v3.25.4
Consolidated Balance Sheets - BRL (R$)
R$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets [abstract]    
Current assets R$ 25,220,293 R$ 22,814,327
Cash and cash equivalents 7,032,339 6,691,098
Financial investments 99,102 0
Trade accounts receivable 10,619,617 9,471,592
Inventories 1,475,998 1,097,238
Prepaid expenses 2,414,780 1,868,954
Income and social contribution taxes recoverable 356,286 852,694
Taxes, charges and contributions recoverable 2,687,600 2,306,093
Judicial deposits and garnishments 107,565 150,993
Derivative financial instruments 7,706 15,524
Other assets 419,300 360,141
Non-current assets 102,851,415 102,126,346
Long-term assets 7,105,040 6,485,934
Financial investments 41,308 42,619
Trade accounts receivable 283,502 370,149
Prepaid expenses 2,495,725 2,085,201
Deferred taxes 314,284 158,215
Taxes, charges and contributions recoverable 618,918 606,345
Judicial deposits and garnishments 2,856,753 2,852,730
Derivative financial instruments 8,622 1,840
Other assets 485,928 368,835
Investments 420,877 566,384
Property, plant and equipment 47,357,040 46,812,381
Intangible assets 47,968,458 48,261,647
TOTAL ASSETS 128,071,708 124,940,673
Current liabilities [abstract]    
Current liabilities 25,246,147 24,257,939
Personnel, social charges and benefits 1,346,202 1,238,452
Trade accounts payable 9,861,294 9,230,624
Income and social contribution taxes payable 130,866 9,898
Taxes, charges and contributions payable 1,516,170 1,585,936
Dividends and interest on equity 2,774,544 2,237,090
Provisions and contingencies 1,607,456 1,770,997
Deferred income 1,076,293 1,019,134
Loans, financing, debentures and leases 5,348,864 6,447,958
Derivative financial instruments 53,044 866
Other liabilities 1,531,414 716,984
Non-current liabilities [abstract]    
Non-current liabilities 33,822,835 30,883,239
Personnel, social charges and benefits 113,173 75,461
Income and social contribution taxes payable 261,439 215,355
Taxes, charges and contributions payable 6,581,236 5,128,584
Deferred taxes 4,226,185 4,015,677
Provisions and contingencies 5,623,903 5,368,788
Loans, financing, debentures and leases 14,997,817 14,298,572
Deferred income 226,372 126,912
Derivative financial instruments 43,859 10,403
Other liabilities 1,748,851 1,643,487
TOTAL LIABILITIES 59,068,982 55,141,178
Equity [abstract]    
Equity 68,721,743 69,729,582
Capital 60,071,416 62,071,416
Capital reserves (110,078) 63,095
Balance of legal reserves 8,735,352 7,523,216
Equity valuation adjustment 25,053 71,855
Non-controlling shareholders 280,983 69,913
TOTAL EQUITY 69,002,726 69,799,495
TOTAL LIABILITIES AND EQUITY R$ 128,071,708 R$ 124,940,673