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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	567.23	307.66	361.02	197.2	114.64	158.55
Short-Term Investments	-	-	0	0	-	80.95
Cash & Short-Term Investments	567.23	307.66	361.02	197.2	114.64	239.5
Cash Growth	24.92%	-14.78%	83.07%	72.02%	-52.14%	285.27%
Accounts Receivable	1,015	988.31	830.67	769.46	616.28	587.58
Other Receivables	245.72	152.24	158.61	44.76	67.82	21.77
Receivables	1,261	1,141	989.28	814.22	684.09	609.35
Inventory	893.54	648.39	583.53	567.83	493.5	256.92
Other Current Assets	36.65	31.16	26.79	13.86	7.07	5.11
Total Current Assets	2,758	2,128	1,961	1,593	1,299	1,111
Property, Plant & Equipment	633.45	542.47	435.55	397.15	319.78	256.46
Long-Term Investments	69.15	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	16.76	13.05	8.44	9.42	9.41	9.03
Long-Term Accounts Receivable	3.42	3.75	3.87	5.15	3.63	2.7
Long-Term Deferred Tax Assets	373.23	7.26	1.29	13.59	0.49	1.36
Other Long-Term Assets	164.87	28.44	89.37	218.06	92.65	29.34
Total Assets	4,219	2,993	2,775	2,521	1,995	1,679
Accounts Payable	151.75	94.95	83.78	104.93	78.01	88.75
Accrued Expenses	172.33	105.98	84.31	75.68	59.92	46.23
Current Portion of Long-Term Debt	413.64	200.21	234.5	283.64	291.5	127.89
Current Portion of Leases	9.67	7.86	8.43	8.51	7.13	8.34
Current Income Taxes Payable	68.66	55.36	39.33	19.67	8.94	11.94
Other Current Liabilities	224.31	204.53	61.33	77.55	46.83	22.02
Total Current Liabilities	1,040	668.88	511.68	569.97	494.9	305.18
Long-Term Debt	592.72	136.64	203.25	151.86	87.79	201.37
Long-Term Leases	30.11	22.43	6.86	12.06	12.65	10.19
Long-Term Deferred Tax Liabilities	1.93	1.99	2.07	17.08	2.27	2.41
Other Long-Term Liabilities	50.13	53.02	55.99	57.96	41.06	34.73
Total Liabilities	1,715	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	325	-	-	-	-
Retained Earnings	914.98	513.63	862.75	576.09	217.62	-10.46
Treasury Stock	-56.95	-45.41	-10.02	-6.12	-	-
Comprehensive Income & Other	42.08	43.2	33.9	34.8	31.89	28.82
Total Common Equity	2,503	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	2,503	2,110	1,995	1,712	1,357	1,125
Total Liabilities & Equity	4,219	2,993	2,775	2,521	1,995	1,679
Total Debt	1,046	367.14	453.05	456.06	399.07	347.79
Net Cash (Debt)	-478.9	-59.48	-92.02	-258.86	-284.44	-108.29
Net Cash Per Share	-1.76	-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	1,718	1,459	1,449	1,023	804.39	805.71
Book Value Per Share	9.21	7.77	8.13	6.98	5.52	4.58
Tangible Book Value	2,287	1,897	1,787	1,502	1,147	916.16
Tangible Book Value Per Share	8.42	6.99	7.29	6.13	4.67	3.73
Land	-	3.73	3.73	3.73	3.33	3.49
Buildings	-	190.33	165.4	156.35	131.11	130.38
Machinery	-	974.59	870.75	810.58	749.82	688.23
Construction In Progress	-	20.59	19.06	3.18	7.72	3.54
Leasehold Improvements	-	5.29	6.66	6.28	6.26	1.61

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