Financial Instruments by Category (Tables)

12 Months Ended

Dec. 31, 2025

Text Block1 [Abstract]

Financial Assets and Liabilities by Category of Financial Instruments

Financial assets


		2025

		Financial assets at amortized cost						Financial assets at fair value through profit or loss						Subtotal financial assets						Non-financial assets						Total
Other receivables (1)			1,224						-						1,224						622						1,846
Trade receivables (2)			1,740						-						1,740						-						1,740
Investments in financial assets			-						262						262						-						262
Cash and cash equivalents			527						406						933						-						933

			3,491						668						4,159						622						4,781


		2024

		Financial assets at amortized cost						Financial assets at fair value through profit or loss						Subtotal financial assets						Non-financial assets						Total
Other receivables (1)			293						-						293						622						915
Trade receivables (2)			1,487						-						1,487						195						1,682
Investments in financial assets			-						390						390						-						390
Cash and cash equivalents			679						439						1,118						-						1,118

			2,459						829						3,288						817						4,105


		2023

		Financial assets at amortized cost						Financial assets at fair value through profit or loss						Subtotal financial assets						Non-financial assets						Total
Other receivables (1)			232						-						232						308						540
Trade receivables (2)			1,063						-						1,063						-						1,063
Investments in financial assets			158						114						272						-						272
Cash and cash equivalents			1,027						96						1,123						-						1,123

			2,480						210						2,690						308						2,998

(1)	Does not include the provision for other doubtful receivables.

(2)	Does not include the provision for doubtful trade receivables.

Financial liabilities


		2025

		Financial liabilities at amortized cost						Financial liabilities at fair value through profit or loss						Subtotal financial liabilities						Non-financial liabilities						Total
Lease liabilities			571						-						571						-						571
Loans			10,581						-						10,581						-						10,581
Other liabilities			771						-						771						1						772
Accounts payable			2,232						-						2,232						12						2,244

			14,155						-						14,155						13						14,168


		2024

		Financial liabilities at amortized cost						Financial liabilities at fair value through profit or loss						Subtotal financial liabilities						Non-financial liabilities						Total
Lease liabilities			776						-						776						-						776
Loans			8,942						-						8,942						-						8,942
Other liabilities			216						-						216						268						484
Accounts payable			2,873						-						2,873						12						2,885

			12,807						-						12,807						280						13,087


		2023

		Financial liabilities at amortized cost						Financial liabilities at fair value through profit or loss						Subtotal financial liabilities						Non-financial liabilities						Total
Lease liabilities			666						-						666						-						666
Loans			8,190						-						8,190						-						8,190
Other liabilities			232						-						232						2						234
Accounts payable			2,317						-						2,317						7						2,324

			11,405						-						11,405						9						11,414

Summary of Gains and Losses on Financial and non-financial Instruments

Gains and losses on financial and

non-financial

instruments are allocated to the following categories:


		2025
		Financial and non- financial assets / liabilities at amortized cost								Financial assets / liabilities at fair value through profit or loss								Total
Financial income			105								-								105
Financial costs			(1,087)								-								(1,087)
Net exchange differences			20								(60)								(40)
Result on financial assets at fair value with changes in profit or loss			-								132								132
Result from derivative financial instruments			-								1								1
Export Increase Program			-								-								-
Result from transactions with financial assets			-								-								-
Result from net monetary position			(63)								-								(63)

			(1,025)								73								(952)


		2024
		Financial and non- financial assets / liabilities at amortized cost								Financial assets / liabilities at fair value through profit or loss								Total
Financial income			134								-								134
Financial costs			(1,169)								-								(1,169)
Net exchange differences (1)			(60)								(31)								(91)
Result on financial assets at fair value with changes in profit or loss			-								232								232
Result from derivative financial instruments			-								(1)								(1)
Export Increase Program (2)			-								3								3
Result from transactions with financial assets			-								(3)								(3)
Result from net monetary position			39								-								39

			(1,056)								200								(856)


		2023
		Financial and non- financial assets / liabilities at amortized cost								Financial assets / liabilities at fair value through profit or loss								Total
Financial income			334								-								334
Financial costs			(1,149)								-								(1,149)
Net exchange differences (1)			160								(236)								(76)
Result on financial assets at fair value with changes in profit or loss			-								289								289
Result from derivative financial instruments			-								7								7
Export Increase Program (2)			-								22								22
Result from transactions with financial assets			-								32								32
Result from net monetary position			37								-								37

			(618)								114								(504)

(1)	See Note 2.d).

(2)	See Note 35.j).

Summary of Company's Financial Assets Measured at Fair Value

The tables below present the Group’s financial assets measured at fair value through profit or loss as of December 31, 2025, 2024 and 2023, and their allocation to their fair value hierarchy levels:


		2025
Financial assets		Level 1				Level 2				Level 3				Total
Investments in financial assets:
- Public securities			250				-				-				250
- Private securities - NO			12				-				-				12

			262				-				-				262

Cash and cash equivalents:
- Mutual funds			382				-				-				382
- Public securities			24				-				-				24

			406				-				-				406

			668				-				-				668


		2024
Financial assets		Level 1				Level 2				Level 3				Total
Investments in financial assets:
- Public securities			381				-				-				381
- Private securities - NO			9				-				-				9

			390				-				-				390

Cash and cash equivalents:
- Mutual funds			439				-				-				439
- Public securities			-				-				-				-

			439				-				-				439

			829				-				-				829


		2023
Financial assets		Level 1				Level 2				Level 3				Total
Investments in financial assets:
- Public securities			114				-				-				114
- Private securities - NO			-				-				-				-

			114				-				-				114

Cash and cash equivalents:
- Mutual funds			96				-				-				96
- Public securities			-				-				-				-

			96				-				-				96

			210				-				-				210