v3.26.1
FINANCIAL INCOME/(EXPENSE) (Tables)
12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Schedule of financial income expenses
           
             Consolidated 
  Ref. 12/31/2025   12/31/2024   12/31/2023
Financial income            
 Related parties   24.b  311,335    245,336   225,149
 Income from financial investments     1,034,063    952,779   826,028
 Updated shares – Fair value through profit or loss   15.d        308,309
 Dividends receivable     7,663    2,512    52,516
 Interest and fines     69,934    77,480    82,634
 Other income     93,812    119,956   161,111
Total financial income     1,516,807   1,398,063    1,655,747
Financial expenses            
Borrowings and financing - foreign currency 14 (2,221,823)    (2,334,763)   (1,567,508)
Borrowings and financing - local currency 14 (2,092,298)    (1,895,650)   (2,096,805)
Capitalized interest  11 403,302    206,764   182,799
Updated shares – Fair value through profit or loss 15.d (57,562)   (632,612)    
Related parties 24.b (4,528)   (6,602)   (8,249)
Lease liabilities    (105,771)   (94,034)   (76,514)
Interest and fines    (186,329)   (119,765)    (146,222)
Interest on forfaiting operations    (184,692)   (363,538)    (465,574)
(-) Adjusted present value of trade payables    (493,244)   (354,027)    (353,774)
Commission, bank fees, guarantee and bank fees    (193,304)   (373,859)    (199,505)
PIS/COFINS over financial income   (79,483)   (122,263)   (87,144)
Other financial expenses   (1,236,843)   (873,918)    (533,581)
Total financial expenses    (6,452,575)    (6,964,267)   (5,352,077)
Others financial items, net            
Foreign exchange and monetary variation, net   (1,340,576)    483,489    (524,302)
Gains and (losses) on exchange derivatives (*)    (218,503)   (750,102)    69,250
Exchange rate fluctuations in iron ore 15.c (1,345)    19,445    
Total others financial items, net   (1,560,424)   (247,167)    (455,052)
Financial income (expenses)   (8,012,999)    (7,211,434)   (5,807,129)
             
Financial income (expenses), net   (6,496,192)    (5,813,371)   (4,151,382)
             
(*) Statement of gains and (losses) on derivative transactions (note 15.c)            
Exchange rate swap Real x Dollar    (180,672)    188,364   (96,602)
Exchange rate swap Dollar x Euro             9,567
Interest rate swap CDI x IPCA   (69,762)   (791,937)   112,694
Exchange rate swap CDI x Dollar     31,931   (146,529)    43,591
Total    (218,503)   (750,102)    69,250