Valid Soluções 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	607.37	699.2	569.47	422.03	365.16	390.04
Short-Term Investments	38.43	40.14	32.72	-	-	-
Cash & Short-Term Investments	645.8	739.33	602.2	422.03	365.16	390.04
Cash Growth	2.96%	22.77%	42.69%	15.57%	-6.38%	-19.83%
Accounts Receivable	401.68	452.26	471.85	386.93	347.12	428.87
Other Receivables	93.63	102.39	137.93	86.14	96.48	82.65
Receivables	495.31	554.65	609.78	473.07	443.59	511.52
Inventory	225.01	238.23	274.49	267.48	344.16	323.27
Other Current Assets	65.46	67.95	66.1	104.86	158.8	101.86
Total Current Assets	1,432	1,600	1,553	1,267	1,312	1,327
Property, Plant & Equipment	250.65	235.47	226.49	205.45	261.24	424.74
Long-Term Investments	134.45	144.15	114.88	32.42	68.92	70.94
Goodwill	-	587.38	561.72	476.7	452.59	582.66
Other Intangible Assets	801.78	205.85	144.53	179.65	213.66	312.19
Long-Term Accounts Receivable	-	-	-	-	3.82	5.6
Long-Term Deferred Tax Assets	89.59	103.44	75.12	93.64	103.86	115.53
Other Long-Term Assets	333.78	270.92	268.54	290.33	247.56	259.44
Total Assets	3,042	3,147	2,944	2,546	2,663	3,098
Accounts Payable	171.31	172.38	176.42	165.34	185.96	203.06
Accrued Expenses	158.08	178.85	181.67	152.43	138.74	118.98
Current Portion of Long-Term Debt	180.38	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	107.02	140.27	44.07	44.97	81.89	82.84
Total Current Liabilities	616.78	660.4	539.37	551.17	702.22	854.31
Long-Term Debt	560.57	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	29.43	28.2	13.43	9.94	9.59	38.34
Other Long-Term Liabilities	110.68	120.35	85.86	115.35	93.52	78.26
Total Liabilities	1,317	1,426	1,122	1,214	1,391	1,791
Common Stock	1,022	1,022	1,022	1,022	1,022	1,004
Retained Earnings	571.07	506.93	469.06	199.62	38.71	45.77
Treasury Stock	-83.77	-78.3	-49.38	-25.32	-25.67	-31.8
Comprehensive Income & Other	204.81	255.87	352.65	101.79	199.95	241.31
Total Common Equity	1,714	1,707	1,795	1,298	1,235	1,259
Minority Interest	9.89	14.03	27.39	32.81	37.31	47.72
Shareholders' Equity	1,724	1,721	1,822	1,331	1,273	1,307
Total Liabilities & Equity	3,042	3,147	2,944	2,546	2,663	3,098
Total Debt	740.95	784.59	599.22	709.95	867.16	1,267
Net Cash (Debt)	-83.61	-34.28	16.28	-287.93	-490.05	-876.58
Net Cash Per Share	-1.06	-0.44	0.20	-3.60	-6.16	-11.21
Filing Date Shares Outstanding	78.34	78.46	79.14	80.13	79.82	79.71
Total Common Shares Outstanding	78.34	78.46	79.14	80.13	79.82	79.71
Working Capital	814.8	939.76	1,013	716.27	609.5	472.38
Book Value Per Share	21.88	21.75	22.68	16.20	15.48	15.79
Tangible Book Value	912.7	913.64	1,088	642.12	569.12	363.96
Tangible Book Value Per Share	11.65	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.