Equity instruments (Tables)

12 Months Ended

Dec. 31, 2025

Equity Instruments

Schedule of breakdown, by classification and type, of the balances of equity instruments


Thousand of Reais	2025	2024

Classification:
Financial Assets Measured at Fair Value Through Profit or Loss	4,862,393	2,968,823
Financial Assets Measured at Fair Value Through Other Comprehensive Income	92,363	19,633
Total	4,954,756	2,988,456

Type:
Shares of domestic companies	3,004,645	2,048,007
Shares of foreign companies	21,507	54,886
Investment funds (1)	1,928,604	885,563
Total	4,954,756	2,988,456

(1)

Primarily composed of investments in fixed income assets and both government and private securities.

Schedule of changes in financial assets measured at fair value through profit or loss held for trading


Thousand of Reais	2025	2024	2023

Balance at the beginning of the fiscal year	2,968,823	3,422,154	2,605,279
Additions/Disposals (Net)	1,893,570	(453,331)	816,875
Balance at the end of the fiscal year	4,862,393	2,968,823	3,422,154

Schedule of changes in financial assets measured at fair value through other comprehensive income


Thousand of Reais	2025	2024	2023

Balance at the beginning of the fiscal year	19,633	15,953	33,493
Additions/Disposals (Net)	72,730	3,680	(17,540)
Balance at the end of the fiscal year	92,363	19,633	15,953