v3.26.1
CONVERTIBLE DEBT INSTRUMENTS - Schedule of Convertible Instruments (Details)
R$ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
BRL (R$)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
BRL (R$)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
BRL (R$)
Disclosure of detailed information about borrowings [line items]          
Balance in the beginning of the period R$ 14,981,417   R$ 9,698,912    
Payment of principal 5,854,411   1,723,166    
Payment of interest 2,063,307   1,340,728    
Interest incurred 2,791,669   1,399,094    
Foreign currency exchange (1,677,383)   2,749,867    
Balance at the end of the period 23,059,604   14,981,417   R$ 9,698,912
Current 88,996   124,321    
Non-current 308,370   1,058,047    
Restructuring payment of a premium 1,428        
Reconstitution of the debt 712,965        
Restructuring of convertible debentures 334,599   R$ 0   352,430
Not designated as hedging instrument          
Disclosure of detailed information about borrowings [line items]          
Restructuring R$ 961,252        
U.S. dollar          
Disclosure of detailed information about borrowings [line items]          
Balance in the beginning of the period | $   $ 13,543,411   $ 8,713,825  
Payment of principal | $   5,046,889   581,276  
Payment of interest | $   1,923,498   1,179,020  
Interest incurred | $   2,656,742   1,223,371  
Foreign currency exchange | $   (1,677,383)   2,749,867  
Balance at the end of the period | $   $ 21,693,348   $ 13,543,411  
Convertible debenture instrument          
Disclosure of detailed information about borrowings [line items]          
Average nominal rate p.a. 12.30%   12.30%    
Effective rate p.a. 12.30%   12.30%    
Maturity Oct-28 Oct-28 Oct-28 Oct-28  
Balance in the beginning of the period R$ 1,182,368   R$ 1,201,610    
Funding 84,884        
Variation of the conversion right (1,006,544)   (437,035)    
Payment of principal (351,581)        
Payment of interest (188,780)   (76,382)    
Interest incurred 405,207   273,826    
Foreign currency exchange 22,097   220,349    
Effect of restructuring 249,715        
Balance at the end of the period 397,366   1,182,368   1,201,610
Current 88,996   124,321   25,807
Non-current 308,370   1,058,047   1,175,803
Convertible debenture instrument | 2025          
Disclosure of detailed information about borrowings [line items]          
Balance in the beginning of the period 124,321        
Balance at the end of the period 0   124,321    
Convertible debenture instrument | 2026          
Disclosure of detailed information about borrowings [line items]          
Balance in the beginning of the period 0        
Balance at the end of the period 88,996   0    
Convertible debenture instrument | 2028          
Disclosure of detailed information about borrowings [line items]          
Balance in the beginning of the period 1,058,047        
Balance at the end of the period 308,370   1,058,047    
Convertible debenture instrument | U.S. dollar          
Disclosure of detailed information about borrowings [line items]          
Balance in the beginning of the period 1,182,368   1,201,610    
Funding 84,884        
Variation of the conversion right (1,006,544)   (437,035)    
Payment of principal (351,581)        
Payment of interest (188,780)   (76,382)    
Interest incurred 405,207   273,826    
Foreign currency exchange 22,097   220,349    
Effect of restructuring 249,715        
Balance at the end of the period R$ 397,366   R$ 1,182,368   R$ 1,201,610