BVMF:WEST3 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	121.35	126.94	139.35	155.21	263.77
Short-Term Investments	-	-	-	-	2.66
Cash & Short-Term Investments	121.35	126.94	139.35	155.21	266.42
Cash Growth	-4.40%	-8.91%	-10.22%	-41.74%	727.43%
Accounts Receivable	26.82	32.92	44.33	60.18	31.84
Other Receivables	12.95	9.48	3.1	5.96	1.51
Receivables	39.76	42.39	47.42	66.14	33.35
Inventory	21.94	16.96	22.88	38.88	49.69
Other Current Assets	1.32	1.5	1.37	5.17	5.11
Total Current Assets	184.37	187.78	211.02	265.4	354.57
Property, Plant & Equipment	18.57	20.65	32.92	57.01	59.12
Other Intangible Assets	12.04	13.65	15.57	15.31	8.86
Long-Term Deferred Tax Assets	55.95	55.53	54.89	53.87	42.83
Other Long-Term Assets	36.11	37.42	36.81	30.45	27.47
Total Assets	307.04	315.03	351.21	422.04	492.84
Accounts Payable	41.52	38.31	39.35	49.61	63.29
Accrued Expenses	5.55	6.58	9.4	12.15	13.84
Short-Term Debt	-	-	-	0.01	0.01
Current Portion of Long-Term Debt	-	-	-	-	3
Current Portion of Leases	4.17	8.44	9.2	8.2	6.78
Current Income Taxes Payable	1.83	1.53	3.66	0.07	0.07
Current Unearned Revenue	14.76	13.26	12.25	9.2	6.55
Other Current Liabilities	0.07	0.07	-	-	-
Total Current Liabilities	67.89	68.17	73.86	79.23	93.54
Long-Term Leases	6.49	2.01	6.57	22.32	25.51
Other Long-Term Liabilities	12.32	14.64	15.38	11.88	11.98
Total Liabilities	86.7	84.83	95.81	113.43	131.03
Common Stock	471.38	471.38	471.17	470.99	470.89
Additional Paid-In Capital	5.18	5.18	5.18	5.18	5.18
Retained Earnings	-240.8	-230.89	-205.33	-151.59	-97.32
Comprehensive Income & Other	-15.42	-15.47	-15.62	-15.97	-16.94
Shareholders' Equity	220.34	230.2	255.4	308.61	361.81
Total Liabilities & Equity	307.04	315.03	351.21	422.04	492.84
Total Debt	10.66	10.45	15.77	30.53	35.3
Net Cash (Debt)	110.69	116.49	123.58	124.69	231.12
Net Cash Growth	-4.98%	-5.74%	-0.89%	-46.05%	1114.39%
Net Cash Per Share	9.96	10.49	11.17	11.30	20.99
Filing Date Shares Outstanding	11.11	11.11	11.07	11.03	11.01
Total Common Shares Outstanding	11.11	11.11	11.07	11.03	11.01
Working Capital	116.49	119.61	137.16	186.17	261.03
Book Value Per Share	19.83	20.72	23.08	27.97	32.85
Tangible Book Value	208.3	216.55	239.84	293.31	352.95
Tangible Book Value Per Share	18.75	19.49	21.67	26.58	32.05
Machinery	42.68	43.74	44.96	46.43	20.07

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