CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||
| CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS | |||||||||||||||||||||||||||||||||||||||||
| CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS | NOTE 4 — CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS Cash and cash equivalents
Immediately available investments include investments with maturity of up to 90 days or readily redeemable, that means, those that have immediate liquidity and low risk of fair value variation. Short-term investments
Short-term investments include securities held for immediate trading or available for future sale and substantially include amounts in investment funds, whose portfolio is composed of Bank Deposit Certificates, government bonds, financial bills and debentures, among others, which are used to manage the cash from the Company’s operating activities and recorded at fair value. Income generated by these investments is recorded as financial income. |