FRA:U1S1 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	5,082	5,200	5,324	4,258	6,341	3,261
Short-Term Investments	954.17	-	-	814.4	682.53	1,607
Trading Asset Securities	-	753.64	685.98	-	-	-
Cash & Short-Term Investments	6,036	5,954	6,010	5,072	7,024	4,868
Cash Growth	2.33%	-0.93%	18.48%	-27.78%	44.28%	153.40%
Accounts Receivable	3,307	3,157	3,509	3,548	3,563	2,373
Other Receivables	733.47	593.31	588.43	771.71	1,697	453.26
Receivables	4,041	3,751	4,097	4,320	5,261	2,826
Inventory	6,090	7,452	7,493	9,965	7,516	3,890
Other Current Assets	187.98	274.38	331.39	1,001	198.89	245.75
Total Current Assets	16,354	17,431	17,932	20,359	19,999	11,830
Property, Plant & Equipment	10,388	12,767	12,879	10,821	11,086	11,006
Long-Term Investments	1,627	1,442	1,304	1,211	1,138	1,059
Goodwill	-	2.43	2.43	-	2.43	2.43
Other Intangible Assets	2,007	1,970	1,962	1,976	1,648	1,596
Long-Term Accounts Receivable	0.55	0.56	7.85	48.98	88.95	87.32
Long-Term Deferred Tax Assets	1,941	3,258	3,100	2,410	2,982	2,914
Other Long-Term Assets	2,993	3,000	2,975	3,175	2,536	1,458
Total Assets	35,310	39,872	40,162	40,000	39,482	29,952
Accounts Payable	2,247	2,971	2,624	2,839	2,633	1,918
Accrued Expenses	569.33	514.07	539.95	415.75	363.96	350.1
Short-Term Debt	674.57	864.1	1,577	935.38	715.55	880.71
Current Portion of Long-Term Debt	132.97	150.74	122.89	130.98	171.83	135.95
Current Portion of Leases	22.77	25.67	45.07	34.04	29.51	26.79
Current Income Taxes Payable	0.49	-	8.51	47.9	873.31	445.84
Other Current Liabilities	238.46	257.37	596.91	989.96	1,545	722.02
Total Current Liabilities	3,885	4,783	5,514	5,393	6,332	4,479
Long-Term Debt	6,117	6,618	5,793	6,067	6,128	5,832
Long-Term Leases	86.04	99.85	62.19	85.14	53.01	37.92
Pension & Post-Retirement Benefits	554.4	581.98	774.64	-	-	-
Other Long-Term Liabilities	1,030	1,106	1,468	2,568	2,610	2,765
Total Liabilities	11,673	13,188	13,612	14,113	15,123	13,114
Common Stock	13,200	13,200	13,200	13,200	13,200	13,200
Retained Earnings	7,348	10,487	10,627	9,562	8,325	1,473
Comprehensive Income & Other	203.3	194.33	28.64	393.21	224.21	194.2
Total Common Equity	20,751	23,882	23,856	23,155	21,749	14,867
Minority Interest	2,886	2,802	2,694	2,733	2,609	1,971
Shareholders' Equity	23,637	26,684	26,549	25,888	24,359	16,838
Total Liabilities & Equity	35,310	39,872	40,162	40,000	39,482	29,952
Total Debt	7,034	7,758	7,601	7,252	7,098	6,914
Net Cash (Debt)	-997.56	-1,804	-1,591	-2,180	-74.1	-2,046
Net Cash Per Share	-0.81	-1.47	-1.29	-1.77	-0.06	-1.66
Filing Date Shares Outstanding	1,231	1,231	1,231	1,231	1,231	1,231
Total Common Shares Outstanding	1,231	1,231	1,231	1,231	1,231	1,231
Working Capital	12,469	12,648	12,417	14,966	13,667	7,351
Book Value Per Share	16.86	19.40	19.38	18.81	17.67	12.08
Tangible Book Value	18,745	21,909	21,891	21,179	20,099	13,269
Tangible Book Value Per Share	15.23	17.80	17.78	17.21	16.33	10.78
Land	-	494.23	476.59	-	-	-
Buildings	-	2,389	2,396	-	-	-
Machinery	-	22,529	21,766	-	-	-
Construction In Progress	-	2,355	2,325	-	-	-

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