BORROWINGS AND FINANCING (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Notes and other explanatory information [abstract] |
|
| Schedule of borrowings and financing |
| Schedule of borrowings and financing |
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Consolidated |
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|
Current Liabilities |
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Non-current Liabilities |
| |
|
|
12/31/2025 |
|
12/31/2024 |
|
12/31/2025 |
|
12/31/2024 |
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| Foreign Debt |
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| Floating Rates in USD |
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|
|
|
|
|
|
|
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| Prepayment |
|
|
3,236,980 |
|
2,331,452 |
|
5,601,328 |
|
7,585,516 |
| Fixed Rates in USD |
|
|
|
|
|
|
|
|
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| Bonds, Facility and ACC |
|
|
4,034,971 |
|
2,804,036 |
|
20,152,704 |
|
24,162,280 |
| Fixed interest in EUR |
|
|
|
|
|
|
|
|
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| Facility |
|
|
637,083 |
|
657,980 |
|
234,411 |
|
305,556 |
| |
|
|
7,909,034 |
|
5,793,468 |
|
25,988,443 |
|
32,053,352 |
| |
|
|
|
|
|
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| Debt agreements in BRL |
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| Floating Rate Securities |
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| BNDES/FINAME/FINEP, Debentures, CRI and NCE |
|
|
2,613,940 |
|
3,109,090 |
|
17,081,203 |
|
16,602,668 |
| |
|
|
2,613,940 |
|
3,109,090 |
|
17,081,203 |
|
16,602,668 |
| Total Borrowings and Financing |
|
|
10,522,974 |
|
8,902,558 |
|
43,069,646 |
|
48,656,020 |
| Transaction Costs and Issue Premiums |
|
|
(94,415) |
|
(80,879) |
|
(573,658) |
|
(563,078) |
| Total Borrowings and Financing + Transaction cost |
|
|
10,428,559 |
|
8,821,679 |
|
42,495,988 |
|
48,092,942 |
|
| Schedule of reconciliation of the book value |
| Schedule of reconciliation of the book
value |
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Consolidated |
| |
|
Ref. |
|
12/31/2025 |
|
12/31/2024 |
| Opening balance |
|
|
|
56,914,621 |
|
44,859,075 |
| New debts |
|
|
|
11,121,708 |
|
10,180,554 |
| Repayment |
|
|
|
(11,717,772) |
|
(6,927,383) |
| Payments of charges |
|
|
|
(4,267,926) |
|
(4,052,226) |
| Accrued charges |
|
30 |
|
4,314,121 |
|
4,230,413 |
| Acquisition of stakes in subsidiaries |
|
3 |
|
641,574 |
|
|
| Iron ore prepayment (1) |
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|
|
66,717 |
|
|
| Amortization of iron ore prepayments (1) |
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|
|
(66,717) |
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| Other (2) |
|
|
|
(4,081,779) |
|
8,624,188 |
| Closing balance |
|
|
|
52,924,547 |
|
56,914,621 |
| (1) |
They refer to iron ore prepayment bonds that were initially recognized as advances from customers, as they refer to a future obligation
to deliver the product. However, given the impossibility of delivering the product during the period and the need for a cash settlement,
this obligation came to be characterized as a monetary item and was reclassified as financial liability. These amounts were fully settled
for the period. |
| (2) |
Amounts include unrealized changes in exchange rate and inflation, as well as costs of capital raising. |
|
| Schedule of amortized borrowings and financing |
| Schedule of amortized borrowings and financing |
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Consolidated |
| |
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|
12/31/2025 |
| Nature |
|
New debts |
|
Maturities |
|
Repayment |
|
Interest payment |
| Pre-Payment |
|
2,490,399 |
|
2027 |
|
(2,207,681) |
|
(611,401) |
| Bonds, Foreign Exchange Contract and Facility |
|
5,024,598 |
|
2026 to 2028 |
|
(5,164,712) |
|
(1,569,845) |
| BNDES/FINAME/FINEP, Debentures, CRI and NCE |
|
3,606,711 |
|
2026 to 2042 |
|
(4,345,379) |
|
(2,086,680) |
| |
|
11,121,708 |
|
|
|
(11,717,772) |
|
(4,267,926) |
| |
|
|
|
|
|
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Consolidated |
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|
|
|
|
|
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|
12/31/2024 |
| Nature |
|
New debts |
|
Maturities |
|
Repayment |
|
Interest payment |
| Pre-Payment |
|
1,368,163 |
|
2027 |
|
(910,098) |
|
(601,576) |
| Bonds, ACC, CCE and Facility |
|
5,764,390 |
|
2024 to 2027 |
|
(3,895,219) |
|
(1,545,960) |
| BNDES/FINAME/FINEP, debentures, NCE, Facility and CCB |
|
3,048,001 |
|
2024 to 2029 |
|
(2,122,066) |
|
(1,904,690) |
| |
|
10,180,554 |
|
|
|
(6,927,383) |
|
(4,052,226) |
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| Schedule of maturities of borrowings and financing |
| Schedule of maturities of borrowings and financing |
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Consolidated |
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|
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|
|
12/31/2025 |
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|
In foreign currency |
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In national currency |
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Total |
| Average rate |
|
US$ 6.42% € 3.53% |
|
R$ 16.1% |
|
| 2026 |
|
7,909,035 |
|
2,613,938 |
|
10,522,973 |
| 2027 |
|
3,890,494 |
|
3,915,457 |
|
7,805,951 |
| 2028 |
|
8,891,443 |
|
2,509,911 |
|
11,401,354 |
| 2029 |
|
564,742 |
|
1,909,546 |
|
2,474,288 |
| 2030 |
|
4,319,384 |
|
1,632,412 |
|
5,951,796 |
| 2031 |
|
5,144,744 |
|
1,460,420 |
|
6,605,164 |
| After 2031 |
|
3,177,635 |
|
5,653,459 |
|
8,831,094 |
| |
|
33,897,477 |
|
19,695,143 |
|
53,592,620 |
| |
|
|
|
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Consolidated |
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|
|
|
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|
12/31/2024 |
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In foreign currency |
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In national currency |
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Total |
| Average rate |
|
US$
6.63% € 4.13% |
|
R$ 14.17% |
|
| 2025 |
|
5,793,468 |
|
3,109,090 |
|
8,902,558 |
| 2026 |
|
3,743,647 |
|
2,451,482 |
|
6,195,129 |
| 2027 |
|
3,092,488 |
|
3,960,658 |
|
7,053,146 |
| 2028 |
|
9,587,952 |
|
2,129,007 |
|
11,716,959 |
| 2029 |
|
661,132 |
|
1,088,655 |
|
1,749,787 |
| 2030 to 2032 |
|
14,522,803 |
|
4,087,733 |
|
18,610,536 |
| After 2032 |
|
445,330 |
|
2,885,133 |
|
3,330,463 |
| |
|
37,846,820 |
|
19,711,758 |
|
57,558,578 |
|