​

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

​

​

​

​

​

​

​

Income from short-term investments

289,497

353,481

543,507

Interest income and other financial income

404,113

372,673

359,512

Financial Income

693,610

726,154

903,019

​

​

​

​

​

​

​

Interest on debt

(1,274,472)

(796,933)

(840,069)

Buyback of bonds

​

(82,676)

​

—

​

—

Monetary variation and other financial expenses

(716,224)

(711,406)

(556,720)

Financial Expenses

(2,073,372)

(1,508,339)

(1,396,789)

​

​

​

​

​

​

​

Adjustments due to hyperinflation in Argentina

​

(189,268)

​

(825,818)

​

(692,587)

Other exchange variations

​

400,035

​

(238,583)

​

(157,788)

Exchange Variation, net

​

210,767

​

(1,064,401)

​

(850,375)

Tax credits monetary update

—

—

253,002

Gains and losses on derivative financial instruments, net

(45,626)

(176,901)

(14,979)

Financial result, net

(1,214,621)

(2,023,487)

(1,106,122)