Vulcabras S.A. (BVMF:VULC3)

Vulcabras Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	211.76	307.66	361.02	197.2	114.64	158.55
Short-Term Investments	-	-	0	0	-	80.95
Cash & Short-Term Investments	211.76	307.66	361.02	197.2	114.64	239.5
Cash Growth	-50.32%	-14.78%	83.07%	72.02%	-52.14%	285.27%
Accounts Receivable	959.88	988.31	830.67	769.46	616.28	587.58
Other Receivables	247.49	152.24	158.61	44.76	67.82	21.77
Receivables	1,207	1,141	989.28	814.22	684.09	609.35
Inventory	834.92	648.39	583.53	567.83	493.5	256.92
Other Current Assets	30.39	31.16	26.79	13.86	7.07	5.11
Total Current Assets	2,284	2,128	1,961	1,593	1,299	1,111
Property, Plant & Equipment	604.59	542.47	435.55	397.15	319.78	256.46
Long-Term Investments	69	70.89	76.33	84.6	70.3	69.59
Goodwill	199.68	199.68	199.68	199.68	199.68	199.89
Other Intangible Assets	16.22	13.05	8.44	9.42	9.41	9.03
Long-Term Accounts Receivable	4.51	3.75	3.87	5.15	3.63	2.7
Long-Term Deferred Tax Assets	7.12	7.26	1.29	13.59	0.49	1.36
Other Long-Term Assets	162.83	28.44	89.37	218.06	92.65	29.34
Total Assets	3,348	2,993	2,775	2,521	1,995	1,679
Accounts Payable	137.03	94.95	83.78	104.93	78.01	88.75
Accrued Expenses	143.6	105.98	84.31	75.68	59.92	46.23
Current Portion of Long-Term Debt	256.4	200.21	234.5	283.64	291.5	127.89
Current Portion of Leases	10.22	7.86	8.43	8.51	7.13	8.34
Current Income Taxes Payable	48.41	55.36	39.33	19.67	8.94	11.94
Other Current Liabilities	213.69	204.53	61.33	77.55	46.83	22.02
Total Current Liabilities	809.35	668.88	511.68	569.97	494.9	305.18
Long-Term Debt	98.17	136.64	203.25	151.86	87.79	201.37
Long-Term Leases	31.75	22.43	6.86	12.06	12.65	10.19
Long-Term Deferred Tax Liabilities	1.95	1.99	2.07	17.08	2.27	2.41
Other Long-Term Liabilities	50.79	53.02	55.99	57.96	41.06	34.73
Total Liabilities	992.03	882.97	779.86	808.92	638.68	553.86
Common Stock	1,278	1,274	1,108	1,107	1,107	1,107
Additional Paid-In Capital	-	325	-	-	-	-
Retained Earnings	769.65	513.63	862.75	576.09	217.62	-10.46
Treasury Stock	-	-45.41	-10.02	-6.12	-	-
Comprehensive Income & Other	308.44	43.2	33.9	34.8	31.89	28.82
Total Common Equity	2,356	2,110	1,995	1,711	1,356	1,125
Minority Interest	0.31	0.36	0.31	0.35	0.34	0.32
Shareholders' Equity	2,356	2,110	1,995	1,712	1,357	1,125
Total Liabilities & Equity	3,348	2,993	2,775	2,521	1,995	1,679
Total Debt	396.55	367.14	453.05	456.06	399.07	347.79
Net Cash (Debt)	-184.79	-59.48	-92.02	-258.86	-284.44	-108.29
Net Cash Per Share	-0.68	-0.22	-0.37	-1.05	-1.14	-0.44
Filing Date Shares Outstanding	271.67	271.55	245.24	245.26	245.76	245.76
Total Common Shares Outstanding	271.67	271.55	245.24	245.26	245.76	245.76
Working Capital	1,475	1,459	1,449	1,023	804.39	805.71
Book Value Per Share	8.67	7.77	8.13	6.98	5.52	4.58
Tangible Book Value	2,140	1,897	1,787	1,502	1,147	916.16
Tangible Book Value Per Share	7.88	6.99	7.29	6.13	4.67	3.73
Land	3.73	3.73	3.73	3.73	3.33	3.49
Buildings	189.05	190.33	165.4	156.35	131.11	130.38
Machinery	1,055	974.59	870.75	810.58	749.82	688.23
Construction In Progress	22.14	20.59	19.06	3.18	7.72	3.54
Leasehold Improvements	5.29	5.29	6.66	6.28	6.26	1.61

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.