Veste S.A. Estilo 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	40.5	35.29	31.21	48.84	34.16
Short-Term Investments	-	19.64	16.91	14.16	11.95
Cash & Short-Term Investments	40.5	54.93	48.12	62.99	46.11
Cash Growth	-26.27%	14.16%	-23.61%	36.61%	-31.64%
Accounts Receivable	230.27	173.54	113.72	111.4	156.9
Other Receivables	6.55	7.31	63.11	47.17	65.51
Receivables	236.81	180.85	176.83	158.57	222.41
Inventory	218.02	249.1	296.39	271.36	231.5
Prepaid Expenses	2.91	3.04	3.89	6.46	3.66
Other Current Assets	2.28	0.29	-	-	-
Total Current Assets	500.53	488.21	525.23	499.38	503.68
Property, Plant & Equipment	318.59	335.56	308.8	271.46	269.69
Goodwill	251.44	252.94	253.86	254.76	252.8
Other Intangible Assets	247.73	241.12	233.66	223.33	201.06
Long-Term Accounts Receivable	3.87	4.69	0.44	0.63	7.74
Long-Term Deferred Tax Assets	302.78	302.78	291.47	240.79	153.97
Long-Term Deferred Charges	20.6	21.62	22.46	12.31	12.17
Other Long-Term Assets	9.98	9.61	16.96	89.03	120.35
Total Assets	1,656	1,657	1,653	1,592	1,521
Accounts Payable	101.51	104.27	96.77	129.56	116.84
Accrued Expenses	53.15	43.8	49.39	61.67	58.35
Current Portion of Long-Term Debt	31.59	48.38	0.51	0.03	146.44
Current Portion of Leases	63.61	59.43	55.65	52.53	56.24
Current Income Taxes Payable	33.94	30.66	49.02	41.77	45.68
Other Current Liabilities	43.42	35.24	58.29	89.98	57.56
Total Current Liabilities	327.22	321.77	309.62	375.53	481.11
Long-Term Debt	122.59	113.39	145.52	128.22	1,438
Long-Term Leases	96.37	126.7	113.12	109.48	89.61
Other Long-Term Liabilities	43.87	51.39	51.93	43.22	39.97
Total Liabilities	590.04	613.25	620.18	656.45	2,049
Common Stock	935.14	934.81	924.76	824.76	624.76
Retained Earnings	78.64	60.02	59.52	42.15	-1,151
Comprehensive Income & Other	51.7	48.45	48.42	68.32	-1.15
Shareholders' Equity	1,065	1,043	1,033	935.23	-527.72
Total Liabilities & Equity	1,656	1,657	1,653	1,592	1,521
Total Debt	314.14	347.89	314.79	290.26	1,731
Net Cash (Debt)	-273.64	-292.96	-266.67	-227.27	-1,685
Net Cash Per Share	-2.39	-2.57	-2.37	-2.14	-195.75
Filing Date Shares Outstanding	114.33	114	113.43	113.43	8.61
Total Common Shares Outstanding	114.33	114	113.43	106.07	8.61
Working Capital	173.31	166.44	215.61	123.85	22.57
Book Value Per Share	9.32	9.15	9.10	8.82	-61.32
Tangible Book Value	566.32	549.22	545.18	457.14	-981.58
Tangible Book Value Per Share	4.95	4.82	4.81	4.31	-114.05
Land	2.3	2.3	2.3	4.27	4.27
Buildings	3.55	3.55	3.62	4.38	4.38
Machinery	225.88	216.25	229.22	202.02	196.34
Construction In Progress	-	-	0.17	0.17	0.17
Leasehold Improvements	321.43	300.27	319.67	285.39	287.2

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