Ero Copper Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	105.44	50.4	111.74	177.7	130.13
Short-Term Investments	-	-	-	139.7	-
Cash & Short-Term Investments	105.44	50.4	111.74	317.4	130.13
Cash Growth	109.20%	-54.89%	-64.80%	143.91%	108.18%
Accounts Receivable	41.06	18.4	5.71	10.29	30.7
Other Receivables	8	17.18	14.22	12.25	15.11
Receivables	49.47	40.26	28.28	32.78	45.81
Inventory	107.11	42.09	42.25	30.96	26.02
Prepaid Expenses	5.85	5.88	5.66	6.67	5.87
Other Current Assets	8.34	3.16	11.56	4.62	0.86
Total Current Assets	276.21	141.79	199.49	392.43	208.69
Property, Plant & Equipment	1,608	1,270	1,282	770.96	477.47
Long-Term Deferred Tax Assets	3.05	16.66	1.32	-	2.32
Other Long-Term Assets	23.7	22.4	14.63	14.3	1.3
Total Assets	1,924	1,458	1,512	1,188	689.76
Accounts Payable	92.28	58.07	74.88	47.87	25.4
Accrued Expenses	61.84	43.82	45.83	36.74	40.98
Current Portion of Long-Term Debt	55.71	45.89	20.38	15.7	4.34
Current Portion of Leases	16.28	10.91	11	6.22	4.71
Current Income Taxes Payable	14.68	3.33	4	5.44	7.35
Current Unearned Revenue	12.8	31.71	17.16	16.58	10.51
Other Current Liabilities	7.13	17.98	0.56	0.58	29.36
Total Current Liabilities	260.72	211.71	173.8	129.12	122.66
Long-Term Debt	551.4	556.3	405.85	402.35	54.91
Long-Term Leases	8.95	6.98	8.61	4.74	2.4
Long-Term Unearned Revenue	92.95	48.23	58.39	69.48	83.71
Long-Term Deferred Tax Liabilities	10.73	-	10.86	6.23	-
Other Long-Term Liabilities	61.27	43.74	44.85	33.99	30.6
Total Liabilities	986.02	866.95	702.36	645.91	294.27
Common Stock	298.49	286.55	271.34	148.06	133.07
Additional Paid-In Capital	7.34	8.18	8.5	11.19	12.17
Retained Earnings	744.78	481.06	549.53	456.73	354.9
Comprehensive Income & Other	-115.07	-188.65	-25.11	-77.37	-107.08
Total Common Equity	935.53	587.13	804.25	538.59	393.06
Minority Interest	2.33	3.94	5.08	3.57	2.43
Shareholders' Equity	937.86	591.07	809.33	542.17	395.49
Total Liabilities & Equity	1,924	1,458	1,512	1,188	689.76
Total Debt	632.35	620.07	445.84	429.02	66.36
Net Cash (Debt)	-526.91	-569.67	-334.1	-111.62	63.77
Net Cash Per Share	-5.06	-5.53	-3.52	-1.21	0.70
Filing Date Shares Outstanding	104.28	103.57	102.76	92.26	90.23
Total Common Shares Outstanding	104.19	103.56	102.75	92.18	90.2
Working Capital	15.49	-69.92	25.69	263.31	86.03
Book Value Per Share	8.98	5.67	7.83	5.84	4.36
Tangible Book Value	935.53	587.13	804.25	538.59	393.06
Tangible Book Value Per Share	8.98	5.67	7.83	5.84	4.36
Buildings	94.38	36.59	37.25	22.04	18.35
Machinery	531.93	321.92	312.1	213.72	134.59
Construction In Progress	338.71	501.06	419.66	111.82	19.19

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