| Schedule of composition of loans and borrowings |
| | | | | | | | | | | Weighted average effective | | | | | | | interest rate as of December 31 | | 2025 | | 2024 | | | 2025 | | 2024 | | | | | Local currency | | | | | | | | | Bonds | | 6.2 | % | 9.8 | % | 4,985 | | 5,193 | Commercial and syndicated loan | | 7.3 | % | 11.7 | % | 6,199 | | 5,302 | Lease liabilities | | 8.8 | % | 9.2 | % | 818 | | 876 | | | | | | | 12,002 | | 11,371 | Foreign currency (1) | | | | | | | | | Bonds | | 7.6 | % | 7.0 | % | 79,222 | | 88,881 | Commercial and syndicated loans | | 6.5 | % | 6.5 | % | 16,670 | | 18,254 | Loans from related parties (Note 31) | | 6.0 | % | 6.0 | % | 728 | | 829 | Lease liabilities | | 6.6 | % | 6.5 | % | 578 | | 630 | | | | | | | 97,198 | | 108,594 | | | | | | | 109,200 | | 119,965 | Current | | | | | | 10,080 | | 11,288 | Non–current | | | | | | 99,120 | | 108,677 | | | | | | | 109,200 | | 119,965 |
(1) | The reduction in foreign currency debt is primarily due to the decline in the exchange rate. Spot rate fell from $4,409.15 to $3,757.08 between December 31, 2024 and December 31, 2025, respectively. |
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| Schedule of fair value of loans |
| | | | | | | 2025 | | 2024 | Local currency | | | | | Bonds | | 4,904 | | 5,153 | Commercial and syndicated loan | | 6,024 | | 5,973 | Lease liabilities | | 818 | | 876 | | | 11,746 | | 12,002 | Foreign currency | | | | | Bonds | | 77,440 | | 83,721 | Commercial, syndicated loans and related parties | | 15,072 | | 20,784 | Lease liabilities and related parties | | 578 | | 630 | | | 93,090 | | 105,135 | | | 104,836 | | 117,137 |
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| Schedule of maturity of loans and borrowings |
The following are the maturities of loans and borrowing as of December 31, 2025: | | | | | | | | | | | | | Up to 1 | | | | | | | | | | | year | | 1 - 5 years | | 5-10 years | | > 10 years | | Total | Local currency | | | | | | | | | | | Bonds | | 223 | | 1,675 | | 1,181 | | 1,906 | | 4,985 | Commercial and syndicated loan | | 563 | | 3,914 | | 1,647 | | 75 | | 6,199 | Lease liabilities | | 141 | | 580 | | 96 | | 1 | | 818 | | | 927 | | 6,169 | | 2,924 | | 1,982 | | 12,002 | Foreign currency | | | | | | | | | | | Bonds | | 4,896 | | 27,658 | | 29,195 | | 17,473 | | 79,222 | Commercial and syndicated loans and lease liabilities | | 3,529 | | 12,024 | | 1,621 | | 74 | | 17,248 | Loans from related parties | | 728 | | — | | — | | — | | 728 | | | 9,153 | | 39,682 | | 30,816 | | 17,547 | | 97,198 | | | 10,080 | | 45,851 | | 33,740 | | 19,529 | | 109,200 |
The following are the maturities of loans and borrowing as of December 31, 2024: | | | | | | | | | | | | | Up to 1 | | | | | | | | | | | year | | 1 - 5 years | | 5-10 years | | > 10 years | | Total | Local currency | | | | | | | | | | | Bonds | | 375 | | 1,256 | | 1,385 | | 2,177 | | 5,193 | Commercial and syndicated loan | | 554 | | 3,299 | | 1,324 | | 125 | | 5,302 | Lease liabilities | | 225 | | 441 | | 209 | | 1 | | 876 | | | 1,154 | | 4,996 | | 2,918 | | 2,303 | | 11,371 | Foreign currency | | | | | | | | | | | Bonds | | 5,548 | | 24,886 | | 37,937 | | 20,510 | | 88,881 | Commercial and syndicated loans | | 3,632 | | 13,827 | | 462 | | 333 | | 18,254 | Loans from related parties | | 829 | | — | | — | | — | | 829 | Lease liabilities | | 125 | | 251 | | 205 | | 49 | | 630 | | | 10,134 | | 38,964 | | 38,604 | | 20,892 | | 108,594 | | | 11,288 | | 43,960 | | 41,522 | | 23,195 | | 119,965 |
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| Schedule of Breakdown by type of interest rate and currency |
| | | | | | | 2025 | | 2024 | Local currency | | | | | Fixed rate | | 1,688 | | 1,800 | Floating rate | | 10,314 | | 9,571 | | | 12,002 | | 11,371 | Foreign currency | | | | | Fixed rate | | 70,864 | | 83,481 | Floating rate | | 26,334 | | 25,113 | | | 97,198 | | 108,594 | | | 109,200 | | 119,965 |
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