Gafisa 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	24.51	8.95	12.32	23.01	35.42	29.04
Short-Term Investments	-	334.58	384.68	560.76	-	-
Trading Asset Securities	17.59	-	-	-	417.41	593.08
Cash & Short-Term Investments	42.09	343.53	397	583.77	452.84	622.12
Cash Growth	-82.62%	-13.47%	-31.99%	28.91%	-27.21%	50.15%
Accounts Receivable	949.51	812.76	712.04	679.55	425.51	487.08
Other Receivables	409.82	327.18	271.18	158.05	182.53	181.94
Receivables	1,359	1,140	983.21	837.6	608.04	669.02
Inventory	1,298	1,462	1,737	2,539	1,680	1,244
Prepaid Expenses	17.97	16.53	4.85	1.86	1.59	0.89
Other Current Assets	178.67	234.85	382.75	7.05	166.99	7.01
Total Current Assets	2,896	3,197	3,505	3,969	2,909	2,543
Property, Plant & Equipment	17.5	21.94	20.37	27.18	44.03	25.18
Long-Term Investments	649.02	635.65	443.44	589.91	672.9	307.41
Goodwill	-	-	-	-	161.27	-
Other Intangible Assets	21.97	22.3	187.78	190.24	6.54	4.53
Long-Term Accounts Receivable	206.82	258.23	86.56	68.33	116.22	217.17
Other Long-Term Assets	1,192	1,167	883.21	641.73	812.06	652.82
Total Assets	4,984	5,302	5,126	5,487	4,722	3,750
Accounts Payable	68.65	88.27	48.7	3.81	55.37	122.58
Accrued Expenses	10.15	6.49	7.98	7.71	24.4	16.98
Current Portion of Long-Term Debt	672.98	1,290	985.66	743.09	412	472.61
Current Income Taxes Payable	139.36	121.43	72.88	73.25	87.02	86.83
Other Current Liabilities	646.58	618.91	915.18	1,059	788.83	767.99
Total Current Liabilities	1,538	2,125	2,030	1,886	1,368	1,467
Long-Term Debt	888.04	594.11	847.88	1,247	1,171	492.51
Long-Term Deferred Tax Liabilities	54.54	132.31	116.47	92.44	86.7	14.65
Other Long-Term Liabilities	514.36	499.35	424.33	487.86	280.59	217.47
Total Liabilities	2,995	3,350	3,419	3,714	2,906	2,192
Common Stock	2,145	1,702	1,416	1,253	1,249	1,083
Retained Earnings	-143.85	-11.01	91.83	287.14	370.31	143.9
Treasury Stock	-2.63	-2.63	-2.63	-2.63	-2.63	-2.63
Comprehensive Income & Other	-9.3	263.23	200.97	234.65	199	337.86
Total Common Equity	1,989	1,951	1,706	1,772	1,815	1,562
Minority Interest	0.03	0.81	0.96	0.8	0.7	-3.99
Shareholders' Equity	1,989	1,952	1,707	1,773	1,816	1,558
Total Liabilities & Equity	4,984	5,302	5,126	5,487	4,722	3,750
Total Debt	1,561	1,884	1,834	1,990	1,583	965.12
Net Cash (Debt)	-1,519	-1,540	-1,437	-1,406	-1,131	-343
Net Cash Per Share	-203.53	-331.39	-483.61	-751.43	-680.45	-439.44
Filing Date Shares Outstanding	11.16	5.8	3.16	2.56	1.87	1.67
Total Common Shares Outstanding	11.16	5.8	3.16	2.56	1.87	1.67
Working Capital	1,359	1,072	1,475	2,083	1,542	1,076
Book Value Per Share	178.25	336.69	539.69	693.49	969.14	936.38
Tangible Book Value	1,967	1,929	1,519	1,582	1,647	1,558
Tangible Book Value Per Share	176.28	332.84	480.30	619.04	879.55	933.67
Machinery	-	-	-	-	1.64	-
Leasehold Improvements	-	-	-	-	6.64	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.