FRA:CQWA Balance Sheet

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	16,526	23,310	16,046	11,991	16,646	9,945
Short-Term Investments	344.54	860.59	1,493	1,185	2,383	3,305
Trading Asset Securities	3.24	2.95	7.2	9.6	12.03	5.07
Cash & Short-Term Investments	16,874	24,174	17,547	13,186	19,042	13,255
Cash Growth	-13.21%	37.77%	33.07%	-30.75%	43.66%	313.23%
Accounts Receivable	2,706	2,901	3,270	3,233	2,598	2,867
Other Receivables	1,859	1,663	1,999	2,004	1,778	1,678
Receivables	4,571	4,570	5,274	5,243	4,380	4,545
Inventory	10,265	10,440	9,558	11,289	10,944	4,818
Prepaid Expenses	369.67	-	-	311.09	225.04	211.03
Other Current Assets	757.27	602.69	699.53	583.21	381.97	557.59
Total Current Assets	32,837	39,786	33,078	30,612	34,972	23,386
Property, Plant & Equipment	32,611	30,426	27,927	26,370	21,531	19,716
Long-Term Investments	6,964	5,888	5,349	5,201	3,982	3,819
Goodwill	4,733	4,126	4,126	4,131	3,729	3,606
Other Intangible Assets	6,261	6,312	6,410	6,657	3,928	3,711
Long-Term Deferred Tax Assets	6,647	7,345	5,034	5,096	5,072	3,875
Other Long-Term Assets	8,600	8,069	7,884	5,844	4,161	4,037
Total Assets	100,826	103,907	91,530	85,354	79,379	63,002
Accounts Payable	7,138	7,077	7,762	6,645	6,475	4,846
Accrued Expenses	1,156	1,055	989.47	1,273	843.2	698.01
Current Portion of Long-Term Debt	8,852	8,822	7,613	5,194	5,487	4,126
Current Portion of Leases	236.08	206.32	137.64	177.01	119.05	93.63
Current Income Taxes Payable	761.58	719.25	864.61	870.33	3,309	2,058
Current Unearned Revenue	4,098	3,649	2,064	1,120	2,141	1,101
Other Current Liabilities	2,580	3,589	5,587	7,196	6,168	1,803
Total Current Liabilities	24,821	25,116	25,017	22,475	24,542	14,726
Long-Term Debt	43,295	48,093	37,246	35,725	27,021	31,144
Long-Term Leases	853.99	633.98	596.12	516.84	492.5	436.51
Long-Term Unearned Revenue	10,023	10,121	5,145	943.92	947.9	1,726
Pension & Post-Retirement Benefits	516.54	473.05	513.9	555.33	584.29	758.43
Long-Term Deferred Tax Liabilities	632.53	541.33	304	216.95	503.08	618.84
Other Long-Term Liabilities	3,328	3,469	3,023	3,105	1,915	2,341
Total Liabilities	83,470	88,448	71,845	63,538	56,005	51,751
Common Stock	10,240	10,240	10,240	10,240	10,240	6,040
Retained Earnings	877.16	1,799	6,071	8,988	11,030	5,883
Treasury Stock	-	-	-	-	-936.93	-58.26
Comprehensive Income & Other	3,025	232.05	1,189	261.03	-17.89	-1,951
Total Common Equity	14,142	12,271	17,501	19,489	20,315	9,913
Minority Interest	3,213	3,188	2,184	2,327	3,059	1,338
Shareholders' Equity	17,355	15,459	19,685	21,816	23,374	11,252
Total Liabilities & Equity	100,826	103,907	91,530	85,354	79,379	63,002
Total Debt	53,237	57,755	45,593	41,613	33,119	35,801
Net Cash (Debt)	-36,363	-33,581	-28,046	-28,427	-14,078	-22,546
Net Cash Per Share	-27.42	-25.32	-21.15	-21.42	-10.23	-16.34
Filing Date Shares Outstanding	1,326	1,326	1,326	1,326	1,342	1,380
Total Common Shares Outstanding	1,326	1,326	1,326	1,326	1,342	1,380
Working Capital	8,015	14,669	8,061	8,137	10,431	8,660
Book Value Per Share	10.66	9.25	13.20	14.70	15.14	7.18
Tangible Book Value	3,148	1,833	6,964	8,701	12,658	2,597
Tangible Book Value Per Share	2.37	1.38	5.25	6.56	9.43	1.88
Land	626.12	592.72	525.31	485.11	349.5	257.69
Buildings	9,939	9,664	9,111	8,742	5,358	4,752
Machinery	46,090	43,483	39,895	36,658	29,539	26,396
Construction In Progress	7,061	5,881	4,425	4,026	3,644	3,680

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