BVMF:WEST3 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	109.63	121.35	126.94	139.35	155.21	263.77
Short-Term Investments	-	-	-	-	-	2.66
Cash & Short-Term Investments	109.63	121.35	126.94	139.35	155.21	266.42
Cash Growth	-0.79%	-4.40%	-8.91%	-10.22%	-41.74%	727.43%
Accounts Receivable	23.96	26.82	32.92	44.33	60.18	31.84
Other Receivables	16.27	12.95	9.48	3.1	5.96	1.51
Receivables	40.23	39.76	42.39	47.42	66.14	33.35
Inventory	18.12	21.94	16.96	22.88	38.88	49.69
Other Current Assets	3.19	1.32	1.5	1.37	5.17	5.11
Total Current Assets	171.17	184.37	187.78	211.02	265.4	354.57
Property, Plant & Equipment	16.46	18.57	20.65	32.92	57.01	59.12
Other Intangible Assets	11.42	12.04	13.65	15.57	15.31	8.86
Long-Term Deferred Tax Assets	56.76	55.95	55.53	54.89	53.87	42.83
Other Long-Term Assets	38.24	36.11	37.42	36.81	30.45	27.47
Total Assets	294.04	307.04	315.03	351.21	422.04	492.84
Accounts Payable	33.34	41.52	38.31	39.35	49.61	63.29
Accrued Expenses	7.57	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	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	11.89	14.76	13.26	12.25	9.2	6.55
Other Current Liabilities	0.17	0.07	0.07	-	-	-
Total Current Liabilities	57.15	67.89	68.17	73.86	79.23	93.54
Long-Term Leases	5.43	6.49	2.01	6.57	22.32	25.51
Other Long-Term Liabilities	11.96	12.32	14.64	15.38	11.88	11.98
Total Liabilities	74.54	86.7	84.83	95.81	113.43	131.03
Common Stock	471.38	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	-241.65	-240.8	-230.89	-205.33	-151.59	-97.32
Comprehensive Income & Other	-10.23	-15.42	-15.47	-15.62	-15.97	-16.94
Shareholders' Equity	219.5	220.34	230.2	255.4	308.61	361.81
Total Liabilities & Equity	294.04	307.04	315.03	351.21	422.04	492.84
Total Debt	9.61	10.66	10.45	15.77	30.53	35.3
Net Cash (Debt)	100.02	110.69	116.49	123.58	124.69	231.12
Net Cash Growth	-0.28%	-4.98%	-5.74%	-0.89%	-46.05%	1114.39%
Net Cash Per Share	9.00	9.96	10.49	11.17	11.30	20.99
Filing Date Shares Outstanding	11.11	11.11	11.11	11.07	11.03	11.01
Total Common Shares Outstanding	11.11	11.11	11.11	11.07	11.03	11.01
Working Capital	114.02	116.49	119.61	137.16	186.17	261.03
Book Value Per Share	19.76	19.83	20.72	23.08	27.97	32.85
Tangible Book Value	208.08	208.3	216.55	239.84	293.31	352.95
Tangible Book Value Per Share	18.73	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.