Ero Copper Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	91.21	105.44	50.4	111.74	177.7	130.13
Short-Term Investments	-	-	-	-	139.7	-
Cash & Short-Term Investments	91.21	105.44	50.4	111.74	317.4	130.13
Cash Growth	13.20%	109.20%	-54.89%	-64.80%	143.91%	108.18%
Accounts Receivable	48.06	41.06	18.4	5.71	10.29	30.7
Other Receivables	-	8	17.18	14.22	12.25	15.11
Receivables	48.06	49.47	40.26	28.28	32.78	45.81
Inventory	107.74	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	43.29	8.34	3.16	11.56	4.62	0.86
Total Current Assets	290.3	276.21	141.79	199.49	392.43	208.69
Property, Plant & Equipment	1,724	1,608	1,270	1,282	770.96	477.47
Long-Term Deferred Tax Assets	2.73	3.05	16.66	1.32	-	2.32
Other Long-Term Assets	38.35	23.7	22.4	14.63	14.3	1.3
Total Assets	2,055	1,924	1,458	1,512	1,188	689.76
Accounts Payable	147.69	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	39.2	55.71	45.89	20.38	15.7	4.34
Current Portion of Leases	15.05	16.28	10.91	11	6.22	4.71
Current Income Taxes Payable	2.86	14.68	3.33	4	5.44	7.35
Current Unearned Revenue	10.92	12.8	31.71	17.16	16.58	10.51
Other Current Liabilities	8.35	7.13	17.98	0.56	0.58	29.36
Total Current Liabilities	224.06	260.72	211.71	173.8	129.12	122.66
Long-Term Debt	542.69	551.4	556.3	405.85	402.35	54.91
Long-Term Leases	6.5	8.95	6.98	8.61	4.74	2.4
Long-Term Unearned Revenue	91.45	92.95	48.23	58.39	69.48	83.71
Long-Term Deferred Tax Liabilities	22.18	10.73	-	10.86	6.23	-
Other Long-Term Liabilities	66.81	61.27	43.74	44.85	33.99	30.6
Total Liabilities	953.69	986.02	866.95	702.36	645.91	294.27
Common Stock	300.16	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	853.55	744.78	481.06	549.53	456.73	354.9
Comprehensive Income & Other	-55.69	-115.07	-188.65	-25.11	-77.37	-107.08
Total Common Equity	1,098	935.53	587.13	804.25	538.59	393.06
Minority Interest	3.37	2.33	3.94	5.08	3.57	2.43
Shareholders' Equity	1,101	937.86	591.07	809.33	542.17	395.49
Total Liabilities & Equity	2,055	1,924	1,458	1,512	1,188	689.76
Total Debt	603.44	632.35	620.07	445.84	429.02	66.36
Net Cash (Debt)	-512.23	-526.91	-569.67	-334.1	-111.62	63.77
Net Cash Per Share	-4.91	-5.06	-5.53	-3.52	-1.21	0.70
Filing Date Shares Outstanding	104.26	104.28	103.57	102.76	92.26	90.23
Total Common Shares Outstanding	104.26	104.19	103.56	102.75	92.18	90.2
Working Capital	66.24	15.49	-69.92	25.69	263.31	86.03
Book Value Per Share	10.53	8.98	5.67	7.83	5.84	4.36
Tangible Book Value	1,098	935.53	587.13	804.25	538.59	393.06
Tangible Book Value Per Share	10.53	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.