Lease liabilities (Tables)

12 Months Ended

Dec. 31, 2025


	2025				2024				2023
	Non-current		Current		Non-current		Current		Non-current		Current
Lease liabilities		273		298		406		370		325		341

Summary of lease liabilities and discount rates

These liabilities are discounted at the following rates:


Lease term	2025		Effective average monthly rate used		2024		Effective average monthly rate used		2023		Effective average monthly rate used
0 to 1 year		71		0.86%		53		1.15%		87		1.55%
1 to 2 years		161		0.76%		248		0.89%		142		1.17%
2 to 3 years		179		0.74%		140		0.89%		210		1.02%
3 to 4 years		43		0.69%		149		0.82%		46		0.97%
4 to 5 years		28		0.79%		55		0.69%		118		0.90%
5 to 9 years		80		0.62%		112		0.66%		38		0.81%
More than 9 years		9		0.70%		19		0.73%		25		0.75%

		571				776				666

Summary of lease liabilities activity

The evolution of the Group’s leases liabilities for the fiscal years ended December 31, 2025, 2024 and 2023 is as follows:


	2025		2024		2023
Balance at the beginning of the year		776		666		566
Increases of leases		216		444		404
Financial accretions		65		71		77
Decreases of leases		(80)		(5)		(23)
Payments		(406)		(400)		(359)
Result from net monetary position (1)		-		-		1

Balance at the end of the year		571		776		666

(1)

Includes the adjustment for inflation of opening balances of lease liabilities of subsidiaries with the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income and the adjustment for inflation of the fiscal year which was charged to net profit or loss in the statement of comprehensive income.