v3.26.1
RISK MANAGEMENT - Schedule of Sensitivity Analysis of Financial Instruments (Details)
€ in Thousands, R$ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
BRL (R$)
Rate
brazilianReal
$ / gal
Dec. 31, 2025
USD ($)
Dec. 31, 2025
EUR (€)
Dec. 31, 2025
USD ($)
Rate
$ / gal
brazilianReal
Dec. 31, 2025
EUR (€)
Rate
$ / gal
brazilianReal
Dec. 31, 2024
BRL (R$)
brazilianReal
Dec. 31, 2024
USD ($)
brazilianReal
Dec. 31, 2024
EUR (€)
brazilianReal
Exposure to US$                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Final rate | brazilianReal 5.5024     5.5024 5.5024 6.1923 6.1923 6.1923
Exposure to €                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Final rate | brazilianReal 6.4692     6.4692 6.4692 6.4363 6.4363 6.4363
Interest rate risk | Exposure to CDI                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Rate (p.a.) 14.90%     14.90% 14.90%      
Exposed assets (liabilities), net R$ (30,742)              
Interest rate risk | Exposure to SOFR                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Rate (p.a.) 3.70%     3.70% 3.70%      
Exposed assets (liabilities), net R$ (1,495,146)              
Interest rate risk | Interest rate devaluation by -10% | Exposure to CDI                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Rate (p.a.) 13.40%     13.40% 13.40%      
Exposed assets (liabilities), net R$ 4,944              
Interest rate risk | Interest rate devaluation by -10% | Exposure to SOFR                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Rate (p.a.) 3.30%     3.30% 3.30%      
Exposed assets (liabilities), net R$ 5,485              
Interest rate risk | Interest rate devaluation by -25% | Exposure to CDI                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Rate (p.a.) 11.20%     11.20% 11.20%      
Exposed assets (liabilities), net R$ 12,360              
Interest rate risk | Interest rate devaluation by -25% | Exposure to SOFR                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Rate (p.a.) 2.80%     2.80% 2.80%      
Exposed assets (liabilities), net R$ 13,712              
Interest rate risk | Interest rate appreciation by 10% | Exposure to CDI                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Rate (p.a.) 16.40%     16.40% 16.40%      
Exposed assets (liabilities), net R$ (4,944)              
Interest rate risk | Interest rate appreciation by 10% | Exposure to SOFR                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Rate (p.a.) 4.00%     4.00% 4.00%      
Exposed assets (liabilities), net R$ (5,485)              
Interest rate risk | Interest rate appreciation by 25% | Exposure to CDI                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Rate (p.a.) 18.60%     18.60% 18.60%      
Exposed assets (liabilities), net R$ (12,360)              
Interest rate risk | Interest rate appreciation by 25% | Exposure to SOFR                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Rate (p.a.) 4.60%     4.60% 4.60%      
Exposed assets (liabilities), net R$ (13,712)              
Commodity price risk | Convertible debt instruments                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Price (in usd per share) | $ / gal 4.2     4.2 4.2      
Liabilities and equity R$ (5,710,291)              
Commodity price risk | Interest rate devaluation by -10% | Convertible debt instruments                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Price (in usd per share) | $ / gal 3.8     3.8 3.8      
Effect on profit or loss R$ 571,029              
Commodity price risk | Interest rate devaluation by -25% | Convertible debt instruments                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Price (in usd per share) | $ / gal 3.2     3.2 3.2      
Effect on profit or loss R$ 1,427,573              
Commodity price risk | Interest rate appreciation by 10% | Convertible debt instruments                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Price (in usd per share) | $ / gal 4.6     4.6 4.6      
Effect on profit or loss R$ (571,029)              
Commodity price risk | Interest rate appreciation by 25% | Convertible debt instruments                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Price (in usd per share) | $ / gal 5.3     5.3 5.3      
Effect on profit or loss R$ (1,427,573)              
Currency risk | Exposure to US$                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Liabilities and equity R$ (39,156,408)         R$ (43,491,366)    
Final rate | Rate 5.5     5.5 5.5      
Exposed assets (liabilities), net R$ (35,729,371)     $ (6,493,416)   (39,397,983) $ (6,362,415)  
Currency risk | Exposure to US$ | Interest rate devaluation by -10%                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Final rate | Rate 5.0     5.0 5.0      
Effect on profit or loss | $   $ 3,572,937            
Currency risk | Exposure to US$ | Interest rate devaluation by -25%                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Final rate | Rate 4.1     4.1 4.1      
Effect on profit or loss | $   8,932,343            
Currency risk | Exposure to US$ | Interest rate appreciation by 10%                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Final rate | Rate 6.1     6.1 6.1      
Effect on profit or loss | $   (3,572,937)            
Currency risk | Exposure to US$ | Interest rate appreciation by 25%                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Final rate | Rate 6.9     6.9 6.9      
Effect on profit or loss | $   $ (8,932,343)            
Currency risk | Exposure to €                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Liabilities and equity R$ (1,600)         (15)    
Final rate 6.5     6.5 6.5      
Exposed assets (liabilities), net R$ 125,823       € 19,450 R$ 1,030,953   € 160,178
Currency risk | Exposure to € | Interest rate devaluation by -10%                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Final rate 5.8     5.8 5.8      
Effect on profit or loss | €     € (12,582)          
Currency risk | Exposure to € | Interest rate devaluation by -25%                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Final rate 4.9     4.9 4.9      
Effect on profit or loss | €     (31,456)          
Currency risk | Exposure to € | Interest rate appreciation by 10%                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Final rate 7.1     7.1 7.1      
Effect on profit or loss | €     12,582          
Currency risk | Exposure to € | Interest rate appreciation by 25%                
Disclosure of nature and extent of risks arising from financial instruments [line items]                
Final rate 8.1     8.1 8.1      
Effect on profit or loss | €     € 31,456