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Financial Statements — AZUL
Balance Sheet
(in billions BRL)| Metric | Q4 2025 | Q4 2024 | Q4 2023 | Q4 2022 | Q4 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | 0.99 | 1.21 | 1.90 | 0.67 | 3.07 |
| Inventory | 0.97 | 0.94 | 0.80 | 0.72 | 0.57 |
| Total Current Assets | 6.30 | 5.66 | 5.04 | 4.87 | 5.85 |
| Total Non-current Assets | 17.33 | 20.62 | 15.49 | 13.85 | 12.69 |
| Total Assets | 23.64 | 26.27 | 20.53 | 18.72 | 18.53 |
| Total Current Liabilities | 29.47 | 21.34 | 14.75 | 15.06 | 11.71 |
| Total Non-current Liabilities | 23.20 | 35.37 | 27.11 | 22.67 | 25.16 |
| Total Liabilities* | 52.68 | 56.71 | 41.86 | 37.73 | 36.87 |
| Retained Earnings | (34.69) | (34.82) | (25.67) | (23.29) | (22.56) |
| Total Stockholder Equity | (29.04) | (30.44) | (21.33) | (19.01) | (18.33) |
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* Derived from reported values