Bradespar 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	532.03	287.95	246.2	408.7	294.71	62.56
Cash & Short-Term Investments	532.03	287.95	246.2	408.7	294.71	62.56
Cash Growth	-4.64%	16.96%	-39.76%	38.68%	371.06%	-68.90%
Other Receivables	-	72.28	-	240.89	-	352.72
Receivables	-	72.28	-	240.89	-	352.72
Prepaid Expenses	0.22	0.38	0.01	0.28	-	-
Total Current Assets	532.29	360.61	246.21	649.87	294.71	415.29
Property, Plant & Equipment	0.93	1.01	0.03	0.14	0.06	0.08
Long-Term Investments	8,562	8,154	7,511	7,269	7,048	10,692
Other Intangible Assets	4.19	2.31	0.44	0.97	0.97	0.82
Other Long-Term Assets	117.75	89.28	132.64	141.91	209.69	189.92
Total Assets	9,217	8,607	7,890	8,062	7,554	11,298
Accrued Expenses	1.34	0.31	-	-	-	-
Current Portion of Leases	0.36	0.34	0.08	0.13	0.1	0.07
Current Income Taxes Payable	49.84	0.28	0.48	4.74	0.97	0.28
Other Current Liabilities	37.92	120.48	55.39	579.18	48.97	34.84
Total Current Liabilities	89.46	121.41	55.95	584.04	50.04	35.19
Long-Term Leases	4.09	2.11	0.49	0.98	0.97	0.82
Other Long-Term Liabilities	-	-	-	-	-	7.02
Total Liabilities	93.54	123.52	56.44	585.02	51.01	43.04
Common Stock	5,600	4,600	4,600	3,100	500.13	4,100
Retained Earnings	4,574	4,707	4,387	4,670	5,258	2,899
Comprehensive Income & Other	-1,050	-824.02	-1,153	-293.56	1,745	4,256
Shareholders' Equity	9,124	8,483	7,834	7,477	7,503	11,255
Total Liabilities & Equity	9,217	8,607	7,890	8,062	7,554	11,298
Total Debt	4.45	2.45	0.57	1.1	1.07	0.89
Net Cash (Debt)	527.58	285.5	245.63	407.6	293.64	61.67
Net Cash Growth	-5.00%	16.23%	-39.74%	38.81%	376.13%	-
Net Cash Per Share	1.34	0.73	0.62	1.04	0.75	0.16
Filing Date Shares Outstanding	393.1	393.1	393.1	393.1	393.1	393.1
Total Common Shares Outstanding	393.1	393.1	393.1	393.1	393.1	393.1
Working Capital	442.83	239.2	190.27	65.83	244.67	380.1
Book Value Per Share	23.21	21.58	19.93	19.02	19.09	28.63
Tangible Book Value	9,120	8,481	7,834	7,476	7,502	11,254
Tangible Book Value Per Share	23.20	21.58	19.93	19.02	19.08	28.63

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