| FINANCIAL RESULTS, NET |
NOTE 25 – FINANCIAL RESULTS, NET | | | | | | | | | Years ended December 31, | | | 2024 | | 2023 | | 2022 | | | | Profit (loss) | Interests on borrowings | | (161,173) | | (155,316) | | (123,660) | Remeasurement in borrowings (*) | | (125,293) | | 132,257 | | 14,342 | Foreign currency exchange gains on borrowings | | 2,058,562 | | (1,659,523) | | 355,660 | Borrowings renegotiation results | | 2,645 | | (2,122) | | (332) | Repurchase Notes | | 561 | | — | | — | Total financial results from borrowings | | 1,775,302 | | (1,684,704) | | 246,010 |
(*)Related to Notes issued in UVA | | | | | | | | | Years ended December 31, | | | 2024 | | 2023 | | 2022 | | | | Profit (loss) | Fair value gains/(losses) on financial assets at fair value through profit or loss | | (55,373) | | 170,840 | | (104,901) | Other foreign currency exchange gains (losses) | | 228,856 | | (158,789) | | 3,108 | Other interests, net | | 29,635 | | 40,982 | | 16,004 | Other taxes and bank expenses | | (142,256) | | (67,295) | | (57,566) | Financial expenses on pension benefits | | (8,216) | | (4,930) | | (3,365) | Financial discounts on assets, debts and others | | (33,693) | | (19,328) | | (26,392) | RECPAM | | 157,621 | | 498,845 | | 439,718 | Total other financial results, net | | 176,574 | | 460,325 | | 266,606 | Total financial results, net | | 1,951,876 | | (1,224,379) | | 512,616 |
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