38	8.29	17.28	93.68
Long-Term Deferred Tax Liabilities	28.2	13.43	9.94	9.59	38.34
Other Long-Term Liabilities	120.35	85.86	115.35	93.52	78.26
Total Liabilities	1,426	1,122	1,214	1,391	1,791
Common Stock	1,022	1,022	1,022	1,022	1,004
Retained Earnings	506.93	469.06	199.62	38.71	45.77
Treasury Stock	-78.3	-49.38	-25.32	-25.67	-31.8
Comprehensive Income & Other	255.87	352.65	101.79	199.95	241.31
Total Common Equity	1,707	1,795	1,298	1,235	1,259
Minority Interest	14.03	27.39	32.81	37.31	47.72
Shareholders' Equity	1,721	1,822	1,331	1,273	1,307
Total Liabilities & Equity	3,147	2,944	2,546	2,663	3,098
Total Debt	784.59	599.22	709.95	867.16	1,267
Net Cash (Debt)	-34.28	16.28	-287.93	-490.05	-876.58
Net Cash Per Share	-0.44	0.20	-3.60	-6.16	-11.21
Filing Date Shares Outstanding	78.46	79.14	80.13	79.82	79.71
Total Common Shares Outstanding	78.46	79.14	80.13	79.82	79.71
Working Capital	939.76	1,013	716.27	609.5	472.38
Book Value Per Share	21.75	22.68	16.20	15.48	15.79
Tangible Book Value	913.64	1,088	642.12	569.12	363.96
Tangible Book Value Per Share	11.64	13.75	8.01	7.13	4.57
Land	3.22	3.22	3.22	3.22	3.68
Buildings	83.44	82.34	89.39	97.24	103.95
Machinery	631.85	608.87	512.24	646.79	806.34
Construction In Progress	2.29	0.65	3.31	3.5	6.14
Leasehold Improvements	48.47	48.75	34.16	36.48	119.56

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