Gerdau(GGB) - 2024 Q1 - Quarterly Report

Exhibit 99.1 GERDAU S.A. Condensed consolidated interim financial statements as of March 31, 2024 GERDAU S.A. CONSOLIDATED BALANCE SHEETS In thousands of Brazilian reais (R$) (Unaudited) Note March 31, 2024 December 31, 2023 CURRENT ASSETS Cash and cash equivalents 4 3,743,123 3,005,645 Short-term investments 4 2,198,040 2,338,097 Trade accounts receivable 5 5,481,606 4,875,394 Inventories 6 16,043,134 15,227,778 Tax credits 940,695 1,009,824 Income and social contribution taxes recoverable 757,139 986,068 ...