v3.26.1
Loans, financing and debentures (Tables)
 3 Months Ended
Mar. 31, 2026
Disclosure of detailed information about borrowings [abstract]  
Disclosure of detailed information about borrowings [text block]
CurrentNon-currentTotal
TypeCurrencyInterest rateAverage annual interest rate - %03/31/202612/31/202503/31/202612/31/202503/31/202612/31/2025
In foreign currency
Bonds
USD
Fixed
5.0
%
310,227 
815,478 
39,937,294 
42,405,964 
40,247,521 
43,221,442 
Panda Bonds
CNY
Fixed
2.7
%
19,576 
6,785 
1,963,907 
2,039,941 
1,983,483 
2,046,726 
Export credits (“export prepayments”)
USD
SOFR/Fixed
5.2
%
1,733,663 
923,820 
15,253,641 
16,901,305 
16,987,304 
17,825,125 
Assets financing
USD
SOFR
3.1
%
102,736 
107,159 
143,525 
178,526 
246,261 
285,685 
ECA - Export Credit Agency
USD
SOFR
5.8
%
14,778 
17,426 
1,687,185 
1,778,184 
1,701,963 
1,795,610 
IFC - International Finance Corporation (1)
USD
SOFR
5.5
%
(3,763)
(5,485)
4,919,069 
5,182,737 
4,915,306 
5,177,252 
Others
3,751 
5,516 
3,751 
5,516 
2,180,968 
1,870,699 
63,904,621 
68,486,657 
66,085,589 
70,357,356 
In local currency
BNDES
BRL
UMBNDES
6.6
%
7,801 
5,794 
442,503 
468,025 
450,304 
473,819 
BNDES
BRL
TJLP
8.6
%
68,286 
89,150 
10,951 
11,802 
79,237 
100,952 
BNDES
BRL
TLP
12.4
%
201,878 
178,549 
5,576,674 
5,562,188 
5,778,552 
5,740,737 
BNDES
BRL
Fixed
2.4
%
33 
12,500 
12,533 
 
BNDES
BRL
SELIC
16.4
%
226,156 
282,017 
522,110 
514,605 
748,266 
796,622 
BNDES
BRL
TR
4.0
%
10,264 
9,933 
151,019 
153,762 
161,283 
163,695 
Assets financing
BRL
CDI
16.3
%
18,887 
18,799 
33,473 
38,214 
52,360 
57,013 
NCE (“Export credit notes”)
BRL
CDI
16.7
%
4,031 
4,157 
100,000 
100,000 
104,031 
104,157 
NCR (“Rural producer certificates”)
BRL
CDI
13.7
%
387,660 
369,572 
5,000,000 
5,000,000 
5,387,660 
5,369,572 
ECO INVEST - Crédito Agroindustria
BRL
CDI
14.0
%
17,126 
7,094 
327,419 
327,263 
344,545 
334,357 
Rural Product Note ("CPR")
BRL
CDI/IPCA
13.2
%
1,486 
41,894 
1,979,277 
1,954,437 
1,980,763 
1,996,331 
Debentures
BRL
CDI/IPCA
13.7
%
309,811 
127,247 
9,240,683 
9,179,399 
9,550,494 
9,306,646 
1,253,419 
1,134,206 
23,396,609 
23,309,695 
24,650,028 
24,443,901 
3,434,387 
3,004,905 
87,301,230 
91,796,352 
90,735,617 
94,801,257 
Interest on financing
1,259,281 
1,525,436 
1,259,281 
1,525,436 
Non-current funding
2,175,106 
1,479,469 
87,301,230 
91,796,352 
89,476,336 
93,275,821 
3,434,387 
3,004,905 
87,301,230 
91,796,352 
90,735,617 
94,801,257 
(1) The balances shown as negative include fundraising costs
Disclosure of maturity analysis for non-derivative financial liabilities [text block]
202720282029203020312032 onwards Total
In foreign currency
Bonds
2,599,399 
8,700,749 
5,155,884 
6,525,377 
16,955,885 
39,937,294 
Panda Bonds
907,427 
980,837 
75,643 
1,963,907 
Export credits (“export prepayments”)
2,347,334 
2,943,742 
3,627,988 
5,419,096 
915,481 
15,253,641 
Assets financing
75,592 
62,089 
5,844 
143,525 
ECA - Export Credit Agency
649,476 
1,037,709 
1,687,185 
IFC - International Finance Corporation
263,870 
1,342,546 
2,187,723 
1,124,930 
4,919,069 
3,594,223 
7,928,613 
14,522,304 
11,775,553 
8,090,334 
17,993,594 
63,904,621 
In local currency
BNDES – TJLP
2,816 
3,755 
3,755 
625 
10,951 
BNDES – TLP
120,552 
157,903 
143,738 
381,296 
481,610 
4,291,575 
5,576,674 
BNDES – Fixed
681 
743 
743 
10,333 
12,500 
BNDES – SELIC
30,542 
40,722 
40,722 
40,722 
40,722 
328,680 
522,110 
BNDES – TR
8,301 
11,068 
11,068 
11,068 
11,068 
98,446 
151,019 
BNDES - UMBNDES
7,207 
9,610 
9,610 
9,610 
9,610 
396,856 
442,503 
Ecoinvest
73,617 
73,617 
73,617 
106,568 
327,419 
Assets financing
14,372 
19,033 
68 
33,473 
NCE (“Export credit notes”)
25,000 
25,000 
25,000 
25,000 
100,000 
Rural Product Note ("CPR")
1,979,277 
1,979,277 
NCR (“Rural producer certificates”)
2,000,000 
3,000,000 
5,000,000 
Debentures
561,095 
500,000 
8,179,588 
9,240,683 
208,790 
267,091 
308,259 
3,103,776 
4,117,370 
15,391,323 
23,396,609 
3,803,013 
8,195,704 
14,830,563 
14,879,329 
12,207,704 
33,384,917 
87,301,230 
Schedule of Changes In Loans, Financing and Debentures
03/31/202612/31/2025
Opening balance
94,801,257 
101,435,531 
Fundraising, net of issuance costs
91,273 
23,871,760 
Interest accrued
1,426,111 
5,953,778 
Monetary and exchange rate variation, net
(3,419,196)
(8,384,101)
Settlement of principal
(473,585)
(22,353,325)
Settlement of interest
(1,711,077)
(5,817,907)
Amortization of fundraising costs
20,834 
101,803 
Others
(6,282)
Closing balance
90,735,617 
94,801,257 
Disclosure of Transaction Costs and Premiums of Securities Issues Explanatory
Balance to be amortized
TypeCostAmortization03/31/202612/31/2025
Bonds
411,818 
281,633 
130,185 
142,598 
Panda Bonds
6,183 
1,286 
4,897 
5,617 
Rural Product Note ("CPR")
65,177 
2,716 
62,461 
63,819 
Export credits (“export prepayments”)
180,466 
117,452 
63,014 
71,612 
Debentures
156,800 
49,245 
107,555 
110,409 
BNDES
97,685 
57,630 
40,055 
41,023 
ECA - Export Credit Agency
13,615 
2,609 
11,006 
12,072 
IFC - International Finance Corporation
81,956 
30,562 
51,394 
57,186 
Others
4,797 
313 
4,484 
4,641 
1,018,497 
543,446 
475,051 
508,977