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Brigadeiro Faria Lima, 3400 – 20th floor 04538-132 São Paulo, SP BR Antonio Marco Campos Rabello 55  3049-7585 invrel@csn.com.br Av. Brigadeiro Faria Lima, 3400 – 20th floor 04538-132 São Paulo, SP BR American Depositary Shares (as evidenced by American Depositary Receipts), each representing one share of Common Stock SID NYSE 1326093947 Yes No Yes Yes Large Accelerated Filer false true false International Financial Reporting Standards false true <span style="background-color: white">Risk Management and Strategy</span><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90E_ecyd--CybersecurityRiskManagementProcessesIntegratedTextBlock_c20250101__20251231_zMu191QxO5cf">Our cybersecurity risk management strategy establishes guidelines for information security, control and monitoring designed to adequately protect our information assets, ensuring the <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_905_ecyd--CybersecurityRiskManagementProcessesIntegratedFlag_dbT_c20250101__20251231_zj2tzCYHBwr">integrity</span>, availability, and confidentiality of the information processed and stored in our IT systems and other technological resources.</span> We have implemented structured processes to manage risks arising from cybersecurity threats, which are formally documented in our information security policy.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in">We apply cybersecurity solutions and procedures to ensure the appropriate handling, collection, protection, and availability of data and information used across our corporate systems.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in">O<span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_901_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_dbT_c20250101__20251231_zwyLsrWAcdT8">ur IT department is responsible for maintaining and promoting the effective implementation of our cybersecurity policy, as well as for educating users on applicable information security requirements.</span> These rules apply to all users, including those within our subsidiaries that operate under different IT environments, whether more or less integrated with the broader organization.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_904_ecyd--CybersecurityRiskThirdPartyOversightAndIdentificationProcessesFlag_dbT_c20250101__20251231_zTIrCKxIQdMj">As part of our risk management strategy, we engage a cybersecurity service provider certified under ISO27001 and ISAE3402 standards to support the management of our cybersecurity controls and procedures. In addition, we adopt the Control Objectives for Information and Related Technologies framework, developed by the Information Systems Audit and Control Association, to guide our IT governance practices.</span> <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_901_ecyd--CybersecurityRiskThirdPartyOversightAndIdentificationProcessesFlag_dbT_c20250101__20251231_z31qNH8GfiMf">We also continuously assess and monitor material cybersecurity risks associated with our <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90C_ecyd--CybersecurityRiskManagementThirdPartyEngagedFlag_dbT_c20250101__20251231_zv2Wd9aMbMK">third-party service providers</span>.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in">With respect to cybersecurity processes and tools, we have a security operations center, supported by event correlation tools and malware detection and response solutions. We have established governance committees and invest in multi-factor authentication solutions, user awareness programs, and immutable backup technologies.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in">We conduct quarterly internal vulnerability assessments in collaboration with our outsourced service provider, as well as annual penetration tests performed by external companies. Based on the findings of these tests, we develop and implement action plans to mitigate identified risks. All information security incidents are recorded, monitored, and addressed on a monthly basis, with reports presented by our security operations center.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in">In recent years, we have not experienced any cybersecurity incidents resulting in service downtime, material damage, or data breaches.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in">In December 2024, our Volta Redonda and Porto Real plants obtained the Trusted Information Security Assessment Exchange, or TISAX certification. TISAX is an information security assessment and exchange mechanism that enables mutual recognition of assessment results among participating organizations. This certification is valid for a three-year period.</p> Our cybersecurity risk management strategy establishes guidelines for information security, control and monitoring designed to adequately protect our information assets, ensuring the <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_905_ecyd--CybersecurityRiskManagementProcessesIntegratedFlag_dbT_c20250101__20251231_zj2tzCYHBwr">integrity</span>, availability, and confidentiality of the information processed and stored in our IT systems and other technological resources. true true true true true <span style="background-color: white">Governance</span><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_907_ecyd--CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_c20250101__20251231_zDZwkRNBXzoc">We have an information security work group composed of members from our information technology, risk, and compliance teams. Our information security work group is led by our information security and information technology infrastructure manager, Mr. Leandro Oliveira Barcelos. Mr. Barcelos is a professional with over 30 years of experience in information technology, including significant experience in information security, governance and risk management. All relevant cybersecurity threats and risks are regularly reported to our audit committee</span> <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_907_ecyd--CybersecurityRiskProcessForInformingBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_c20250101__20251231_zHe1QRt1kCUd">Our <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_905_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_dbT_c20250101__20251231_zxDOk4RkZc43">audit committee</span> holds periodic meetings focused on ensuring compliance with the responsibilities established under applicable laws and its internal operating charter.</span> <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_901_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleTextBlock_c20250101__20251231_zRk3aVCcLFyl">As necessary, our audit committee determines the engagement of external consultants, legal counsel, accountants, experts, and other independent professionals to support the performance of its duties.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_902_ecyd--CybersecurityRiskRoleOfManagementTextBlock_c20250101__20251231_zkkjeWYrq12d">We assess our strategic, operational, financial, and regulatory risks through our audit, risk, and compliance executive board. In this context, our main risk factors, including those arising from cybersecurity threats, are consolidated every two years and evaluated based on their likelihood of occurrence and potential impacts to us.</span> <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_901_ecyd--CybersecurityRiskProcessForInformingManagementOrCommitteesResponsibleTextBlock_c20250101__20251231_zQ7OycgmwbAc">Based on this risk assessment, the <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90E_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleReportToBoardFlag_dbT_c20250101__20251231_zRHSvOq1DxMe">business areas responsible</span> for managing the relevant processes implement action plans aimed at mitigating these risks and preventing material adverse effects.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in">Our cybersecurity policy is implemented across all our Brazilian subsidiaries. Our international subsidiaries are responsible for implementing cybersecurity controls in compliance with applicable local laws and regulations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0.25in">For more information, see “Item 3. Key Information—3D. Risk Factors—Risks Relating to Us and the Industries in Which <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_908_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantTextBlock_c20250101__20251231_z34P8yA14Ud6">We Operate—Failures in or interruptions to our telecommunications, information technology systems or automated machinery could adversely affect us” and “—Unauthorized access to or release or violation of our or our business partners’ systems and data could <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_904_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_dbT_c20250101__20251231_zD1vz9wOQK46">materially and adversely affect us</span>.”</span></p> We have an information security work group composed of members from our information technology, risk, and compliance teams. Our information security work group is led by our information security and information technology infrastructure manager, Mr. Leandro Oliveira Barcelos. Mr. Barcelos is a professional with over 30 years of experience in information technology, including significant experience in information security, governance and risk management. All relevant cybersecurity threats and risks are regularly reported to our audit committee Our <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_905_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_dbT_c20250101__20251231_zxDOk4RkZc43">audit committee</span> holds periodic meetings focused on ensuring compliance with the responsibilities established under applicable laws and its internal operating charter. true As necessary, our audit committee determines the engagement of external consultants, legal counsel, accountants, experts, and other independent professionals to support the performance of its duties. We assess our strategic, operational, financial, and regulatory risks through our audit, risk, and compliance executive board. In this context, our main risk factors, including those arising from cybersecurity threats, are consolidated every two years and evaluated based on their likelihood of occurrence and potential impacts to us. Based on this risk assessment, the <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90E_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleReportToBoardFlag_dbT_c20250101__20251231_zRHSvOq1DxMe">business areas responsible</span> for managing the relevant processes implement action plans aimed at mitigating these risks and preventing material adverse effects. true We Operate—Failures in or interruptions to our telecommunications, information technology systems or automated machinery could adversely affect us” and “—Unauthorized access to or release or violation of our or our business partners’ systems and data could <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_904_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_dbT_c20250101__20251231_zD1vz9wOQK46">materially and adversely affect us</span>.” true Forvis Mazars Auditors Independentes S.S. 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2479943000 2479943000 2479943000 -321341000 -321341000 -321341000 350435000 350435000 157367000 507802000 27052000 27052000 27052000 -787905000 -787905000 -264337000 -264337000 -1799385000 1799385000 1170000 1170000 70597000 70597000 10240000000 2056970000 -202989000 782078000 12876059000 2860291000 15736350000 15736350000 <p id="xdx_809_ecustom--DisclosureOfDescriptionOfBusinessExplanatory_zwDtr5CNffMb" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>1.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_822_zdtYI7Apje0a">DESCRIPTION OF BUSINESS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Companhia Siderúrgica Nacional (“CSN”, “Company” or “Parent company”) is a publicly held corporation, headquartered in the capital of the State of São Paulo. Founded on April 9, 1941, during the Getúlio Vargas government, the Company was privatized in 1993.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The CSN Group, together with its subsidiaries, controlled entities, jointly controlled entities and affiliates (referred to as "Group" or “CSN Group”), operates in five main business segments:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">i)</td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Steel industry: production and marketing of flat and long steels</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">ii)</td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Mining: extraction, processing and marketing of iron ore, tin, limestone and dolomite</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">iii)</td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Cement: production and commercialization of bagged and bulk cement, in addition to aggregates, concrete, and other related products</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">iv)</td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Energy: generation and sale of energy from almost all renewable sources and</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">v)</td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Logistics: participation in railways, port concession and road fleet. </span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN is listed on B3 S.A. – Brasil, Bolsa, Balcão, under the code CSNA3, and on the NYSE - New York Stock Exchange, under the code SID. Besides that, its subsidiaries CSN Mineração S.A., FTL Ferrovia Transnordestina Logística S.A. and Companhia Estadual de Geração de Energia Elétrica – CEEE-G, are publicly traded companies in Brazil, with CSN Mineração S.A. trading common shares on B3 under the code CMIN3.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The CSN Group has a significantly diversified business, being one of Brazil's leading steel producers, the second largest exporter of iron ore and a pioneer in the stacking of tailings to de-characterize dams. It also occupies the position of the second largest player in the cement sector in the country.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 14.2pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Going Concern:</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Management understands that the Company has adequate resources to continue its operations. Accordingly, the Company's financial statements for the year ended December 31, 2025 have been prepared on a going concern basis.</p> <p id="xdx_802_ecustom--DisclosuresOfSummaryOfSignificantAccountingPoliciesExplanatory_zQ8c4fXr94Zk" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>2.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_82F_zDWSWdHFbLY5">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span></b></span></td></tr></table> <p id="xdx_840_eifrs-full--DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory_z2CJxYHb7HQe" style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt">2.a)</td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span id="xdx_862_zEC5kT3z3uef">Declaration of Conformity</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The consolidated financial statements have been prepared and are being presented in accordance with IFRS Accounting Standards (“IFRS”) issued by the International Accounting Standard Board (IASB) and highlight all the relevant information at the financial statements, and only this information, which correspond to those used by the Company's management in its activities.</p> <p id="xdx_842_eifrs-full--DisclosureOfBasisOfConsolidationExplanatory_z24Ib51lb6Vd" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>2.b)<span style="font-family: Helvetica light,serif"></span></b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_86F_zPlPOYpHWSYe">Basis of Presentation</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The financial statements have been prepared on a historical cost basis and adjusted to reflect: (i) the fair value measurement of certain financial assets and liabilities (including derivative instruments), as well as pension plan assets and (ii) impairment losses. When IFRS allows the option between acquisition cost or another measurement criterion, the acquisition cost criterion was used.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The preparation of these financial statements requires Management to use certain accounting estimates, judgments, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, revenues, and expenses as of the balance sheet date, which may differ from actual future results. The assumptions used are based on historical data and other factors considered relevant and are reviewed by the Company's Management.</p> <p style="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The keys sources of estimation uncertainty are presented in the following explanatory notes:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 03 – Business combination</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 13 – Impairment of assets</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 15 – Financial instruments (derivatives and hedge accounting)</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 20 – Income tax and social contribution (deferred taxes)</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 22 – Tax, social security, labor, civil, environmental provisions and judicial deposits</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 23 – Provision for environmental liabilities and decommissioning</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 32 – Employee benefits</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The consolidated financial statements were approved by Management on April 30, 2026.</p> <p id="xdx_842_eifrs-full--DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_zuJzwvy3DNrk" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>2.c)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_86A_zxK64DJ9gpH5">Functional Currency and Presentation Currency</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The accounting records included in the financial statements of each of the Company's subsidiaries are measured using the currency of the main economic environment in which each subsidiary operates ("functional currency"). The consolidated financial statements are presented in R$ (Reais), which is the Company's functional currency and the Group's presentation currency.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Transactions in foreign currencies are translated into the functional currency using the exchange rates prevailing on the dates of the transactions or valuation, in which the items are remeasured. The balances of the asset and liability accounts are translated at the exchange rate on the balance sheet date. As of December 31, 2025, US$ <span id="xdx_901_ecustom--ExchangeRates_iI_pip0_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember_zOpbs9j9PVwk" title="Exchange rates">1</span> is equivalent to R$ <span id="xdx_90B_ecustom--ExchangeRates_iI_pip0_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfBRLMember_z6Y1UVylOIIe" title="Exchange rates">5.5024</span> (R$ <span id="xdx_901_ecustom--ExchangeRates_iI_pip0_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfBRLMember_zmJDXpDsapeb" title="Exchange rates">6.1923</span> on December 31, 2024) and €<span id="xdx_90E_ecustom--ExchangeRates_iI_pip0_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_zQc5Q3uRXiQb" title="Exchange rates">1</span> is equivalent to R$ <span id="xdx_904_ecustom--ExchangeRates_iI_pip0_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfBRLMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrazilianCentralBankMember_zr6YOVu8lzKf" title="Exchange rates">6.4692</span> (R$ <span id="xdx_90A_ecustom--ExchangeRates_iI_pip0_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfBRLMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrazilianCentralBankMember_zzwUHdcDYqk7" title="Exchange rates">6.4363</span> on December 31, 2024), according to rates extracted from the website of the Central Bank of Brazil.</p> <p id="xdx_846_eifrs-full--DisclosureOfChangesInAccountingPoliciesExplanatory_zQz36D3e2xJ8" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>2.d)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_86B_zh0uITBwOmP6">Material Accounting Policies</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The significant accounting policies applied in the preparation of these financial statements have been included in the respective notes and are consistent for all years presented.</p> <p id="xdx_84D_eifrs-full--DescriptionOfInitialApplicationOfStandardsOrInterpretations_zvEJbwPgLlo" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>2.e)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_86E_za7ME8tfwUs8">Adoption of New Requirements, Standards, Amendments, Orientations and Interpretations</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The new requirements, standards, changes, orientations and interpretations that came into effect for fiscal years beginning on January 1, 2025, were:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Amendments to IAS 21 – The Effects of Changes in Foreign Exchange Rates</span></b>: establishes specific guidelines for the measurement and disclosure of transactions and balances in foreign currency whenever there is no observable exchange rate due lack of exchangeability between currencies. This amendment establishes criteria for estimating the applicable exchange rate in such circumstances.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The new requirements, standards, changes, orientations and interpretations that came into effect for fiscal years beginning on January 1, 2026, were:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information:</span></b> established requirements for the disclosure of risks and opportunities related to sustainability over the short, medium and long term that may affect the entity's cash flows, access to financing, and the cost of capital. The Company will use the initial adoption reliefs and will disclose this information in accordance with the standard as of the year beginning January 1, 2027.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">IFRS S2 – Climate-related Disclosure:</span></b> establishes requirements for the disclosure of climate-related risks and opportunities that have a material impact on the Company's financial statements. The main expected impact of adopting such a standard is the establishment of connections between climate-related risks and opportunities previously disclosed on the market through other reports and financial statements and their respective projections. Adoption of these standards will begin with the fiscal year starting January 1, 2026, and the Company is currently in an intermediary stage of implementing such a pronouncement.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Amendments to IFRS 9 and IFRS 7 – Classification and Measurement of Financial Instruments:</span></b> introduces specific clarifications on the assessment of the characteristics of contractual cash flows and on the derecognition of financial liabilities, in addition to expanding disclosure requirements applicable to certain financial instruments.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Amendments to IFRS 9 and IFRS 7 –Nature-dependent Electricity</span></b><span style="text-decoration: underline">:</span> provides clarifications for the accounting treatment applicable to electricity purchase and sale contracts for which volume or price is linked to natural factors, such as weather conditions.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Amendments to IAS 21 – Translation to a Hyperinflationary Presentation Currency</span></b><span style="text-decoration: underline">:</span> provides clarifications regarding criteria for translating financial statements whenever the functional currency is part of a hyperinflated economy and the entity in question presents its information in a different currency.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Annual Improvements to IFRS – Volume 11. The adoption is defined for fiscal years beginning on January 1, 2026, with the possibility of early adoption: </span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman,serif; width: 100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>i)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b><span style="text-decoration: underline">IFRS 1 - First-time Adoption of International Financial Reporting Standards</span></b> The changes aim to clarify issues related to the first application of the standards, ensuring a smoother adoption for companies</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman,serif; width: 100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>ii)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b><span style="text-decoration: underline">IFRS 7 - Financial Instruments. Disclosures and its accompanying Guidance on implementing IFRS 7:</span></b> The amendments are intended to improve guidance on financial statement disclosures about financial instruments and to clarify the implementation of certain requirements</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman,serif; width: 100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>iii)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b><span style="text-decoration: underline">IFRS 9 - Financial Instruments:</span></b> The modifications aim to correct inconsistencies or provide more clarity on the application of certain provisions of this standard, especially related to the measurement and classification of financial instruments.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman,serif; width: 100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>iv)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b><span style="text-decoration: underline">IFRS 10 - Consolidated Financial Statements:</span></b> The improvements address minor issues regarding the application of control and the determination of when an entity should consolidate its subsidiaries</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman,serif; width: 100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>v)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b><span style="text-decoration: underline">IAS 7 - Statement of Cash Flows:</span></b> The changes are made to improve clarity in the guidance on the presentation of cash flows, especially in relation to financing activities and the classification of certain flows.</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">IFRS 18 – Presentation and Disclosure in Financial Statements:</span></b> establishes new requirements for the presentation and disclosure of Income Statements and replaces the current presentation requirements provided for in IAS 1. This standard introduces improved principles for the aggregation, disaggregation and classification of information, in addition to requiring the disclosure, as part of an explanatory note, of performance measures defined by management that meet established criteria to increase the comparability and transparency of the financial statements. Based on the analyses carried out so far, the Company estimates that the main potential impacts are related to the presentation of profit or loss, possible reflections in the Statement of Cash Flows, and to the expansion of the disclosures in the explanatory note, including the reconciliation of measures such as adjusted EBITDA. This standard will be adopted for the fiscal year starting on January 1, 2027, and the Company has already started a project for implementation of the standard<b>.</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">IFRS 19 – Subsidiaries without Public Accountability: Disclosures:</span></b> An eligible subsidiary applies the requirements of other IFRS Standards, except for disclosure requirements, applying instead the reduced disclosure requirements of IFRS 19. The reduced disclosure requirements of IFRS 19 balance the information needs of users of the financial statements of eligible subsidiaries with cost savings for preparers. Mandatory adoption is defined for fiscal years beginning January 1, 2027.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">No impacts other than those mentioned above were identified regarding the Company's accounting recognition, measurement and disclosure on the base date and in subsequent years.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Brazilian Tax Reform:</span></b> Constitutional Amendment 132/2023, which is regulated in part by Complementary Law No. 214/2025 introduced profound changes in Brazil’s national tax system. A long transition period will be implemented between 2026 and 2032. The Company recognizes the complexity of these changes and is committed to making every effort necessary to ensure its full compliance with established provisions. In this context, Management actively monitors developments in the tax reform process, evaluating potential impacts on the Company's operation and financial results. Planning and execution of adaptation measures will include investments in technology, training of teams and the review of processes, with the objective of mitigating risks and ensuring compliance with new legal requirements. The impacts of the new tax rules will only be fully apparent once pending regulatory matters are finalized. As a result, Brazil’s Tax Reform did not affect the Company’s financial statements as of December 31, 2025.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">International Tax Reform:</span></b> On May 23, 2023, the International Accounting Standards Board issued International Tax Reform - Pillar Two Model Rules - Amendments to IAS 12, which clarifies that IAS 12 applies to income taxes arising from tax legislation enacted or substantially enacted to implement the Pillar Two model rules published by the OECD, including tax legislation implementing Qualified Domestic Top-up Minimum Taxes. The Group adopted these amendments, considering that consolidated revenue is above the minimum limit of <span id="xdx_907_ecustom--RevenueFromMinimumLimit_iI_pip0_c20230523__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_zH9JjcPST11l" title="Revenue from minimum limit">750,000</span> euros.</p> <p id="xdx_840_eifrs-full--DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory_z2CJxYHb7HQe" style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt">2.a)</td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span id="xdx_862_zEC5kT3z3uef">Declaration of Conformity</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The consolidated financial statements have been prepared and are being presented in accordance with IFRS Accounting Standards (“IFRS”) issued by the International Accounting Standard Board (IASB) and highlight all the relevant information at the financial statements, and only this information, which correspond to those used by the Company's management in its activities.</p> <p id="xdx_842_eifrs-full--DisclosureOfBasisOfConsolidationExplanatory_z24Ib51lb6Vd" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>2.b)<span style="font-family: Helvetica light,serif"></span></b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_86F_zPlPOYpHWSYe">Basis of Presentation</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The financial statements have been prepared on a historical cost basis and adjusted to reflect: (i) the fair value measurement of certain financial assets and liabilities (including derivative instruments), as well as pension plan assets and (ii) impairment losses. When IFRS allows the option between acquisition cost or another measurement criterion, the acquisition cost criterion was used.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The preparation of these financial statements requires Management to use certain accounting estimates, judgments, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, revenues, and expenses as of the balance sheet date, which may differ from actual future results. The assumptions used are based on historical data and other factors considered relevant and are reviewed by the Company's Management.</p> <p style="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The keys sources of estimation uncertainty are presented in the following explanatory notes:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 03 – Business combination</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 13 – Impairment of assets</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 15 – Financial instruments (derivatives and hedge accounting)</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 20 – Income tax and social contribution (deferred taxes)</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 22 – Tax, social security, labor, civil, environmental provisions and judicial deposits</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 23 – Provision for environmental liabilities and decommissioning</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Note 32 – Employee benefits</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The consolidated financial statements were approved by Management on April 30, 2026.</p> <p id="xdx_842_eifrs-full--DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_zuJzwvy3DNrk" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>2.c)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_86A_zxK64DJ9gpH5">Functional Currency and Presentation Currency</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The accounting records included in the financial statements of each of the Company's subsidiaries are measured using the currency of the main economic environment in which each subsidiary operates ("functional currency"). The consolidated financial statements are presented in R$ (Reais), which is the Company's functional currency and the Group's presentation currency.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Transactions in foreign currencies are translated into the functional currency using the exchange rates prevailing on the dates of the transactions or valuation, in which the items are remeasured. The balances of the asset and liability accounts are translated at the exchange rate on the balance sheet date. As of December 31, 2025, US$ <span id="xdx_901_ecustom--ExchangeRates_iI_pip0_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember_zOpbs9j9PVwk" title="Exchange rates">1</span> is equivalent to R$ <span id="xdx_90B_ecustom--ExchangeRates_iI_pip0_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfBRLMember_z6Y1UVylOIIe" title="Exchange rates">5.5024</span> (R$ <span id="xdx_901_ecustom--ExchangeRates_iI_pip0_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfBRLMember_zmJDXpDsapeb" title="Exchange rates">6.1923</span> on December 31, 2024) and €<span id="xdx_90E_ecustom--ExchangeRates_iI_pip0_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_zQc5Q3uRXiQb" title="Exchange rates">1</span> is equivalent to R$ <span id="xdx_904_ecustom--ExchangeRates_iI_pip0_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfBRLMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrazilianCentralBankMember_zr6YOVu8lzKf" title="Exchange rates">6.4692</span> (R$ <span id="xdx_90A_ecustom--ExchangeRates_iI_pip0_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfBRLMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrazilianCentralBankMember_zzwUHdcDYqk7" title="Exchange rates">6.4363</span> on December 31, 2024), according to rates extracted from the website of the Central Bank of Brazil.</p> 1 5.5024 6.1923 1 6.4692 6.4363 <p id="xdx_846_eifrs-full--DisclosureOfChangesInAccountingPoliciesExplanatory_zQz36D3e2xJ8" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>2.d)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_86B_zh0uITBwOmP6">Material Accounting Policies</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The significant accounting policies applied in the preparation of these financial statements have been included in the respective notes and are consistent for all years presented.</p> <p id="xdx_84D_eifrs-full--DescriptionOfInitialApplicationOfStandardsOrInterpretations_zvEJbwPgLlo" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>2.e)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_86E_za7ME8tfwUs8">Adoption of New Requirements, Standards, Amendments, Orientations and Interpretations</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The new requirements, standards, changes, orientations and interpretations that came into effect for fiscal years beginning on January 1, 2025, were:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Amendments to IAS 21 – The Effects of Changes in Foreign Exchange Rates</span></b>: establishes specific guidelines for the measurement and disclosure of transactions and balances in foreign currency whenever there is no observable exchange rate due lack of exchangeability between currencies. This amendment establishes criteria for estimating the applicable exchange rate in such circumstances.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The new requirements, standards, changes, orientations and interpretations that came into effect for fiscal years beginning on January 1, 2026, were:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information:</span></b> established requirements for the disclosure of risks and opportunities related to sustainability over the short, medium and long term that may affect the entity's cash flows, access to financing, and the cost of capital. The Company will use the initial adoption reliefs and will disclose this information in accordance with the standard as of the year beginning January 1, 2027.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">IFRS S2 – Climate-related Disclosure:</span></b> establishes requirements for the disclosure of climate-related risks and opportunities that have a material impact on the Company's financial statements. The main expected impact of adopting such a standard is the establishment of connections between climate-related risks and opportunities previously disclosed on the market through other reports and financial statements and their respective projections. Adoption of these standards will begin with the fiscal year starting January 1, 2026, and the Company is currently in an intermediary stage of implementing such a pronouncement.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Amendments to IFRS 9 and IFRS 7 – Classification and Measurement of Financial Instruments:</span></b> introduces specific clarifications on the assessment of the characteristics of contractual cash flows and on the derecognition of financial liabilities, in addition to expanding disclosure requirements applicable to certain financial instruments.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Amendments to IFRS 9 and IFRS 7 –Nature-dependent Electricity</span></b><span style="text-decoration: underline">:</span> provides clarifications for the accounting treatment applicable to electricity purchase and sale contracts for which volume or price is linked to natural factors, such as weather conditions.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Amendments to IAS 21 – Translation to a Hyperinflationary Presentation Currency</span></b><span style="text-decoration: underline">:</span> provides clarifications regarding criteria for translating financial statements whenever the functional currency is part of a hyperinflated economy and the entity in question presents its information in a different currency.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Annual Improvements to IFRS – Volume 11. The adoption is defined for fiscal years beginning on January 1, 2026, with the possibility of early adoption: </span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman,serif; width: 100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>i)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b><span style="text-decoration: underline">IFRS 1 - First-time Adoption of International Financial Reporting Standards</span></b> The changes aim to clarify issues related to the first application of the standards, ensuring a smoother adoption for companies</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman,serif; width: 100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>ii)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b><span style="text-decoration: underline">IFRS 7 - Financial Instruments. Disclosures and its accompanying Guidance on implementing IFRS 7:</span></b> The amendments are intended to improve guidance on financial statement disclosures about financial instruments and to clarify the implementation of certain requirements</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman,serif; width: 100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>iii)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b><span style="text-decoration: underline">IFRS 9 - Financial Instruments:</span></b> The modifications aim to correct inconsistencies or provide more clarity on the application of certain provisions of this standard, especially related to the measurement and classification of financial instruments.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman,serif; width: 100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>iv)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b><span style="text-decoration: underline">IFRS 10 - Consolidated Financial Statements:</span></b> The improvements address minor issues regarding the application of control and the determination of when an entity should consolidate its subsidiaries</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman,serif; width: 100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>v)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b><span style="text-decoration: underline">IAS 7 - Statement of Cash Flows:</span></b> The changes are made to improve clarity in the guidance on the presentation of cash flows, especially in relation to financing activities and the classification of certain flows.</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">IFRS 18 – Presentation and Disclosure in Financial Statements:</span></b> establishes new requirements for the presentation and disclosure of Income Statements and replaces the current presentation requirements provided for in IAS 1. This standard introduces improved principles for the aggregation, disaggregation and classification of information, in addition to requiring the disclosure, as part of an explanatory note, of performance measures defined by management that meet established criteria to increase the comparability and transparency of the financial statements. Based on the analyses carried out so far, the Company estimates that the main potential impacts are related to the presentation of profit or loss, possible reflections in the Statement of Cash Flows, and to the expansion of the disclosures in the explanatory note, including the reconciliation of measures such as adjusted EBITDA. This standard will be adopted for the fiscal year starting on January 1, 2027, and the Company has already started a project for implementation of the standard<b>.</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">IFRS 19 – Subsidiaries without Public Accountability: Disclosures:</span></b> An eligible subsidiary applies the requirements of other IFRS Standards, except for disclosure requirements, applying instead the reduced disclosure requirements of IFRS 19. The reduced disclosure requirements of IFRS 19 balance the information needs of users of the financial statements of eligible subsidiaries with cost savings for preparers. Mandatory adoption is defined for fiscal years beginning January 1, 2027.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">No impacts other than those mentioned above were identified regarding the Company's accounting recognition, measurement and disclosure on the base date and in subsequent years.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Brazilian Tax Reform:</span></b> Constitutional Amendment 132/2023, which is regulated in part by Complementary Law No. 214/2025 introduced profound changes in Brazil’s national tax system. A long transition period will be implemented between 2026 and 2032. The Company recognizes the complexity of these changes and is committed to making every effort necessary to ensure its full compliance with established provisions. In this context, Management actively monitors developments in the tax reform process, evaluating potential impacts on the Company's operation and financial results. Planning and execution of adaptation measures will include investments in technology, training of teams and the review of processes, with the objective of mitigating risks and ensuring compliance with new legal requirements. The impacts of the new tax rules will only be fully apparent once pending regulatory matters are finalized. As a result, Brazil’s Tax Reform did not affect the Company’s financial statements as of December 31, 2025.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">International Tax Reform:</span></b> On May 23, 2023, the International Accounting Standards Board issued International Tax Reform - Pillar Two Model Rules - Amendments to IAS 12, which clarifies that IAS 12 applies to income taxes arising from tax legislation enacted or substantially enacted to implement the Pillar Two model rules published by the OECD, including tax legislation implementing Qualified Domestic Top-up Minimum Taxes. The Group adopted these amendments, considering that consolidated revenue is above the minimum limit of <span id="xdx_907_ecustom--RevenueFromMinimumLimit_iI_pip0_c20230523__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_zH9JjcPST11l" title="Revenue from minimum limit">750,000</span> euros.</p> 750000 <p id="xdx_80A_eifrs-full--DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory_zjGX0bpkjWv4" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>3.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_828_zahGjOzLb1y">BUSINESS COMBINATION</span> </b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 18.05pt"></td><td style="width: 18pt"><span style="font-family: Helvetica light,serif"><b>a)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span style="text-decoration: underline">Grupo Estrela</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On April 1, 2025, CSN completed the acquisition of shares representing <span id="xdx_902_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaComercioeParticipacoesS.A.Member_zgmlm6QTGpVk" title="Acquisition interest">70</span>% of Estrela Comércio e Participações S.A.’s ("Estrela”) share capital, a holding company that controls the road transport and multimodal logistics group known as Grupo Estrela (“Grupo Estrela”). This operation was initially carried out for the total amount of R$<span id="xdx_90D_eifrs-full--BorrowingsRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaComercioeParticipacoesS.A.Member_zXSkQRj2ibMk" title="Carried amount">742,500</span>, R$<span id="xdx_905_ecustom--CarriedAmountPaid_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaComercioeParticipacoesS.A.Member_zAr9cNb0MeNj" title="Carried amount paid">300,000</span> of which was paid on the closing date. The remaining balance was paid in three annual payments, which totaled<br/> R$<span id="xdx_90E_eifrs-full--SettledLiabilitiesContingentLiabilitiesRecognisedInBusinessCombination_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaComercioeParticipacoesS.A.Member__ifrs-full--MaturityAxis__custom--March2026Member_z9OyyjJJxKd" title="Payments for remaining balance">111,250</span>, R$<span id="xdx_90F_eifrs-full--SettledLiabilitiesContingentLiabilitiesRecognisedInBusinessCombination_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaComercioeParticipacoesS.A.Member__ifrs-full--MaturityAxis__custom--March2027Member_zzYRX5i97Kqg" title="Payments for remaining balance">111,250</span>, and R$<span id="xdx_901_eifrs-full--SettledLiabilitiesContingentLiabilitiesRecognisedInBusinessCombination_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaComercioeParticipacoesS.A.Member__ifrs-full--MaturityAxis__custom--March2028Member_zWauBiIhAIAb" title="Payments for remaining balance">220,000</span> as of March 2026, 2027, and 2028, respectively. In September 2025, an additional payment of R$<span id="xdx_905_eifrs-full--SettledLiabilitiesContingentLiabilitiesRecognisedInBusinessCombination_pn3n3_c20250901__20250930__ifrs-full--BusinessCombinationsAxis__custom--EstrelaComercioeParticipacoesS.A.Member_zO29A3R1as5" title="Payments for remaining balance">9,994</span> was made through the assignment of shares.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">This acquisition is part of the Company's strategy for expanding and integrating its logistics operations, which focuses on the transportation and handling of large volumes of cargo, especially those linked to the mining, steel and cement market segments. This operation aims to expand CSN's role as a logistics operator, capture operational synergies, and explore the existing infrastructure in the regions in which the Group operates in a more intensive manner.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Estrela Group maintains a historical business relationship with the Company that favors operational integration and the generation of gains in scale.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Acquisition of 70% Estrela Comércio e Participações S.A.’s share capital. (Grupo Estrela)</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On April 1, 2025, CSN completed the acquisition of shares representing <span id="xdx_903_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zyFqQyxNg1Bj" title="Acquisition interest">70</span>% of Estrela Comércio e Participações S.A.’s ("Estrela”) share capital, a holding company that controls the road transport and multimodal logistics group known as Grupo Estrela (“Grupo Estrela”). This operation was initially carried out for the total amount of R$<span id="xdx_90D_eifrs-full--BorrowingsRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zEnuq6BkZk1j" title="Carried amount">742,500</span>, R$<span id="xdx_909_ecustom--CarriedAmountPaid_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zZY9kAyDzyJ9" title="Carried amount paid">300,000</span> of which was paid on the closing date. The remaining balance was paid in three annual payments, which totaled<br/> R$<span id="xdx_902_eifrs-full--SettledLiabilitiesContingentLiabilitiesRecognisedInBusinessCombination_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--MaturityAxis__custom--March2026Member_z6QkfCagS3G2" title="Payments for remaining balance">111,250</span>, R$<span id="xdx_902_eifrs-full--SettledLiabilitiesContingentLiabilitiesRecognisedInBusinessCombination_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--MaturityAxis__custom--March2027Member_zQAHqkOlrbMe" title="Payments for remaining balance">111,250</span>, and R$<span id="xdx_90D_eifrs-full--SettledLiabilitiesContingentLiabilitiesRecognisedInBusinessCombination_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--MaturityAxis__custom--March2028Member_zjEkOa0va1S1" title="Payments for remaining balance">220,000</span> as of March 2026, 2027, and 2028, respectively. In September 2025 an additional payment of R$<span id="xdx_90A_eifrs-full--SettledLiabilitiesContingentLiabilitiesRecognisedInBusinessCombination_pn3n3_c20250901__20250930__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zVmVgSj0dS7f" title="Payments for remaining balance">9,994</span> was made through the assignment of shares.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Estrela is the parent company of several operating companies that provide road transport and intermodal t logistics, storage, equipment rental and related services, including Tora Transportes Ltda., Tora Locações S.A., FJX Transportes S.A., N. Minas Transportes e Locações Ltda., Saratoga Transportes Ltda., Lokamig</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Rent a Car S.A., Seminovos Lokamig Ltda., Tora Logística Armazéns e Terminais Multimodais S.A., Tora Recintos Alfandegários S.A. and Tora Seminovos Comércio de Veículos Ltda.. These companies subsequently became part of the series of companies indirectly controlled by CSN.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN was identified as the acquiror for accounting purposes, after having obtained control of Estrela as of the acquisition date, as a result of holding a majority participation totaling 70% of the voting capital and the ability to direct the acquiree’s financial and operating policies. Estrela and its subsidiaries consequently came to be fully consolidated in the Company's financial statements as of that date.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">(i)        Determining Purchase Price</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In accordance with IFRS 3 – Business Combination, purchase price is determined by the sum of the assets transferred, liabilities incurred, equity interests issued, non-controlling interests, and the fair value of any interest held prior to the transaction.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span style="text-decoration: underline">Percentage Acquired and Voting Capital</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Estrela’s fully subscribed and paid-in share capital as of the acquisition date, consists of <span id="xdx_900_ecustom--ShareCapital_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zRX55zAOJcx" title="Share capital">229,993,768</span> registered common shares without par value. A majority interest, equivalent to <span id="xdx_908_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_z5ouAmFplQ5j" title="Acquisition interest">70</span>% of Estrela’s share capital, was acquired during the transaction in question.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span style="text-decoration: underline">Preliminary calculation of Consideration Transferred and to be Transferred (“Transaction Amount”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The adjusted transaction value totaled R$<span id="xdx_905_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_c20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zbU798uOC9nl" title="Transaction value">752,494</span> and was structured in a single one-time installment and three installments to be paid later, as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--DisclosureOfValueOfConsiderationTransferredExplanatory_pn3n3_zivhHEguHG45" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details)"> <tr> <td style="vertical-align: middle; text-align: center"><span id="xdx_8B3_zIi2jDAGTmn7" style="display: none">Schedule of consideration transferred</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Value of the consideration transferred (R$ thousand)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 66%">Installment</td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 33%">Installment</td> </tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: center">in cash <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="vertical-align: middle"> </td> <td id="xdx_985_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_c20251231__ifrs-full--BusinessCombinationsAxis__custom--InCashMember_zDVdE1DrkZp4" style="vertical-align: middle; text-align: right" title="Transaction value"> 309,994</td> </tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: center">1ª</td> <td style="vertical-align: middle"> </td> <td id="xdx_983_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_c20251231__ifrs-full--BusinessCombinationsAxis__custom--InstallmentOneMember_zuUxUuI4iiZb" style="vertical-align: middle; text-align: right" title="Transaction value"> 111,250</td> </tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: center">2ª</td> <td style="vertical-align: middle"> </td> <td id="xdx_983_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_c20251231__ifrs-full--BusinessCombinationsAxis__custom--InstallmentTwoMember_zPaWGlJoIdr3" style="vertical-align: middle; text-align: right" title="Transaction value"> 111,250</td> </tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: center">3ª</td> <td style="vertical-align: middle"> </td> <td id="xdx_98E_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_c20251231__ifrs-full--BusinessCombinationsAxis__custom--InstallmentThreeMember_zpxw8E5IFAA5" style="vertical-align: middle; text-align: right" title="Transaction value"> 220,000</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Amount paid for 70% of the shares</td> <td style="font-weight: bold"> </td> <td id="xdx_987_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_c20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zDEQ4SKubfXe" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Transaction value"> 752,494</td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt/115% Helvetica light,serif; width: 100%; margin-bottom: 8pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%"><span style="font-size: 8pt">(1)</span></td> <td style="text-align: justify; width: 98%"><span style="font-size: 9pt">an amount of R$300,000 paid in April 2025, more R$9,994 paid in September of 2025.</span></td></tr> </table> <p id="xdx_8AA_zzhXr5TJLzj9" style="font: 9pt/115% Helvetica light,serif; margin: 0 0 8pt; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">(ii)        Fair Value of Assets Acquired and Liabilities Assumed</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The following table presents the allocation of the preliminary fair value of assets acquired and liabilities assumed as of April 1, 2025, considering the Company's direct interests, which were calculated based on reports from independent appraisers.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_893_ecustom--DisclosureOfFairValueOfAssetsAcquiredAndLiabilitiesAssumedExplanatory_pn3n3_zfnUBH89waOc" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 1)"> <tr style="vertical-align: bottom"> <td style="padding-left: 15px; font-weight: bold; text-align: left"><span id="xdx_8BB_z2zsPxKYirua" style="display: none">Schedule of fair value of assets acquired and liabilities assumed</span></td> <td id="xdx_496_20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zgoKxjins4oc" style="font-weight: bold; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 78%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 22%">Fair value </td></tr> <tr id="xdx_401_ecustom--FairValueOfAcquiredAssetsAbstract_iB_zgV4Ri6zOsU9" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Fair value of acquired assets:</td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_403_ecustom--CurrentAssetRecognisedAsOfAcquisitionDateAbstract_iB_zdVkZeBlojs7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current Assets</td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_404_eifrs-full--CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_iI_pn3n3_zKETIas0AQKc" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Cash and cash equivalents</td> <td style="vertical-align: middle; text-align: right">87,046</td></tr> <tr id="xdx_402_ecustom--TradeAndOtherRecieivablesRecognisedAsOfAcquisitionDate_iI_pn3n3_zePXeWCmqq66" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade receivables</td> <td style="vertical-align: middle; text-align: right">205,529</td></tr> <tr id="xdx_408_eifrs-full--InventoryRecognisedAsOfAcquisitionDate_iI_pn3n3" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Inventories</td> <td style="vertical-align: middle; text-align: right">72,924</td></tr> <tr id="xdx_407_ecustom--RecoverableTaxesAsOfAcquisitionDate_iI_pn3n3_zDgg6PClaNNd" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Recoverable taxes</td> <td style="vertical-align: middle; text-align: right">18,672</td></tr> <tr id="xdx_401_ecustom--OtherAssetsAsOfAcquisitionDate_iI_pn3n3_zFmqJjarbAk" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other assets</td> <td style="vertical-align: middle; text-align: right">26,561</td></tr> <tr id="xdx_408_ecustom--NoncurrentAssetsRecognisedAsOfAcquisitionDateAbstract_iB_zQkhOI3krScc" style="background-color: White"> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left">Non-Current Asset</td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr id="xdx_40F_eifrs-full--DeferredTaxAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3_zG0IMQfa12C9" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Deferred taxes</td> <td style="vertical-align: middle; text-align: right">47,393</td></tr> <tr id="xdx_404_ecustom--NonCurrentOtherAssetsAsOfAcquisitionDate_iI_pn3n3_zz9X818wMGHg" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other assets</td> <td style="vertical-align: middle; text-align: right">21,122</td></tr> <tr id="xdx_409_eifrs-full--PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_iI_pn3n3_z1d8JoAPbVr8" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Property, plant and equipment <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="vertical-align: middle; text-align: right">820,398</td></tr> <tr id="xdx_408_ecustom--IntangibleAssetsAsOfAcquisitionDate_iI_pn3n3_zABbl5fMGyCi" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Intangible assets <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="vertical-align: middle; text-align: right">71,591</td></tr> <tr id="xdx_404_eifrs-full--CurrentAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3_zUjVRPTS4S61" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: left"><b style="display: none">Total assets acquired</b> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 1,371,236</td></tr> <tr id="xdx_406_ecustom--FairValueOfAssumedLiabilitiesAbstract_iB_zWqj4qFqI6zd" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Fair value of assumed liabilities:</td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40B_ecustom--CurrentLiabilitiesAsOfAcquisitionDateAbstract_iB_zZHmgBfOl2L3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current Liabilities </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40C_eifrs-full--TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_iI_pn3n3" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade payables</td> <td style="vertical-align: middle; text-align: right">180,962</td></tr> <tr id="xdx_408_ecustom--BorrowingsAndFinancing_iI_pn3n3_zkcffPM2PjK1" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Borrowings and financing <span style="font: normal 400 8pt HELVETICA LIGHT">⁽³⁾</span></td> <td style="vertical-align: middle; text-align: right">251,201</td></tr> <tr id="xdx_403_ecustom--PayrollAndRelatedTaxesAsOfAcquisitionDate_iI_pn3n3_zlkBBc8oVMd" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Payroll and related taxes</td> <td style="vertical-align: middle; text-align: right">29,600</td></tr> <tr id="xdx_40F_ecustom--LeaseLiabilitiesAsOfAcquisitionDate_iI_pn3n3_zEzut2rtyOMc" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Lease liabilities <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁴⁾</span></td> <td style="vertical-align: middle; text-align: right">19,633</td></tr> <tr id="xdx_40F_ecustom--OtherPayablesAsOfAcquisitionDate_iI_pn3n3_zKG4sXcdHq41" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other payables</td> <td style="vertical-align: middle; text-align: right">34,177</td></tr> <tr id="xdx_408_ecustom--NoncurrentLiabilitiesAsOfAcquisitionDateAbstract_iB_pn3n3_zhsX1i1nb2x2" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Non-current Liabilities </td> <td style="text-align: right"> </td></tr> <tr id="xdx_406_ecustom--NoncurrentBorrowingsRecognisedAsOfAcquisitionDate_iI_pn3n3_zR0ibnowfbTb" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> Borrowings and financing <span style="font: normal 400 8pt HELVETICA LIGHT">⁽³⁾</span></td> <td style="vertical-align: middle; text-align: right">378,655</td></tr> <tr id="xdx_407_ecustom--NoncurrentLeaseLiabilitiesAsOfAcquisitionDate_iI_pn3n3_zu7lZOaAOqlk" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Lease liabilities <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁴⁾</span></td> <td style="vertical-align: middle; text-align: right">189,545</td></tr> <tr id="xdx_40F_ecustom--NoncurrentProvisionsForTaxSocialSecurityLaborCivilEnvironmentalRiskAsOfAcquisitionDate_iI_pn3n3_zgXfLCqq4aR7" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Provisions for tax, social security, labor civil, environmental risk <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="vertical-align: middle; text-align: right">24,828</td></tr> <tr id="xdx_40C_ecustom--NoncurrentDeferredTaxesAsOfAcquisitionDate_iI_pn3n3_z9QrYSP2iMPl" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Deferred taxes <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁶⁾</span></td> <td style="vertical-align: middle; text-align: right">32,709</td></tr> <tr id="xdx_409_ecustom--NoncurrentOtherPayablesAsOfAcquisitionDate_iI_pn3n3_z4ErSZMJbSY7" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other payables</td> <td style="vertical-align: middle; text-align: right"> 7,510</td></tr> <tr id="xdx_404_eifrs-full--ContractLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_zdna1ZZXdHG9" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom"><b style="display: none">Total liabilities assumed</b> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> 1,148,820</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="color: red; font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_402_ecustom--TotalOfIdentifiableNetAssetsAtFairValue_iI_pn3n3_zOkXAzV3V7cg" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: left">Total of Identifiable Net Assets at Fair Value</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">222,416</td></tr> <tr id="xdx_40E_ecustom--AcquisitiondateFairValueOfTotalConsiderationsTransferred_iI_pn3n3_zf7EtLjq5Bz6" style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: left; border-top-color: Black; border-top-width: 0.5pt">70% ownership by the Parent Company</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">155,691</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">The fair value of fixed assets determined by market and cost approaches, mainly for vehicle groups (light and heavy-duty, dump trucks and semi-trailers), machinery and equipment, and improvements.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">The fair value of intangibles includes intangible goodwill assets acquired and recognized by the acquiree before the allocation of fair value, in the amount of R$17,108.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%"><span style="font-size: 8pt; line-height: 115%">(3)</span></td> <td style="text-align: justify; width: 98%"><span style="font-size: 8pt; line-height: 115%">The Loans and financing assumed in the acquisition and their respective maturities are shown in the tables below</span>:</td></tr> </table> <p id="xdx_8AD_zsnbSXT80mjh" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_893_ecustom--DisclosureOfLoansAndFinancingAssumedExplanatory_pn3n3_zY4ycrzJPFNa" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 2)"> <tr style="vertical-align: bottom"> <td style="padding-left: 15px; font-weight: bold; text-align: left"><span id="xdx_8B2_zbaYK7w2csR4" style="display: none">Schedule of loans and financing assumed</span></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: center; width: 56%"> </td> <td style="text-align: center; width: 2%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Current Liabilities </td> <td style="text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 14%"> Non-current Liabilities </td> <td style="text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Total</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-decoration: underline; font-weight: bold">Foreign Debt</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Fixed interest in USD</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Bonds, Facility and ACC</td> <td> </td> <td id="xdx_988_eifrs-full--CurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BondsFacilityAndACCMember_zVRTIKr3StKf" style="text-align: right" title="Current Liabilities"> 35,277</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BondsFacilityAndACCMember_zkB4yn0cQ2ul" style="text-align: right" title="Non-current Liabilities"> 38,500</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--ForeignDebt_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BondsFacilityAndACCMember_zcCBl3daEPz4" style="text-align: right" title="Foreign Debt">73,777</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td id="xdx_986_eifrs-full--CurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInUSDMember__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zZEvWOw4dTz5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 35,277</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInUSDMember__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_z28VBl0OKZj7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Non-current Liabilities"> 38,500</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_ecustom--ForeignDebt_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zS1oNKH70pT6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Foreign Debt">73,777</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-decoration: underline; font-weight: bold">Local Debt</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Fixed interest in BRL</td> <td style="font: 10pt Arial"> </td> <td style="font: 10pt Arial"> </td> <td style="font: 10pt Arial"> </td> <td style="font: 10pt Arial"> </td> <td style="font: 10pt Arial"> </td> <td style="font: 10pt Arial"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">BNDES/FINAME/FINEP, Debentures, CRI and NCE</td> <td> </td> <td id="xdx_98B_eifrs-full--CurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInBRLMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BNDESFINAMEFINEPDebenturesCRIAndNCEMember_zF3pFN3hqo5b" style="text-align: right" title="Current Liabilities"> 215,924</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInBRLMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BNDESFINAMEFINEPDebenturesCRIAndNCEMember_z7uTPtgKwxyl" style="text-align: right" title="Non-current Liabilities"> 340,155</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--LocalDebt_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BNDESFINAMEFINEPDebenturesCRIAndNCEMember_z0lneSLKTE31" style="text-align: right" title="Local Debt">556,079</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td id="xdx_984_eifrs-full--CurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInBRLMember__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zauuWCOao87d" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 215,924</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInBRLMember__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zqINnf4b0Nsl" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Non-current Liabilities"> 340,155</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_ecustom--LocalDebt_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zokP1cAlZzO" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Local Debt">556,079</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Total Borrowings and Financing</td> <td> </td> <td id="xdx_987_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zJe8ezhOMSsh" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total Borrowings and Financing, current"> 251,201</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--CurrentPortionOfLongtermBorrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zx525nexCaW1" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total Borrowings and Financing, noncurrent"> 378,655</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zjFg3vCkcM4f" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total Borrowings and Financing">629,856</td></tr> </table> <p id="xdx_8A5_zvkbhrVVS2Rg" style="margin-top: 0; margin-bottom: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--DisclosureOfLoansAndFinancingAssumedMaturityExplanatory_pn3n3_zdLbzuirRxSk" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 3)"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span id="xdx_8B0_zDmjetcG441j" style="display: none">Schedule of maturities</span></td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 36%">Maturity</td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 20%">Foreign Debt</td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 20%">Local Debt</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 20%">Total</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: center">2025</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zFl3HzKmk6lb" style="text-align: right" title="Borrowings"> 82,513</td> <td id="xdx_988_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_z7kB50TpB4Bl" style="text-align: right" title="Borrowings">82,513</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2026</td> <td> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--ForeignDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zg7QufN0nwnd" style="text-align: right" title="Borrowings">35,277</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zdMLNmYPnjY3" style="text-align: right" title="Borrowings"> 176,201</td> <td id="xdx_98C_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_ziRwuE0ih7Z7" style="text-align: right" title="Borrowings">211,478</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: center">2027</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zB99Zl26FIHe" style="text-align: right" title="Borrowings"> 151,109</td> <td id="xdx_983_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_ztkh4c2vkQ28" style="text-align: right" title="Borrowings">151,109</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2028</td> <td> </td> <td id="xdx_980_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--ForeignDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zt6hDCnrZs0b" style="text-align: right" title="Borrowings">38,500</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zViNYOWYol28" style="text-align: right" title="Borrowings"> 49,128</td> <td id="xdx_98C_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_z0LcMgtETbn1" style="text-align: right" title="Borrowings">87,628</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: center">2029</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zmiiNX0293Pi" style="text-align: right" title="Borrowings"> 15,167</td> <td id="xdx_988_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zVOFzL9eUgf" style="text-align: right" title="Borrowings">15,167</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2030</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zXrwxtxogbld" style="text-align: right" title="Borrowings"> 81,961</td> <td id="xdx_98C_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zsh9x4rTPsI" style="text-align: right" title="Borrowings">81,961</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--ForeignDebtMember_zfyPUp8Th2d5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings">73,777</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember_zulnu8TRuyi7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings"> 556,079</td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20250401_zrLLnBMd54p6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings">629,856</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(4)</td> <td style="text-align: justify; width: 98%">The Company measured acquired lease liabilities using the present value of the remaining lease payments as of the acquisition date. Right of use assets were measured at an amount equal to lease liabilities and adjusted to reflect favorable lease conditions relative to market terms.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(5)</td> <td style="text-align: justify; width: 98%">Provisions and Contingent liabilities assumed in the acquisition that were considered present obligations arising from past events and can be reliably measured have been recognized and are initially measured at fair value on the acquisition date and subsequently measured in accordance with the requirements of IFRS 3 – Business Combination, at an amount in excess of that which would be recognized in accordance with IAS 37 - Provisions, Contingent Liabilities and Contingent Assets. The table shown below presents the total amount of provisions and contingent liabilities assumed on the transaction date, including attributed fair value, as follows:</td></tr> </table> <p id="xdx_8AA_zWuBXUcRGVpk" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--DisclosureOfProvisionsAndContingentLiabilitiesAssumedExplanatory_pn3n3_zpMMuqbHDhok" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 4)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B7_z6yPV4uvm5Gc" style="display: none">Schedule of provisions and contingent liabilities assumed</span></td> <td> </td> <td id="xdx_498_20250401_zeGOrlDxcHlf" style="text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: center; width: 62%"> </td> <td style="text-align: center; width: 3%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 35%">BRL</td></tr> <tr id="xdx_409_ecustom--ProvisionsAndContingentLiabilitiesTaxAssumed_iI_zndyYgWCeHE7" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Tax</td> <td> </td> <td style="text-align: right"> 12,691</td></tr> <tr id="xdx_403_ecustom--ProvisionsAndContingentLiabilitiesLabourAssumed_iI_zdFNcKnmLsHe" style="vertical-align: bottom; background-color: White"> <td>Labor</td> <td> </td> <td style="text-align: right"> 12,093</td></tr> <tr id="xdx_402_ecustom--ProvisionsAndContingentLiabilitiesCivilAssumed_iI_zNpAzkhICDyg" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Civil</td> <td> </td> <td style="text-align: right"> 44</td></tr> <tr id="xdx_40F_ecustom--ProvisionsAndContingentLiabilitiesAssumed_iI_zJxjnsgs4J15" style="vertical-align: bottom; background-color: White"> <td><b style="display: none">Total provisions and contingent liabilities</b></td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 24,828</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(6)</td> <td style="text-align: justify; width: 98%">Amounts mainly consist of deferred tax liabilities related to the acquiree’s initial balance and the net position of deferred tax assets and liabilities related to allocation of the purchase price.</td></tr> </table> <p id="xdx_8AB_zNq5ObuVUfPl" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">(iii) Goodwill on the Acquisition of Control</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In accordance with IFRS 3 – Business Combination, the acquiror must recognize goodwill for expected future profitability as of the acquisition date, which is measured according to the amount by which the purchase price exceeds the fair value of assets and liabilities acquired (allocation of the purchase price). The transaction generated goodwill based on expected preliminary future profitability, as shown in the table below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_895_ecustom--DisclosureOfGoodwillOnAcquisitionToControlExplanatory_pn3n3_z0Fw6YwLU6Al" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 5)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B8_zaFz7QrItzJg" style="display: none">Schedule of goodwill on acquisition</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td id="xdx_49C_20251231__ifrs-full--BusinessCombinationsAxis__custom--GrupoEstrelaMember_zwrfdqen8aO1" style="vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 41%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 15%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 22%">Reference</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 19%">Grupo Estrela</td></tr> <tr id="xdx_409_ecustom--AcquisitionPrice_iI_zYJqE2NR2hUk" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Total acquisition price</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center">A</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">(i)</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 752,494</td></tr> <tr id="xdx_40E_ecustom--AcquisitiondateFairValueOfTotalConsiderationsTransferred_iI_z2mDuCXYhuGi" style="background-color: White"> <td style="vertical-align: bottom">Fair value of net assets</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center">B</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">(ii)</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 155,691</td></tr> <tr id="xdx_400_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iI_zV4av6v9jkg9" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold">Goodwill <span style="font: normal 700 8pt Helvetica light">⁽¹⁾</span></td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: center">= ( A - B )</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 596,803</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Goodwill was mainly attributed to:</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Expected operational and logistical synergies,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Vertical integration of transport operations within the CSN Group,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Gains in scale and efficiency,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Capacity to expand within the logistics market,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Expected future profitability.</span></td></tr></table> <p id="xdx_8A3_zxv7rPjKT4e4" style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: left"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: left">Goodwill arising from the transaction is expected to result in a tax benefit, that is, to be deductible for tax purposes.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: left"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify">Goodwill is part of the investment’s carrying amount at the Parent Company. Goodwill is recognized in Consolidated statements as intangible assets and, given that such assets have an indefinite useful life, is not amortized, in accordance with IAS 38 – Intangible Assets. Goodwill is also submitted to an impairment test at a minimum annually.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">(iv) Other Disclosures: Revenue and Results</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--DisclosureOfRevenueAndResultsExplanatory_pn3n3_zpaunSw2fdK7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 6)"> <tr style="vertical-align: bottom; background-color: white"> <td><span id="xdx_8B4_zFGGxwYYQMzc" style="display: none">Schedule of revenue and results</span></td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 63%"> </td> <td style="width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right; width: 36%">Estrela Group</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle">Period (from - to) <span style="font: normal 700 8pt Helvetica light">^a</span></td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">04/01/2025 to 12/31/2025</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Revenue</td> <td> </td> <td id="xdx_989_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250404__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaGroupMember_zMcvi0lnZVn" style="text-align: right" title="Revenue"> 763,412</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>P&amp;L</td> <td> </td> <td id="xdx_985_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250404__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaGroupMember_zgzts7HzkRei" style="text-align: right" title="Profit and loss"> (16,912)</td></tr> <tr style="background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: left">Period (from - to) <span style="font: normal 700 8pt Helvetica light">^b</span></td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">01/01/2025 to 12/31/2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Revenue</td> <td> </td> <td id="xdx_98C_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaGroupMember_zj1CYS75kAj" style="text-align: right" title="Revenue">1,019,278</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>P&amp;L</td> <td> </td> <td id="xdx_98F_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaGroupMember_zAp82XsfIzl7" style="text-align: right" title="Profit and loss"> (36,778)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(a)</td> <td style="text-align: justify; width: 98%">Impact on the Company's consolidated financial statements in 2025.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: left; width: 2%">(b)</td> <td style="text-align: left; width: 98%">Impact on the Financial Statement if the acquisition date had occurred at the start of the 2025 fiscal year.</td></tr> </table> <p id="xdx_8A5_zPhZO22sOnU5" style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: left"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>b)        Galvacolor, Gramperfil and Global Dot</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In 2025, the Company completed the acquisition of control of the Global Dot Com S.A. ("Global Dot"), Galvacolor Jerez S.L.U. ("Galvacolor") and Gramperfil, S.A. ("Gramperfil") companies, operations that may be considered business combinations.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The acquisitions are aligned with the Company’s strategy to expand and strengthen its presence in the steel processing and downstream segments, adding greater value to the production chain, increasing commercial reach, and enhancing operational, industrial, and logistics synergies.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">(i) General Information on Acquisitions</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--DisclosureOfGeneralInformationOnAcquisitionsExplanatory_pn3n3_zQyUesFLXTH4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 7)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B6_zLUk4Tkgf2h9" style="display: none">Schedule of general information acquisitions</span></td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 53%"> </td> <td style="width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; width: 15%">Galvacolor <span style="font: normal 700 8pt Helvetica light">⁽¹⁾</span></td> <td style="text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; width: 16%">Gramperfil <span style="font: normal 700 8pt Helvetica light">⁽²⁾</span></td> <td style="text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; width: 13%">Globaldot <span style="font: normal 700 8pt Helvetica light">⁽³⁾</span></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Acquisition date</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90A_eifrs-full--DateOfAcquisition2013_dd_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zfFrcAZSoupf" title="Acquisition date">11/18/2025</span></td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90B_eifrs-full--DateOfAcquisition2013_dd_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zaVSeml3WrK3" title="Acquisition date">03/23/2025</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90B_eifrs-full--DateOfAcquisition2013_dd_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zPksLdPi5AIe" title="Acquisition date">5/12/2025</span></td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Percentage ("%") acquired of the share capital</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90D_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zscBXiR9BY3i" title="Percentage acquired of the share capital">100</span>%</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90D_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zFT2avENggd4" title="Percentage acquired of the share capital">90</span>%</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_909_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zORaE9rSRfZe" title="Percentage acquired of the share capital">80</span>%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Price paid (Consideration transferred) - R$</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--GainRecognisedInBargainPurchaseTransaction_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zSWUKzRI6cib" style="text-align: right" title="Consideration transferred">291,013</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--GainRecognisedInBargainPurchaseTransaction_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zADYlGLYXhQg" style="text-align: right" title="Consideration transferred"> 73,128</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--GainRecognisedInBargainPurchaseTransaction_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zGb3VSfTyYs2" style="text-align: right" title="Consideration transferred"> 50,891</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Galvacolor, which was acquired by CSN, maintains industrial operations dedicated to the galvanization and painting of flat steels. The company largely maintains operations in the civil construction sector. This transaction expanded the Company's portfolio of coated products and strengthened its competitive positioning on the European market.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">Gramperfil, which was acquired by CSN Steel S.L., specializes in the manufacture of metal structural profiles and accessories used in the construction sector. This acquisition allows the Company to expand its operations in the market segment for structural solutions and offers greater proximity to end customers and an increase in operating margin.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">Global Dot, which was indirectly acquired by CSN through its subsidiaries CSN Inova Ventures and CSN Inova Soluções S.A., provide complete fleet management services with a focus on improving internal logistics and improving processes used in making requests, scheduling, execution, measuring contracts and sizing fleets. This acquisition is in line with the Company's integration strategy, aiming at providing greater synergy, productivity and reducing costs through a single technological platform.</td></tr> </table> <p id="xdx_8A0_zCOsIEvLz024" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">(ii) Fair Value of Assets Acquired and Liabilities assumed</span></b></p> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--DisclosureOfFairValueOfAssetAcquiredAndLiabilitiesAssumedExplanatory_zm7cWIHfP4Y4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 8)"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; font-weight: bold; text-align: left"><span id="xdx_8B5_zMM7ccNnXi22" style="display: none">Schedule of fair value of assets acquired and liabilities assumed</span></td> <td> </td> <td id="xdx_496_20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zbGer9MVx0lk" style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_496_20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zQ9lHDDpYlLh" style="text-align: center"> </td> <td id="xdx_493_20251231_zTQYZ0cAk17b" style="font-weight: bold; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 62%"> </td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 14%">Galvacolor</td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 11%">Gramperfil</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 10%">Total</td></tr> <tr id="xdx_40C_ecustom--FairValueOfAcquiredAssetsAbstract_iB_zYVuXoemazn3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Fair Value of Acquired Assets:</td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_407_ecustom--CurrentAssetRecognisedAsOfAcquisitionDateAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current Assets</td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_406_ecustom--CashAndCashEquivalentRecognisedAsOfAcquisitionDate_iI_pn3n3_z0J848XggKt9" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Cash and cash equivalents</td> <td> </td> <td style="text-align: right"> 4,914</td> <td style="text-align: right"> </td> <td style="text-align: right">13,261</td> <td style="font-weight: bold; text-align: right">18,175</td></tr> <tr id="xdx_402_ecustom--TradeAndOtherRecieivablesRecognisedAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Trade receivables</td> <td> </td> <td style="text-align: right"> 42,285</td> <td style="text-align: right"> </td> <td style="text-align: right">23,704</td> <td style="font-weight: bold; text-align: right">65,989</td></tr> <tr id="xdx_407_eifrs-full--InventoryRecognisedAsOfAcquisitionDate_iI_pn3n3_z8hXp2wW74Gk" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Inventories</td> <td> </td> <td style="text-align: right">193,943</td> <td style="text-align: right"> </td> <td style="text-align: right">23,621</td> <td style="font-weight: bold; text-align: right">217,564</td></tr> <tr id="xdx_40D_ecustom--RecoverableTaxesAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Recoverable taxes</td> <td> </td> <td style="text-align: right"> 24,087</td> <td style="text-align: right"> </td> <td style="text-align: right">1,809</td> <td style="font-weight: bold; text-align: right">25,896</td></tr> <tr id="xdx_40C_ecustom--OtherAssetsAsOfAcquisitionDate_iI_pn3n3_zyqHy2ygBr4a" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Other assets</td> <td> </td> <td style="text-align: right"> 2,346</td> <td style="text-align: right"> </td> <td style="text-align: right">1,360</td> <td style="font-weight: bold; text-align: right"> 3,706</td></tr> <tr id="xdx_409_ecustom--NoncurrentAssetsRecognisedAsOfAcquisitionDateAbstract_iB_pn3n3_z4NMko1x1by1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Non-current Assets </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold"> </td></tr> <tr id="xdx_409_eifrs-full--DeferredTaxAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Deferred taxes</td> <td> </td> <td style="text-align: right"> 3,210</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> 3,210</td></tr> <tr id="xdx_40D_ecustom--NonCurrentOtherAssetsAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Other assets</td> <td> </td> <td style="text-align: right">51</td> <td style="text-align: right"> </td> <td style="text-align: right">22</td> <td style="font-weight: bold; text-align: right">73</td></tr> <tr id="xdx_409_eifrs-full--PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Property, plant and equipment </td> <td> </td> <td style="text-align: right">167,685</td> <td style="text-align: right"> </td> <td style="text-align: right">30,389</td> <td style="font-weight: bold; text-align: right">198,074</td></tr> <tr id="xdx_40E_ecustom--IntangibleAssetsAsOfAcquisitionDate_iI_pn3n3_zKCV2cdd63E9" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Intangible assets </td> <td> </td> <td style="text-align: right">46</td> <td style="text-align: right"> </td> <td style="text-align: right">42</td> <td style="font-weight: bold; text-align: right">88</td></tr> <tr id="xdx_40B_eifrs-full--CurrentAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: left"><b style="display: none">Total assets acquired</b> </td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">438,567</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">94,208</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">532,775</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_406_ecustom--FairValueOfAssumedLiabilitiesAbstract_iB" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Fair Value of Assumed Liabilities:</td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40D_ecustom--CurrentLiabilitiesAsOfAcquisitionDateAbstract_iB_zHy5wElnzvZ8" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current Liabilities </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40C_eifrs-full--TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_iI_pn3n3_z0W41kH0Lwja" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Trade payables</td> <td> </td> <td style="text-align: right">115,669</td> <td style="text-align: right"> </td> <td style="text-align: right">7,017</td> <td style="font-weight: bold; text-align: right">122,686</td></tr> <tr id="xdx_40E_eifrs-full--BorrowingsRecognisedAsOfAcquisitionDate_iI_pn3n3_zVvvvSenc3r7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Borrowings and financing </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right">11,718</td> <td style="font-weight: bold; text-align: right">11,718</td></tr> <tr id="xdx_408_ecustom--TaxesPayableAsOfAcquisitionDate_iI_pn3n3_zlgqaK0RLdEd" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Taxes payable</td> <td> </td> <td style="text-align: right"> 26,947</td> <td style="text-align: right"> </td> <td style="text-align: right">2,143</td> <td style="font-weight: bold; text-align: right">29,090</td></tr> <tr id="xdx_405_ecustom--OtherPayablesAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Other payables</td> <td> </td> <td style="text-align: right"> 4,938</td> <td style="text-align: right"> </td> <td style="text-align: right"> 202</td> <td style="font-weight: bold; text-align: right"> 5,140</td></tr> <tr id="xdx_401_eifrs-full--ContractLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom"><b style="display: none">Total liabilities assumed</b> </td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">147,554</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">21,080</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">168,634</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="color: red; font-weight: bold; text-align: right"> </td> <td> </td> <td style="color: red; font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_405_ecustom--TotalOfIdentifiableNetAssetsAtFairValue_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total of Identifiable Net Assets at Fair Value</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">291,013</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">73,128</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">364,141</td></tr> </table> <p id="xdx_8A6_z17oWNwqaQa8" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Due to the acquisition of Global Dot on December 5, 2025, the Company began the contracting process for the allocation of the purchase price (PPA) in 2026 to identify and measure the assets acquired and liabilities assumed at fair value. For preliminary disclosure purposes, the amount initially recognized as fair value for acquired assets is considered the book value of the acquiree's equity on the transaction base date. This amount totals R$ <span id="xdx_900_eifrs-full--IssuesFairValueMeasurementAssets_pn3n3_c20251204__20251205__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zX5Tx48E1kD9" title="Fair value measurement">11,728</span> and is subject to adjustments arising from the completion of the fair value measurement process, which may impact the final value of the goodwill recognized.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">(iii)        Goodwill on Acquisition of Control</span></b></p> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--DisclosureOfGoodwillOnAcquisitionToControlExplanatory_hifrs-full--BusinessCombinationsAxis__custom--GalvacolorGramperfilAndGlobaldotMember_zOuiZj7TdEw9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 9)"> <tr> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"><span id="xdx_8BB_zODuu9kzpw8h" style="display: none">Schedule of goodwill on acquisition</span></td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td id="xdx_496_20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zQ8mhUtS9Jqe" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td id="xdx_49E_20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zjTbjmDOaXWk" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_494_20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zdVMSsJ5Hoqb" style="vertical-align: middle; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 40%"> </td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 13%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; vertical-align: middle; width: 13%">Galvacolor</td> <td style="text-align: center; vertical-align: middle; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; vertical-align: middle; width: 14%">Gramperfil</td> <td style="text-align: center; vertical-align: middle; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; vertical-align: middle; width: 14%">Globaldot</td></tr> <tr id="xdx_406_ecustom--AcquisitionPrice_iI_pn3n3_zIodJPZuup38" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Total acquisition price</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center">A</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">291,013</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> 73,128</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> 50,891</td></tr> <tr id="xdx_408_ecustom--AcquisitiondateFairValueOfTotalConsiderationsTransferred_iI_pn3n3_zVDCs1x65QL1" style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Fair value of net assets</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center">B</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">291,013</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> 73,128</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 11,728</td></tr> <tr id="xdx_405_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iI_pn3n3_z7fpon103GPd" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Goodwill <span style="font: normal 700 8pt Helvetica light">⁽¹⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: center">= ( A - B )</td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 39,163</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0px"></td><td style="width: 2%">(1)</td><td style="text-align: justify">Provisional goodwill recognized in acquisitions is mainly attributed to:</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Expected operational and commercial synergies,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Gains in scale,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Logistics integration,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Specialized workforce,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Expansion of market presence,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Expected future profitability.</span></td></tr></table> <p id="xdx_8A3_zs15EycyyPr1" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Goodwill arising from the transaction is expected to result in a tax benefit, that is, to be deductible for tax purposes.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">(iv) Other Disclosures: Revenue and Results</span></b></p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--DisclosureOfRevenueAndResultsExplanatory_hifrs-full--BusinessCombinationsAxis__custom--GalvacolorGramperfilAndGlobaldotMember_z3VHLPUZQm5l" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 10)"> <tr style="vertical-align: bottom; background-color: white"> <td><span id="xdx_8B4_zra7oO19DMKk" style="display: none">Schedule of revenue and results</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; width: 31%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 16%">Galvacolor</td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 17%">Gramperfil</td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 17%">Global Dot*</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 15%"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle">Period (from - to) <span style="font: normal 700 8pt Helvetica light">^a</span></td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">11/18/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">03/23/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">12/05/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Revenue</td> <td> </td> <td id="xdx_981_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20251118__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zSeTliLXH0M6" style="text-align: right" title="Revenue"> 18,301</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250323__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_z5HrhE2bP2ug" style="text-align: right" title="Revenue">80,886</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--TotalAMember_zSDgv9kmbYMj" style="text-align: right" title="Revenue">99,187</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>P&amp;L</td> <td> </td> <td id="xdx_986_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20251118__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zapK4NL46da7" style="text-align: right" title="Profit and loss">(4,543)</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250323__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zG3PWYtfpvl2" style="text-align: right" title="Profit and loss">5,328</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--TotalAMember_zPODJlPSdxwj" style="text-align: right" title="Profit and loss">785</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle">Period (from - to) <span style="font: normal 700 8pt Helvetica light">^b</span></td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">01/01/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">01/01/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">01/01/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Revenue</td> <td> </td> <td id="xdx_980_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zQpUjvajMLL" style="text-align: right" title="Revenue"> 315,216</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zhvAwVNnCG49" style="text-align: right" title="Revenue">113,179</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zNQoU3CfLxig" style="text-align: right" title="Revenue">26,349</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--TotalBMember_zTTrFQn5Dnu2" style="text-align: right" title="Revenue">454,744</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>P&amp;L</td> <td> </td> <td id="xdx_988_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zHjHl8cPXMK3" style="text-align: right" title="Profit and loss">(75,802)</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zWWU0cVDNOjd" style="text-align: right" title="Profit and loss">6,299</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zNdY8Vtm25q3" style="text-align: right" title="Profit and loss">9,838</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--TotalBMember_zEkjnsJFRtN6" style="text-align: right" title="Profit and loss"> (59,665)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Considering that the acquisition was completed on December 5, 2025, and there was no material transactions made in the last month of the year, there was no impact on the Company's financial statements.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(a)</td> <td style="text-align: justify; width: 98%">Impact on the Company's consolidated financial statements in 2025.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(b)</td> <td style="text-align: justify; width: 98%">Impact on the financial statements if the acquisition date had occurred at the start of the 2025 fiscal year.</td></tr> </table> <p id="xdx_8AE_zNWFJUBGBts8" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">C) Measurement and Valuation Reports related to Business Combinations</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">As of the date these financial statements were issued, the process of measuring and preparing the fair value valuation reports for identifiable assets acquired and liabilities assumed — including separable intangible assets — are in progress with independent valuation reports in accordance with the permitted 12-month measurement period. As a result, amounts recognized are provisional and may undergo non-significant retrospective adjustments upon Purchase Price Allocation (PPA) reports being completed.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Business combinations (except those involving entities under common control) are accounted for by applying the acquisition method. The consideration transferred, as well as the identifiable assets acquired and liabilities assumed, are measured at fair value as of the acquisition date. The consideration transferred does not include amounts related to settlements for pre-existing relationships, these amounts are normally recognized in profit or loss for the year.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company considers itself to have acquired a business whenever the series of activities and assets acquired includes input and a substantive process that, together, contribute significantly to the ability to generate products or services (outputs). The process is considered substantive whenever it is essential to the continuity of the production of outputs and the inputs acquired include an organized workforce that holds the skills, knowledge or experience necessary to execute the process in question, or whenever, the process contributes to the ability to maintain the generation of outputs in a relevant manner. Assumed financial assets and liabilities are valued as of the acquisition date for classification and measurement purposes while considering contractual terms, economic circumstances and other conditions existing on that date.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Costs directly attributable to the acquisition are recognized as an expense as they are incurred and are recorded as other operating expenses. Goodwill arising from the transaction is subject, at a minimum annually, to an impairment test, as well as whenever there are indications that its book value may not recover.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Goodwill is initially measured at cost, which corresponds to excess in the aggregate amount for:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(i)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">consideration transferred, measured at fair value,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(ii)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">the value of any non-controlling interests in the acquiree and </span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(iii)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">in business combinations implemented in stages, the fair value of the interest previously held by the acquirer on the acquisition date, on the fair value of identifiable net assets acquired (identifiable assets acquired net of liabilities assumed).</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Whenever this aggregate amount is lower than the value of the identifiable net assets acquired, the difference is recognized immediately in profit or loss as a gain from an advantageous purchase.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Goodwill is subsequently measured at cost, with less accumulated impairment losses. For impairment testing purposes, goodwill recognized in a business combination is allocated to the Company's Cash-generating units (“CGUs”) that are expected to benefit from the synergies offered by the combination as of the acquisition date, regardless of whether other assets or liabilities held by the acquiree are attributed to these units.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In cases involving business combinations maintained between entities under common control — in which all entities or businesses involved are, before and after the operation, controlled by the same party or group of parties, and this control is not transitory — the Company applies the predecessor value method.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Under this method, financial statements now reflect the continuity of the acquired entity’s historical accounting records, including:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">(a) The acquiree’s equity position and historical operating results in previous periods,</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">(b) Profit and loss at the Company and the acquired entity arising from corporate reorganization,</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">(c) Assets and liabilities recognized at historical book values (and at fair value, when applicable),</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">(d) The Company's earnings per share for all periods presented adjusted when necessary.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Goodwill is not recognized, and the corresponding effects are not recorded in Shareholders' Equity as part of such transactions.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Critical Estimates</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Business combinations are accounted for using the acquisition method, which requires the measurement of identifiable assets acquired and liabilities assumed at fair value on reports prepared by independent appraisers. This measurement involves the use of estimates and assumptions that require that significant judgments be made on the part of the Company, including those applied in the identification and valuation of intangible assets, such as brands and customer portfolios, the measurement of lease liabilities — including adjustments to reflect favorable contractual conditions in relation to those practiced on the market — and the recognition and measurement of contingent liabilities.</p> 0.70 742500000 300000000 111250000 111250000 220000000 9994000 0.70 742500000 300000000 111250000 111250000 220000000 9994000 229993768 0.70 752494000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--DisclosureOfValueOfConsiderationTransferredExplanatory_pn3n3_zivhHEguHG45" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details)"> <tr> <td style="vertical-align: middle; text-align: center"><span id="xdx_8B3_zIi2jDAGTmn7" style="display: none">Schedule of consideration transferred</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Value of the consideration transferred (R$ thousand)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 66%">Installment</td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 33%">Installment</td> </tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: center">in cash <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="vertical-align: middle"> </td> <td id="xdx_985_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_c20251231__ifrs-full--BusinessCombinationsAxis__custom--InCashMember_zDVdE1DrkZp4" style="vertical-align: middle; text-align: right" title="Transaction value"> 309,994</td> </tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: center">1ª</td> <td style="vertical-align: middle"> </td> <td id="xdx_983_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_c20251231__ifrs-full--BusinessCombinationsAxis__custom--InstallmentOneMember_zuUxUuI4iiZb" style="vertical-align: middle; text-align: right" title="Transaction value"> 111,250</td> </tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: center">2ª</td> <td style="vertical-align: middle"> </td> <td id="xdx_983_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_c20251231__ifrs-full--BusinessCombinationsAxis__custom--InstallmentTwoMember_zPaWGlJoIdr3" style="vertical-align: middle; text-align: right" title="Transaction value"> 111,250</td> </tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: center">3ª</td> <td style="vertical-align: middle"> </td> <td id="xdx_98E_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_c20251231__ifrs-full--BusinessCombinationsAxis__custom--InstallmentThreeMember_zpxw8E5IFAA5" style="vertical-align: middle; text-align: right" title="Transaction value"> 220,000</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Amount paid for 70% of the shares</td> <td style="font-weight: bold"> </td> <td id="xdx_987_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_c20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zDEQ4SKubfXe" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Transaction value"> 752,494</td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt/115% Helvetica light,serif; width: 100%; margin-bottom: 8pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%"><span style="font-size: 8pt">(1)</span></td> <td style="text-align: justify; width: 98%"><span style="font-size: 9pt">an amount of R$300,000 paid in April 2025, more R$9,994 paid in September of 2025.</span></td></tr> </table> 309994000 111250000 111250000 220000000 752494000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_893_ecustom--DisclosureOfFairValueOfAssetsAcquiredAndLiabilitiesAssumedExplanatory_pn3n3_zfnUBH89waOc" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 1)"> <tr style="vertical-align: bottom"> <td style="padding-left: 15px; font-weight: bold; text-align: left"><span id="xdx_8BB_z2zsPxKYirua" style="display: none">Schedule of fair value of assets acquired and liabilities assumed</span></td> <td id="xdx_496_20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zgoKxjins4oc" style="font-weight: bold; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 78%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 22%">Fair value </td></tr> <tr id="xdx_401_ecustom--FairValueOfAcquiredAssetsAbstract_iB_zgV4Ri6zOsU9" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Fair value of acquired assets:</td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_403_ecustom--CurrentAssetRecognisedAsOfAcquisitionDateAbstract_iB_zdVkZeBlojs7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current Assets</td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_404_eifrs-full--CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_iI_pn3n3_zKETIas0AQKc" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Cash and cash equivalents</td> <td style="vertical-align: middle; text-align: right">87,046</td></tr> <tr id="xdx_402_ecustom--TradeAndOtherRecieivablesRecognisedAsOfAcquisitionDate_iI_pn3n3_zePXeWCmqq66" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade receivables</td> <td style="vertical-align: middle; text-align: right">205,529</td></tr> <tr id="xdx_408_eifrs-full--InventoryRecognisedAsOfAcquisitionDate_iI_pn3n3" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Inventories</td> <td style="vertical-align: middle; text-align: right">72,924</td></tr> <tr id="xdx_407_ecustom--RecoverableTaxesAsOfAcquisitionDate_iI_pn3n3_zDgg6PClaNNd" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Recoverable taxes</td> <td style="vertical-align: middle; text-align: right">18,672</td></tr> <tr id="xdx_401_ecustom--OtherAssetsAsOfAcquisitionDate_iI_pn3n3_zFmqJjarbAk" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other assets</td> <td style="vertical-align: middle; text-align: right">26,561</td></tr> <tr id="xdx_408_ecustom--NoncurrentAssetsRecognisedAsOfAcquisitionDateAbstract_iB_zQkhOI3krScc" style="background-color: White"> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left">Non-Current Asset</td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr id="xdx_40F_eifrs-full--DeferredTaxAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3_zG0IMQfa12C9" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Deferred taxes</td> <td style="vertical-align: middle; text-align: right">47,393</td></tr> <tr id="xdx_404_ecustom--NonCurrentOtherAssetsAsOfAcquisitionDate_iI_pn3n3_zz9X818wMGHg" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other assets</td> <td style="vertical-align: middle; text-align: right">21,122</td></tr> <tr id="xdx_409_eifrs-full--PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_iI_pn3n3_z1d8JoAPbVr8" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Property, plant and equipment <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="vertical-align: middle; text-align: right">820,398</td></tr> <tr id="xdx_408_ecustom--IntangibleAssetsAsOfAcquisitionDate_iI_pn3n3_zABbl5fMGyCi" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Intangible assets <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="vertical-align: middle; text-align: right">71,591</td></tr> <tr id="xdx_404_eifrs-full--CurrentAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3_zUjVRPTS4S61" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: left"><b style="display: none">Total assets acquired</b> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 1,371,236</td></tr> <tr id="xdx_406_ecustom--FairValueOfAssumedLiabilitiesAbstract_iB_zWqj4qFqI6zd" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Fair value of assumed liabilities:</td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40B_ecustom--CurrentLiabilitiesAsOfAcquisitionDateAbstract_iB_zZHmgBfOl2L3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current Liabilities </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40C_eifrs-full--TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_iI_pn3n3" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade payables</td> <td style="vertical-align: middle; text-align: right">180,962</td></tr> <tr id="xdx_408_ecustom--BorrowingsAndFinancing_iI_pn3n3_zkcffPM2PjK1" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Borrowings and financing <span style="font: normal 400 8pt HELVETICA LIGHT">⁽³⁾</span></td> <td style="vertical-align: middle; text-align: right">251,201</td></tr> <tr id="xdx_403_ecustom--PayrollAndRelatedTaxesAsOfAcquisitionDate_iI_pn3n3_zlkBBc8oVMd" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Payroll and related taxes</td> <td style="vertical-align: middle; text-align: right">29,600</td></tr> <tr id="xdx_40F_ecustom--LeaseLiabilitiesAsOfAcquisitionDate_iI_pn3n3_zEzut2rtyOMc" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Lease liabilities <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁴⁾</span></td> <td style="vertical-align: middle; text-align: right">19,633</td></tr> <tr id="xdx_40F_ecustom--OtherPayablesAsOfAcquisitionDate_iI_pn3n3_zKG4sXcdHq41" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other payables</td> <td style="vertical-align: middle; text-align: right">34,177</td></tr> <tr id="xdx_408_ecustom--NoncurrentLiabilitiesAsOfAcquisitionDateAbstract_iB_pn3n3_zhsX1i1nb2x2" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Non-current Liabilities </td> <td style="text-align: right"> </td></tr> <tr id="xdx_406_ecustom--NoncurrentBorrowingsRecognisedAsOfAcquisitionDate_iI_pn3n3_zR0ibnowfbTb" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> Borrowings and financing <span style="font: normal 400 8pt HELVETICA LIGHT">⁽³⁾</span></td> <td style="vertical-align: middle; text-align: right">378,655</td></tr> <tr id="xdx_407_ecustom--NoncurrentLeaseLiabilitiesAsOfAcquisitionDate_iI_pn3n3_zu7lZOaAOqlk" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Lease liabilities <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁴⁾</span></td> <td style="vertical-align: middle; text-align: right">189,545</td></tr> <tr id="xdx_40F_ecustom--NoncurrentProvisionsForTaxSocialSecurityLaborCivilEnvironmentalRiskAsOfAcquisitionDate_iI_pn3n3_zgXfLCqq4aR7" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Provisions for tax, social security, labor civil, environmental risk <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="vertical-align: middle; text-align: right">24,828</td></tr> <tr id="xdx_40C_ecustom--NoncurrentDeferredTaxesAsOfAcquisitionDate_iI_pn3n3_z9QrYSP2iMPl" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Deferred taxes <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁶⁾</span></td> <td style="vertical-align: middle; text-align: right">32,709</td></tr> <tr id="xdx_409_ecustom--NoncurrentOtherPayablesAsOfAcquisitionDate_iI_pn3n3_z4ErSZMJbSY7" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other payables</td> <td style="vertical-align: middle; text-align: right"> 7,510</td></tr> <tr id="xdx_404_eifrs-full--ContractLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_zdna1ZZXdHG9" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom"><b style="display: none">Total liabilities assumed</b> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> 1,148,820</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="color: red; font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_402_ecustom--TotalOfIdentifiableNetAssetsAtFairValue_iI_pn3n3_zOkXAzV3V7cg" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: left">Total of Identifiable Net Assets at Fair Value</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">222,416</td></tr> <tr id="xdx_40E_ecustom--AcquisitiondateFairValueOfTotalConsiderationsTransferred_iI_pn3n3_zf7EtLjq5Bz6" style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: left; border-top-color: Black; border-top-width: 0.5pt">70% ownership by the Parent Company</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">155,691</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">The fair value of fixed assets determined by market and cost approaches, mainly for vehicle groups (light and heavy-duty, dump trucks and semi-trailers), machinery and equipment, and improvements.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">The fair value of intangibles includes intangible goodwill assets acquired and recognized by the acquiree before the allocation of fair value, in the amount of R$17,108.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%"><span style="font-size: 8pt; line-height: 115%">(3)</span></td> <td style="text-align: justify; width: 98%"><span style="font-size: 8pt; line-height: 115%">The Loans and financing assumed in the acquisition and their respective maturities are shown in the tables below</span>:</td></tr> </table> 87046000 205529000 72924000 18672000 26561000 47393000 21122000 820398000 71591000 1371236000 180962000 251201000 29600000 19633000 34177000 378655000 189545000 24828000 32709000 7510000 1148820000 222416000 155691000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_893_ecustom--DisclosureOfLoansAndFinancingAssumedExplanatory_pn3n3_zY4ycrzJPFNa" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 2)"> <tr style="vertical-align: bottom"> <td style="padding-left: 15px; font-weight: bold; text-align: left"><span id="xdx_8B2_zbaYK7w2csR4" style="display: none">Schedule of loans and financing assumed</span></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: center; width: 56%"> </td> <td style="text-align: center; width: 2%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Current Liabilities </td> <td style="text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 14%"> Non-current Liabilities </td> <td style="text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Total</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-decoration: underline; font-weight: bold">Foreign Debt</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Fixed interest in USD</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Bonds, Facility and ACC</td> <td> </td> <td id="xdx_988_eifrs-full--CurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BondsFacilityAndACCMember_zVRTIKr3StKf" style="text-align: right" title="Current Liabilities"> 35,277</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BondsFacilityAndACCMember_zkB4yn0cQ2ul" style="text-align: right" title="Non-current Liabilities"> 38,500</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--ForeignDebt_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BondsFacilityAndACCMember_zcCBl3daEPz4" style="text-align: right" title="Foreign Debt">73,777</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td id="xdx_986_eifrs-full--CurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInUSDMember__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zZEvWOw4dTz5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 35,277</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInUSDMember__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_z28VBl0OKZj7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Non-current Liabilities"> 38,500</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_ecustom--ForeignDebt_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zS1oNKH70pT6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Foreign Debt">73,777</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-decoration: underline; font-weight: bold">Local Debt</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Fixed interest in BRL</td> <td style="font: 10pt Arial"> </td> <td style="font: 10pt Arial"> </td> <td style="font: 10pt Arial"> </td> <td style="font: 10pt Arial"> </td> <td style="font: 10pt Arial"> </td> <td style="font: 10pt Arial"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">BNDES/FINAME/FINEP, Debentures, CRI and NCE</td> <td> </td> <td id="xdx_98B_eifrs-full--CurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInBRLMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BNDESFINAMEFINEPDebenturesCRIAndNCEMember_zF3pFN3hqo5b" style="text-align: right" title="Current Liabilities"> 215,924</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInBRLMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BNDESFINAMEFINEPDebenturesCRIAndNCEMember_z7uTPtgKwxyl" style="text-align: right" title="Non-current Liabilities"> 340,155</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--LocalDebt_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BNDESFINAMEFINEPDebenturesCRIAndNCEMember_z0lneSLKTE31" style="text-align: right" title="Local Debt">556,079</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td id="xdx_984_eifrs-full--CurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInBRLMember__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zauuWCOao87d" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 215,924</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3_c20250401__ifrs-full--ClassesOfAssetsAxis__custom--FixedInterestInBRLMember__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zqINnf4b0Nsl" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Non-current Liabilities"> 340,155</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_ecustom--LocalDebt_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zokP1cAlZzO" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Local Debt">556,079</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Total Borrowings and Financing</td> <td> </td> <td id="xdx_987_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zJe8ezhOMSsh" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total Borrowings and Financing, current"> 251,201</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--CurrentPortionOfLongtermBorrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zx525nexCaW1" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total Borrowings and Financing, noncurrent"> 378,655</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--EstrelaMember_zjFg3vCkcM4f" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total Borrowings and Financing">629,856</td></tr> </table> 35277000 38500000 73777000 35277000 38500000 73777000 215924000 340155000 556079000 215924000 340155000 556079000 251201000 378655000 629856000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--DisclosureOfLoansAndFinancingAssumedMaturityExplanatory_pn3n3_zdLbzuirRxSk" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 3)"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span id="xdx_8B0_zDmjetcG441j" style="display: none">Schedule of maturities</span></td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 36%">Maturity</td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 20%">Foreign Debt</td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 20%">Local Debt</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 20%">Total</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: center">2025</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zFl3HzKmk6lb" style="text-align: right" title="Borrowings"> 82,513</td> <td id="xdx_988_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_z7kB50TpB4Bl" style="text-align: right" title="Borrowings">82,513</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2026</td> <td> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--ForeignDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zg7QufN0nwnd" style="text-align: right" title="Borrowings">35,277</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zdMLNmYPnjY3" style="text-align: right" title="Borrowings"> 176,201</td> <td id="xdx_98C_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_ziRwuE0ih7Z7" style="text-align: right" title="Borrowings">211,478</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: center">2027</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zB99Zl26FIHe" style="text-align: right" title="Borrowings"> 151,109</td> <td id="xdx_983_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_ztkh4c2vkQ28" style="text-align: right" title="Borrowings">151,109</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2028</td> <td> </td> <td id="xdx_980_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--ForeignDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zt6hDCnrZs0b" style="text-align: right" title="Borrowings">38,500</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zViNYOWYol28" style="text-align: right" title="Borrowings"> 49,128</td> <td id="xdx_98C_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_z0LcMgtETbn1" style="text-align: right" title="Borrowings">87,628</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: center">2029</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zmiiNX0293Pi" style="text-align: right" title="Borrowings"> 15,167</td> <td id="xdx_988_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zVOFzL9eUgf" style="text-align: right" title="Borrowings">15,167</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2030</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zXrwxtxogbld" style="text-align: right" title="Borrowings"> 81,961</td> <td id="xdx_98C_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zsh9x4rTPsI" style="text-align: right" title="Borrowings">81,961</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--ForeignDebtMember_zfyPUp8Th2d5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings">73,777</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20250401__ifrs-full--BusinessCombinationsAxis__custom--LocalDebtMember_zulnu8TRuyi7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings"> 556,079</td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20250401_zrLLnBMd54p6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings">629,856</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(4)</td> <td style="text-align: justify; width: 98%">The Company measured acquired lease liabilities using the present value of the remaining lease payments as of the acquisition date. Right of use assets were measured at an amount equal to lease liabilities and adjusted to reflect favorable lease conditions relative to market terms.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(5)</td> <td style="text-align: justify; width: 98%">Provisions and Contingent liabilities assumed in the acquisition that were considered present obligations arising from past events and can be reliably measured have been recognized and are initially measured at fair value on the acquisition date and subsequently measured in accordance with the requirements of IFRS 3 – Business Combination, at an amount in excess of that which would be recognized in accordance with IAS 37 - Provisions, Contingent Liabilities and Contingent Assets. The table shown below presents the total amount of provisions and contingent liabilities assumed on the transaction date, including attributed fair value, as follows:</td></tr> </table> 82513000 82513000 35277000 176201000 211478000 151109000 151109000 38500000 49128000 87628000 15167000 15167000 81961000 81961000 73777000 556079000 629856000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--DisclosureOfProvisionsAndContingentLiabilitiesAssumedExplanatory_pn3n3_zpMMuqbHDhok" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 4)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B7_z6yPV4uvm5Gc" style="display: none">Schedule of provisions and contingent liabilities assumed</span></td> <td> </td> <td id="xdx_498_20250401_zeGOrlDxcHlf" style="text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: center; width: 62%"> </td> <td style="text-align: center; width: 3%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 35%">BRL</td></tr> <tr id="xdx_409_ecustom--ProvisionsAndContingentLiabilitiesTaxAssumed_iI_zndyYgWCeHE7" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Tax</td> <td> </td> <td style="text-align: right"> 12,691</td></tr> <tr id="xdx_403_ecustom--ProvisionsAndContingentLiabilitiesLabourAssumed_iI_zdFNcKnmLsHe" style="vertical-align: bottom; background-color: White"> <td>Labor</td> <td> </td> <td style="text-align: right"> 12,093</td></tr> <tr id="xdx_402_ecustom--ProvisionsAndContingentLiabilitiesCivilAssumed_iI_zNpAzkhICDyg" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Civil</td> <td> </td> <td style="text-align: right"> 44</td></tr> <tr id="xdx_40F_ecustom--ProvisionsAndContingentLiabilitiesAssumed_iI_zJxjnsgs4J15" style="vertical-align: bottom; background-color: White"> <td><b style="display: none">Total provisions and contingent liabilities</b></td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 24,828</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(6)</td> <td style="text-align: justify; width: 98%">Amounts mainly consist of deferred tax liabilities related to the acquiree’s initial balance and the net position of deferred tax assets and liabilities related to allocation of the purchase price.</td></tr> </table> 12691000 12093000 44000 24828000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_895_ecustom--DisclosureOfGoodwillOnAcquisitionToControlExplanatory_pn3n3_z0Fw6YwLU6Al" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 5)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B8_zaFz7QrItzJg" style="display: none">Schedule of goodwill on acquisition</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td id="xdx_49C_20251231__ifrs-full--BusinessCombinationsAxis__custom--GrupoEstrelaMember_zwrfdqen8aO1" style="vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 41%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 15%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 22%">Reference</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 19%">Grupo Estrela</td></tr> <tr id="xdx_409_ecustom--AcquisitionPrice_iI_zYJqE2NR2hUk" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Total acquisition price</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center">A</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">(i)</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 752,494</td></tr> <tr id="xdx_40E_ecustom--AcquisitiondateFairValueOfTotalConsiderationsTransferred_iI_z2mDuCXYhuGi" style="background-color: White"> <td style="vertical-align: bottom">Fair value of net assets</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center">B</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">(ii)</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 155,691</td></tr> <tr id="xdx_400_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iI_zV4av6v9jkg9" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold">Goodwill <span style="font: normal 700 8pt Helvetica light">⁽¹⁾</span></td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: center">= ( A - B )</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 596,803</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Goodwill was mainly attributed to:</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Expected operational and logistical synergies,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Vertical integration of transport operations within the CSN Group,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Gains in scale and efficiency,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Capacity to expand within the logistics market,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Expected future profitability.</span></td></tr></table> 752494000 155691000 596803000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--DisclosureOfRevenueAndResultsExplanatory_pn3n3_zpaunSw2fdK7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 6)"> <tr style="vertical-align: bottom; background-color: white"> <td><span id="xdx_8B4_zFGGxwYYQMzc" style="display: none">Schedule of revenue and results</span></td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 63%"> </td> <td style="width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right; width: 36%">Estrela Group</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle">Period (from - to) <span style="font: normal 700 8pt Helvetica light">^a</span></td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">04/01/2025 to 12/31/2025</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Revenue</td> <td> </td> <td id="xdx_989_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250404__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaGroupMember_zMcvi0lnZVn" style="text-align: right" title="Revenue"> 763,412</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>P&amp;L</td> <td> </td> <td id="xdx_985_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250404__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaGroupMember_zgzts7HzkRei" style="text-align: right" title="Profit and loss"> (16,912)</td></tr> <tr style="background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: left">Period (from - to) <span style="font: normal 700 8pt Helvetica light">^b</span></td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">01/01/2025 to 12/31/2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Revenue</td> <td> </td> <td id="xdx_98C_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaGroupMember_zj1CYS75kAj" style="text-align: right" title="Revenue">1,019,278</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>P&amp;L</td> <td> </td> <td id="xdx_98F_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--EstrelaGroupMember_zAp82XsfIzl7" style="text-align: right" title="Profit and loss"> (36,778)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(a)</td> <td style="text-align: justify; width: 98%">Impact on the Company's consolidated financial statements in 2025.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: left; width: 2%">(b)</td> <td style="text-align: left; width: 98%">Impact on the Financial Statement if the acquisition date had occurred at the start of the 2025 fiscal year.</td></tr> </table> 763412000 -16912000 1019278000 -36778000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--DisclosureOfGeneralInformationOnAcquisitionsExplanatory_pn3n3_zQyUesFLXTH4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 7)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B6_zLUk4Tkgf2h9" style="display: none">Schedule of general information acquisitions</span></td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 53%"> </td> <td style="width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; width: 15%">Galvacolor <span style="font: normal 700 8pt Helvetica light">⁽¹⁾</span></td> <td style="text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; width: 16%">Gramperfil <span style="font: normal 700 8pt Helvetica light">⁽²⁾</span></td> <td style="text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; width: 13%">Globaldot <span style="font: normal 700 8pt Helvetica light">⁽³⁾</span></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Acquisition date</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90A_eifrs-full--DateOfAcquisition2013_dd_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zfFrcAZSoupf" title="Acquisition date">11/18/2025</span></td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90B_eifrs-full--DateOfAcquisition2013_dd_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zaVSeml3WrK3" title="Acquisition date">03/23/2025</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90B_eifrs-full--DateOfAcquisition2013_dd_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zPksLdPi5AIe" title="Acquisition date">5/12/2025</span></td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Percentage ("%") acquired of the share capital</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90D_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zscBXiR9BY3i" title="Percentage acquired of the share capital">100</span>%</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90D_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zFT2avENggd4" title="Percentage acquired of the share capital">90</span>%</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_909_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zORaE9rSRfZe" title="Percentage acquired of the share capital">80</span>%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Price paid (Consideration transferred) - R$</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--GainRecognisedInBargainPurchaseTransaction_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zSWUKzRI6cib" style="text-align: right" title="Consideration transferred">291,013</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--GainRecognisedInBargainPurchaseTransaction_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zADYlGLYXhQg" style="text-align: right" title="Consideration transferred"> 73,128</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--GainRecognisedInBargainPurchaseTransaction_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zGb3VSfTyYs2" style="text-align: right" title="Consideration transferred"> 50,891</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Galvacolor, which was acquired by CSN, maintains industrial operations dedicated to the galvanization and painting of flat steels. The company largely maintains operations in the civil construction sector. This transaction expanded the Company's portfolio of coated products and strengthened its competitive positioning on the European market.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">Gramperfil, which was acquired by CSN Steel S.L., specializes in the manufacture of metal structural profiles and accessories used in the construction sector. This acquisition allows the Company to expand its operations in the market segment for structural solutions and offers greater proximity to end customers and an increase in operating margin.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">Global Dot, which was indirectly acquired by CSN through its subsidiaries CSN Inova Ventures and CSN Inova Soluções S.A., provide complete fleet management services with a focus on improving internal logistics and improving processes used in making requests, scheduling, execution, measuring contracts and sizing fleets. This acquisition is in line with the Company's integration strategy, aiming at providing greater synergy, productivity and reducing costs through a single technological platform.</td></tr> </table> 2025-11-18 2025-03-23 2025-05-12 1 0.90 0.80 291013000 73128000 50891000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--DisclosureOfFairValueOfAssetAcquiredAndLiabilitiesAssumedExplanatory_zm7cWIHfP4Y4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 8)"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; font-weight: bold; text-align: left"><span id="xdx_8B5_zMM7ccNnXi22" style="display: none">Schedule of fair value of assets acquired and liabilities assumed</span></td> <td> </td> <td id="xdx_496_20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zbGer9MVx0lk" style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_496_20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zQ9lHDDpYlLh" style="text-align: center"> </td> <td id="xdx_493_20251231_zTQYZ0cAk17b" style="font-weight: bold; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 62%"> </td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 14%">Galvacolor</td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 11%">Gramperfil</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 10%">Total</td></tr> <tr id="xdx_40C_ecustom--FairValueOfAcquiredAssetsAbstract_iB_zYVuXoemazn3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Fair Value of Acquired Assets:</td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_407_ecustom--CurrentAssetRecognisedAsOfAcquisitionDateAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current Assets</td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_406_ecustom--CashAndCashEquivalentRecognisedAsOfAcquisitionDate_iI_pn3n3_z0J848XggKt9" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Cash and cash equivalents</td> <td> </td> <td style="text-align: right"> 4,914</td> <td style="text-align: right"> </td> <td style="text-align: right">13,261</td> <td style="font-weight: bold; text-align: right">18,175</td></tr> <tr id="xdx_402_ecustom--TradeAndOtherRecieivablesRecognisedAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Trade receivables</td> <td> </td> <td style="text-align: right"> 42,285</td> <td style="text-align: right"> </td> <td style="text-align: right">23,704</td> <td style="font-weight: bold; text-align: right">65,989</td></tr> <tr id="xdx_407_eifrs-full--InventoryRecognisedAsOfAcquisitionDate_iI_pn3n3_z8hXp2wW74Gk" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Inventories</td> <td> </td> <td style="text-align: right">193,943</td> <td style="text-align: right"> </td> <td style="text-align: right">23,621</td> <td style="font-weight: bold; text-align: right">217,564</td></tr> <tr id="xdx_40D_ecustom--RecoverableTaxesAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Recoverable taxes</td> <td> </td> <td style="text-align: right"> 24,087</td> <td style="text-align: right"> </td> <td style="text-align: right">1,809</td> <td style="font-weight: bold; text-align: right">25,896</td></tr> <tr id="xdx_40C_ecustom--OtherAssetsAsOfAcquisitionDate_iI_pn3n3_zyqHy2ygBr4a" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Other assets</td> <td> </td> <td style="text-align: right"> 2,346</td> <td style="text-align: right"> </td> <td style="text-align: right">1,360</td> <td style="font-weight: bold; text-align: right"> 3,706</td></tr> <tr id="xdx_409_ecustom--NoncurrentAssetsRecognisedAsOfAcquisitionDateAbstract_iB_pn3n3_z4NMko1x1by1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Non-current Assets </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold"> </td></tr> <tr id="xdx_409_eifrs-full--DeferredTaxAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Deferred taxes</td> <td> </td> <td style="text-align: right"> 3,210</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> 3,210</td></tr> <tr id="xdx_40D_ecustom--NonCurrentOtherAssetsAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Other assets</td> <td> </td> <td style="text-align: right">51</td> <td style="text-align: right"> </td> <td style="text-align: right">22</td> <td style="font-weight: bold; text-align: right">73</td></tr> <tr id="xdx_409_eifrs-full--PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Property, plant and equipment </td> <td> </td> <td style="text-align: right">167,685</td> <td style="text-align: right"> </td> <td style="text-align: right">30,389</td> <td style="font-weight: bold; text-align: right">198,074</td></tr> <tr id="xdx_40E_ecustom--IntangibleAssetsAsOfAcquisitionDate_iI_pn3n3_zKCV2cdd63E9" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Intangible assets </td> <td> </td> <td style="text-align: right">46</td> <td style="text-align: right"> </td> <td style="text-align: right">42</td> <td style="font-weight: bold; text-align: right">88</td></tr> <tr id="xdx_40B_eifrs-full--CurrentAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: left"><b style="display: none">Total assets acquired</b> </td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">438,567</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">94,208</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">532,775</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_406_ecustom--FairValueOfAssumedLiabilitiesAbstract_iB" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Fair Value of Assumed Liabilities:</td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40D_ecustom--CurrentLiabilitiesAsOfAcquisitionDateAbstract_iB_zHy5wElnzvZ8" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current Liabilities </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40C_eifrs-full--TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_iI_pn3n3_z0W41kH0Lwja" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Trade payables</td> <td> </td> <td style="text-align: right">115,669</td> <td style="text-align: right"> </td> <td style="text-align: right">7,017</td> <td style="font-weight: bold; text-align: right">122,686</td></tr> <tr id="xdx_40E_eifrs-full--BorrowingsRecognisedAsOfAcquisitionDate_iI_pn3n3_zVvvvSenc3r7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Borrowings and financing </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right">11,718</td> <td style="font-weight: bold; text-align: right">11,718</td></tr> <tr id="xdx_408_ecustom--TaxesPayableAsOfAcquisitionDate_iI_pn3n3_zlgqaK0RLdEd" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Taxes payable</td> <td> </td> <td style="text-align: right"> 26,947</td> <td style="text-align: right"> </td> <td style="text-align: right">2,143</td> <td style="font-weight: bold; text-align: right">29,090</td></tr> <tr id="xdx_405_ecustom--OtherPayablesAsOfAcquisitionDate_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 30px; text-align: left">Other payables</td> <td> </td> <td style="text-align: right"> 4,938</td> <td style="text-align: right"> </td> <td style="text-align: right"> 202</td> <td style="font-weight: bold; text-align: right"> 5,140</td></tr> <tr id="xdx_401_eifrs-full--ContractLiabilitiesRecognisedAsOfAcquisitionDate_iI_pn3n3" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom"><b style="display: none">Total liabilities assumed</b> </td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">147,554</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">21,080</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">168,634</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="color: red; font-weight: bold; text-align: right"> </td> <td> </td> <td style="color: red; font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_405_ecustom--TotalOfIdentifiableNetAssetsAtFairValue_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total of Identifiable Net Assets at Fair Value</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">291,013</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">73,128</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">364,141</td></tr> </table> 4914000 13261000 18175000 42285000 23704000 65989000 193943000 23621000 217564000 24087000 1809000 25896000 2346000 1360000 3706000 3210000 3210000 51000 22000 73000 167685000 30389000 198074000 46000 42000 88000 438567000 94208000 532775000 115669000 7017000 122686000 11718000 11718000 26947000 2143000 29090000 4938000 202000 5140000 147554000 21080000 168634000 291013000 73128000 364141000 11728000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--DisclosureOfGoodwillOnAcquisitionToControlExplanatory_hifrs-full--BusinessCombinationsAxis__custom--GalvacolorGramperfilAndGlobaldotMember_zOuiZj7TdEw9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 9)"> <tr> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"><span id="xdx_8BB_zODuu9kzpw8h" style="display: none">Schedule of goodwill on acquisition</span></td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td id="xdx_496_20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zQ8mhUtS9Jqe" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td id="xdx_49E_20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zjTbjmDOaXWk" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_494_20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zdVMSsJ5Hoqb" style="vertical-align: middle; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 40%"> </td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 13%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; vertical-align: middle; width: 13%">Galvacolor</td> <td style="text-align: center; vertical-align: middle; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; vertical-align: middle; width: 14%">Gramperfil</td> <td style="text-align: center; vertical-align: middle; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; vertical-align: middle; width: 14%">Globaldot</td></tr> <tr id="xdx_406_ecustom--AcquisitionPrice_iI_pn3n3_zIodJPZuup38" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Total acquisition price</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center">A</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">291,013</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> 73,128</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> 50,891</td></tr> <tr id="xdx_408_ecustom--AcquisitiondateFairValueOfTotalConsiderationsTransferred_iI_pn3n3_zVDCs1x65QL1" style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Fair value of net assets</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center">B</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">291,013</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> 73,128</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 11,728</td></tr> <tr id="xdx_405_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iI_pn3n3_z7fpon103GPd" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Goodwill <span style="font: normal 700 8pt Helvetica light">⁽¹⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: center">= ( A - B )</td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 39,163</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0px"></td><td style="width: 2%">(1)</td><td style="text-align: justify">Provisional goodwill recognized in acquisitions is mainly attributed to:</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Expected operational and commercial synergies,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Gains in scale,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Logistics integration,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Specialized workforce,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Expansion of market presence,</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 14.2pt"></td><td style="width: 14.15pt"><span style="font-family: Wingdings; font-size: 8pt">§</span></td><td style="text-align: left"><span style="font-family: Helvetica light,serif; font-size: 8pt">Expected future profitability.</span></td></tr></table> 291013000 73128000 50891000 291013000 73128000 11728000 39163000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--DisclosureOfRevenueAndResultsExplanatory_hifrs-full--BusinessCombinationsAxis__custom--GalvacolorGramperfilAndGlobaldotMember_z3VHLPUZQm5l" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 10)"> <tr style="vertical-align: bottom; background-color: white"> <td><span id="xdx_8B4_zra7oO19DMKk" style="display: none">Schedule of revenue and results</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; width: 31%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 16%">Galvacolor</td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 17%">Gramperfil</td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 17%">Global Dot*</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 15%"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle">Period (from - to) <span style="font: normal 700 8pt Helvetica light">^a</span></td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">11/18/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">03/23/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">12/05/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Revenue</td> <td> </td> <td id="xdx_981_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20251118__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zSeTliLXH0M6" style="text-align: right" title="Revenue"> 18,301</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250323__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_z5HrhE2bP2ug" style="text-align: right" title="Revenue">80,886</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--TotalAMember_zSDgv9kmbYMj" style="text-align: right" title="Revenue">99,187</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>P&amp;L</td> <td> </td> <td id="xdx_986_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20251118__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zapK4NL46da7" style="text-align: right" title="Profit and loss">(4,543)</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250323__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zG3PWYtfpvl2" style="text-align: right" title="Profit and loss">5,328</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--TotalAMember_zPODJlPSdxwj" style="text-align: right" title="Profit and loss">785</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle">Period (from - to) <span style="font: normal 700 8pt Helvetica light">^b</span></td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">01/01/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">01/01/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">01/01/2025 to 12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Revenue</td> <td> </td> <td id="xdx_980_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zQpUjvajMLL" style="text-align: right" title="Revenue"> 315,216</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zhvAwVNnCG49" style="text-align: right" title="Revenue">113,179</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zNQoU3CfLxig" style="text-align: right" title="Revenue">26,349</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--RevenueOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--TotalBMember_zTTrFQn5Dnu2" style="text-align: right" title="Revenue">454,744</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>P&amp;L</td> <td> </td> <td id="xdx_988_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GalvacolorMember_zHjHl8cPXMK3" style="text-align: right" title="Profit and loss">(75,802)</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GramperfilMember_zWWU0cVDNOjd" style="text-align: right" title="Profit and loss">6,299</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--GlobaldotMember_zNdY8Vtm25q3" style="text-align: right" title="Profit and loss">9,838</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--ProfitLossOfCombinedEntity_pn3n3_c20250101__20251231__ifrs-full--BusinessCombinationsAxis__custom--TotalBMember_zEkjnsJFRtN6" style="text-align: right" title="Profit and loss"> (59,665)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Considering that the acquisition was completed on December 5, 2025, and there was no material transactions made in the last month of the year, there was no impact on the Company's financial statements.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(a)</td> <td style="text-align: justify; width: 98%">Impact on the Company's consolidated financial statements in 2025.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(b)</td> <td style="text-align: justify; width: 98%">Impact on the financial statements if the acquisition date had occurred at the start of the 2025 fiscal year.</td></tr> </table> 18301000 80886000 99187000 -4543000 5328000 785000 315216000 113179000 26349000 454744000 -75802000 6299000 9838000 -59665000 <p id="xdx_80B_eifrs-full--DisclosureOfCashAndCashEquivalentsExplanatory_zlfVp9xWzNh8" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>4.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_82E_zGwXdQvZZDo1">CASH AND CASH EQUIVALENTS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--ScheduleOfCashAndCashEquivalentTableTextBlock_pn3n3_zOzkofewKd34" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - CASH AND CASH EQUIVALENTS (Details)"> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left"><span id="xdx_8B8_zvPfAXhWz6xf" style="display: none">Schedule of cash and cash equivalents</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="background-color: white; width: 58%"> </td> <td style="font-weight: bold; width: 20%"> </td> <td style="font-weight: bold; background-color: white; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 21%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Cash and banks</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 30px; text-align: left">In Brazil</td> <td id="xdx_98B_eifrs-full--BalancesWithBanks_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--BRMember_zJxSs3YONJZ8" style="text-align: right" title="Cash and banks">1,178,037</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--BalancesWithBanks_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--BRMember_z5IoxE3g9hLa" style="text-align: right" title="Cash and banks">701,494</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Abroad</td> <td id="xdx_989_eifrs-full--BalancesWithBanks_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--AbroadMember_zA1Y7kJtWABj" style="text-align: right" title="Cash and banks">5,626,095</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--BalancesWithBanks_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--AbroadMember_ziTPXHMSfEP5" style="text-align: right" title="Cash and banks">13,318,603</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_983_eifrs-full--BalancesWithBanks_iI_pn3n3_c20251231_zqtQ2rRpauqk" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Cash and banks">6,804,132</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--BalancesWithBanks_pn3n3_c20241231_zSpo2FRa555" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Cash and banks">14,020,097</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; font-weight: bold; text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Financial investments</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">In Brazil</td> <td id="xdx_988_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--BRMember_zNfJVS5FYB4e" style="text-align: right" title="Total short-term investments">5,509,312</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--BRMember_zMXSJcSeRbI6" style="text-align: right" title="Total short-term investments">7,688,051</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 30px; text-align: left">Abroad</td> <td id="xdx_98D_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--AbroadMember_zxe990SZQdA6" style="text-align: right" title="Total short-term investments">2,107,578</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--AbroadMember_zSrLpv6FnW3h" style="text-align: right" title="Total short-term investments">1,602,049</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_985_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_iI_pn3n3_c20251231_z96NPsbM2Z06" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total short-term investments">7,616,890</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_pn3n3_c20241231_zsRtNvkUJM97" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total short-term investments">9,290,100</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_98A_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20251231_zMLvUBMj3Im1" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Cash and cash equivalents">14,421,022</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--CashAndCashEquivalents_pn3n3_c20241231_ziXEQo9K4Lv8" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Cash and cash equivalents">23,310,197</td></tr> </table> <p id="xdx_8A8_zV3BBMsqKDSl" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The financial resources available in the Brazil are primarily invested in private and public securities with income linked to the variation of Interbank Deposit Certificates (CDI) and repurchase and resale agreements backed by fixed income securities. The Company applies part of the resources through exclusive investment funds, whose financial statements were consolidated.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Overseas financial resources are held in dollars and euros and are invested in TD (Time Deposit) transactions at pre-fixed rates as well as in accounts subject to automatic remuneration and daily liquidity. Yields are pegged to FED Funds and the ECB’s deposit rate. Bank counterparties are first-rate by Management.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Cash and cash equivalents include cash, bank deposits and other short-term investments of immediate liquidity, redeemable within 90 days of the contracting date, readily convertible into an amount known as cash and with presenting insignificant risk of change in market value.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--ScheduleOfCashAndCashEquivalentTableTextBlock_pn3n3_zOzkofewKd34" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - CASH AND CASH EQUIVALENTS (Details)"> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left"><span id="xdx_8B8_zvPfAXhWz6xf" style="display: none">Schedule of cash and cash equivalents</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="background-color: white; width: 58%"> </td> <td style="font-weight: bold; width: 20%"> </td> <td style="font-weight: bold; background-color: white; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 21%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Cash and banks</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 30px; text-align: left">In Brazil</td> <td id="xdx_98B_eifrs-full--BalancesWithBanks_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--BRMember_zJxSs3YONJZ8" style="text-align: right" title="Cash and banks">1,178,037</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--BalancesWithBanks_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--BRMember_z5IoxE3g9hLa" style="text-align: right" title="Cash and banks">701,494</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">Abroad</td> <td id="xdx_989_eifrs-full--BalancesWithBanks_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--AbroadMember_zA1Y7kJtWABj" style="text-align: right" title="Cash and banks">5,626,095</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--BalancesWithBanks_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--AbroadMember_ziTPXHMSfEP5" style="text-align: right" title="Cash and banks">13,318,603</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_983_eifrs-full--BalancesWithBanks_iI_pn3n3_c20251231_zqtQ2rRpauqk" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Cash and banks">6,804,132</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--BalancesWithBanks_pn3n3_c20241231_zSpo2FRa555" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Cash and banks">14,020,097</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; font-weight: bold; text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Financial investments</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">In Brazil</td> <td id="xdx_988_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--BRMember_zNfJVS5FYB4e" style="text-align: right" title="Total short-term investments">5,509,312</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--BRMember_zMXSJcSeRbI6" style="text-align: right" title="Total short-term investments">7,688,051</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 30px; text-align: left">Abroad</td> <td id="xdx_98D_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--AbroadMember_zxe990SZQdA6" style="text-align: right" title="Total short-term investments">2,107,578</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--AbroadMember_zSrLpv6FnW3h" style="text-align: right" title="Total short-term investments">1,602,049</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_985_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_iI_pn3n3_c20251231_z96NPsbM2Z06" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total short-term investments">7,616,890</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--ShorttermInvestmentsClassifiedAsCashEquivalents_pn3n3_c20241231_zsRtNvkUJM97" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total short-term investments">9,290,100</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_98A_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20251231_zMLvUBMj3Im1" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Cash and cash equivalents">14,421,022</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--CashAndCashEquivalents_pn3n3_c20241231_ziXEQo9K4Lv8" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Cash and cash equivalents">23,310,197</td></tr> </table> 1178037000 701494000 5626095000 13318603000 6804132000 14020097000 5509312000 7688051000 2107578000 1602049000 7616890000 9290100000 14421022000 23310197000 <p id="xdx_803_ecustom--DisclosureOfFinancialInvestmentsExplanatory_zOIX3MdsxRFi" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>5.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_82C_zMRCbiOQMuuf">FINANCIAL INVESTMENTS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfInformationOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodTableTextBlock_pn3n3_zVKAJPLE7FI3" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INVESTMENTS (Details)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B2_zf9vtkiHKFJ2" style="display: none">Schedule of financial investments</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 30%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 15%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 21%"> </td> <td style="border-bottom: Black 0.5pt solid; background-color: white; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 15%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 15%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Current</td> <td style="font-weight: bold; background-color: white"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Non-current</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Investments <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_ecustom--FinancialInvestmentCurrent_pn3n3_c20250101__20251231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--InvestmentMember_zNy0CbWKVHvl" style="text-align: right" title="Current"> 270,318</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialInvestmentCurrent_pn3n3_c20240101__20241231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--InvestmentMember_zRGJv2vwnJQl" style="text-align: right" title="Current">50,787</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialInvestmentNonCurrent_pn3n3_c20250101__20251231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--InvestmentMember_z0T0xzbR3dLg" style="text-align: right" title="NonCurrent"> 25,257</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInvestmentNonCurrent_pn3n3_c20240101__20241231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--InvestmentMember_zIT2SOcn1bui" style="text-align: right" title="NonCurrent"> 27,554</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Usiminas shares <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialInvestmentCurrent_pn3n3_c20250101__20251231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--UsiminasSharesMember_zyJYBsAZAJDc" style="text-align: right" title="Current"> 372,397</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--FinancialInvestmentCurrent_pn3n3_c20240101__20241231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--UsiminasSharesMember_zcQo6SQTKJb" style="text-align: right" title="Current">860,591</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Bonds <span style="font: normal 400 8pt HELVETICA LIGHT">⁽³⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td colspan="2" style="text-align: right">- </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--FinancialInvestmentNonCurrent_pn3n3_c20240101__20241231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BondMember_zOIKmAOXalTd" style="text-align: right" title="NonCurrent"> 142,423</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold"> </td> <td> </td> <td id="xdx_986_ecustom--FinancialInvestmentCurrent_pn3n3_c20250101__20251231_zt8d5acrUDE4" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Current"> 642,715</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--FinancialInvestmentCurrent_pn3n3_c20240101__20241231_zBhULTQOlwYj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Current">911,378</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--FinancialInvestmentNonCurrent_pn3n3_c20250101__20251231_zzN4cHhqZSMf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current"> 25,257</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--FinancialInvestmentNonCurrent_pn3n3_c20240101__20241231_zzRhDo0rivpe" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current"> 169,977</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1) </td> <td style="text-align: justify; width: 98%">Financial investments are restricted and linked to a Bank Deposit Certificate (CDB) used to secure a bank-issued letter of guarantee with financial institutions and Government bonds (LFT - Financial Treasury Bills) managed by the Company’s exclusive funds. Subsidiary CSN Cimentos Brasil maintains investments with restricted availability as collateral for a liability, for which the redemption term is indefinite. The investment balance totaled R$3,649 on December 31, 2025 (R$8,497 on December 31, 2024). The subsidiaries Estanho de Rondônia S.A. and Elizabeth Cimentos S.A. hold investments linked to financing agreements that will mature in 2028 and 2030, respectively, in the amount of R$ 21,214 (R$19,057 on December 31, 2024). An investment in the amount of R$243,624 from CSN Steel S.L.U. linked to the acquisition of Galvacolor and for which the redemption term is for November 2026 is also recorded in the consolidated.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">The Company sold part of Usiminas' shares at market value according to the quotation provided on the transaction date, with a portion received immediately and the remainder in installments (see note 9). The investment’s final equity after the transaction was 4.99%.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">Bonds held with Banco Fibra maturing in February 2028 were settled in advance on December 22, 2025 (see note 24.b).</td></tr> </table> <p id="xdx_8A7_zuX1A4sZuxtd" style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Financial investments that are not classified as cash equivalents are measured at amortized cost and fair value through profit or loss. Investments that are subject to restrictions on redemption are held to maturity and recorded at amortized cost and classified under non-current assets whenever maturity exceeds a period of 12 months.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfInformationOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodTableTextBlock_pn3n3_zVKAJPLE7FI3" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INVESTMENTS (Details)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B2_zf9vtkiHKFJ2" style="display: none">Schedule of financial investments</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 30%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 15%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 21%"> </td> <td style="border-bottom: Black 0.5pt solid; background-color: white; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 15%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 15%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Current</td> <td style="font-weight: bold; background-color: white"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Non-current</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Investments <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_ecustom--FinancialInvestmentCurrent_pn3n3_c20250101__20251231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--InvestmentMember_zNy0CbWKVHvl" style="text-align: right" title="Current"> 270,318</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialInvestmentCurrent_pn3n3_c20240101__20241231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--InvestmentMember_zRGJv2vwnJQl" style="text-align: right" title="Current">50,787</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialInvestmentNonCurrent_pn3n3_c20250101__20251231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--InvestmentMember_z0T0xzbR3dLg" style="text-align: right" title="NonCurrent"> 25,257</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInvestmentNonCurrent_pn3n3_c20240101__20241231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--InvestmentMember_zIT2SOcn1bui" style="text-align: right" title="NonCurrent"> 27,554</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Usiminas shares <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialInvestmentCurrent_pn3n3_c20250101__20251231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--UsiminasSharesMember_zyJYBsAZAJDc" style="text-align: right" title="Current"> 372,397</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--FinancialInvestmentCurrent_pn3n3_c20240101__20241231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--UsiminasSharesMember_zcQo6SQTKJb" style="text-align: right" title="Current">860,591</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Bonds <span style="font: normal 400 8pt HELVETICA LIGHT">⁽³⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td colspan="2" style="text-align: right">- </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--FinancialInvestmentNonCurrent_pn3n3_c20240101__20241231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BondMember_zOIKmAOXalTd" style="text-align: right" title="NonCurrent"> 142,423</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold"> </td> <td> </td> <td id="xdx_986_ecustom--FinancialInvestmentCurrent_pn3n3_c20250101__20251231_zt8d5acrUDE4" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Current"> 642,715</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--FinancialInvestmentCurrent_pn3n3_c20240101__20241231_zBhULTQOlwYj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Current">911,378</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--FinancialInvestmentNonCurrent_pn3n3_c20250101__20251231_zzN4cHhqZSMf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current"> 25,257</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--FinancialInvestmentNonCurrent_pn3n3_c20240101__20241231_zzRhDo0rivpe" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current"> 169,977</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1) </td> <td style="text-align: justify; width: 98%">Financial investments are restricted and linked to a Bank Deposit Certificate (CDB) used to secure a bank-issued letter of guarantee with financial institutions and Government bonds (LFT - Financial Treasury Bills) managed by the Company’s exclusive funds. Subsidiary CSN Cimentos Brasil maintains investments with restricted availability as collateral for a liability, for which the redemption term is indefinite. The investment balance totaled R$3,649 on December 31, 2025 (R$8,497 on December 31, 2024). The subsidiaries Estanho de Rondônia S.A. and Elizabeth Cimentos S.A. hold investments linked to financing agreements that will mature in 2028 and 2030, respectively, in the amount of R$ 21,214 (R$19,057 on December 31, 2024). An investment in the amount of R$243,624 from CSN Steel S.L.U. linked to the acquisition of Galvacolor and for which the redemption term is for November 2026 is also recorded in the consolidated.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">The Company sold part of Usiminas' shares at market value according to the quotation provided on the transaction date, with a portion received immediately and the remainder in installments (see note 9). The investment’s final equity after the transaction was 4.99%.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">Bonds held with Banco Fibra maturing in February 2028 were settled in advance on December 22, 2025 (see note 24.b).</td></tr> </table> 270318000 50787000 25257000 27554000 372397000 860591000 142423000 642715000 911378000 25257000 169977000 <p id="xdx_803_ecustom--DisclosureOfTradeAndOtherReceivableExplanatory_zvxmjo47k4B1" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>6.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_827_zYSZA4ggUOWj">TRADE RECEIVABLES</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_893_ecustom--ScheduleOfTradeReceivablesTableTextBlock_pn3n3_zH7eryjuUuoa" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE RECEIVABLES (Details)"> <tr style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; font-weight: bold; text-align: left"><span id="xdx_8B0_znHiwFbG5VMb" style="display: none">Schedule of trade receivables</span></td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="color: red; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 57%"> </td> <td style="width: 10%"> </td> <td style="font-weight: bold; text-align: left; width: 16%"> </td> <td style="font-weight: bold; text-align: left; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">Ref.</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Trade receivables</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Third parties</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="color: red; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">In Brazil</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_980_ecustom--GrossTradeReceivable_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--GeographicalAreasAxis__ifrs-full--CountryOfDomicileMember_zXUAUaVT2gh3" style="text-align: right" title="Trade receivable, before estimated losses on doubtful debts">1,241,180</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--GrossTradeReceivable_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--GeographicalAreasAxis__ifrs-full--CountryOfDomicileMember_z84jrnL3F188" style="text-align: right" title="Trade receivable, before estimated losses on doubtful debts"> 1,457,840</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 30px; text-align: left">Abroad</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98B_ecustom--GrossTradeReceivable_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--GeographicalAreasAxis__ifrs-full--ForeignCountriesMember_zEo0bv2yqMv6" style="text-align: right" title="Trade receivable, before estimated losses on doubtful debts">1,304,707</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--GrossTradeReceivable_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--GeographicalAreasAxis__ifrs-full--ForeignCountriesMember_zk3P6O4pUWIi" style="text-align: right" title="Trade receivable, before estimated losses on doubtful debts"> 1,563,075</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left"> </td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_987_ecustom--GrossTradeReceivable_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember_zoEeEpUZzRpe" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Trade receivable, before estimated losses on doubtful debts">2,545,887</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--GrossTradeReceivable_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember_zxEcoQ8UqlXb" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Trade receivable, before estimated losses on doubtful debts"> 3,020,915</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Estimated credit losses</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_98B_ecustom--AllowanceAccountForCreditLossesOfFinancialAsset_iNI_pn3n3_di_c20251231_znN62R4oMrB9" style="border-bottom: Black 0.5pt solid; text-align: right" title="Estimated losses on doubtful debts">(246,153)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--AllowanceAccountForCreditLossesOfFinancialAsset_iNI_pn3n3_di_c20241231_zFIieAnHd419" style="border-bottom: Black 0.5pt solid; text-align: right" title="Estimated losses on doubtful debts">(212,088)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td id="xdx_980_ecustom--TradeReceivableAfterAllowanceForDoubtfulDebts_iI_pn3n3_c20251231_zys0p34KHyC6" style="font-weight: bold; text-align: right" title="Trade receivable, after estimated losses on doubtful debts">2,299,734</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--TradeReceivableAfterAllowanceForDoubtfulDebts_iI_pn3n3_c20241231_zWORQYPZdBT6" style="font-weight: bold; text-align: right" title="Trade receivable, after estimated losses on doubtful debts"> 2,808,827</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Related parties</td> <td style="padding-left: 15px; text-align: left">24.b</td> <td id="xdx_98D_eifrs-full--TradeReceivables_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RelatedPartieMember_z3YYSffE10G5" style="border-bottom: Black 0.5pt solid; text-align: right" title="Trade receivables, related parties"> 97,299</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--TradeReceivables_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RelatedPartieMember_zHTLyv8tyFz2" style="border-bottom: Black 0.5pt solid; text-align: right" title="Trade receivables, related parties"> 92,171</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td id="xdx_985_eifrs-full--TradeReceivables_pn3n3_c20251231_zrSabdVmlG46" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Trade receivables">2,397,033</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--TradeReceivables_iI_pn3n3_c20241231_zWQYT9Jsuozg" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Trade receivables"> 2,900,998</td></tr> </table> <p id="xdx_8A7_z4IwhZOtRQr" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The composition of the gross balance of receivables from third party customers is shown as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfGrossTradeReceivablesFromThirdPartiesTableTextBlock_pn3n3_zclSWdR0atF5" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE RECEIVABLES (Details 1)"> <tr> <td style="vertical-align: middle"><span id="xdx_8B3_zL0M6al8RWDc" style="display: none">Schedule of gross accounts receivable from third party customers</span></td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 66%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; width: 16%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Current</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--GrossTradeReceivable1_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__ifrs-full--CurrentMember_zoGd7yvgLVUi" style="vertical-align: bottom; text-align: right" title="Gross trade receivable">1,928,230</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_ecustom--GrossTradeReceivable1_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__ifrs-full--CurrentMember_zpu64dWeUVJj" style="vertical-align: bottom; text-align: right" title="Gross trade receivable"> 2,522,661</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">Past-due up to 30 days</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_983_ecustom--GrossTradeReceivable1_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueUpTo30DaysMember_zu4L9fRBEdta" style="vertical-align: bottom; text-align: right" title="Gross trade receivable"> 322,295</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_ecustom--GrossTradeReceivable1_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueUpTo30DaysMember_zgvkzTCe0NMf" style="vertical-align: bottom; text-align: right" title="Gross trade receivable">180,249</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">Past-due up to 180 days</td> <td style="vertical-align: middle"> </td> <td id="xdx_984_ecustom--GrossTradeReceivable1_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueUpTo180DaysMember_zkz5T6JUa2g2" style="vertical-align: bottom; text-align: right" title="Gross trade receivable"> 71,947</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--GrossTradeReceivable1_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueUpTo180DaysMember_zRSfqdM82rl4" style="vertical-align: bottom; text-align: right" title="Gross trade receivable">139,106</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">Past-due over 180 days</td> <td style="vertical-align: middle"> </td> <td id="xdx_982_ecustom--GrossTradeReceivable1_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueOver180DaysMember_zHRyvicD8JFc" style="vertical-align: bottom; text-align: right" title="Gross trade receivable"> 223,415</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--GrossTradeReceivable1_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueOver180DaysMember_zArlsQM9SDC4" style="vertical-align: bottom; text-align: right" title="Gross trade receivable">178,899</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td> </td> <td id="xdx_980_ecustom--GrossTradeReceivable1_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember_zzuvtXHejJH" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Gross trade receivable">2,545,887</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--GrossTradeReceivable1_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember_znJz1PT318v1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Gross trade receivable"> 3,020,915</td></tr> </table> <p id="xdx_8A9_zYlsYEKvyj9a" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The changes in expected credit losses are as follows:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfChangesInAllowanceForDoubtfulDebtsTableTextBlock_zL4zV1jbBI6a" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE RECEIVABLES (Details 2)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8BC_zy09QU3V0O63" style="display: none">Schedule of changes in expected credit losses</span></td> <td style="background-color: white"> </td> <td id="xdx_49E_20250101__20251231_z9MlGzkTrue3" style="text-align: center; background-color: white"> </td> <td style="text-align: right; background-color: white"> </td> <td id="xdx_495_20240101__20241231_z7SE4nYFxI1j" style="text-align: center; background-color: white"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 66%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; width: 16%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr id="xdx_40F_ecustom--AllowanceAccountForCreditLossesOfFinancialAsset_iNS_pn3n3_di_zvG16lM0H6Lj" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Opening balance</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">(212,088)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">(226,053)</td></tr> <tr id="xdx_40B_ecustom--ExpectedAllowanceAccountForCreditLossesOfFinancialAssets_pn3n3_zJyPLmYggYw4" style="vertical-align: middle; background-color: White"> <td style="text-align: left">(Loss)/Reversal estimated</td> <td> </td> <td style="text-align: right">(32,660)</td> <td style="text-align: right"> </td> <td style="text-align: right"> 3,964</td></tr> <tr id="xdx_402_ecustom--ReversalAllowanceAccountForCreditLossesOfFinancialAsset_pn3n3_zHWJ7nSTCMhg" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Recovery and write-offs of receivables </td> <td> </td> <td style="text-align: right"> 6,164</td> <td style="text-align: right"> </td> <td style="text-align: right"> 10,001</td></tr> <tr id="xdx_403_eifrs-full--IncreaseDecreaseThroughAcquisitionOfSubsidiary_pn3n3_zcDD53Q0Uju5" style="vertical-align: middle; background-color: White"> <td style="text-align: left">Acquisition of stakes in subsidiaries</td> <td> </td> <td style="text-align: right">(7,569)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_402_ecustom--AllowanceAccountForCreditLossesOfFinancialAsset_iNE_pn3n3_di_zdulFsFXXRC3" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Closing balance</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(246,153)</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(212,088)</td></tr> </table> <p id="xdx_8A5_zz42gEThTPub" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company carries out credit assignment operations without co-obligation. After the assignment of the customer's trade bills/securities and receipt of the proceeds from the closing of each transaction, CSN settles the related receivables and fully discharges the credit risk of the transactions. Financial charges for the credit assignment operation in the year ending December 31, 2025, were R$<span id="xdx_90E_ecustom--FinancialExpense_pn3n3_c20250101__20251231_z0ZKfIcFPeX7" title="Financial expense">86,969</span> (R$<span id="xdx_90B_ecustom--FinancialExpense_pn3n3_c20240101__20241231_zRB1yrpcfIH6" title="Financial expense">45,587</span> on December 31, 2024) in the consolidated statements, classified under financial expense.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Receivables are initially recognized at the transaction price, if they do not contain financing components, and subsequently measured at amortized cost. When applicable, it is adjusted to present value including the respective taxes and ancillary expenses, and customer credits in foreign currency are adjusted at the exchange rate on the date of the financial statements.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company annually measures the expected credit losses for the instrument, where it considers all possible loss events over the life of its receivables, using a loss rate matrix by maturity range adopted by the Company, from the initial moment (recognition) of the asset. This model considers customers' history, default rate, financial situation and the position of their legal advisors to estimate expected credit losses.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In the Mining segment, receivables are provisionally priced at the date revenue is recognized and a provisional invoice issued. Provisionally priced receivables are subsequently measured at fair value through the income statement. The final selling price for all provisionally priced products is based on the price for the quotational period stipulated in the contract. The change in value of the provisionally priced receivable is based on relevant forward market prices and is included in sales revenue.</p> <p style="font: 12pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_893_ecustom--ScheduleOfTradeReceivablesTableTextBlock_pn3n3_zH7eryjuUuoa" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE RECEIVABLES (Details)"> <tr style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; font-weight: bold; text-align: left"><span id="xdx_8B0_znHiwFbG5VMb" style="display: none">Schedule of trade receivables</span></td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="color: red; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 57%"> </td> <td style="width: 10%"> </td> <td style="font-weight: bold; text-align: left; width: 16%"> </td> <td style="font-weight: bold; text-align: left; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">Ref.</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Trade receivables</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Third parties</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="color: red; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left">In Brazil</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_980_ecustom--GrossTradeReceivable_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--GeographicalAreasAxis__ifrs-full--CountryOfDomicileMember_zXUAUaVT2gh3" style="text-align: right" title="Trade receivable, before estimated losses on doubtful debts">1,241,180</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--GrossTradeReceivable_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--GeographicalAreasAxis__ifrs-full--CountryOfDomicileMember_z84jrnL3F188" style="text-align: right" title="Trade receivable, before estimated losses on doubtful debts"> 1,457,840</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 30px; text-align: left">Abroad</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98B_ecustom--GrossTradeReceivable_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--GeographicalAreasAxis__ifrs-full--ForeignCountriesMember_zEo0bv2yqMv6" style="text-align: right" title="Trade receivable, before estimated losses on doubtful debts">1,304,707</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--GrossTradeReceivable_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--GeographicalAreasAxis__ifrs-full--ForeignCountriesMember_zk3P6O4pUWIi" style="text-align: right" title="Trade receivable, before estimated losses on doubtful debts"> 1,563,075</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 30px; text-align: left"> </td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_987_ecustom--GrossTradeReceivable_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember_zoEeEpUZzRpe" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Trade receivable, before estimated losses on doubtful debts">2,545,887</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--GrossTradeReceivable_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember_zxEcoQ8UqlXb" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Trade receivable, before estimated losses on doubtful debts"> 3,020,915</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Estimated credit losses</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_98B_ecustom--AllowanceAccountForCreditLossesOfFinancialAsset_iNI_pn3n3_di_c20251231_znN62R4oMrB9" style="border-bottom: Black 0.5pt solid; text-align: right" title="Estimated losses on doubtful debts">(246,153)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--AllowanceAccountForCreditLossesOfFinancialAsset_iNI_pn3n3_di_c20241231_zFIieAnHd419" style="border-bottom: Black 0.5pt solid; text-align: right" title="Estimated losses on doubtful debts">(212,088)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td id="xdx_980_ecustom--TradeReceivableAfterAllowanceForDoubtfulDebts_iI_pn3n3_c20251231_zys0p34KHyC6" style="font-weight: bold; text-align: right" title="Trade receivable, after estimated losses on doubtful debts">2,299,734</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--TradeReceivableAfterAllowanceForDoubtfulDebts_iI_pn3n3_c20241231_zWORQYPZdBT6" style="font-weight: bold; text-align: right" title="Trade receivable, after estimated losses on doubtful debts"> 2,808,827</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Related parties</td> <td style="padding-left: 15px; text-align: left">24.b</td> <td id="xdx_98D_eifrs-full--TradeReceivables_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RelatedPartieMember_z3YYSffE10G5" style="border-bottom: Black 0.5pt solid; text-align: right" title="Trade receivables, related parties"> 97,299</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--TradeReceivables_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RelatedPartieMember_zHTLyv8tyFz2" style="border-bottom: Black 0.5pt solid; text-align: right" title="Trade receivables, related parties"> 92,171</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td id="xdx_985_eifrs-full--TradeReceivables_pn3n3_c20251231_zrSabdVmlG46" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Trade receivables">2,397,033</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--TradeReceivables_iI_pn3n3_c20241231_zWQYT9Jsuozg" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Trade receivables"> 2,900,998</td></tr> </table> 1241180000 1457840000 1304707000 1563075000 2545887000 3020915000 246153000 212088000 2299734000 2808827000 97299000 92171000 2397033000 2900998000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfGrossTradeReceivablesFromThirdPartiesTableTextBlock_pn3n3_zclSWdR0atF5" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE RECEIVABLES (Details 1)"> <tr> <td style="vertical-align: middle"><span id="xdx_8B3_zL0M6al8RWDc" style="display: none">Schedule of gross accounts receivable from third party customers</span></td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 66%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; width: 16%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Current</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--GrossTradeReceivable1_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__ifrs-full--CurrentMember_zoGd7yvgLVUi" style="vertical-align: bottom; text-align: right" title="Gross trade receivable">1,928,230</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_ecustom--GrossTradeReceivable1_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__ifrs-full--CurrentMember_zpu64dWeUVJj" style="vertical-align: bottom; text-align: right" title="Gross trade receivable"> 2,522,661</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">Past-due up to 30 days</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_983_ecustom--GrossTradeReceivable1_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueUpTo30DaysMember_zu4L9fRBEdta" style="vertical-align: bottom; text-align: right" title="Gross trade receivable"> 322,295</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_ecustom--GrossTradeReceivable1_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueUpTo30DaysMember_zgvkzTCe0NMf" style="vertical-align: bottom; text-align: right" title="Gross trade receivable">180,249</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">Past-due up to 180 days</td> <td style="vertical-align: middle"> </td> <td id="xdx_984_ecustom--GrossTradeReceivable1_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueUpTo180DaysMember_zkz5T6JUa2g2" style="vertical-align: bottom; text-align: right" title="Gross trade receivable"> 71,947</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--GrossTradeReceivable1_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueUpTo180DaysMember_zRSfqdM82rl4" style="vertical-align: bottom; text-align: right" title="Gross trade receivable">139,106</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">Past-due over 180 days</td> <td style="vertical-align: middle"> </td> <td id="xdx_982_ecustom--GrossTradeReceivable1_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueOver180DaysMember_zHRyvicD8JFc" style="vertical-align: bottom; text-align: right" title="Gross trade receivable"> 223,415</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--GrossTradeReceivable1_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember__ifrs-full--PastDueStatusAxis__custom--PastDueOver180DaysMember_zArlsQM9SDC4" style="vertical-align: bottom; text-align: right" title="Gross trade receivable">178,899</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td> </td> <td id="xdx_980_ecustom--GrossTradeReceivable1_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember_zzuvtXHejJH" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Gross trade receivable">2,545,887</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--GrossTradeReceivable1_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThirdPartiesMember_znJz1PT318v1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Gross trade receivable"> 3,020,915</td></tr> </table> 1928230000 2522661000 322295000 180249000 71947000 139106000 223415000 178899000 2545887000 3020915000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfChangesInAllowanceForDoubtfulDebtsTableTextBlock_zL4zV1jbBI6a" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE RECEIVABLES (Details 2)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8BC_zy09QU3V0O63" style="display: none">Schedule of changes in expected credit losses</span></td> <td style="background-color: white"> </td> <td id="xdx_49E_20250101__20251231_z9MlGzkTrue3" style="text-align: center; background-color: white"> </td> <td style="text-align: right; background-color: white"> </td> <td id="xdx_495_20240101__20241231_z7SE4nYFxI1j" style="text-align: center; background-color: white"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 66%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; width: 16%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr id="xdx_40F_ecustom--AllowanceAccountForCreditLossesOfFinancialAsset_iNS_pn3n3_di_zvG16lM0H6Lj" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Opening balance</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">(212,088)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">(226,053)</td></tr> <tr id="xdx_40B_ecustom--ExpectedAllowanceAccountForCreditLossesOfFinancialAssets_pn3n3_zJyPLmYggYw4" style="vertical-align: middle; background-color: White"> <td style="text-align: left">(Loss)/Reversal estimated</td> <td> </td> <td style="text-align: right">(32,660)</td> <td style="text-align: right"> </td> <td style="text-align: right"> 3,964</td></tr> <tr id="xdx_402_ecustom--ReversalAllowanceAccountForCreditLossesOfFinancialAsset_pn3n3_zHWJ7nSTCMhg" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Recovery and write-offs of receivables </td> <td> </td> <td style="text-align: right"> 6,164</td> <td style="text-align: right"> </td> <td style="text-align: right"> 10,001</td></tr> <tr id="xdx_403_eifrs-full--IncreaseDecreaseThroughAcquisitionOfSubsidiary_pn3n3_zcDD53Q0Uju5" style="vertical-align: middle; background-color: White"> <td style="text-align: left">Acquisition of stakes in subsidiaries</td> <td> </td> <td style="text-align: right">(7,569)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_402_ecustom--AllowanceAccountForCreditLossesOfFinancialAsset_iNE_pn3n3_di_zdulFsFXXRC3" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Closing balance</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(246,153)</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(212,088)</td></tr> </table> 212088000 226053000 -32660000 3964000 6164000 10001000 -7569000 246153000 212088000 86969000 45587000 <p id="xdx_807_eifrs-full--DisclosureOfInventoriesExplanatory_zoJeH0b8vDE5" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>7.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_828_zhemBCCnmGBb">INVENTORIES</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; color: red"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfInventoryTableTextBlock_pn3n3_zumZqepjeNvb" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INVENTORIES (Details)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8BD_zwNKz5795XBc" style="display: none">Schedule of inventories</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 67%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 16%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Finished goods</td> <td id="xdx_984_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--FinishedGoodsMember_zJ5U3cv90qE" style="text-align: right" title="Inventory gross">3,565,541</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--FinishedGoodsMember_zZnLY2Sv7al3" style="text-align: right" title="Inventory gross">4,250,175</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Work in progress</td> <td id="xdx_98F_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--WorkInProgressMember_z8PSwQuX4Eu4" style="text-align: right" title="Inventory gross">4,515,197</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--WorkInProgressMember_zIGlAb45dFB4" style="text-align: right" title="Inventory gross">3,976,448</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Raw materials</td> <td id="xdx_98F_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--RawMaterialsMember_zc5f5AiY4My" style="text-align: right" title="Inventory gross">2,804,157</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--RawMaterialsMember_zSSfWxrrXBHl" style="text-align: right" title="Inventory gross">2,845,578</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Storeroom supplies </td> <td id="xdx_98A_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--StoreoomSuppliesMember_z6CWAqwFA1Zb" style="text-align: right" title="Inventory gross">1,649,866</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--StoreoomSuppliesMember_zEKqsgZZNIF1" style="text-align: right" title="Inventory gross">1,255,176</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Advances to suppliers</td> <td id="xdx_980_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AdvancesToSuppliersMember_zCDMpcfD52L9" style="text-align: right" title="Inventory gross">99,325</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AdvancesToSuppliersMember_zaPdRoxSipp7" style="text-align: right" title="Inventory gross">23,463</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Provision for losses</td> <td id="xdx_987_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--ProvisionForLossesMember_zG54vLz6Nw96" style="text-align: right" title="Inventory gross">(105,060)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ProvisionForLossesMember_z4oRqAmKuDYk" style="text-align: right" title="Inventory gross">(149,927)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td id="xdx_983_ecustom--InventoryGrossAmount_pn3n3_c20251231_zY4EiEevLNqi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Inventory gross">12,529,026</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231_zXeNBjb4JPoa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Inventory gross">12,200,913</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Current</td> <td id="xdx_98A_eifrs-full--Inventories_iI_pn3n3_c20251231_z3LXagyQG56d" style="text-align: right" title="Current">10,455,500</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Inventories_iI_pn3n3_c20241231_zSVso5QZSvnk" style="text-align: right" title="Current">10,439,741</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Non-current <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td id="xdx_981_eifrs-full--NoncurrentInventories_iI_pn3n3_c20251231_fKDEp_zWYVL5D61Hze" style="text-align: right" title="Non-current">2,073,526</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--NoncurrentInventories_iI_pn3n3_c20241231_fKDEp_zUPbryDOLHt7" style="text-align: right" title="Non-current">1,761,172</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td id="xdx_98C_eifrs-full--InventoriesAtNetRealisableValue_pn3n3_c20251231_zou4KGL9xwpf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Inventoy, net">12,529,026</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--InventoriesAtNetRealisableValue_iI_pn3n3_c20241231_zBR1naB8Bglc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Inventoy, net">12,200,913</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0px"></td><td style="width: 2%"><span style="font-family: Helvetica light,serif; font-size: 8pt">(1)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 8pt">Long-term inventories of iron ore that will be processed when implementing new beneficiation plants, which will generate Pellet Feed as a final product. The start of operations is scheduled for the fourth quarter of 2028.</span></td></tr></table> <p id="xdx_8A6_zmCaixRQvWli" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The changes in expected losses on inventories are as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfChangesInExpectedLossesOnInventoriesTableTextBlock_pn3n3_zCD0XAX8zZwl" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INVENTORIES (Details 1)"> <tr> <td colspan="2" style="vertical-align: bottom; text-align: left"><span id="xdx_8BC_z969xTAWqEad" style="display: none">Schedule of changes in expected losses on inventories</span></td> <td id="xdx_49B_20250101__20251231_zIOVsW2w1Il6" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_493_20240101__20241231_zL8uUyu1LhCk" style="vertical-align: middle; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 66%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; width: 16%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr id="xdx_407_ecustom--InventoryNetOne_iS_zKsWPkc4KTRd" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Opening balance</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> (149,927)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">(121,871)</td></tr> <tr id="xdx_405_ecustom--ReversalestimatedLossesofInventoriesWithLowTurnoverAndObsolescence_zYTqFxSnEEy3" style="background-color: White"> <td colspan="2" style="vertical-align: bottom; text-align: left">Reversal/(Provision for losses) on inventories with low turnover and obsolescence </td> <td style="vertical-align: middle; text-align: right">44,867</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(28,056)</td></tr> <tr id="xdx_40E_ecustom--InventoryNetOne_iE_zlHB1Rf3gDd8" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Closing balance</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (105,060)</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(149,927)</td></tr> </table> <p id="xdx_8AD_zTrchoYbLjx4" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">They are recorded at the lower of cost and net realizable value. Cost is determined using the weighted average cost method in the acquisition of raw materials. The cost of finished products and work in progress comprises raw materials, labor, other direct and indirect costs (based on normal production capacity). The net realizable value is the estimated selling price in the normal course of business, less the estimated costs of completion and the estimated costs necessary to make the sale. Estimated losses in low turnover or obsolete inventories are constituted when considered necessary.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfInventoryTableTextBlock_pn3n3_zumZqepjeNvb" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INVENTORIES (Details)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8BD_zwNKz5795XBc" style="display: none">Schedule of inventories</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 67%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 16%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Finished goods</td> <td id="xdx_984_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--FinishedGoodsMember_zJ5U3cv90qE" style="text-align: right" title="Inventory gross">3,565,541</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--FinishedGoodsMember_zZnLY2Sv7al3" style="text-align: right" title="Inventory gross">4,250,175</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Work in progress</td> <td id="xdx_98F_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--WorkInProgressMember_z8PSwQuX4Eu4" style="text-align: right" title="Inventory gross">4,515,197</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--WorkInProgressMember_zIGlAb45dFB4" style="text-align: right" title="Inventory gross">3,976,448</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Raw materials</td> <td id="xdx_98F_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--RawMaterialsMember_zc5f5AiY4My" style="text-align: right" title="Inventory gross">2,804,157</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--RawMaterialsMember_zSSfWxrrXBHl" style="text-align: right" title="Inventory gross">2,845,578</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Storeroom supplies </td> <td id="xdx_98A_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--StoreoomSuppliesMember_z6CWAqwFA1Zb" style="text-align: right" title="Inventory gross">1,649,866</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--StoreoomSuppliesMember_zEKqsgZZNIF1" style="text-align: right" title="Inventory gross">1,255,176</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Advances to suppliers</td> <td id="xdx_980_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AdvancesToSuppliersMember_zCDMpcfD52L9" style="text-align: right" title="Inventory gross">99,325</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AdvancesToSuppliersMember_zaPdRoxSipp7" style="text-align: right" title="Inventory gross">23,463</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Provision for losses</td> <td id="xdx_987_ecustom--InventoryGrossAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--ProvisionForLossesMember_zG54vLz6Nw96" style="text-align: right" title="Inventory gross">(105,060)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ProvisionForLossesMember_z4oRqAmKuDYk" style="text-align: right" title="Inventory gross">(149,927)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td id="xdx_983_ecustom--InventoryGrossAmount_pn3n3_c20251231_zY4EiEevLNqi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Inventory gross">12,529,026</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--InventoryGrossAmount_iI_pn3n3_c20241231_zXeNBjb4JPoa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Inventory gross">12,200,913</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Current</td> <td id="xdx_98A_eifrs-full--Inventories_iI_pn3n3_c20251231_z3LXagyQG56d" style="text-align: right" title="Current">10,455,500</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Inventories_iI_pn3n3_c20241231_zSVso5QZSvnk" style="text-align: right" title="Current">10,439,741</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Non-current <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td id="xdx_981_eifrs-full--NoncurrentInventories_iI_pn3n3_c20251231_fKDEp_zWYVL5D61Hze" style="text-align: right" title="Non-current">2,073,526</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--NoncurrentInventories_iI_pn3n3_c20241231_fKDEp_zUPbryDOLHt7" style="text-align: right" title="Non-current">1,761,172</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td id="xdx_98C_eifrs-full--InventoriesAtNetRealisableValue_pn3n3_c20251231_zou4KGL9xwpf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Inventoy, net">12,529,026</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--InventoriesAtNetRealisableValue_iI_pn3n3_c20241231_zBR1naB8Bglc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Inventoy, net">12,200,913</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0px"></td><td style="width: 2%"><span style="font-family: Helvetica light,serif; font-size: 8pt">(1)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 8pt">Long-term inventories of iron ore that will be processed when implementing new beneficiation plants, which will generate Pellet Feed as a final product. The start of operations is scheduled for the fourth quarter of 2028.</span></td></tr></table> 3565541000 4250175000 4515197000 3976448000 2804157000 2845578000 1649866000 1255176000 99325000 23463000 -105060000 -149927000 12529026000 12200913000 10455500000 10439741000 2073526000 1761172000 12529026000 12200913000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfChangesInExpectedLossesOnInventoriesTableTextBlock_pn3n3_zCD0XAX8zZwl" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INVENTORIES (Details 1)"> <tr> <td colspan="2" style="vertical-align: bottom; text-align: left"><span id="xdx_8BC_z969xTAWqEad" style="display: none">Schedule of changes in expected losses on inventories</span></td> <td id="xdx_49B_20250101__20251231_zIOVsW2w1Il6" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_493_20240101__20241231_zL8uUyu1LhCk" style="vertical-align: middle; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 66%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; width: 16%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr id="xdx_407_ecustom--InventoryNetOne_iS_zKsWPkc4KTRd" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Opening balance</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> (149,927)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">(121,871)</td></tr> <tr id="xdx_405_ecustom--ReversalestimatedLossesofInventoriesWithLowTurnoverAndObsolescence_zYTqFxSnEEy3" style="background-color: White"> <td colspan="2" style="vertical-align: bottom; text-align: left">Reversal/(Provision for losses) on inventories with low turnover and obsolescence </td> <td style="vertical-align: middle; text-align: right">44,867</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(28,056)</td></tr> <tr id="xdx_40E_ecustom--InventoryNetOne_iE_zlHB1Rf3gDd8" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Closing balance</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (105,060)</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(149,927)</td></tr> </table> -149927000 -121871000 44867000 -28056000 -105060000 -149927000 <p id="xdx_809_ecustom--DisclosureOfRecoverableTaxesExplanatory_zm7NJbxuSmk3" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>8.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_821_z9E3hbJ9kVd4">RECOVERABLE TAXES</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfRecoverableTaxesTableTextBlock_pn3n3_zI1y0bAsaJp7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - RECOVERABLE TAXES (Details)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8BD_zatem1hTdIFa" style="display: none">Schedule of recoverable taxes</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 64%"> </td> <td style="font-weight: bold; background-color: white; width: 17%"> </td> <td style="font-weight: bold; background-color: white; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 18%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">ICMS (Brazilian State Value-Added Tax)</td> <td id="xdx_98D_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--StateValueAddedTaxMember_zAagkIeGGxea" style="text-align: right" title="Total recoverable taxes">2,323,633</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--StateValueAddedTaxMember_zTMVw2E2adhb" style="text-align: right" title="Total recoverable taxes"> 1,717,547</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Brazilian federal contributions <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td id="xdx_98C_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--BrazilianFederalContributionsMember_fKDEp_zrlJAf3SDiCd" style="text-align: right" title="Total recoverable taxes">2,846,259</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--BrazilianFederalContributionsMember_fKDEp_zCYNNhm9ryki" style="text-align: right" title="Total recoverable taxes"> 2,336,854</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Other taxes</td> <td id="xdx_98D_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherTaxesMember_z6WkFNPtc1C1" style="text-align: right" title="Total recoverable taxes">183,442</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherTaxesMember_zsi4Cu9POab1" style="text-align: right" title="Total recoverable taxes"> 112,866</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_98D_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20251231_zZo2NBik52mh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total recoverable taxes">5,353,334</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231_zoL4cTP3Kdbj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total recoverable taxes"> 4,167,267</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Current</td> <td id="xdx_988_eifrs-full--CurrentReceivablesFromTaxesOtherThanIncomeTax_pn3n3_c20251231_zyneexSxJdRb" style="text-align: right" title="Current">1,376,434</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231_zXBZRHieQjNk" style="text-align: right" title="Current"> 1,367,316</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Non-current</td> <td id="xdx_987_eifrs-full--NoncurrentReceivablesFromTaxesOtherThanIncomeTax_pn3n3_c20251231_z6gFz4Lahixf" style="text-align: right" title="Non-current">3,976,900</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--NoncurrentReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231_zBWbBuagGUhf" style="text-align: right" title="Non-current"> 2,799,951</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td id="xdx_981_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20251231_zC4XCLydyeH5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total recoverable taxes">5,353,334</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231_zofK6HemQhvj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total recoverable taxes"> 4,167,267</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">The Brazilian federal contributions balance mainly refers to PIS and COFINS, IRPJ and CSLL and IPI.</td></tr> </table> <p id="xdx_8AF_zwz5qfPugBkk" style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify">Accumulated tax credits generally derive from ICMS, PIS and COFINS credits on purchases of inputs and property, plant, and equipment used in production. These credits are generally realized through natural offsetting with debits for such taxes generated by sales operations and other taxed outputs.</p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify">The balance of recoverable taxes maintained over the short term is expected to be offset in the next 12 months. Based on budget analyses and projections approved by Management, there is no forecast for risks regarding the non-realization of such tax credits, provided that such budget projections materialize.</p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify">The increase in the ICMS balance for the period is mainly due to the increase in volume of credit generated by imports and the acquisition of third-party inputs and the growth of exports — which, although taxed at a rate of zero, increase the amount of ICMS credits to be recovered.</p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify">The increase in PIS and COFINS balances during the period mainly reflects the higher volume of import credits, the recognition of untimely credits from previous years and growth in exports, which increased the balance of credits to be recovered.</p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"> </td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Tax credits accumulated essentially derive from ICMS, PIS, and COFINS credits on input purchases and property, plant and equipment used in production, plus IRPJ and CSLL related to Selic rate updates on tax credits awaiting final legal resolution for compensation, classified in non-current assets. The realization of these credits generally occurs through natural offsetting with debits of these taxes, generated by sales operations and other taxed outputs.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfRecoverableTaxesTableTextBlock_pn3n3_zI1y0bAsaJp7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - RECOVERABLE TAXES (Details)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8BD_zatem1hTdIFa" style="display: none">Schedule of recoverable taxes</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 64%"> </td> <td style="font-weight: bold; background-color: white; width: 17%"> </td> <td style="font-weight: bold; background-color: white; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 18%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">ICMS (Brazilian State Value-Added Tax)</td> <td id="xdx_98D_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--StateValueAddedTaxMember_zAagkIeGGxea" style="text-align: right" title="Total recoverable taxes">2,323,633</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--StateValueAddedTaxMember_zTMVw2E2adhb" style="text-align: right" title="Total recoverable taxes"> 1,717,547</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Brazilian federal contributions <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td id="xdx_98C_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--BrazilianFederalContributionsMember_fKDEp_zrlJAf3SDiCd" style="text-align: right" title="Total recoverable taxes">2,846,259</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--BrazilianFederalContributionsMember_fKDEp_zCYNNhm9ryki" style="text-align: right" title="Total recoverable taxes"> 2,336,854</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Other taxes</td> <td id="xdx_98D_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherTaxesMember_z6WkFNPtc1C1" style="text-align: right" title="Total recoverable taxes">183,442</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherTaxesMember_zsi4Cu9POab1" style="text-align: right" title="Total recoverable taxes"> 112,866</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_98D_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20251231_zZo2NBik52mh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total recoverable taxes">5,353,334</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231_zoL4cTP3Kdbj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total recoverable taxes"> 4,167,267</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Current</td> <td id="xdx_988_eifrs-full--CurrentReceivablesFromTaxesOtherThanIncomeTax_pn3n3_c20251231_zyneexSxJdRb" style="text-align: right" title="Current">1,376,434</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231_zXBZRHieQjNk" style="text-align: right" title="Current"> 1,367,316</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Non-current</td> <td id="xdx_987_eifrs-full--NoncurrentReceivablesFromTaxesOtherThanIncomeTax_pn3n3_c20251231_z6gFz4Lahixf" style="text-align: right" title="Non-current">3,976,900</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--NoncurrentReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231_zBWbBuagGUhf" style="text-align: right" title="Non-current"> 2,799,951</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td id="xdx_981_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20251231_zC4XCLydyeH5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total recoverable taxes">5,353,334</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--ReceivablesFromTaxesOtherThanIncomeTax_iI_pn3n3_c20241231_zofK6HemQhvj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total recoverable taxes"> 4,167,267</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">The Brazilian federal contributions balance mainly refers to PIS and COFINS, IRPJ and CSLL and IPI.</td></tr> </table> 2323633000 1717547000 2846259000 2336854000 183442000 112866000 5353334000 4167267000 1376434000 1367316000 3976900000 2799951000 5353334000 4167267000 <p id="xdx_805_eifrs-full--DisclosureOfOtherNoncurrentAssetsExplanatory_zRel6vPAZ2e1" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>9.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_825_ziXS6h2hhOQi">OTHER CURRENT AND NON-CURRENT ASSETS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Other current and non-current assets are as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfOtherCurrentAndNoncurrentAssetsTableTextBlock_pn3n3_zuZohIefNHmj" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - OTHER CURRENT AND NON-CURRENT ASSETS (Details)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8B1_zbU5WsOIMUjd" style="display: none">Schedule of other current and non-current assets</span></td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right; width: 47%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="font-weight: bold; background-color: white; width: 11%"> </td> <td style="font-weight: bold; background-color: white; width: 1%"> </td> <td style="font-weight: bold; background-color: white; width: 11%"> </td> <td style="font-weight: bold; background-color: white; width: 1%"> </td> <td style="font-weight: bold; text-align: center; width: 11%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; background-color: white">Current</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; background-color: white"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Non-current</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center">Ref.</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; text-align: center; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Judicial deposits</td> <td style="text-align: center">22</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--JudicialDepositsMember_zeMiubaORvid" style="text-align: right" title="Other non-current assets">621,012</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--JudicialDepositsMember_zUZBiYXRk6t3" style="text-align: right" title="Other non-current assets">632,950</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Derivative transactions</td> <td style="text-align: center">15.a</td> <td id="xdx_98B_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeTransactionsMember_zbpfqJEYaNc4" style="text-align: right" title="Other current assets"> 494</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeTransactionsMember_zdihr6ZonRxg" style="text-align: right" title="Other current assets"> 152,967</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Dividends receivable</td> <td style="text-align: center">24.b</td> <td id="xdx_984_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivableMember_ztubigTV5Rph" style="text-align: right" title="Other current assets"> 76,026</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivableMember_zyfleyFcldv7" style="text-align: right" title="Other current assets"> 201,436</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Prepaid expenses</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--PrepaidExpensesMember_zk7yRvICjB91" style="text-align: right" title="Other current assets"> 493,924</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--PrepaidExpensesMember_zGdzRYj0vwL7" style="text-align: right" title="Other current assets"> 327,403</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherNoncurrentNonfinancialAssets_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--PrepaidExpensesMember_z93m43T8WhZh" style="text-align: right" title="Other non-current assets">14,732</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--PrepaidExpensesMember_zzHVjJ2kL2rh" style="text-align: right" title="Other non-current assets">9,770</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Actuarial asset</td> <td style="text-align: center">32</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialAssetMember_zEB5MMbD6Gue" style="text-align: right" title="Other non-current assets">53,328</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialAssetMember_zSj1er70wsIc" style="text-align: right" title="Other non-current assets">47,708</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Loans with related parties </td> <td style="text-align: center">24.b</td> <td id="xdx_987_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansWithRelatedPartiesMember_zetmwbkhVwl7" style="text-align: right" title="Other current assets">4,147</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansWithRelatedPartiesMember_z1Da51jg0BYh" style="text-align: right" title="Other current assets">5,315</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentAssets_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansWithRelatedPartiesMember_zLPRldd5Nlj6" style="text-align: right" title="Other non-current assets">2,137,882</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansWithRelatedPartiesMember_zBMJy8SlH0g6" style="text-align: right" title="Other non-current assets">1,903,028</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Other receivables from related parties </td> <td style="text-align: center">24.b</td> <td id="xdx_98D_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesFromRelatedPartiesMember_z48hqrzJtMe9" style="text-align: right" title="Other current assets">1,831</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesFromRelatedPartiesMember_zOm55rkyOzy2" style="text-align: right" title="Other current assets">1,831</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesFromRelatedPartiesMember_zu6utInxoo19" style="text-align: right" title="Other non-current assets">1,792,579</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Trading securities</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_984_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradingSecurityMember_zxUJ4awtysGb" style="text-align: right" title="Other current assets">2,598</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradingSecurityMember_zGDeuI6uSKu3" style="text-align: right" title="Other current assets">2,947</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Compulsory loans from Eletrobrás <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CompulsoryLoansFromEletrobrasMember_fKDEp_zypUXKSmfD96" style="text-align: right" title="Other non-current assets">3,787</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CompulsoryLoansFromEletrobrasMember_fKDEp_zP1Zm7OkA3wi" style="text-align: right" title="Other non-current assets">51,012</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Employee debts</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_98B_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--EmployeesDebtsMember_zLWF1dZinZue" style="text-align: right" title="Other current assets"> 120,327</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--EmployeesDebtsMember_zu56Pyxck6nb" style="text-align: right" title="Other current assets"> 92,628</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Receivables by indemnity <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--ReceivablesByIndemnityMember_fKDIp_zovc2r4Lu0Al" style="text-align: right" title="Other non-current assets">779,827</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ReceivablesByIndemnityMember_fKDIp_z5ztjPErZDS2" style="text-align: right" title="Other non-current assets">790,914</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Receivables - Usiminas Shares <span style="font: normal 400 8pt HELVETICA LIGHT">⁽³⁾</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_984_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--ReceivablesUsiminasSharesMember_zydXVaIvWSng" style="text-align: right" title="Other current assets"> 192,911</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--ReceivablesUsiminasSharesMember_zqOHMjkFA7Q3" style="text-align: right" title="Other non-current assets">150,578</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Others</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_98A_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherMember_zYc40iXy3Hug" style="text-align: right" title="Other current assets"> 145,667</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherMember_zYu6ZaaHNg7c" style="text-align: right" title="Other current assets"> 71,536</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherNoncurrentNonfinancialAssets_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherMember_z00iQaQz7eV4" style="text-align: right" title="Other non-current assets">90,216</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherMember_zkXjgMtmtqm6" style="text-align: right" title="Other non-current assets">4,409</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20251231_zUrdCHZNTTM1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other current assets">1,037,925</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20241231_zgGqlXfCEyJ7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other current assets">856,063</td> <td style="font-weight: bold"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentAssets_pn3n3_c20251231_zBuaNMQlhdNf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other non-current assets">3,851,362</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20241231_zAmQVDIkpWqk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other non-current assets">5,232,370</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">During the period between December 2, 2025, and December 26, 2025, the Company carried out the sale of shares on the market, recognizing a gain in profit or loss in the amount of R$128. The remaining balance at the parent company substantially relates to shares received as bonuses from Eletrobras (Axia), at a total book value of R$678. Balance refers to participation in Axia shares at the Company’s subsidiaries at the consolidated.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">Non-current assets are composed of liquidated and certain credit arising from a final and unappealable ruling issues in the Company’s favor, mainly due to losses and damages resulting from a drop in voltage in the energy supply during periods between January/1991 and June/2002.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">The Company sold part of Usiminas' shares at market value according to the quotation provided as of the transaction date, for which a portion was received immediately and the remaining amount in installments. The investment’s final equity after the transaction was 4.99%. This balance is presented net of the adjusted present value (APV).</td></tr> </table> <p id="xdx_8AE_zLtbME07hkOk" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfOtherCurrentAndNoncurrentAssetsTableTextBlock_pn3n3_zuZohIefNHmj" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - OTHER CURRENT AND NON-CURRENT ASSETS (Details)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8B1_zbU5WsOIMUjd" style="display: none">Schedule of other current and non-current assets</span></td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right; width: 47%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="font-weight: bold; background-color: white; width: 11%"> </td> <td style="font-weight: bold; background-color: white; width: 1%"> </td> <td style="font-weight: bold; background-color: white; width: 11%"> </td> <td style="font-weight: bold; background-color: white; width: 1%"> </td> <td style="font-weight: bold; text-align: center; width: 11%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; background-color: white">Current</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; background-color: white"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Non-current</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center">Ref.</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; text-align: center; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Judicial deposits</td> <td style="text-align: center">22</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--JudicialDepositsMember_zeMiubaORvid" style="text-align: right" title="Other non-current assets">621,012</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--JudicialDepositsMember_zUZBiYXRk6t3" style="text-align: right" title="Other non-current assets">632,950</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Derivative transactions</td> <td style="text-align: center">15.a</td> <td id="xdx_98B_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeTransactionsMember_zbpfqJEYaNc4" style="text-align: right" title="Other current assets"> 494</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeTransactionsMember_zdihr6ZonRxg" style="text-align: right" title="Other current assets"> 152,967</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Dividends receivable</td> <td style="text-align: center">24.b</td> <td id="xdx_984_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivableMember_ztubigTV5Rph" style="text-align: right" title="Other current assets"> 76,026</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivableMember_zyfleyFcldv7" style="text-align: right" title="Other current assets"> 201,436</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Prepaid expenses</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--PrepaidExpensesMember_zk7yRvICjB91" style="text-align: right" title="Other current assets"> 493,924</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--PrepaidExpensesMember_zGdzRYj0vwL7" style="text-align: right" title="Other current assets"> 327,403</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherNoncurrentNonfinancialAssets_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--PrepaidExpensesMember_z93m43T8WhZh" style="text-align: right" title="Other non-current assets">14,732</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--PrepaidExpensesMember_zzHVjJ2kL2rh" style="text-align: right" title="Other non-current assets">9,770</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Actuarial asset</td> <td style="text-align: center">32</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialAssetMember_zEB5MMbD6Gue" style="text-align: right" title="Other non-current assets">53,328</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialAssetMember_zSj1er70wsIc" style="text-align: right" title="Other non-current assets">47,708</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Loans with related parties </td> <td style="text-align: center">24.b</td> <td id="xdx_987_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansWithRelatedPartiesMember_zetmwbkhVwl7" style="text-align: right" title="Other current assets">4,147</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansWithRelatedPartiesMember_z1Da51jg0BYh" style="text-align: right" title="Other current assets">5,315</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentAssets_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansWithRelatedPartiesMember_zLPRldd5Nlj6" style="text-align: right" title="Other non-current assets">2,137,882</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansWithRelatedPartiesMember_zBMJy8SlH0g6" style="text-align: right" title="Other non-current assets">1,903,028</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Other receivables from related parties </td> <td style="text-align: center">24.b</td> <td id="xdx_98D_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesFromRelatedPartiesMember_z48hqrzJtMe9" style="text-align: right" title="Other current assets">1,831</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesFromRelatedPartiesMember_zOm55rkyOzy2" style="text-align: right" title="Other current assets">1,831</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesFromRelatedPartiesMember_zu6utInxoo19" style="text-align: right" title="Other non-current assets">1,792,579</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Trading securities</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_984_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradingSecurityMember_zxUJ4awtysGb" style="text-align: right" title="Other current assets">2,598</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradingSecurityMember_zGDeuI6uSKu3" style="text-align: right" title="Other current assets">2,947</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Compulsory loans from Eletrobrás <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CompulsoryLoansFromEletrobrasMember_fKDEp_zypUXKSmfD96" style="text-align: right" title="Other non-current assets">3,787</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CompulsoryLoansFromEletrobrasMember_fKDEp_zP1Zm7OkA3wi" style="text-align: right" title="Other non-current assets">51,012</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Employee debts</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_98B_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--EmployeesDebtsMember_zLWF1dZinZue" style="text-align: right" title="Other current assets"> 120,327</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--EmployeesDebtsMember_zu56Pyxck6nb" style="text-align: right" title="Other current assets"> 92,628</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Receivables by indemnity <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--ReceivablesByIndemnityMember_fKDIp_zovc2r4Lu0Al" style="text-align: right" title="Other non-current assets">779,827</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ReceivablesByIndemnityMember_fKDIp_z5ztjPErZDS2" style="text-align: right" title="Other non-current assets">790,914</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Receivables - Usiminas Shares <span style="font: normal 400 8pt HELVETICA LIGHT">⁽³⁾</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_984_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--ReceivablesUsiminasSharesMember_zydXVaIvWSng" style="text-align: right" title="Other current assets"> 192,911</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--ReceivablesUsiminasSharesMember_zqOHMjkFA7Q3" style="text-align: right" title="Other non-current assets">150,578</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Others</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_98A_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherMember_zYc40iXy3Hug" style="text-align: right" title="Other current assets"> 145,667</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherCurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherMember_zYu6ZaaHNg7c" style="text-align: right" title="Other current assets"> 71,536</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherNoncurrentNonfinancialAssets_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherMember_z00iQaQz7eV4" style="text-align: right" title="Other non-current assets">90,216</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherNoncurrentNonfinancialAssets_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherMember_zkXjgMtmtqm6" style="text-align: right" title="Other non-current assets">4,409</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20251231_zUrdCHZNTTM1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other current assets">1,037,925</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20241231_zgGqlXfCEyJ7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other current assets">856,063</td> <td style="font-weight: bold"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentAssets_pn3n3_c20251231_zBuaNMQlhdNf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other non-current assets">3,851,362</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20241231_zAmQVDIkpWqk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other non-current assets">5,232,370</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">During the period between December 2, 2025, and December 26, 2025, the Company carried out the sale of shares on the market, recognizing a gain in profit or loss in the amount of R$128. The remaining balance at the parent company substantially relates to shares received as bonuses from Eletrobras (Axia), at a total book value of R$678. Balance refers to participation in Axia shares at the Company’s subsidiaries at the consolidated.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">Non-current assets are composed of liquidated and certain credit arising from a final and unappealable ruling issues in the Company’s favor, mainly due to losses and damages resulting from a drop in voltage in the energy supply during periods between January/1991 and June/2002.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">The Company sold part of Usiminas' shares at market value according to the quotation provided as of the transaction date, for which a portion was received immediately and the remaining amount in installments. The investment’s final equity after the transaction was 4.99%. This balance is presented net of the adjusted present value (APV).</td></tr> </table> 621012000 632950000 494000 152967000 76026000 201436000 493924000 327403000 14732000 9770000 53328000 47708000 4147000 5315000 2137882000 1903028000 1831000 1831000 1792579000 2598000 2947000 3787000 51012000 120327000 92628000 779827000 790914000 192911000 150578000 145667000 71536000 90216000 4409000 1037925000 856063000 3851362000 5232370000 <p id="xdx_804_ecustom--DisclosureOfJointVentureExplanatory_zLlT58hvRmr6" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>10.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_827_zq5jeh222JYe">BASIS OF CONSOLIDATION AND INVESTMENTS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The accounting policies have been consistently applied to all consolidated companies. The consolidated financial statements for the years ended December 31, 2025 and 2024 include the following direct and indirect subsidiaries and joint ventures, associates, as well as the exclusive funds, as follows:</p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: left"> </p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfConsolidatedEntitiesInformationTableTextBlock_zOURMFNmbfXd" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details)"> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: left"><span id="xdx_8B0_zcVJfrW5HNQ5" style="display: none">Schedule of consolidated entities information</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; width: 38%">Companies</td> <td style="font-weight: bold; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 6%">12/31/2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; width: 45%">Core business</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Direct interest in subsidiaries: full consolidation</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">CSN Islands VII Corp.</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsVIICorpMember_zGR3woJj0NC" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsVIICorpMember_zegMCETomWd9" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90F_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsVIICorpMember_zYCsEDcPStR6" title="Core business">Financial transactions</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">CSN Inova Ventures</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaVenturesMember_zeg5z9nPyl31" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaVenturesMember_z5br2FiPdTrj" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaVenturesMember_zFaqrgYuQml7" title="Core business">Equity interests and financial transactions</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">CSN Islands XII Corp.</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsXIICorpMember_zmNezxCVfvbd" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsXIICorpMember_zIvZz7pTErD7" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsXIICorpMember_zR7aLW9BbdXl" title="Core business">Financial transactions</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Steel S.L.U.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSLUMember_zQ0L9pyl8amk" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSLUMember_z0BGEQrJXDFa" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSLUMember_z2bPDy5xkKA4" title="Core business">Equity interests and financial transactions</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>TdBB S.A <span style="font: normal 400 8pt Helvetica light">^(*)</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TdBBSAMember_zrOVKOo0kei" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TdBBSAMember_zyfHLFPHgqHg" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td><span id="xdx_90B_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TdBBSAMember_zpwXvZV0cSYf" title="Core business"> Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Sepetiba Tecon S.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SepetibaTeconS.A.Member_zYfIpwI2icX2" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SepetibaTeconS.A.Member_zEsqNlCEOam6" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SepetibaTeconS.A.Member_zPQFdL9qmml2" title="Core business">Port services</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Minérios NacionalS.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MineriosNacionalSAMember_zKwc2UZwvFyj" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MineriosNacionalSAMember_z0YCSFLjAGJg" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90B_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MineriosNacionalSAMember_zL6j4Gf077o5" title="Core business">Mining and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Companhia Florestal do Brasil</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaFlorestaldoBrasilMember_zjWzdPWRERWe" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaFlorestaldoBrasilMember_zwwWgvrxL43d" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaFlorestaldoBrasilMember_zZiG9TVREIB7" title="Core business">Reforestation</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Estanho de Rondônia S.A.</td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EstanhoDeRondoniaSAMember_z0FRuCmjovr2" title="Equity interests">99.99</span> </td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EstanhoDeRondoniaSAMember_zGtirBFGIl9" title="Equity interests">99.99</span> </td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EstanhoDeRondoniaSAMember_zRn9M60HB0Bc" title="Core business">Tin Mining</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Companhia Metalúrgica Prada </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaMetalurgicaPradaMember_zFuVwykWLg" title="Equity interests">99.89</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaMetalurgicaPradaMember_zBmponjMsPs7" title="Equity interests">99.89</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaMetalurgicaPradaMember_zQJpN1Kf6lEf" title="Core business">Manufacture of containers and distribution of steel products</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">CSN Mineração S.A.</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoSAMember_zFSaK6YXu5Ol" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoSAMember_zJjpxEb4ao7l" title="Equity interests">69.01</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_903_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoSAMember_zewXuuGB6n98" title="Core business">Mining</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Energia S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNEnergiaSAMember_zoc2f0PVTqB8" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNEnergiaSAMember_zZtEeSGOrf9" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNEnergiaSAMember_zi84StSaHS21" title="Core business">Sale of electric power</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>FTL - Ferrovia Transnordestina Logística S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FTLFerroviaTransnordestinaLogisticaSAMember_zWLikOuH2Cej" title="Equity interests">92.71</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FTLFerroviaTransnordestinaLogisticaSAMember_zt78XJ7ZvM49" title="Equity interests">92.71</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FTLFerroviaTransnordestinaLogisticaSAMember_zhbskk5UoKmf" title="Core business">Railroad logistics</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Nordeste Logística S.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--NordesteLogisticaSAMember_zJX3NuD1nvX8" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--NordesteLogisticaSAMember_zLPlaS4xzS0l" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--NordesteLogisticaSAMember_z346vkOKtKCj" title="Core business">Port services</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify">CSN Inova Ltd. </td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaLtdMember_zCqYVHYdJNye" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaLtdMember_zRA2HuJevr6h" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_908_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaLtdMember_zZiGgYJMXks8" title="Core business">Advisory and implementation of new development project</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CBSI - Companhia Brasileira de Serviços de Infraestrutura</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CBSICompanhiaBrasileiraDeServicosDeInfraestruturaMember_zTgKK05xP9Ec" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CBSICompanhiaBrasileiraDeServicosDeInfraestruturaMember_zZDDdG9zHOTf" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CBSICompanhiaBrasileiraDeServicosDeInfraestruturaMember_zFewSEusp7df" title="Core business">Equity interests and product sales and iron ore</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN Cimentos Brasil S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCimentosBrasilSAMember_zJXBBb3dq7p9" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCimentosBrasilSAMember_zRg7hQnOGBQ4" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCimentosBrasilSAMember_z3IWG1Am7KM4" title="Core business">Cement manufacturing</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Berkeley Participações e Empreendimentos S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BerkeleyParticipacoesEEmpreendimentosSAMember_zkkU67ZkPRgf" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BerkeleyParticipacoesEEmpreendimentosSAMember_zZZhQHvKXuT9" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BerkeleyParticipacoesEEmpreendimentosSAMember_zjHdQX7nJOi4" title="Core business">Electric power generation and equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN Inova Soluções S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaSolucoesSAMember_zyV04ZTG9we6" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaSolucoesSAMember_z5WnWIoL9qF9" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaSolucoesSAMember_z6Hca518JBb5" title="Core business">Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Participações I S.A</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIS.AMember_z97cxGpUYVGi" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIS.AMember_zxV8GzSZcO53" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIS.AMember_zFCs9I2HKMt6" title="Core business">Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN Participações III S.A</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIIIS.AMember_zIWa8ZRhaow6" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIIIS.AMember_zATZmS75yxV5" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td><span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIIIS.AMember_zLdCErXZusNf" title="Core business"> Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Participações IV S.A</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIVS.AMember_zIwe971Ic8Ag" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIVS.AMember_zqpaFH4OYLEi" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIVS.AMember_zB7dd4V6AtDf" title="Core business">Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN Participações V S.A</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesVS.A.Member_zJne2ij0ZAqb" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesVS.A.Member_zZqgxCISk1N3" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td><span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesVS.A.Member_zZ3OMsL5U975" title="Core business"> Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Incorporação e Participações Ltda.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIncorporacaoEParticipacoesLtdaMember_zEBGmTtRvhLh" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIncorporacaoEParticipacoesLtdaMember_zFbcMpe8HVRl" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIncorporacaoEParticipacoesLtdaMember_zTX5koV3RED6" title="Core business">Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Estrela Comércio e Participações S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EstrelaComercioeParticipacoesS.A.Member_z6LnfbfPrpoe" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EstrelaComercioeParticipacoesS.A.Member_zBXDc0eNFjHl" title="Core business">Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Circula Mais Serviços de Intermediação Comercial S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicosDeIntermediacaoComercialSAMember_zOBEHavc8w8k" title="Equity interests">0.10</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicosDeIntermediacaoComercialSAMember_zEPJF320xZuj" title="Equity interests">0.10</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicosDeIntermediacaoComercialSAMember_z1uXDuJjPa61" title="Core business">Commercial intermediation for the purchase and sale of assets and materials in general</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Indirect interest in subsidiaries: full consolidation</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Lusosider Projectos Siderúrgicos S.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderProjectosSiderurgicosSAMember_z4R1gW1f2yj5" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderProjectosSiderurgicosSAMember_zHYnoLYHTxvh" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderProjectosSiderurgicosSAMember_zQ20Lysnyqb8" title="Core business">Equity interests and product sales</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Lusosider Aços Planos, S. A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderAcosPlanosSAMember_zeK6Ow0zpB9h" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderAcosPlanosSAMember_zVdINRO66rKd" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderAcosPlanosSAMember_zBGoS4iMSbN5" title="Core business">Steel and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">CSN Resources S.A.</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNResourcesSAMember_z6wDeEIKiCLg" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNResourcesSAMember_zaXQ2c1JbVv8" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNResourcesSAMember_zjlRpYwAALN4" title="Core business">Financial transactions and Equity interests</span> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Companhia Brasileira de Latas </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaBrasileiraDeLatasMember_zhm1clQcyTsd" title="Equity interests">99.89</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaBrasileiraDeLatasMember_zc5rzMBSiFYc" title="Equity interests">99.89</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaBrasileiraDeLatasMember_zSFL1f7tFIvh" title="Core business">Sale of cans and containers in general and Equity interests</span> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Companhia de Embalagens Metálicas - MMSA </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMMSAMember_zoLnTH62wTm8" title="Equity interests">99.88</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMMSAMember_zgZm0069zYe7" title="Equity interests">99.88</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMMSAMember_zG8OxnoooKC" title="Core business">Production and sale of cans and related activities</span> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Companhia de Embalagens Metálicas - MTM </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMTMMember_zOnNUUTSavh2" title="Equity interests">99.88</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMTMMember_zXioOJRZTb57" title="Equity interests">99.88</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMTMMember_zWxZ3K52pDY4" title="Core business">Production and sale of cans and related activities</span> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">CSN Productos Siderúrgicos S.L.</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNProductosSiderurgicosSLMember_zH6b6UD26OK4" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNProductosSiderurgicosSLMember_zF6cYgKvxiCc" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNProductosSiderurgicosSLMember_zPGyd4k17wUa" title="Core business">Financial transactions, product sales and Equity interests</span> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Stalhwerk Thüringen GmbH </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--StalhwerkThuringenGmbHMember_zDoiFQtSW5c6" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--StalhwerkThuringenGmbHMember_zkwI46tnXa6k" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--StalhwerkThuringenGmbHMember_zWaqJpVePZm3" title="Core business">Production and sale of long steel and related activities</span> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">CSN Steel Sections Polska Sp.Z.o.o </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSectionsPolskaSpZooMember_zDtHt2AfCHXj" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSectionsPolskaSpZooMember_zq1rrV5XOhr5" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_902_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSectionsPolskaSpZooMember_zDmC3yCPNGra" title="Core business">Financial transactions, product sales and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Mining Holding, S.L.U.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningHoldingSLUMember_zVVDq4HrJTw9" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningHoldingSLUMember_zBA4VMIwTQNd" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningHoldingSLUMember_zEIltCX3Epnl" title="Core business">Financial transactions, product sales and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">CSN Mining GmbH</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningGmbHMember_zixEByaDWXfl" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningGmbHMember_z3SSacLwIgHj" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningGmbHMember_z6Ek59DjL4Jb" title="Core business">Financial transactions, product sales and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">CSN Mining Asia Limited</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningAsiaLimitedMember_z9PZmD3oIka1" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningAsiaLimitedMember_zKtBOXz5Vw7l" title="Equity interests">69.01</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningAsiaLimitedMember_zHMrRvglT3di" title="Core business">Commercial representation</span> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Lusosider Ibérica S.A. </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderIbericaSAMember_zderadFOkXSa" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderIbericaSAMember_za5iJ61rnEY1" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderIbericaSAMember_zIdOPwkL6Ye8" title="Core business">Steel, commercial and industrial activities and equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Companhia Siderúrgica Nacional, LLC</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaSiderurgicaNacionalLLCMember_zjgIasE2IXj3" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaSiderurgicaNacionalLLCMember_zb4yonyUssqe" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaSiderurgicaNacionalLLCMember_zSopKv4D9bj7" title="Core business">Import and distribution/resale of products</span> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Elizabeth Cimentos S.A.</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ElizabethCimentosSAMember_zMwKAmiOnPJe" title="Equity interests">99.99</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ElizabethCimentosSAMember_zrU1n5rggHLk" title="Equity interests">99.99</span></td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ElizabethCimentosSAMember_zHYuxuhVLAL1" title="Core business">Cement manufacturing</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Santa Ana Energética S.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SantaAnaEnergeticaSAMember_zC9yUkBWwx23" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SantaAnaEnergeticaSAMember_zV9bfP82D1N8" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_906_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SantaAnaEnergeticaSAMember_zvLRxM2NQRvc" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify">Topázio Energética S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TopazioEnergeticaSAMember_zLLzUMdOQBT5" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TopazioEnergeticaSAMember_zvgO29AUNlFj" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_906_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TopazioEnergeticaSAMember_zijsA9dcbUFg" title="Core business">Electric power generation</span> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Brasil Central Energia Ltda. </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BrasilCentralEnergiaLtdaMember_zUSauHivGNxd" title="Equity interests">99.99</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BrasilCentralEnergiaLtdaMember_zYZoiiwVoyd2" title="Equity interests">99.99</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_906_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BrasilCentralEnergiaLtdaMember_zNZ1tbboC2R" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Circula Mais Serviços de Intermediação Comercial S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicoDeIntermediacaoComercialSAMember_zmRT9IApZIAd" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicoDeIntermediacaoComercialSAMember_z0NfZ69w16b1" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicoDeIntermediacaoComercialSAMember_zsGnSWjxvft1" title="Core business">Commercial intermediation for the purchase and sale of assets and materials in general</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Metalgráfica Iguaçu S.A </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MetalgraficaIguacuSAMember_zw7SQFg7unkh" title="Equity interests">99.89</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MetalgraficaIguacuSAMember_zmrUmQGTfAcj" title="Equity interests">99.89</span></td> <td style="text-align: right"> </td> <td><span id="xdx_902_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MetalgraficaIguacuSAMember_zL8KNLYZT7gc" title="Core business"> Metal packaging manufacturing</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Companhia Energética Chapecó </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaChapecoMember_zWiQ9l9CFpZg" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaChapecoMember_zNDva3T7Na4i" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaChapecoMember_zCNpMRkIRW54" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Companhia Estadual de Geração de Energia Elétrica - CEEE-G</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEstadualDeGeracaodeEnergiaEletricaCEEEGMember_zQosMq5xcmb7" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEstadualDeGeracaodeEnergiaEletricaCEEEGMember_zQzTkNiG5vcf" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEstadualDeGeracaodeEnergiaEletricaCEEEGMember_zWCKR4Qvcvp" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Ventos de Vera Cruz S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeVeraCruzSAMember_zBPt5BHJhDoe" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeVeraCruzSAMember_zi32c4bnD33i" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeVeraCruzSAMember_zVIAdozv21If" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Ventos de Curupira S.A </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeCurupiraSAMember_zsq7YglunQz7" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeCurupiraSAMember_zaWpDE8wppZf" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td><span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeCurupiraSAMember_zsWOzVMVWBFb" title="Core business"> Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Ventos de Povo Novo S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdePovoNovoSAMember_zLM6ooikiA85" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdePovoNovoSAMember_zBJtaScdo2Xj" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90B_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdePovoNovoSAMember_zwC5kBRfSRPh" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>MAZET Maschinenbau und Zerspanungstechnik Unterwellwnborn GmbH</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MAZETMaschinenbauZerspanungstechnikUnterwellwnbornGmbHMember_zJ7aJFyY0h7b" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MAZETMaschinenbauZerspanungstechnikUnterwellwnbornGmbHMember_zoB8gDJDMnxe" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td><span id="xdx_908_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MAZETMaschinenbauZerspanungstechnikUnterwellwnbornGmbHMember_zvIIiyjC1yui" title="Core business"> Production and sale of long steel and related activities</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN ITC Solutions AG <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNITCSolutionsAGMember_zYoVkdQLOE67" title="Equity interests">55.21</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td><span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNITCSolutionsAGMember_z7k9LE3b1pkd" title="Core business"> Financial transactions, product sales and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Mining International GmbH</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningInternacionalGmbHMember_zmFUwqSjArrj" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningInternacionalGmbHMember_zEMFT68M3lZe" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90F_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningInternacionalGmbHMember_zrll9x9MTGfc" title="Core business">Commercial and representation of products</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Gramperfil S.A. <span style="font: normal 400 8pt Helvetica light">⁽²⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GramperfilS.A.Member_zLsIOzE7tN14" title="Equity interests">90.00</span></td> <td style="text-align: right"> </td> <td style="color: white; text-align: right">- </td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GramperfilS.A.Member_zdcfl2hkzEP4" title="Core business">Manufacturing and sale of metal profile</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN International Steel GmbH</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInternationalSteelGmbHMember_zQcTxttAKQBj" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInternationalSteelGmbHMember_zsIeS5x77SL2" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInternationalSteelGmbHMember_zTPUjhUm6Gql" title="Core business">Commercial and representation of products</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Tora Transportes Ltda <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraTransportesLtdaMember_zqcXDPb4XVY9" title="Equity interests">70.00</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> <span id="xdx_901_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraTransportesLtdaMember_zAWSHWkYklrj" title="Core business">Road transport</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Tora Locações S.A. <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraLocacoesS.A.Member_zSgfBBDJFtPi" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_903_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraLocacoesS.A.Member_zK2O1i11QZVf" title="Core business">Road transport and automobile rental</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>FJX Transportes S.A. <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FJXTransportesS.AMember_zGfjgADnaV5f" title="Equity interests">42.00</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td><span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FJXTransportesS.AMember_zS6Dsm1FC9D1" title="Core business"> Road transport and logistic</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>N. Minas Transportes e Locações Ltda. <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--N.MinasTransporteseLocacoesLtdaMember_ztvMezBFe6F9" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td><span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--N.MinasTransporteseLocacoesLtdaMember_zzmcmzyWJPda" title="Core business"> Road transport and logistic</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Saratoga Transportes Ltda <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SaratogaTransportesLtdaMember_zXRzGh4eliZd" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SaratogaTransportesLtdaMember_zL7mVlDfvaV5" title="Core business">Road transport</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Lokamig Rent a Car S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LokamigRentaCarS.AMember_zBQ09sYXsxe4" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LokamigRentaCarS.AMember_zl3aYpdAVoTk" title="Core business">Automobile rental</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Seminovos Lokamig Ltda. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SeminovosLokamigLtdaMember_zRuqwxhMoqtb" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_908_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SeminovosLokamigLtdaMember_zQanlLHkjwJ3" title="Core business">Automobile rental</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Tora Logística Armazéns e Terminais Multimodais S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraLogisticaArmazenseTerminaisMultimodaisS.AMember_z2TYpmimoB61" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraLogisticaArmazenseTerminaisMultimodaisS.AMember_ziidH4xnw2W7" title="Core business">Logistics</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Tora Recintos Alfandegários S.A. <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraRecintosAlfandegariosS.A.Member_zoDOMcOaqa7i" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_908_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraRecintosAlfandegariosS.A.Member_zmF1nEz49cp3" title="Core business">General storage operations and road transport</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Tora Seminovos Comércio de Veículos Ltda. <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraSeminovosComerciodeVeiculosLtdaMember_zFLoAAFA7yS8" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraSeminovosComerciodeVeiculosLtdaMember_z10Oe5tVW7yh" title="Core business">Commercial and automobile rental</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN Captive Insurance Company, LLC <span style="font: normal 400 8pt Helvetica light">⁽⁶⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCaptiveInsuranceCompanyLLCMember_zzso4IQBL74a" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCaptiveInsuranceCompanyLLCMember_z6YLTdot1sA5" title="Core business">Captive Insurance Company</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Global Dot Com S.A <span style="font: normal 400 8pt Helvetica light">⁽⁹⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GlobalDotComS.AMember_zCM1ZGdLgc6j" title="Equity interests">80.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GlobalDotComS.AMember_zK1MzCoH1cgg" title="Core business">Information service provision</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Galvacolor Jerez S.L.U.<span style="font: normal 400 8pt Helvetica light">⁽⁸⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GalvacolorJerezS.L.UMember_zzbNo6BdmC21" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GalvacolorJerezS.L.UMember_zY8BAOJCSfC6" title="Core business">Transformation and commercialization of steel products</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Direct interest in joint operations</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Itá Energética S.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ItaEnergeticaSAMember_zSQBBFFwTvOj" title="Equity interests">48.75</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ItaEnergeticaSAMember_zVDThOPNg0P" title="Equity interests">48.75</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ItaEnergeticaSAMember_zeKx2eb9AB0e" title="Core business">Electric power generation</span> </td></tr> </table> <p style="margin: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: left; width: 38%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: right; width: 8%"> </td> <td style="text-align: right; width: 1%"> </td> <td style="text-align: right; width: 6%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: left; width: 45%"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left">Direct interest in joint ventures: equity method</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>MRS Logística S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁰⁾</span></td> <td> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSAMember_zp8OSpZPMqw7" title="Equity interests">7.59</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSAMember_zpX2xgxKOcYg" title="Equity interests">18.75</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_902_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSAMember_zo4xFC2FTbFf" title="Core business"> Railroad transportation </span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Aceros Del Orinoco S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">^(*)</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--AcerosDelOrinocoSAMember_z5emJn8mSpZ4" title="Equity interests">31.82</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--AcerosDelOrinocoSAMember_ziPyXS0PCmfe" title="Equity interests">31.82</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_pdp0_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--AcerosDelOrinocoSAMember_z4N8NcypQVog" title="Core business">Dormant</span> company </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Transnordestina Logística S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁷⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TransnordestinaLogisticaSAMember_zYmmSiXwrsi1" title="Equity interests">33.89</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TransnordestinaLogisticaSAMember_zOI2Niv8FO5e" title="Equity interests">48.03</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90B_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TransnordestinaLogisticaSAMember_zLdHs3o8SGli" title="Core business"> Railroad logistics </span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Equibras S.A. <span style="font: normal 400 8pt Helvetica light">⁽¹¹⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EquimacSAMember_zr3tVbY0lOs8" title="Equity interests">50.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EquimacSAMember_zDyDrPQODhzk" title="Equity interests">50.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EquimacSAMember_zA671A4ejeq8" title="Core business"> Rental of commercial and industrial machinery and equipment </span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Indirect interest in joint ventures: equity method</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>MRS Logística S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁰⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSA1Member_zADlX5QnfNoe" title="Equity interests">20.64</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSA1Member_zJwGk3kwtURg" title="Equity interests">12.93</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSA1Member_z23E5sdu9YVc" title="Core business"> Railroad transportation </span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Direct interest in associates: equity method</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Arvedi Metalfer do Brasil S.A. </td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ArvediMetalferDoBrasilSAMember_z6TLT3JjValg" title="Equity interests">20.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ArvediMetalferDoBrasilSAMember_z8izGC3CvFgb" title="Equity interests">20.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ArvediMetalferDoBrasilSAMember_zb7WE3kLUha1" title="Core business"> Metallurgy and Equity interests </span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Panatlântica S.A.</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--PanatlanticaS.AMember_zNu6YxwDjSOf" title="Equity interests">29.92</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--PanatlanticaS.AMember_zxioWebQX1Ob" title="Equity interests">29.92</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_901_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--PanatlanticaS.AMember_zqIhuc9R8tpc" title="Core business">Steel</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Indirect interest in affiliates: equity method</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Jaguari Energética S.A. </td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--JaguariEnergeticaSAMember_z7O3cwU6sTf1" title="Equity interests">10.50</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--JaguariEnergeticaSAMember_zrGJ1AF08aC6" title="Equity interests">10.50</span></td> <td style="text-align: left"> </td> <td><span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--JaguariEnergeticaSAMember_zuNSI16PuPV4" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Chapecoense Geração S.A.</td> <td style="text-align: center"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ChapecoenseGeracaoSAMember_zue2pZfNcxbl" title="Equity interests">9.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ChapecoenseGeracaoSAMember_z4neu2tWBecc" title="Equity interests">9.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ChapecoenseGeracaoSAMember_zp8DD6reLHfa" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Companhia Energética Rio das Antas - Ceran</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaRiodasAntasCeranMember_zFjRjFDHcqrj" title="Equity interests">30.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaRiodasAntasCeranMember_zya8J8rAGuq" title="Equity interests">30.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaRiodasAntasCeranMember_zZFLfKuXozf9" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Foz Chapecó Energia S.A.</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FozChapecoEnergiaSAMember_zRGa49RFnqj5" title="Equity interests">9.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FozChapecoEnergiaSAMember_zt1Jaf7FYxpg" title="Equity interests">9.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FozChapecoEnergiaSAMember_zoA1YxRT9Ub6" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left"> </td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Exclusive Funds: full consolidation</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Diplic II- Private credit balanced mutual fund</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--DiplicIIPrivateCreditBalancedMutualFundMember_z0zn1REfAk41" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--DiplicIIPrivateCreditBalancedMutualFundMember_zbOV5vQwj8f6" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_902_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--DiplicIIPrivateCreditBalancedMutualFundMember_zZA1atmLBGja" title="Core business">Investment fund</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Caixa Vértice - Private credit balanced mutual fund</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CaixaVerticePrivateCreditBalancedMutualFundMember_zAwZ3D0I0t69" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CaixaVerticePrivateCreditBalancedMutualFundMember_zNzr0IOn57Q7" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CaixaVerticePrivateCreditBalancedMutualFundMember_zXo8SBQKz7yb" title="Core business">Investment fund</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">VR1 - Private credit balanced mutual fund</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VR1PrivateCreditBalancedMutualFundMember_zLVkRxVSlDL6" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VR1PrivateCreditBalancedMutualFundMember_zXRL1ON8fcY3" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VR1PrivateCreditBalancedMutualFundMember_zn4siBvr9WIb" title="Core business">Investment fund</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left"> </td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left">Consortiuns</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Consórcio Itaúba <span style="font: normal 400 8pt Helvetica light">⁽³⁾</span></td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioItaubaMember_zeknkQ8HSYXi" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioItaubaMember_zbi4dnFxafBk" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_901_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioItaubaMember_zjAntFu3pFqi" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: justify">Consórcio Passo Real <span style="font: normal 400 8pt Helvetica light">⁽⁴⁾</span></td> <td style="text-align: justify"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioPassoRealMember_z2QgsXCHUBD9" title="Equity interests">96.55</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioPassoRealMember_z2QQHWio9Z6" title="Equity interests">100.00</span></td> <td style="text-align: justify"> </td> <td style="text-align: justify"><span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioPassoRealMember_zCJNp8vypQtk" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify">Consórcio da Usina Hidrelétrica de Igarapava</td> <td style="text-align: justify"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDaUsinaHidreletricaDeIgarapavaMember_zFSTb1BtOv94" title="Equity interests">17.92</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDaUsinaHidreletricaDeIgarapavaMember_zwOGIeTuwdwe" title="Equity interests">17.92</span></td> <td style="text-align: justify"> </td> <td style="text-align: justify"><span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDaUsinaHidreletricaDeIgarapavaMember_zgOIBzTL8QW4" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: justify">Consórcio Dona Francisca</td> <td style="text-align: justify"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDonaFranciscaMember_zdoSMu2jGSNj" title="Equity interests">15.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDonaFranciscaMember_ztL7YhaVyQ45" title="Equity interests">15.00</span></td> <td style="text-align: justify"> </td> <td style="text-align: justify"><span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDonaFranciscaMember_z3RsslXlwur" title="Core business">Electric power generation</span></td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">On March 5, 2025, CSN ITC Solutions AG ("CSN ITC”), a company in which the Company holds an indirect participation of 55.2% through its indirect subsidiary CSN Mining International GmbH, which in turns holds an 80% stake in CSN ITC, was incorporated. CSN ITC is located in Switzerland and was constituted as a corporation. CSN ITC's activities consist of the sale, distribution, and processing of iron ore and related products in key strategic expansion markets, with the objective of adding value to these products. It has been exploring and seeking out business opportunities in Switzerland and/or other countries,</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%"><span style="font-size: 8pt; line-height: 115%">(2)</span></td> <td style="text-align: justify; width: 98%"><span style="font-size: 8pt; line-height: 115%">On March 23, 2025, Gramperfil S.A. (“Gramperfil”) was acquired through means of the Company’s direct subsidiary CSN Steel S.L. for a total amount of EUR 11.8 million. Gramperfil, which is located in Portugal, was constituted as a corporation, and produces, commercializes and processes metal profiles and accessories, in addition to importing and exporting such products for use in metallic structures and civil construction</span>.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">On March 21, 2025, the “Primeiro Aditivo ao Termo de Constituição do Consórcio Itaúba” (First Amendment to the Consórcio Itaúba consortium’s incorporation agreement) was signed, through which the equity interest of the consortium members was redistributed. As a result of the amendment, CSN and CSN Cimentos Brasil S.A. now hold a 39.03% and 60.97% participation in the Consortium, respectively.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(4)</td> <td style="text-align: justify; width: 98%">On March 21, 2025, the “Primeiro Aditivo ao Termo de Constituição do Consórcio Passo Real” (First Amendment to the Consórcio Passo Real consortium’s incorporation agreement) was signed, through which there was a change in the equity interest of the consortium members. CSN's stake in the company increased from 46.97% to 56.40%, Elizabeth Cimentos S.A.’s stake increased from 28.18% to 24.14%. CSN Mineração S.A. came to hold 11.09% of Passo Real’s shares, and Minérios Nacional S.A. maintained its stake at 1.56%. Additionally, the following new consortium members joined the company: Companhia Metalúrgica Prada, with 3.36% of shares, Metalgráfica Iguaçu S.A., with 0.34% of shares, and Estanho de Rondônia S.A., with a 3.11% stake.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(5)</td> <td style="text-align: justify; width: 98%">On April 1, 2025, CSN acquired shares representing 70% of Estrela Comércio e Participações S.A.’s ("Estrela”) share capital for a total amount of R$ 752,494 million. Estrela is a holding company that maintains participations in the following companies: Tora Transportes Ltda., Tora Locações S.A., FJX Transportes S.A., N. Minas Transportes e Locações Ltda., Saratoga Transportes Ltda., Lokamig Rent a Car S.A., Seminovos Lokamig Ltda., Tora Logística Armazéns e Terminais Multimodais S.A., Tora Recintos Alfandegários S.A. and Tora Seminovos Comércio de Veículos Ltda. (“Grupo Estrela”), which subsequently became part of the series of companies indirectly controlled by CSN. Grupo Estrela, which is mainly located in Minas Gerais, maintains operations in the field of road transport.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(6)</td> <td style="text-align: justify; width: 98%">CSN Captive Insurance Company, LLC (“CSN Captive”) was incorporated on July 8, 2025, and its capital was paid in in full by the Company on August 29, 2025. CSN Captive, which is located in the United States, was incorporated as a limited liability company and its corporate purpose is to operate in the insurance market, providing insurance coverage to companies in which the Company holds a participation, as well as to third parties.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(7)</td> <td style="text-align: justify; width: 98%">On October 17, 2025, an increase in Transnordestina Logística S.A.’s share capital ("TLSA”) through the issuance of new shares and partial capitalization of credits arising from AFACs held by CSN against TLSA. This increase resulted in the payment of the amount of R$ 1,792,580 being provided, after which CSN came to hold 33.89% of TLSA's share capital.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(8)</td> <td style="text-align: justify; width: 98%">On November 18, 2025, the Company acquired Galvacolor Jerez, S.L.U. (“Galvacolor”), through its subsidiary CSN Steel S.L.U., for EUR 47 million. Located in Spain, Galvacolor is incorporated as a single-member limited liability company, and its corporate purpose involves the production of steel profiles and activities involved in the processing and sale of steel and smelting products.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(9)</td> <td style="text-align: justify; width: 98%">On December 5, 2025, the Company acquired control of Global Dot Com S.A. (“Global Dot”) and came to indirectly hold 80% of the company’s share capital stock through the subsidiaries CSN Inova Ventures (2.51%) and CSN Inova Soluções S.A. (77.49%). The acquisition was carried out through the conversion of a loan into shares, as well as the purchase of an additional interest totaling R$ 50.89 million. The Company previously held an investment in Global Dot, which was controlled at fair value. Located in the municipality of Barueri, in the State of São Paulo, Global Dot was constituted as a corporation and aims to provide fleet management services via integrated software.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(10)</td> <td style="text-align: justify; width: 98%">On December 18, 2025, the Agreement for the Purchase and Sale of Shares and Other Covenants was entered into by and between CSN Mineração and CSN, through which CSN Mineração acquired 974,851 common shares, 2,673,312 class A preferred shares and 27,333,064 class B preferred shares issued by MRS, representing 9.17% of MRS’s share capital, which were previously owned by CSN. In addition, on December 31, 2025, the Company completed the additional sale of 6,759,540 class B preferred shares issued by MRS to CMIN. Within this context, CSN became the direct holder of 25,636,431 common shares, representing 13.69% of the share capital entitling the respective holder to a right to vote and 7.59% of MRS’s share capital.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(11)</td> <td style="text-align: justify; width: 98%">Equimac S.A. changed its trade name during 4Q25 to "Equibras S.A.", and there were no changes in the Company's participation in this company.</td></tr> </table> <p id="xdx_8AF_zCo8BjPJLqPj" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>10.a)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Changes in Investments in Controlled Companies, Joint-ventures, Joint-operations, Affiliates, and Other Investments</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The positions presented as of December 31, 2025 and 2024 and the changes refer to the interest held by CSN in these companies:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfDirectEquityInterestsInSubsidiariesJointVenturesJointOperationsAssociatesAndOtherInvestmentsTableTextBlock_znaVrhqNrqk7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 1)"> <tr style="vertical-align: middle"> <td style="font-weight: bold"><span id="xdx_8BD_zEw6SIo64VMf" style="display: none">Schedule of changes in investments in joint ventures, joint operations, associates and other investments</span></td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; width: 25%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 10%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 5%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%">Consolidated</td></tr> <tr> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Companies</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Final balance on 12/31/2024</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Capital increase</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Write-offs</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Transfers</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Dividends</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Equity Income</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Comprehensive income</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Others</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Final balance on 12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Investments under the Equity Method</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Joint-venture, Joint-operation and Affiliate</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>MRS Logistica</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zAW8WZqYWc85" style="text-align: right" title="Investments, opening balance">2,799,168</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zBVBiiDHiae6" style="text-align: right" title="Equity Income"> 583,027</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zEhndlN1MHwj" style="text-align: right" title="Comprehensive income">(102)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zUUaxRFiT4Nd" style="text-align: right" title="Investments, opening balance"> 3,382,093</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Fair Value MRS</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_983_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueMRSMember_z3XLHwr2intk" style="text-align: right" title="Investments, opening balance"> 480,622</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--FairValueMRSMember_zqjGnqNtU0C5" style="text-align: right" title="Investments, opening balance">480,622</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value MRS amortization</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_984_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_zIaL8Fyl0Anj" style="text-align: right" title="Investments, opening balance">(105,719)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_zZNldguYPCm6" style="text-align: right" title="Equity Income">(11,745)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_ziCRiPqDH9Ud" style="text-align: right" title="Investments, opening balance"> (117,464)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Transnordestina Logística S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zdtzNPFrVYp9" style="text-align: right" title="Investments, opening balance">1,137,345</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zIL8j6U3mci9" style="text-align: right" title="Capital increase">1,792,580</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zdDr6yIaMZkb" style="text-align: right" title="Equity Income">(18,129)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zjrYXpLzS4gg" style="text-align: right" title="Comprehensive income">4,686</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zdrv7znBWqz7" style="text-align: right" title="Investments, opening balance"> 2,916,482</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value - Transnordestina</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98B_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueTransnordestinaMember_zbtZkOTyYub2" style="text-align: right" title="Investments, opening balance"> 659,106</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--FairValueTransnordestinaMember_zhLD9LcTi5j5" style="text-align: right" title="Investments, opening balance">659,106</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Arvedi Metalfer do Brasil S.A. </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_980_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_zZ02hQeCReZ9" style="text-align: right" title="Investments, opening balance"> 35,257</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_z9twKfZUpAq1" style="text-align: right" title="Equity Income">(656)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_zVRjZTrK4q2j" style="text-align: right" title="Investments, opening balance"> 34,601</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Panatlântica S.A.</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_983_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_z35itfYclf25" style="text-align: right" title="Investments, opening balance"> 225,766</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--DividendsInInvestment_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_z9HLqw1a1bUi" style="text-align: right" title="Dividends"> (19,477)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_z9ynnXurBMpf" style="text-align: right" title="Equity Income"> 13,268</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--OthersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zBjw7VLtB0Bd" style="text-align: right" title="Others"> (2)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zMtTXKXvzvd4" style="text-align: right" title="Investments, opening balance">219,555</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Equibras S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98E_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquibrasS.AMember_zxAvkRbQMcl" style="text-align: right" title="Investments, opening balance"> 31,733</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--DividendsInInvestment_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.AMember_z2eb4k0CosX" style="text-align: right" title="Dividends">(2,187)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.AMember_zjobwSiTc069" style="text-align: right" title="Equity Income"> 9,508</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.AMember_zuzj3qXuxiWl" style="text-align: right" title="Investments, opening balance"> 39,054</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Indirect interest in affiliates - CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_983_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_z5rYe2et3P3a" style="text-align: right" title="Investments, opening balance"> 146,753</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--DividendsInInvestment_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zYVyCS8wYIM9" style="text-align: right" title="Dividends"> (44,846)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_z1LgLpeMhxT2" style="text-align: right" title="Equity Income"> 42,343</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zBs6aZ6RYu9k" style="text-align: right" title="Investments, opening balance">144,250</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Fair Value indirect participation CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98F_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_d0_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueIndirectParticipationCEEEGMember_zAsmsnGahVi3" style="text-align: right" title="Investments, opening balance"> 319,709</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_d0_c20251231__ifrs-full--JointOperationsAxis__custom--FairValueIndirectParticipationCEEEGMember_z6HkYQD8epE1" style="text-align: right" title="Investments, opening balance">319,709</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value amortization indirect participation CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_984_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zhAQv4UgxTkb" style="text-align: right" title="Investments, opening balance">(42,523)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zm6842sjlzs7" style="text-align: right" title="Equity Income">(18,418)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zfVmeGBXVHyh" style="text-align: right" title="Investments, opening balance">(60,941)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Global Dot <span style="font: normal 400 8pt HELVETICA LIGHT">⁽³⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_980_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--GlobaldotMember_z1TO33CfWYT7" style="text-align: right" title="Investments, beginning balance"><b style="display: none"><span style="-sec-ix-hidden: xdx2ixbrl2315">-</span></b> </td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--GlobaldotMember_zoKTX0Eh34Ye" style="text-align: right" title="Capital increase"> 1,685</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--TransfersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--GlobaldotMember_zrPE7sDop1I1" style="text-align: right" title="Transfers"> 10,043</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--GlobaldotMember_zU5KL9x9lYK2" style="text-align: right" title="Investments, final balance"> 11,728</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231_zGC5A8QoBhX6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance">5,687,217</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231_zoW0H6G3yFx3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Capital increase">1,794,265</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--TransfersInvestments_pn3n3_c20250101__20251231_zXOOvkbv64Gf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Transfers"> 10,043</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--DividendsInInvestment_pn3n3_c20250101__20251231_z6nLL0k4Rj84" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Dividends"> (66,510)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231_zuWavfzJnpK7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Equity Income"> 599,198</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20250101__20251231_zGvbCVj7sSxc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Comprehensive income">4,584</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--OthersInvestments_pn3n3_c20250101__20251231_ztm5xsFdaFD1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Others"> (2)</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231_zPLLilMHWkU6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance"> 8,028,795</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Other participations</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Others <span style="font: normal 400 8pt Helvetica light">⁽⁴⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--OthersMember_zm2G5QAfsup1" style="border-bottom: Black 0.5pt solid; text-align: right" title="Investments, opening balance"> 58,794</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OthersMember_zLBg5tQxcsmh" style="text-align: right" title="Capital increase">(9)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--WriteoffsInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OthersMember_zyeH4PrjBWsg" style="text-align: right" title="Write-offs"> (5,038)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--TransfersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OthersMember_zXiD674uJ1yl" style="text-align: right" title="Transfers">(10,043)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--OthersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OthersMember_zzGbUdjtNRz5" style="text-align: right" title="Others">2</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--OthersMember_zhTatW2EDXEk" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance"> 43,706</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td> </td> <td> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_z6ghi3P3TYH6" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Investments, opening balance"> 58,794</td> <td> </td> <td id="xdx_987_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zcM4aUcXh4i" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Capital increase">(9)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_ecustom--WriteoffsInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_z2yehrWXg5tb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Write-offs"> (5,038)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--TransfersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zXbTK7QrJVE7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Transfers">(10,043)</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"></td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"></td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td> </td> <td id="xdx_98A_ecustom--OthersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zJInPAtTFoga" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Others">2</td> <td> </td> <td id="xdx_98A_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zZeReoNdOLob" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Investments, opening balance"> 43,706</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Total shareholdings</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98B_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zMgGKNgwhAvh" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance">5,746,011</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zHE1Dvbn5Spd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Capital increase">1,794,256</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_ecustom--WriteoffsInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zf2XDlaeJGJ6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Write-offs"> (5,038)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--DividendsInInvestment_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_z4KLIFGktDze" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Dividends"> (66,510)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zpeyVaWDppXc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Equity Income"> 599,198</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_z2cPeCHDnyj5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Comprehensive income">4,584</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_z4vsCQKwaBBg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance"> 8,072,501</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Classification of investments in the balance sheet</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Equity interests</td> <td> </td> <td> </td> <td id="xdx_982_ecustom--EquityInterests_iI_pn3n3_c20241231_zWdukmhP1j2b" style="text-align: right" title="Equity interests">5,746,011</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--EquityInterests_iI_pn3n3_c20251231_zylYoQ9E8zP7" style="text-align: right" title="Equity interests"> 8,072,501</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Investment Property</td> <td> </td> <td> </td> <td id="xdx_98E_ecustom--InvestmentPropertyValue_iI_pn3n3_c20241231_zHH96pObzRM9" style="border-bottom: Black 0.5pt solid; text-align: right" title="Investment Property"> 202,040</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--InvestmentPropertyValue_iI_pn3n3_c20251231_zHWCK823QUq4" style="border-bottom: Black 0.5pt solid; text-align: right" title="Investment Property">219,525</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Total investments in the asset</td> <td> </td> <td> </td> <td id="xdx_980_ecustom--TotalInvestmentsInAsset_iI_pn3n3_c20241231_zkgXnNGmWG26" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total investments in the asset">5,948,051</td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--TotalInvestmentsInAsset_iI_pn3n3_c20251231_zHdzZReBYfW3" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total investments in the asset"> 8,292,026</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Capitalization of AFACs by CSN on October 17, 2025.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">Equimac S.A. changed its trade name during 4Q25 to "Equibras S.A.", and there were no changes in the Company's participation in this company.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">On December 5, 2025, the Company acquired control of Global Dot Com S.A. (“Global Dot”) and came to indirectly hold 80% of the company’s share capital stock through the subsidiaries CSN Inova Ventures (2.51%) and CSN Inova Soluções S.A. (77.49%). The acquisition was carried out through the conversion of a loan into shares, as well as the purchase of an additional interest totaling R$49.9 million. The Company previously held an investment in Global Dot, which was controlled at fair value. Located in the municipality of Barueri, in the State of São Paulo, Global Dot was constituted as a corporation and aims to provide information services, particularly fleet management services via integrated software.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(4)</td> <td style="text-align: justify; width: 98%">These strategic investments were made in startups by the subsidiary CSN Inova Ventures, either through the execution of a convertible loan with Alinea Health Holdings Ltda., or through a participation in the following companies: I Systems Automação Industrial S.A., H2Pro Ltda., 1S1 Energy Inc., Traive Inc. and Oico Holdings Limited.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 1)"> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; width: 39%"><span></span></td> <td style="width: 1%"> </td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 10%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%">Consolidated</td></tr> <tr> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Companies</td> <td style="vertical-align: bottom"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="vertical-align: bottom"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Final balance on 12/31/2023</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Capital increase</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Dividends</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Equity Income</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Comprehensive income</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Others</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Final balance on 12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Investments under the equity method</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Joint-venture, Joint-operation and Affiliate</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>MRS Logistica</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z9j3pJESb9S6" style="text-align: right" title="Investments, opening balance">  2,381,607</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zN4wvqibRQBa" style="text-align: right" title="Dividends"> (126,163)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zQETORdjDUX7" style="text-align: right" title="Equity Income">  529,211</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zbQRDpGdu55a" style="text-align: right" title="Others"> 14,513</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zyxjvtU7eaXi" style="text-align: right" title="Investments, opening balance">  2,799,168</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Fair Value MRS</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueMRSMember_z17DdTWaHXre" style="text-align: right" title="Investments, opening balance">  480,622</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueMRSMember_zPrDdZYrGJvi" style="text-align: right" title="Investments, opening balance">  480,622</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value MRS amortization</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98F_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_zUOOKcEOeYga" style="text-align: right" title="Investments, opening balance">  (93,971)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_zt4CRLj0PCh" style="text-align: right" title="Equity Income">  (11,748)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_zYhZoszkqKf8" style="text-align: right" title="Investments, opening balance"> (105,719)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Transnordestina Logística S.A.</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_981_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zIcseml62Ag4" style="text-align: right" title="Investments, opening balance">  1,160,944</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zqmCGGO6H7f2" style="text-align: right" title="Equity Income">  (23,599)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zOU0iq2UVDx8" style="text-align: right" title="Investments, opening balance">  1,137,345</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value -Transnordestina</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_985_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueTransnordestinaMember_zB1Nmbsqttu1" style="text-align: right" title="Investments, opening balance">  659,106</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueTransnordestinaMember_zGrzvhlJLXrd" style="text-align: right" title="Investments, opening balance">  659,106</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Arvedi Metalfer do Brasil S.A. </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98C_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_zpk72HilED17" style="text-align: right" title="Investments, opening balance"> 35,488</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_z6006v7VS2Mk" style="text-align: right" title="Equity Income"> (231)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_zOD97stNaWg1" style="text-align: right" title="Investments, opening balance"> 35,257</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Panatlântica S.A.</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--CapitalIncreaseInInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zMjglKZr5U1g" style="text-align: right" title="Capital increase"> 150,000</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zCkQ3uy2qKp3" style="text-align: right" title="Dividends">(46,075)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zWcG5PhYEJU7" style="text-align: right" title="Equity Income"> 19,233</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zUT1xXIoqBSb" style="text-align: right" title="Comprehensive income">23,871</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zQsw0K2jEj87" style="text-align: right" title="Others"> 78,737</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zbnUsI8GAIr6" style="text-align: right" title="Investments, final balance">  225,766</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Equimac S.A</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_986_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_znzIbf7D7Ks3" style="text-align: right" title="Investments, opening balance"> 23,793</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_ztGo6Qig7Aog" style="text-align: right" title="Dividends">  (1,342)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zwcxxqioFWic" style="text-align: right" title="Equity Income">9,282</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zmeUi15SJo9b" style="text-align: right" title="Investments, opening balance"> 31,733</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Indirect interest in affiliates - CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98E_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zTey9EDZxOE2" style="text-align: right" title="Investments, opening balance">  165,891</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zQfvvaG6TxN" style="text-align: right" title="Dividends">(31,610)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zEHjjqcxr1Pa" style="text-align: right" title="Equity Income"> 44,049</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zgeo7F1fl6Pg" style="text-align: right" title="Others">  (31,577)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_ze2FyCHVloJ5" style="text-align: right" title="Investments, opening balance">  146,753</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Fair Value indirect participation CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_981_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_d0_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueIndirectParticipationCEEEGMember_zWP3ZQJc1Pr4" style="text-align: right" title="Investments, opening balance">  319,709</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_d0_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueIndirectParticipationCEEEGMember_ziPyrtodLCQ5" style="text-align: right" title="Investments, opening balance">  319,709</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value amortization indirect participation CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_986_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zOjlxBLclBxf" style="text-align: right" title="Investments, opening balance">  (23,896)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zSb1CLHGp085" style="text-align: right" title="Equity Income">  (18,627)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zUfH6PrFDTy5" style="text-align: right" title="Investments, opening balance">(42,523)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_988_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231_z0bWzxkvYYpf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance">  5,109,293</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--CapitalIncreaseInInvestments_pn3n3_c20240101__20241231_zSVFvRRvZJia" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Capital increase"> 150,000</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231_z1hG6Utzvat7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Dividends"> (205,190)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231_zIhCUF2Q49C1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Equity Income">  547,570</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20240101__20241231_z27a9YxbwiCb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Comprehensive income">23,871</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--OthersInvestments_pn3n3_c20240101__20241231_zxx5klL7XWk3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Others"> 61,673</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231_zLNKlhkMsdVb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance">  5,687,217</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Fair value investments through profit or loss <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td> </td> <td style="text-align: center">14</td> <td> </td> <td id="xdx_98C_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueInvestmentsThroughProfitOrLossMember_zfT0YwhROiw1" style="text-align: right" title="Investments, opening balance"> 78,737</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--FairValueInvestmentsThroughProfitOrLossMember_znXoVsRLT10f" style="text-align: right" title="Others">  (78,737)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueInvestmentsThroughProfitOrLossMember_zUwIcUyDIwx6" style="text-align: right" title="Investments, opening balance"><b style="display: none"><span style="-sec-ix-hidden: xdx2ixbrl2484">-</span></b> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Others <span style="font: normal 400 8pt Helvetica light">⁽²⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_986_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--OthersMember_zAqsWkWOsYQ1" style="text-align: right" title="Investments, opening balance"> 49,149</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--CapitalIncreaseInInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--OthersMember_zM1w62xF10gb" style="text-align: right" title="Capital increase">  5,494</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--OthersMember_zmz6oi5huZWl" style="text-align: right" title="Others">4,151</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--OthersMember_znOAdKWhx0k9" style="text-align: right" title="Investments, opening balance"> 58,794</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_989_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zPsWURBKf4Ta" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance">  127,886</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--CapitalIncreaseInInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_ziBKrdDeccFe" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Capital increase">  5,494</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">  </td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zvOjjwjAAIpk" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Others">  (74,586)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zRHxgoxDjfI1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance"> 58,794</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Total shareholdings</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98B_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_z2u55L9kGIY3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Investments, opening balance">  5,237,179</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--CapitalIncreaseInInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zAn3RqtCFL9g" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Capital increase"> 155,494</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zBVKLZ4p07f9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Dividends"> (205,190)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zlEsnMi4IWej" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Equity Income">  547,570</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zYTEAeKShwDh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Comprehensive income">23,871</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_z9EGWiEOLxz5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Others">  (12,913)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zazMsbGK0S3l" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Investments">  5,746,011</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold">Classification of investments in the balance sheet</td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Equity interests</td> <td> </td> <td> </td> <td> </td> <td id="xdx_987_ecustom--EquityInterests_iI_pn3n3_c20231231_zFDoSqiHqff9" style="text-align: right" title="Equity interests">  5,237,177</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--EquityInterests_iI_pn3n3_c20241231_zv5Tw0W0ddM5" style="text-align: right" title="Equity interests">  5,746,011</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Investment Property</td> <td> </td> <td> </td> <td> </td> <td id="xdx_984_ecustom--InvestmentPropertyValue_iI_pn3n3_c20231231_zIZsDBJynDgb" style="border-bottom: Black 0.5pt solid; text-align: right" title="Investment Property">  205,954</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--InvestmentPropertyValue_iI_pn3n3_c20241231_zXUZquGshgw6" style="border-bottom: Black 0.5pt solid; text-align: right" title="Investment Property">  202,040</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Total investments in the asset</td> <td> </td> <td> </td> <td> </td> <td id="xdx_984_ecustom--TotalInvestmentsInAsset_iI_pn3n3_c20231231_zdKnRy3nWkpb" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total investments in the asset">  5,443,131</td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--TotalInvestmentsInAsset_iI_pn3n3_c20241231_zjxjD8G8I04f" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total investments in the asset">  5,948,051</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin-top: 0; margin-bottom: 0; text-align: center"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Changes in the balance refer to a change in the valuation method used by the investee Panatlântica S.A. due to the above-mentioned share acquisitions. As mentioned, the company, which was previously valued at fair value through profit or loss, is now being valued using the equity method.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">These strategic investments were made in startups by the subsidiary CSN Inova Ventures, either through the execution of a convertible loan with Alinea Health Holdings Ltda., or through a participation in the following companies: I Systems Automação Industrial S.A., H2Pro Ltda., 1S1 Energy Inc., Traive Inc., Oico Holdings Limited and Global Dot Com S.A.</td></tr> </table> <p id="xdx_8A7_zmcCerw8oQy" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The reconciliation of the equity method results of joint-ventures and affiliates and the amount presented in the income statement is presented below and derives from the elimination of CSN's transactions with these companies:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfEquityInResultsTableTextBlock_zWQvT7kNZsg4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 2)"> <tr style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left"><span id="xdx_8BC_zT4hgILMTaf3" style="display: none">Schedule of equity in results</span></td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: right; width: 67%"> </td> <td style="font-weight: bold; text-align: right; width: 16%"> </td> <td style="text-align: right; width: 1%"> </td> <td style="font-weight: bold; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Equity in Results of Affiliated Companies</td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">MRS Logística S.A.</td> <td id="xdx_986_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--MRSLogisticaSAMember_z25RQLZTzT62" style="text-align: right" title="Equity in results of affiliated companies"> 583,027</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--MRSLogisticaSAMember_zgwAm8hkQrDc" style="text-align: right" title="Equity in results of affiliated companies"> 529,211</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Transnordestina Logística S.A. </td> <td id="xdx_987_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--TransnordestinaMember_zCTLnwxscg1b" style="text-align: right" title="Equity in results of affiliated companies">(18,129)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--TransnordestinaMember_zhn1hAWYUWNg" style="text-align: right" title="Equity in results of affiliated companies">(23,599)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Arvedi Metalfer do Brasil S.A. </td> <td id="xdx_986_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--ArvediMetalferdoBrasilsMember_zvPEgJFBwwF6" style="text-align: right" title="Equity in results of affiliated companies">(656)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--ArvediMetalferdoBrasilsMember_zRFap2kWAvd1" style="text-align: right" title="Equity in results of affiliated companies">(231)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Equibras S.A. </td> <td id="xdx_981_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--EquibrasS.A.Member_zhsXf48X1Pv5" style="text-align: right" title="Equity in results of affiliated companies">9,508</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--EquibrasS.A.Member_zBDD2Jm9sj08" style="text-align: right" title="Equity in results of affiliated companies">9,282</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Indirect interest in affiliates - CEEE-G</td> <td id="xdx_98D_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zuuobQIfpXH7" style="text-align: right" title="Equity in results of affiliated companies"> 42,343</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zDbxhL3puxzg" style="text-align: right" title="Equity in results of affiliated companies"> 44,049</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Panatlântica S.A.</td> <td id="xdx_981_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--PanatlanticaS.AMember_zgCCUyNtWUs8" style="text-align: right" title="Equity in results of affiliated companies"> 13,268</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--PanatlanticaS.AMember_zmO83A8UBQx4" style="text-align: right" title="Equity in results of affiliated companies"> 19,233</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Fair Value Amortization</td> <td id="xdx_981_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--FairValueAmortizatedMember_zrJBPdJADrEd" style="text-align: right" title="Equity in results of affiliated companies">(30,163)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--FairValueAmortizatedMember_z6pLK2CbajA8" style="text-align: right" title="Equity in results of affiliated companies">(30,375)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_985_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231_zOI7srEL2xPl" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Equity in results of affiliated companies"> 599,198</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231_zTXKHxkKtnO7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Equity in results of affiliated companies"> 547,570</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Reclassification IAS 28 <span style="font: normal 700 8pt Helvetica light">⁽¹⁾</span></td> <td id="xdx_985_ecustom--EquityInResultsOfAffiliatedCompaniesReclassification_pn3n3_c20250101__20251231_z46oPpwc6lK3" style="font-weight: bold; text-align: right" title="Other adjustments Reclassification">(80,471)</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--EquityInResultsOfAffiliatedCompaniesReclassification_pn3n3_c20240101__20241231_zabZm6rrfSX6" style="font-weight: bold; text-align: right" title="Other adjustments Reclassification">(99,279)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Others</td> <td id="xdx_987_ecustom--EquityInResultsOfAffiliatedCompaniesOther_pn3n3_c20250101__20251231_zedRNga7cmTh" style="text-align: right" title="Other adjustments others"> 17</td> <td style="color: white; text-align: right"> </td> <td id="xdx_98A_ecustom--EquityInResultsOfAffiliatedCompaniesOther_pn3n3_c20240101__20241231_zkOrVEtuUTka" style="text-align: right" title="Other adjustments others">(243)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Equity in Results </td> <td id="xdx_984_ecustom--EquityInResults_pn3n3_c20250101__20251231_ztJcZYjM0xt6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Equity in results"> 518,744</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_ecustom--EquityInResults_pn3n3_c20240101__20241231_z840dgjt1Pnf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Equity in results"> 448,048</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">The operating margin of intercompany operations with group companies classified as joint-ventures, which are not consolidated, are reclassified in the Income Statement of the Investment group to the groups of costs and income tax and social contribution.</td></tr> </table> <p id="xdx_8AE_zfX7fTBh0WTa" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>10.b)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Additional Information on Direct and Indirect Subsidiaries</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">ELIZABETH CIMENTOS S.A. (“Elizabeth Cimentos”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On August 31, 2021, the acquisition of control of Elizabeth Cimentos and Elizabeth Mineração was completed through the Group’s subsidiary CSN Cimentos.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Elizabeth Cimentos, which is located in Paraíba, was constituted as a corporation, and maintains operations in the manufacture and sale of portland cement and clinker. Its products are sold in the states comprising Brazil’s North and Northeast regions.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Elizabeth Mineração merged with CSN Cimentos on April 29, 2022.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">SEPETIBA TECON S.A. (“Tecon”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Its objective is the exploration of the “Terminal de Contêiners do Porto Organizado de Itaguaí” (Container Terminal of the Organized Port of Itaguaí), located in Itaguaí, in the state of Rio de Janeiro. The terminal is connected to ““UPV - USINA PRESIDENTE VARGAS” (PRESIDENTE VARGAS STEEL MILL) – Usina Presidente Vargas” (Presidente Vargas Steel Mill) via the Southeast railway network, conceded to MRS Logística S.A. Services include container, steel product, and general cargo handling and storage operations, among other services such as container washing, maintenance, and sanitization.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Tecon was the winner of the bidding process and on October 23, 1998 signed the lease for the operation of the port terminal for a period of 25 years, starting in 2001, which can be extended if the granting authority gives a positive statement.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Upon termination of the lease contract, all rights and benefits transferred to Tecon, along with Tecon's property assets and those resulting from investments made in leased assets, will be returned to the Union, declared reversible by the Union as necessary for the continuity of the leased terminal's operation. The assets declared as reversible will be compensated by the Union for the residual value of their cost, determined by Tecon's accounting records after deducting depreciation.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">ESTANHO DE RONDÔNIA S.A. (“ERSA”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Headquartered in the state of Rondônia, the subsidiary operates two units, one located in the city of Itapuã do Oeste/RO and the other in Ariquemes/RO. The mining operation is based in Itapuã do Oeste, where cassiterite (tin ore) is extracted, and the smelting is located in Ariquemes, where metallic tin is obtained, which is the raw material used in the “UPV – Usina Presidente Vargas” (Presidente Vargas Steel Mill) for the manufacture of metal sheets.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">COMPANHIA METALÚRGICA PRADA (“Prada”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Prada operates in two segments sectors: steel metal packaging and flat steel processing and distribution.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Packaging</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In the steel metal packaging segment, Prada produces the best and safest products in cans, buckets and aerosols. It serves the chemical and food segments, providing packaging and lithography services for the main market companies.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Distribution</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Prada also operates around processing and distribution of flat steels, with a diversified product line. Provides coils, rolls, sheets, strips, blanks, metal sheets, profiles, tubes and tiles, among other products, for the most different industry segments - from automotive to civil construction. It also specialized in providing steel processing services, meeting the demand of companies throughout the country.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">METALGRÁFICA IGUAÇU S.A. (“Metalgráfica”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Founded in 1951, Metalgráfica has units in Ponta Grossa (PR) and Goiânia (GO) and produces steel cans for the national market of metal packaging for food. Its operation is a strategic asset for CSN's packaging division. The technology used by Metalgráfica is more modern than that used by Prada, improving business competitiveness and strengthening the national chain, especially in relation to substitute packaging.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">CSN ENERGIA S.A. (“Energia”)</span></p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Its main objective is the commercialization of electric energy to supply the operational needs of its Parent Company and its respective subsidiaries. If there is a surplus of the purchased energy, it is sold to the market through the Electric Energy Trading Chamber (“CCEE”). The office of the registered company is located in Volta Redonda - Rio de Janeiro.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">FTL - FERROVIA TRANSNORDESTINA LOGÍSTICA S.A. (“FTL”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Company created to incorporate the spun-off portion of Transnordestina Logística S.A. It operates public rail freight transport services in Brazil's northeastern network, on sections between the cities of São Luís and Altos, Altos and Fortaleza, Fortaleza and Sousa, Sousa and Recife/Jorge Lins, Recife/Jorge Lins and Salgueiro, Jorge Lins and Propriá, Paula Cavalcante and Cabedelo (Cabedelo Branch) and Itabaiana and Macau (Macau Branch) ("Malha I" – Railway Network number I).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">CSN MINERAÇÃO S.A. (“CSN Mineração”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Based in Congonhas, in the state of Minas Gerais, CSN Mineração S.A.'s main objective is the production, purchase and sale of iron ore, and has the foreign market as its focus for marketing its products. On November 30, 2015, CSN Mineração S.A. began centralizing CSN's main iron ore mining operations, including the establishments of the Casa de Pedra mine, the Tecar port, and an 29.90% stake in MRS. CSN's interest in this subsidiary is <span id="xdx_90F_ecustom--StakePercentage_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CSNMineracaoSAMember_zWnVnBkAeyw7" title="Stake percentage"><span id="xdx_905_ecustom--StakePercentage_pip0_dp_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CSNMineracaoSAMember_zGxWzOVCrVa8" title="Stake percentage">69.01</span></span>% as of December 31, 2025 and 2024.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On November 21, 2023, CSN Mining International GmbH was established as a wholly owned subsidiary of CSN Mining Holding S.L.U., which is itself a wholly owned subsidiary of CSN Mineração. Located in Zug, Canton of Zug, Switzerland, its purpose is to market raw materials of any type and other goods in its own name and on behalf of third parties, both in Switzerland and abroad, and may perform or intermediate services directly or indirectly related to this objective or associated with it.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span> <span style="font-family: Helvetica light,serif">MINÉRIOS NACIONAL S.A. (“Minérios Nacional”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Based in Congonhas, in the state of Minas Gerais, Minérios Nacional's main objective is the production and sale of iron ore. The subsidiary concentrates the mineral rights assets related to the Fernandinho, Cayman and Pedras Pretas mines, all located in Minas Gerais, transferred to Minérios Nacional S.A. in the business combination operation that occurred in 2015.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">CBSI - COMPANHIA BRASILEIRA DE SERVIÇOS DE INFRAESTRUTURA (“CBSI”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Based in São Paulo - SP, CBSI's main objective is to provide services to subsidiaries, affiliates, parent company, and other third-party companies, being able to explore activities related to recovery and maintenance of industrial machines and equipment, civil maintenance, industrial cleaning, product logistics preparation, among others.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">COMPANHIA FLORESTAL DO BRASIL (“CFB”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Companhia Florestal do Brasil, a legal entity governed by private law, was incorporated on May 24, 2013. It is organized as a privately held corporation and the company's registered office is located in São Paulo.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span> <span style="font-family: Helvetica light,serif">STAHLWERK THÜRINGEN GMBH (“SWT”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">SWT was established from the former Maxhütte industrial steel complex, in the city of Unterwellenborn, located in Germany. SWT produces steel profile used for civil construction according to international quality standards. Its main raw material is steel scrap, and its installed production capacity is 1.1 million tons of steel per year. SWT is an indirect subsidiary of CSN Steel S.L.U., a wholly owned subsidiary of CSN.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span> <span style="font-family: Helvetica light,serif">COMPANHIA SIDERURGICA NACIONAL – LLC (“CSN LLC”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Companhia Siderúrgica Nacional, LLC, a wholly owned subsidiary of CSN Steel S.L.U. which, in turn, is a wholly owned subsidiary of CSN, is an importer and marketer of steel products and maintains its activities in the United States.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span> <span style="font-family: Helvetica light,serif">LUSOSIDER AÇOS PLANOS, S.A. (“Lusosider”) </span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Incorporated in 1996, in continuity with Siderurgia Nacional – a company privatized by the Portuguese government that year –, Lusosider is the only Portuguese industry in the steel sector to produce cold-rolled flat steels with anticorrosion coating. The Lusosider has an installed capacity of about 550 thousand tons per year to produce four major groups of steel products: galvanized sheet, cold rolled sheet, pickled sheet and oiled sheet. The products manufactured by Lusosider can be applied in the packaging industry, civil construction (tubes and metallic structures) and in household appliance components.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">COMPANHIA ESTADUAL DE GERAÇÃO DE ENERGIA ELÉTRICA – CEEE-G.</span></p> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.05pt"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.05pt; text-align: justify">On October 21, 2022, Companhia Florestal Brasileira (“CFB”) acquired a <span id="xdx_902_ecustom--StakePercentage_pip0_dp_c20221020__20221021__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CompanhiaEstadualDeGeracaodeEnergiaEletricaCEEEGMember_zB3iMouJJK6l" title="Stake percentage">66.23</span>% stake in CEEE-G, which previously belonged to the State of Rio Grande do Sul. On December 15, 2022, CFB also subsequently acquired a 32.73% stake in CEEE-G, which was previously part of Centrais Elétricas Brasileiras S.A. – Eletrobras. In November 2023, CEEE-G held an auction for a Public Offer for the Acquisition of Shares ("OPA") to acquire up to 100% of the shares subject to the offer. During the auction, the Company acquired 1,271 common shares and 338 preferred shares, representing 0.017% of its total share capital. The success of the OPA culminated in the conversion of CEEE-G’s registration from a "Category A" to "Category B” company, which was approved by the CVM on January 25, 2024. <span id="xdx_903_ecustom--CancellationOfSharesDescription_c20250101__20251231_zOMyBIuNrmb7" title="Cancellation of shares description">On February 21, 2024, the company’s held its AGM, which resolved on the compulsory redemption and subsequent cancellation of 98,375 (ninety-eight thousand, three hundred and seventy-five) shares, of which 41,896 (forty-one thousand, eight hundred and ninety-six) and 56,479 (fifty-six thousand, four hundred and seventy-nine) were common and preferred shares issued by CEEE-G, respective, without making changes to the value of its share capital.</span> As a result, as of this date, CFB came to hold 100% of the shares issued by CEEE-G.</p> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.05pt; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.05pt; text-align: justify">Based in Porto Alegre, Rio Grande do Sul State, CEEE-G's main purpose is to conduct studies and implement projects and build and operate electric power plants, as well as to execute business activities resulting from these activities, such as electric energy commercialization. CEEE-G exercises shareholding control over the Special Purpose Entities (SPEs) Ventos de Curupira S.A., Ventos de Povo Novo S.A. and Ventos de Vera Cruz S.A., which were incorporated in February 2014 and members of the consortium responsible for the construction of the Povo Novo Wind Farm Complex.</p> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.05pt; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.05pt; text-align: justify">CEEE-G also holds a 15% participation in the Dona Francisca Consortium, located in Nova Palma, in the state of Rio Grande do Sul, as well as a 30% stake in Companhia Energética Rio das Antas – CERAN, which is located in Florianópolis, in the state of Santa Catarina.</p> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.05pt; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify">The Company's indirect equity interest in CEEE-G, as of December 31, 2025, is 100%.</p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">COMPANHIA ENERGÉTICA CHAPECÓ – CEC</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CEC, based in São Paulo, is an independent power producer whose main activity is harnessing electric power potential on the Chapecó River through a hydroelectric plant located between the municipalities of Ipuaçu and São Domingos in the state of Santa Catarina, called Central Geradora Quebra-Queixo. On December 11, 2000, CEC signed a Concession Agreement for the Use of Public Property for the generation of electricity No. 94/2000 with the National Electric Energy Agency – ANEEL. The concession has a term of 35 years counted from the date of contract signature by the granting authority, which may be extended under conditions established by ANEEL, provided that the hydroelectric project exploitation meets the contract conditions and sector legislation.</p> <p style="font: 10pt Helvetica light,serif; margin: 0"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">CSN CIMENTOS BRASIL S.A (“CSN Cimentos Brasil”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Acquired on September 6, 2022, CSN Cimentos Brasil is constituted as a corporation, domiciled in Brazil, with its headquarters located in Santa Cruz, Rio de Janeiro - RJ. This subsidiary of CSN has industrial plants, warehouses and branches in much of the national territory. Its main activities are production, industry and general trade of cement, lime, mortar, minerals and metals in general and complementary products for civil construction, in natura. CSN's equity interest in CSN Cimentos Brasil as of December 31, 2024 is <span id="xdx_901_ecustom--StakePercentage_pid_dp_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CSNCimentosBrasilSAMember_zchDLBNrZevd" title="Stake percentage">99.99</span>%.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span> <span style="font-family: Helvetica light,serif">CSN CIMENTOS S.A. (“CSN CIMENTOS”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The cement segment operations began in the Group in May 2009, through a grinding unit in Volta Redonda/RJ, driven by the synergy between this activity and the slag generation produced by the blast furnaces of “UPV – Usina Presidente Vargas” (Presidente Vargas Stell Mill), a material used as the main raw material for cement production.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In 2011, its own clinker production was started, with the installation of a rotary clinker kiln in Arcos, Minas Gerais, using calcitic limestone extracted from the Bocaina Mine, existing in the same location that also supplies the steel limestone to the “UPV – Usina Presidente Vargas” (Presidente Vargas Steel Mill). This clinker produced is primarily sent by railway to the cement factory in Volta Redonda/RJ.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In 2015, the Arcos/MG unit started cement production with the installation of two vertical cement mills and in 2016 a second clinker production line was installed, thus achieving self-sufficiency of clinker in cement production.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The main product of Arcos is CP-II type cement, basically composed of clinker, slag, limestone, and gypsum, with the composition varying according to the product. Still in Arcos, there is exploration of calcitic limestone and dolomite, which is destined for the “UPV – Usina Presidente Vargas” (Presidente Vargas Steel Mill).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On August 31, 2023, the reverse merger of CSN Cimentos by CSN Cimentos Brasil was approved with the transfer of all assets, property (movable and immovable), rights and obligations. The Appraisal Report of CSN Cimentos' shareholders' equity was prepared based on a specific balance sheet with a base date of June 30, 2023.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">As a result of the merger, CSN Cimentos Brasil's shareholders' equity was increased by R$ <span id="xdx_90E_ecustom--NetEquity_iI_pn3n3_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCimentosBrasilSAMember_zRJ5oWywHfd8" title="Net equity">2,383,276</span>, of which R$ 2,300,489 were allocated to the share capital and R$ <span id="xdx_900_eifrs-full--CapitalReserve_iI_pn3n3_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCimentosBrasilSAMember_zhygu0VdJOAj" title="Capital reserve">82,786</span> to the capital reserve account.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_885_ecustom--ScheduleOfNetEquityTableTextBlock_pn3n3_zeuZ4vPNd2V5" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 3)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B0_z60gKmqoyjBb" style="display: none">Schedule of net equity</span></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 72%">(R$'000)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 28%"> Accounting collection as of June 30, 2023 </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Cash and cash equivalents</td> <td id="xdx_985_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__custom--CashAndCashEquivalentMember_zBEY5YLRqvX4" style="text-align: right" title="Net equity"> 111,937</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Trade receivables</td> <td id="xdx_982_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--TradeReceivablesMember_zMUwjksBbqUf" style="text-align: right" title="Net equity">95,506</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Inventories</td> <td id="xdx_98B_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__custom--InventoryMember_zsvyYQk3RHD2" style="text-align: right" title="Net equity"> 245,701</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Other assets </td> <td id="xdx_989_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--OtherAssetsMember_z5cd6v04yNM7" style="text-align: right" title="Net equity"> 229,560</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Corporate investments</td> <td id="xdx_98F_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__custom--CorporateInvestmentsMember_zecHqpxwA2g2" style="text-align: right" title="Net equity"> 1,198,743</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Property, plant and equipment </td> <td id="xdx_98E_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--PropertyPlantAndEquipmentMember_zUQe8oRLwR96" style="text-align: right" title="Net equity"> 3,573,944</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Intangíible assets </td> <td id="xdx_988_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--IntangibleAssetsAndGoodwillMember_z2CyFTHkzP1c" style="text-align: right" title="Net equity"> 889,979</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Investment properties</td> <td id="xdx_987_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--InvestmentPropertyMember_zMOPdBNkg0Xb" style="text-align: right" title="Net equity">  631</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold">Total Assets</td> <td id="xdx_98D_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__custom--TotalAssetsMember_z0RezTyFK6s9" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Net equity"> 6,346,001</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Trade payables</td> <td id="xdx_983_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember_zRARCIMmATPj" style="text-align: right" title="Net equity"> 375,049</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Borrowings and financing </td> <td id="xdx_981_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember_z1RCk5csasGg" style="text-align: right" title="Net equity"> 2,678,625</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Salaries and social charges</td> <td id="xdx_98C_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--SalariesAndSocialChargesMember_zqgF2rGu76Kf" style="text-align: right" title="Net equity">15,432</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Taxes payable </td> <td id="xdx_984_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TaxesPayablesMember_zvHj7x9VRe68" style="text-align: right" title="Net equity">42,383</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Lease liabilities</td> <td id="xdx_98A_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__ifrs-full--LeaseLiabilitiesMember_zmd4QduzYGI6" style="text-align: right" title="Net equity">15,392</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Tax, social security, labor and civil</td> <td id="xdx_98D_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TaxSocialSecurityLaborAndCivilMember_zvk2tiehYHK" style="text-align: right" title="Net equity">11,489</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Provisions for environmental liabilities and asset decommissioning</td> <td id="xdx_984_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ProvisionsForEnvironmentalLiabilitiesAndAssetDecommissioningMember_zGWauF5C7Q2l" style="text-align: right" title="Net equity">83,076</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Other payables</td> <td id="xdx_98A_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--OtherPayableMember_zmKXcxuhv2nf" style="text-align: right" title="Net equity"> 741,279</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold">Total Liabilities</td> <td id="xdx_981_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TotalLiabilitiesMember_zUSzllAXY6a8" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Net equity"> 3,962,725</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-bottom: Black 2pt double; font-weight: bold">Net assets</td> <td id="xdx_98A_ecustom--NetEquity_iI_pn3n3_c20230630_zR5BzlIOY89e" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Net equity"> 2,383,276</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif"> CSN ITC Solutions AG (“CSN ITC”) </span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN ITC was incorporated on March 5, 2025. The Company holds a direct take 55.2% in CSN ITC through its indirect subsidiary CSN Mining International GmbH, which holds an 80% stake in CSN ITC. Located in Switzerland, the entity is constituted as a corporation. CSN ITC's activities consist of the sale, distribution, and processing of iron ore and related products in key strategic expansion markets, with the objective of adding value to these products. It has been exploring and seeking out business opportunities in Switzerland and/or other countries.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">Gramperfil S.A. (“Gramperfil”) </span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On March 23, 2025, Gramperfil was acquired for the total amount of EUR 11,801 on March 23, 2025. The entirety of its share capital is held by CSN Steel S.L.U., which is located in Portugal and constituted as a corporation. Gramperfil’s business activities consist of producing, selling and processing metal profiles and accessories, in addition to importing and exporting such products for use in metal structures in civil construction.</p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif"> Estrela Comércio e Participações S.A. (“Estrela Group”) </span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On April 1, 2025, CSN acquired shares representing 70% of Estrela Comércio e Participações S.A.’s ("Estrela”) share capital for the price of R$ 752,494 million reals. Whereas Estrela holds an equity interest in the following companies: Tora Transportes Ltda., Tora Locações S.A., FJX Transportes S.A., N. Minas Transportes e Locações Ltda., Saratoga Transportes Ltda., Lokamig Rent a Car S.A., Seminovos Lokamig Ltda., Tora Logística Armazéns e Terminais Multimodais S.A., Tora Recintos Alfandegários S.A. and Tora Seminovos Comércio de Veículos Ltda.("Grupo Estrela"), these companies became part of the series of companies indirectly controlled by the Company. Grupo Estrela, which is mainly located in Minas Gerais, maintains operations in the field of road transport.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">CSN Captive Insurance Company LLC (“CSN Captive”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN Captive was incorporated on July 8, 2025, and its share capital was paid in full by the Company on August 29, 2025. CSN Captive is located in the United States in the State of Vermont, in the United States of America, and its corporate purpose is to operate in the insurance market, providing insurance coverage to companies in which the Company holds a participation, as well as to third parties.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">Galvacolor Jerez S.L.U. (“Galvacolor”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">October 18, 2025, the Company indirectly acquired Galvacolor for the amount of EUR 47 million, the entirety of the share capital of which is held by the subsidiary CSN Steel S.L.U. Located in Spain, Galvacolor is incorporated as a single-member limited liability company, and its corporate purpose involves the production of steel profiles and activities involved in the processing and sale of steel and smelting products.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif"> Global Dot Com S.A. (“Global Dot”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On December 5, 2025, the Company came to indirectly hold <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20251204__20251205__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--GlobalDotComS.A.Member_zSQ3phBOrsz" title="Interest in subsidiary">80</span>% of the company’s share capital through the subsidiaries CSN Inova Ventures (<span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CSNInovaVenturesMember_zXfroDuAUpI" title="Interest in subsidiary">2.51</span>%) and CSN Inova Soluções S.A. (<span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CSNInovaSolucoesS.A.Member_zEjq8oXaMcwj" title="Interest in subsidiary">77.49</span>%). The acquisition was carried out through the conversion of a loan into shares, as well as the purchase of an additional interest totaling R$ <span id="xdx_906_ecustom--AdditionalInterest_pn5n6_c20251204__20251205__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--GlobalDotComS.A.Member_zwLJSviD78Rk" title="Additional interest">49.9</span> million. Located in the municipality of Barueri, in the State of São Paulo, Global Dot was constituted as a corporation and aims to provide information services, particularly fleet management services via integrated software.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>10.c)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Main occurrences at subsidiaries in 2025 and 2024</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">CSN Mineração S.A. (“CSN Mineração”)</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Additional sale of shares held by MRS Logística S.A.</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">This transaction was carried out for the total price of R$<span id="xdx_90C_ecustom--TransactionValue_iI_pn3n3_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaS.A.Member_zXdMTUbrjNUa" title="Transaction value">3,350,000</span> previously received by CSN. In the consolidated financial statements, the book value of MRS's investment, amounting to (R$<span id="xdx_909_ecustom--InvestmentAmount_iI_pn3n3_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaS.A.Member_zrCJfYWv1ff7" title="Investment amount">998,922</span>), was derecognized and a gain of R$<span id="xdx_901_ecustom--GainOnOperatingRevenues_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaS.A.Member_z6vnEQ2kBK4e" title="Gain operating revenues">2,351,078</span> was initially recorded under other operating revenues (see note 29). However, as the transaction was carried out under common control, such gain was eliminated in consolidation as an unrealized profit at CSN Mineração (see note 10.a). Accordingly, there was no impact on the consolidated results at the transaction date. The transaction resulted in an increase in the ownership interest held by non-controlling shareholders in CSN Mineração.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Share buyback program of subsidiary CSN Mineração</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN Mineração approved, in Board of Directors Meetings, the Share Buyback Programs, for treasury maintenance and subsequent disposal or cancellation, described below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfShareRepurchaseProgramsOfSubsidiaryCSNMineracaoTableTextBlock_pn3n3_zjm3b8KE9iib" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 4)"> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: center"><span id="xdx_8BF_zBsGmgMKTqz2" style="display: none">Schedule of share repurchase programs of subsidiary CSN Mineracao</span></td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-size: 8.5pt; text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 6%">Program</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Board’s Authorization</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 10%">Authorized quantity</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 20%">Program period</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Average buyback price</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 15%">Minimum and maximum buyback price</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Number bought back</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 9%">Share cancelation</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Treasury balance </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: center">4º</td> <td> </td> <td style="text-align: center"> <span id="xdx_902_ecustom--BoardsAuthorization_dd_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_zG5DCBVHXtak" title="Boards authorization">06/28/2024</span> </td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--AuthorizedQuantityShares_pid_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_ze012inQqIuh" style="text-align: right" title="Authorized quantity"> 100,000,000</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_ecustom--DescriptionOfProgramPeriod_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_ze7i6A1TBV8k" title="Program period">from 06/28/2024 to 12/19/2025</span> </td> <td style="text-align: right"> </td> <td style="font-size: 8.5pt; text-align: right">R$ <span id="xdx_909_ecustom--RepurchaseAverageBuybackPrice_pip0_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_ziEEdm0pGgVc" title="Repurchase average buyback price">6.0497</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> R$<span id="xdx_908_ecustom--MinimumBuybackPrice_iI_pip0_uBRLPShares_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_zy235TwQKySb" title="Minimum buyback price">5.2798</span> and R$<span id="xdx_904_ecustom--MaximumBuybackPrice_iI_pip0_uBRLPShares_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_z6QsMHLglFfg" title="Maximum buyback price">7.1162</span> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--WeightedAverageShares_pip0_uShares_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_zXnfGbZ94mxh" style="text-align: right" title="Number bought back shares"> 53,294,300</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--CancelationOfShares_iI_pip0_uShares_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramsMember_zhdunBkZR5v4" style="text-align: right" title="Cancelation of shares">(3)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--TreasuryShares1_iI_pip0_uShares_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_zuqPgtV3rCPk" style="text-align: right" title="Treasury balance">53,294,297</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center">5º</td> <td> </td> <td style="text-align: center"> <span id="xdx_90D_ecustom--BoardsAuthorization_dd_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FifthProgramMember_zgjQrE37tIC7" title="Boards authorization">11/21/2025</span> </td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AuthorizedQuantityShares_pid_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FifthProgramMember_zvErdFUaHMv3" style="text-align: right" title="Authorized quantity"> 53,294,297</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_ecustom--DescriptionOfProgramPeriod_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FifthProgramMember_zHkd6WCCLy52" title="Program period">from 11/24/2025 to 05/24/2027</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-size: 8.5pt; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--WeightedAverageShares_pip0_uShares_c20250101__20251231_zYWdzvBdTD57" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Number bought back shares"> 53,294,300</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--CancelationOfShares_iI_pip0_uShares_c20251231_zmpSAYtZnqCk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cancelation of shares">(3)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--TreasuryShares1_iI_pip0_uShares_c20251231_zstFX3RcLCf5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Treasury balance">53,294,297</td></tr> </table> <p id="xdx_8AE_zHW9NK1NtV14" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN Mineração’s Share Repurchase Program, for treasury maintenance and subsequent disposal or cancellation, approved on June 28, 2024 by the Board of Directors, consists of:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">• Buyback of up to 100,000,000 shares</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">• Program term from June 28, 2024 to December 19, 2025</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">• Acquisition price may not be higher than the quotation on the Stock Exchange</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">• Buyback operations intermediated by qualified financial institutions.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On October 17, 2024, CSN Mineração approved the cancellation of three company shares held in treasury at a meeting of the Board of Directors. The were no changes in the subsidiary’s share capital as a result of the cancellation of shares. The Company’s share capital was therefore divided into 5,485,338,835 shares.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Program for the sale of shares held by the subsidiary CSN Mineração</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The purpose of the Share Sale Program is to dispose of shares currently held in treasury as part of the Company's financial management/ investment process in order to contribute to the liquidity of shares on the market. Approved on November 21, 2025 by the Board of Directors, the Program consists of:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">• Sale of up to 53,294,297 shares, </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">• Program implemented from November 24, 2025 to May 21, 2027, </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">• Acquisition price: Shares will be sold at B3 S.A. - Brasil, Bolsa, Balcão, at market price.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">• Repurchase operations will be intermediated by qualified financial institutions. </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Distribution of dividends from subsidiary CSN Mineração:</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On May 9, 2024, the Board of Directors of CSN Mineração approved the distribution of interim dividends to the profit reserve account in the amount of R$ <span id="xdx_90D_ecustom--ProfitReserveAmount_iI_pn3n3_c20240509__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zwGvR6KxeLdj" title="Profit reserve amount">1,025,040</span>, corresponding to R$ <span id="xdx_90E_ecustom--ProfitReservePerShare_iI_pip0_c20240509__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_z3hBfcPKZYHe" title="Profit reserve per share">0.186869166032</span> per share, in anticipation of the minimum mandatory dividend.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">At a CSN Mineração Board of Directors meeting held on September 30, 2024, the following distributions were approved: extraordinary interim dividends from profits recorded in the balance sheet as of August 31, 2024, totaling R$ <span id="xdx_90A_ecustom--DividendsReserveAmount_iI_pn3n3_c20240831__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zdyFmSBVJesg" title="Dividends reserve amount">2,375,000</span>, corresponding to R$ <span id="xdx_904_ecustom--DividendsPerShare_iI_pip0_c20240831__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zMmPRp6rnrBh" title="Dividends per share">0.43689118448</span> per share intermediate dividends from the profit reserve from previous fiscal years, in the amount of R$ <span id="xdx_900_ecustom--ProfitReserveAmount_iI_pn3n3_c20240831__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zn74p7Hnz1t" title="Profit reserve amount">160,000</span>, corresponding to R$ <span id="xdx_902_ecustom--ProfitReservePerShare_iI_pip0_c20240831__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_znwbPuCq9lp1" title="Profit reserve per share">0.02943266927</span> per share and payment of interest on equity by CSN Mineração in the amount of R$ <span id="xdx_90C_ecustom--PaymentOfInterestOnEquityAmount_iI_pn3n3_c20240831__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zWuzwQ42Vbx" title="Payment of interest on equity">465,000</span>, corresponding to R$ <span id="xdx_905_ecustom--PaymentOfInterestOnEquityPerShare_iI_pip0_c20240831__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zWknXBZA8YT9" title="Payment of interest on equity per share">0.08553869507</span> per share.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On December 27, 2024, CSN Mineração's Board of Directors approved the payment of interest on equity in the amount of R$ <span id="xdx_906_ecustom--PaymentOfInterestOnEquityAmount_pn3n3_c20241227__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zu980sOjr0v1" title="Payment of interest on equity">211,610</span>, corresponding to the value of R$ <span id="xdx_906_ecustom--PaymentOfInterestOnEquityPerShare_iI_pip0_c20241227__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zJwDvBzfKXXh" title="Payment of interest on equity per share">0.03895595758</span> per share.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On May 8, 2025, CSN Mineração’s Board of Directors approved the following items:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">1. A total amount of R$<span id="xdx_905_ecustom--DividendsReserveAmount_iI_pn3n3_c20250508__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zAZTxOIqiCS9" title="Dividends reserve amount">1,090,000</span> allocated to the profit reserve account as interim dividends</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">2. A total net amount of R$<span id="xdx_900_ecustom--PaymentOfInterestOnEquityAmount_iI_pn3n3_c20250508__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zh5y9bXVVMq3" title="Payment of interest on equity">178,201</span> allocated to the profit reserve account as Interest on Equity</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On November 4, 2025, CSN Mineração’s Board of Directors approved the following items:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">1. Payment in the amount of R$<span id="xdx_906_ecustom--DividendsReserveAmount_iI_pn3n3_c20251104__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zc2yWI2ttIXc" title="Dividends reserve amount">424,206</span> to the company’s profit reserve account as interim dividends</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">2. A total net amount of R$<span id="xdx_90E_ecustom--PaymentOfInterestOnEquityAmount_iI_pn3n3_c20251104__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zEO1TCPcZw19" title="Payment of interest on equity">479,000</span> allocated to the profit reserve account as Interest on Equity</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On December 26, 2025, CSN Mineração’s Board of Directors approved the following items:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">1. Payment in the amount of R$<span id="xdx_905_ecustom--DividendsReserveAmount_iI_pn3n3_c20251226__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zwQl0Mzo8SYh" title="Dividends reserve amount">259,712</span> to the company’s profit reserve account as interim dividends</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">2. A total net amount of R$<span id="xdx_904_ecustom--PaymentOfInterestOnEquityAmount_iI_pn3n3_c20251226__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zDwnJ0jDH1xj" title="Payment of interest on equity">163,998</span> allocated to the profit reserve account as Interest on Equity</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Additionally, within the scope of the proposal to allocate the income for the year, the subsidiary CSN Mineração decided to distribute additional dividends in the amount of R$<span id="xdx_90B_ecustom--DividendsReserveAmount_iI_pn3n3_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_z0ebvlFHpHq5" title="Dividends reserve amount">768,596</span>, which will be submitted at the company’s Annual General Meeting for approval.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Approval, Execution and Sale of Minority Interest in Subsidiary CSN Mineração</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company, during a Board of Directors meeting held on October 17, 2024, approved a Non-Binding Proposal with Itochu Corporation for the sale of a minority stake of up to 11% in its subsidiary CSN Mineração, at a price per share of R$7.50.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On November 5, 2024, at an additional meeting of the Board of Directors, the Company resolved to approve the execution of the Share Purchase Agreement for the sale of <span id="xdx_90C_ecustom--SaleOfCommonShares_iI_pip0_c20241105__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_z6lUygDvLkKf" title="Sale of common shares">589,304,801</span> common shares issued by</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN Mineração for a unit price of R$<span id="xdx_906_ecustom--SaleOfCommonStockPricePerShare_iI_pip0_c20241105__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_za39zUCvbev2" title="Sale of common stock price per share">7.50</span> per share, in the amount of R$<span id="xdx_901_ecustom--SaleOfCommonSharesValue_iI_pn3n3_c20241105__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoMember_zFv7uLZYQ141" title="Sale of common shares value">4,419,786</span>. This amount was paid to CSN in cash by Itochu Corporation on the Share transfer date.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfSecondaryDistributionOfSharesTableTextBlock_pn3n3_zk0ISWAdERaf" style="font: 8pt Helvetica light; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 5)"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 0.5pt solid; width: 68%"><span id="xdx_8B3_zewJ00ACD7dk" style="display: none">Schedule of secondary distribution of shares</span></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 30%">11/30/2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Number of shares sold</td> <td> </td> <td id="xdx_983_ecustom--SecondaryDistributionNumberOfSharesSoldByCsn_pip0_c20241101__20241130_z2HGKO2vmtD1" style="text-align: right" title="Number of shares sold">589,304,801</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Share price</td> <td> </td> <td id="xdx_980_ecustom--SecondaryDistributionPricePerShare_pid_c20241101__20241130_z4AA69KDiH1k" style="text-align: right" title="Share price"> R$ 7.50</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold">(+) Cash received (a) </td> <td style="font-weight: bold"> </td> <td id="xdx_982_ecustom--CashReceived_pn3n3_c20241101__20241130_z0JK6O8VNkY2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Cash received"> 4,419,786</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Number of shares sold</td> <td> </td> <td id="xdx_989_ecustom--IncreaseDecreaseThroughTransactionsWithOwnersShares_pip0_c20241101__20241130_zOnyspaPAKn6" style="text-align: right" title="Number of shares sold">589,304,801</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Equity cost of the share</td> <td> </td> <td id="xdx_981_eifrs-full--DividendsPaidOrdinarySharesPerShare_pid_c20241101__20241130_zlUTTcwt4IV8" style="text-align: right" title="Equity cost of the share"> R$ 1.72</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold">(-) Write-off of investment (b)</td> <td style="font-weight: bold"> </td> <td id="xdx_98C_ecustom--WriteoffOfInvestment_pn3n3_c20241101__20241130_z7HPNubVK3P4" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Write-off of investment"> 1,013,604</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-bottom: Black 2pt double; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">(=) Gain in operation (a) - (b)</td> <td style="font-weight: bold"> </td> <td id="xdx_98F_ecustom--SecondaryDistributionNetGainFromTransaction_pn3n3_c20241101__20241130_z4Nw56W0vcll" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Gain in operation"> 3,406,182</td></tr> </table> <p id="xdx_8A7_zln2RREc0yD6" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">After approval of the transaction by the Administrative Council for Economic Defense – CADE, Itochu Corporation became a signatory to the Shareholders' Agreement of CSN Mineração, amended on November 6, 2024, without changing the rights of the parties to such agreement.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">From November 12, 2024, due to this operation, CSN now holds <span id="xdx_90B_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CompanhiaSidurgicaNacionalMember_zkyoemH6d4l5" title="Number of stakeholders shares">3,785,474,692</span> common shares issued by CSN Mineração, reducing its direct stake to <span id="xdx_90D_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CompanhiaSidurgicaNacionalMember_zbNMqrraJXT1" title="Percentage of shareholdings">69.01</span>%, while Itochu Corporation now holds <span id="xdx_90C_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ItochuCorporationMember_zejFxiY3X3bc" title="Number of stakeholders shares">589,304,801</span> common shares issued by CSN Mineração, reaching a direct stake of <span id="xdx_909_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ItochuCorporationMember_zuF2UuGXyLKl" title="Percentage of shareholdings">10.74</span>% and an indirect stake of <span id="xdx_90E_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JapaoBrasilMinerioDeFerroParticipacoesLtdaMember_zd2aK3t44iea" title="Percentage of shareholdings">9.26</span>% through Japão Brasil Minério de Ferro Participações LTDA. Therefore, the shareholding composition of CSN Mineração became:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--ScheduleOfShareholdingCompositionTableTextBlock_pn3n3_zQ9E5KlP8Thi" style="width: 100%; border-collapse: collapse; font-size: 12pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 6)"> <tr> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span id="xdx_8B4_zwRMGCr0wsn8" style="display: none">Schedule of shareholding composition</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"> </td></tr> <tr> <td style="border-bottom: #7F7F7F 1pt solid; white-space: nowrap; width: 65%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase"><b>SHAREHOLDER</b></span></td> <td style="border-bottom: #7F7F7F 1pt solid; white-space: nowrap; width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase"><b>SHARES</b></span></td> <td style="border-bottom: #7F7F7F 1pt solid; white-space: nowrap; width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase"><b>% SHAREHOLDING</b></span></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt">COMPANHIA SIDÚRGICA NACIONAL</span></td> <td id="xdx_985_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CompanhiaSidurgicaNacionalMember_zpyU1wTQXEve" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">3,785,474,692</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_909_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CompanhiaSidurgicaNacionalMember_zQ4mf1yF2Vs" title="Percentage of shareholdings">69.01</span>%</span></td></tr> <tr style="background-color: White"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">ITOCHU CORPORATION</span></td> <td id="xdx_985_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ItochuCorporationMember_zuOX0QM9YJig" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">589,304,801</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_901_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ItochuCorporationMember_zqIrprTAg6Ek" title="Percentage of shareholdings">10.74</span>%</span></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">Japão Brasil Minério de Ferro Participações LTDA</span></td> <td id="xdx_981_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JapaoBrasilMinerioDeFerroParticipacoesLtdaMember_zixq00il1oMd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">507,762,966</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_906_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JapaoBrasilMinerioDeFerroParticipacoesLtdaMember_zedWmnEbnYA5" title="Percentage of shareholdings">9.26</span>%</span></td></tr> <tr style="background-color: White"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">POSCO Holding Inc.</span></td> <td id="xdx_98F_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PoscoHoldingIncMember_zfQ72fbGZrU1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">102,186,675</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_900_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PoscoHoldingIncMember_zOnue4RXDM41" title="Percentage of shareholdings">1,86</span>%</span></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">CHINA STEEL CORPORATION</span></td> <td id="xdx_98A_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ChinaSteelCorporationMember_zjiA81A6vmId" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">22,366,860</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_906_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ChinaSteelCorporationMember_zEJIlIloNnHf" title="Percentage of shareholdings">0.41</span>%</span></td></tr> <tr style="background-color: White"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">TREASURY SHARES</span></td> <td id="xdx_985_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TreasuryShareMember_zjuRrcYZP4Fa" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">53,294,297</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_90B_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TreasuryShareMember_zDtE8GA5FT2f" title="Percentage of shareholdings">0.97</span>%</span></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">OTHERS</span></td> <td id="xdx_983_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--OthersMember_zp5aueoOMScb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">424,948,544</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_907_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--OthersMember_zRJ6GIUL2ys8" title="Percentage of shareholdings">7.75</span>%</span></td></tr> <tr style="background-color: White"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase"><b>Total SHARES</b></span></td> <td id="xdx_982_ecustom--NumberOfSharesHold_pip0_c20250101__20251231_z2aKOsRRy7gf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt"><b>5,485,338,835</b></span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><b><span id="xdx_907_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231_zYhW1UG5Vtyk" title="Percentage of shareholdings">100.00</span>%</b></span></td></tr> </table> <p id="xdx_8A5_zRB0wpEWgAEi" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>10.d)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Joint-Ventures and Joint-Operations Financial Information</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The balance sheet and income statement balances of the companies whose control is shared are shown below and refer to 100% of the companies’ results:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfJointVenturesAndJointOperationsFinancialnformationTableTextBlock_pn3n3_zSo01ncfxnI8" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 7)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"><span id="xdx_8B0_zwp2a7l4mCl4" style="display: none">Schedule of joint ventures and joint operations financial information</span></td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; width: 25%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 7%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 8%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 9%">12/31/2025</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 7%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 9%">12/31/2024</td></tr> <tr style="vertical-align: bottom"> <td style="border-top: Black 0.5pt solid"> </td> <td> </td> <td colspan="5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; text-align: center">Joint-Venture</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; font-style: italic"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; text-align: left; border-top-color: Black; border-top-width: 0.5pt"> Joint-Operation </td> <td> </td> <td colspan="5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; text-align: center">Joint-Venture</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; border-top-color: Black; border-top-width: 0.5pt">Joint-Operation</td></tr> <tr> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Equity interest (%)</td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">MRS Logística (1)</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Transnordestina Logística</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Equibras S.A.</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Itá Energética</td> <td style="vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">MRS Logística</td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Transnordestina Logística</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Equimac S.A.</td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Itá Energética</td></tr> <tr style="vertical-align: bottom"> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">37.49%</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">33.89%</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">50.00%</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.75%</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">37.49%</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.03%</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">50.00%</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.75%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center">Balance sheet</td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> Current Assets </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Cash and cash equivalents</td> <td> </td> <td id="xdx_98D_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zsS98edxUF99" style="text-align: right" title="Cash and cash equivalents">4,131,117</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zWGFKVeTC7Qi" style="text-align: right" title="Cash and cash equivalents"> 1,740,636</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_z7Ye22fQG0Z" style="text-align: right" title="Cash and cash equivalents">16,678</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zar6hJABZJF8" style="text-align: right" title="Cash and cash equivalents">112,820</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zNo4QhMvo92i" style="text-align: right" title="Cash and cash equivalents"> 4,147,393</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_z0UUU3zuCV5l" style="text-align: right" title="Cash and cash equivalents"> 277,966</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CashAndCashEquivalents_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zAvn4YJhLMR1" style="text-align: right" title="Cash and cash equivalents"> 22,028</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CashAndCashEquivalents_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z8BFa7nbkF2b" style="text-align: right" title="Cash and cash equivalents"> 82,129</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Advances to suppliers</td> <td> </td> <td id="xdx_985_eifrs-full--CurrentAdvancesToSuppliers_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zSBD8qicu9Se" style="text-align: right" title="Advances to suppliers">37,512</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--CurrentAdvancesToSuppliers_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zMxPvGzFYFvb" style="text-align: right" title="Advances to suppliers"> 62,240</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentAdvancesToSuppliers_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zvaRN9fyxVq5" style="text-align: right" title="Advances to suppliers"> 34</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentAdvancesToSuppliers_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zl0AUCFYpaoi" style="text-align: right" title="Advances to suppliers">527</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--CurrentAdvancesToSuppliers_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zzbCufmL35O4" style="text-align: right" title="Advances to suppliers">42,649</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentAdvancesToSuppliers_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zWP8RCi8tIma" style="text-align: right" title="Advances to suppliers"> 45,512</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--CurrentAdvancesToSuppliers_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zDiLFU4xp6s8" style="text-align: right" title="Advances to suppliers"> 49</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentAdvancesToSuppliers_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z5dYmu3iqfWg" style="text-align: right" title="Advances to suppliers">395</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Other assets </td> <td> </td> <td id="xdx_986_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zWUzfuMY96p8" style="text-align: right" title="Other current assets">1,127,557</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zax4f2cD23Fc" style="text-align: right" title="Other current assets"> 92,864</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zBh3VIEJeQZe" style="text-align: right" title="Other current assets">36,254</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--OtherCurrentAssets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zUqMvLRU84Aj" style="text-align: right" title="Other current assets">31,004</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zyJZKNDE89A2" style="text-align: right" title="Other current assets"> 1,182,598</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zIKs8T6IxqN6" style="text-align: right" title="Other current assets"> 83,348</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherCurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zVyF8AHG6N11" style="text-align: right" title="Other current assets"> 25,070</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherCurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_ztHAkvhj5u62" style="text-align: right" title="Other current assets"> 27,251</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Total current assets</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zmNSsUFHaRgl" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets">5,296,186</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zx9Z3nyRvKXc" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets"> 1,895,740</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zXYvdz3EcXzg" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets">52,966</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentAssets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zcxqsIv8JK76" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets">144,351</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z7ejFwOIqXZ5" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets"> 5,372,640</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zJuBhP6XdJ7g" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets"> 406,826</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zPtN7nHiP50i" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets"> 47,147</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zHYl7PWgvU3j" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets"> 109,775</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> Non-current Assets </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Other assets </td> <td> </td> <td id="xdx_98A_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_znEpLxRm6Hh4" style="text-align: right" title="Other non-current assets">1,147,003</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zuSAdYqHPZO7" style="text-align: right" title="Other non-current assets"> 88,455</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zfbyKkP3UlYb" style="text-align: right" title="Other non-current assets"> 259</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherNoncurrentAssets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z5U0nbkGwRlj" style="text-align: right" title="Other non-current assets">9,478</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zjgO3zpeQK43" style="text-align: right" title="Other non-current assets">448,946</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zaiWQEvrBHed" style="text-align: right" title="Other non-current assets"> 143,562</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_ztznsLlBRPbk" style="text-align: right" title="Other non-current assets">142</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z6jxywalgEFd" style="text-align: right" title="Other non-current assets"> 10,144</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Investments, PP&amp;E and intangible assets</td> <td> </td> <td id="xdx_987_ecustom--InvestmentsPpeAndIntangibleAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zZo6vnlLzxW7" style="text-align: right" title="Investments, PP&amp;E and intangible assets">18,259,793</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--InvestmentsPpeAndIntangibleAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zlgQ5GNeHE01" style="text-align: right" title="Investments, PP&amp;E and intangible assets"> 15,142,520</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--InvestmentsPpeAndIntangibleAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_z0oVN49NEoPh" style="text-align: right" title="Investments, PP&amp;E and intangible assets">79,683</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--InvestmentsPpeAndIntangibleAssets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zi1P8h6I2GDi" style="text-align: right" title="Investments, PP&amp;E and intangible assets">233,519</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--InvestmentsPpeAndIntangibleAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zP8Nw89CxlD6" style="text-align: right" title="Other non-current assets"> 14,791,500</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--InvestmentsPpeAndIntangibleAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zbdDMuKjngP1" style="text-align: right" title="Investments, PP&amp;E and intangible assets"> 13,193,728</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--InvestmentsPpeAndIntangibleAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_z8GsngmjkC7b" style="text-align: right" title="Investments, PP&amp;E and intangible assets"> 75,782</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--InvestmentsPpeAndIntangibleAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zqDv0UZrJPPb" style="text-align: right" title="Investments, PP&amp;E and intangible assets"> 263,998</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Total non-current assets</td> <td style="font-weight: bold"> </td> <td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z1jwfkGRXzC8" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets">19,406,796</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zrkRWvAXzXHg" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets"> 15,230,975</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zZ3jbbmqloIh" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets">79,942</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--NoncurrentAssets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zpXlFBNHQrLe" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets">242,997</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_znrmAwXORRyf" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets"> 15,240,446</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zZBqQytpkA8j" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets"> 13,337,290</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--NoncurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_z7ahRQXvl1rc" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets"> 75,924</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--NoncurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zRYpUfb3hSp3" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets"> 274,142</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left">Total Assets</td> <td> </td> <td id="xdx_98A_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zOBCcuLFSjdc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets">24,702,982</td> <td style="font-weight: bold"> </td> <td id="xdx_984_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zCBk9IbDq8wl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 17,126,715</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zEeOnIt9sWz1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 132,908</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Assets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z31P9xSnowH7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets">387,348</td> <td style="font-weight: bold"> </td> <td id="xdx_980_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zwjRuUFPJPX7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 20,613,086</td> <td style="font-weight: bold"> </td> <td id="xdx_984_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zI9oTVsC7T96" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 13,744,116</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Assets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zbHdfk8QSSSc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 123,071</td> <td style="font-weight: bold"> </td> <td id="xdx_983_eifrs-full--Assets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_ziH9EliGUk6e" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 383,917</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Current Liabilities </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Borrowings and financing </td> <td> </td> <td id="xdx_98F_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zEh7AaXzdbQ2" style="text-align: right" title="Borrowings and financing, current">1,013,759</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zmozFihJM5mf" style="text-align: right" title="Borrowings and financing, current"> 65,418</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zilBXSmdYodc" style="text-align: right" title="Borrowings and financing, current">14,266</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zrJXaxJ4h6t8" style="text-align: right" title="Borrowings and financing, current">547,803</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zbUBgRazkJ2" style="text-align: right" title="Borrowings and financing, current"> 36,181</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zrJofWHUocMa" style="text-align: right" title="Borrowings and financing, current"> 19,009</td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Lease liabilities</td> <td> </td> <td id="xdx_989_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z8tSzsMqT2F1" style="text-align: right" title="Lease liabilities, current"> 491,501</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zFq6OLB4pd7b" style="text-align: right" title="Lease liabilities"> 337</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zs0iiSHubGTg" style="text-align: right" title="Lease liabilities">738,978</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zRl4RjYVpXi" style="text-align: right" title="Lease liabilities, current">288</td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Other liabilities</td> <td> </td> <td id="xdx_980_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zwLqS42uZJn7" style="text-align: right" title="Other current liabilities">1,710,146</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_ziC4RPgLIp9" style="text-align: right" title="Other current liabilities"> 176,437</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zAdTUFIr6g1i" style="text-align: right" title="Other current liabilities">19,979</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherCurrentLiabilities_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zub4airn1B9h" style="text-align: right" title="Other current liabilities">15,074</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z5pjZvAro0I5" style="text-align: right" title="Other current liabilities"> 2,103,399</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zqUv5zRoQQ7b" style="text-align: right" title="Other current liabilities"> 128,528</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherCurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zAgpqbXLl4S6" style="text-align: right" title="Other current liabilities"> 16,642</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zv2saltatVil" style="text-align: right" title="Other current liabilities"> 15,664</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Total current liabilities</td> <td style="font-weight: bold"> </td> <td id="xdx_98A_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zel58LTqRKu" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities">3,215,406</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_z1sTq7uswcU9" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities"> 241,855</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zi9URBXRhTta" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities">34,582</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentLiabilities_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zIO5a2INZEzl" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities">15,074</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z3DV862VzgWi" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities"> 3,390,180</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zXE0n8fsNpI2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities"> 164,709</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zCfkSFrJJ00k" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities"> 35,939</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z1pKkJHljhrd" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities"> 15,664</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> Non-current Liabilities </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Borrowings and financing</td> <td> </td> <td id="xdx_98F_eifrs-full--LongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zJ504mVPMRhj" style="text-align: right" title="Borrowings and financing, non current">8,572,213</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--LongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zOB5vry7kJL3" style="text-align: right" title="Borrowings and financing"> 6,877,310</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--LongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zVsC1eWesFHb" style="text-align: right" title="Borrowings and financing">16,447</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> </td> <td id="xdx_988_eifrs-full--LongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zpxOI87Ltmq" style="text-align: right" title="Borrowings and financing"> 7,524,173</td> <td> </td> <td id="xdx_987_eifrs-full--LongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_z1mSdN82dZd1" style="text-align: right" title="Borrowings and financing"> 7,943,354</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--LongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zcPMETLQpwK1" style="text-align: right" title="Borrowings and financing, non current"> 21,074</td> <td> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Lease liabilities</td> <td> </td> <td id="xdx_986_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z4pnIzi9glA" style="text-align: right" title="Lease liabilities, non current">2,500,878</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zjwmuQxFD1Q1" style="text-align: right" title="Lease liabilities"> 333</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> </td> <td id="xdx_98C_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zM4e1IuA6BE3" style="text-align: right" title="Lease liabilities"> 1,158,058</td> <td> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zMQLl1pBhI5c" style="text-align: right" title="Lease liabilities, non current">213</td> <td> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Other liabilities</td> <td> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zxav7vpzK5W3" style="text-align: right" title="Other non-current liabilities">1,393,766</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zlP0Lpw824ti" style="text-align: right" title="Other non-current liabilities"> 1,402,711</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zB125tcbbeDa" style="border-bottom: Black 0.5pt solid; text-align: right" title="Other non-current liabilities">3,438</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherNoncurrentLiabilities_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zzqX0Fm4np0l" style="text-align: right" title="Other non-current liabilities">5,429</td> <td> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z4dzepAkdIAb" style="text-align: right" title="Other non-current liabilities"> 1,074,757</td> <td> </td> <td id="xdx_989_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_z23AeWekA1n4" style="text-align: right" title="Other non-current liabilities"> 3,268,493</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_z7IyNzzdC2Ne" style="text-align: right" title="Other non-current liabilities"> 2,379</td> <td> </td> <td id="xdx_986_eifrs-full--OtherNoncurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zAN6mkgT4V71" style="text-align: right" title="Other non-current liabilities"> 4,457</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Total non-current liabilities</td> <td style="font-weight: bold"> </td> <td id="xdx_98D_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zDEl0I4oM4Ud" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities">12,466,857</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zvQBaiNWOhB1" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities"> 8,280,021</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_z0OO0EinNEz7" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities">20,218</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--NoncurrentLiabilities_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z2pKOGSmEK0b" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities">5,429</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zlMuPkFV52t" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities"> 9,756,988</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zBmrSx2e7Vw6" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities"> 11,211,847</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--NoncurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zXmgD5wX7gD1" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities"> 23,666</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zzVeHjBxIge8" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities"> 4,457</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Shareholders’ equity</td> <td style="font-weight: bold"> </td> <td id="xdx_98C_eifrs-full--Equity_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zljQkTlXUwJj" style="font-weight: bold; text-align: right" title="Shareholders' equity">9,020,719</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Equity_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zI63ncMswlJ8" style="font-weight: bold; text-align: right" title="Shareholders' equity"> 8,604,839</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Equity_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_z6EBytumzWz8" style="font-weight: bold; text-align: right" title="Shareholders' equity">78,108</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Equity_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_znIm7UAc0UYh" style="font-weight: bold; text-align: right" title="Shareholders' equity">366,845</td> <td style="font-weight: bold"> </td> <td id="xdx_982_eifrs-full--Equity_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zcoiKTqT92Lf" style="font-weight: bold; text-align: right" title="Shareholders' equity"> 7,465,918</td> <td style="font-weight: bold"> </td> <td id="xdx_98F_eifrs-full--Equity_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_ztg7pfYCQ61b" style="font-weight: bold; text-align: right" title="Shareholders' equity"> 2,367,560</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Equity_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zTBCvRBuCkel" style="font-weight: bold; text-align: right" title="Shareholders' equity"> 63,466</td> <td style="font-weight: bold"> </td> <td id="xdx_986_eifrs-full--Equity_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z0Rnw4dt9tV8" style="font-weight: bold; text-align: right" title="Shareholders' equity"> 363,796</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Total liabilities and shareholders’<br/> equity</td> <td> </td> <td id="xdx_984_eifrs-full--EquityAndLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zASnlfT3HW1j" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity">24,702,982</td> <td> </td> <td id="xdx_988_eifrs-full--EquityAndLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zl1Abfigo8C8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 17,126,715</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--EquityAndLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zm3jWhJBpWH9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 132,908</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--EquityAndLiabilities_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zAjuOlz0K9c9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity">387,348</td> <td> </td> <td id="xdx_98D_eifrs-full--EquityAndLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zgo1ov1fL3el" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 20,613,086</td> <td> </td> <td id="xdx_985_eifrs-full--EquityAndLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_z5AEqTl4a1l4" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 13,744,116</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--EquityAndLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zZIkZgwFYFi8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 123,071</td> <td> </td> <td id="xdx_983_eifrs-full--EquityAndLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_znN30agzq9Ke" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 383,917</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: bottom"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left"> </td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_49F_20250101__20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zh5F9EaCDzOi" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_493_20250101__20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zMZhe3o4nUh9" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_49E_20250101__20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zEEbjrYE8hai" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_49D_20250101__20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zDzjVs3F3NCk" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_499_20240101__20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zXlFFFiOIycj" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_49B_20240101__20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zLh5wvKA07v8" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_494_20240101__20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zv9PRlLfQ8df" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_49F_20240101__20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zfEvn6UhKsWi" style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 26%"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 7%"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 8%">01/01/2025 to 12/31/2025</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 7%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 8%">01/01/2024 to 12/31/2024</td></tr> <tr> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">Joint-Venture</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Joint-Operation</td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">Joint-Venture</td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">Joint-Operation</td></tr> <tr> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Equity interest (%)</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">MRS Logística</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Transnordestina Logística</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Equibras S.A.</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Itá Energética</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">MRS Logística</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Transnordestina Logística</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Equimac S.A.</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Itá Energética</td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">37.49%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">33.89%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">50.00%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.75%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">37.49%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.03%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">50.00%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.75%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Statements of Income</td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr id="xdx_402_eifrs-full--Revenue_z4t2sdVS2DH3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left">Net revenue</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right">7,585,058</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 88,071</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">204,261</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 7,028,472</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 84,049</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">187,622</td></tr> <tr id="xdx_405_eifrs-full--CostOfSales_iN_di_zzqVeTWZrVp3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left">Cost of sales and services</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> (4,038,800)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(48,400)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> (115,256)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(3,909,609)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(45,317)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> (121,034)</td></tr> <tr id="xdx_402_eifrs-full--GrossProfit_znXYxRYy8xn6" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Gross profit</td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right">3,546,258</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 39,671</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 89,005</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 3,118,863</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 38,732</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 66,588</td></tr> <tr id="xdx_400_ecustom--OperatingExpensesIncome_pn3n3_zkHKwRuYPXue" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left">Operating (expenses) income </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(812,324)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(72,709)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(6,167)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(72,369)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 89,237</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(34,704)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(7,433)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(66,437)</td></tr> <tr id="xdx_40B_ecustom--FinancialIncomeExpensesNet_zxj2eCk955f7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left">Financial income (expenses), net</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(584,004)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> 33,047</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(4,334)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> 9,149</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(1,160,359)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(14,421)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(3,308)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> 14,076</td></tr> <tr id="xdx_40F_eifrs-full--ProfitLossBeforeTax_pn3n3_zSYglD82sDBc" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold; font-family: Arial, sans-serif">Profit/(Loss) before IR/CSLL</td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right">2,149,930</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(39,662)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 29,170</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 25,785</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 2,047,741</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(49,125)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 27,991</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 14,227</td></tr> <tr id="xdx_403_ecustom--CurrentAndDeferredIncomeTaxAndSocialContribution_pn3n3_zqIzrXsWYw08" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left">Current and deferred IR/CSLL</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(594,868)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(8,984)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(5,644)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> (632,231)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(8,398)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(7,909)</td></tr> <tr id="xdx_405_eifrs-full--ProfitLossFromContinuingOperations_zVWara4bmlpf" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold; font-family: Arial, sans-serif">Profit / (loss) for the period</td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right">1,555,062</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(39,662)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 20,186</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 20,141</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 1,415,510</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right">(49,125)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 19,593</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 6,318</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">CSN holds a direct and indirect participation of 7.59% and 29.91%, respectively, through CSN Mineração as part of the total stake in MRS’ share capital mentioned above. A total of 28.23% was attributed to the CSN Group after participation of non-controlling shareholders was considered.</td></tr> </table> <p id="xdx_8A4_zzWhA7nBzID6" style="font: 10pt/115% Helvetica light,serif; margin: 0"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">ITÁ ENERGÉTICA S.A. - (“ITASA”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">ITASA is a corporation established in July 1996, whose objective is to operate, under concession, the Itá Hydroelectric Power Plant - UHE Itá ("UHE Itá"), with 1,450 MW of installed capacity, located on the Uruguay River, at the border of Santa Catarina and Rio Grande do Sul states. The Itá HPP concession is shared with ENGIE Brasil Energia S.A., and CSN's stake in ITASA is 48.75%.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">MRS LOGÍSTICA S.A. (“MRS”)</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Located in Rio de Janeiro-RJ, the company aims to explore, through onerous concession, the public cargo railway transportation service in the right-of-way of the Southeast Network, located in the Rio de Janeiro, São Paulo, and Minas Gerais axis, from the defunct Rede Ferroviária Federal S.A. - RFFSA. The original concession term of 30 years counted from December 1, 1996, was extended by the granting authority in July 2022 for an additional 30 years counted from December 1, 2026.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">MRS can also explore modal transport services related to rail transport and participate in projects aimed at expanding the granted railway services.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">For the provision of services, MRS leased from RFFSA, for the same period of the concession, the assets necessary for the operation and maintenance of rail freight transport activities. At the end of the concession, all leased assets will be transferred to the possession of the railway transport operator designated in that same act.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">CONSÓRCIO DA USINA HIDRELÉTRICA DE IGARAPAVA</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Igarapava Hydroelectric Power Plant is located in Rio Grande, in the city of Conquista - MG, and has an installed capacity of 210 MW, consisting of 5 Bulb-type generating units.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN holds <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsorcioDaUsinaHidreletricaDeIgarapavaMember_zjHZlzG0R3td" title="Interest in subsidiary">17.92%</span> of the investment in the Consortium whose purpose is the production of electric energy for the own consumption of the consortium members, according to the percentage of participation of each company.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">CONSÓRCIO DA USINA HIDRELÉTRICA DE ITAÚBA</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Itaúba Hydroelectric Power Plant is located on the Jacuí river, in the municipality of Pinhal Grande, state of Rio Grande do Sul, and is composed of 4 Generating Units, with installed power of 500,400.00 KW.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN has a direct participation of <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsorcioDaUsinaHidreletricaDeItaubaMember__ifrs-full--TypesOfInterestRatesAxis__custom--DirectInterestMember_zAtWeRu3ZXef" title="Interest in subsidiary">39.03</span>% and indirectly through its subsidiaries of an additional <span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsorcioDaUsinaHidreletricaDeItaubaMember__ifrs-full--TypesOfInterestRatesAxis__custom--IndirectInterestMember_zt6BzKqpt2m5" title="Interest in subsidiary">60.96</span>%, totaling a participation of <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsorcioDaUsinaHidreletricaDeItaubaMember_zN93sZoIWuqk" title="Interest in subsidiary">99.99</span>%.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif">CONSÓRCIO DA USINA HIDRELÉTRICA DE PASSO REAL</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Passo Real Hydroelectric Power Plant is located on the Jacuí river, in the municipality of Salto do Jacuí, state of Rio Grande do Sul, and is composed of 2 Generating Units, with installed power of 158,000.00 KW.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin-top: 0; margin-bottom: 0; text-align: center">CSN has a direct participation of <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsorcioDaUsinaHidreletricaDePassoRealMember__ifrs-full--TypesOfInterestRatesAxis__custom--DirectInterestMember_z1qHBYzf0vSg" title="Interest in subsidiary">56.40</span>% and indirectly through its subsidiaries of an additional <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsorcioDaUsinaHidreletricaDePassoRealMember__ifrs-full--TypesOfInterestRatesAxis__custom--IndirectInterestMember_zKeBgdN5LL1g" title="Interest in subsidiary">40.15</span>%, totaling a participation of <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsorcioDaUsinaHidreletricaDePassoRealMember_z1X8tc8yclkb" title="Interest in subsidiary">96.55</span>%.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>10.e)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>TRANSNORDESTINA LOGÍSTICA S.A. (“TLSA”)</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Its main objective is to explore and develop public cargo railway transportation services in the northeastern Brazil, comprising the sections from Missão Velha - Salgueiro, Salgueiro - Trindade, Trindade - Eliseu Martins, Salgueiro - Suape Port and Missão Velha - Pecém Port ("Malha II" – Railway Network number II). On December 23, 2022, following extensive negotiations involving ANTT, TCU, and the Ministry of Infrastructure at that time, the first amendment to the Concession Contract was signed. This amendment redefined the scope and completion deadlines for TLSA's railway sections, notably providing for the return of the Salgueiro-Porto de Suape section, resulting in a project with the current 1,206 km of railway network and a completion deadline of December 2029.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Management relies on resources from its shareholders and third parties to complete the project, which it expects to be available based on agreements and recent discussions between the parties involved. The amendment signed in 2024 with “Fundo de Desenvolvimento do Nordeste – FDNE” (Northeast Development Fund) for an operation of R$3.6 billion in convertible debentures has made the resources for completing the project practically fully secured. After evaluating this matter, Management has concluded that the going concern basis of accounting is appropriate in the preparation of the project’s financial statements.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Equity Method of Accounting and Consolidation</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The equity method of accounting for subsidiaries, joint ventures and associates is applied. Other investments are held at fair value or cost.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Subsidiaries: </b>They are entities in which the Company has significant influence over its financial and operating policies and/or potential exercise or convertible voting rights. Subsidiaries are fully consolidated from the date on which control is transferred to the Company and cease to be consolidated on the date on which control ceases.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Joint-ventures and Joint-operations: </b>are all entities in which the Company has jointly contractually controlled control with one or more parties and can be classified as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Joint-operations:</span> are accounted for in the financial statements to represent the Company's contractual rights and obligations.</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Joint-ventures:</span> are accounted for under the equity method and are not consolidated.</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Affiliates:</b> Are all entities over which the Company has significant influence but not control, generally through a shareholding of 20% to 50% of the voting rights. Investments in affiliates are initially recognized at cost and subsequently measured using the equity method.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Consortiums: </b>Electricity consortiums are a form of collective electricity purchasing that allows groups of consumers to join to negotiate better supply conditions. In the Group, the Company and its subsidiaries CEEE-G, CSN Mineração, Cimentos Brasil, Elizabeth Cimentos, Minérios Nacional, Prada, Estanho de Rondônia and Metalgráfica Iguaçu participate in the listed consortiums. The profit or loss arising from consortium operations is recognized in the consortium companies according to the participation percentage.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Transactions between Subsidiaries, Affiliates, Joint-Ventures and Joint-operations </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Unrealized balances and gains on transactions with subsidiaries, joint-ventures and affiliates are eliminated proportionally to CSN’s interest in the entity in question in the consolidation process. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment. The effects on the results of transactions with joint-ventures are also eliminated, where part of the equity in results of joint-ventures is reclassified to financial expenses, cost of products sold and income tax and social contribution.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The subsidiaries and joint-ventures have the same reporting date and accounting policies as those adopted by the Company.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Foreign Currency Transactions and Balances</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The transactions in foreign currencies are translated into the functional currency using the exchange rates in effect at the dates of the transactions or valuations when their values are remeasured. Foreign exchange gains and losses resulting from the settlement of those transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the income statement as financial result, except when they are recognized in shareholders' equity as a result of foreign operation characterized as foreign investment. Advances made in foreign currencies are recorded at the exchange rate of the date the entity makes the advance payments or receipts, recognizes (transaction date) as a non-monetary asset or non-monetary liability.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>10.f)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Investment Properties</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The balance of investment properties is shown below:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfInvestmentPropertiesTableTextBlock_pn3n3_zgxjmQmP57C2" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 8)"> <tr> <td style="padding-left: 15px; vertical-align: middle; text-align: left"><span id="xdx_8B6_zJK41NKeHva1" style="display: none">Schedule of investment properties</span></td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4BB_ifrs-full--ProductsAndServicesAxis_ifrs-full--LandMember_zktcJi5dEa29" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B1_ifrs-full--ProductsAndServicesAxis_ifrs-full--BuildingsMember_zlaH3m5XNpM1" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4BD_zxQuC4r3ySzl" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 56%"> </td> <td style="width: 1%"> </td> <td style="width: 4%"> </td> <td style="width: 1%"> </td> <td style="width: 12%"> </td> <td style="width: 1%"> </td> <td style="width: 12%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 12%">Consolidated</td></tr> <tr style="background-color: white"> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Land</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Buildings </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr id="xdx_437_c20230101__20231231_eifrs-full--InvestmentProperty_iS_z2L6iZULX1m1" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98D_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--LandMember_zfqaSQmRB4P3" style="border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Investment Property, beginng balance"> 156,811</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zEQRj2Eh8JRj" style="border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Investment Property, beginng balance"> 49,143</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231_zse5fNyzUmPk" style="border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Investment Property, beginng balance"> 205,954</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--InvestmentPropertyGross_pn3n3_c20230101__20231231__ifrs-full--ProductsAndServicesAxis__ifrs-full--LandMember_zQnMCTNGcxA6" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 156,811</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_ecustom--InvestmentPropertyGross_pn3n3_c20230101__20231231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zJS6BUP5D8h4" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 82,737</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--InvestmentPropertyGross_pn3n3_c20230101__20231231_zpzXNlq7P5rl" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 239,548</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20230101__20231231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zkAMMj62aM8i" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(33,594)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20230101__20231231_zsk3p9byXwja" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(33,594)</td></tr> <tr id="xdx_435_c20230101__20231231_eifrs-full--InvestmentProperty_iS_zAtcaYZkkRMc" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98E_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--LandMember_zTvXKKUU5MJd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: middle; text-align: right" title="Investment Property, beginng balance"> 156,811</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_98A_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_z4zV3ZlhorId" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Investment Property, beginng balance"> 49,143</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98B_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231_z8Le4JlCS8Bj" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Investment Property, beginng balance"> 205,954</td></tr> <tr id="xdx_408_eifrs-full--DepreciationInvestmentProperty_iN_di_zBn5uq80tOgc" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Depreciation </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> (3,961)</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> (3,961)</td></tr> <tr id="xdx_407_ecustom--TransferBetweenGroupsFixedAssetsAndInvestmentProperty_zSwxOhIfMpH1" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Transfer between groups - Fixed Assets and Investment Property</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> 726</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> 726</td></tr> <tr id="xdx_40E_ecustom--WriteoffOfInvestmentProperties_zRmmI2ti9hHc" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Write-off</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right">(679)</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right">(679)</td></tr> <tr id="xdx_432_c20250101__20251231_eifrs-full--InvestmentProperty_iS_zkvSfx5gyyoj" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 156,858</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 45,182</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 202,040</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--InvestmentPropertyGross_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--LandMember_zs4i5WzhsIIe" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 156,858</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--InvestmentPropertyGross_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zbTj9LPRh9u9" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 83,285</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--InvestmentPropertyGross_pn3n3_c20240101__20241231_zH8SpLJ5NGC7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 240,143</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zrJRF3Nnd3G7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(38,103)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20240101__20241231_zurXr1yXQSF8" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(38,103)</td></tr> <tr id="xdx_43A_c20250101__20251231_eifrs-full--InvestmentProperty_iS_zKmjUlf3N3e3" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 156,858</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 45,182</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 202,040</td></tr> <tr id="xdx_400_eifrs-full--AcquisitionsThroughBusinessCombinationsInvestmentProperty_zmwWtsBVaEFa" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Acquisitions</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> 21,401</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> 21,401</td></tr> <tr id="xdx_408_eifrs-full--DepreciationInvestmentProperty_iN_di_z85ZV7hs7V0b" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Depreciation </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">28</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> (3,916)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> (3,916)</td></tr> <tr id="xdx_435_c20250101__20251231_eifrs-full--InvestmentProperty_iE_zhxO7W5Jqug6" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 178,259</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 41,266</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 219,525</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--InvestmentPropertyGross_pn3n3_c20250101__20251231__ifrs-full--ProductsAndServicesAxis__ifrs-full--LandMember_zRwFewwpzbw5" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Cost"> 178,259</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_980_ecustom--InvestmentPropertyGross_pn3n3_c20250101__20251231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zPvnhUynPsW3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Cost"> 83,285</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--InvestmentPropertyGross_pn3n3_c20250101__20251231_zYn0otD2mTOk" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Cost"> 261,544</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated Depreciation </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20250101__20251231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zuTRsG53fwJ" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(42,019)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20250101__20251231_zDpQFLUM4hT" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(42,019)</td></tr> <tr id="xdx_439_c20250101__20251231_eifrs-full--InvestmentProperty_iE_zSgrXbrIIZp4" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 178,259</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 41,266</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 219,525</td></tr> </table> <p id="xdx_8A2_zEsqI7pnIBie" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company Management's estimate of the fair value of investment properties was carried out for December 31, 2025. The fair value of investment property at the consolidated as of December 31, 2025 totaled R$<span id="xdx_900_eifrs-full--InvestmentProperty_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--InvestmentPropertyMember_zZFYVJOkZ9c" title="Investment property">3,818,752</span> (R$<span id="xdx_90F_eifrs-full--InvestmentProperty_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--InvestmentPropertyMember_zuQSymkPPmH1" title="Investment property">2,431,581</span> as of December 31, 2024).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The estimated average useful lives for the exercises are as follows (in years):</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfAverageEstimatedUsefulLlifeTableTextBlock_pn3n3_zJ8VTTTHKPUh" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 9)"> <tr style="vertical-align: middle"> <td style="font-weight: bold"><span id="xdx_8BD_zDG1Ts3Z7dQe" style="display: none">Schedule of average estimated useful lives</span></td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 55%"> </td> <td style="font-weight: bold; width: 22%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 22%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Buildings</td> <td style="text-align: right"><span id="xdx_90A_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--TypesOfInvestmentPropertyAxis__ifrs-full--BuildingsMember_zwUc1JaTfTce" title="Average estimated useful lives">28</span></td> <td> </td> <td style="text-align: right"><span id="xdx_902_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20240101__20241231__ifrs-full--TypesOfInvestmentPropertyAxis__ifrs-full--BuildingsMember_zcV2Iz1EOkYe" title="Average estimated useful lives">28</span></td></tr> </table> <p id="xdx_8A8_zRiiWGCTnzq4" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company’s investment properties consist of land and buildings maintained to earn rental income and capital appreciation. The measurement method used is the acquisition or construction cost less accumulated depreciation and reduction to its recoverable value, when applicable. The accumulated depreciation of buildings is calculated using the straight-line method based on the estimated useful life of the properties subject to depreciation. Land is not depreciated since it has an indefinite useful life.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfConsolidatedEntitiesInformationTableTextBlock_zOURMFNmbfXd" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details)"> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: left"><span id="xdx_8B0_zcVJfrW5HNQ5" style="display: none">Schedule of consolidated entities information</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; width: 38%">Companies</td> <td style="font-weight: bold; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 6%">12/31/2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; width: 45%">Core business</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Direct interest in subsidiaries: full consolidation</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">CSN Islands VII Corp.</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsVIICorpMember_zGR3woJj0NC" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsVIICorpMember_zegMCETomWd9" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90F_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsVIICorpMember_zYCsEDcPStR6" title="Core business">Financial transactions</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">CSN Inova Ventures</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaVenturesMember_zeg5z9nPyl31" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaVenturesMember_z5br2FiPdTrj" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaVenturesMember_zFaqrgYuQml7" title="Core business">Equity interests and financial transactions</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">CSN Islands XII Corp.</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsXIICorpMember_zmNezxCVfvbd" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsXIICorpMember_zIvZz7pTErD7" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIslandsXIICorpMember_zR7aLW9BbdXl" title="Core business">Financial transactions</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Steel S.L.U.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSLUMember_zQ0L9pyl8amk" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSLUMember_z0BGEQrJXDFa" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSLUMember_z2bPDy5xkKA4" title="Core business">Equity interests and financial transactions</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>TdBB S.A <span style="font: normal 400 8pt Helvetica light">^(*)</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TdBBSAMember_zrOVKOo0kei" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TdBBSAMember_zyfHLFPHgqHg" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td><span id="xdx_90B_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TdBBSAMember_zpwXvZV0cSYf" title="Core business"> Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Sepetiba Tecon S.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SepetibaTeconS.A.Member_zYfIpwI2icX2" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SepetibaTeconS.A.Member_zEsqNlCEOam6" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SepetibaTeconS.A.Member_zPQFdL9qmml2" title="Core business">Port services</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Minérios NacionalS.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MineriosNacionalSAMember_zKwc2UZwvFyj" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MineriosNacionalSAMember_z0YCSFLjAGJg" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90B_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MineriosNacionalSAMember_zL6j4Gf077o5" title="Core business">Mining and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Companhia Florestal do Brasil</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaFlorestaldoBrasilMember_zjWzdPWRERWe" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaFlorestaldoBrasilMember_zwwWgvrxL43d" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaFlorestaldoBrasilMember_zZiG9TVREIB7" title="Core business">Reforestation</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Estanho de Rondônia S.A.</td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EstanhoDeRondoniaSAMember_z0FRuCmjovr2" title="Equity interests">99.99</span> </td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EstanhoDeRondoniaSAMember_zGtirBFGIl9" title="Equity interests">99.99</span> </td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EstanhoDeRondoniaSAMember_zRn9M60HB0Bc" title="Core business">Tin Mining</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Companhia Metalúrgica Prada </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaMetalurgicaPradaMember_zFuVwykWLg" title="Equity interests">99.89</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaMetalurgicaPradaMember_zBmponjMsPs7" title="Equity interests">99.89</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaMetalurgicaPradaMember_zQJpN1Kf6lEf" title="Core business">Manufacture of containers and distribution of steel products</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">CSN Mineração S.A.</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoSAMember_zFSaK6YXu5Ol" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoSAMember_zJjpxEb4ao7l" title="Equity interests">69.01</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_903_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMineracaoSAMember_zewXuuGB6n98" title="Core business">Mining</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Energia S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNEnergiaSAMember_zoc2f0PVTqB8" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNEnergiaSAMember_zZtEeSGOrf9" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNEnergiaSAMember_zi84StSaHS21" title="Core business">Sale of electric power</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>FTL - Ferrovia Transnordestina Logística S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FTLFerroviaTransnordestinaLogisticaSAMember_zWLikOuH2Cej" title="Equity interests">92.71</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FTLFerroviaTransnordestinaLogisticaSAMember_zt78XJ7ZvM49" title="Equity interests">92.71</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FTLFerroviaTransnordestinaLogisticaSAMember_zhbskk5UoKmf" title="Core business">Railroad logistics</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Nordeste Logística S.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--NordesteLogisticaSAMember_zJX3NuD1nvX8" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--NordesteLogisticaSAMember_zLPlaS4xzS0l" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--NordesteLogisticaSAMember_z346vkOKtKCj" title="Core business">Port services</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify">CSN Inova Ltd. </td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaLtdMember_zCqYVHYdJNye" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaLtdMember_zRA2HuJevr6h" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_908_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaLtdMember_zZiGgYJMXks8" title="Core business">Advisory and implementation of new development project</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CBSI - Companhia Brasileira de Serviços de Infraestrutura</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CBSICompanhiaBrasileiraDeServicosDeInfraestruturaMember_zTgKK05xP9Ec" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CBSICompanhiaBrasileiraDeServicosDeInfraestruturaMember_zZDDdG9zHOTf" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CBSICompanhiaBrasileiraDeServicosDeInfraestruturaMember_zFewSEusp7df" title="Core business">Equity interests and product sales and iron ore</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN Cimentos Brasil S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCimentosBrasilSAMember_zJXBBb3dq7p9" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCimentosBrasilSAMember_zRg7hQnOGBQ4" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCimentosBrasilSAMember_z3IWG1Am7KM4" title="Core business">Cement manufacturing</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Berkeley Participações e Empreendimentos S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BerkeleyParticipacoesEEmpreendimentosSAMember_zkkU67ZkPRgf" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BerkeleyParticipacoesEEmpreendimentosSAMember_zZZhQHvKXuT9" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BerkeleyParticipacoesEEmpreendimentosSAMember_zjHdQX7nJOi4" title="Core business">Electric power generation and equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN Inova Soluções S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaSolucoesSAMember_zyV04ZTG9we6" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaSolucoesSAMember_z5WnWIoL9qF9" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInovaSolucoesSAMember_z6Hca518JBb5" title="Core business">Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Participações I S.A</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIS.AMember_z97cxGpUYVGi" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIS.AMember_zxV8GzSZcO53" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIS.AMember_zFCs9I2HKMt6" title="Core business">Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN Participações III S.A</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIIIS.AMember_zIWa8ZRhaow6" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIIIS.AMember_zATZmS75yxV5" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td><span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIIIS.AMember_zLdCErXZusNf" title="Core business"> Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Participações IV S.A</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIVS.AMember_zIwe971Ic8Ag" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIVS.AMember_zqpaFH4OYLEi" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesIVS.AMember_zB7dd4V6AtDf" title="Core business">Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN Participações V S.A</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesVS.A.Member_zJne2ij0ZAqb" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesVS.A.Member_zZqgxCISk1N3" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td><span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNParticipacoesVS.A.Member_zZ3OMsL5U975" title="Core business"> Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Incorporação e Participações Ltda.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIncorporacaoEParticipacoesLtdaMember_zEBGmTtRvhLh" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIncorporacaoEParticipacoesLtdaMember_zFbcMpe8HVRl" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNIncorporacaoEParticipacoesLtdaMember_zTX5koV3RED6" title="Core business">Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Estrela Comércio e Participações S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EstrelaComercioeParticipacoesS.A.Member_z6LnfbfPrpoe" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EstrelaComercioeParticipacoesS.A.Member_zBXDc0eNFjHl" title="Core business">Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Circula Mais Serviços de Intermediação Comercial S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicosDeIntermediacaoComercialSAMember_zOBEHavc8w8k" title="Equity interests">0.10</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicosDeIntermediacaoComercialSAMember_zEPJF320xZuj" title="Equity interests">0.10</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicosDeIntermediacaoComercialSAMember_z1uXDuJjPa61" title="Core business">Commercial intermediation for the purchase and sale of assets and materials in general</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Indirect interest in subsidiaries: full consolidation</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Lusosider Projectos Siderúrgicos S.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderProjectosSiderurgicosSAMember_z4R1gW1f2yj5" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderProjectosSiderurgicosSAMember_zHYnoLYHTxvh" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderProjectosSiderurgicosSAMember_zQ20Lysnyqb8" title="Core business">Equity interests and product sales</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Lusosider Aços Planos, S. A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderAcosPlanosSAMember_zeK6Ow0zpB9h" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderAcosPlanosSAMember_zVdINRO66rKd" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderAcosPlanosSAMember_zBGoS4iMSbN5" title="Core business">Steel and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">CSN Resources S.A.</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNResourcesSAMember_z6wDeEIKiCLg" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNResourcesSAMember_zaXQ2c1JbVv8" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNResourcesSAMember_zjlRpYwAALN4" title="Core business">Financial transactions and Equity interests</span> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Companhia Brasileira de Latas </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaBrasileiraDeLatasMember_zhm1clQcyTsd" title="Equity interests">99.89</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaBrasileiraDeLatasMember_zc5rzMBSiFYc" title="Equity interests">99.89</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaBrasileiraDeLatasMember_zSFL1f7tFIvh" title="Core business">Sale of cans and containers in general and Equity interests</span> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Companhia de Embalagens Metálicas - MMSA </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMMSAMember_zoLnTH62wTm8" title="Equity interests">99.88</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMMSAMember_zgZm0069zYe7" title="Equity interests">99.88</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMMSAMember_zG8OxnoooKC" title="Core business">Production and sale of cans and related activities</span> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Companhia de Embalagens Metálicas - MTM </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMTMMember_zOnNUUTSavh2" title="Equity interests">99.88</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMTMMember_zXioOJRZTb57" title="Equity interests">99.88</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaDeEmbalagensMetalicasMTMMember_zWxZ3K52pDY4" title="Core business">Production and sale of cans and related activities</span> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">CSN Productos Siderúrgicos S.L.</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNProductosSiderurgicosSLMember_zH6b6UD26OK4" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNProductosSiderurgicosSLMember_zF6cYgKvxiCc" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNProductosSiderurgicosSLMember_zPGyd4k17wUa" title="Core business">Financial transactions, product sales and Equity interests</span> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Stalhwerk Thüringen GmbH </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--StalhwerkThuringenGmbHMember_zDoiFQtSW5c6" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--StalhwerkThuringenGmbHMember_zkwI46tnXa6k" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--StalhwerkThuringenGmbHMember_zWaqJpVePZm3" title="Core business">Production and sale of long steel and related activities</span> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">CSN Steel Sections Polska Sp.Z.o.o </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSectionsPolskaSpZooMember_zDtHt2AfCHXj" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSectionsPolskaSpZooMember_zq1rrV5XOhr5" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_902_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNSteelSectionsPolskaSpZooMember_zDmC3yCPNGra" title="Core business">Financial transactions, product sales and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Mining Holding, S.L.U.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningHoldingSLUMember_zVVDq4HrJTw9" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningHoldingSLUMember_zBA4VMIwTQNd" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningHoldingSLUMember_zEIltCX3Epnl" title="Core business">Financial transactions, product sales and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">CSN Mining GmbH</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningGmbHMember_zixEByaDWXfl" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningGmbHMember_z3SSacLwIgHj" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningGmbHMember_z6Ek59DjL4Jb" title="Core business">Financial transactions, product sales and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">CSN Mining Asia Limited</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningAsiaLimitedMember_z9PZmD3oIka1" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningAsiaLimitedMember_zKtBOXz5Vw7l" title="Equity interests">69.01</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningAsiaLimitedMember_zHMrRvglT3di" title="Core business">Commercial representation</span> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Lusosider Ibérica S.A. </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderIbericaSAMember_zderadFOkXSa" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderIbericaSAMember_za5iJ61rnEY1" title="Equity interests">100.00</span></td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LusosiderIbericaSAMember_zIdOPwkL6Ye8" title="Core business">Steel, commercial and industrial activities and equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Companhia Siderúrgica Nacional, LLC</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaSiderurgicaNacionalLLCMember_zjgIasE2IXj3" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaSiderurgicaNacionalLLCMember_zb4yonyUssqe" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaSiderurgicaNacionalLLCMember_zSopKv4D9bj7" title="Core business">Import and distribution/resale of products</span> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Elizabeth Cimentos S.A.</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ElizabethCimentosSAMember_zMwKAmiOnPJe" title="Equity interests">99.99</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ElizabethCimentosSAMember_zrU1n5rggHLk" title="Equity interests">99.99</span></td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ElizabethCimentosSAMember_zHYuxuhVLAL1" title="Core business">Cement manufacturing</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Santa Ana Energética S.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SantaAnaEnergeticaSAMember_zC9yUkBWwx23" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SantaAnaEnergeticaSAMember_zV9bfP82D1N8" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_906_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SantaAnaEnergeticaSAMember_zvLRxM2NQRvc" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify">Topázio Energética S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TopazioEnergeticaSAMember_zLLzUMdOQBT5" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TopazioEnergeticaSAMember_zvgO29AUNlFj" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_906_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TopazioEnergeticaSAMember_zijsA9dcbUFg" title="Core business">Electric power generation</span> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Brasil Central Energia Ltda. </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BrasilCentralEnergiaLtdaMember_zUSauHivGNxd" title="Equity interests">99.99</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BrasilCentralEnergiaLtdaMember_zYZoiiwVoyd2" title="Equity interests">99.99</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> <span id="xdx_906_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--BrasilCentralEnergiaLtdaMember_zNZ1tbboC2R" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Circula Mais Serviços de Intermediação Comercial S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicoDeIntermediacaoComercialSAMember_zmRT9IApZIAd" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicoDeIntermediacaoComercialSAMember_z0NfZ69w16b1" title="Equity interests">99.90</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CirculaMaisServicoDeIntermediacaoComercialSAMember_zsGnSWjxvft1" title="Core business">Commercial intermediation for the purchase and sale of assets and materials in general</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Metalgráfica Iguaçu S.A </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MetalgraficaIguacuSAMember_zw7SQFg7unkh" title="Equity interests">99.89</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MetalgraficaIguacuSAMember_zmrUmQGTfAcj" title="Equity interests">99.89</span></td> <td style="text-align: right"> </td> <td><span id="xdx_902_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MetalgraficaIguacuSAMember_zL8KNLYZT7gc" title="Core business"> Metal packaging manufacturing</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Companhia Energética Chapecó </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaChapecoMember_zWiQ9l9CFpZg" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaChapecoMember_zNDva3T7Na4i" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaChapecoMember_zCNpMRkIRW54" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Companhia Estadual de Geração de Energia Elétrica - CEEE-G</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEstadualDeGeracaodeEnergiaEletricaCEEEGMember_zQosMq5xcmb7" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEstadualDeGeracaodeEnergiaEletricaCEEEGMember_zQzTkNiG5vcf" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEstadualDeGeracaodeEnergiaEletricaCEEEGMember_zWCKR4Qvcvp" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Ventos de Vera Cruz S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeVeraCruzSAMember_zBPt5BHJhDoe" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeVeraCruzSAMember_zi32c4bnD33i" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeVeraCruzSAMember_zVIAdozv21If" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Ventos de Curupira S.A </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeCurupiraSAMember_zsq7YglunQz7" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeCurupiraSAMember_zaWpDE8wppZf" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td><span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdeCurupiraSAMember_zsWOzVMVWBFb" title="Core business"> Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Ventos de Povo Novo S.A. </td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdePovoNovoSAMember_zLM6ooikiA85" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdePovoNovoSAMember_zBJtaScdo2Xj" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90B_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VentosdePovoNovoSAMember_zwC5kBRfSRPh" title="Core business">Electric power generation</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>MAZET Maschinenbau und Zerspanungstechnik Unterwellwnborn GmbH</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MAZETMaschinenbauZerspanungstechnikUnterwellwnbornGmbHMember_zJ7aJFyY0h7b" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MAZETMaschinenbauZerspanungstechnikUnterwellwnbornGmbHMember_zoB8gDJDMnxe" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td><span id="xdx_908_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MAZETMaschinenbauZerspanungstechnikUnterwellwnbornGmbHMember_zvIIiyjC1yui" title="Core business"> Production and sale of long steel and related activities</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN ITC Solutions AG <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNITCSolutionsAGMember_zYoVkdQLOE67" title="Equity interests">55.21</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td><span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNITCSolutionsAGMember_z7k9LE3b1pkd" title="Core business"> Financial transactions, product sales and Equity interests</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN Mining International GmbH</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningInternacionalGmbHMember_zmFUwqSjArrj" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningInternacionalGmbHMember_zEMFT68M3lZe" title="Equity interests">69.01</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90F_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNMiningInternacionalGmbHMember_zrll9x9MTGfc" title="Core business">Commercial and representation of products</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Gramperfil S.A. <span style="font: normal 400 8pt Helvetica light">⁽²⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GramperfilS.A.Member_zLsIOzE7tN14" title="Equity interests">90.00</span></td> <td style="text-align: right"> </td> <td style="color: white; text-align: right">- </td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GramperfilS.A.Member_zdcfl2hkzEP4" title="Core business">Manufacturing and sale of metal profile</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>CSN International Steel GmbH</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInternationalSteelGmbHMember_zQcTxttAKQBj" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInternationalSteelGmbHMember_zsIeS5x77SL2" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNInternationalSteelGmbHMember_zTPUjhUm6Gql" title="Core business">Commercial and representation of products</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Tora Transportes Ltda <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraTransportesLtdaMember_zqcXDPb4XVY9" title="Equity interests">70.00</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> <span id="xdx_901_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraTransportesLtdaMember_zAWSHWkYklrj" title="Core business">Road transport</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Tora Locações S.A. <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraLocacoesS.A.Member_zSgfBBDJFtPi" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_903_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraLocacoesS.A.Member_zK2O1i11QZVf" title="Core business">Road transport and automobile rental</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>FJX Transportes S.A. <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FJXTransportesS.AMember_zGfjgADnaV5f" title="Equity interests">42.00</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td><span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FJXTransportesS.AMember_zS6Dsm1FC9D1" title="Core business"> Road transport and logistic</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>N. Minas Transportes e Locações Ltda. <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--N.MinasTransporteseLocacoesLtdaMember_ztvMezBFe6F9" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td><span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--N.MinasTransporteseLocacoesLtdaMember_zzmcmzyWJPda" title="Core business"> Road transport and logistic</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Saratoga Transportes Ltda <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SaratogaTransportesLtdaMember_zXRzGh4eliZd" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SaratogaTransportesLtdaMember_zL7mVlDfvaV5" title="Core business">Road transport</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Lokamig Rent a Car S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LokamigRentaCarS.AMember_zBQ09sYXsxe4" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--LokamigRentaCarS.AMember_zl3aYpdAVoTk" title="Core business">Automobile rental</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Seminovos Lokamig Ltda. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SeminovosLokamigLtdaMember_zRuqwxhMoqtb" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_908_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--SeminovosLokamigLtdaMember_zQanlLHkjwJ3" title="Core business">Automobile rental</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Tora Logística Armazéns e Terminais Multimodais S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraLogisticaArmazenseTerminaisMultimodaisS.AMember_z2TYpmimoB61" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90D_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraLogisticaArmazenseTerminaisMultimodaisS.AMember_ziidH4xnw2W7" title="Core business">Logistics</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Tora Recintos Alfandegários S.A. <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraRecintosAlfandegariosS.A.Member_zoDOMcOaqa7i" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_908_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraRecintosAlfandegariosS.A.Member_zmF1nEz49cp3" title="Core business">General storage operations and road transport</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Tora Seminovos Comércio de Veículos Ltda. <span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraSeminovosComerciodeVeiculosLtdaMember_zFLoAAFA7yS8" title="Equity interests">70.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_904_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ToraSeminovosComerciodeVeiculosLtdaMember_z10Oe5tVW7yh" title="Core business">Commercial and automobile rental</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>CSN Captive Insurance Company, LLC <span style="font: normal 400 8pt Helvetica light">⁽⁶⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCaptiveInsuranceCompanyLLCMember_zzso4IQBL74a" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCaptiveInsuranceCompanyLLCMember_z6YLTdot1sA5" title="Core business">Captive Insurance Company</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Global Dot Com S.A <span style="font: normal 400 8pt Helvetica light">⁽⁹⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GlobalDotComS.AMember_zCM1ZGdLgc6j" title="Equity interests">80.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GlobalDotComS.AMember_zK1MzCoH1cgg" title="Core business">Information service provision</span> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Galvacolor Jerez S.L.U.<span style="font: normal 400 8pt Helvetica light">⁽⁸⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GalvacolorJerezS.L.UMember_zzbNo6BdmC21" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> <span id="xdx_909_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--GalvacolorJerezS.L.UMember_zY8BAOJCSfC6" title="Core business">Transformation and commercialization of steel products</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Direct interest in joint operations</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Itá Energética S.A.</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ItaEnergeticaSAMember_zSQBBFFwTvOj" title="Equity interests">48.75</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ItaEnergeticaSAMember_zVDThOPNg0P" title="Equity interests">48.75</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ItaEnergeticaSAMember_zeKx2eb9AB0e" title="Core business">Electric power generation</span> </td></tr> </table> <p style="margin: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: left; width: 38%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: right; width: 8%"> </td> <td style="text-align: right; width: 1%"> </td> <td style="text-align: right; width: 6%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: left; width: 45%"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left">Direct interest in joint ventures: equity method</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>MRS Logística S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁰⁾</span></td> <td> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSAMember_zp8OSpZPMqw7" title="Equity interests">7.59</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSAMember_zpX2xgxKOcYg" title="Equity interests">18.75</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_902_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSAMember_zo4xFC2FTbFf" title="Core business"> Railroad transportation </span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Aceros Del Orinoco S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">^(*)</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--AcerosDelOrinocoSAMember_z5emJn8mSpZ4" title="Equity interests">31.82</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--AcerosDelOrinocoSAMember_ziPyXS0PCmfe" title="Equity interests">31.82</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_pdp0_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--AcerosDelOrinocoSAMember_z4N8NcypQVog" title="Core business">Dormant</span> company </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Transnordestina Logística S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁷⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TransnordestinaLogisticaSAMember_zYmmSiXwrsi1" title="Equity interests">33.89</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TransnordestinaLogisticaSAMember_zOI2Niv8FO5e" title="Equity interests">48.03</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90B_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--TransnordestinaLogisticaSAMember_zLdHs3o8SGli" title="Core business"> Railroad logistics </span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Equibras S.A. <span style="font: normal 400 8pt Helvetica light">⁽¹¹⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EquimacSAMember_zr3tVbY0lOs8" title="Equity interests">50.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EquimacSAMember_zDyDrPQODhzk" title="Equity interests">50.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_905_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--EquimacSAMember_zA671A4ejeq8" title="Core business"> Rental of commercial and industrial machinery and equipment </span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Indirect interest in joint ventures: equity method</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>MRS Logística S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁰⁾</span></td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSA1Member_zADlX5QnfNoe" title="Equity interests">20.64</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSA1Member_zJwGk3kwtURg" title="Equity interests">12.93</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90C_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--MRSLogisticaSA1Member_z23E5sdu9YVc" title="Core business"> Railroad transportation </span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Direct interest in associates: equity method</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Arvedi Metalfer do Brasil S.A. </td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ArvediMetalferDoBrasilSAMember_z6TLT3JjValg" title="Equity interests">20.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ArvediMetalferDoBrasilSAMember_z8izGC3CvFgb" title="Equity interests">20.00</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_900_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ArvediMetalferDoBrasilSAMember_zb7WE3kLUha1" title="Core business"> Metallurgy and Equity interests </span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Panatlântica S.A.</td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--PanatlanticaS.AMember_zNu6YxwDjSOf" title="Equity interests">29.92</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--PanatlanticaS.AMember_zxioWebQX1Ob" title="Equity interests">29.92</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> <span id="xdx_901_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--PanatlanticaS.AMember_zqIhuc9R8tpc" title="Core business">Steel</span> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Indirect interest in affiliates: equity method</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Jaguari Energética S.A. </td> <td style="text-align: left"> </td> <td style="text-align: right"> <span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--JaguariEnergeticaSAMember_z7O3cwU6sTf1" title="Equity interests">10.50</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--JaguariEnergeticaSAMember_zrGJ1AF08aC6" title="Equity interests">10.50</span></td> <td style="text-align: left"> </td> <td><span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--JaguariEnergeticaSAMember_zuNSI16PuPV4" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Chapecoense Geração S.A.</td> <td style="text-align: center"> </td> <td style="text-align: right"> <span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ChapecoenseGeracaoSAMember_zue2pZfNcxbl" title="Equity interests">9.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ChapecoenseGeracaoSAMember_z4neu2tWBecc" title="Equity interests">9.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ChapecoenseGeracaoSAMember_zp8DD6reLHfa" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Companhia Energética Rio das Antas - Ceran</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaRiodasAntasCeranMember_zFjRjFDHcqrj" title="Equity interests">30.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaRiodasAntasCeranMember_zya8J8rAGuq" title="Equity interests">30.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CompanhiaEnergeticaRiodasAntasCeranMember_zZFLfKuXozf9" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Foz Chapecó Energia S.A.</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FozChapecoEnergiaSAMember_zRGa49RFnqj5" title="Equity interests">9.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FozChapecoEnergiaSAMember_zt1Jaf7FYxpg" title="Equity interests">9.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FozChapecoEnergiaSAMember_zoA1YxRT9Ub6" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left"> </td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Exclusive Funds: full consolidation</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Diplic II- Private credit balanced mutual fund</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--DiplicIIPrivateCreditBalancedMutualFundMember_z0zn1REfAk41" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--DiplicIIPrivateCreditBalancedMutualFundMember_zbOV5vQwj8f6" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_902_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--DiplicIIPrivateCreditBalancedMutualFundMember_zZA1atmLBGja" title="Core business">Investment fund</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Caixa Vértice - Private credit balanced mutual fund</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CaixaVerticePrivateCreditBalancedMutualFundMember_zAwZ3D0I0t69" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CaixaVerticePrivateCreditBalancedMutualFundMember_zNzr0IOn57Q7" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CaixaVerticePrivateCreditBalancedMutualFundMember_zXo8SBQKz7yb" title="Core business">Investment fund</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">VR1 - Private credit balanced mutual fund</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VR1PrivateCreditBalancedMutualFundMember_zLVkRxVSlDL6" title="Equity interests">100.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_905_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VR1PrivateCreditBalancedMutualFundMember_zXRL1ON8fcY3" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--VR1PrivateCreditBalancedMutualFundMember_zn4siBvr9WIb" title="Core business">Investment fund</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left"> </td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left">Consortiuns</td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Consórcio Itaúba <span style="font: normal 400 8pt Helvetica light">⁽³⁾</span></td> <td style="color: red; text-align: center"> </td> <td style="text-align: right"> <span id="xdx_900_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioItaubaMember_zeknkQ8HSYXi" title="Equity interests">99.99</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_904_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioItaubaMember_zbi4dnFxafBk" title="Equity interests">100.00</span></td> <td style="text-align: left"> </td> <td><span id="xdx_901_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioItaubaMember_zjAntFu3pFqi" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: justify">Consórcio Passo Real <span style="font: normal 400 8pt Helvetica light">⁽⁴⁾</span></td> <td style="text-align: justify"> </td> <td style="text-align: right"> <span id="xdx_909_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioPassoRealMember_z2QgsXCHUBD9" title="Equity interests">96.55</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioPassoRealMember_z2QQHWio9Z6" title="Equity interests">100.00</span></td> <td style="text-align: justify"> </td> <td style="text-align: justify"><span id="xdx_90E_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioPassoRealMember_zCJNp8vypQtk" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify">Consórcio da Usina Hidrelétrica de Igarapava</td> <td style="text-align: justify"> </td> <td style="text-align: right"> <span id="xdx_907_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDaUsinaHidreletricaDeIgarapavaMember_zFSTb1BtOv94" title="Equity interests">17.92</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDaUsinaHidreletricaDeIgarapavaMember_zwOGIeTuwdwe" title="Equity interests">17.92</span></td> <td style="text-align: justify"> </td> <td style="text-align: justify"><span id="xdx_90A_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDaUsinaHidreletricaDeIgarapavaMember_zgOIBzTL8QW4" title="Core business">Electric power generation</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: justify">Consórcio Dona Francisca</td> <td style="text-align: justify"> </td> <td style="text-align: right"> <span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDonaFranciscaMember_zdoSMu2jGSNj" title="Equity interests">15.00</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90E_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pip0_dp_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDonaFranciscaMember_ztL7YhaVyQ45" title="Equity interests">15.00</span></td> <td style="text-align: justify"> </td> <td style="text-align: justify"><span id="xdx_907_eifrs-full--DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--ConsorcioDonaFranciscaMember_z3RsslXlwur" title="Core business">Electric power generation</span></td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">On March 5, 2025, CSN ITC Solutions AG ("CSN ITC”), a company in which the Company holds an indirect participation of 55.2% through its indirect subsidiary CSN Mining International GmbH, which in turns holds an 80% stake in CSN ITC, was incorporated. CSN ITC is located in Switzerland and was constituted as a corporation. CSN ITC's activities consist of the sale, distribution, and processing of iron ore and related products in key strategic expansion markets, with the objective of adding value to these products. It has been exploring and seeking out business opportunities in Switzerland and/or other countries,</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%"><span style="font-size: 8pt; line-height: 115%">(2)</span></td> <td style="text-align: justify; width: 98%"><span style="font-size: 8pt; line-height: 115%">On March 23, 2025, Gramperfil S.A. (“Gramperfil”) was acquired through means of the Company’s direct subsidiary CSN Steel S.L. for a total amount of EUR 11.8 million. Gramperfil, which is located in Portugal, was constituted as a corporation, and produces, commercializes and processes metal profiles and accessories, in addition to importing and exporting such products for use in metallic structures and civil construction</span>.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">On March 21, 2025, the “Primeiro Aditivo ao Termo de Constituição do Consórcio Itaúba” (First Amendment to the Consórcio Itaúba consortium’s incorporation agreement) was signed, through which the equity interest of the consortium members was redistributed. As a result of the amendment, CSN and CSN Cimentos Brasil S.A. now hold a 39.03% and 60.97% participation in the Consortium, respectively.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(4)</td> <td style="text-align: justify; width: 98%">On March 21, 2025, the “Primeiro Aditivo ao Termo de Constituição do Consórcio Passo Real” (First Amendment to the Consórcio Passo Real consortium’s incorporation agreement) was signed, through which there was a change in the equity interest of the consortium members. CSN's stake in the company increased from 46.97% to 56.40%, Elizabeth Cimentos S.A.’s stake increased from 28.18% to 24.14%. CSN Mineração S.A. came to hold 11.09% of Passo Real’s shares, and Minérios Nacional S.A. maintained its stake at 1.56%. Additionally, the following new consortium members joined the company: Companhia Metalúrgica Prada, with 3.36% of shares, Metalgráfica Iguaçu S.A., with 0.34% of shares, and Estanho de Rondônia S.A., with a 3.11% stake.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(5)</td> <td style="text-align: justify; width: 98%">On April 1, 2025, CSN acquired shares representing 70% of Estrela Comércio e Participações S.A.’s ("Estrela”) share capital for a total amount of R$ 752,494 million. Estrela is a holding company that maintains participations in the following companies: Tora Transportes Ltda., Tora Locações S.A., FJX Transportes S.A., N. Minas Transportes e Locações Ltda., Saratoga Transportes Ltda., Lokamig Rent a Car S.A., Seminovos Lokamig Ltda., Tora Logística Armazéns e Terminais Multimodais S.A., Tora Recintos Alfandegários S.A. and Tora Seminovos Comércio de Veículos Ltda. (“Grupo Estrela”), which subsequently became part of the series of companies indirectly controlled by CSN. Grupo Estrela, which is mainly located in Minas Gerais, maintains operations in the field of road transport.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(6)</td> <td style="text-align: justify; width: 98%">CSN Captive Insurance Company, LLC (“CSN Captive”) was incorporated on July 8, 2025, and its capital was paid in in full by the Company on August 29, 2025. CSN Captive, which is located in the United States, was incorporated as a limited liability company and its corporate purpose is to operate in the insurance market, providing insurance coverage to companies in which the Company holds a participation, as well as to third parties.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(7)</td> <td style="text-align: justify; width: 98%">On October 17, 2025, an increase in Transnordestina Logística S.A.’s share capital ("TLSA”) through the issuance of new shares and partial capitalization of credits arising from AFACs held by CSN against TLSA. This increase resulted in the payment of the amount of R$ 1,792,580 being provided, after which CSN came to hold 33.89% of TLSA's share capital.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(8)</td> <td style="text-align: justify; width: 98%">On November 18, 2025, the Company acquired Galvacolor Jerez, S.L.U. (“Galvacolor”), through its subsidiary CSN Steel S.L.U., for EUR 47 million. Located in Spain, Galvacolor is incorporated as a single-member limited liability company, and its corporate purpose involves the production of steel profiles and activities involved in the processing and sale of steel and smelting products.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(9)</td> <td style="text-align: justify; width: 98%">On December 5, 2025, the Company acquired control of Global Dot Com S.A. (“Global Dot”) and came to indirectly hold 80% of the company’s share capital stock through the subsidiaries CSN Inova Ventures (2.51%) and CSN Inova Soluções S.A. (77.49%). The acquisition was carried out through the conversion of a loan into shares, as well as the purchase of an additional interest totaling R$ 50.89 million. The Company previously held an investment in Global Dot, which was controlled at fair value. Located in the municipality of Barueri, in the State of São Paulo, Global Dot was constituted as a corporation and aims to provide fleet management services via integrated software.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(10)</td> <td style="text-align: justify; width: 98%">On December 18, 2025, the Agreement for the Purchase and Sale of Shares and Other Covenants was entered into by and between CSN Mineração and CSN, through which CSN Mineração acquired 974,851 common shares, 2,673,312 class A preferred shares and 27,333,064 class B preferred shares issued by MRS, representing 9.17% of MRS’s share capital, which were previously owned by CSN. In addition, on December 31, 2025, the Company completed the additional sale of 6,759,540 class B preferred shares issued by MRS to CMIN. Within this context, CSN became the direct holder of 25,636,431 common shares, representing 13.69% of the share capital entitling the respective holder to a right to vote and 7.59% of MRS’s share capital.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.1pt; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(11)</td> <td style="text-align: justify; width: 98%">Equimac S.A. changed its trade name during 4Q25 to "Equibras S.A.", and there were no changes in the Company's participation in this company.</td></tr> </table> 1.0000 1.0000 Financial transactions 1.0000 1.0000 Equity interests and financial transactions 1.0000 1.0000 Financial transactions 1.0000 1.0000 Equity interests and financial transactions 1.0000 1.0000  Equity interests 0.9999 0.9999 Port services 0.9999 0.9999 Mining and Equity interests 0.9999 0.9999 Reforestation 0.9999 0.9999 Tin Mining 0.9989 0.9989 Manufacture of containers and distribution of steel products 0.6901 0.6901 Mining 0.9999 0.9999 Sale of electric power 0.9271 0.9271 Railroad logistics 0.9999 0.9999 Port services 1.0000 1.0000 Advisory and implementation of new development project 0.9999 0.9999 Equity interests and product sales and iron ore 0.9999 0.9999 Cement manufacturing 1.0000 1.0000 Electric power generation and equity interests 0.9999 0.9999 Equity interests 0.9990 0.9990 Equity interests 0.9990 0.9990  Equity interests 0.9990 0.9990 Equity interests 0.9990 0.9990  Equity interests 0.9999 0.9999 Equity interests 0.7000 Equity interests 0.0010 0.0010 Commercial intermediation for the purchase and sale of assets and materials in general 1.0000 1.0000 Equity interests and product sales 1.0000 1.0000 Steel and Equity interests 1.0000 1.0000 Financial transactions and Equity interests 0.9989 0.9989 Sale of cans and containers in general and Equity interests 0.9988 0.9988 Production and sale of cans and related activities 0.9988 0.9988 Production and sale of cans and related activities 1.0000 1.0000 Financial transactions, product sales and Equity interests 1.0000 1.0000 Production and sale of long steel and related activities 1.0000 1.0000 Financial transactions, product sales and Equity interests 0.6901 0.6901 Financial transactions, product sales and Equity interests 0.6901 0.6901 Financial transactions, product sales and Equity interests 0.6901 0.6901 Commercial representation 1.0000 1.0000 Steel, commercial and industrial activities and equity interests 1.0000 1.0000 Import and distribution/resale of products 0.9999 0.9999 Cement manufacturing 0.9999 0.9999 Electric power generation 0.9999 0.9999 Electric power generation 0.9999 0.9999 Electric power generation 0.9990 0.9990 Commercial intermediation for the purchase and sale of assets and materials in general 0.9989 0.9989  Metal packaging manufacturing 0.6901 0.6901 Electric power generation 1.0000 1.0000 Electric power generation 0.9999 0.9999 Electric power generation 0.9999 0.9999  Electric power generation 0.9999 0.9999 Electric power generation 1.0000 1.0000  Production and sale of long steel and related activities 0.5521  Financial transactions, product sales and Equity interests 0.6901 0.6901 Commercial and representation of products 0.9000 Manufacturing and sale of metal profile 1.0000 1.0000 Commercial and representation of products 0.7000 Road transport 0.7000 Road transport and automobile rental 0.4200  Road transport and logistic 0.7000  Road transport and logistic 0.7000 Road transport 0.7000 Automobile rental 0.7000 Automobile rental 0.7000 Logistics 0.7000 General storage operations and road transport 0.7000 Commercial and automobile rental 1.0000 Captive Insurance Company 0.8000 Information service provision 1.0000 Transformation and commercialization of steel products 0.4875 0.4875 Electric power generation 0.0759 0.1875  Railroad transportation  0.3182 0.3182 Dormant 0.3389 0.4803  Railroad logistics  0.5000 0.5000  Rental of commercial and industrial machinery and equipment  0.2064 0.1293  Railroad transportation  0.2000 0.2000  Metallurgy and Equity interests  0.2992 0.2992 Steel 0.1050 0.1050 Electric power generation 0.0900 0.0900 Electric power generation 0.3000 0.3000 Electric power generation 0.0900 0.0900 Electric power generation 1.0000 1.0000 Investment fund 1.0000 1.0000 Investment fund 1.0000 1.0000 Investment fund 0.9999 1.0000 Electric power generation 0.9655 1.0000 Electric power generation 0.1792 0.1792 Electric power generation 0.1500 0.1500 Electric power generation <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfDirectEquityInterestsInSubsidiariesJointVenturesJointOperationsAssociatesAndOtherInvestmentsTableTextBlock_znaVrhqNrqk7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 1)"> <tr style="vertical-align: middle"> <td style="font-weight: bold"><span id="xdx_8BD_zEw6SIo64VMf" style="display: none">Schedule of changes in investments in joint ventures, joint operations, associates and other investments</span></td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; width: 25%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 10%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 5%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%">Consolidated</td></tr> <tr> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Companies</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Final balance on 12/31/2024</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Capital increase</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Write-offs</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Transfers</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Dividends</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Equity Income</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Comprehensive income</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Others</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Final balance on 12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Investments under the Equity Method</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Joint-venture, Joint-operation and Affiliate</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>MRS Logistica</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zAW8WZqYWc85" style="text-align: right" title="Investments, opening balance">2,799,168</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zBVBiiDHiae6" style="text-align: right" title="Equity Income"> 583,027</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zEhndlN1MHwj" style="text-align: right" title="Comprehensive income">(102)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zUUaxRFiT4Nd" style="text-align: right" title="Investments, opening balance"> 3,382,093</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Fair Value MRS</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_983_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueMRSMember_z3XLHwr2intk" style="text-align: right" title="Investments, opening balance"> 480,622</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--FairValueMRSMember_zqjGnqNtU0C5" style="text-align: right" title="Investments, opening balance">480,622</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value MRS amortization</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_984_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_zIaL8Fyl0Anj" style="text-align: right" title="Investments, opening balance">(105,719)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_zZNldguYPCm6" style="text-align: right" title="Equity Income">(11,745)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_ziCRiPqDH9Ud" style="text-align: right" title="Investments, opening balance"> (117,464)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Transnordestina Logística S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zdtzNPFrVYp9" style="text-align: right" title="Investments, opening balance">1,137,345</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zIL8j6U3mci9" style="text-align: right" title="Capital increase">1,792,580</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zdDr6yIaMZkb" style="text-align: right" title="Equity Income">(18,129)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zjrYXpLzS4gg" style="text-align: right" title="Comprehensive income">4,686</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zdrv7znBWqz7" style="text-align: right" title="Investments, opening balance"> 2,916,482</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value - Transnordestina</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98B_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueTransnordestinaMember_zbtZkOTyYub2" style="text-align: right" title="Investments, opening balance"> 659,106</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--FairValueTransnordestinaMember_zhLD9LcTi5j5" style="text-align: right" title="Investments, opening balance">659,106</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Arvedi Metalfer do Brasil S.A. </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_980_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_zZ02hQeCReZ9" style="text-align: right" title="Investments, opening balance"> 35,257</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_z9twKfZUpAq1" style="text-align: right" title="Equity Income">(656)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_zVRjZTrK4q2j" style="text-align: right" title="Investments, opening balance"> 34,601</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Panatlântica S.A.</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_983_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_z35itfYclf25" style="text-align: right" title="Investments, opening balance"> 225,766</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--DividendsInInvestment_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_z9HLqw1a1bUi" style="text-align: right" title="Dividends"> (19,477)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_z9ynnXurBMpf" style="text-align: right" title="Equity Income"> 13,268</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--OthersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zBjw7VLtB0Bd" style="text-align: right" title="Others"> (2)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zMtTXKXvzvd4" style="text-align: right" title="Investments, opening balance">219,555</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Equibras S.A. <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98E_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquibrasS.AMember_zxAvkRbQMcl" style="text-align: right" title="Investments, opening balance"> 31,733</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--DividendsInInvestment_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.AMember_z2eb4k0CosX" style="text-align: right" title="Dividends">(2,187)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.AMember_zjobwSiTc069" style="text-align: right" title="Equity Income"> 9,508</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.AMember_zuzj3qXuxiWl" style="text-align: right" title="Investments, opening balance"> 39,054</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Indirect interest in affiliates - CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_983_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_z5rYe2et3P3a" style="text-align: right" title="Investments, opening balance"> 146,753</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--DividendsInInvestment_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zYVyCS8wYIM9" style="text-align: right" title="Dividends"> (44,846)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_z1LgLpeMhxT2" style="text-align: right" title="Equity Income"> 42,343</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zBs6aZ6RYu9k" style="text-align: right" title="Investments, opening balance">144,250</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Fair Value indirect participation CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98F_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_d0_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueIndirectParticipationCEEEGMember_zAsmsnGahVi3" style="text-align: right" title="Investments, opening balance"> 319,709</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_d0_c20251231__ifrs-full--JointOperationsAxis__custom--FairValueIndirectParticipationCEEEGMember_z6HkYQD8epE1" style="text-align: right" title="Investments, opening balance">319,709</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value amortization indirect participation CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_984_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zhAQv4UgxTkb" style="text-align: right" title="Investments, opening balance">(42,523)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zm6842sjlzs7" style="text-align: right" title="Equity Income">(18,418)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zfVmeGBXVHyh" style="text-align: right" title="Investments, opening balance">(60,941)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Global Dot <span style="font: normal 400 8pt HELVETICA LIGHT">⁽³⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_980_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--GlobaldotMember_z1TO33CfWYT7" style="text-align: right" title="Investments, beginning balance"><b style="display: none"><span style="-sec-ix-hidden: xdx2ixbrl2315">-</span></b> </td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--GlobaldotMember_zoKTX0Eh34Ye" style="text-align: right" title="Capital increase"> 1,685</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--TransfersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--GlobaldotMember_zrPE7sDop1I1" style="text-align: right" title="Transfers"> 10,043</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--GlobaldotMember_zU5KL9x9lYK2" style="text-align: right" title="Investments, final balance"> 11,728</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231_zGC5A8QoBhX6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance">5,687,217</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231_zoW0H6G3yFx3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Capital increase">1,794,265</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--TransfersInvestments_pn3n3_c20250101__20251231_zXOOvkbv64Gf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Transfers"> 10,043</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--DividendsInInvestment_pn3n3_c20250101__20251231_z6nLL0k4Rj84" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Dividends"> (66,510)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231_zuWavfzJnpK7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Equity Income"> 599,198</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20250101__20251231_zGvbCVj7sSxc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Comprehensive income">4,584</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--OthersInvestments_pn3n3_c20250101__20251231_ztm5xsFdaFD1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Others"> (2)</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231_zPLLilMHWkU6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance"> 8,028,795</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Other participations</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Others <span style="font: normal 400 8pt Helvetica light">⁽⁴⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--OthersMember_zm2G5QAfsup1" style="border-bottom: Black 0.5pt solid; text-align: right" title="Investments, opening balance"> 58,794</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OthersMember_zLBg5tQxcsmh" style="text-align: right" title="Capital increase">(9)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--WriteoffsInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OthersMember_zyeH4PrjBWsg" style="text-align: right" title="Write-offs"> (5,038)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--TransfersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OthersMember_zXiD674uJ1yl" style="text-align: right" title="Transfers">(10,043)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--OthersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OthersMember_zzGbUdjtNRz5" style="text-align: right" title="Others">2</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--OthersMember_zhTatW2EDXEk" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance"> 43,706</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td> </td> <td> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_z6ghi3P3TYH6" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Investments, opening balance"> 58,794</td> <td> </td> <td id="xdx_987_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zcM4aUcXh4i" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Capital increase">(9)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_ecustom--WriteoffsInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_z2yehrWXg5tb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Write-offs"> (5,038)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--TransfersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zXbTK7QrJVE7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Transfers">(10,043)</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"></td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"></td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td> </td> <td id="xdx_98A_ecustom--OthersInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zJInPAtTFoga" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Others">2</td> <td> </td> <td id="xdx_98A_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zZeReoNdOLob" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Investments, opening balance"> 43,706</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Total shareholdings</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98B_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zMgGKNgwhAvh" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance">5,746,011</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--CapitalIncreaseInInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zHE1Dvbn5Spd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Capital increase">1,794,256</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_ecustom--WriteoffsInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zf2XDlaeJGJ6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Write-offs"> (5,038)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--DividendsInInvestment_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_z4KLIFGktDze" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Dividends"> (66,510)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--EquityIncomeInvestments_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zpeyVaWDppXc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Equity Income"> 599,198</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20250101__20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_z2cPeCHDnyj5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Comprehensive income">4,584</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_z4vsCQKwaBBg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance"> 8,072,501</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Classification of investments in the balance sheet</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Equity interests</td> <td> </td> <td> </td> <td id="xdx_982_ecustom--EquityInterests_iI_pn3n3_c20241231_zWdukmhP1j2b" style="text-align: right" title="Equity interests">5,746,011</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--EquityInterests_iI_pn3n3_c20251231_zylYoQ9E8zP7" style="text-align: right" title="Equity interests"> 8,072,501</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Investment Property</td> <td> </td> <td> </td> <td id="xdx_98E_ecustom--InvestmentPropertyValue_iI_pn3n3_c20241231_zHH96pObzRM9" style="border-bottom: Black 0.5pt solid; text-align: right" title="Investment Property"> 202,040</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--InvestmentPropertyValue_iI_pn3n3_c20251231_zHWCK823QUq4" style="border-bottom: Black 0.5pt solid; text-align: right" title="Investment Property">219,525</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Total investments in the asset</td> <td> </td> <td> </td> <td id="xdx_980_ecustom--TotalInvestmentsInAsset_iI_pn3n3_c20241231_zkgXnNGmWG26" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total investments in the asset">5,948,051</td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--TotalInvestmentsInAsset_iI_pn3n3_c20251231_zHdzZReBYfW3" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total investments in the asset"> 8,292,026</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Capitalization of AFACs by CSN on October 17, 2025.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">Equimac S.A. changed its trade name during 4Q25 to "Equibras S.A.", and there were no changes in the Company's participation in this company.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">On December 5, 2025, the Company acquired control of Global Dot Com S.A. (“Global Dot”) and came to indirectly hold 80% of the company’s share capital stock through the subsidiaries CSN Inova Ventures (2.51%) and CSN Inova Soluções S.A. (77.49%). The acquisition was carried out through the conversion of a loan into shares, as well as the purchase of an additional interest totaling R$49.9 million. The Company previously held an investment in Global Dot, which was controlled at fair value. Located in the municipality of Barueri, in the State of São Paulo, Global Dot was constituted as a corporation and aims to provide information services, particularly fleet management services via integrated software.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(4)</td> <td style="text-align: justify; width: 98%">These strategic investments were made in startups by the subsidiary CSN Inova Ventures, either through the execution of a convertible loan with Alinea Health Holdings Ltda., or through a participation in the following companies: I Systems Automação Industrial S.A., H2Pro Ltda., 1S1 Energy Inc., Traive Inc. and Oico Holdings Limited.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 1)"> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; width: 39%"><span></span></td> <td style="width: 1%"> </td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 10%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%">Consolidated</td></tr> <tr> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Companies</td> <td style="vertical-align: bottom"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="vertical-align: bottom"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Final balance on 12/31/2023</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Capital increase</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Dividends</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Equity Income</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Comprehensive income</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Others</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="3" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Final balance on 12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Investments under the equity method</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Joint-venture, Joint-operation and Affiliate</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>MRS Logistica</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z9j3pJESb9S6" style="text-align: right" title="Investments, opening balance">  2,381,607</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zN4wvqibRQBa" style="text-align: right" title="Dividends"> (126,163)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zQETORdjDUX7" style="text-align: right" title="Equity Income">  529,211</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zbQRDpGdu55a" style="text-align: right" title="Others"> 14,513</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zyxjvtU7eaXi" style="text-align: right" title="Investments, opening balance">  2,799,168</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Fair Value MRS</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueMRSMember_z17DdTWaHXre" style="text-align: right" title="Investments, opening balance">  480,622</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueMRSMember_zPrDdZYrGJvi" style="text-align: right" title="Investments, opening balance">  480,622</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value MRS amortization</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98F_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_zUOOKcEOeYga" style="text-align: right" title="Investments, opening balance">  (93,971)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_zt4CRLj0PCh" style="text-align: right" title="Equity Income">  (11,748)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueMRSAmortizationMember_zYhZoszkqKf8" style="text-align: right" title="Investments, opening balance"> (105,719)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Transnordestina Logística S.A.</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_981_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zIcseml62Ag4" style="text-align: right" title="Investments, opening balance">  1,160,944</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zqmCGGO6H7f2" style="text-align: right" title="Equity Income">  (23,599)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zOU0iq2UVDx8" style="text-align: right" title="Investments, opening balance">  1,137,345</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value -Transnordestina</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_985_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueTransnordestinaMember_zB1Nmbsqttu1" style="text-align: right" title="Investments, opening balance">  659,106</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueTransnordestinaMember_zGrzvhlJLXrd" style="text-align: right" title="Investments, opening balance">  659,106</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Arvedi Metalfer do Brasil S.A. </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98C_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_zpk72HilED17" style="text-align: right" title="Investments, opening balance"> 35,488</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_z6006v7VS2Mk" style="text-align: right" title="Equity Income"> (231)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ArvediMetalferdoBrasilMember_zOD97stNaWg1" style="text-align: right" title="Investments, opening balance"> 35,257</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Panatlântica S.A.</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--CapitalIncreaseInInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zMjglKZr5U1g" style="text-align: right" title="Capital increase"> 150,000</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zCkQ3uy2qKp3" style="text-align: right" title="Dividends">(46,075)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zWcG5PhYEJU7" style="text-align: right" title="Equity Income"> 19,233</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zUT1xXIoqBSb" style="text-align: right" title="Comprehensive income">23,871</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zQsw0K2jEj87" style="text-align: right" title="Others"> 78,737</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--PanatlanticaS.A.Member_zbnUsI8GAIr6" style="text-align: right" title="Investments, final balance">  225,766</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Equimac S.A</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_986_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_znzIbf7D7Ks3" style="text-align: right" title="Investments, opening balance"> 23,793</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_ztGo6Qig7Aog" style="text-align: right" title="Dividends">  (1,342)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zwcxxqioFWic" style="text-align: right" title="Equity Income">9,282</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zmeUi15SJo9b" style="text-align: right" title="Investments, opening balance"> 31,733</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Indirect interest in affiliates - CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98E_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zTey9EDZxOE2" style="text-align: right" title="Investments, opening balance">  165,891</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zQfvvaG6TxN" style="text-align: right" title="Dividends">(31,610)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zEHjjqcxr1Pa" style="text-align: right" title="Equity Income"> 44,049</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zgeo7F1fl6Pg" style="text-align: right" title="Others">  (31,577)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--IndirectInterestInAffiliatesCEEEGMember_ze2FyCHVloJ5" style="text-align: right" title="Investments, opening balance">  146,753</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Fair Value indirect participation CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_981_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_d0_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueIndirectParticipationCEEEGMember_zWP3ZQJc1Pr4" style="text-align: right" title="Investments, opening balance">  319,709</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"><b style="display: none">-</b> </td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_d0_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueIndirectParticipationCEEEGMember_ziPyrtodLCQ5" style="text-align: right" title="Investments, opening balance">  319,709</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Fair Value amortization indirect participation CEEE-G</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_986_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zOjlxBLclBxf" style="text-align: right" title="Investments, opening balance">  (23,896)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zSb1CLHGp085" style="text-align: right" title="Equity Income">  (18,627)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueAmortizationIndirectParticipationCEEEGMember_zUfH6PrFDTy5" style="text-align: right" title="Investments, opening balance">(42,523)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_988_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231_z0bWzxkvYYpf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance">  5,109,293</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--CapitalIncreaseInInvestments_pn3n3_c20240101__20241231_zSVFvRRvZJia" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Capital increase"> 150,000</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231_z1hG6Utzvat7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Dividends"> (205,190)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231_zIhCUF2Q49C1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Equity Income">  547,570</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20240101__20241231_z27a9YxbwiCb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Comprehensive income">23,871</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--OthersInvestments_pn3n3_c20240101__20241231_zxx5klL7XWk3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Others"> 61,673</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231_zLNKlhkMsdVb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance">  5,687,217</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Fair value investments through profit or loss <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td> </td> <td style="text-align: center">14</td> <td> </td> <td id="xdx_98C_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--FairValueInvestmentsThroughProfitOrLossMember_zfT0YwhROiw1" style="text-align: right" title="Investments, opening balance"> 78,737</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--FairValueInvestmentsThroughProfitOrLossMember_znXoVsRLT10f" style="text-align: right" title="Others">  (78,737)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--FairValueInvestmentsThroughProfitOrLossMember_zUwIcUyDIwx6" style="text-align: right" title="Investments, opening balance"><b style="display: none"><span style="-sec-ix-hidden: xdx2ixbrl2484">-</span></b> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Others <span style="font: normal 400 8pt Helvetica light">⁽²⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_986_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--OthersMember_zAqsWkWOsYQ1" style="text-align: right" title="Investments, opening balance"> 49,149</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--CapitalIncreaseInInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--OthersMember_zM1w62xF10gb" style="text-align: right" title="Capital increase">  5,494</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--OthersMember_zmz6oi5huZWl" style="text-align: right" title="Others">4,151</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--OthersMember_znOAdKWhx0k9" style="text-align: right" title="Investments, opening balance"> 58,794</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_989_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zPsWURBKf4Ta" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance">  127,886</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--CapitalIncreaseInInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_ziBKrdDeccFe" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Capital increase">  5,494</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">  </td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zvOjjwjAAIpk" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Others">  (74,586)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--OtherParticipationsMember_zRHxgoxDjfI1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Investments, opening balance"> 58,794</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Total shareholdings</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_98B_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20231231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_z2u55L9kGIY3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Investments, opening balance">  5,237,179</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--CapitalIncreaseInInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zAn3RqtCFL9g" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Capital increase"> 155,494</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--DividendsInInvestment_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zBVKLZ4p07f9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Dividends"> (205,190)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EquityIncomeInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zlEsnMi4IWej" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Equity Income">  547,570</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--ChangesInInvestmentsInSubsidiariesJointlyControlledCompaniesJointOperationsAssociatesAndOtherInvestmentsComprehensiveIncome_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zYTEAeKShwDh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Comprehensive income">23,871</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--OthersInvestments_pn3n3_c20240101__20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_z9EGWiEOLxz5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Others">  (12,913)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethods_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TotalShareholdingsMember_zazMsbGK0S3l" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Investments">  5,746,011</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold">Classification of investments in the balance sheet</td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Equity interests</td> <td> </td> <td> </td> <td> </td> <td id="xdx_987_ecustom--EquityInterests_iI_pn3n3_c20231231_zFDoSqiHqff9" style="text-align: right" title="Equity interests">  5,237,177</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--EquityInterests_iI_pn3n3_c20241231_zv5Tw0W0ddM5" style="text-align: right" title="Equity interests">  5,746,011</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Investment Property</td> <td> </td> <td> </td> <td> </td> <td id="xdx_984_ecustom--InvestmentPropertyValue_iI_pn3n3_c20231231_zIZsDBJynDgb" style="border-bottom: Black 0.5pt solid; text-align: right" title="Investment Property">  205,954</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--InvestmentPropertyValue_iI_pn3n3_c20241231_zXUZquGshgw6" style="border-bottom: Black 0.5pt solid; text-align: right" title="Investment Property">  202,040</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Total investments in the asset</td> <td> </td> <td> </td> <td> </td> <td id="xdx_984_ecustom--TotalInvestmentsInAsset_iI_pn3n3_c20231231_zdKnRy3nWkpb" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total investments in the asset">  5,443,131</td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--TotalInvestmentsInAsset_iI_pn3n3_c20241231_zjxjD8G8I04f" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Total investments in the asset">  5,948,051</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin-top: 0; margin-bottom: 0; text-align: center"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Changes in the balance refer to a change in the valuation method used by the investee Panatlântica S.A. due to the above-mentioned share acquisitions. As mentioned, the company, which was previously valued at fair value through profit or loss, is now being valued using the equity method.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">These strategic investments were made in startups by the subsidiary CSN Inova Ventures, either through the execution of a convertible loan with Alinea Health Holdings Ltda., or through a participation in the following companies: I Systems Automação Industrial S.A., H2Pro Ltda., 1S1 Energy Inc., Traive Inc., Oico Holdings Limited and Global Dot Com S.A.</td></tr> </table> 2799168000 583027000 -102000 3382093000 480622000 480622000 -105719000 -11745000 -117464000 1137345000 1792580000 -18129000 4686000 2916482000 659106000 659106000 35257000 -656000 34601000 225766000 -19477000 13268000 -2000 219555000 31733000 -2187000 9508000 39054000 146753000 -44846000 42343000 144250000 319709000 319709000 -42523000 -18418000 -60941000 1685000 10043000 11728000 5687217000 1794265000 10043000 -66510000 599198000 4584000 -2000 8028795000 58794000 -9000 -5038000 -10043000 2000 43706000 58794000 -9000 -5038000 -10043000 2000 43706000 5746011000 1794256000 -5038000 -66510000 599198000 4584000 8072501000 5746011000 8072501000 202040000 219525000 5948051000 8292026000 2381607000 -126163000 529211000 14513000 2799168000 480622000 480622000 -93971000 -11748000 -105719000 1160944000 -23599000 1137345000 659106000 659106000 35488000 -231000 35257000 150000000 -46075000 19233000 23871000 78737000 225766000 23793000 -1342000 9282000 31733000 165891000 -31610000 44049000 -31577000 146753000 319709000 319709000 -23896000 -18627000 -42523000 5109293000 150000000 -205190000 547570000 23871000 61673000 5687217000 78737000 -78737000 49149000 5494000 4151000 58794000 127886000 5494000 -74586000 58794000 5237179000 155494000 -205190000 547570000 23871000 -12913000 5746011000 5237177000 5746011000 205954000 202040000 5443131000 5948051000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfEquityInResultsTableTextBlock_zWQvT7kNZsg4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 2)"> <tr style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left"><span id="xdx_8BC_zT4hgILMTaf3" style="display: none">Schedule of equity in results</span></td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: right; width: 67%"> </td> <td style="font-weight: bold; text-align: right; width: 16%"> </td> <td style="text-align: right; width: 1%"> </td> <td style="font-weight: bold; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Equity in Results of Affiliated Companies</td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">MRS Logística S.A.</td> <td id="xdx_986_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--MRSLogisticaSAMember_z25RQLZTzT62" style="text-align: right" title="Equity in results of affiliated companies"> 583,027</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--MRSLogisticaSAMember_zgwAm8hkQrDc" style="text-align: right" title="Equity in results of affiliated companies"> 529,211</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Transnordestina Logística S.A. </td> <td id="xdx_987_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--TransnordestinaMember_zCTLnwxscg1b" style="text-align: right" title="Equity in results of affiliated companies">(18,129)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--TransnordestinaMember_zhn1hAWYUWNg" style="text-align: right" title="Equity in results of affiliated companies">(23,599)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Arvedi Metalfer do Brasil S.A. </td> <td id="xdx_986_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--ArvediMetalferdoBrasilsMember_zvPEgJFBwwF6" style="text-align: right" title="Equity in results of affiliated companies">(656)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--ArvediMetalferdoBrasilsMember_zRFap2kWAvd1" style="text-align: right" title="Equity in results of affiliated companies">(231)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Equibras S.A. </td> <td id="xdx_981_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--EquibrasS.A.Member_zhsXf48X1Pv5" style="text-align: right" title="Equity in results of affiliated companies">9,508</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--EquibrasS.A.Member_zBDD2Jm9sj08" style="text-align: right" title="Equity in results of affiliated companies">9,282</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Indirect interest in affiliates - CEEE-G</td> <td id="xdx_98D_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zuuobQIfpXH7" style="text-align: right" title="Equity in results of affiliated companies"> 42,343</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--IndirectInterestInAffiliatesCEEEGMember_zDbxhL3puxzg" style="text-align: right" title="Equity in results of affiliated companies"> 44,049</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Panatlântica S.A.</td> <td id="xdx_981_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--PanatlanticaS.AMember_zgCCUyNtWUs8" style="text-align: right" title="Equity in results of affiliated companies"> 13,268</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--PanatlanticaS.AMember_zmO83A8UBQx4" style="text-align: right" title="Equity in results of affiliated companies"> 19,233</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Fair Value Amortization</td> <td id="xdx_981_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--FairValueAmortizatedMember_zrJBPdJADrEd" style="text-align: right" title="Equity in results of affiliated companies">(30,163)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--FairValueAmortizatedMember_z6pLK2CbajA8" style="text-align: right" title="Equity in results of affiliated companies">(30,375)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_985_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20250101__20251231_zOI7srEL2xPl" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Equity in results of affiliated companies"> 599,198</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_ecustom--EquityInResultsOfAffiliatedCompanies_pn3n3_c20240101__20241231_zTXKHxkKtnO7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Equity in results of affiliated companies"> 547,570</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Reclassification IAS 28 <span style="font: normal 700 8pt Helvetica light">⁽¹⁾</span></td> <td id="xdx_985_ecustom--EquityInResultsOfAffiliatedCompaniesReclassification_pn3n3_c20250101__20251231_z46oPpwc6lK3" style="font-weight: bold; text-align: right" title="Other adjustments Reclassification">(80,471)</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--EquityInResultsOfAffiliatedCompaniesReclassification_pn3n3_c20240101__20241231_zabZm6rrfSX6" style="font-weight: bold; text-align: right" title="Other adjustments Reclassification">(99,279)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Others</td> <td id="xdx_987_ecustom--EquityInResultsOfAffiliatedCompaniesOther_pn3n3_c20250101__20251231_zedRNga7cmTh" style="text-align: right" title="Other adjustments others"> 17</td> <td style="color: white; text-align: right"> </td> <td id="xdx_98A_ecustom--EquityInResultsOfAffiliatedCompaniesOther_pn3n3_c20240101__20241231_zkOrVEtuUTka" style="text-align: right" title="Other adjustments others">(243)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Equity in Results </td> <td id="xdx_984_ecustom--EquityInResults_pn3n3_c20250101__20251231_ztJcZYjM0xt6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Equity in results"> 518,744</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_ecustom--EquityInResults_pn3n3_c20240101__20241231_z840dgjt1Pnf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Equity in results"> 448,048</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">The operating margin of intercompany operations with group companies classified as joint-ventures, which are not consolidated, are reclassified in the Income Statement of the Investment group to the groups of costs and income tax and social contribution.</td></tr> </table> 583027000 529211000 -18129000 -23599000 -656000 -231000 9508000 9282000 42343000 44049000 13268000 19233000 -30163000 -30375000 599198000 547570000 -80471000 -99279000 17000 -243000 518744000 448048000 0.6901 0.6901 0.6623 On February 21, 2024, the company’s held its AGM, which resolved on the compulsory redemption and subsequent cancellation of 98,375 (ninety-eight thousand, three hundred and seventy-five) shares, of which 41,896 (forty-one thousand, eight hundred and ninety-six) and 56,479 (fifty-six thousand, four hundred and seventy-nine) were common and preferred shares issued by CEEE-G, respective, without making changes to the value of its share capital. 0.9999 2383276000 82786000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_885_ecustom--ScheduleOfNetEquityTableTextBlock_pn3n3_zeuZ4vPNd2V5" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 3)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B0_z60gKmqoyjBb" style="display: none">Schedule of net equity</span></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 72%">(R$'000)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 28%"> Accounting collection as of June 30, 2023 </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Cash and cash equivalents</td> <td id="xdx_985_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__custom--CashAndCashEquivalentMember_zBEY5YLRqvX4" style="text-align: right" title="Net equity"> 111,937</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Trade receivables</td> <td id="xdx_982_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--TradeReceivablesMember_zMUwjksBbqUf" style="text-align: right" title="Net equity">95,506</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Inventories</td> <td id="xdx_98B_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__custom--InventoryMember_zsvyYQk3RHD2" style="text-align: right" title="Net equity"> 245,701</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Other assets </td> <td id="xdx_989_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--OtherAssetsMember_z5cd6v04yNM7" style="text-align: right" title="Net equity"> 229,560</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Corporate investments</td> <td id="xdx_98F_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__custom--CorporateInvestmentsMember_zecHqpxwA2g2" style="text-align: right" title="Net equity"> 1,198,743</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Property, plant and equipment </td> <td id="xdx_98E_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--PropertyPlantAndEquipmentMember_zUQe8oRLwR96" style="text-align: right" title="Net equity"> 3,573,944</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Intangíible assets </td> <td id="xdx_988_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--IntangibleAssetsAndGoodwillMember_z2CyFTHkzP1c" style="text-align: right" title="Net equity"> 889,979</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Investment properties</td> <td id="xdx_987_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--InvestmentPropertyMember_zMOPdBNkg0Xb" style="text-align: right" title="Net equity">  631</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold">Total Assets</td> <td id="xdx_98D_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialAssetsAxis__custom--TotalAssetsMember_z0RezTyFK6s9" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Net equity"> 6,346,001</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Trade payables</td> <td id="xdx_983_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember_zRARCIMmATPj" style="text-align: right" title="Net equity"> 375,049</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Borrowings and financing </td> <td id="xdx_981_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember_z1RCk5csasGg" style="text-align: right" title="Net equity"> 2,678,625</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Salaries and social charges</td> <td id="xdx_98C_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--SalariesAndSocialChargesMember_zqgF2rGu76Kf" style="text-align: right" title="Net equity">15,432</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Taxes payable </td> <td id="xdx_984_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TaxesPayablesMember_zvHj7x9VRe68" style="text-align: right" title="Net equity">42,383</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Lease liabilities</td> <td id="xdx_98A_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__ifrs-full--LeaseLiabilitiesMember_zmd4QduzYGI6" style="text-align: right" title="Net equity">15,392</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Tax, social security, labor and civil</td> <td id="xdx_98D_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TaxSocialSecurityLaborAndCivilMember_zvk2tiehYHK" style="text-align: right" title="Net equity">11,489</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Provisions for environmental liabilities and asset decommissioning</td> <td id="xdx_984_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ProvisionsForEnvironmentalLiabilitiesAndAssetDecommissioningMember_zGWauF5C7Q2l" style="text-align: right" title="Net equity">83,076</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Other payables</td> <td id="xdx_98A_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--OtherPayableMember_zmKXcxuhv2nf" style="text-align: right" title="Net equity"> 741,279</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold">Total Liabilities</td> <td id="xdx_981_ecustom--NetEquity_iI_pn3n3_c20230630__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TotalLiabilitiesMember_zUSzllAXY6a8" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Net equity"> 3,962,725</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-bottom: Black 2pt double; font-weight: bold">Net assets</td> <td id="xdx_98A_ecustom--NetEquity_iI_pn3n3_c20230630_zR5BzlIOY89e" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Net equity"> 2,383,276</td></tr> </table> 111937000 95506000 245701000 229560000 1198743000 3573944000 889979000 631000 6346001000 375049000 2678625000 15432000 42383000 15392000 11489000 83076000 741279000 3962725000 2383276000 0.80 0.0251 0.7749 49900000 3350000000 998922000 2351078000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfShareRepurchaseProgramsOfSubsidiaryCSNMineracaoTableTextBlock_pn3n3_zjm3b8KE9iib" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 4)"> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: center"><span id="xdx_8BF_zBsGmgMKTqz2" style="display: none">Schedule of share repurchase programs of subsidiary CSN Mineracao</span></td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-size: 8.5pt; text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 6%">Program</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Board’s Authorization</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 10%">Authorized quantity</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 20%">Program period</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Average buyback price</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 15%">Minimum and maximum buyback price</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Number bought back</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 9%">Share cancelation</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Treasury balance </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: center">4º</td> <td> </td> <td style="text-align: center"> <span id="xdx_902_ecustom--BoardsAuthorization_dd_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_zG5DCBVHXtak" title="Boards authorization">06/28/2024</span> </td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--AuthorizedQuantityShares_pid_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_ze012inQqIuh" style="text-align: right" title="Authorized quantity"> 100,000,000</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_906_ecustom--DescriptionOfProgramPeriod_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_ze7i6A1TBV8k" title="Program period">from 06/28/2024 to 12/19/2025</span> </td> <td style="text-align: right"> </td> <td style="font-size: 8.5pt; text-align: right">R$ <span id="xdx_909_ecustom--RepurchaseAverageBuybackPrice_pip0_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_ziEEdm0pGgVc" title="Repurchase average buyback price">6.0497</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> R$<span id="xdx_908_ecustom--MinimumBuybackPrice_iI_pip0_uBRLPShares_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_zy235TwQKySb" title="Minimum buyback price">5.2798</span> and R$<span id="xdx_904_ecustom--MaximumBuybackPrice_iI_pip0_uBRLPShares_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_z6QsMHLglFfg" title="Maximum buyback price">7.1162</span> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--WeightedAverageShares_pip0_uShares_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_zXnfGbZ94mxh" style="text-align: right" title="Number bought back shares"> 53,294,300</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--CancelationOfShares_iI_pip0_uShares_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramsMember_zhdunBkZR5v4" style="text-align: right" title="Cancelation of shares">(3)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--TreasuryShares1_iI_pip0_uShares_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FourthProgramMember_zuqPgtV3rCPk" style="text-align: right" title="Treasury balance">53,294,297</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center">5º</td> <td> </td> <td style="text-align: center"> <span id="xdx_90D_ecustom--BoardsAuthorization_dd_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FifthProgramMember_zgjQrE37tIC7" title="Boards authorization">11/21/2025</span> </td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AuthorizedQuantityShares_pid_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FifthProgramMember_zvErdFUaHMv3" style="text-align: right" title="Authorized quantity"> 53,294,297</td> <td style="text-align: right"> </td> <td style="text-align: right"> <span id="xdx_90C_ecustom--DescriptionOfProgramPeriod_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--FifthProgramMember_zHkd6WCCLy52" title="Program period">from 11/24/2025 to 05/24/2027</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-size: 8.5pt; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--WeightedAverageShares_pip0_uShares_c20250101__20251231_zYWdzvBdTD57" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Number bought back shares"> 53,294,300</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--CancelationOfShares_iI_pip0_uShares_c20251231_zmpSAYtZnqCk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cancelation of shares">(3)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--TreasuryShares1_iI_pip0_uShares_c20251231_zstFX3RcLCf5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Treasury balance">53,294,297</td></tr> </table> 2024-06-28 100000000 from 06/28/2024 to 12/19/2025 6.0497 5.2798 7.1162 53294300 -3 53294297 2025-11-21 53294297 from 11/24/2025 to 05/24/2027 53294300 -3 53294297 1025040000 0.186869166032 2375000000 0.43689118448 160000000 0.02943266927 465000000 0.08553869507 211610000 0.03895595758 1090000000 178201000 424206000 479000000 259712000 163998000 768596000 589304801 7.50 4419786000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfSecondaryDistributionOfSharesTableTextBlock_pn3n3_zk0ISWAdERaf" style="font: 8pt Helvetica light; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 5)"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 0.5pt solid; width: 68%"><span id="xdx_8B3_zewJ00ACD7dk" style="display: none">Schedule of secondary distribution of shares</span></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 30%">11/30/2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Number of shares sold</td> <td> </td> <td id="xdx_983_ecustom--SecondaryDistributionNumberOfSharesSoldByCsn_pip0_c20241101__20241130_z2HGKO2vmtD1" style="text-align: right" title="Number of shares sold">589,304,801</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Share price</td> <td> </td> <td id="xdx_980_ecustom--SecondaryDistributionPricePerShare_pid_c20241101__20241130_z4AA69KDiH1k" style="text-align: right" title="Share price"> R$ 7.50</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold">(+) Cash received (a) </td> <td style="font-weight: bold"> </td> <td id="xdx_982_ecustom--CashReceived_pn3n3_c20241101__20241130_z0JK6O8VNkY2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Cash received"> 4,419,786</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Number of shares sold</td> <td> </td> <td id="xdx_989_ecustom--IncreaseDecreaseThroughTransactionsWithOwnersShares_pip0_c20241101__20241130_zOnyspaPAKn6" style="text-align: right" title="Number of shares sold">589,304,801</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Equity cost of the share</td> <td> </td> <td id="xdx_981_eifrs-full--DividendsPaidOrdinarySharesPerShare_pid_c20241101__20241130_zlUTTcwt4IV8" style="text-align: right" title="Equity cost of the share"> R$ 1.72</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold">(-) Write-off of investment (b)</td> <td style="font-weight: bold"> </td> <td id="xdx_98C_ecustom--WriteoffOfInvestment_pn3n3_c20241101__20241130_z7HPNubVK3P4" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Write-off of investment"> 1,013,604</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-bottom: Black 2pt double; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">(=) Gain in operation (a) - (b)</td> <td style="font-weight: bold"> </td> <td id="xdx_98F_ecustom--SecondaryDistributionNetGainFromTransaction_pn3n3_c20241101__20241130_z4Nw56W0vcll" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Gain in operation"> 3,406,182</td></tr> </table> 589304801 7.50 4419786000 589304801 1.72 1013604000 3406182000 3785474692 0.6901 589304801 0.1074 0.0926 <table cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--ScheduleOfShareholdingCompositionTableTextBlock_pn3n3_zQ9E5KlP8Thi" style="width: 100%; border-collapse: collapse; font-size: 12pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 6)"> <tr> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span id="xdx_8B4_zwRMGCr0wsn8" style="display: none">Schedule of shareholding composition</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"> </td></tr> <tr> <td style="border-bottom: #7F7F7F 1pt solid; white-space: nowrap; width: 65%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase"><b>SHAREHOLDER</b></span></td> <td style="border-bottom: #7F7F7F 1pt solid; white-space: nowrap; width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase"><b>SHARES</b></span></td> <td style="border-bottom: #7F7F7F 1pt solid; white-space: nowrap; width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase"><b>% SHAREHOLDING</b></span></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt">COMPANHIA SIDÚRGICA NACIONAL</span></td> <td id="xdx_985_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CompanhiaSidurgicaNacionalMember_zpyU1wTQXEve" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">3,785,474,692</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_909_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CompanhiaSidurgicaNacionalMember_zQ4mf1yF2Vs" title="Percentage of shareholdings">69.01</span>%</span></td></tr> <tr style="background-color: White"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">ITOCHU CORPORATION</span></td> <td id="xdx_985_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ItochuCorporationMember_zuOX0QM9YJig" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">589,304,801</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_901_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ItochuCorporationMember_zqIrprTAg6Ek" title="Percentage of shareholdings">10.74</span>%</span></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">Japão Brasil Minério de Ferro Participações LTDA</span></td> <td id="xdx_981_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JapaoBrasilMinerioDeFerroParticipacoesLtdaMember_zixq00il1oMd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">507,762,966</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_906_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JapaoBrasilMinerioDeFerroParticipacoesLtdaMember_zedWmnEbnYA5" title="Percentage of shareholdings">9.26</span>%</span></td></tr> <tr style="background-color: White"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">POSCO Holding Inc.</span></td> <td id="xdx_98F_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PoscoHoldingIncMember_zfQ72fbGZrU1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">102,186,675</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_900_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PoscoHoldingIncMember_zOnue4RXDM41" title="Percentage of shareholdings">1,86</span>%</span></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">CHINA STEEL CORPORATION</span></td> <td id="xdx_98A_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ChinaSteelCorporationMember_zjiA81A6vmId" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">22,366,860</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_906_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ChinaSteelCorporationMember_zEJIlIloNnHf" title="Percentage of shareholdings">0.41</span>%</span></td></tr> <tr style="background-color: White"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">TREASURY SHARES</span></td> <td id="xdx_985_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TreasuryShareMember_zjuRrcYZP4Fa" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">53,294,297</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_90B_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TreasuryShareMember_zDtE8GA5FT2f" title="Percentage of shareholdings">0.97</span>%</span></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase">OTHERS</span></td> <td id="xdx_983_ecustom--NumberOfSharesHold_pip0_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--OthersMember_zp5aueoOMScb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt">424,948,544</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><span id="xdx_907_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--OthersMember_zRJ6GIUL2ys8" title="Percentage of shareholdings">7.75</span>%</span></td></tr> <tr style="background-color: White"> <td style="border-right: #7F7F7F 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><span style="font-family: Helvetica light,serif; font-size: 8pt; text-transform: uppercase"><b>Total SHARES</b></span></td> <td id="xdx_982_ecustom--NumberOfSharesHold_pip0_c20250101__20251231_z2aKOsRRy7gf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center" title="Number of stakeholders shares"><span style="font-family: Helvetica light,serif; font-size: 8pt"><b>5,485,338,835</b></span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; text-align: center"><span style="font-family: Helvetica light,serif; font-size: 8pt"><b><span id="xdx_907_ecustom--PercentageOfShareholdings_pip0_dp_c20250101__20251231_zYhW1UG5Vtyk" title="Percentage of shareholdings">100.00</span>%</b></span></td></tr> </table> 3785474692 0.6901 589304801 0.1074 507762966 0.0926 102186675 0.0186 22366860 0.0041 53294297 0.0097 424948544 0.0775 5485338835 1.0000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfJointVenturesAndJointOperationsFinancialnformationTableTextBlock_pn3n3_zSo01ncfxnI8" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 7)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"><span id="xdx_8B0_zwp2a7l4mCl4" style="display: none">Schedule of joint ventures and joint operations financial information</span></td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; width: 25%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 7%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 8%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 9%">12/31/2025</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 7%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 9%">12/31/2024</td></tr> <tr style="vertical-align: bottom"> <td style="border-top: Black 0.5pt solid"> </td> <td> </td> <td colspan="5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; text-align: center">Joint-Venture</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; font-style: italic"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; text-align: left; border-top-color: Black; border-top-width: 0.5pt"> Joint-Operation </td> <td> </td> <td colspan="5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; text-align: center">Joint-Venture</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; border-top-color: Black; border-top-width: 0.5pt">Joint-Operation</td></tr> <tr> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Equity interest (%)</td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">MRS Logística (1)</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Transnordestina Logística</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Equibras S.A.</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Itá Energética</td> <td style="vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">MRS Logística</td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Transnordestina Logística</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Equimac S.A.</td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Itá Energética</td></tr> <tr style="vertical-align: bottom"> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">37.49%</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">33.89%</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">50.00%</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.75%</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">37.49%</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.03%</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">50.00%</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.75%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center">Balance sheet</td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> Current Assets </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Cash and cash equivalents</td> <td> </td> <td id="xdx_98D_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zsS98edxUF99" style="text-align: right" title="Cash and cash equivalents">4,131,117</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zWGFKVeTC7Qi" style="text-align: right" title="Cash and cash equivalents"> 1,740,636</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_z7Ye22fQG0Z" style="text-align: right" title="Cash and cash equivalents">16,678</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zar6hJABZJF8" style="text-align: right" title="Cash and cash equivalents">112,820</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zNo4QhMvo92i" style="text-align: right" title="Cash and cash equivalents"> 4,147,393</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--CashAndCashEquivalents_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_z0UUU3zuCV5l" style="text-align: right" title="Cash and cash equivalents"> 277,966</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CashAndCashEquivalents_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zAvn4YJhLMR1" style="text-align: right" title="Cash and cash equivalents"> 22,028</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CashAndCashEquivalents_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z8BFa7nbkF2b" style="text-align: right" title="Cash and cash equivalents"> 82,129</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Advances to suppliers</td> <td> </td> <td id="xdx_985_eifrs-full--CurrentAdvancesToSuppliers_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zSBD8qicu9Se" style="text-align: right" title="Advances to suppliers">37,512</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--CurrentAdvancesToSuppliers_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zMxPvGzFYFvb" style="text-align: right" title="Advances to suppliers"> 62,240</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentAdvancesToSuppliers_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zvaRN9fyxVq5" style="text-align: right" title="Advances to suppliers"> 34</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentAdvancesToSuppliers_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zl0AUCFYpaoi" style="text-align: right" title="Advances to suppliers">527</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--CurrentAdvancesToSuppliers_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zzbCufmL35O4" style="text-align: right" title="Advances to suppliers">42,649</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentAdvancesToSuppliers_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zWP8RCi8tIma" style="text-align: right" title="Advances to suppliers"> 45,512</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--CurrentAdvancesToSuppliers_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zDiLFU4xp6s8" style="text-align: right" title="Advances to suppliers"> 49</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentAdvancesToSuppliers_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z5dYmu3iqfWg" style="text-align: right" title="Advances to suppliers">395</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Other assets </td> <td> </td> <td id="xdx_986_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zWUzfuMY96p8" style="text-align: right" title="Other current assets">1,127,557</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zax4f2cD23Fc" style="text-align: right" title="Other current assets"> 92,864</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zBh3VIEJeQZe" style="text-align: right" title="Other current assets">36,254</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--OtherCurrentAssets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zUqMvLRU84Aj" style="text-align: right" title="Other current assets">31,004</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zyJZKNDE89A2" style="text-align: right" title="Other current assets"> 1,182,598</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherCurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zIKs8T6IxqN6" style="text-align: right" title="Other current assets"> 83,348</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherCurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zVyF8AHG6N11" style="text-align: right" title="Other current assets"> 25,070</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherCurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_ztHAkvhj5u62" style="text-align: right" title="Other current assets"> 27,251</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Total current assets</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zmNSsUFHaRgl" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets">5,296,186</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zx9Z3nyRvKXc" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets"> 1,895,740</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zXYvdz3EcXzg" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets">52,966</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentAssets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zcxqsIv8JK76" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets">144,351</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z7ejFwOIqXZ5" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets"> 5,372,640</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zJuBhP6XdJ7g" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets"> 406,826</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zPtN7nHiP50i" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets"> 47,147</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zHYl7PWgvU3j" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current assets"> 109,775</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> Non-current Assets </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Other assets </td> <td> </td> <td id="xdx_98A_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_znEpLxRm6Hh4" style="text-align: right" title="Other non-current assets">1,147,003</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zuSAdYqHPZO7" style="text-align: right" title="Other non-current assets"> 88,455</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zfbyKkP3UlYb" style="text-align: right" title="Other non-current assets"> 259</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherNoncurrentAssets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z5U0nbkGwRlj" style="text-align: right" title="Other non-current assets">9,478</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zjgO3zpeQK43" style="text-align: right" title="Other non-current assets">448,946</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zaiWQEvrBHed" style="text-align: right" title="Other non-current assets"> 143,562</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherNoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_ztznsLlBRPbk" style="text-align: right" title="Other non-current assets">142</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z6jxywalgEFd" style="text-align: right" title="Other non-current assets"> 10,144</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Investments, PP&amp;E and intangible assets</td> <td> </td> <td id="xdx_987_ecustom--InvestmentsPpeAndIntangibleAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zZo6vnlLzxW7" style="text-align: right" title="Investments, PP&amp;E and intangible assets">18,259,793</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--InvestmentsPpeAndIntangibleAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zlgQ5GNeHE01" style="text-align: right" title="Investments, PP&amp;E and intangible assets"> 15,142,520</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--InvestmentsPpeAndIntangibleAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_z0oVN49NEoPh" style="text-align: right" title="Investments, PP&amp;E and intangible assets">79,683</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--InvestmentsPpeAndIntangibleAssets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zi1P8h6I2GDi" style="text-align: right" title="Investments, PP&amp;E and intangible assets">233,519</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--InvestmentsPpeAndIntangibleAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zP8Nw89CxlD6" style="text-align: right" title="Other non-current assets"> 14,791,500</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--InvestmentsPpeAndIntangibleAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zbdDMuKjngP1" style="text-align: right" title="Investments, PP&amp;E and intangible assets"> 13,193,728</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--InvestmentsPpeAndIntangibleAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_z8GsngmjkC7b" style="text-align: right" title="Investments, PP&amp;E and intangible assets"> 75,782</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--InvestmentsPpeAndIntangibleAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zqDv0UZrJPPb" style="text-align: right" title="Investments, PP&amp;E and intangible assets"> 263,998</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Total non-current assets</td> <td style="font-weight: bold"> </td> <td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z1jwfkGRXzC8" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets">19,406,796</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zrkRWvAXzXHg" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets"> 15,230,975</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zZ3jbbmqloIh" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets">79,942</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--NoncurrentAssets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zpXlFBNHQrLe" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets">242,997</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_znrmAwXORRyf" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets"> 15,240,446</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zZBqQytpkA8j" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets"> 13,337,290</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--NoncurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_z7ahRQXvl1rc" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets"> 75,924</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--NoncurrentAssets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zRYpUfb3hSp3" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current assets"> 274,142</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left">Total Assets</td> <td> </td> <td id="xdx_98A_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zOBCcuLFSjdc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets">24,702,982</td> <td style="font-weight: bold"> </td> <td id="xdx_984_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zCBk9IbDq8wl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 17,126,715</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zEeOnIt9sWz1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 132,908</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Assets_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z31P9xSnowH7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets">387,348</td> <td style="font-weight: bold"> </td> <td id="xdx_980_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zwjRuUFPJPX7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 20,613,086</td> <td style="font-weight: bold"> </td> <td id="xdx_984_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zI9oTVsC7T96" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 13,744,116</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Assets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zbHdfk8QSSSc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 123,071</td> <td style="font-weight: bold"> </td> <td id="xdx_983_eifrs-full--Assets_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_ziH9EliGUk6e" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total Assets"> 383,917</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Current Liabilities </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Borrowings and financing </td> <td> </td> <td id="xdx_98F_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zEh7AaXzdbQ2" style="text-align: right" title="Borrowings and financing, current">1,013,759</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zmozFihJM5mf" style="text-align: right" title="Borrowings and financing, current"> 65,418</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zilBXSmdYodc" style="text-align: right" title="Borrowings and financing, current">14,266</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zrJXaxJ4h6t8" style="text-align: right" title="Borrowings and financing, current">547,803</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zbUBgRazkJ2" style="text-align: right" title="Borrowings and financing, current"> 36,181</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zrJofWHUocMa" style="text-align: right" title="Borrowings and financing, current"> 19,009</td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Lease liabilities</td> <td> </td> <td id="xdx_989_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z8tSzsMqT2F1" style="text-align: right" title="Lease liabilities, current"> 491,501</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zFq6OLB4pd7b" style="text-align: right" title="Lease liabilities"> 337</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zs0iiSHubGTg" style="text-align: right" title="Lease liabilities">738,978</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zRl4RjYVpXi" style="text-align: right" title="Lease liabilities, current">288</td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Other liabilities</td> <td> </td> <td id="xdx_980_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zwLqS42uZJn7" style="text-align: right" title="Other current liabilities">1,710,146</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_ziC4RPgLIp9" style="text-align: right" title="Other current liabilities"> 176,437</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zAdTUFIr6g1i" style="text-align: right" title="Other current liabilities">19,979</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherCurrentLiabilities_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zub4airn1B9h" style="text-align: right" title="Other current liabilities">15,074</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z5pjZvAro0I5" style="text-align: right" title="Other current liabilities"> 2,103,399</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zqUv5zRoQQ7b" style="text-align: right" title="Other current liabilities"> 128,528</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherCurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zAgpqbXLl4S6" style="text-align: right" title="Other current liabilities"> 16,642</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherCurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zv2saltatVil" style="text-align: right" title="Other current liabilities"> 15,664</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Total current liabilities</td> <td style="font-weight: bold"> </td> <td id="xdx_98A_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zel58LTqRKu" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities">3,215,406</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_z1sTq7uswcU9" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities"> 241,855</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zi9URBXRhTta" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities">34,582</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentLiabilities_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zIO5a2INZEzl" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities">15,074</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z3DV862VzgWi" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities"> 3,390,180</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zXE0n8fsNpI2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities"> 164,709</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zCfkSFrJJ00k" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities"> 35,939</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z1pKkJHljhrd" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total current liabilities"> 15,664</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> Non-current Liabilities </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Borrowings and financing</td> <td> </td> <td id="xdx_98F_eifrs-full--LongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zJ504mVPMRhj" style="text-align: right" title="Borrowings and financing, non current">8,572,213</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--LongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zOB5vry7kJL3" style="text-align: right" title="Borrowings and financing"> 6,877,310</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--LongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zVsC1eWesFHb" style="text-align: right" title="Borrowings and financing">16,447</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> </td> <td id="xdx_988_eifrs-full--LongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zpxOI87Ltmq" style="text-align: right" title="Borrowings and financing"> 7,524,173</td> <td> </td> <td id="xdx_987_eifrs-full--LongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_z1mSdN82dZd1" style="text-align: right" title="Borrowings and financing"> 7,943,354</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--LongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zcPMETLQpwK1" style="text-align: right" title="Borrowings and financing, non current"> 21,074</td> <td> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Lease liabilities</td> <td> </td> <td id="xdx_986_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z4pnIzi9glA" style="text-align: right" title="Lease liabilities, non current">2,500,878</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zjwmuQxFD1Q1" style="text-align: right" title="Lease liabilities"> 333</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> </td> <td id="xdx_98C_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zM4e1IuA6BE3" style="text-align: right" title="Lease liabilities"> 1,158,058</td> <td> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zMQLl1pBhI5c" style="text-align: right" title="Lease liabilities, non current">213</td> <td> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Other liabilities</td> <td> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zxav7vpzK5W3" style="text-align: right" title="Other non-current liabilities">1,393,766</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zlP0Lpw824ti" style="text-align: right" title="Other non-current liabilities"> 1,402,711</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zB125tcbbeDa" style="border-bottom: Black 0.5pt solid; text-align: right" title="Other non-current liabilities">3,438</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherNoncurrentLiabilities_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zzqX0Fm4np0l" style="text-align: right" title="Other non-current liabilities">5,429</td> <td> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_z4dzepAkdIAb" style="text-align: right" title="Other non-current liabilities"> 1,074,757</td> <td> </td> <td id="xdx_989_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_z23AeWekA1n4" style="text-align: right" title="Other non-current liabilities"> 3,268,493</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--OtherNoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_z7IyNzzdC2Ne" style="text-align: right" title="Other non-current liabilities"> 2,379</td> <td> </td> <td id="xdx_986_eifrs-full--OtherNoncurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zAN6mkgT4V71" style="text-align: right" title="Other non-current liabilities"> 4,457</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Total non-current liabilities</td> <td style="font-weight: bold"> </td> <td id="xdx_98D_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zDEl0I4oM4Ud" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities">12,466,857</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zvQBaiNWOhB1" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities"> 8,280,021</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_z0OO0EinNEz7" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities">20,218</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--NoncurrentLiabilities_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z2pKOGSmEK0b" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities">5,429</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zlMuPkFV52t" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities"> 9,756,988</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zBmrSx2e7Vw6" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities"> 11,211,847</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--NoncurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zXmgD5wX7gD1" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities"> 23,666</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zzVeHjBxIge8" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Total non-current liabilities"> 4,457</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Shareholders’ equity</td> <td style="font-weight: bold"> </td> <td id="xdx_98C_eifrs-full--Equity_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zljQkTlXUwJj" style="font-weight: bold; text-align: right" title="Shareholders' equity">9,020,719</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Equity_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zI63ncMswlJ8" style="font-weight: bold; text-align: right" title="Shareholders' equity"> 8,604,839</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Equity_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_z6EBytumzWz8" style="font-weight: bold; text-align: right" title="Shareholders' equity">78,108</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Equity_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_znIm7UAc0UYh" style="font-weight: bold; text-align: right" title="Shareholders' equity">366,845</td> <td style="font-weight: bold"> </td> <td id="xdx_982_eifrs-full--Equity_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zcoiKTqT92Lf" style="font-weight: bold; text-align: right" title="Shareholders' equity"> 7,465,918</td> <td style="font-weight: bold"> </td> <td id="xdx_98F_eifrs-full--Equity_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_ztg7pfYCQ61b" style="font-weight: bold; text-align: right" title="Shareholders' equity"> 2,367,560</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Equity_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zTBCvRBuCkel" style="font-weight: bold; text-align: right" title="Shareholders' equity"> 63,466</td> <td style="font-weight: bold"> </td> <td id="xdx_986_eifrs-full--Equity_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_z0Rnw4dt9tV8" style="font-weight: bold; text-align: right" title="Shareholders' equity"> 363,796</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Total liabilities and shareholders’<br/> equity</td> <td> </td> <td id="xdx_984_eifrs-full--EquityAndLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zASnlfT3HW1j" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity">24,702,982</td> <td> </td> <td id="xdx_988_eifrs-full--EquityAndLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zl1Abfigo8C8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 17,126,715</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--EquityAndLiabilities_iI_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zm3jWhJBpWH9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 132,908</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--EquityAndLiabilities_pn3n3_c20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zAjuOlz0K9c9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity">387,348</td> <td> </td> <td id="xdx_98D_eifrs-full--EquityAndLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zgo1ov1fL3el" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 20,613,086</td> <td> </td> <td id="xdx_985_eifrs-full--EquityAndLiabilities_iI_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_z5AEqTl4a1l4" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 13,744,116</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--EquityAndLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zZIkZgwFYFi8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 123,071</td> <td> </td> <td id="xdx_983_eifrs-full--EquityAndLiabilities_pn3n3_c20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_znN30agzq9Ke" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total liabilities and shareholders' equity"> 383,917</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: bottom"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left"> </td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_49F_20250101__20251231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zh5F9EaCDzOi" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_493_20250101__20251231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zMZhe3o4nUh9" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_49E_20250101__20251231__ifrs-full--JointOperationsAxis__custom--EquibrasS.A.Member_zEEbjrYE8hai" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_49D_20250101__20251231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zDzjVs3F3NCk" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_499_20240101__20241231__ifrs-full--JointOperationsAxis__custom--MRSLogisticaMember_zXlFFFiOIycj" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_49B_20240101__20241231__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaMember_zLh5wvKA07v8" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_494_20240101__20241231__ifrs-full--JointOperationsAxis__custom--EquimacSAMember_zv9PRlLfQ8df" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_49F_20240101__20241231__ifrs-full--JointOperationsAxis__custom--ItaEnergeticaMember_zfEvn6UhKsWi" style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 26%"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 7%"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 8%">01/01/2025 to 12/31/2025</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 7%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 9%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 8%">01/01/2024 to 12/31/2024</td></tr> <tr> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">Joint-Venture</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Joint-Operation</td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">Joint-Venture</td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">Joint-Operation</td></tr> <tr> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Equity interest (%)</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">MRS Logística</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Transnordestina Logística</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Equibras S.A.</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Itá Energética</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">MRS Logística</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Transnordestina Logística</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Equimac S.A.</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Itá Energética</td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">37.49%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">33.89%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">50.00%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.75%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">37.49%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.03%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">50.00%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt">48.75%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Statements of Income</td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr id="xdx_402_eifrs-full--Revenue_z4t2sdVS2DH3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left">Net revenue</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right">7,585,058</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 88,071</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">204,261</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 7,028,472</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 84,049</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">187,622</td></tr> <tr id="xdx_405_eifrs-full--CostOfSales_iN_di_zzqVeTWZrVp3" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left">Cost of sales and services</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> (4,038,800)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(48,400)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> (115,256)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(3,909,609)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(45,317)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> (121,034)</td></tr> <tr id="xdx_402_eifrs-full--GrossProfit_znXYxRYy8xn6" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Gross profit</td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right">3,546,258</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 39,671</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 89,005</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 3,118,863</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 38,732</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 66,588</td></tr> <tr id="xdx_400_ecustom--OperatingExpensesIncome_pn3n3_zkHKwRuYPXue" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left">Operating (expenses) income </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(812,324)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(72,709)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(6,167)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(72,369)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 89,237</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(34,704)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(7,433)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(66,437)</td></tr> <tr id="xdx_40B_ecustom--FinancialIncomeExpensesNet_zxj2eCk955f7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left">Financial income (expenses), net</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(584,004)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> 33,047</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(4,334)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> 9,149</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(1,160,359)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(14,421)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right">(3,308)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> 14,076</td></tr> <tr id="xdx_40F_eifrs-full--ProfitLossBeforeTax_pn3n3_zSYglD82sDBc" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold; font-family: Arial, sans-serif">Profit/(Loss) before IR/CSLL</td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right">2,149,930</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(39,662)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 29,170</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 25,785</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 2,047,741</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(49,125)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 27,991</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 14,227</td></tr> <tr id="xdx_403_ecustom--CurrentAndDeferredIncomeTaxAndSocialContribution_pn3n3_zqIzrXsWYw08" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-family: Arial, sans-serif; text-align: left">Current and deferred IR/CSLL</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(594,868)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(8,984)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(5,644)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> (632,231)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(8,398)</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">(7,909)</td></tr> <tr id="xdx_405_eifrs-full--ProfitLossFromContinuingOperations_zVWara4bmlpf" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold; font-family: Arial, sans-serif">Profit / (loss) for the period</td> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right">1,555,062</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(39,662)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 20,186</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 20,141</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 1,415,510</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right">(49,125)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 19,593</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 6,318</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">CSN holds a direct and indirect participation of 7.59% and 29.91%, respectively, through CSN Mineração as part of the total stake in MRS’ share capital mentioned above. A total of 28.23% was attributed to the CSN Group after participation of non-controlling shareholders was considered.</td></tr> </table> 4131117000 1740636000 16678000 112820000 4147393000 277966000 22028000 82129000 37512000 62240000 34000 527000 42649000 45512000 49000 395000 1127557000 92864000 36254000 31004000 1182598000 83348000 25070000 27251000 5296186000 1895740000 52966000 144351000 5372640000 406826000 47147000 109775000 1147003000 88455000 259000 9478000 448946000 143562000 142000 10144000 18259793000 15142520000 79683000 233519000 14791500000 13193728000 75782000 263998000 19406796000 15230975000 79942000 242997000 15240446000 13337290000 75924000 274142000 24702982000 17126715000 132908000 387348000 20613086000 13744116000 123071000 383917000 1013759000 65418000 14266000 547803000 36181000 19009000 491501000 337000 738978000 288000 1710146000 176437000 19979000 15074000 2103399000 128528000 16642000 15664000 3215406000 241855000 34582000 15074000 3390180000 164709000 35939000 15664000 8572213000 6877310000 16447000 7524173000 7943354000 21074000 2500878000 333000 1158058000 213000 1393766000 1402711000 3438000 5429000 1074757000 3268493000 2379000 4457000 12466857000 8280021000 20218000 5429000 9756988000 11211847000 23666000 4457000 9020719000 8604839000 78108000 366845000 7465918000 2367560000 63466000 363796000 24702982000 17126715000 132908000 387348000 20613086000 13744116000 123071000 383917000 7585058000 88071000 204261000 7028472000 84049000 187622000 4038800000 48400000 115256000 3909609000 45317000 121034000 3546258000 39671000 89005000 3118863000 38732000 66588000 -812324000 -72709000 -6167000 -72369000 89237000 -34704000 -7433000 -66437000 -584004000 33047000 -4334000 9149000 -1160359000 -14421000 -3308000 14076000 2149930000 -39662000 29170000 25785000 2047741000 -49125000 27991000 14227000 -594868000 -8984000 -5644000 -632231000 -8398000 -7909000 1555062000 -39662000 20186000 20141000 1415510000 -49125000 19593000 6318000 0.1792 0.3903 0.6096 0.9999 0.5640 0.4015 0.9655 <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfInvestmentPropertiesTableTextBlock_pn3n3_zgxjmQmP57C2" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 8)"> <tr> <td style="padding-left: 15px; vertical-align: middle; text-align: left"><span id="xdx_8B6_zJK41NKeHva1" style="display: none">Schedule of investment properties</span></td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4BB_ifrs-full--ProductsAndServicesAxis_ifrs-full--LandMember_zktcJi5dEa29" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B1_ifrs-full--ProductsAndServicesAxis_ifrs-full--BuildingsMember_zlaH3m5XNpM1" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4BD_zxQuC4r3ySzl" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 56%"> </td> <td style="width: 1%"> </td> <td style="width: 4%"> </td> <td style="width: 1%"> </td> <td style="width: 12%"> </td> <td style="width: 1%"> </td> <td style="width: 12%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 12%">Consolidated</td></tr> <tr style="background-color: white"> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Land</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Buildings </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr id="xdx_437_c20230101__20231231_eifrs-full--InvestmentProperty_iS_z2L6iZULX1m1" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98D_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--LandMember_zfqaSQmRB4P3" style="border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Investment Property, beginng balance"> 156,811</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zEQRj2Eh8JRj" style="border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Investment Property, beginng balance"> 49,143</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231_zse5fNyzUmPk" style="border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Investment Property, beginng balance"> 205,954</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--InvestmentPropertyGross_pn3n3_c20230101__20231231__ifrs-full--ProductsAndServicesAxis__ifrs-full--LandMember_zQnMCTNGcxA6" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 156,811</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_ecustom--InvestmentPropertyGross_pn3n3_c20230101__20231231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zJS6BUP5D8h4" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 82,737</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--InvestmentPropertyGross_pn3n3_c20230101__20231231_zpzXNlq7P5rl" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 239,548</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20230101__20231231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zkAMMj62aM8i" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(33,594)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20230101__20231231_zsk3p9byXwja" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(33,594)</td></tr> <tr id="xdx_435_c20230101__20231231_eifrs-full--InvestmentProperty_iS_zAtcaYZkkRMc" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98E_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--LandMember_zTvXKKUU5MJd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: middle; text-align: right" title="Investment Property, beginng balance"> 156,811</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_98A_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_z4zV3ZlhorId" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Investment Property, beginng balance"> 49,143</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98B_eifrs-full--InvestmentProperty_iS_pn3n3_c20240101__20241231_z8Le4JlCS8Bj" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Investment Property, beginng balance"> 205,954</td></tr> <tr id="xdx_408_eifrs-full--DepreciationInvestmentProperty_iN_di_zBn5uq80tOgc" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Depreciation </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> (3,961)</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> (3,961)</td></tr> <tr id="xdx_407_ecustom--TransferBetweenGroupsFixedAssetsAndInvestmentProperty_zSwxOhIfMpH1" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Transfer between groups - Fixed Assets and Investment Property</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> 726</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> 726</td></tr> <tr id="xdx_40E_ecustom--WriteoffOfInvestmentProperties_zRmmI2ti9hHc" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Write-off</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right">(679)</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right">(679)</td></tr> <tr id="xdx_432_c20250101__20251231_eifrs-full--InvestmentProperty_iS_zkvSfx5gyyoj" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 156,858</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 45,182</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 202,040</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--InvestmentPropertyGross_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--LandMember_zs4i5WzhsIIe" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 156,858</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--InvestmentPropertyGross_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zbTj9LPRh9u9" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 83,285</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--InvestmentPropertyGross_pn3n3_c20240101__20241231_zH8SpLJ5NGC7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 240,143</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20240101__20241231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zrJRF3Nnd3G7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(38,103)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20240101__20241231_zurXr1yXQSF8" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(38,103)</td></tr> <tr id="xdx_43A_c20250101__20251231_eifrs-full--InvestmentProperty_iS_zKmjUlf3N3e3" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 156,858</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 45,182</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 202,040</td></tr> <tr id="xdx_400_eifrs-full--AcquisitionsThroughBusinessCombinationsInvestmentProperty_zmwWtsBVaEFa" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Acquisitions</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> 21,401</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> 21,401</td></tr> <tr id="xdx_408_eifrs-full--DepreciationInvestmentProperty_iN_di_z85ZV7hs7V0b" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Depreciation </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">28</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> (3,916)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> (3,916)</td></tr> <tr id="xdx_435_c20250101__20251231_eifrs-full--InvestmentProperty_iE_zhxO7W5Jqug6" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 178,259</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 41,266</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 219,525</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--InvestmentPropertyGross_pn3n3_c20250101__20251231__ifrs-full--ProductsAndServicesAxis__ifrs-full--LandMember_zRwFewwpzbw5" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Cost"> 178,259</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_980_ecustom--InvestmentPropertyGross_pn3n3_c20250101__20251231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zPvnhUynPsW3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Cost"> 83,285</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--InvestmentPropertyGross_pn3n3_c20250101__20251231_zYn0otD2mTOk" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Cost"> 261,544</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated Depreciation </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20250101__20251231__ifrs-full--ProductsAndServicesAxis__ifrs-full--BuildingsMember_zuTRsG53fwJ" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(42,019)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_ecustom--AccumulatedDepreciationInvestmentProperty_pn3n3_c20250101__20251231_zDpQFLUM4hT" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(42,019)</td></tr> <tr id="xdx_439_c20250101__20251231_eifrs-full--InvestmentProperty_iE_zSgrXbrIIZp4" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 178,259</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 41,266</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right"> 219,525</td></tr> </table> 156811000 156811000 49143000 49143000 205954000 205954000 156811000 82737000 239548000 -33594000 -33594000 156811000 156811000 49143000 49143000 205954000 205954000 3961000 3961000 726000 726000 -679000 -679000 156858000 45182000 202040000 156858000 83285000 240143000 -38103000 -38103000 156858000 45182000 202040000 21401000 21401000 3916000 3916000 178259000 41266000 219525000 178259000 83285000 261544000 -42019000 -42019000 178259000 41266000 219525000 3818752000 2431581000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfAverageEstimatedUsefulLlifeTableTextBlock_pn3n3_zJ8VTTTHKPUh" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BASIS OF CONSOLIDATION AND INVESTMENTS (Details 9)"> <tr style="vertical-align: middle"> <td style="font-weight: bold"><span id="xdx_8BD_zDG1Ts3Z7dQe" style="display: none">Schedule of average estimated useful lives</span></td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 55%"> </td> <td style="font-weight: bold; width: 22%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 22%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Buildings</td> <td style="text-align: right"><span id="xdx_90A_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--TypesOfInvestmentPropertyAxis__ifrs-full--BuildingsMember_zwUc1JaTfTce" title="Average estimated useful lives">28</span></td> <td> </td> <td style="text-align: right"><span id="xdx_902_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20240101__20241231__ifrs-full--TypesOfInvestmentPropertyAxis__ifrs-full--BuildingsMember_zcV2Iz1EOkYe" title="Average estimated useful lives">28</span></td></tr> </table> P28Y P28Y <p id="xdx_80F_eifrs-full--DisclosureOfPropertyPlantAndEquipmentExplanatory_ziN4l0td91D6" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>11.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_82E_zjHUXaS1W1L8">PROPERTY, PLANT AND EQUIPMENT</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Description of Consolidated fixed assets as of December 31, 2025 and 2024, respectively:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfPropertyPlantAndEquipmentTableTextBlock_zX7FkW0KNY95" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROPERTY, PLANT AND EQUIPMENT (Details)"> <tr style="background-color: white"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left"><span id="xdx_8B9_z5MBZSiN8iv" style="display: none">Schedule of property plant and equipment</span></td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td id="xdx_4B6_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LandMember_zrzmrGBjsFeh" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B2_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--BuildingsMember_zpcEWAwyydq6" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B5_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--MachineryMember_zSsMXSDKT5J5" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4BE_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--FixturesAndFittingsMember_zKgIUe7w9Bhk" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B0_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--ConstructionInProgressMember_zgDNAvYRDZF9" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4BC_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--RightOfUseMember_z4sX0aKMgq2" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B5_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--OtherPropertyPlantAndEquipmentMember_zxXgCBfgl9Sd" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B7_zTWw8i6tkXNg" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-right: 3pt; width: 35%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 4%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 6%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 7%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 7%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 6%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 7%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 6%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 6%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; font-weight: bold; text-align: right; width: 7%">Consolidated</td></tr> <tr style="background-color: white"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Land</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Buildings and Infrastructure</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Machinery, equipment and facilities</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Furniture and fixtures</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Construction in progress (*)</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Right of use</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Other (**)</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr id="xdx_434_c20230101__20231231_eifrs-full--PropertyPlantAndEquipment_iS_zBU5yhCbZBxk" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_98B_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zp9YuIZ6XdS2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">525,307</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zZMX0WJ2hAs3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 4,532,319</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z8agYo1rM10b" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 17,419,522</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_z27dGcAr7JQe" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">45,917</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zVbdWs351Xlc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 4,425,130</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zXIX224PEA5f" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">674,786</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zoCpTGU8gmvl" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">304,477</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231_zMm4TvGjDFT6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 27,927,458</td></tr> <tr style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td id="xdx_989_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zUfm6uVNYRBd" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">525,307</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zGd1knoeSfWh" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 9,110,694</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zea856n6c3Wi" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 39,597,174</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_z7Vv9IiM25c5" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 297,916</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_z1HaaroAGtRi" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 4,425,130</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zRJL4VWfU5Tk" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 1,126,977</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zIs9YOvo1vvh" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">860,818</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231_zXXAwfHVxLYk" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 55,944,016</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zJj1y14K8B11" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(4,578,375)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zf9rIqEn8yad" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(22,177,652)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zXzSjEsDX9ml" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(251,999)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zGpFC6tKaJl2" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (452,191)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zMnt12xf92Ah" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (556,341)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231_z8w4dz4Owrm7" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(28,016,558)</td></tr> <tr id="xdx_436_c20240101__20241231_eifrs-full--PropertyPlantAndEquipment_iS_zBv2xs1Uqlg7" style="background-color: White"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98C_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_z0n1llNmYvAd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance">525,307</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zvt8UrNQZkH2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance">4,532,319</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z8SCI4TYyYS8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance"> 17,419,522</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zZR9rooMeYH9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance">45,917</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zCQ4KP7hRNjb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance"> 4,425,130</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zbG7NAY59NR7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance">674,786</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_z3Iwnx5jZoVa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance">304,477</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98F_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231_zGYtg8xRNl46" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance"> 27,927,458</td></tr> <tr id="xdx_404_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_zvM7TmqGzIde" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Effect of foreign exchange differences</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 9,943</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 14,711</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 209,148</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">2,991</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (93,527)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">14,627</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">916</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 158,809</td></tr> <tr id="xdx_405_eifrs-full--AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_zaM8JdUDjFn6" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Acquisitions</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 1,105</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 19,464</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 147,439</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">9,562</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 5,313,404</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">14,117</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">32,533</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">5,537,624</td></tr> <tr id="xdx_408_ecustom--CapitalizedInterestPropertyPlantAndEquipment_z1V8gtn2ISek" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Capitalized interest </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">30</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">206,764</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 206,764</td></tr> <tr id="xdx_40F_ecustom--PropertyPlantAndEquipmentWriteoffs_zSluMbp0v933" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Write-offs</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">29</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">(22,978)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (19)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (37,463)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (855)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (204)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">(61,519)</td></tr> <tr id="xdx_404_ecustom--DepreciationPropertyPlantAndEquipments_zzp0hXLIilr1" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Depreciation </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">28</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">(290,195)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (2,981,703)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (11,689)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (231,394)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (54,260)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (3,569,241)</td></tr> <tr id="xdx_40A_eifrs-full--IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_z7ZsyLnwweXj" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Transfers to other asset categories</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 57,087</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 464,518</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">3,197,335</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">58,293</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">(3,839,459)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">62,226</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td></tr> <tr id="xdx_405_ecustom--TransferBetweenGroupsIntangibleAssetsAndInvestmentProperty_zoaI9cl6bc04" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Transfer between groups - intangible assets and investment property</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (726)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (73,625)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (838)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">(75,189)</td></tr> <tr id="xdx_409_ecustom--RightOfUseRemesurementPropertyPlantAndEquipment_zpsGSsZWzsF5" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Right of use - Remeasurement</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">285,533</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 285,533</td></tr> <tr id="xdx_401_ecustom--OthersPropertyPlantAndEquipment_z4bCLrbr1nfc" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Others</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 31,695</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 303</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (19,888)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 3,674</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 15,784</td></tr> <tr id="xdx_43A_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iS_zCW1uNJU4Zuc" style="background-color: White"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_98F_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zTPP5v37UVTf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">592,716</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_z5nCvav56r77" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 4,772,512</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zJLFWNgcleJj" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 17,969,066</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zVsZ9U2MRYzc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 105,055</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zlarm4cqTi4g" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 5,881,336</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zOiGbov3Fnxg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">756,814</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_980_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zfedMSV1wE6i" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">348,524</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231_z06K2mhNJOy5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 30,426,023</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td id="xdx_98E_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zCCJ1t3Jo4F" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">592,716</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zzMLFgtD2UXh" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 9,664,220</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zE30cSHV1axd" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 43,110,825</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zr1rV2hRANOi" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 372,094</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zd41Jd2HyNUf" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 5,881,336</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zqz1dwHOaxI6" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 1,269,089</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_z41teUPQxPRd" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">922,119</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231_zoeia8HGhq1a" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 61,812,399</td></tr> <tr style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zamPzPdehSg9" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(4,891,708)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zCBZhGYJpUzb" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(25,141,759)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zQbuCCicrS8h" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(267,039)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zcbDdLp4vTEd" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (512,275)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zjqTYFodPz02" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (573,595)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231_zQV2kygUrEh3" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(31,386,376)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zMUYDcuzlSQc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">592,716</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zmL75rJV3pq8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 4,772,512</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z6ocYfKRVGGf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 17,969,066</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zigpKgib2Osb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 105,055</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_z0bXpmLtJ5Hc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 5,881,336</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zCethZPVT7Fh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">756,814</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zh2nyfszrZKg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">348,524</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231_z4FbLUbgYQRg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 30,426,023</td></tr> <tr id="xdx_401_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_zkoAf5838fH9" style="vertical-align: bottom; background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Effect of foreign exchange differences</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 8,772</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(1,184)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(5,886)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (2,682)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">14,549</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (4,027)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (3,788)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 5,754</td></tr> <tr id="xdx_40F_eifrs-full--AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_zQbHXB2fdTUi" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Acquisitions</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">11,171</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 36,813</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 379,302</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">11,464</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 5,296,362</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">72,305</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">197,808</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 6,005,225</td></tr> <tr id="xdx_406_ecustom--CapitalizedInterestPropertyPlantAndEquipment_zwDxRGYrxes" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Capitalized interest </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">30</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">403,302</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> 403,302</td></tr> <tr id="xdx_40E_ecustom--PropertyPlantAndEquipmentWriteoffs_zlfInbJNm503" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Write-offs</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">29</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(6,141)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(69,999)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(16)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (14,714)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (10,707)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (903)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(102,480)</td></tr> <tr id="xdx_40C_ecustom--DepreciationPropertyPlantAndEquipments_zM9DQWRgLEud" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Depreciation </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">28</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(347,648)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(3,184,112)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (19,799)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (283,840)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (120,756)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(3,956,155)</td></tr> <tr id="xdx_40A_eifrs-full--IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_zvNiJ1c7kVJ1" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Transfers to other asset categories</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 6,952</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 274,578</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 3,308,081</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (4,646)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(3,589,738)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">4,773</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td></tr> <tr id="xdx_401_ecustom--TransferBetweenGroupsIntangibleAssetsAndInvestmentProperty_zAj28EX401Jb" style="vertical-align: bottom; background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Transfer between groups - intangible assets, investment property and inventory <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(34,100)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (45,190)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (34,122)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(113,412)</td></tr> <tr id="xdx_409_ecustom--RightOfUseRemesurementPropertyPlantAndEquipment_z5ykvpSQ3Twi" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Right of use - Remeasurement</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">244,543</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 244,543</td></tr> <tr id="xdx_403_ecustom--AcquisitionOfStakesInSubsidiariesPropertyPlantAndEquipment_zXkqPL975cd9" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Acquisition of stakes in subsidiaries</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">3</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> 9,414</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> 144,879</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> 94,773</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">1,676</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">1,550</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">183,929</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">582,251</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> 1,018,472</td></tr> <tr id="xdx_403_ecustom--OthersPropertyPlantAndEquipment_z4ZRufSeTub9" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Others</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (207)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (11,895)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(12,102)</td></tr> <tr id="xdx_43B_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iE_zMdd0E8j7wo" style="background-color: White"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_980_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zmrA8SISjGC1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">629,025</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zvRb7mPtJGL" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 4,873,809</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zeMZ2btvYfbc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 18,456,918</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_ztjqPNHqvURj" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">91,052</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_980_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zPG3da7Ei57" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 7,947,457</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zRC2MJAcFdQd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">959,016</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zjxtJNlmKyD5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">961,892</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231_z5QSJGfp56s7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 33,919,169</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td id="xdx_98D_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zNlLcESeolj9" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">629,025</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zaIjuH1fQmy9" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 10,287,766</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zm2n3dUVJQde" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 43,130,128</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zaJR4GWa6mt3" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 385,341</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zvJa6RdgfYBe" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 7,947,457</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zIa5h9LNZnkc" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 1,711,164</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zfKPW4AlRWq5" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 1,923,505</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231_zBjfcD4GQlj1" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 66,014,386</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Accumulated depreciation</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_982_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zbFPA54QnIB8" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation">(5,413,957)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_989_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z9KdGYZhip0d" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation">(24,673,210)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_98C_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zFDVSghFygR1" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation">(294,289)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_98E_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zrL7mIsgpOr3" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation"> (752,148)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_986_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zmFWtda6nhJl" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation"> (961,613)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_988_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231_zCUEXE7Vk2Ti" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation">(32,095,217)</td></tr> <tr id="xdx_435_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iE_zQv5j6MyuoJ9" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zE4L6M3gMqlf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">629,025</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zFUuiyTlziVi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 4,873,809</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zm7txJ25d0T6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 18,456,918</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zACHemD9Q3Tb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">91,052</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zOOIf3ljejNc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 7,947,457</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zXfyhuWdVjE" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">959,016</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zKbjaAfzTKWl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">961,892</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231_zwjSRBgjh1Ia" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 33,919,169</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Highlights of project advancements include: (i) business expansion, mainly port expansion in Itaguaí and Casa de Pedra, Itabirito project and tailings recovery (ii) new integrated cement plant projects and (iii) comprehensive overhaul of blast furnace and coke batteries at Presidente Vargas Steel Mill.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(**)</td> <td style="text-align: justify; width: 98%">Refer substantially to assets classified as vehicles and hardware.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Transfer to stock refers to the allocation of decommissioned or replaced vehicle assets. These assets are subsequently made available for sale by the companies Tora Seminovos Comércio de Veículos Ltda and Seminovos Lokamig Ltda, in line with the company's main commercial activities, which is the resale of used vehicles.</td></tr> </table> <p id="xdx_8A7_z1zSS70CX8Wh" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The estimated average useful lives are as follows (in years):</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ScheduleOfEstimatedUsefulLivesTableTextBlock_pn3n3_zBGTSlGpoGlf" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROPERTY, PLANT AND EQUIPMENT (Details 1)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B2_zyKEsEy5caM2" style="display: none">Schedule of average estimated useful lives</span></td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 55%"> </td> <td style="font-weight: bold; width: 22%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 22%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Buildings and Infrastructure</td> <td style="text-align: right"><span id="xdx_906_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zhzTEEEGA5s1" title="Average estimated useful lives">32</span></td> <td> </td> <td style="text-align: right"><span id="xdx_901_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zjdksh1SQMq3" title="Average estimated useful lives">33</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Machinery, equipment and facilities</td> <td style="text-align: right"><span id="xdx_90D_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z5usI6OIUWy4" title="Average estimated useful lives">17</span></td> <td> </td> <td style="text-align: right"><span id="xdx_901_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zDNqoWyJUfNh" title="Average estimated useful lives">17</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Furniture and fixtures</td> <td style="text-align: right"><span id="xdx_900_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_z2jft56semTb" title="Average estimated useful lives">10</span></td> <td> </td> <td style="text-align: right"><span id="xdx_905_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zL423jcB10E2" title="Average estimated useful lives">10</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Others</td> <td style="text-align: right"><span id="xdx_908_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zolLSqCnnyX3" title="Average estimated useful lives">11</span></td> <td> </td> <td style="text-align: right"><span id="xdx_90A_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zKSNvnnqMMd3" title="Average estimated useful lives">10</span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Property, plant and equipment are tested for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or cash-generating unit may not be recoverable. For the year ended December 31, 2025, management assessed such indicators and concluded that no impairment loss was recognized.</p> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>(i)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Right of Use</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Below are the changes in the right of use:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfRightsOfUseTableTextBlock_pn3n3_zoTq6leULhV9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROPERTY, PLANT AND EQUIPMENT (Details 2)"> <tr> <td style="padding-left: 15px; vertical-align: bottom; text-align: left; background-color: white"><span id="xdx_8B0_zje9A1wIBU1b" style="display: none">Schedule of the right of use</span></td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left; background-color: white"> </td> <td id="xdx_4BA_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LandMember_zwJJK8lloRG9" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: middle; text-align: center; background-color: white"> </td> <td id="xdx_4BA_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--BuildingsMember_zmvXoL8pJVT5" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4B9_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--MachineryMember_zbbQbCtxsrca" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: middle; text-align: center; background-color: white"> </td> <td id="xdx_4B1_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--OtherPropertyPlantAndEquipmentMember_zSUkKaQOfDA2" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4BC_zPVQijuyO9ad" style="vertical-align: middle; text-align: center; background-color: white"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 39%"> </td> <td style="width: 5%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: white">Ref.</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: white">Land</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Buildings and Infrastructure</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Machinery, equipment and facilities</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Others</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: white">Total</td></tr> <tr id="xdx_43B_c20230101__20231231_eifrs-full--RightofuseAssets_iS_zPhGURJXGS12" style="vertical-align: bottom; background-color: white"> <td style="font-weight: bold">Balance at December 31, 2023</td> <td style="font-weight: bold"> </td> <td id="xdx_988_eifrs-full--RightofuseAssets_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zoefsx8sZYQa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">512,923</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--RightofuseAssets_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_z0kP9DZoeRUb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">86,057</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--RightofuseAssets_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zUf0x3JNTwyl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">54,149</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--RightofuseAssets_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zgezkPFDBENf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">21,657</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--RightofuseAssets_iS_pn3n3_c20230101__20231231_zvLFjImyI8Lj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance"> 674,786</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td id="xdx_98D_ecustom--RightofuseAssetsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zUo3iZSISFjf" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 629,004</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_ecustom--RightofuseAssetsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zN4qMRlF9lIa" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">143,926</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_ecustom--RightofuseAssetsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zxWr0QAnJ3O3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 254,640</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_ecustom--RightofuseAssetsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zzrlUbOO1TX7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 99,407</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_ecustom--RightofuseAssetsGross_pn3n3_c20230101__20231231_zxRBLUCYLmu9" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">1,126,977</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td id="xdx_98E_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zGbBFyPJVXYc" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(116,081)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_z1LHep36OLo1" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (57,869)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z2J2UVaptONk" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(200,491)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zo7UR7t5ea0h" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(77,750)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20230101__20231231_zlpVWAKBwwy6" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(452,191)</td></tr> <tr id="xdx_43E_c20240101__20241231_eifrs-full--RightofuseAssets_iS_zYGsKh2yywZd" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: bottom">Balance at December 31, 2023</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_989_eifrs-full--RightofuseAssets_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zKxFPyJ1YEd6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Right of use, beginning balance">512,923</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_989_eifrs-full--RightofuseAssets_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zQW1u5tS4Zy9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Right of use, beginning balance">86,057</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_eifrs-full--RightofuseAssets_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zDOPzfOL6x62" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Right of use, beginning balance">54,149</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_982_eifrs-full--RightofuseAssets_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zajjiCNMefJj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Right of use, beginning balance">21,657</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--RightofuseAssets_iS_pn3n3_c20240101__20241231_zMg5c8LjBnI3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Right of use, beginning balance"> 674,786</td></tr> <tr id="xdx_403_eifrs-full--IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_zK2V5gXPEV52" style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Effect of foreign exchange differences</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">9,939</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">2,209</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">2,479</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">14,627</td></tr> <tr id="xdx_407_eifrs-full--AdditionsToRightofuseAssets_zeFWLXBFBOY" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Addition</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right">4,272</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">6,549</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">3,296</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">14,117</td></tr> <tr id="xdx_40E_ecustom--RightofuseAssetsRemeasurement_zSMMS9WskRUg" style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Remeasurement</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right">58,103</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">3,627</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">202,990</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">20,813</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 285,533</td></tr> <tr id="xdx_40B_eifrs-full--DepreciationRightofuseAssets_iN_di_zLfUPGJXIjU8" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Depreciation </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (38,290)</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> (16,511)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (150,430)</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> (26,163)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(231,394)</td></tr> <tr id="xdx_40D_ecustom--WriteOffRightOfuseAssets_zhx7orB7oNG3" style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Write-offs</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(855)</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(855)</td></tr> <tr id="xdx_43C_c20250101__20251231_eifrs-full--RightofuseAssets_iS_z3JyjLrxgtw2" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Balance at December 31, 2024</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zPV2VYLIke0h" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">537,008</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zYS4ubZ8zFIb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">83,112</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zXZpURwzU1N7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">114,612</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zB7AtziIp42k" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">22,082</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231_z3wW7847diFb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance"> 756,814</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td id="xdx_983_ecustom--RightofuseAssetsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_z4Myeaw4beK9" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 655,481</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--RightofuseAssetsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zhD6tsrWuLyi" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">150,311</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--RightofuseAssetsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zU1YNJx2fKMj" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 360,925</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--RightofuseAssetsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zVhUxoFwV00a" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 102,372</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--RightofuseAssetsGross_pn3n3_c20240101__20241231_zBpugsX25Tc6" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">1,269,089</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td id="xdx_98B_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_z8PhhSsjlS5h" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(118,473)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zi7xoTU4DJI4" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (67,199)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zFQv6iyWVbuh" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(246,313)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_z4Ep6ALU1Bqd" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(80,290)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20240101__20241231_zYNvUjAx3K5f" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(512,275)</td></tr> <tr id="xdx_437_c20250101__20251231_eifrs-full--RightofuseAssets_iS_z4FQv9I1aae3" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_98E_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zr2OvhA9IpMg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, beginning balance">537,008</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zG9ZVhnZvYa3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, beginning balance">83,112</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zGD9Hw3Sfm01" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, beginning balance">114,612</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zQfu0rBzf01d" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, beginning balance">22,082</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231_zvj9TnS8qpBk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, beginning balance"> 756,814</td></tr> <tr id="xdx_403_eifrs-full--IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_zCyMRCoU6X6g" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Effect of foreign exchange differences</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> (4,622)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 758</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(163)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> (4,027)</td></tr> <tr id="xdx_402_ecustom--AcquisitionOfStakesInSubsidiariesToRightofuseAssets_zdEhl6CwJimf" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Acquisition of stakes in subsidiaries</td> <td style="padding-left: 15px; text-align: left">3</td> <td style="padding-left: 15px; text-align: right"> 183,929</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 183,929</td></tr> <tr id="xdx_407_eifrs-full--AdditionsToRightofuseAssets_zsiHFDpUcKPk" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Addition</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right">5,906</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">1,826</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">61,968</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">2,605</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 72,305</td></tr> <tr id="xdx_406_ecustom--RightofuseAssetsRemeasurement_ztvdJV0h4aLi" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Remeasurement</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right">63,305</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">1,715</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 138,824</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 40,699</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 244,543</td></tr> <tr id="xdx_40B_eifrs-full--DepreciationRightofuseAssets_iN_di_z7rQ0gnHHIIc" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Depreciation </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right"> (63,113)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> (17,914)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(175,799)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(27,014)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(283,840)</td></tr> <tr id="xdx_40D_ecustom--WriteOffRightOfuseAssets_zrdXk9klgca7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Write-offs</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right">(680)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> (10,028)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(10,708)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Balance at December 31, 2025</td> <td style="font-weight: bold"> </td> <td id="xdx_98C_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_z2KjRoxnn9ei" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, ending balance">726,355</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zcD13qw7FThf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, ending balance">64,117</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z0jWSAoNft2k" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, ending balance">130,335</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zVzKlqedG5m8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, ending balance">38,209</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231_z389gEi0XQnb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, ending balance"> 959,016</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_982_ecustom--RightofuseAssetsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zhIDaVusIGhh" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 996,234</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--RightofuseAssetsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zKyNwjPoYuea" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">143,181</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_ecustom--RightofuseAssetsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zQhscZKfk4m1" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 431,606</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--RightofuseAssetsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zRBPvhzZOP79" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 140,143</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--RightofuseAssetsGross_pn3n3_c20250101__20251231_zZWzEXaAhs42" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">1,711,164</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_983_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zPiSkwEZ4d9h" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(269,879)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zwtyZdqt2x8g" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (79,064)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z4e4oWXej3d9" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(301,271)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zAFAfFRdecfb" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(101,934)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20250101__20251231_zGVzLPZOPX44" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(752,148)</td></tr> <tr style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_986_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zgqwpmw1MeJ2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, ending balance">726,355</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98B_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zrJsSQ2Mrw1f" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, ending balance">64,117</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z0vrlnbga2f7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, ending balance">130,335</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zTnO5oMtMy8f" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, ending balance">38,209</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231_zt8EdoITHehf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, ending balance"> 959,016</td></tr> </table> <p id="xdx_8A4_z6htKHHg8EHg" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Property, plant and equipment are recorded at acquisition, formation, or construction cost less depreciation or accumulated depletion and impairment. Depreciation is calculated using the linear method based on the remaining useful life of the assets or the contract term, whichever is shorter. The exhaustion of mines is calculated based on the quantity of ore extracted and lands are not depreciated since they are considered to have an indefinite useful life. Other expenses are posted to the expense account when incurred.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td><span style="font-family: Helvetica light,serif"><b>Capitalized Interest</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Borrowing costs directly attributable to the acquisition, construction, and/or production of qualifying assets are capitalized as part of the asset cost when it is probable that they will result in future economic benefits and when they are ready to perform their functions according to the Company's intended purpose.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td><span style="font-family: Helvetica light,serif"><b>Costs of Development of New Ore Deposits</b></span></td></tr></table> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Costs for the development of new ore deposits, or for the expansion of the capacity of mines in operation are capitalized and amortized using the produced (extracted) units’ method based on probable and proven quantities of ore.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Expenses with Exploration </b></span></td></tr></table> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Exploration expenses are recognized as expenses until the viability of the mining activity is established after this period, subsequent costs are capitalized.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Overburden Removal Expenses</b></span></td></tr></table> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Expenses incurred during the mine development phase, before the production phase, are recorded as part of the depreciable development costs. Subsequently, these costs are amortized during the mine's useful life based on probable and proven reserves.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Overburden Costs</b></span></td></tr></table> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The overburden costs incurred in the production phase are added to the inventory value, except when a specific extraction campaign is carried out to access deeper deposits of the ore body. In this case, costs are capitalized and classified in non-current assets and are amortized over the life of mine.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfPropertyPlantAndEquipmentTableTextBlock_zX7FkW0KNY95" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROPERTY, PLANT AND EQUIPMENT (Details)"> <tr style="background-color: white"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left"><span id="xdx_8B9_z5MBZSiN8iv" style="display: none">Schedule of property plant and equipment</span></td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td id="xdx_4B6_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LandMember_zrzmrGBjsFeh" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B2_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--BuildingsMember_zpcEWAwyydq6" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B5_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--MachineryMember_zSsMXSDKT5J5" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4BE_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--FixturesAndFittingsMember_zKgIUe7w9Bhk" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B0_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--ConstructionInProgressMember_zgDNAvYRDZF9" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4BC_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--RightOfUseMember_z4sX0aKMgq2" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B5_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--OtherPropertyPlantAndEquipmentMember_zxXgCBfgl9Sd" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_4B7_zTWw8i6tkXNg" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-right: 3pt; width: 35%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 4%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 6%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 7%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 7%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 6%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 7%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 6%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; width: 6%"> </td> <td style="padding-left: 1pt; padding-right: 3pt; width: 1%"> </td> <td style="padding-right: 3pt; font-weight: bold; text-align: right; width: 7%">Consolidated</td></tr> <tr style="background-color: white"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Land</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Buildings and Infrastructure</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Machinery, equipment and facilities</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Furniture and fixtures</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Construction in progress (*)</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Right of use</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Other (**)</td> <td style="border-top: Black 0.5pt solid; padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr id="xdx_434_c20230101__20231231_eifrs-full--PropertyPlantAndEquipment_iS_zBU5yhCbZBxk" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_98B_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zp9YuIZ6XdS2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">525,307</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zZMX0WJ2hAs3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 4,532,319</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z8agYo1rM10b" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 17,419,522</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_z27dGcAr7JQe" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">45,917</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zVbdWs351Xlc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 4,425,130</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zXIX224PEA5f" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">674,786</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zoCpTGU8gmvl" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">304,477</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20230101__20231231_zMm4TvGjDFT6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 27,927,458</td></tr> <tr style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td id="xdx_989_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zUfm6uVNYRBd" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">525,307</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zGd1knoeSfWh" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 9,110,694</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zea856n6c3Wi" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 39,597,174</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_z7Vv9IiM25c5" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 297,916</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_z1HaaroAGtRi" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 4,425,130</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zRJL4VWfU5Tk" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 1,126,977</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zIs9YOvo1vvh" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">860,818</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20230101__20231231_zXXAwfHVxLYk" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 55,944,016</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zJj1y14K8B11" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(4,578,375)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zf9rIqEn8yad" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(22,177,652)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zXzSjEsDX9ml" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(251,999)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zGpFC6tKaJl2" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (452,191)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zMnt12xf92Ah" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (556,341)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20230101__20231231_z8w4dz4Owrm7" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(28,016,558)</td></tr> <tr id="xdx_436_c20240101__20241231_eifrs-full--PropertyPlantAndEquipment_iS_zBv2xs1Uqlg7" style="background-color: White"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98C_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_z0n1llNmYvAd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance">525,307</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zvt8UrNQZkH2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance">4,532,319</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z8SCI4TYyYS8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance"> 17,419,522</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zZR9rooMeYH9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance">45,917</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zCQ4KP7hRNjb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance"> 4,425,130</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zbG7NAY59NR7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance">674,786</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_z3Iwnx5jZoVa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance">304,477</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98F_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20240101__20241231_zGYtg8xRNl46" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right" title="Property plant and equipment, beginning balance"> 27,927,458</td></tr> <tr id="xdx_404_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_zvM7TmqGzIde" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Effect of foreign exchange differences</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 9,943</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 14,711</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 209,148</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">2,991</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (93,527)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">14,627</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">916</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 158,809</td></tr> <tr id="xdx_405_eifrs-full--AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_zaM8JdUDjFn6" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Acquisitions</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 1,105</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 19,464</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 147,439</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">9,562</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 5,313,404</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">14,117</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">32,533</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">5,537,624</td></tr> <tr id="xdx_408_ecustom--CapitalizedInterestPropertyPlantAndEquipment_z1V8gtn2ISek" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Capitalized interest </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">30</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">206,764</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 206,764</td></tr> <tr id="xdx_40F_ecustom--PropertyPlantAndEquipmentWriteoffs_zSluMbp0v933" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Write-offs</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">29</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">(22,978)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (19)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (37,463)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (855)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (204)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">(61,519)</td></tr> <tr id="xdx_404_ecustom--DepreciationPropertyPlantAndEquipments_zzp0hXLIilr1" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Depreciation </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">28</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">(290,195)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (2,981,703)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (11,689)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (231,394)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (54,260)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (3,569,241)</td></tr> <tr id="xdx_40A_eifrs-full--IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_z7ZsyLnwweXj" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Transfers to other asset categories</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 57,087</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 464,518</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">3,197,335</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">58,293</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">(3,839,459)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">62,226</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td></tr> <tr id="xdx_405_ecustom--TransferBetweenGroupsIntangibleAssetsAndInvestmentProperty_zoaI9cl6bc04" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Transfer between groups - intangible assets and investment property</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (726)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (73,625)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (838)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">(75,189)</td></tr> <tr id="xdx_409_ecustom--RightOfUseRemesurementPropertyPlantAndEquipment_zpsGSsZWzsF5" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Right of use - Remeasurement</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right">285,533</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 285,533</td></tr> <tr id="xdx_401_ecustom--OthersPropertyPlantAndEquipment_z4bCLrbr1nfc" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Others</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 31,695</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 303</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> (19,888)</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 3,674</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: bottom"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: right"> 15,784</td></tr> <tr id="xdx_43A_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iS_zCW1uNJU4Zuc" style="background-color: White"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_98F_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zTPP5v37UVTf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">592,716</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_z5nCvav56r77" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 4,772,512</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zJLFWNgcleJj" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 17,969,066</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zVsZ9U2MRYzc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 105,055</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zlarm4cqTi4g" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 5,881,336</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zOiGbov3Fnxg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">756,814</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_980_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zfedMSV1wE6i" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">348,524</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231_z06K2mhNJOy5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 30,426,023</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td id="xdx_98E_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zCCJ1t3Jo4F" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">592,716</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zzMLFgtD2UXh" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 9,664,220</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zE30cSHV1axd" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 43,110,825</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zr1rV2hRANOi" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 372,094</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zd41Jd2HyNUf" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 5,881,336</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zqz1dwHOaxI6" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 1,269,089</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_z41teUPQxPRd" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">922,119</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20240101__20241231_zoeia8HGhq1a" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 61,812,399</td></tr> <tr style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zamPzPdehSg9" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(4,891,708)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zCBZhGYJpUzb" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(25,141,759)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zQbuCCicrS8h" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(267,039)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zcbDdLp4vTEd" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (512,275)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zjqTYFodPz02" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (573,595)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20240101__20241231_zQV2kygUrEh3" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(31,386,376)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zMUYDcuzlSQc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">592,716</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zmL75rJV3pq8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 4,772,512</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z6ocYfKRVGGf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 17,969,066</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zigpKgib2Osb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 105,055</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_z0bXpmLtJ5Hc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 5,881,336</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zCethZPVT7Fh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">756,814</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zh2nyfszrZKg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance">348,524</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_c20250101__20251231_z4FbLUbgYQRg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, beginning balance"> 30,426,023</td></tr> <tr id="xdx_401_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_zkoAf5838fH9" style="vertical-align: bottom; background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Effect of foreign exchange differences</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 8,772</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(1,184)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(5,886)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (2,682)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">14,549</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (4,027)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (3,788)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 5,754</td></tr> <tr id="xdx_40F_eifrs-full--AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_zQbHXB2fdTUi" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Acquisitions</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">11,171</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 36,813</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 379,302</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">11,464</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 5,296,362</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">72,305</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">197,808</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 6,005,225</td></tr> <tr id="xdx_406_ecustom--CapitalizedInterestPropertyPlantAndEquipment_zwDxRGYrxes" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Capitalized interest </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">30</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">403,302</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> 403,302</td></tr> <tr id="xdx_40E_ecustom--PropertyPlantAndEquipmentWriteoffs_zlfInbJNm503" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Write-offs</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">29</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(6,141)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(69,999)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(16)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (14,714)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (10,707)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (903)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(102,480)</td></tr> <tr id="xdx_40C_ecustom--DepreciationPropertyPlantAndEquipments_zM9DQWRgLEud" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Depreciation </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">28</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(347,648)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(3,184,112)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (19,799)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (283,840)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> (120,756)</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">(3,956,155)</td></tr> <tr id="xdx_40A_eifrs-full--IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_zvNiJ1c7kVJ1" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Transfers to other asset categories</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 6,952</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 274,578</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 3,308,081</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (4,646)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(3,589,738)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">4,773</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td></tr> <tr id="xdx_401_ecustom--TransferBetweenGroupsIntangibleAssetsAndInvestmentProperty_zAj28EX401Jb" style="vertical-align: bottom; background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Transfer between groups - intangible assets, investment property and inventory <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(34,100)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (45,190)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (34,122)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(113,412)</td></tr> <tr id="xdx_409_ecustom--RightOfUseRemesurementPropertyPlantAndEquipment_z5ykvpSQ3Twi" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Right of use - Remeasurement</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">244,543</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> 244,543</td></tr> <tr id="xdx_403_ecustom--AcquisitionOfStakesInSubsidiariesPropertyPlantAndEquipment_zXkqPL975cd9" style="background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: left">Acquisition of stakes in subsidiaries</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: center">3</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> 9,414</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> 144,879</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> 94,773</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">1,676</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">1,550</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">183,929</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right">582,251</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right"> 1,018,472</td></tr> <tr id="xdx_403_ecustom--OthersPropertyPlantAndEquipment_z4ZRufSeTub9" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Others</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (207)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right"> (11,895)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: right">(12,102)</td></tr> <tr id="xdx_43B_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iE_zMdd0E8j7wo" style="background-color: White"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_980_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zmrA8SISjGC1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">629,025</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zvRb7mPtJGL" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 4,873,809</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zeMZ2btvYfbc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 18,456,918</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_ztjqPNHqvURj" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">91,052</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_980_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zPG3da7Ei57" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 7,947,457</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zRC2MJAcFdQd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">959,016</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zjxtJNlmKyD5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">961,892</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231_z5QSJGfp56s7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 33,919,169</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; vertical-align: middle; text-align: left"> </td> <td id="xdx_98D_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zNlLcESeolj9" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">629,025</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zaIjuH1fQmy9" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 10,287,766</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zm2n3dUVJQde" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 43,130,128</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zaJR4GWa6mt3" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 385,341</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zvJa6RdgfYBe" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 7,947,457</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zIa5h9LNZnkc" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 1,711,164</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zfKPW4AlRWq5" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 1,923,505</td> <td style="padding-right: 3pt; padding-left: 1pt; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--PropertyPlantAndEquipmentsGross_pn3n3_c20250101__20251231_zBjfcD4GQlj1" style="padding-right: 3pt; padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 66,014,386</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 3pt; padding-left: 15px; text-align: left">Accumulated depreciation</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"></td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_982_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zbFPA54QnIB8" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation">(5,413,957)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_989_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z9KdGYZhip0d" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation">(24,673,210)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_98C_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zFDVSghFygR1" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation">(294,289)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 15px; text-align: left"> </td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_98E_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zrL7mIsgpOr3" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation"> (752,148)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_986_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zmFWtda6nhJl" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation"> (961,613)</td> <td style="padding-right: 3pt; padding-left: 1pt; text-align: left"> </td> <td id="xdx_988_ecustom--PropertyPlantAndEquipmentAccumulatedDepreciation_pn3n3_c20250101__20251231_zCUEXE7Vk2Ti" style="padding-right: 3pt; padding-left: 15px; text-align: right" title="Accumulated depreciation">(32,095,217)</td></tr> <tr id="xdx_435_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iE_zQv5j6MyuoJ9" style="background-color: rgb(220,230,241)"> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 1pt; padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zE4L6M3gMqlf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">629,025</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zFUuiyTlziVi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 4,873,809</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zm7txJ25d0T6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 18,456,918</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zACHemD9Q3Tb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">91,052</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ConstructionInProgressMember_zOOIf3ljejNc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 7,947,457</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RightOfUseMember_zXfyhuWdVjE" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">959,016</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zKbjaAfzTKWl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance">961,892</td> <td style="padding-right: 3pt; padding-left: 1pt; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_c20250101__20251231_zwjSRBgjh1Ia" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 3pt; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Property plant and equipment, ending balance"> 33,919,169</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Highlights of project advancements include: (i) business expansion, mainly port expansion in Itaguaí and Casa de Pedra, Itabirito project and tailings recovery (ii) new integrated cement plant projects and (iii) comprehensive overhaul of blast furnace and coke batteries at Presidente Vargas Steel Mill.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(**)</td> <td style="text-align: justify; width: 98%">Refer substantially to assets classified as vehicles and hardware.</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Transfer to stock refers to the allocation of decommissioned or replaced vehicle assets. These assets are subsequently made available for sale by the companies Tora Seminovos Comércio de Veículos Ltda and Seminovos Lokamig Ltda, in line with the company's main commercial activities, which is the resale of used vehicles.</td></tr> </table> 525307000 525307000 4532319000 4532319000 17419522000 17419522000 45917000 45917000 4425130000 4425130000 674786000 674786000 304477000 304477000 27927458000 27927458000 525307000 9110694000 39597174000 297916000 4425130000 1126977000 860818000 55944016000 -4578375000 -22177652000 -251999000 -452191000 -556341000 -28016558000 525307000 525307000 4532319000 4532319000 17419522000 17419522000 45917000 45917000 4425130000 4425130000 674786000 674786000 304477000 304477000 27927458000 27927458000 9943000 14711000 209148000 2991000 -93527000 14627000 916000 158809000 1105000 19464000 147439000 9562000 5313404000 14117000 32533000 5537624000 206764000 206764000 -22978000 -19000 -37463000 -855000 -204000 -61519000 -290195000 -2981703000 -11689000 -231394000 -54260000 -3569241000 57087000 464518000 3197335000 58293000 -3839459000 62226000 -726000 -73625000 -838000 -75189000 285533000 285533000 31695000 303000 -19888000 3674000 15784000 592716000 592716000 4772512000 4772512000 17969066000 17969066000 105055000 105055000 5881336000 5881336000 756814000 756814000 348524000 348524000 30426023000 30426023000 592716000 9664220000 43110825000 372094000 5881336000 1269089000 922119000 61812399000 -4891708000 -25141759000 -267039000 -512275000 -573595000 -31386376000 592716000 4772512000 17969066000 105055000 5881336000 756814000 348524000 30426023000 8772000 -1184000 -5886000 -2682000 14549000 -4027000 -3788000 5754000 11171000 36813000 379302000 11464000 5296362000 72305000 197808000 6005225000 403302000 403302000 -6141000 -69999000 -16000 -14714000 -10707000 -903000 -102480000 -347648000 -3184112000 -19799000 -283840000 -120756000 -3956155000 6952000 274578000 3308081000 -4646000 -3589738000 4773000 -34100000 -45190000 -34122000 -113412000 244543000 244543000 9414000 144879000 94773000 1676000 1550000 183929000 582251000 1018472000 -207000 -11895000 -12102000 629025000 629025000 4873809000 4873809000 18456918000 18456918000 91052000 91052000 7947457000 7947457000 959016000 959016000 961892000 961892000 33919169000 33919169000 629025000 10287766000 43130128000 385341000 7947457000 1711164000 1923505000 66014386000 -5413957000 -24673210000 -294289000 -752148000 -961613000 -32095217000 629025000 629025000 4873809000 4873809000 18456918000 18456918000 91052000 91052000 7947457000 7947457000 959016000 959016000 961892000 961892000 33919169000 33919169000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ScheduleOfEstimatedUsefulLivesTableTextBlock_pn3n3_zBGTSlGpoGlf" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROPERTY, PLANT AND EQUIPMENT (Details 1)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B2_zyKEsEy5caM2" style="display: none">Schedule of average estimated useful lives</span></td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 55%"> </td> <td style="font-weight: bold; width: 22%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 22%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Buildings and Infrastructure</td> <td style="text-align: right"><span id="xdx_906_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zhzTEEEGA5s1" title="Average estimated useful lives">32</span></td> <td> </td> <td style="text-align: right"><span id="xdx_901_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zjdksh1SQMq3" title="Average estimated useful lives">33</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Machinery, equipment and facilities</td> <td style="text-align: right"><span id="xdx_90D_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z5usI6OIUWy4" title="Average estimated useful lives">17</span></td> <td> </td> <td style="text-align: right"><span id="xdx_901_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zDNqoWyJUfNh" title="Average estimated useful lives">17</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Furniture and fixtures</td> <td style="text-align: right"><span id="xdx_900_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_z2jft56semTb" title="Average estimated useful lives">10</span></td> <td> </td> <td style="text-align: right"><span id="xdx_905_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--FixturesAndFittingsMember_zL423jcB10E2" title="Average estimated useful lives">10</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Others</td> <td style="text-align: right"><span id="xdx_908_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zolLSqCnnyX3" title="Average estimated useful lives">11</span></td> <td> </td> <td style="text-align: right"><span id="xdx_90A_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zKSNvnnqMMd3" title="Average estimated useful lives">10</span></td></tr> </table> P32Y P33Y P17Y P17Y P10Y P10Y P11Y P10Y <table border="0" cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfRightsOfUseTableTextBlock_pn3n3_zoTq6leULhV9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROPERTY, PLANT AND EQUIPMENT (Details 2)"> <tr> <td style="padding-left: 15px; vertical-align: bottom; text-align: left; background-color: white"><span id="xdx_8B0_zje9A1wIBU1b" style="display: none">Schedule of the right of use</span></td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left; background-color: white"> </td> <td id="xdx_4BA_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LandMember_zwJJK8lloRG9" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: middle; text-align: center; background-color: white"> </td> <td id="xdx_4BA_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--BuildingsMember_zmvXoL8pJVT5" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4B9_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--MachineryMember_zbbQbCtxsrca" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: middle; text-align: center; background-color: white"> </td> <td id="xdx_4B1_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--OtherPropertyPlantAndEquipmentMember_zSUkKaQOfDA2" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4BC_zPVQijuyO9ad" style="vertical-align: middle; text-align: center; background-color: white"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 39%"> </td> <td style="width: 5%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: white">Ref.</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: white">Land</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Buildings and Infrastructure</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Machinery, equipment and facilities</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Others</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: white">Total</td></tr> <tr id="xdx_43B_c20230101__20231231_eifrs-full--RightofuseAssets_iS_zPhGURJXGS12" style="vertical-align: bottom; background-color: white"> <td style="font-weight: bold">Balance at December 31, 2023</td> <td style="font-weight: bold"> </td> <td id="xdx_988_eifrs-full--RightofuseAssets_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zoefsx8sZYQa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">512,923</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--RightofuseAssets_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_z0kP9DZoeRUb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">86,057</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--RightofuseAssets_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zUf0x3JNTwyl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">54,149</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--RightofuseAssets_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zgezkPFDBENf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">21,657</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--RightofuseAssets_iS_pn3n3_c20230101__20231231_zvLFjImyI8Lj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance"> 674,786</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td id="xdx_98D_ecustom--RightofuseAssetsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zUo3iZSISFjf" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 629,004</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_ecustom--RightofuseAssetsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zN4qMRlF9lIa" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">143,926</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_ecustom--RightofuseAssetsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zxWr0QAnJ3O3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 254,640</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_ecustom--RightofuseAssetsGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zzrlUbOO1TX7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 99,407</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_ecustom--RightofuseAssetsGross_pn3n3_c20230101__20231231_zxRBLUCYLmu9" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">1,126,977</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td id="xdx_98E_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zGbBFyPJVXYc" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(116,081)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_z1LHep36OLo1" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (57,869)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z2J2UVaptONk" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(200,491)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20230101__20231231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zo7UR7t5ea0h" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(77,750)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20230101__20231231_zlpVWAKBwwy6" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(452,191)</td></tr> <tr id="xdx_43E_c20240101__20241231_eifrs-full--RightofuseAssets_iS_zYGsKh2yywZd" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: bottom">Balance at December 31, 2023</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_989_eifrs-full--RightofuseAssets_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zKxFPyJ1YEd6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Right of use, beginning balance">512,923</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_989_eifrs-full--RightofuseAssets_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zQW1u5tS4Zy9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Right of use, beginning balance">86,057</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_eifrs-full--RightofuseAssets_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zDOPzfOL6x62" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Right of use, beginning balance">54,149</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_982_eifrs-full--RightofuseAssets_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zajjiCNMefJj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Right of use, beginning balance">21,657</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--RightofuseAssets_iS_pn3n3_c20240101__20241231_zMg5c8LjBnI3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Right of use, beginning balance"> 674,786</td></tr> <tr id="xdx_403_eifrs-full--IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_zK2V5gXPEV52" style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Effect of foreign exchange differences</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">9,939</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">2,209</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">2,479</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">14,627</td></tr> <tr id="xdx_407_eifrs-full--AdditionsToRightofuseAssets_zeFWLXBFBOY" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Addition</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right">4,272</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">6,549</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">3,296</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">14,117</td></tr> <tr id="xdx_40E_ecustom--RightofuseAssetsRemeasurement_zSMMS9WskRUg" style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Remeasurement</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right">58,103</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">3,627</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">202,990</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">20,813</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 285,533</td></tr> <tr id="xdx_40B_eifrs-full--DepreciationRightofuseAssets_iN_di_zLfUPGJXIjU8" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Depreciation </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (38,290)</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> (16,511)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (150,430)</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> (26,163)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(231,394)</td></tr> <tr id="xdx_40D_ecustom--WriteOffRightOfuseAssets_zhx7orB7oNG3" style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Write-offs</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(855)</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(855)</td></tr> <tr id="xdx_43C_c20250101__20251231_eifrs-full--RightofuseAssets_iS_z3JyjLrxgtw2" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Balance at December 31, 2024</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zPV2VYLIke0h" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">537,008</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zYS4ubZ8zFIb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">83,112</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zXZpURwzU1N7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">114,612</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zB7AtziIp42k" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance">22,082</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231_z3wW7847diFb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, beginning balance"> 756,814</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td id="xdx_983_ecustom--RightofuseAssetsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_z4Myeaw4beK9" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 655,481</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--RightofuseAssetsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zhD6tsrWuLyi" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">150,311</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--RightofuseAssetsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zU1YNJx2fKMj" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 360,925</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--RightofuseAssetsGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zVhUxoFwV00a" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 102,372</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--RightofuseAssetsGross_pn3n3_c20240101__20241231_zBpugsX25Tc6" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">1,269,089</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td id="xdx_98B_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_z8PhhSsjlS5h" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(118,473)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zi7xoTU4DJI4" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (67,199)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zFQv6iyWVbuh" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(246,313)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20240101__20241231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_z4Ep6ALU1Bqd" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(80,290)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20240101__20241231_zYNvUjAx3K5f" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(512,275)</td></tr> <tr id="xdx_437_c20250101__20251231_eifrs-full--RightofuseAssets_iS_z4FQv9I1aae3" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_98E_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zr2OvhA9IpMg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, beginning balance">537,008</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zG9ZVhnZvYa3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, beginning balance">83,112</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zGD9Hw3Sfm01" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, beginning balance">114,612</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zQfu0rBzf01d" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, beginning balance">22,082</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_eifrs-full--RightofuseAssets_iS_pn3n3_c20250101__20251231_zvj9TnS8qpBk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, beginning balance"> 756,814</td></tr> <tr id="xdx_403_eifrs-full--IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_zCyMRCoU6X6g" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Effect of foreign exchange differences</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> (4,622)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 758</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(163)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> (4,027)</td></tr> <tr id="xdx_402_ecustom--AcquisitionOfStakesInSubsidiariesToRightofuseAssets_zdEhl6CwJimf" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Acquisition of stakes in subsidiaries</td> <td style="padding-left: 15px; text-align: left">3</td> <td style="padding-left: 15px; text-align: right"> 183,929</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 183,929</td></tr> <tr id="xdx_407_eifrs-full--AdditionsToRightofuseAssets_zsiHFDpUcKPk" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Addition</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right">5,906</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">1,826</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">61,968</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">2,605</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 72,305</td></tr> <tr id="xdx_406_ecustom--RightofuseAssetsRemeasurement_ztvdJV0h4aLi" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Remeasurement</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right">63,305</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">1,715</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 138,824</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 40,699</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 244,543</td></tr> <tr id="xdx_40B_eifrs-full--DepreciationRightofuseAssets_iN_di_z7rQ0gnHHIIc" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Depreciation </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right"> (63,113)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> (17,914)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(175,799)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(27,014)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(283,840)</td></tr> <tr id="xdx_40D_ecustom--WriteOffRightOfuseAssets_zrdXk9klgca7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Write-offs</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right">(680)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> (10,028)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(10,708)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Balance at December 31, 2025</td> <td style="font-weight: bold"> </td> <td id="xdx_98C_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_z2KjRoxnn9ei" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, ending balance">726,355</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zcD13qw7FThf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, ending balance">64,117</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z0jWSAoNft2k" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, ending balance">130,335</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zVzKlqedG5m8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, ending balance">38,209</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231_z389gEi0XQnb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Right of use, ending balance"> 959,016</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost</td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_982_ecustom--RightofuseAssetsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zhIDaVusIGhh" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 996,234</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--RightofuseAssetsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zKyNwjPoYuea" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">143,181</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_ecustom--RightofuseAssetsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_zQhscZKfk4m1" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 431,606</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--RightofuseAssetsGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zRBPvhzZOP79" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 140,143</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--RightofuseAssetsGross_pn3n3_c20250101__20251231_zZWzEXaAhs42" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">1,711,164</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Accumulated depreciation</td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_983_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zPiSkwEZ4d9h" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(269,879)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zwtyZdqt2x8g" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation"> (79,064)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z4e4oWXej3d9" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(301,271)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zAFAfFRdecfb" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(101,934)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_ecustom--RightofuseAssetsAccumulatedDepreciation_pn3n3_c20250101__20251231_zGVzLPZOPX44" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated depreciation">(752,148)</td></tr> <tr style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_986_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--LandMember_zgqwpmw1MeJ2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, ending balance">726,355</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98B_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zrJsSQ2Mrw1f" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, ending balance">64,117</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember_z0vrlnbga2f7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, ending balance">130,335</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OtherPropertyPlantAndEquipmentMember_zTnO5oMtMy8f" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, ending balance">38,209</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_eifrs-full--RightofuseAssets_iE_pn3n3_c20250101__20251231_zt8EdoITHehf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Right of use, ending balance"> 959,016</td></tr> </table> 512923000 512923000 86057000 86057000 54149000 54149000 21657000 21657000 674786000 674786000 629004000 143926000 254640000 99407000 1126977000 -116081000 -57869000 -200491000 -77750000 -452191000 512923000 512923000 86057000 86057000 54149000 54149000 21657000 21657000 674786000 674786000 9939000 2209000 2479000 14627000 4272000 6549000 3296000 14117000 58103000 3627000 202990000 20813000 285533000 38290000 16511000 150430000 26163000 231394000 -855000 -855000 537008000 537008000 83112000 83112000 114612000 114612000 22082000 22082000 756814000 756814000 655481000 150311000 360925000 102372000 1269089000 -118473000 -67199000 -246313000 -80290000 -512275000 537008000 537008000 83112000 83112000 114612000 114612000 22082000 22082000 756814000 756814000 -4622000 758000 -163000 -4027000 183929000 183929000 5906000 1826000 61968000 2605000 72305000 63305000 1715000 138824000 40699000 244543000 63113000 17914000 175799000 27014000 283840000 -680000 -10028000 -10708000 726355000 64117000 130335000 38209000 959016000 996234000 143181000 431606000 140143000 1711164000 -269879000 -79064000 -301271000 -101934000 -752148000 726355000 64117000 130335000 38209000 959016000 <p id="xdx_80F_eifrs-full--DisclosureOfIntangibleAssetsExplanatory_zQO2CJDSOT8h" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>12.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_828_zZAA8lg5Q1Yh">INTANGIBLE ASSETS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Composition of Consolidated’s intangible assets as of December 31, 2025 and 2024, respectively:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfIntangibleAssetsTableTextBlock_zLoQhiZEnmF6" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INTANGIBLE ASSETS (Details)"> <tr> <td style="padding-left: 15px; vertical-align: middle; text-align: left; background-color: white"><span id="xdx_8B7_zRy7HPXc3tMf" style="display: none">Schedule of  intangible assets</span></td> <td style="font-weight: bold; vertical-align: bottom; background-color: white"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; background-color: white"> </td> <td style="font-weight: bold; vertical-align: bottom; background-color: white"> </td> <td id="xdx_4BD_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--GoodwillMember_zzxQkbppZuhc" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4B7_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--CustomerrelatedIntangibleAssetsMember_zquW1LvGg4ad" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4B0_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--ComputerSoftwareMember_zphPIUoVJJo2" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4BA_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_custom--TrademarksAndPatentsMember_z9F5iJbINi8j" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4B7_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--LicencesMember_z74piLK8dOGh" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4B4_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--OtherIntangibleAssetsMember_zuCHWP0S2Wf8" style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4BA_ztHMCN0M8Bz3" style="vertical-align: middle; text-align: center; background-color: white"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 37%"> </td> <td style="width: 1%"> </td> <td style="width: 3%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Goodwill</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Customer relationships</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Software</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Trademarks<br/> and<br/> patents</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Rights and licenses<br/> (*)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Others</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr id="xdx_437_c20230101__20231231_eifrs-full--IntangibleAssetsAndGoodwill_iS_zoo6T3jWYdtd"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_98C_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zl1wWDXDtrK4" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 4,126,255</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_z3hGX4y2EOZe" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 85,276</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zF6xdSDxfkIg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">17,708</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zikglcMElbtb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">213,997</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zHc35ccA4OXe" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 6,090,962</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zsRBug83twM6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">2,283</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231_zIN7oFkiwHp" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">10,536,481</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Cost </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_98F_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zc9bjVtnUUMd" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 4,675,302</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_z5dFVqh9nrn9" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 718,929</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zEbvzbHgPd59" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 276,617</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zKAL8PFnypL7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">217,560</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zLJIaEM7GVUe" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 6,431,706</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_z6117Q1N0Ge3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">2,283</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231_ztq01btv5gsf" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">12,322,397</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Accumulated amortization </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_98A_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zBHBR2uFgzl3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (549,047)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zjlHbsKDVLMa" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(633,653)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zXsk7Gb3phs7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(258,909)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zStQRgCurSC7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (3,563)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zkxbA2hE0Id5" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (340,744)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231_zLQsAm4t1MW8" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(1,785,916)</td></tr> <tr id="xdx_433_c20240101__20241231_eifrs-full--IntangibleAssetsAndGoodwill_iS_zVrnTgohILil" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_985_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_ztTQaBN8OLda" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance"> 4,126,255</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zfF0HuiBsHjg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance">85,276</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zNgZqnUkEYR4" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance">17,708</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zbz9XtjviBx7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance">213,997</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zqAhTlptPr0h" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance"> 6,090,962</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_z4i21Gtj4bcd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance">2,283</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231_zJryfpSeSFs7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance"> 10,536,481</td></tr> <tr id="xdx_407_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_zuutUUE06wG9" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Effect of foreign exchange differences</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">4,748</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 504</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">36,655</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">41,907</td></tr> <tr id="xdx_400_eifrs-full--AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_zvizpXhO1xil" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Acquisitions</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">2,956</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 2,956</td></tr> <tr id="xdx_402_eifrs-full--IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_zCXeNkLCVq1f" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Transfer between groups - fixed assets</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">70,819</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 3,644</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">74,463</td></tr> <tr id="xdx_403_ecustom--Writeoffs_zDvNPKeA9OQ1" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Write-offs</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(798)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (798)</td></tr> <tr id="xdx_404_eifrs-full--AmortisationIntangibleAssetsOtherThanGoodwill_iN_di_z09hJ9F3MT9k" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Amortization</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (49,785)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (26,975)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (4)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (141,446)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (218,210)</td></tr> <tr id="xdx_401_eifrs-full--IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment_z62HuFMVt7Y5" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Transfers to other asset categories</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">49,786</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 1,780</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (51,566)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--OthersIntangibleAssets_zUzybi3PI1Qi" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Others</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 1,292</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 1,292</td></tr> <tr id="xdx_436_c20250101__20251231_eifrs-full--IntangibleAssetsAndGoodwill_iS_z9Ddn4tZpJok" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_982_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_z3PgbC1CK2A6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 4,126,255</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_980_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zpGpiEcOnnxf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 40,239</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zXtHfYPSMNzj" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 114,000</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_z5eWNfhooaN" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">252,428</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_z8NjdnlIryNf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 5,902,886</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zb0T39yBR1Ac" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">2,283</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231_zh0zRvUYnFaf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">10,438,091</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Cost </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_986_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zwVcNsRAYHNc" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 4,675,302</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_z1qA5FfsgCga" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 858,748</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zsGUw6S6CP3i" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 389,604</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zlX8ukoKeMqi" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">256,085</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zse8GJu5cK6d" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 6,384,805</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zytNdzt6ZVwh" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">2,283</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231_zewaYhjcxTV7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">12,566,827</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Accumulated amortization </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_98B_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_z6sbhQEEC2h" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (549,047)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zAChlRnO3EL8" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(818,509)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zRtePA14BXW7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(275,604)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zFRpstoGxHo4" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (3,657)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zWbLpEw6fr77" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (481,919)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231_zpanFEDItYxe" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(2,128,736)</td></tr> <tr id="xdx_436_c20250101__20251231_eifrs-full--IntangibleAssetsAndGoodwill_iS_zjxhTFPz9Nsd" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_989_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_znwMk2UJIEEg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 4,126,255</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_ziYpwTLUnzh9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 40,239</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zMx73v8OJI74" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 114,000</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zn2fE0d6DAP1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">252,428</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zEU3Kv2DaKm1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 5,902,886</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zzgfYXouslt5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">2,283</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231_z5oCASZeROrg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">10,438,091</td></tr> <tr id="xdx_407_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_zIz2GDhFg799" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Effect of foreign exchange differences </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 15</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 37</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">734</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">262</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">1,048</td></tr> <tr id="xdx_400_eifrs-full--AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_zqPqFJP7Tn66" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Acquisitions </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">2,977</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">2,977</td></tr> <tr id="xdx_402_eifrs-full--IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_zin3jPat8Y34" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Transfer between groups - fixed assets </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">45,190</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">45,190</td></tr> <tr id="xdx_404_eifrs-full--AmortisationIntangibleAssetsOtherThanGoodwill_iN_di_zYWs4Wu78C5b" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Amortization </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">28</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (9,669)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (36,325)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (17)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (144,393)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (190,404)</td></tr> <tr id="xdx_401_eifrs-full--IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment_zm93rIFtM3Cb" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Transfers to other asset categories </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">(13,715)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">21,300</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">339</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (5,652)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (2,272)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AcquisitionOfStakesInSubsidiariesIntangibleAssets_zxH7ph4x93d1" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Acquisition of stakes in subsidiaries </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">653,074</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">8,247</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">1,044</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">45,280</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">707,645</td></tr> <tr id="xdx_407_ecustom--OthersIntangibleAssets_zgOlbJQyZ338" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Others </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">1,578</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">1,578</td></tr> <tr id="xdx_43A_c20250101__20251231_eifrs-full--IntangibleAssetsAndGoodwill_iE_zCrju3Wo4ma6" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_986_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_z6ngSqK45rm5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 4,779,329</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zAJ42lex7y9l" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 25,117</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zj1ykCNSgf3a" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 148,223</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zPnRgcHctVB" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance">298,764</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zxWNWeb9Iooj" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 5,754,681</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zF8FiqXFeRQg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 11</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231_zYeMgpzwT5p7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance">11,006,125</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Cost </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_98F_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zDgeyxQbIG4l" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 5,328,376</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zonJqgOp7vGl" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 881,322</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zh3UKnbiNafd" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 436,871</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zCVs8KPZ6Qpf" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">302,347</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_z9jL9uxEpeTg" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 6,383,219</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zj6T9q66815e" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 11</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231_zqXGIKYb7VWa" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">13,332,146</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Accumulated amortization </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_986_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_ztfiH45GhWrl" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (549,047)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zjTw7uimeY4c" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(856,205)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zoK4knKu8sci" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(288,648)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zvdnJMhh0cwe" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (3,583)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zAjek8ujC0Wf" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (628,538)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_980_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231_zAdP8clS73O3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(2,326,021)</td></tr> <tr id="xdx_439_c20250101__20251231_eifrs-full--IntangibleAssetsAndGoodwill_iE_zp56nriOm1Qe" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_989_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zKJWUE4d0UZj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 4,779,329</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zveiUlATktc2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 25,117</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zqzWiNyazeli" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 148,223</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zJq3iffhWTF6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance">298,764</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zWyRt9OMnbJ6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 5,754,681</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zDubMUGB9Qo2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 11</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231_zU1itqNzPN2c" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance">11,006,125</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Composed mainly of: (i) mining rights amortized by production volume and (ii) Concession contract for hydroelectric resource utilization in acquiring control of Companhia Estadual de Geração de Energia Elétrica- CEEE-G, with amortization performed over the contract's term.</td></tr> </table> <p id="xdx_8AB_zmunuLBAyiEh" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>12.a)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Goodwill Impairment Test </b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Goodwill arising from expected future profitability of acquired companies and intangible assets of brands with indefinite useful lives were allocated to CSN's operating divisions (CGUs), which represent the lowest level of assets or group of assets of the Group.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfCashGeneratingUnitsTableTextBlock_pn3n3_z9xh4KC3f9L1" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INTANGIBLE ASSETS (Details 1)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BB_zp0kn1t2Zmq3" style="display: none">Schedule of goodwill impairment test</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 21%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%">Consolidated</td></tr> <tr style="background-color: white"> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td colspan="4" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Goodwill</td> <td colspan="4" style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Trademarks</td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr style="vertical-align: middle"> <td rowspan="2" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Cash generating unity</td> <td style="font-weight: bold"> </td> <td rowspan="2" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Segment</td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td rowspan="2" style="font-weight: bold; text-align: center">12/31/2024</td> <td style="font-weight: bold; text-align: right"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2024</td> <td style="font-weight: bold; text-align: right; background-color: white"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right; background-color: white"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Packaging <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Steel </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--PackagingMember_z6kCUvzOIsnc" style="border-top: Black 0.5pt solid; text-align: right" title="Cash generating unity">170,163</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--PackagingMember_z7rssY50g7s2" style="border-top: Black 0.5pt solid; text-align: right" title="Cash generating unity">170,163</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; text-align: right"></td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--PackagingMember_zZPhkBuY8FOa" style="border-top: Black 0.5pt solid; text-align: right" title="Cash generating unity"> 170,163</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--PackagingMember_zLFyYL8XvM0f" style="border-top: Black 0.5pt solid; text-align: right" title="Cash generating unity">170,163</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Long steel <span style="font: normal 400 8pt Helvetica light">⁽²⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Steel </td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_zJ6soPCB8Isc" style="text-align: right" title="Cash generating unity">235,595</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_z6NLbplNNZh4" style="text-align: right" title="Cash generating unity">235,595</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_zkrToqwzi9r2" style="text-align: right" title="Cash generating unity">218,614</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_zsWljmwHnFC1" style="text-align: right" title="Cash generating unity">217,538</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_z3sZmXMygSxl" style="text-align: right" title="Cash generating unity"> 454,209</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_zorJhE1eaFZ3" style="text-align: right" title="Cash generating unity">453,133</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Mining <span style="font: normal 400 8pt Helvetica light">⁽³⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Mining </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_z5aJTblVfGCc" style="text-align: right" title="Cash generating unity"> 3,236,402</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zYMai4j4SKP7" style="text-align: right" title="Cash generating unity">3,236,402</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zLu42grd5nFg" style="text-align: right" title="Cash generating unity">3,236,402</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zCKBzwTcFY2i" style="text-align: right" title="Cash generating unity">3,236,402</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Cements <span style="font: normal 400 8pt Helvetica light">⁽⁴⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Cement </td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_zkgYwiAaPUSe" style="text-align: right" title="Cash generating unity">468,870</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_zlYhQr9ALWn8" style="text-align: right" title="Cash generating unity">468,870</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_z7l36MEygXub" style="text-align: right" title="Cash generating unity"> 34,835</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_zgPiReXmXGsh" style="text-align: right" title="Cash generating unity">34,822</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_z551FJzXriMe" style="text-align: right" title="Cash generating unity"> 503,705</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_zQeMZVQbGUQ1" style="text-align: right" title="Cash generating unity">503,692</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Road logistics<span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Logistics </td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadLogisticsMember_zGEd2s8hX2Sb" style="text-align: right" title="Cash generating unity">613,911</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadLogisticsMember_zRhueeMD8sTe" style="text-align: right" title="Cash generating unity"> 613,911</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Services<span style="font: normal 400 8pt Helvetica light">⁽⁶⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Others </td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--ServicesMember_zAlNPdaNZLUc" style="text-align: right" title="Cash generating unity">54,388</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--ServicesMember_zkXNNXS1aQe9" style="text-align: right" title="Cash generating unity">15,225</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--ServicesMember_zkYaXWSgMtvf" style="text-align: right" title="Cash generating unity"> 54,388</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--ServicesMember_zgUdnpHJfNwl" style="text-align: right" title="Cash generating unity">15,225</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zwnToaHGERNl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity"> 4,779,329</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zBpRAta6HYtj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity">4,126,255</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember_z8HxmvuL0fQc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity">253,449</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember_zx4FKM8lJF4a" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity">252,360</td> <td style="font-weight: bold"> </td> <td id="xdx_985_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231_zL3ByRDk3WN" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity">5,032,778</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231_zBslI5zBVAX7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity">4,378,615</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Acquisition of CBL Group in 2011 and Metalgráfica Iguaçu in 2022 by Prada</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">Acquisition of Stahlwerk Thuringen GmbH (“SWT”) and Gallardo Sections in 2012 by CSN</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">Acquisition of Namisa in 2015 by CSN Mineração</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(4)</td> <td style="text-align: justify; width: 98%">Acquisition of Elizabeth Cimentos S.A. in 2021 and CSN Cimentos Brasil S.A in 2022 by CSN</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(5)</td> <td style="text-align: justify; width: 98%">Transaction related to the acquisition of participation in the Estrela Comércio e Participações S.A Group (see note 3)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(6)</td> <td style="text-align: justify; width: 98%">Acquisition of CBSI in 2019 by CSN and Global Dot (see note 3).</td></tr> </table> <p id="xdx_8AC_zB21uS8isfn3" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The estimated average useful lives for the period are as follows (in years):</p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89C_ecustom--ScheduleOfAverageUsefulLifeByNatureTableTextBlock_pn3n3_zdjZhhLHNvif" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INTANGIBLE ASSETS (Details 2)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B8_zmcP2D9mhAMh" style="display: none">Schedule of average estimated useful lives</span></td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 45%"> </td> <td style="font-weight: bold; width: 27%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 27%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Software</td> <td style="text-align: right"><span id="xdx_908_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_z6lotqT9yFp6" title="Average useful lives">8</span></td> <td> </td> <td style="text-align: right"><span id="xdx_90A_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_z42zsRVK9uI" title="Average useful lives">8</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Customer relationships</td> <td style="text-align: right"><span id="xdx_905_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zMvDAYIKxpkj" title="Average useful lives">13</span></td> <td> </td> <td style="text-align: right"><span id="xdx_902_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zuDYsWLWWoSk" title="Average useful lives">13</span></td></tr> </table> <p id="xdx_8AC_zYECRUm7m8L7" style="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><span style="font-family: Helvetica light,serif"><b></b></span></p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 12pt/115% Times New Roman,serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt; line-height: 115%"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Intangible assets basically comprise assets acquired from third parties, including through a business combination. These assets are recorded at acquisition or formation cost and deducted from amortization calculated using the straight-line method based on the economic useful life of each asset, within the estimated exploration or recovery periods. The cost of intangible assets acquired as part of a business combination corresponds to fair value at the acquisition date.</p> <p style="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Mineral exploration rights are classified as rights and licenses in the intangible asset group.</p> <p style="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Intangible assets with indefinite useful lives are not amortized.</p> <p style="font: 12pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Goodwill</b></span></td></tr></table> <p style="font: 10pt Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Goodwill is represented by the positive difference between the amount paid and/or payable for the acquisition of a business and the net amount of the fair value of the assets and liabilities acquired. The goodwill from business combinations is recorded as an intangible asset in the consolidated financial statements. In the individual balance sheet goodwill is included in investments. Gains from advantageous purchases are recorded as gain in profit or loss for the year on the acquisition date. Goodwill is tested annually to verify losses (impairment) or at any time whenever circumstances indicate a possible loss. Impairment losses recognized on goodwill are not reversed. Gains and losses from the disposal of a Cash-generating Unit (“CGU”) include the carrying amount of goodwill related to the CGU sold.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Times New Roman,serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">        </span><span style="font-family: Helvetica light,serif"><b>Trademarks and Patents</b></span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Acquired trademarks and patents are registered at historical cost. Whenever trademarks and patents arise from business combinations, they are initially recognized at fair value as of the acquisition date. Amortization of trademarks and patents with a defined useful life is calculated using the straight-line method over the estimated period of economic benefit.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Times New Roman,serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">        </span> <span style="font-family: Helvetica light,serif"><b>Customer Portfolio</b></span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Customer relationships arising from business combinations are recognized as identifiable intangible assets (customer portfolio) at fair value as of the acquisition date. Amortization is calculated using the straight-line method based on estimated useful life.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Rights and Licenses</b></span></td></tr></table> <p style="font: 12pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Rights and licenses are measured at acquisition cost whenever they are obtained independently. When they acquired as part of business combinations, rights and licenses are recognized as identifiable intangible assets at fair value as of the acquisition date. In the specific case of mining rights, amortization is appropriated under the method of units produced, which is based on the deposit’s economic depletion and the volume of estimated mineral reserves. These figures reflect the consumption pattern of future economic benefits. For remaining rights and licenses with a defined useful life, amortization is calculated using the straight-line method over the estimated period of economic benefit.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfIntangibleAssetsTableTextBlock_zLoQhiZEnmF6" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INTANGIBLE ASSETS (Details)"> <tr> <td style="padding-left: 15px; vertical-align: middle; text-align: left; background-color: white"><span id="xdx_8B7_zRy7HPXc3tMf" style="display: none">Schedule of  intangible assets</span></td> <td style="font-weight: bold; vertical-align: bottom; background-color: white"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; background-color: white"> </td> <td style="font-weight: bold; vertical-align: bottom; background-color: white"> </td> <td id="xdx_4BD_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--GoodwillMember_zzxQkbppZuhc" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4B7_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--CustomerrelatedIntangibleAssetsMember_zquW1LvGg4ad" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4B0_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--ComputerSoftwareMember_zphPIUoVJJo2" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4BA_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_custom--TrademarksAndPatentsMember_z9F5iJbINi8j" style="vertical-align: middle; text-align: center; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4B7_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--LicencesMember_z74piLK8dOGh" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4B4_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--OtherIntangibleAssetsMember_zuCHWP0S2Wf8" style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right; background-color: white"> </td> <td id="xdx_4BA_ztHMCN0M8Bz3" style="vertical-align: middle; text-align: center; background-color: white"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 37%"> </td> <td style="width: 1%"> </td> <td style="width: 3%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 6%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Goodwill</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Customer relationships</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Software</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Trademarks<br/> and<br/> patents</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Rights and licenses<br/> (*)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Others</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr id="xdx_437_c20230101__20231231_eifrs-full--IntangibleAssetsAndGoodwill_iS_zoo6T3jWYdtd"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_98C_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zl1wWDXDtrK4" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 4,126,255</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_z3hGX4y2EOZe" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 85,276</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zF6xdSDxfkIg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">17,708</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zikglcMElbtb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">213,997</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zHc35ccA4OXe" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 6,090,962</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zsRBug83twM6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">2,283</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20230101__20231231_zIN7oFkiwHp" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">10,536,481</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Cost </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_98F_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zc9bjVtnUUMd" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 4,675,302</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_z5dFVqh9nrn9" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 718,929</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zEbvzbHgPd59" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 276,617</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zKAL8PFnypL7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">217,560</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zLJIaEM7GVUe" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 6,431,706</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_z6117Q1N0Ge3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">2,283</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20230101__20231231_ztq01btv5gsf" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">12,322,397</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Accumulated amortization </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_98A_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zBHBR2uFgzl3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (549,047)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zjlHbsKDVLMa" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(633,653)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zXsk7Gb3phs7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(258,909)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zStQRgCurSC7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (3,563)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zkxbA2hE0Id5" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (340,744)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20230101__20231231_zLQsAm4t1MW8" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(1,785,916)</td></tr> <tr id="xdx_433_c20240101__20241231_eifrs-full--IntangibleAssetsAndGoodwill_iS_zVrnTgohILil" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2023</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_985_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_ztTQaBN8OLda" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance"> 4,126,255</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zfF0HuiBsHjg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance">85,276</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zNgZqnUkEYR4" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance">17,708</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zbz9XtjviBx7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance">213,997</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zqAhTlptPr0h" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance"> 6,090,962</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_z4i21Gtj4bcd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance">2,283</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20240101__20241231_zJryfpSeSFs7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Intangible assets, beginning balance"> 10,536,481</td></tr> <tr id="xdx_407_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_zuutUUE06wG9" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Effect of foreign exchange differences</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">4,748</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 504</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">36,655</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">41,907</td></tr> <tr id="xdx_400_eifrs-full--AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_zvizpXhO1xil" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Acquisitions</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">2,956</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 2,956</td></tr> <tr id="xdx_402_eifrs-full--IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_zCXeNkLCVq1f" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Transfer between groups - fixed assets</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">70,819</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 3,644</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">74,463</td></tr> <tr id="xdx_403_ecustom--Writeoffs_zDvNPKeA9OQ1" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Write-offs</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(798)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (798)</td></tr> <tr id="xdx_404_eifrs-full--AmortisationIntangibleAssetsOtherThanGoodwill_iN_di_z09hJ9F3MT9k" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Amortization</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (49,785)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (26,975)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (4)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (141,446)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (218,210)</td></tr> <tr id="xdx_401_eifrs-full--IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment_z62HuFMVt7Y5" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Transfers to other asset categories</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">49,786</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 1,780</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (51,566)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--OthersIntangibleAssets_zUzybi3PI1Qi" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Others</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 1,292</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 1,292</td></tr> <tr id="xdx_436_c20250101__20251231_eifrs-full--IntangibleAssetsAndGoodwill_iS_z9Ddn4tZpJok" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_982_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_z3PgbC1CK2A6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 4,126,255</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_980_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zpGpiEcOnnxf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 40,239</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zXtHfYPSMNzj" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 114,000</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_z5eWNfhooaN" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">252,428</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_z8NjdnlIryNf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 5,902,886</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zb0T39yBR1Ac" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">2,283</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231_zh0zRvUYnFaf" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">10,438,091</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Cost </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_986_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zwVcNsRAYHNc" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 4,675,302</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_z1qA5FfsgCga" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 858,748</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zsGUw6S6CP3i" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 389,604</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zlX8ukoKeMqi" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">256,085</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zse8GJu5cK6d" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 6,384,805</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zytNdzt6ZVwh" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">2,283</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20240101__20241231_zewaYhjcxTV7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">12,566,827</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Accumulated amortization </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_98B_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_z6sbhQEEC2h" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (549,047)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zAChlRnO3EL8" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(818,509)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zRtePA14BXW7" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(275,604)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zFRpstoGxHo4" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (3,657)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zWbLpEw6fr77" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (481,919)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20240101__20241231_zpanFEDItYxe" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(2,128,736)</td></tr> <tr id="xdx_436_c20250101__20251231_eifrs-full--IntangibleAssetsAndGoodwill_iS_zjxhTFPz9Nsd" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_989_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_znwMk2UJIEEg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 4,126,255</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_ziYpwTLUnzh9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 40,239</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zMx73v8OJI74" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 114,000</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zn2fE0d6DAP1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">252,428</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zEU3Kv2DaKm1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance"> 5,902,886</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_982_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zzgfYXouslt5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">2,283</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_987_eifrs-full--IntangibleAssetsAndGoodwill_iS_pn3n3_c20250101__20251231_z5oCASZeROrg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, beginning balance">10,438,091</td></tr> <tr id="xdx_407_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_zIz2GDhFg799" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Effect of foreign exchange differences </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 15</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 37</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">734</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">262</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">1,048</td></tr> <tr id="xdx_400_eifrs-full--AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_zqPqFJP7Tn66" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Acquisitions </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">2,977</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">2,977</td></tr> <tr id="xdx_402_eifrs-full--IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_zin3jPat8Y34" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Transfer between groups - fixed assets </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">45,190</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">45,190</td></tr> <tr id="xdx_404_eifrs-full--AmortisationIntangibleAssetsOtherThanGoodwill_iN_di_zYWs4Wu78C5b" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Amortization </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">28</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (9,669)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (36,325)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (17)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (144,393)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (190,404)</td></tr> <tr id="xdx_401_eifrs-full--IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment_zm93rIFtM3Cb" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Transfers to other asset categories </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">(13,715)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">21,300</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">339</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (5,652)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right"> (2,272)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AcquisitionOfStakesInSubsidiariesIntangibleAssets_zxH7ph4x93d1" style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Acquisition of stakes in subsidiaries </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">653,074</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">8,247</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">1,044</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">45,280</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">707,645</td></tr> <tr id="xdx_407_ecustom--OthersIntangibleAssets_zgOlbJQyZ338" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Others </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: right">1,578</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">1,578</td></tr> <tr id="xdx_43A_c20250101__20251231_eifrs-full--IntangibleAssetsAndGoodwill_iE_zCrju3Wo4ma6" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_986_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_z6ngSqK45rm5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 4,779,329</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zAJ42lex7y9l" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 25,117</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zj1ykCNSgf3a" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 148,223</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zPnRgcHctVB" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance">298,764</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zxWNWeb9Iooj" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 5,754,681</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zF8FiqXFeRQg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 11</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231_zYeMgpzwT5p7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance">11,006,125</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Cost </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_98F_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zDgeyxQbIG4l" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 5,328,376</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zonJqgOp7vGl" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 881,322</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zh3UKnbiNafd" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 436,871</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zCVs8KPZ6Qpf" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">302,347</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_z9jL9uxEpeTg" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 6,383,219</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_985_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zj6T9q66815e" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost"> 11</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_ecustom--IntangibleAssetsAndGoodwillGross_pn3n3_c20250101__20251231_zqXGIKYb7VWa" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Cost">13,332,146</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> Accumulated amortization </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_986_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_ztfiH45GhWrl" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (549,047)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_988_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zjTw7uimeY4c" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(856,205)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zoK4knKu8sci" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(288,648)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zvdnJMhh0cwe" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (3,583)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zAjek8ujC0Wf" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization"> (628,538)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_980_ecustom--AccumulatedAmortizationOfIntangibleAssetsAndGoodwill_pn3n3_c20250101__20251231_zAdP8clS73O3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Accumulated amortization">(2,326,021)</td></tr> <tr id="xdx_439_c20250101__20251231_eifrs-full--IntangibleAssetsAndGoodwill_iE_zp56nriOm1Qe" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Balance at December 31, 2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: left"> </td> <td id="xdx_989_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zKJWUE4d0UZj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 4,779,329</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zveiUlATktc2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 25,117</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zqzWiNyazeli" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 148,223</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98F_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarksAndPatentsMember_zJq3iffhWTF6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance">298,764</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--LicencesMember_zWyRt9OMnbJ6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 5,754,681</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_989_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--OtherIntangibleAssetsMember_zDubMUGB9Qo2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance"> 11</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98A_eifrs-full--IntangibleAssetsAndGoodwill_iE_pn3n3_c20250101__20251231_zU1itqNzPN2c" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right" title="Intangible assets, endning balance">11,006,125</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Composed mainly of: (i) mining rights amortized by production volume and (ii) Concession contract for hydroelectric resource utilization in acquiring control of Companhia Estadual de Geração de Energia Elétrica- CEEE-G, with amortization performed over the contract's term.</td></tr> </table> 4126255000 4126255000 85276000 85276000 17708000 17708000 213997000 213997000 6090962000 6090962000 2283000 2283000 10536481000 10536481000 4675302000 718929000 276617000 217560000 6431706000 2283000 12322397000 -549047000 -633653000 -258909000 -3563000 -340744000 -1785916000 4126255000 4126255000 85276000 85276000 17708000 17708000 213997000 213997000 6090962000 6090962000 2283000 2283000 10536481000 10536481000 4748000 504000 36655000 41907000 2956000 2956000 70819000 3644000 74463000 -798000 -798000 49785000 26975000 4000 141446000 218210000 49786000 1780000 -51566000 1292000 1292000 4126255000 4126255000 40239000 40239000 114000000 114000000 252428000 252428000 5902886000 5902886000 2283000 2283000 10438091000 10438091000 4675302000 858748000 389604000 256085000 6384805000 2283000 12566827000 -549047000 -818509000 -275604000 -3657000 -481919000 -2128736000 4126255000 4126255000 40239000 40239000 114000000 114000000 252428000 252428000 5902886000 5902886000 2283000 2283000 10438091000 10438091000 15000 37000 734000 262000 1048000 2977000 2977000 45190000 45190000 9669000 36325000 17000 144393000 190404000 -13715000 21300000 339000 -5652000 -2272000 653074000 8247000 1044000 45280000 707645000 1578000 1578000 4779329000 4779329000 25117000 25117000 148223000 148223000 298764000 298764000 5754681000 5754681000 11000 11000 11006125000 11006125000 5328376000 881322000 436871000 302347000 6383219000 11000 13332146000 -549047000 -856205000 -288648000 -3583000 -628538000 -2326021000 4779329000 4779329000 25117000 25117000 148223000 148223000 298764000 298764000 5754681000 5754681000 11000 11000 11006125000 11006125000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfCashGeneratingUnitsTableTextBlock_pn3n3_z9xh4KC3f9L1" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INTANGIBLE ASSETS (Details 1)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BB_zp0kn1t2Zmq3" style="display: none">Schedule of goodwill impairment test</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 21%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%">Consolidated</td></tr> <tr style="background-color: white"> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td colspan="4" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Goodwill</td> <td colspan="4" style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Trademarks</td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr style="vertical-align: middle"> <td rowspan="2" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Cash generating unity</td> <td style="font-weight: bold"> </td> <td rowspan="2" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Segment</td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td rowspan="2" style="font-weight: bold; text-align: center">12/31/2024</td> <td style="font-weight: bold; text-align: right"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2024</td> <td style="font-weight: bold; text-align: right; background-color: white"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right; background-color: white"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Packaging <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Steel </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--PackagingMember_z6kCUvzOIsnc" style="border-top: Black 0.5pt solid; text-align: right" title="Cash generating unity">170,163</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--PackagingMember_z7rssY50g7s2" style="border-top: Black 0.5pt solid; text-align: right" title="Cash generating unity">170,163</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; text-align: right"></td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--PackagingMember_zZPhkBuY8FOa" style="border-top: Black 0.5pt solid; text-align: right" title="Cash generating unity"> 170,163</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--PackagingMember_zLFyYL8XvM0f" style="border-top: Black 0.5pt solid; text-align: right" title="Cash generating unity">170,163</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Long steel <span style="font: normal 400 8pt Helvetica light">⁽²⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Steel </td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_zJ6soPCB8Isc" style="text-align: right" title="Cash generating unity">235,595</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_z6NLbplNNZh4" style="text-align: right" title="Cash generating unity">235,595</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_zkrToqwzi9r2" style="text-align: right" title="Cash generating unity">218,614</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_zsWljmwHnFC1" style="text-align: right" title="Cash generating unity">217,538</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_z3sZmXMygSxl" style="text-align: right" title="Cash generating unity"> 454,209</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LongSteelMember_zorJhE1eaFZ3" style="text-align: right" title="Cash generating unity">453,133</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Mining <span style="font: normal 400 8pt Helvetica light">⁽³⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Mining </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_z5aJTblVfGCc" style="text-align: right" title="Cash generating unity"> 3,236,402</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zYMai4j4SKP7" style="text-align: right" title="Cash generating unity">3,236,402</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zLu42grd5nFg" style="text-align: right" title="Cash generating unity">3,236,402</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zCKBzwTcFY2i" style="text-align: right" title="Cash generating unity">3,236,402</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Cements <span style="font: normal 400 8pt Helvetica light">⁽⁴⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Cement </td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_zkgYwiAaPUSe" style="text-align: right" title="Cash generating unity">468,870</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_zlYhQr9ALWn8" style="text-align: right" title="Cash generating unity">468,870</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_z7l36MEygXub" style="text-align: right" title="Cash generating unity"> 34,835</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_zgPiReXmXGsh" style="text-align: right" title="Cash generating unity">34,822</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_z551FJzXriMe" style="text-align: right" title="Cash generating unity"> 503,705</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementsMember_zQeMZVQbGUQ1" style="text-align: right" title="Cash generating unity">503,692</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Road logistics<span style="font: normal 400 8pt Helvetica light">⁽⁵⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Logistics </td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadLogisticsMember_zGEd2s8hX2Sb" style="text-align: right" title="Cash generating unity">613,911</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadLogisticsMember_zRhueeMD8sTe" style="text-align: right" title="Cash generating unity"> 613,911</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Services<span style="font: normal 400 8pt Helvetica light">⁽⁶⁾</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> Others </td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--ServicesMember_zAlNPdaNZLUc" style="text-align: right" title="Cash generating unity">54,388</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--ServicesMember_zkXNNXS1aQe9" style="text-align: right" title="Cash generating unity">15,225</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--ServicesMember_zkYaXWSgMtvf" style="text-align: right" title="Cash generating unity"> 54,388</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--ServicesMember_zgUdnpHJfNwl" style="text-align: right" title="Cash generating unity">15,225</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zwnToaHGERNl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity"> 4,779,329</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--GoodwillMember_zBpRAta6HYtj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity">4,126,255</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember_z8HxmvuL0fQc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity">253,449</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--TrademarkMember_zx4FKM8lJF4a" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity">252,360</td> <td style="font-weight: bold"> </td> <td id="xdx_985_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231_zL3ByRDk3WN" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity">5,032,778</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231_zBslI5zBVAX7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Cash generating unity">4,378,615</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Acquisition of CBL Group in 2011 and Metalgráfica Iguaçu in 2022 by Prada</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">Acquisition of Stahlwerk Thuringen GmbH (“SWT”) and Gallardo Sections in 2012 by CSN</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">Acquisition of Namisa in 2015 by CSN Mineração</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(4)</td> <td style="text-align: justify; width: 98%">Acquisition of Elizabeth Cimentos S.A. in 2021 and CSN Cimentos Brasil S.A in 2022 by CSN</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(5)</td> <td style="text-align: justify; width: 98%">Transaction related to the acquisition of participation in the Estrela Comércio e Participações S.A Group (see note 3)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(6)</td> <td style="text-align: justify; width: 98%">Acquisition of CBSI in 2019 by CSN and Global Dot (see note 3).</td></tr> </table> 170163000 170163000 170163000 170163000 235595000 235595000 218614000 217538000 454209000 453133000 3236402000 3236402000 3236402000 3236402000 468870000 468870000 34835000 34822000 503705000 503692000 613911000 613911000 54388000 15225000 54388000 15225000 4779329000 4126255000 253449000 252360000 5032778000 4378615000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89C_ecustom--ScheduleOfAverageUsefulLifeByNatureTableTextBlock_pn3n3_zdjZhhLHNvif" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INTANGIBLE ASSETS (Details 2)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B8_zmcP2D9mhAMh" style="display: none">Schedule of average estimated useful lives</span></td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 45%"> </td> <td style="font-weight: bold; width: 27%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 27%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; background-color: white"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Software</td> <td style="text-align: right"><span id="xdx_908_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_z6lotqT9yFp6" title="Average useful lives">8</span></td> <td> </td> <td style="text-align: right"><span id="xdx_90A_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_z42zsRVK9uI" title="Average useful lives">8</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Customer relationships</td> <td style="text-align: right"><span id="xdx_905_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zMvDAYIKxpkj" title="Average useful lives">13</span></td> <td> </td> <td style="text-align: right"><span id="xdx_902_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20240101__20241231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zuDYsWLWWoSk" title="Average useful lives">13</span></td></tr> </table> P8Y P8Y P13Y P13Y <p id="xdx_804_ecustom--DisclosureOfImpairmentOfAssetExplanatory_zBKBeSVPNzXb" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>13.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_824_z7fRd8nj5uyk">IMPAIRMENT</span></b></span></td></tr></table> <p style="font: 12pt Helvetica light,serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif"><b>a)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Impairment Test of Goodwill and Other Assets</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company initially tests the recoverability of cash-generating units ("CGU’s") presenting indications of impairment and, later, performs an annual recoverability test at CGUs as well as on groups of CGUs to which goodwill is allocated. With regards to the Company's impairment tests, the recoverable value of each cash-generating unit ("CGU") was evaluated using the model’s fair value of an asset less costs of sale - Fair Value Less Cost of Disposal ("FVLCD") or value in use – Value in Use ("VIU") through discounted cash flow techniques. Recoverable value was classified under "level 3" in the fair value hierarchy, taking proposals and sales agreements into account, when applicable.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Cash flows were discounted using a discount rate, in real or nominal terms, after taxes that represent an estimate of the rate that a market participant would apply while considering the cash value over time and the specific risks of the asset. The Company used the Weighted Average Cost of Capital ("WACC") of its respective business segments as a starting point for determining discount rates, and adjustments are made to reflect the risk profile in which the CGUs individually operate.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">As a matter of practice, the cash flows of the Company's CGU’s are prepared for a period of 10 years and are assumed to be perpetual from the 10th year onwards, without considering the actual growth rate, based on the past performance and future expectations for the performance of each of these businesses. In 2025, 41 years were used (42 years in 2024) for the Mining Sector, which is the mine’s estimated end of useful life. A term of 32 years (33 years in 2024), which is the end of the concession, was used for Logistics.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">These expectations form the basis for using a 10-year or longer period, as in the case of Mining and Logistics CGU’s, and take into consideration (i) the operational launch of the Mining business expansion, which is in the detailed engineering phase with equipment acquisition to occur over the next 5 years, (ii) Cement, with significant limestone and gypsum deposit reserves and long-term contracts, especially for slag, both with useful life and terms exceeding 10 years, respectively, (iii) Logistics, the renewal of the concession contract, (iv) and Steel, in which new investments will be made over the next 2 years for improved operational efficiency through modernization of the Company’s industrial park.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Impairment Test of Steel Assets</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(i)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Recoverability Test (Excluding Goodwill)</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.75in; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">During the fiscal years ending December 31, 2025 and 2024, the Company did not identify changes in circumstances or any indications that could result in a reduction in the recoverable value of Steel CGU’s. However, it proceeded to carry out the annual impairment test of allocated goodwill, as shown below<b>:</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif"><b>a.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Goodwill allocated to Packaging operations</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfImpairmenTestOfGoodwillAndOtherAssetsTableTextBlock_zhkmDTVPlrzk" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - IMPAIRMENT (Details)"> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"><span id="xdx_8B8_z0x75AX1X2Fe" style="display: none">Schedule of impairment test of goodwill and other assets</span></td> <td colspan="2" style="text-align: left"> </td></tr> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 31%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-decoration: underline; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 37%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-decoration: underline; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 32%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting value with VUI</td> <td id="xdx_98F_eifrs-full--Goodwill_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zCfkTC1ACmM1" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value"> 170,163</td> <td id="xdx_98D_eifrs-full--Goodwill_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zcurornzguh6" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">170,163</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cash flow period</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_904_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zDbM3RolG4wl" title="Cash Flow Period">2026 to 2035 + perpetuity</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_903_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zybi2XtxJwOg" title="Cash Flow Period">2025 to 2034 + perpetuity</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_901_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zrtOprz0RWkj" title="Gross Margin">Gross margin update based on historical data, incorporation of business restructuring impacts and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Update costs</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90B_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_z9GVjyFr5Mac" title="Cost updating">Update of costs based on historical data of each product and incorporation of the impacts of the business restructuring</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_906_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zR3rDLhpkoqg" title="Perpetuity growth rate">No growth</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90B_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zWy9TldXu91b" title="Perpetuity growth rate">No growth</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in real terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_z8CmhkTnBnOc" title="Discount rate, in real terms">9.42</span>%</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zFsgn6ZhTL4i" title="Discount rate, in real terms">11.89</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zdQFxLNnILg2" title="Measurement of recoverable value">VIU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zx1ezD4sSiY2" title="Measurement of recoverable value">VIU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range R$ / t</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zlNCtVO47RQi" title="Projected price range R$ / t">Market-based data</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zhRqiRjWriWc" title="Projected price range R$ / t">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zXDDXaq2pDpg" title="Sensitivity of key assumptions">A 3.31% reduction in volume or a 0.48% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_z9CkLPV08s5e" title="Sensitivity of key assumptions">A 2% reduction in volume or a 3% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_901_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zmuVIYAFRnAb" title="Test result">The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized</span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif"><b>b.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Goodwill and Brands subject to an indefinite service life allocated to Long Steel operations – SWT</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 31%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 33%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 36%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting value assets with VUI</td> <td id="xdx_989_eifrs-full--Goodwill_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zLjISNpiROz8" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">454,209</td> <td id="xdx_98E_eifrs-full--Goodwill_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zfVFdT6DvPmk" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value"> 453,133</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cash flow period</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90E_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zeDDn4EcVIp7" title="Cash Flow Period">2026 to 2035 + perpetuity</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zI1sYEouoEY4" title="Cash Flow Period">2025 to 2034 + perpetuity</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_904_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zyfRO9rBtNpi" title="Gross Margin">Gross margin update based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Updatecosts</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90D_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zoatOAnasvh9" title="Cost updating">Updating costs based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90A_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zAAABNmuPrce" title="Perpetuity growth rate">No growth</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_905_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_z3zfC8cwkFr1" title="Perpetuity growth rate">No growth</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in real terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_903_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zMBp0ePAtcJl" title="Discount rate, in real terms">4.00</span> %, in Euro</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zmJAUqQutMB9" title="Discount rate, in real terms">4.14</span> %, in Euro</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90A_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zWnlo1DzgVe5" title="Measurement of recoverable value">VIU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90F_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zskrTLyw72O9" title="Measurement of recoverable value">VIU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range € / t</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_903_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_z26UWUhDNhUc" title="Projected price range R$ / t">Market-based data</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zuf0UutdDQI2" title="Projected price range R$ / t">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90E_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zaqwqaR9MdLl" title="Sensitivity of key assumptions">A reduction of 23% in volume or 4.7% in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_901_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zmn7NmfGtI3i" title="Sensitivity of key assumptions">A 24% reduction in volume or a 4% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_904_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zo7AH120Zt96" title="Test result">The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized</span></td></tr> </table> <p style="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Impairment test of Mining assets</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(ii)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Recoverability test (excluding goodwill):</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">During the fiscal years ended December 31, 2025, and 2024, the Company did not identify changes in circumstances or any indications that could result in a reduction in the recoverable value of Iron Ore and Tin CGU’s. However, it proceeded to carry out the annual impairment test of allocated goodwill, as shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(iii)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Goodwill Allocated to Mining Operations</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 38%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 31%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 31%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting value assets with VUI</td> <td id="xdx_985_eifrs-full--Goodwill_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_z1VFKshE6cqj" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value"> 3,236,402</td> <td id="xdx_98E_eifrs-full--Goodwill_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zvxpBmrZrqV5" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">3,236,402</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Cash Flow Period (end of the mine's useful life)</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt"><span id="xdx_90F_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zVj2VVbPHBRg" title="Cash Flow Period">2026 to 2066</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt"><span id="xdx_906_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zW5VQhKc4zke" title="Cash Flow Period">2025 to 2066</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90F_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zlwsJsRgBZdh" title="Gross Margin">Reflects cost projection based on the progress of the mining plan as well as project startup and operational ramp-up. Prices and exchange rates projected according to sector reports</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Update costs</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_908_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zaXi36XCg52" title="Cost updating">Update of costs based on historical data, advancement of the mining plan as well as startup and ramp-up of projects</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zVrcoDpFQtZi" title="Perpetuity growth rate">Without perpetuity</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_904_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zJhOSq0jT4k1" title="Perpetuity growth rate">Without perpetuity</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in real terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90A_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zFQCXjVXi2wk" title="Discount rate, in real terms">8.69</span>%</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_909_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_z8qGwFgw7oDc" title="Discount rate, in real terms">11.10</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zL1zf7zYiHv2" title="Measurement of recoverable value">FVLCD</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zUIZzhGqNlAd" title="Measurement of recoverable value">FVLCD</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range R$ / t</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zwacqqWe39Af" title="Projected price range R$ / t">Market-based data</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_909_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zD2CzrHPXE37" title="Projected price range R$ / t">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_902_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zNf4sJyDLBc5" title="Sensitivity of key assumptions">A 23% reduction in volume or an 11% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zSaGy2T8Emsh" title="Sensitivity of key assumptions">A 20% reduction in volume or a 9% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_901_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zOWEgfFh4QK3" title="Test result">The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized</span></td></tr> </table> <p id="xdx_8A1_zWKEsz88ySl6" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Impairment test of Cement assets</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(i)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Recoverability test (excluding goodwill):</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">During the fiscal years ended December 31, 2025, and 2024, the Company did not identify changes in circumstances or any indications that could result in a reduction in the recoverable value of Cement CGU’s. However, it proceeded to carry out the annual impairment test of allocated goodwill, as shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(ii)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Goodwill and Brands subject to an indefinite service life allocated to Cement operations</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b></b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_884_ecustom--ScheduleOfImpairmentTestTableTextBlock_zhpG4a16lY1c" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - IMPAIRMENT (Details 1)"> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"><span id="xdx_8B9_zqQRVVqv305" style="display: none">Schedule of impairment test</span></td> <td colspan="2" style="text-align: left"> </td></tr> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 38%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 30%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 32%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting value assets with VUI</td> <td id="xdx_98B_eifrs-full--Goodwill_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zfMlXcEHTZ8d" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">503,692</td> <td id="xdx_981_eifrs-full--Goodwill_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_z9cZN6sAKPTe" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">503,692</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cash flow period</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_z5jtxbtdUDU4" title="Cash Flow Period">2026 to 2035 + perpetuity</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_901_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_ztqp8YqOU4fb" title="Cash Flow Period">2025 to 2034 + perpetuity</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90B_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zNDTvyUlQ3bf" title="Gross Margin">Gross margin update based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Updatecosts</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_904_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zZwrTYhDraT9" title="Cost updating">Costs based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_901_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_z7xZAFh5HjPl" title="Perpetuity growth rate">Growth in line with inflation</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zmJyWN7ZgWRd" title="Perpetuity growth rate">Growth in line with inflation</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in nominal terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90F_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_z9s2rRvyd4c9" title="Discount rate, in real terms">11.80</span>%</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_ziYfgXY0XbL3" title="Discount rate, in real terms">12.95</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90A_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zVgvNOKslPUc" title="Measurement of recoverable value">VIU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_901_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zcJk4OjRDygf" title="Measurement of recoverable value">VIU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range R$ / t</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zUbaMK2DFEQc" title="Projected price range R$ / t">Market-based data</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_909_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_z5BnUxZdKiPi" title="Projected price range R$ / t">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions</td> <td style="border-right: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_904_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_z2FBhYh1hIF2" title="Sensitivity of key assumptions">A reduction of 36.97% in volume or 13% in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_909_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zF2RJp6NydKe" title="Sensitivity of key assumptions">A 27% reduction in volume or 13% in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_900_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zYYYA2x1k2q4" title="Test result">The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized</span></td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Impairment test of Logistics assets</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(i)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Recoverability test (excluding goodwill)</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">During the fiscal years ending December 31, 2025, and 2024, the Company did not identify changes in circumstances or any indications that could result in a reduction in the recoverable value of Logistics CGU’s. However, it proceeded to carry out the annual impairment test of allocated goodwill, as shown below<span style="text-decoration: underline">:</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(ii)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Goodwill allocated to Logistics operations</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify">On April 1, 2025, the Company completed the acquisition of 70% of Grupo Estrela’s share capital as disclosed in<br/> note 3 – Business Combination. As of the financial statements’ base date, the purchase price allocation report (PPA) is under preparation, the reason for which amounts are attributed to identifiable assets acquired, liabilities assumed and goodwill were provisionally recognized in accordance with the accounting standards applicable to business combinations<b>.</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Recognized provisional goodwill of $<span id="xdx_907_ecustom--ProvisionalGoodwill_iI_c20251231_zO1H3bOv1x9e" title="Provisional goodwill">613,911</span> was fully allocated to the Logistics Cash-generating Unit (CGU) – Grupo Estrela, which, as of this date, represents the smallest identifiable group of assets capable of generating cash inflows largely independent of the Company's remaining operating facilities.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Considering that the measurement of goodwill continues to be provisional and subject to adjustments arising from the conclusion of the PPA, the Company did not carry out the annual impairment test of this goodwill amount. A test will be carried out once the definitive allocation of the purchase price is finalized or if there are indications of impairment loss.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Impairment test of Energy assets</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(i)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Recoverability test (excluding goodwill)</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.75in; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">During the fiscal years ending December 31, 2025, and 2024, the Company did not identify changes in circumstances or any indications that may result in a reduction in the recoverable value of Energy CGU’s.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Impairment test of remaining assets - Services</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(ii)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Recoverability test (excluding goodwill)</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">During the fiscal years ended December 31, 2025, and 2024, the Company did not identify changes in circumstances or any indications that could result in a reduction in the recoverable value of Service CGU’s.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif">a.</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Goodwill allocated to CBSI</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfRecoverabilityTestTableTextBlock_z5jDSvfLwi8h" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - IMPAIRMENT (Details 2)"> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"><span id="xdx_8BC_zvdhvnxhQI95" style="display: none">Schedule of recoverability test</span></td> <td colspan="2" style="text-align: left"> </td></tr> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 33%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 32%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 35%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting value assets with VUI</td> <td id="xdx_98F_eifrs-full--Goodwill_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zpRE6jxjn0Fb" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value"> 15,225</td> <td id="xdx_988_eifrs-full--Goodwill_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zJQiffdBFLn9" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">15,225</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cash flow period</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90E_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zpKgqHFgMXa4" title="Cash Flow Period">2026 to 2035 + perpetuity</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zQB0RUF2dr0j" title="Cash Flow Period">2025 to 2034 + perpetuity</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_907_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zuXM9iWXO1L4" title="Gross Margin">Gross margin update based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Update costs</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90E_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_z2YygmRATDS9" title="Cost updating">Updating costs based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zw65bEsH0C6j" title="Perpetuity growth rate">No growth</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_903_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zgidlMUZv4Na" title="Perpetuity growth rate">No growth</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in real terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_z3C28JcnV0Qh" title="Discount rate, in real terms">9.42</span>%</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_901_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zADrkhm9nT8i" title="Discount rate, in real terms">11.89</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_905_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zrxMFxIgFeC1" title="Measurement of recoverable value">VIU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_906_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zjbPo7P4vMYa" title="Measurement of recoverable value">VIU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range R$ / t</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90C_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zqcB4WPeMSd3" title="Projected price range R$ / t">Market-based data</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zA98xNyLQDlc" title="Projected price range R$ / t">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90C_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zgROHX2Yxboa" title="Sensitivity of key assumptions">A 2.13% decrease in revenue would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_z6dfebVkfYCd" title="Sensitivity of key assumptions">A 10% reduction in revenue would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_902_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_z5rzRp40Pgs4" title="Test result">The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized</span></td></tr> </table> <p id="xdx_8A2_zW0CjLCCsZ72" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif">a.</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Goodwill allocated to Global Dot</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On December 5, 2025, the Company completed the acquisition of Global Dot as disclosed in note 3 – Business Combination. As of the financial statement’s base date, the purchase price allocation report (PPA) is under preparation, the reason for which amounts are attributed to identifiable assets acquired, liabilities assumed and goodwill were provisionally recognized in the amount of R$<span id="xdx_901_ecustom--ProvisionalGoodwillAmount_iI_c20251231_zh6Qac5aoCGd" title="Provisional goodwill amount">39,163</span> in accordance with the accounting standards applicable to business combinations.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Recognized provisional goodwill was fully allocated to Global Dot, which, as of this date, represents the smallest identifiable group of assets capable of generating cash inflows largely independent of the Company's remaining operating facilities.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Considering that the measurement of goodwill continues to provisional and subject to adjustments arising from the conclusion of the PPA, the Company did not carry out the annual impairment test of this goodwill amount. A test will be carried out once the definitive allocation of the purchase price is finalized or if there are indications of impairment loss.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif"><b>a)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Investment Impairment Test</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 2.85pt 0 0; text-align: justify; text-indent: 0in"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 2.85pt 0 0; text-align: justify; text-indent: 0in"><b>Recoverable Amount Measurement – TLSA</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 2.85pt 0 0; text-align: justify; text-indent: 0in"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfInvestmentImpairmentTestTableTextBlock_zDrymIPpxTvg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - IMPAIRMENT (Details 3)"> <tr style="vertical-align: middle; background-color: white"> <td style="border-right: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt"><span id="xdx_8B9_zR0xtFtxiOh5" style="display: none">Schedule of investment impairment test</span></td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"> </td></tr> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 28%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 34%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 38%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting Value - Equity</td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_znELw9EctgL" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">3,575,588</td> <td id="xdx_987_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zR7NwLFCXGh2" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value"> 1,796,451</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cash flow period</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_902_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zJu17UZKejrh" title="Cash Flow Period">2025 to 2057 (end of concession)</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_z2ifxpcgjOGa" title="Cash Flow Period">2025 to 2057 (end of concession)</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90E_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zgZax5BNJMfg" title="Gross Margin">Estimated based on a market study for cargo capture and operational costs according to market trend studies</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cost estimate</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_909_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_znIB8PMnjDzb" title="Cost estimate">Costs based on studies and market trends, as well as simulations in which costs of diesel (principal operating cost) was calculated</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_904_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_znIn0rMUreEh" title="Perpetuity growth rate">No growth rate was considered due to the projected model until the end of the concession in 2057</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in real terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">It ranges from <span id="xdx_900_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zljHqQ1DjiM6" title="Discount rate, in real terms">5.51</span>% to <span id="xdx_90B_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zj6FCt1tJPj6" title="Discount rate, in real terms">7.23</span>%</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Varies from between <span id="xdx_90D_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zunFsBSMBro3" title="Discount rate, in real terms">5.56</span>% and <span id="xdx_904_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zIyyaXeyujU8" title="Discount rate, in real terms">6.68</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zCaH6S0BJUs" title="Measurement of recoverable value">VIU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range for rail transport</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90F_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zewZ5m10zGOh" title="Range of prices projected for rail transport">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions:</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90A_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zrbPaAPz6vf" title="Sensitivity of key assumptions">A 9.20% reduction in sales volume would result in the estimated recoverable amount being equal to the carrying amount of this asset</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_905_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zxM2nGeZ7Jcd" title="Sensitivity of key assumptions">An 18% reduction in sales volume would result in the estimated recoverable amount being equal to the carrying amount of this asset</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; text-align: justify; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_907_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zVT4Fh4AJlk4" title="Test result">The recoverable amount of the investment is higher than its carrying amounts, and no impairment loss is recognized</span></td></tr> </table> <p id="xdx_8A7_zRvoHbuT6S39" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In addition, CSN, as an investor, tested the recoverability of its investment in TLSA based on TLSA's ability to pay dividends, a methodology known as the Dividend Discount Model (DDM), to recover the capital invested by its shareholders. To perform this test, certain factors were considered, such as:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">The dividend flow was extracted from TLSA's nominal cash flow</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">The dividend flow was calculated considering the annual participation percentages, considering the dilutions of CSN's participation resulting from the amortization of debts</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">This dividend flow was then discounted to present value using the cost of own capital (Ke) embedded in the TLSA WACC rate and</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">This extracted Ke was the one calculated in the "rolling WACC" of the TLSA.</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Due to the sharing of investor risks and the fact that the asset being tested represents the cash-generating unit itself, which is equal to the legal entity, the risk determined by CSN's Management was identical to that applied by TLSA when evaluating the investment of its own assets. As a result, there was no additional risk factor required for the model.</p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 12pt/115% Times New Roman,serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt; line-height: 115%"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Impairment of Non-Financial Assets</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Non-financial assets are analyzed for impairment whenever relevant occurrences or changes in circumstances indicate that the carrying amount may not be recoverable. Recoverable value is determined for an individual asset unless the asset in question does not generate cash inflows that are largely independent of remaining assets or groups of assets. Whenever the book value of an asset or a CGU exceeds its recoverable value, the asset is considered impaired and reduced to its recoverable value, and an impairment loss is recognized in the amount corresponding to the excess of the book value over the recoverable value, which is defined as the greater of fair value less costs of disposal (“FVLCD”) and value in use (“VIU”).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Impairment losses are recognized in the income statement under the section other operating expenses, reversals are allocated to other operating revenue.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">FVLCD is normally measured based on the present value of estimated cash flows – Discounted Cash Flows (“DCF”) arising from the continued use of the asset from the perspective of a market participant, including any prospects for expansion. The VIU is measured through the DCF expected based on continuous use of the asset under its current conditions, without taking future developments into account. These two premises are different from those used in the fair value calculation, as a result, the VIU calculation will likely offer a different result from the FVLCD calculation. </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Goodwill and other intangible assets with indefinite useful lives are not subject to amortization and an annual impairment test is performed a minimum annual on December 31, as well as whenever there are indications that their carrying amount may not be recoverable.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Any impairment losses recognized as goodwill are not reversible in subsequent periods.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">For impairment assessment purposes, assets are grouped at the lowest levels at which there are separately identifiable incoming cash flows (Cash-generating Unit – “CGU”). For this test, goodwill is allocated to the CGUs or to the group of CGUs that should benefit from the Business Combination from which the goodwill originated, which is identified according to the operating segment.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">With regard to non-financial assets, except goodwill, the Company assesses at each balance sheet date whether there are indications that previously recognized impairment losses have ceased to exist or have been reduced. Once such evidence is identified, the recoverable value of the asset or the respective CGU is estimated.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The reversal of impairment loss is only recognized when there is a change in the assumptions used to determine the recoverable amount since the most recent recognition of loss. This reversal is limited to the amount that does not increase the asset’s carrying amount in excess its recoverable value, nor above the carrying amount that would have been calculated, net of depreciation or amortization, if an impairment loss had not been recognized in previous years. Reversals are recorded in the income statement under Other Operating Revenues.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Fair-value Impairment Test of Investments</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Investments are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized as the amount at which the carrying amount of the asset exceeds its recoverable amount.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Management's Estimates and Judgments</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The impairment test in goodwill and intangible assets with indefinite useful lives include assets at these cash-generating units in addition to the balance of remaining intangible assets. This test is carried out by comparing book balances with the recoverable value of these facilities, which is determined based on past experience in making reliable and accurate forecasts for periods longer than 5 years, based on projections of discounted cash flows projected for the coming years and budgets approved by Management, as well as on the use of assumptions and judgments related, but not limited to (i) growth rate, (ii) costs and expenses, (iii) discount rate, (iv) working capital and investment (“Capex”) future, (v) reserves and mineral resources measured by internal specialists, (vi) useful life of the cash-generating units (relationship between production and mineral reserves or the term of the concession), as well as observable macroeconomic assumptions on the market. Additionally, Steel, Cements, Packaging, Energy, Logistics and Ores are essential inputs, which also justify the use of longer periods to prepare the corresponding projections.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">These assumptions are subject to future risks and uncertainties, which may result in significant changes in the Company's projections. The methodologies and approaches adopted in preparing these analyses can be improved over time. As a result, any changes in these factors may impact the recoverable value of assets.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfImpairmenTestOfGoodwillAndOtherAssetsTableTextBlock_zhkmDTVPlrzk" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - IMPAIRMENT (Details)"> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"><span id="xdx_8B8_z0x75AX1X2Fe" style="display: none">Schedule of impairment test of goodwill and other assets</span></td> <td colspan="2" style="text-align: left"> </td></tr> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 31%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-decoration: underline; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 37%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-decoration: underline; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 32%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting value with VUI</td> <td id="xdx_98F_eifrs-full--Goodwill_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zCfkTC1ACmM1" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value"> 170,163</td> <td id="xdx_98D_eifrs-full--Goodwill_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zcurornzguh6" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">170,163</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cash flow period</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_904_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zDbM3RolG4wl" title="Cash Flow Period">2026 to 2035 + perpetuity</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_903_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zybi2XtxJwOg" title="Cash Flow Period">2025 to 2034 + perpetuity</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_901_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zrtOprz0RWkj" title="Gross Margin">Gross margin update based on historical data, incorporation of business restructuring impacts and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Update costs</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90B_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_z9GVjyFr5Mac" title="Cost updating">Update of costs based on historical data of each product and incorporation of the impacts of the business restructuring</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_906_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zR3rDLhpkoqg" title="Perpetuity growth rate">No growth</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90B_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zWy9TldXu91b" title="Perpetuity growth rate">No growth</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in real terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_z8CmhkTnBnOc" title="Discount rate, in real terms">9.42</span>%</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zFsgn6ZhTL4i" title="Discount rate, in real terms">11.89</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zdQFxLNnILg2" title="Measurement of recoverable value">VIU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zx1ezD4sSiY2" title="Measurement of recoverable value">VIU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range R$ / t</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zlNCtVO47RQi" title="Projected price range R$ / t">Market-based data</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zhRqiRjWriWc" title="Projected price range R$ / t">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zXDDXaq2pDpg" title="Sensitivity of key assumptions">A 3.31% reduction in volume or a 0.48% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_z9CkLPV08s5e" title="Sensitivity of key assumptions">A 2% reduction in volume or a 3% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_901_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--PackagingOperationsMember_zmuVIYAFRnAb" title="Test result">The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized</span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif"><b>b.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Goodwill and Brands subject to an indefinite service life allocated to Long Steel operations – SWT</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 31%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 33%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 36%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting value assets with VUI</td> <td id="xdx_989_eifrs-full--Goodwill_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zLjISNpiROz8" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">454,209</td> <td id="xdx_98E_eifrs-full--Goodwill_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zfVFdT6DvPmk" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value"> 453,133</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cash flow period</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90E_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zeDDn4EcVIp7" title="Cash Flow Period">2026 to 2035 + perpetuity</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zI1sYEouoEY4" title="Cash Flow Period">2025 to 2034 + perpetuity</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_904_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zyfRO9rBtNpi" title="Gross Margin">Gross margin update based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Updatecosts</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90D_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zoatOAnasvh9" title="Cost updating">Updating costs based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90A_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zAAABNmuPrce" title="Perpetuity growth rate">No growth</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_905_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_z3zfC8cwkFr1" title="Perpetuity growth rate">No growth</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in real terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_903_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zMBp0ePAtcJl" title="Discount rate, in real terms">4.00</span> %, in Euro</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zmJAUqQutMB9" title="Discount rate, in real terms">4.14</span> %, in Euro</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90A_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zWnlo1DzgVe5" title="Measurement of recoverable value">VIU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90F_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zskrTLyw72O9" title="Measurement of recoverable value">VIU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range € / t</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_903_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_z26UWUhDNhUc" title="Projected price range R$ / t">Market-based data</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zuf0UutdDQI2" title="Projected price range R$ / t">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90E_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zaqwqaR9MdLl" title="Sensitivity of key assumptions">A reduction of 23% in volume or 4.7% in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_901_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zmn7NmfGtI3i" title="Sensitivity of key assumptions">A 24% reduction in volume or a 4% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_904_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--LongSteelOperationsMember_zo7AH120Zt96" title="Test result">The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized</span></td></tr> </table> <p style="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Impairment test of Mining assets</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(ii)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Recoverability test (excluding goodwill):</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">During the fiscal years ended December 31, 2025, and 2024, the Company did not identify changes in circumstances or any indications that could result in a reduction in the recoverable value of Iron Ore and Tin CGU’s. However, it proceeded to carry out the annual impairment test of allocated goodwill, as shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(iii)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><span style="text-decoration: underline">Goodwill Allocated to Mining Operations</span></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 38%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 31%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 31%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting value assets with VUI</td> <td id="xdx_985_eifrs-full--Goodwill_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_z1VFKshE6cqj" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value"> 3,236,402</td> <td id="xdx_98E_eifrs-full--Goodwill_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zvxpBmrZrqV5" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">3,236,402</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Cash Flow Period (end of the mine's useful life)</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt"><span id="xdx_90F_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zVj2VVbPHBRg" title="Cash Flow Period">2026 to 2066</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt"><span id="xdx_906_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zW5VQhKc4zke" title="Cash Flow Period">2025 to 2066</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90F_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zlwsJsRgBZdh" title="Gross Margin">Reflects cost projection based on the progress of the mining plan as well as project startup and operational ramp-up. Prices and exchange rates projected according to sector reports</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Update costs</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_908_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zaXi36XCg52" title="Cost updating">Update of costs based on historical data, advancement of the mining plan as well as startup and ramp-up of projects</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zVrcoDpFQtZi" title="Perpetuity growth rate">Without perpetuity</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_904_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zJhOSq0jT4k1" title="Perpetuity growth rate">Without perpetuity</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in real terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90A_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zFQCXjVXi2wk" title="Discount rate, in real terms">8.69</span>%</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_909_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_z8qGwFgw7oDc" title="Discount rate, in real terms">11.10</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zL1zf7zYiHv2" title="Measurement of recoverable value">FVLCD</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zUIZzhGqNlAd" title="Measurement of recoverable value">FVLCD</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range R$ / t</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zwacqqWe39Af" title="Projected price range R$ / t">Market-based data</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_909_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zD2CzrHPXE37" title="Projected price range R$ / t">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_902_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zNf4sJyDLBc5" title="Sensitivity of key assumptions">A 23% reduction in volume or an 11% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zSaGy2T8Emsh" title="Sensitivity of key assumptions">A 20% reduction in volume or a 9% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_901_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zOWEgfFh4QK3" title="Test result">The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized</span></td></tr> </table> 170163000 170163000 2026 to 2035 + perpetuity 2025 to 2034 + perpetuity Gross margin update based on historical data, incorporation of business restructuring impacts and market trends Update of costs based on historical data of each product and incorporation of the impacts of the business restructuring No growth No growth 0.0942 0.1189 VIU VIU Market-based data Market-based data A 3.31% reduction in volume or a 0.48% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU A 2% reduction in volume or a 3% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized 454209000 453133000 2026 to 2035 + perpetuity 2025 to 2034 + perpetuity Gross margin update based on historical data and market trends Updating costs based on historical data and market trends No growth No growth 0.0400 0.0414 VIU VIU Market-based data Market-based data A reduction of 23% in volume or 4.7% in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU A 24% reduction in volume or a 4% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized 3236402000 3236402000 2026 to 2066 2025 to 2066 Reflects cost projection based on the progress of the mining plan as well as project startup and operational ramp-up. Prices and exchange rates projected according to sector reports Update of costs based on historical data, advancement of the mining plan as well as startup and ramp-up of projects Without perpetuity Without perpetuity 0.0869 0.1110 FVLCD FVLCD Market-based data Market-based data A 23% reduction in volume or an 11% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU A 20% reduction in volume or a 9% reduction in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized <table border="0" cellpadding="0" cellspacing="0" id="xdx_884_ecustom--ScheduleOfImpairmentTestTableTextBlock_zhpG4a16lY1c" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - IMPAIRMENT (Details 1)"> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"><span id="xdx_8B9_zqQRVVqv305" style="display: none">Schedule of impairment test</span></td> <td colspan="2" style="text-align: left"> </td></tr> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 38%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 30%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 32%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting value assets with VUI</td> <td id="xdx_98B_eifrs-full--Goodwill_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zfMlXcEHTZ8d" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">503,692</td> <td id="xdx_981_eifrs-full--Goodwill_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_z9cZN6sAKPTe" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">503,692</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cash flow period</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_z5jtxbtdUDU4" title="Cash Flow Period">2026 to 2035 + perpetuity</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_901_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_ztqp8YqOU4fb" title="Cash Flow Period">2025 to 2034 + perpetuity</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90B_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zNDTvyUlQ3bf" title="Gross Margin">Gross margin update based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Updatecosts</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_904_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zZwrTYhDraT9" title="Cost updating">Costs based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_901_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_z7xZAFh5HjPl" title="Perpetuity growth rate">Growth in line with inflation</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zmJyWN7ZgWRd" title="Perpetuity growth rate">Growth in line with inflation</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in nominal terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90F_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_z9s2rRvyd4c9" title="Discount rate, in real terms">11.80</span>%</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_ziYfgXY0XbL3" title="Discount rate, in real terms">12.95</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90A_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zVgvNOKslPUc" title="Measurement of recoverable value">VIU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_901_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zcJk4OjRDygf" title="Measurement of recoverable value">VIU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range R$ / t</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_907_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_zUbaMK2DFEQc" title="Projected price range R$ / t">Market-based data</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_909_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--MiningOperationsMember_z5BnUxZdKiPi" title="Projected price range R$ / t">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions</td> <td style="border-right: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_904_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_z2FBhYh1hIF2" title="Sensitivity of key assumptions">A reduction of 36.97% in volume or 13% in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_909_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zF2RJp6NydKe" title="Sensitivity of key assumptions">A 27% reduction in volume or 13% in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_900_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CementOperationsMember_zYYYA2x1k2q4" title="Test result">The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized</span></td></tr> </table> 503692000 503692000 2026 to 2035 + perpetuity 2025 to 2034 + perpetuity Gross margin update based on historical data and market trends Costs based on historical data and market trends Growth in line with inflation Growth in line with inflation 0.1180 0.1295 VIU VIU Market-based data Market-based data A reduction of 36.97% in volume or 13% in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU A 27% reduction in volume or 13% in price would result in the estimated recoverable amount being equal to the carrying amount of this CGU The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized 613911 <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfRecoverabilityTestTableTextBlock_z5jDSvfLwi8h" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - IMPAIRMENT (Details 2)"> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"><span id="xdx_8BC_zvdhvnxhQI95" style="display: none">Schedule of recoverability test</span></td> <td colspan="2" style="text-align: left"> </td></tr> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 33%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 32%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 35%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting value assets with VUI</td> <td id="xdx_98F_eifrs-full--Goodwill_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zpRE6jxjn0Fb" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value"> 15,225</td> <td id="xdx_988_eifrs-full--Goodwill_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zJQiffdBFLn9" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">15,225</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cash flow period</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90E_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zpKgqHFgMXa4" title="Cash Flow Period">2026 to 2035 + perpetuity</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zQB0RUF2dr0j" title="Cash Flow Period">2025 to 2034 + perpetuity</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_907_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zuXM9iWXO1L4" title="Gross Margin">Gross margin update based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Update costs</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90E_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_z2YygmRATDS9" title="Cost updating">Updating costs based on historical data and market trends</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zw65bEsH0C6j" title="Perpetuity growth rate">No growth</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_903_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zgidlMUZv4Na" title="Perpetuity growth rate">No growth</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in real terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_z3C28JcnV0Qh" title="Discount rate, in real terms">9.42</span>%</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_901_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zADrkhm9nT8i" title="Discount rate, in real terms">11.89</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_905_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zrxMFxIgFeC1" title="Measurement of recoverable value">VIU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_906_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zjbPo7P4vMYa" title="Measurement of recoverable value">VIU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range R$ / t</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90C_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zqcB4WPeMSd3" title="Projected price range R$ / t">Market-based data</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90D_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zA98xNyLQDlc" title="Projected price range R$ / t">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90C_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_zgROHX2Yxboa" title="Sensitivity of key assumptions">A 2.13% decrease in revenue would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_908_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_z6dfebVkfYCd" title="Sensitivity of key assumptions">A 10% reduction in revenue would result in the estimated recoverable amount being equal to the carrying amount of this CGU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_902_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--CBSIMember_z5rzRp40Pgs4" title="Test result">The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized</span></td></tr> </table> 15225000 15225000 2026 to 2035 + perpetuity 2025 to 2034 + perpetuity Gross margin update based on historical data and market trends Updating costs based on historical data and market trends No growth No growth 0.0942 0.1189 VIU VIU Market-based data Market-based data A 2.13% decrease in revenue would result in the estimated recoverable amount being equal to the carrying amount of this CGU A 10% reduction in revenue would result in the estimated recoverable amount being equal to the carrying amount of this CGU The recoverable amount of the asset is higher than its carrying amount, and no impairment loss is recognized 39163 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfInvestmentImpairmentTestTableTextBlock_zDrymIPpxTvg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - IMPAIRMENT (Details 3)"> <tr style="vertical-align: middle; background-color: white"> <td style="border-right: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt"><span id="xdx_8B9_zR0xtFtxiOh5" style="display: none">Schedule of investment impairment test</span></td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"> </td></tr> <tr style="vertical-align: middle"> <td style="border: Black 0.5pt solid; font-weight: bold; width: 28%"> </td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 34%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 0.5pt; width: 38%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Accounting Value - Equity</td> <td id="xdx_98D_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_znELw9EctgL" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value">3,575,588</td> <td id="xdx_987_eifrs-full--AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_iI_pn3n3_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zR7NwLFCXGh2" style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt" title="Book value"> 1,796,451</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cash flow period</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_902_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zJu17UZKejrh" title="Cash Flow Period">2025 to 2057 (end of concession)</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_900_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_z2ifxpcgjOGa" title="Cash Flow Period">2025 to 2057 (end of concession)</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">gross margin</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90E_eifrs-full--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedDeterminationOfFairValueLessCostsOfDisposal_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zgZax5BNJMfg" title="Gross Margin">Estimated based on a market study for cargo capture and operational costs according to market trend studies</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Cost estimate</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_909_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnCostUpdating_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_znIB8PMnjDzb" title="Cost estimate">Costs based on studies and market trends, as well as simulations in which costs of diesel (principal operating cost) was calculated</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Perpetual growth rate</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_904_eifrs-full--DescriptionOfJustificationForUsingGrowthRateThatExceedsLongtermAverageGrowthRate_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_znIn0rMUreEh" title="Perpetuity growth rate">No growth rate was considered due to the projected model until the end of the concession in 2057</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Discount rate, in real terms</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">It ranges from <span id="xdx_900_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zljHqQ1DjiM6" title="Discount rate, in real terms">5.51</span>% to <span id="xdx_90B_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zj6FCt1tJPj6" title="Discount rate, in real terms">7.23</span>%</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Varies from between <span id="xdx_90D_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zunFsBSMBro3" title="Discount rate, in real terms">5.56</span>% and <span id="xdx_904_eifrs-full--DescriptionOfDiscountRatesAppliedToCashFlowProjections_iI_pip0_dp_c20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zIyyaXeyujU8" title="Discount rate, in real terms">6.68</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Measurement of recoverable value</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_908_eifrs-full--DescriptionOfBasisOnWhichUnitsRecoverableAmountHasBeenDetermined_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zCaH6S0BJUs" title="Measurement of recoverable value">VIU</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Projected price range for rail transport</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_90F_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnProjectedPriceRange_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zewZ5m10zGOh" title="Range of prices projected for rail transport">Market-based data</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Sensitivity of key assumptions:</td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_90A_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zrbPaAPz6vf" title="Sensitivity of key assumptions">A 9.20% reduction in sales volume would result in the estimated recoverable amount being equal to the carrying amount of this asset</span></td> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt"><span id="xdx_905_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedOnSensitivity_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zxM2nGeZ7Jcd" title="Sensitivity of key assumptions">An 18% reduction in sales volume would result in the estimated recoverable amount being equal to the carrying amount of this asset</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; font-weight: bold; text-align: justify; border-top-color: Black; border-top-width: 0.5pt">Test result</td> <td colspan="2" style="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><span id="xdx_907_ecustom--DescriptionOfKeyAssumptionsOnWhichManagementHasBasedTestResult_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis__custom--TLSAMember_zVT4Fh4AJlk4" title="Test result">The recoverable amount of the investment is higher than its carrying amounts, and no impairment loss is recognized</span></td></tr> </table> 3575588000 1796451000 2025 to 2057 (end of concession) 2025 to 2057 (end of concession) Estimated based on a market study for cargo capture and operational costs according to market trend studies Costs based on studies and market trends, as well as simulations in which costs of diesel (principal operating cost) was calculated No growth rate was considered due to the projected model until the end of the concession in 2057 0.0551 0.0723 0.0556 0.0668 VIU Market-based data A 9.20% reduction in sales volume would result in the estimated recoverable amount being equal to the carrying amount of this asset An 18% reduction in sales volume would result in the estimated recoverable amount being equal to the carrying amount of this asset The recoverable amount of the investment is higher than its carrying amounts, and no impairment loss is recognized <p id="xdx_80D_eifrs-full--DisclosureOfBorrowingsExplanatory_zMctco27qA84" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>14.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_826_zn2RdIVZ8LA">BORROWINGS AND FINANCING</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The balance of borrowings and financing that are recorded at amortized cost are as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfBorrowingsFinancingAndDebenturesTableTextBlock_pn3n3_zVeYQ82VyZEh" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BORROWINGS AND FINANCING (Details)"> <tr style="vertical-align: middle"> <td style="font-weight: bold"><span id="xdx_8B7_zdJZ3J9mwxPg" style="display: none">Schedule of borrowings and financing</span></td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle"> <td style="width: 46%"> </td> <td style="width: 2%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Current Liabilities </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> Non-current Liabilities </td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Foreign Debt</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Floating Rates in USD</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Prepayment</td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_987_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRatesMember_zeGVAdR6lGAa" style="text-align: right" title="Borrowings and financing, current">3,236,980</td> <td> </td> <td id="xdx_981_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRatesMember_z65JTGEnaAv9" style="text-align: right" title="Borrowings and financing, current">2,331,452</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRatesMember_zuXaVKjepgp7" style="text-align: right" title="Borrowings and financing, noncurrent">5,601,328</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRatesMember_za1668FpWwa" style="text-align: right" title="Borrowings and financing, noncurrent">7,585,516</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Fixed Rates in USD</td> <td style="color: red; text-align: left"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Bonds, Facility and ACC</td> <td style="text-align: center"> </td> <td style="text-align: left"> </td> <td id="xdx_98B_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedRatesMember_znwOyXWjkQzc" style="text-align: right" title="Borrowings and financing, current">4,034,971</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedRatesMember_zygW2AzyRki6" style="text-align: right" title="Borrowings and financing, current">2,804,036</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedRatesMember_zBUOp4kvUxEe" style="text-align: right" title="Borrowings and financing, noncurrent">20,152,704</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedRatesMember_zPyBFD21cNBg" style="text-align: right" title="Borrowings and financing, noncurrent"> 24,162,280</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Fixed interest in EUR</td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Facility</td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="text-align: left"> </td> <td id="xdx_983_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedInterestInEURMember_zUMDltie3L34" style="text-align: right" title="Borrowings and financing, current">637,083</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedInterestInEURMember_zVzyLW9LQFHe" style="text-align: right" title="Borrowings and financing, current"> 657,980</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedInterestInEURMember_z2kGxRjUt7Cg" style="text-align: right" title="Borrowings and financing, noncurrent"> 234,411</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedInterestInEURMember_znrVDAMi80e9" style="text-align: right" title="Borrowings and financing, noncurrent"> 305,556</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left"> </td> <td style="color: red; text-align: center"> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember_zy2pTEVPvC0i" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, current">7,909,034</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember_zOH9ppQHIL2c" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, current">5,793,468</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember_z0A6B1TnLXU1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, noncurrent">25,988,443</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember_z5gDUtt1XGWi" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, noncurrent"> 32,053,352</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="color: red; text-align: center"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Debt agreements in BRL</td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Floating Rate Securities</td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">BNDES/FINAME/FINEP, Debentures, CRI and NCE</td> <td style="text-align: center"> </td> <td style="text-align: left"> </td> <td id="xdx_981_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRateSecuritiesMember_zml0VVwUkMi2" style="text-align: right" title="Borrowings and financing, current">2,613,940</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRateSecuritiesMember_zZqBPfLJvPH8" style="text-align: right" title="Borrowings and financing, current">3,109,090</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRateSecuritiesMember_zNhtNEesycyh" style="text-align: right" title="Borrowings and financing, noncurrent">17,081,203</td> <td> </td> <td id="xdx_988_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRateSecuritiesMember_zhxxKf7zgQie" style="text-align: right" title="Borrowings and financing, noncurrent"> 16,602,668</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left"> </td> <td style="color: red; text-align: left"> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember_zGCNVfRq1D35" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, current">2,613,940</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember_zyhy6ozu4wUi" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, current">3,109,090</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember_z6FjwS2gvVah" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, noncurrent">17,081,203</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember_zeid0FIOsWAb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, noncurrent"> 16,602,668</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Total Borrowings and Financing</td> <td style="color: red"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_986_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231_zOj2nEwNVwE8" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Borrowings and financing, current">10,522,974</td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_980_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231_z2iGrSRTovdk" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Borrowings and financing, current">8,902,558</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231_zRmwfi5jLTZc" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Borrowings and financing, noncurrent">43,069,646</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231_zODppGWrR0s1" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Borrowings and financing, noncurrent"> 48,656,020</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Transaction Costs and Issue Premiums</td> <td style="color: red; text-align: left"> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--BorrowingCostsRecognisedAsExpenseCurrent_pn3n3_c20250101__20251231_zxmpqHetok3b" style="text-align: right" title="Transaction costs and issue premiums, current"> (94,415)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--BorrowingCostsRecognisedAsExpenseCurrent_pn3n3_c20240101__20241231_zzl9S6JpTofh" style="text-align: right" title="Transaction costs and issue premiums, current"> (80,879)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--BorrowingCostsRecognisedAsExpenseNoncurent_iI_pn3n3_c20251231_zf8xfhOLYjIl" style="text-align: right" title="Transaction costs and issue premiums, noncurrent">(573,658)</td> <td> </td> <td id="xdx_98E_ecustom--BorrowingCostsRecognisedAsExpenseNoncurent_iI_pn3n3_c20241231_zxB9LputZise" style="text-align: right" title="Transaction costs and issue premiums, noncurrent">(563,078)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Total Borrowings and Financing + Transaction cost</td> <td style="color: red; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_982_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20251231_zbqA9Vk6e4c8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings and financing and transaction costs, current">10,428,559</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ShorttermBorrowings_pn3n3_c20241231_zu6EyyPIMSt7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings and financing and transaction costs, current">8,821,679</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--LongtermBorrowings_iI_pn3n3_c20251231_zsxnXdelXfFl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings and financing and transaction costs, noncurrent">42,495,988</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--LongtermBorrowings_pn3n3_c20241231_zBtB6PtdnyAb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings and financing and transaction costs, noncurrent">48,092,942</td></tr> </table> <p id="xdx_8A4_z6DQ11odTQjk" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>14.a)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Changes in Borrowings and Financing</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The following table shows the reconciliation of the book value at the beginning and end of the year:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfNewFundingTransactionsAndAmortizationTableTextBlock_pn3n3_zLAQ8WnUTtyb" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BORROWINGS AND FINANCING (Details 1)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BD_zPKf1hYb8u77" style="display: none">Schedule of reconciliation of the book value</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td id="xdx_490_20250101__20251231_zu4zIpHmUwth" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_497_20240101__20241231_zO8ACzAdoRva" style="vertical-align: middle; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 60%"> </td> <td style="width: 1%"> </td> <td style="width: 5%"> </td> <td style="width: 1%"> </td> <td style="width: 16%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Ref.</td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr id="xdx_409_eifrs-full--OtherBorrowings_iS_pn3n3_zIdT5W22QBO6" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Opening balance</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right">56,914,621</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">44,859,075</td></tr> <tr id="xdx_406_ecustom--AdditionalFundingTransactions_pn3n3_z4DKWP7Qdafg" style="background-color: White"> <td style="vertical-align: middle">New debts</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right">11,121,708</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">10,180,554</td></tr> <tr id="xdx_405_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_zc9w0jDzV8Hc" style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Repayment</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> (11,717,772)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">(6,927,383)</td></tr> <tr id="xdx_40E_eifrs-full--InterestExpenseOnBorrowings_iN_pn3n3_di_zYiEgL9wIjkk" style="background-color: White"> <td style="vertical-align: middle">Payments of charges</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> (4,267,926)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(4,052,226)</td></tr> <tr id="xdx_40D_ecustom--ChangesInOtherBorrowingsProvisions_pn3n3_zdGm31miemac" style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Accrued charges</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">30</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right">4,314,121</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 4,230,413</td></tr> <tr id="xdx_40F_ecustom--AcquisitionOfStakesInSubsidiariesBorrowings_pn3n3_zACK91aiFh9g" style="background-color: White"> <td style="vertical-align: middle">Acquisition of stakes in subsidiaries</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">3</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right">641,574</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40A_ecustom--IronOrePrepayment1Borrowings_pn3n3_zqpzcOGN4lBi" style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Iron ore prepayment <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right">66,717</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40E_ecustom--AmortizationOfIronOrePrepayments1Borrowings_pn3n3_zZDj9usepY96" style="background-color: White"> <td style="vertical-align: middle">Amortization of iron ore prepayments <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> (66,717)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40F_ecustom--OthersChangesInOtherBorrowings_pn3n3_zWjJKrhNmcah" style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Other <span style="font: normal 400 8pt Helvetica light">⁽²⁾</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> (4,081,779)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 8,624,188</td></tr> <tr id="xdx_407_eifrs-full--OtherBorrowings_iE_pn3n3_zZequF8eUQle" style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Closing balance</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">52,924,547</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">56,914,621</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 2%">(1)</td> <td style="width: 98%">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.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 2%">(2)</td> <td style="width: 98%">Amounts include unrealized changes in exchange rate and inflation, as well as costs of capital raising.</td></tr> </table> <p id="xdx_8AB_zIjzELOae3Da" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In 2025, the Company entered into new debt agreements and amortized borrowings and financing as shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfGroupCapturesAndAmortizedLoansTableTextBlock_pn3n3_zHMJyCngcGD2" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BORROWINGS AND FINANCING (Details 2)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BF_zWutVFZ16lTk" style="display: none">Schedule of amortized borrowings and financing</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 43%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 16%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Nature</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">New debts</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Maturities</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Repayment</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Interest payment</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Pre-Payment</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_98C_ecustom--AdditionalFundingTransactions_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_z2d54WXkTON7" style="vertical-align: bottom; text-align: right" title="New debts"> 2,490,399</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"><span id="xdx_907_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zhxLl3ediBd8" title="Maturities">2027</span></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zPjkKyoDyPHe" style="vertical-align: bottom; text-align: right" title="Repayment">(2,207,681)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_ecustom--InterestExpenseOnBorrowing_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zWovZZE9KRXj" style="vertical-align: bottom; text-align: right" title="Interest payment">(611,401)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">Bonds, Foreign Exchange Contract and Facility</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--AdditionalFundingTransactions_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_zPOm15y3b3Ge" style="vertical-align: bottom; text-align: right" title="New debts"> 5,024,598</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> <span id="xdx_907_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_za3nBjF6aIog" title="Maturities">2026 to 2028</span> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_zPVbdssY7CLe" style="vertical-align: bottom; text-align: right" title="Repayment">(5,164,712)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_ecustom--InterestExpenseOnBorrowing_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_z2YB3GjYRzDh" style="vertical-align: bottom; text-align: right" title="Interest payment"> (1,569,845)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">BNDES/FINAME/FINEP, Debentures, CRI and NCE</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_ecustom--AdditionalFundingTransactions_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_z69cTCUfPWWj" style="vertical-align: bottom; text-align: right" title="New debts"> 3,606,711</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> <span id="xdx_90A_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zKYIPDXUDHGe" title="Maturities">2026 to 2042</span> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zMH5Kn5uS6A8" style="vertical-align: bottom; text-align: right" title="Repayment">(4,345,379)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_ecustom--InterestExpenseOnBorrowing_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zF45L1nGNun4" style="vertical-align: bottom; text-align: right" title="Interest payment"> (2,086,680)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_ecustom--AdditionalFundingTransactions_pn3n3_c20250101__20251231_zleXzGrhBHVd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="New debts"> 11,121,708</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20250101__20251231_z55t6lkTML11" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Repayment">(11,717,772)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--InterestExpenseOnBorrowing_pn3n3_c20250101__20251231_zK3zTgGEw9ai" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Interest payment"> (4,267,926)</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 43%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 16%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Nature</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">New debts</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Maturities</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Repayment</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Interest payment</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; vertical-align: middle">Pre-Payment</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_987_ecustom--AdditionalFundingTransactions_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zdAfphjJ85Tg" style="vertical-align: bottom; text-align: right" title="New debts"> 1,368,163</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span id="xdx_90C_eifrs-full--BorrowingsMaturity_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_znmwxaLWpGej" title="Maturities">2027</span></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zKaRfZFxyCq6" style="vertical-align: bottom; text-align: right" title="Repayment">(910,098)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98B_ecustom--InterestExpenseOnBorrowing_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zySp3dbyiT38" style="vertical-align: bottom; text-align: right" title="Interest payment">(601,576)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">Bonds, ACC, CCE and Facility </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_ecustom--AdditionalFundingTransactions_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_zGk9RPDFCeyk" style="vertical-align: bottom; text-align: right" title="New debts"> 5,764,390</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> <span id="xdx_90E_eifrs-full--BorrowingsMaturity_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_z5pUCi6HFh72" title="Maturities">2024 to 2027</span> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_zWt5WwYRORCk" style="vertical-align: bottom; text-align: right" title="Repayment">(3,895,219)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_ecustom--InterestExpenseOnBorrowing_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_zQtIhmrjpVJ9" style="vertical-align: bottom; text-align: right" title="Interest payment">(1,545,960)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">BNDES/FINAME/FINEP, debentures, NCE, Facility and CCB</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--AdditionalFundingTransactions_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zQxL3QvnGUfe" style="vertical-align: bottom; text-align: right" title="New debts"> 3,048,001</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> <span id="xdx_900_eifrs-full--BorrowingsMaturity_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zdpXfKJUEVPe" title="Maturities">2024 to 2029</span> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zocWDwNbDcli" style="vertical-align: bottom; text-align: right" title="Repayment">(2,122,066)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--InterestExpenseOnBorrowing_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zFmXVwxgejGa" style="vertical-align: bottom; text-align: right" title="Interest payment">(1,904,690)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--AdditionalFundingTransactions_pn3n3_c20240101__20241231_z494aFOwbkYj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="New debts">  10,180,554</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20240101__20241231_zIZB5ej9ewnk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Repayment">(6,927,383)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_ecustom--InterestExpenseOnBorrowing_pn3n3_c20240101__20241231_zpOy3Z7gnu2a" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Interest payment">(4,052,226)</td></tr> </table> <p id="xdx_8A6_zhSVWVOm5occ" style="font: 10pt/115% Helvetica light,serif; margin-top: 0; margin-bottom: 0; text-align: left"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>14.b)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Maturities of Debts Presented in Current and Non-Current Liabilities</b></span></td></tr></table> <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfMaturitiesOfBorrowingsFinancingAndDebenturesTableTextBlock_pn3n3_zteTYuSHQgG4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BORROWINGS AND FINANCING (Details 3)"> <tr> <td style="vertical-align: middle; text-align: left"><span id="xdx_8BF_zhGa6XKrzLQ4" style="display: none">Schedule of maturities of borrowings and financing</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 20%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 23%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 29%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 25%">Consolidated</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 8.5pt; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt"> </td> <td style="text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">In foreign currency</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">In national currency</td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Average rate</td> <td style="text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">US$ 6.42% <span style="font: normal 700 10pt Helvetica light"></span><span style="font: normal 700 10pt Aptos Narrow, sans-serif">€</span> <span style="font: normal 700 8pt Helvetica light"> 3.53%</span></td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">R$ 16.1%</td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2026</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zJIG0syPwtK5" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">7,909,035</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zWO6a2TrvPfi" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 2,613,938</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_z7We5bLnsX37" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 10,522,973</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2027</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_z03DOGrQJob8" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,890,494</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zfoCHeIlmWHb" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 3,915,457</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_z6O6K3Nyw9i9" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 7,805,951</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2028</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_z1js2HHhHObl" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">8,891,443</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zN010QR2fT28" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 2,509,911</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_ziugJZkyBJkf" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 11,401,354</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2029</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zmhqFd5aywBd" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 564,742</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zv5139nuRqNd" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 1,909,546</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zVeISoB6J9mi" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 2,474,288</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2030</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zpCoToMFFRx8" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">4,319,384</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zHm6bxHYWGZa" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 1,632,412</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zK7Y7jmQRKH9" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 5,951,796</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2031</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_zalG3oiOcEcc" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">5,144,744</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_zXFQEDTP6aHe" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 1,460,420</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_z4B4FbOa6iI5" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 6,605,164</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">After 2031</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_zf8ElpMRsHs1" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,177,635</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_zQtlteeyabnj" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 5,653,459</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_zotmaJGo81b" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 8,831,094</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember_zg7dj2ZEeqRl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures">33,897,477</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember_z5xf6ZCTq8Ma" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures"> 19,695,143</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Borrowings_iI_pn3n3_c20251231_zmW3jaFHrZh1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures"> 53,592,620</td></tr> </table> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle"> <td style="width: 20%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 23%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 29%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 25%">Consolidated</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 8.5pt; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt"> </td> <td style="text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">In foreign currency</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">In national currency </td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Average rate</td> <td style="text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">US$ 6.63% <span style="font: normal 700 8pt Aptos Narrow, sans-serif">€</span> <span style="font: normal 700 8pt Helvetica light">4.13%</span></td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">R$ 14.17%</td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2025</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zhq4MLOTLED8" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">5,793,468</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zjmjrzAVZbZg" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,109,090</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zyHy8ISQjzE7" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">8,902,558</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2026</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zTKOfoQmd1Z3" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,743,647</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zFivUJv21Twe" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">2,451,482</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zfw07a0F8cVc" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">6,195,129</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2027</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zLwVwTOGDqF3" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,092,488</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zvCbgjFeyWQf" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,960,658</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zZ0BETwt4756" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">7,053,146</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2028</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zgmBAXPaL2vf" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">9,587,952</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zXc71O9TWj6c" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">2,129,007</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zoCuUD1pWqxk" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 11,716,959</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2029</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zPSFfQ164NXb" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">661,132</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zQzh9kaBVt9" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">1,088,655</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_z7xgeiI4Bj18" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">1,749,787</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2030 to 2032</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_z5Amxvo8jbP5" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 14,522,803</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_zPGn0I6zqjP" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">4,087,733</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_z8YXGY4ak5Bb" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 18,610,536</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">After 2032</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_zA1mhuEaq9i1" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">445,330</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_zk4fa41DhkV9" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">2,885,133</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_z805CgkrII26" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,330,463</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember_z4BDiq22OELi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures"> 37,846,820</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember_z8yB8Iy7J9Hb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures"> 19,711,758</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20241231_zGVLYnVMG3ql" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures"> 57,558,578</td></tr> </table> <p id="xdx_8AF_zAkUcSsrahu" style="font: 10pt/115% Arial,sans-serif; margin-top: 0; margin-bottom: 0; text-align: left"></p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman; font-size: 7pt">      </span><span style="font-family: Helvetica light,serif"><b>Covenants</b></span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"><i> </i></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company's debt contracts provide for compliance with certain non-financial obligations, as well as maintenance of specific performance parameters and indicators, such as the disclosure of audited financial statements according to regulatory deadlines or having early maturity declared if the net debt to EBITDA indicator reaches the levels specified in these contracts.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">As of the present date, the Company is compliant with the financial and non-financial obligations (covenants) of its current contracts.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Loans and borrowings are initially recognized at fair value, net of transaction cost and subsequently measured at amortized cost and restated using effective interest methods and charges. Interest, commissions, and any financial charges are recorded on an accrual basis, that is, in accordance with the time elapsed.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfBorrowingsFinancingAndDebenturesTableTextBlock_pn3n3_zVeYQ82VyZEh" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BORROWINGS AND FINANCING (Details)"> <tr style="vertical-align: middle"> <td style="font-weight: bold"><span id="xdx_8B7_zdJZ3J9mwxPg" style="display: none">Schedule of borrowings and financing</span></td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle"> <td style="width: 46%"> </td> <td style="width: 2%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Current Liabilities </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> Non-current Liabilities </td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Foreign Debt</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Floating Rates in USD</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Prepayment</td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_987_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRatesMember_zeGVAdR6lGAa" style="text-align: right" title="Borrowings and financing, current">3,236,980</td> <td> </td> <td id="xdx_981_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRatesMember_z65JTGEnaAv9" style="text-align: right" title="Borrowings and financing, current">2,331,452</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRatesMember_zuXaVKjepgp7" style="text-align: right" title="Borrowings and financing, noncurrent">5,601,328</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRatesMember_za1668FpWwa" style="text-align: right" title="Borrowings and financing, noncurrent">7,585,516</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Fixed Rates in USD</td> <td style="color: red; text-align: left"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Bonds, Facility and ACC</td> <td style="text-align: center"> </td> <td style="text-align: left"> </td> <td id="xdx_98B_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedRatesMember_znwOyXWjkQzc" style="text-align: right" title="Borrowings and financing, current">4,034,971</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedRatesMember_zygW2AzyRki6" style="text-align: right" title="Borrowings and financing, current">2,804,036</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedRatesMember_zBUOp4kvUxEe" style="text-align: right" title="Borrowings and financing, noncurrent">20,152,704</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedRatesMember_zPyBFD21cNBg" style="text-align: right" title="Borrowings and financing, noncurrent"> 24,162,280</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Fixed interest in EUR</td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Facility</td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="text-align: left"> </td> <td id="xdx_983_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedInterestInEURMember_zUMDltie3L34" style="text-align: right" title="Borrowings and financing, current">637,083</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedInterestInEURMember_zVzyLW9LQFHe" style="text-align: right" title="Borrowings and financing, current"> 657,980</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedInterestInEURMember_z2kGxRjUt7Cg" style="text-align: right" title="Borrowings and financing, noncurrent"> 234,411</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember__ifrs-full--TypesOfRisksAxis__custom--FixedInterestInEURMember_znrVDAMi80e9" style="text-align: right" title="Borrowings and financing, noncurrent"> 305,556</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left"> </td> <td style="color: red; text-align: center"> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember_zy2pTEVPvC0i" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, current">7,909,034</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember_zOH9ppQHIL2c" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, current">5,793,468</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember_z0A6B1TnLXU1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, noncurrent">25,988,443</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--ForeignDebtMember_z5gDUtt1XGWi" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, noncurrent"> 32,053,352</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td style="color: red; text-align: center"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Debt agreements in BRL</td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Floating Rate Securities</td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">BNDES/FINAME/FINEP, Debentures, CRI and NCE</td> <td style="text-align: center"> </td> <td style="text-align: left"> </td> <td id="xdx_981_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRateSecuritiesMember_zml0VVwUkMi2" style="text-align: right" title="Borrowings and financing, current">2,613,940</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRateSecuritiesMember_zZqBPfLJvPH8" style="text-align: right" title="Borrowings and financing, current">3,109,090</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRateSecuritiesMember_zNhtNEesycyh" style="text-align: right" title="Borrowings and financing, noncurrent">17,081,203</td> <td> </td> <td id="xdx_988_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember__ifrs-full--TypesOfRisksAxis__custom--FloatingRateSecuritiesMember_zhxxKf7zgQie" style="text-align: right" title="Borrowings and financing, noncurrent"> 16,602,668</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left"> </td> <td style="color: red; text-align: left"> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember_zGCNVfRq1D35" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, current">2,613,940</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember_zyhy6ozu4wUi" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, current">3,109,090</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember_z6FjwS2gvVah" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, noncurrent">17,081,203</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231__ifrs-full--BorrowingsByNameAxis__custom--DebtAgreementsInBrazilMember_zeid0FIOsWAb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Borrowings and financing, noncurrent"> 16,602,668</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Total Borrowings and Financing</td> <td style="color: red"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_986_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20251231_zOj2nEwNVwE8" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Borrowings and financing, current">10,522,974</td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_980_ecustom--GrossShorttermBorrowings_iI_pn3n3_c20241231_z2iGrSRTovdk" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Borrowings and financing, current">8,902,558</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20251231_zRmwfi5jLTZc" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Borrowings and financing, noncurrent">43,069,646</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--GrossLongtermBorrowings_iI_pn3n3_c20241231_zODppGWrR0s1" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Borrowings and financing, noncurrent"> 48,656,020</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Transaction Costs and Issue Premiums</td> <td style="color: red; text-align: left"> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--BorrowingCostsRecognisedAsExpenseCurrent_pn3n3_c20250101__20251231_zxmpqHetok3b" style="text-align: right" title="Transaction costs and issue premiums, current"> (94,415)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--BorrowingCostsRecognisedAsExpenseCurrent_pn3n3_c20240101__20241231_zzl9S6JpTofh" style="text-align: right" title="Transaction costs and issue premiums, current"> (80,879)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--BorrowingCostsRecognisedAsExpenseNoncurent_iI_pn3n3_c20251231_zf8xfhOLYjIl" style="text-align: right" title="Transaction costs and issue premiums, noncurrent">(573,658)</td> <td> </td> <td id="xdx_98E_ecustom--BorrowingCostsRecognisedAsExpenseNoncurent_iI_pn3n3_c20241231_zxB9LputZise" style="text-align: right" title="Transaction costs and issue premiums, noncurrent">(563,078)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Total Borrowings and Financing + Transaction cost</td> <td style="color: red; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_982_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20251231_zbqA9Vk6e4c8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings and financing and transaction costs, current">10,428,559</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ShorttermBorrowings_pn3n3_c20241231_zu6EyyPIMSt7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings and financing and transaction costs, current">8,821,679</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--LongtermBorrowings_iI_pn3n3_c20251231_zsxnXdelXfFl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings and financing and transaction costs, noncurrent">42,495,988</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--LongtermBorrowings_pn3n3_c20241231_zBtB6PtdnyAb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Borrowings and financing and transaction costs, noncurrent">48,092,942</td></tr> </table> 3236980000 2331452000 5601328000 7585516000 4034971000 2804036000 20152704000 24162280000 637083000 657980000 234411000 305556000 7909034000 5793468000 25988443000 32053352000 2613940000 3109090000 17081203000 16602668000 2613940000 3109090000 17081203000 16602668000 10522974000 8902558000 43069646000 48656020000 -94415000 -80879000 -573658000 -563078000 10428559000 8821679000 42495988000 48092942000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfNewFundingTransactionsAndAmortizationTableTextBlock_pn3n3_zLAQ8WnUTtyb" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BORROWINGS AND FINANCING (Details 1)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BD_zPKf1hYb8u77" style="display: none">Schedule of reconciliation of the book value</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td id="xdx_490_20250101__20251231_zu4zIpHmUwth" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_497_20240101__20241231_zO8ACzAdoRva" style="vertical-align: middle; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 60%"> </td> <td style="width: 1%"> </td> <td style="width: 5%"> </td> <td style="width: 1%"> </td> <td style="width: 16%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Ref.</td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr id="xdx_409_eifrs-full--OtherBorrowings_iS_pn3n3_zIdT5W22QBO6" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Opening balance</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right">56,914,621</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">44,859,075</td></tr> <tr id="xdx_406_ecustom--AdditionalFundingTransactions_pn3n3_z4DKWP7Qdafg" style="background-color: White"> <td style="vertical-align: middle">New debts</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right">11,121,708</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">10,180,554</td></tr> <tr id="xdx_405_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_zc9w0jDzV8Hc" style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Repayment</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> (11,717,772)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">(6,927,383)</td></tr> <tr id="xdx_40E_eifrs-full--InterestExpenseOnBorrowings_iN_pn3n3_di_zYiEgL9wIjkk" style="background-color: White"> <td style="vertical-align: middle">Payments of charges</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> (4,267,926)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(4,052,226)</td></tr> <tr id="xdx_40D_ecustom--ChangesInOtherBorrowingsProvisions_pn3n3_zdGm31miemac" style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Accrued charges</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">30</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right">4,314,121</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 4,230,413</td></tr> <tr id="xdx_40F_ecustom--AcquisitionOfStakesInSubsidiariesBorrowings_pn3n3_zACK91aiFh9g" style="background-color: White"> <td style="vertical-align: middle">Acquisition of stakes in subsidiaries</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">3</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right">641,574</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40A_ecustom--IronOrePrepayment1Borrowings_pn3n3_zqpzcOGN4lBi" style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Iron ore prepayment <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right">66,717</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40E_ecustom--AmortizationOfIronOrePrepayments1Borrowings_pn3n3_zZDj9usepY96" style="background-color: White"> <td style="vertical-align: middle">Amortization of iron ore prepayments <span style="font: normal 400 8pt Helvetica light">⁽¹⁾</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> (66,717)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40F_ecustom--OthersChangesInOtherBorrowings_pn3n3_zWjJKrhNmcah" style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Other <span style="font: normal 400 8pt Helvetica light">⁽²⁾</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> (4,081,779)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 8,624,188</td></tr> <tr id="xdx_407_eifrs-full--OtherBorrowings_iE_pn3n3_zZequF8eUQle" style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Closing balance</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">52,924,547</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">56,914,621</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 2%">(1)</td> <td style="width: 98%">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.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 2%">(2)</td> <td style="width: 98%">Amounts include unrealized changes in exchange rate and inflation, as well as costs of capital raising.</td></tr> </table> 56914621000 44859075000 11121708000 10180554000 11717772000 6927383000 4267926000 4052226000 4314121000 4230413000 641574000 66717000 -66717000 -4081779000 8624188000 52924547000 56914621000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfGroupCapturesAndAmortizedLoansTableTextBlock_pn3n3_zHMJyCngcGD2" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BORROWINGS AND FINANCING (Details 2)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BF_zWutVFZ16lTk" style="display: none">Schedule of amortized borrowings and financing</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 43%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 16%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Nature</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">New debts</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Maturities</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Repayment</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Interest payment</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">Pre-Payment</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_98C_ecustom--AdditionalFundingTransactions_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_z2d54WXkTON7" style="vertical-align: bottom; text-align: right" title="New debts"> 2,490,399</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"><span id="xdx_907_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zhxLl3ediBd8" title="Maturities">2027</span></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zPjkKyoDyPHe" style="vertical-align: bottom; text-align: right" title="Repayment">(2,207,681)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_ecustom--InterestExpenseOnBorrowing_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zWovZZE9KRXj" style="vertical-align: bottom; text-align: right" title="Interest payment">(611,401)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">Bonds, Foreign Exchange Contract and Facility</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--AdditionalFundingTransactions_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_zPOm15y3b3Ge" style="vertical-align: bottom; text-align: right" title="New debts"> 5,024,598</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> <span id="xdx_907_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_za3nBjF6aIog" title="Maturities">2026 to 2028</span> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_zPVbdssY7CLe" style="vertical-align: bottom; text-align: right" title="Repayment">(5,164,712)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_ecustom--InterestExpenseOnBorrowing_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_z2YB3GjYRzDh" style="vertical-align: bottom; text-align: right" title="Interest payment"> (1,569,845)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">BNDES/FINAME/FINEP, Debentures, CRI and NCE</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_ecustom--AdditionalFundingTransactions_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_z69cTCUfPWWj" style="vertical-align: bottom; text-align: right" title="New debts"> 3,606,711</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> <span id="xdx_90A_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zKYIPDXUDHGe" title="Maturities">2026 to 2042</span> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zMH5Kn5uS6A8" style="vertical-align: bottom; text-align: right" title="Repayment">(4,345,379)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_ecustom--InterestExpenseOnBorrowing_pn3n3_c20250101__20251231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zF45L1nGNun4" style="vertical-align: bottom; text-align: right" title="Interest payment"> (2,086,680)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_ecustom--AdditionalFundingTransactions_pn3n3_c20250101__20251231_zleXzGrhBHVd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="New debts"> 11,121,708</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20250101__20251231_z55t6lkTML11" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Repayment">(11,717,772)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--InterestExpenseOnBorrowing_pn3n3_c20250101__20251231_zK3zTgGEw9ai" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Interest payment"> (4,267,926)</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 43%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 16%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Nature</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">New debts</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Maturities</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Repayment</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Interest payment</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; vertical-align: middle">Pre-Payment</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_987_ecustom--AdditionalFundingTransactions_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zdAfphjJ85Tg" style="vertical-align: bottom; text-align: right" title="New debts"> 1,368,163</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span id="xdx_90C_eifrs-full--BorrowingsMaturity_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_znmwxaLWpGej" title="Maturities">2027</span></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zKaRfZFxyCq6" style="vertical-align: bottom; text-align: right" title="Repayment">(910,098)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98B_ecustom--InterestExpenseOnBorrowing_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--PrepaymentMember_zySp3dbyiT38" style="vertical-align: bottom; text-align: right" title="Interest payment">(601,576)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">Bonds, ACC, CCE and Facility </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_ecustom--AdditionalFundingTransactions_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_zGk9RPDFCeyk" style="vertical-align: bottom; text-align: right" title="New debts"> 5,764,390</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> <span id="xdx_90E_eifrs-full--BorrowingsMaturity_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_z5pUCi6HFh72" title="Maturities">2024 to 2027</span> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_zWt5WwYRORCk" style="vertical-align: bottom; text-align: right" title="Repayment">(3,895,219)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_ecustom--InterestExpenseOnBorrowing_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BondsPerpetualBondsACCAndFacilityMember_zQtIhmrjpVJ9" style="vertical-align: bottom; text-align: right" title="Interest payment">(1,545,960)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">BNDES/FINAME/FINEP, debentures, NCE, Facility and CCB</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--AdditionalFundingTransactions_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zQxL3QvnGUfe" style="vertical-align: bottom; text-align: right" title="New debts"> 3,048,001</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> <span id="xdx_900_eifrs-full--BorrowingsMaturity_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zdpXfKJUEVPe" title="Maturities">2024 to 2029</span> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zocWDwNbDcli" style="vertical-align: bottom; text-align: right" title="Repayment">(2,122,066)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--InterestExpenseOnBorrowing_pn3n3_c20240101__20241231__ifrs-full--BorrowingsByNameAxis__custom--BNDESFINAMEFINEPDebenturesNCEFacilityAndCCBMember_zFmXVwxgejGa" style="vertical-align: bottom; text-align: right" title="Interest payment">(1,904,690)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--AdditionalFundingTransactions_pn3n3_c20240101__20241231_z494aFOwbkYj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="New debts">  10,180,554</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--RepaymentsOfBorrowingsClassifiedAsFinancingActivities_iN_pn3n3_di_c20240101__20241231_zIZB5ej9ewnk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Repayment">(6,927,383)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_ecustom--InterestExpenseOnBorrowing_pn3n3_c20240101__20241231_zpOy3Z7gnu2a" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Interest payment">(4,052,226)</td></tr> </table> 2490399000 2027 2207681000 -611401000 5024598000 2026 to 2028 5164712000 -1569845000 3606711000 2026 to 2042 4345379000 -2086680000 11121708000 11717772000 -4267926000 1368163000 2027 910098000 -601576000 5764390000 2024 to 2027 3895219000 -1545960000 3048001000 2024 to 2029 2122066000 -1904690000 10180554000 6927383000 -4052226000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfMaturitiesOfBorrowingsFinancingAndDebenturesTableTextBlock_pn3n3_zteTYuSHQgG4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - BORROWINGS AND FINANCING (Details 3)"> <tr> <td style="vertical-align: middle; text-align: left"><span id="xdx_8BF_zhGa6XKrzLQ4" style="display: none">Schedule of maturities of borrowings and financing</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 20%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 23%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 29%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 25%">Consolidated</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 8.5pt; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt"> </td> <td style="text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">In foreign currency</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">In national currency</td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Average rate</td> <td style="text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">US$ 6.42% <span style="font: normal 700 10pt Helvetica light"></span><span style="font: normal 700 10pt Aptos Narrow, sans-serif">€</span> <span style="font: normal 700 8pt Helvetica light"> 3.53%</span></td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">R$ 16.1%</td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2026</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zJIG0syPwtK5" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">7,909,035</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zWO6a2TrvPfi" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 2,613,938</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_z7We5bLnsX37" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 10,522,973</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2027</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_z03DOGrQJob8" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,890,494</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zfoCHeIlmWHb" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 3,915,457</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_z6O6K3Nyw9i9" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 7,805,951</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2028</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_z1js2HHhHObl" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">8,891,443</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zN010QR2fT28" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 2,509,911</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_ziugJZkyBJkf" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 11,401,354</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2029</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zmhqFd5aywBd" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 564,742</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zv5139nuRqNd" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 1,909,546</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zVeISoB6J9mi" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 2,474,288</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2030</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zpCoToMFFRx8" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">4,319,384</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zHm6bxHYWGZa" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 1,632,412</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zK7Y7jmQRKH9" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 5,951,796</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2031</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_zalG3oiOcEcc" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">5,144,744</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_zXFQEDTP6aHe" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 1,460,420</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_z4B4FbOa6iI5" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 6,605,164</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">After 2031</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_zf8ElpMRsHs1" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,177,635</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_zQtlteeyabnj" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 5,653,459</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Borrowings_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_zotmaJGo81b" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 8,831,094</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember_zg7dj2ZEeqRl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures">33,897,477</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--Borrowings_iI_pn3n3_c20251231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember_z5xf6ZCTq8Ma" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures"> 19,695,143</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Borrowings_iI_pn3n3_c20251231_zmW3jaFHrZh1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures"> 53,592,620</td></tr> </table> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle"> <td style="width: 20%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 23%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 29%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 25%">Consolidated</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-size: 8.5pt; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt"> </td> <td style="text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">In foreign currency</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">In national currency </td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">Average rate</td> <td style="text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">US$ 6.63% <span style="font: normal 700 8pt Aptos Narrow, sans-serif">€</span> <span style="font: normal 700 8pt Helvetica light">4.13%</span></td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">R$ 14.17%</td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2025</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zhq4MLOTLED8" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">5,793,468</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zjmjrzAVZbZg" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,109,090</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zyHy8ISQjzE7" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">8,902,558</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2026</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zTKOfoQmd1Z3" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,743,647</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zFivUJv21Twe" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">2,451,482</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zfw07a0F8cVc" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">6,195,129</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2027</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zLwVwTOGDqF3" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,092,488</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zvCbgjFeyWQf" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,960,658</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zZ0BETwt4756" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">7,053,146</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2028</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zgmBAXPaL2vf" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">9,587,952</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zXc71O9TWj6c" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">2,129,007</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zoCuUD1pWqxk" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 11,716,959</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">2029</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zPSFfQ164NXb" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">661,132</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_zQzh9kaBVt9" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">1,088,655</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFourYearsAndNotLaterThanFiveYearsMember_z7xgeiI4Bj18" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">1,749,787</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: left">2030 to 2032</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_z5Amxvo8jbP5" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 14,522,803</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_zPGn0I6zqjP" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">4,087,733</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__custom--LaterThanFiveYearsAndNotLaterThanNineYearsMember_z8YXGY4ak5Bb" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures"> 18,610,536</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: left">After 2032</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_zA1mhuEaq9i1" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">445,330</td> <td style="color: red; vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_zk4fa41DhkV9" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">2,885,133</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20241231__ifrs-full--MaturityAxis__custom--LaterThanNineYearsMember_z805CgkrII26" style="vertical-align: bottom; text-align: right" title="Maturities of loans, financing and debentures">3,330,463</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--ForeignCurrencyMember_z4BDiq22OELi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures"> 37,846,820</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Borrowings_iI_pn3n3_c20241231__custom--TypeOfFunctionalCurrencyAxis__custom--NationalCurrencyMember_z8yB8Iy7J9Hb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures"> 19,711,758</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--Borrowings_iI_pn3n3_c20241231_zGVLYnVMG3ql" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Maturities of loans, financing and debentures"> 57,558,578</td></tr> </table> 7909035000 2613938000 10522973000 3890494000 3915457000 7805951000 8891443000 2509911000 11401354000 564742000 1909546000 2474288000 4319384000 1632412000 5951796000 5144744000 1460420000 6605164000 3177635000 5653459000 8831094000 33897477000 19695143000 53592620000 5793468000 3109090000 8902558000 3743647000 2451482000 6195129000 3092488000 3960658000 7053146000 9587952000 2129007000 11716959000 661132000 1088655000 1749787000 14522803000 4087733000 18610536000 445330000 2885133000 3330463000 37846820000 19711758000 57558578000 <p id="xdx_800_eifrs-full--DisclosureOfFinancialInstrumentsExplanatory_zmLopDToaPf2" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>15.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_82F_za5fXmibwYIf">FINANCIAL INSTRUMENTS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>15.a)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Identification and valuation of financial instruments</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company may operate with several financial instruments, with an emphasis on cash and cash equivalents, including financial investments, marketable securities, accounts receivable from customers, accounts payable to suppliers and borrowings and financing. Additionally, the Company may also operate with derivative financial instruments, such as swap of exchange or interest and commodities derivatives.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Given the nature of these instruments, fair value is essentially determined using observable quotations in active markets, particularly B3 S.A. – Brasil, Bolsa, Balcão. The amounts recorded in current assets and liabilities have immediate liquidity or maturity, mostly in the short term. Considering the terms and characteristics of these instruments, the carrying amounts approximate the fair values.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 21.3pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Classification of financial instruments </b></span></td></tr></table> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfFinancialInstrumentsTableTextBlock_pn3n3_z6MZI0YTcRR6" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details)"> <tr> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"><span id="xdx_8B1_zVygErYeSVhl" style="display: none">Schedule of financial instruments</span></td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td id="xdx_49E_20251231__ifrs-full--CategoriesOfFinancialAssetsAxis__custom--FinancialInstrumentsAtFairValueThroughProfitOrLossCategoryMember_zJwfhwDovtEe" style="vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_49A_20251231__ifrs-full--CategoriesOfFinancialAssetsAxis__custom--FairValueThroughProfitOrLossMember_zjgtsiuVxAD4" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_494_20251231__ifrs-full--CategoriesOfFinancialAssetsAxis__custom--FinancialInstrumentsAtAmortisedCostCategoryMember_zFG31dcoRatb" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_49E_20251231_zWGdoG2dQ0ja" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_490_20241231__ifrs-full--CategoriesOfFinancialAssetsAxis__custom--FinancialInstrumentsAtFairValueThroughProfitOrLossCategoryMember_zDyE6jjMW6y7" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_494_20241231__ifrs-full--CategoriesOfFinancialAssetsAxis__custom--FinancialInstrumentsAtAmortisedCostCategoryMember_z0XR8Qcoerg1" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_496_20241231_zT2QI2PRr2Tk" style="vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 26%"> </td> <td style="width: 1%"> </td> <td style="width: 3%"> </td> <td style="width: 1%"> </td> <td style="width: 9%"> </td> <td style="width: 1%"> </td> <td style="width: 9%"> </td> <td style="width: 1%"> </td> <td style="width: 9%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td rowspan="3" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Ref.</td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Fair value through other comprehensive income</td> <td style="text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Fair value through profit or loss</td> <td style="text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Measured at amortized cost</td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Balances</td> <td style="text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Fair value through profit or loss</td> <td style="text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Measured at amortized cost</td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Balances</td></tr> <tr style="vertical-align: middle"> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr id="xdx_40F_eifrs-full--AssetsAbstract_iB_zNfuTukKh097" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left">Assets</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr id="xdx_40E_eifrs-full--CurrentAssetsAbstract_iB_zEa9rTUEmwpi" style="background-color: White"> <td style="padding-left: 15px; font-weight: bold; vertical-align: middle; text-align: left">Current</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="color: red; vertical-align: bottom; text-align: center"> </td> <td style="color: red; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td></tr> <tr id="xdx_406_eifrs-full--CashAndCashEquivalents_iI_pn3n3_zJdeO1yoYku8" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Cash and cash equivalents</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">4</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">14,421,022</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">14,421,022</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 23,310,197</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">23,310,197</td></tr> <tr id="xdx_409_ecustom--CurrentFinancialInvestments_iI_pn3n3_zz8HYlULBlt9" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Financial investments</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">5</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 372,397</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">270,318</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 642,715</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 860,591</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">50,787</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 911,378</td></tr> <tr id="xdx_406_eifrs-full--CurrentTradeReceivables_iI_pn3n3_z2iHdJOZgCj9" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade receivables</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">6</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 66,464</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,330,569</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,397,033</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 181,262</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 2,719,736</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,900,998</td></tr> <tr id="xdx_404_ecustom--CurrentDividendsAndInterestOnEquity_iI_pn3n3_z9qvSbTmvVy4" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Dividends and interest on equity</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">76,026</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">76,026</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">201,436</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 201,436</td></tr> <tr id="xdx_40C_eifrs-full--DerivativeFinancialAssets_iI_pn3n3_zyiB6i1ugxT5" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative financial instruments</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 494</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 494</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 152,967</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 152,967</td></tr> <tr id="xdx_40C_ecustom--CurrentReceivablesByIndemnity_pn3n3_zr45ggulZrLl" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Receivables - Usiminas Shares</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">192,911</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 192,911</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40A_ecustom--CurrentOtherReceivables_iI_pn3n3_z7piHEi2WHE4" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other receivables</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,377</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,377</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40D_ecustom--CurrentTradingSecurities_iI_pn3n3_zjnjfdtXffT3" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trading securities</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right">2,598</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,598</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,947</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,947</td></tr> <tr id="xdx_408_ecustom--CurrentLoansRelatedParties_iI_pn3n3_zyAXUV8Qad4h" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Loans - related parties</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">24.b</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">4,147</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">4,147</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 5,315</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">5,315</td></tr> <tr id="xdx_400_ecustom--CurrentAsset_iI_pn3n3_zsal4HFos9li" style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Total</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> 441,953</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">17,297,370</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">17,739,323</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">1,197,767</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> 26,287,471</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">27,485,238</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_401_eifrs-full--NoncurrentAssetsAbstract_iB_zAiso2UDHiv1" style="background-color: White"> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left">Non-current</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_408_ecustom--NonCurrentFinancialInvestments_iI_pn3n3_zLGGDXZZ3UJc" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Financial investments</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">5</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-size: 7pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">25,257</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">25,257</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">169,977</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 169,977</td></tr> <tr id="xdx_40E_ecustom--NoncurrentReceivablesUsiminasShares_iI_pn3n3_zp94uzBdGTgf" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Receivables - Usiminas Shares</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-size: 7pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">150,578</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 150,578</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40D_eifrs-full--NoncurrentTradeReceivables_iI_pn3n3_zVz3dQObI1Mi" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other trade receivables</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">19,759</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">19,759</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 1,888</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">1,888</td></tr> <tr id="xdx_407_ecustom--NonCurrentEletrobrsCompulsoryLoan_iI_pn3n3_zimsQs1482z6" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Eletrobrás compulsory loan</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">3,787</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">3,787</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">51,012</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 51,012</td></tr> <tr id="xdx_407_ecustom--NonCurrentReceivablesByIndemnity_pn3n3_zd5Z4UUFpOQh" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Receivables by indemnity</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">779,827</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 779,827</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">790,914</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 790,914</td></tr> <tr id="xdx_405_ecustom--NonCurrentLoansRelatedParties_iI_pn3n3_z9UHPgI8OB48" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Loans - related parties</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">24.b</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-size: 7pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,137,882</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,137,882</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 1,903,028</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">1,903,028</td></tr> <tr id="xdx_402_ecustom--NoncurrentAsset_iI_pn3n3_zHTaPh7XV5Ng" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Total</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">3,117,090</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">3,117,090</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> 2,916,819</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">2,916,819</td></tr> <tr style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_400_ecustom--Assets1_iI_pn3n3_zXC8FPv5rGW7" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Total Assets</td> <td style="vertical-align: bottom"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 441,953</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">20,414,460</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">20,856,413</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">1,197,767</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 29,204,290</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">30,402,057</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr id="xdx_404_eifrs-full--LiabilitiesAbstract_iB_zVVJuvmij5dh" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left">Liabilities</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_404_eifrs-full--CurrentLiabilitiesAbstract_iB_zBoy5b9VLhD4" style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Current</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40E_ecustom--CurrentBorrowingsAndFinancing_iI_pn3n3_zcAMB1rIYnE9" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Borrowings and financing </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">14</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">10,522,974</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">10,522,974</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 8,902,558</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">8,902,558</td></tr> <tr id="xdx_406_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_zEtNXH5LHE62" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Lease liabilities</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">16</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">238,702</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 238,702</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">206,323</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 206,323</td></tr> <tr id="xdx_402_ecustom--CurrentTradePayables_iI_pn3n3_zFqfGjYJQeze" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade payables</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">17</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">7,162,929</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">7,162,929</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 7,030,734</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">7,030,734</td></tr> <tr id="xdx_40F_ecustom--CurrentTradePayablesForfaiting_iI_pn3n3_zjJHIn6YzMWj" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade payables - Forfaiting</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">17.a</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,905,018</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,905,018</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 2,902,593</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,902,593</td></tr> <tr id="xdx_40E_ecustom--CurrentDividendsAndInterestOnCapital_iI_pn3n3_zYjFXxQ3Ubzj" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Dividends and interest on capital</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">19</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">358,040</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 358,040</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">61,965</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 61,965</td></tr> <tr id="xdx_40E_ecustom--CurrentDerivativeFinancialInstruments_iI_pn3n3_z3THxAW1Btte" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative transactions</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">19</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 67,304</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">67,304</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_409_ecustom--CurrentConcessionsToBePaid_iI_pn3n3_zgmIRVMybtDj" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Concessions to be paid</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">19</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">13,350</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">13,350</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">12,555</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 12,555</td></tr> <tr id="xdx_406_ecustom--CurrentLiability_iI_pn3n3_zgna15MenwYf" style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Total</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> 67,304</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">21,201,013</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">21,268,317</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> 19,116,728</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">19,116,728</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="color: red; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="color: red; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="color: red; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="color: red; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40E_eifrs-full--NoncurrentLiabilitiesAbstract_iB_zdoHtE5fl4s1" style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Non-current</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_400_ecustom--NonCurrentBorrowingsAndFinancing_iI_pn3n3_zzhwEZtqtqrj" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Borrowings and financing </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">14</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">43,069,646</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">43,069,646</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 48,656,020</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">48,656,020</td></tr> <tr id="xdx_40F_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_z0ZFtTOJhNt3" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Lease liabilities</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">16</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">855,037</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 855,037</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">633,982</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 633,982</td></tr> <tr id="xdx_40A_ecustom--NonCurrentTradePayables_iI_pn3n3_zCtUxqdFMUPk" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade payables</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">17</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">66,807</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">66,807</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">43,263</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 43,263</td></tr> <tr id="xdx_408_ecustom--NonCurrentDerivativeFinancialInstruments_iI_pn3n3_zpUoHqU4t1Bk" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative transactions</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">19</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 153,507</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 153,507</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 157,857</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 157,857</td></tr> <tr id="xdx_402_ecustom--NonCurrentConcessionsToBePaid_iI_pn3n3_ze2U0QFRctNa" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Concessions to be paid</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">19</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">78,419</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">78,419</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">78,728</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 78,728</td></tr> <tr id="xdx_400_ecustom--NoncurrentLiability_iI_pn3n3_zEEieb2WEDJ2" style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Total</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> 153,507</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">44,069,909</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">44,223,416</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> 157,857</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> 49,411,993</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">49,569,850</td></tr> <tr id="xdx_409_ecustom--TotalLiabilities_pn3n3_zTy2tC1uLnN9" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Total Liabilities</td> <td style="vertical-align: bottom"> </td> <td style="color: red; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 67,304</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 153,507</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">65,270,922</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">65,491,733</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 157,857</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 68,528,721</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">68,686,578</td></tr> </table> <p id="xdx_8AB_zhFE0HETtpjj" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 21.3pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Fair Value Measurement </b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The following table shows the financial instruments recorded at fair value through profit or loss, classifying them according to the fair value hierarchy:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfFinancialInstrumentsAtFairValueThroughProfitOrLossTableTextBlock_pn3n3_zwrkOGO57dD7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 1)"> <tr style="vertical-align: middle"> <td style="padding-left: 15px; font-weight: bold; text-align: left"><span id="xdx_8B6_z521UozQ9Fp2" style="display: none">Schedule of fair value hierarchy</span></td> <td style="text-align: center"> </td> <td id="xdx_49B_20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zp7VcLsX9H59" style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td id="xdx_49F_20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zGwYjFbM0c6h" style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td id="xdx_498_20251231_ztE15VCPxC59" style="color: red; text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_49A_20241231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zZ5qXPOVWlm4" style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_49B_20241231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zfGazhp9eQ49" style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_493_20241231_zZlRS3Ts1wv5" style="text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center; width: 39%">Consolidated</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%">12/31/2025</td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 10%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Level 1</td> <td style="border-top: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Level 2</td> <td style="border-top: Black 0.5pt solid; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Balances</td> <td style="text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Level 1</td> <td style="border-top: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Level 2</td> <td style="border-top: Black 0.5pt solid; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Balances</td></tr> <tr id="xdx_40F_eifrs-full--AssetsAbstract_iB_z56XiyXhFjpd" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left">Assets</td> <td style="text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr id="xdx_40E_eifrs-full--CurrentAssetsAbstract_iB_zFCxqUYgVjR5" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current</td> <td style="text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr id="xdx_403_ecustom--CurrentFinancialInvestment_iI_pn3n3_z6UIZpAwX6yi" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Financial investments</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">372,397</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">372,397</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">860,591</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">860,591</td></tr> <tr id="xdx_401_ecustom--CurrentTradeReceivablesNet_iI_pn3n3_zO8JLJyBBWRl" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade receivables, net</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">66,464</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">66,464</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">181,262</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">181,262</td></tr> <tr id="xdx_407_ecustom--CurrentDerivativeFinancialInstrument_iI_pn3n3_zml7nCpbdOKl" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative transactions</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">494</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">494</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">152,967</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">152,967</td></tr> <tr id="xdx_409_ecustom--CurrentTradingSecurities_iI_pn3n3_zZ83w0NkH4E3" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trading securities</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">2,598</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,598</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">2,947</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">2,947</td></tr> <tr id="xdx_408_ecustom--Asset_iI_pn3n3_zeRGTwlZ2477" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Total Assets</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">441,459</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; vertical-align: bottom; text-align: right">494</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">441,953</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 1,044,800</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">152,967</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 1,197,767</td></tr> <tr id="xdx_404_eifrs-full--LiabilitiesAbstract_iB_zJXpooih6eac" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Liabilities</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_404_eifrs-full--CurrentLiabilitiesAbstract_iB_zUPNNU0iAR27" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; vertical-align: middle; text-align: left">Current</td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40C_ecustom--CurrentDerivativeFinancialInstruments1_iI_pn3n3_zfry5IGOvdlc" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative financial instruments</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">67,304</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">67,304</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40E_eifrs-full--NoncurrentLiabilitiesAbstract_iB_zvSQB0YhPQka" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; vertical-align: middle; text-align: left">Non-current</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_409_ecustom--NonCurrentDerivativeFinancialInstruments_iI_pn3n3_zgKNaTo1VF15" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative transactions</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">153,507</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">153,507</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">157,857</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">157,857</td></tr> <tr id="xdx_406_ecustom--Liability_iI_pn3n3_zaoc0ugZ8Y3i" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Total Liabilities</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">220,811</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">220,811</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">157,857</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">157,857</td></tr> </table> <p id="xdx_8AF_z3mx58Sov0p9" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span style="font-style: normal"><b>Level 1</b> - Data prices are quoted in an active market for items identical to the assets and liabilities being measured.</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span style="font-style: normal"> </span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span style="font-style: normal"><b>Level 2</b> - Consider inputs observable in the market, such as interest rates, exchange rates, etc., but are not prices negotiated in active markets.</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span style="font-style: normal"> </span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span style="font-style: normal"><b>Level 3 - </b>There are no assets and liabilities classified as level 3.</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span style="font-style: normal"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>15.b)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Financial Risk Management</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company uses risk management strategies with guidance on the risks incurred on the business. The nature and general position of financial risks are regularly monitored and managed to assess results and the financial impact on cash flow. Credit limits and hedge quality of counterparties are also reviewed periodically.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Market risks are hedged when it is considered necessary to support the corporate strategy or when it is necessary to maintain the level of financial flexibility.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company is exposed to exchange rates, interest rates, market prices and liquidity risks.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company may manage some of the risks using derivative instruments not associated with any speculative trading or short selling.</p> <p style="font: 10pt Helvetica light,serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 9pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>i)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Exchange Rate Risk</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 21.3pt; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The exposure arises from the existence of assets and liabilities denominated in Dollar or Euro, since the Company’s functional currency is substantially the Real and is referred to as natural exchange exposure. Net exposure is the result of the offsetting of the natural exchange exposure by the instruments of hedge adopted by CSN.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The consolidated net exposure as is shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfForeignExchangeExposureTableTextBlock_pn3n3_z48vPVmDWiy7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 2)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BA_ztEX9T17oCs3" style="display: none">Schedule of net exposure</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-size: 12pt; font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 67%">Foreign Exchange Exposure</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 16%">(Amounts in US$’000)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 15%">(Amounts in US$’000)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Cash and cash equivalents overseas</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z6PIQCRzawM6" style="text-align: right" title="Net foreign exchange exposure"> 895,337</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8St56ke01vg" style="text-align: right" title="Net foreign exchange exposure"> 1,951,025</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Trade receivables</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zRJd4foLIKRk" style="text-align: right" title="Net foreign exchange exposure"> 212,372</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_za2gVsrtUAIe" style="text-align: right" title="Net foreign exchange exposure"> 58,296</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Financial investments</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGgGe1AYUZoh" style="text-align: right" title="Net foreign exchange exposure"> 388,705</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zzbuezGDOUyg" style="text-align: right" title="Net foreign exchange exposure">270,038</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Borrowings and financing </td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z3bKMuMZTlS" style="text-align: right" title="Net foreign exchange exposure">(6,002,208)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zVEVPOgehDMj" style="text-align: right" title="Net foreign exchange exposure">(5,983,492)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Trade payables</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zfwT3D1Lk6Ml" style="text-align: right" title="Net foreign exchange exposure">(248,790)</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z9u6sTxiOb1b" style="text-align: right" title="Net foreign exchange exposure">(284,843)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Others</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--OthersMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zruqISfV5vJ1" style="border-bottom: Black 0.5pt solid; text-align: right" title="Net foreign exchange exposure">(14,528)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--OthersMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zF3C9IwV4psh" style="border-bottom: Black 0.5pt solid; text-align: right" title="Net foreign exchange exposure">(37,185)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: top">Natural Gross Foreign Exchange Exposure (assets - liabilities)</td> <td style="vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--GrossMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zRizVxpAEXt4" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Net foreign exchange exposure">(4,769,112)</td> <td style="vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--GrossMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z19OmC3noecc" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Net foreign exchange exposure">(4,026,161)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Derivative transactions <span style="font: normal 400 8pt HELVETICA LIGHT">^(*)</span></td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zN8cdYIKXfy" style="text-align: right" title="Net foreign exchange exposure"> 4,396,413</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zaBRxztebNu3" style="text-align: right" title="Net foreign exchange exposure"> 5,098,257</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: top">Net foreign exchange exposure</td> <td style="vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zXmyciZf0wr9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Net foreign exchange exposure">(372,699)</td> <td style="vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z334z4W5Lxo5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Net foreign exchange exposure"> 1,072,096</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Total notional value of derivative and non-derivative financial instruments used for exchange risk management.</td></tr> </table> <p id="xdx_8AC_zUdrgaHTqQJe" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company uses Hedge Accounting as a strategy, as well as derivative financial instruments to protect future cash flow.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 9pt/115% Arial,sans-serif; margin: 0; text-align: justify"><b>Sensitivity Analysis of Derivative Financial Instruments and Consolidated Foreign Exchange Exposure</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company evaluated two different scenarios for the analysis of the exchange rate impact: Scenario 1 projects a horizon of increased currency volatility, and Scenario 2 predicts a horizon of currency appreciation. The calculation is based on the closing exchange rate on December 31, 2025, using assumptions based on a variance calculation that considers both historical exchange rate fluctuations and management's projections.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0">The currencies used in the sensitivity analysis and their respective scenarios are shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfCurrenciesUsedInSensitivityAnalysisTableTextBlock_pn3n3_z0RKsKZoWg9c" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 3)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"><span id="xdx_8B0_ze5a8xXicfDd" style="display: none">Schedule of  sensitivity analysis</span></td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; width: 9%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%">12/31/2025</td> <td style="width: 1%"> </td> <td style="width: 13%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 8%">12/31/2024</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle">Currency</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Exchange rate</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Probable scenario</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">Scenario 1</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">Scenario 2</td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Exchange rate</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Probable scenario</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle">Scenario 1</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">Scenario 2</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>USD</td> <td> </td> <td id="xdx_981_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zUJ9AUaWUBA4" style="text-align: right" title="Exchange rate"> 5.5024</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zwJMHLUBEfDg" style="text-align: right" title="Exchange rate">5.2006</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2ismB1qAsl9" style="text-align: right" title="Exchange rate">5.7964</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zlRUWi45a34f" style="text-align: right" title="Exchange rate">5.0436</td> <td> </td> <td id="xdx_988_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z7GF3T4TEOA5" style="text-align: right" title="Exchange rate">6.1923</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2Ewy56jKV74" style="text-align: right" title="Exchange rate">5.7779</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKbq0J33G6Fk" style="text-align: right" title="Exchange rate">6.2560</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zE9zGEnwMzei" style="text-align: right" title="Exchange rate">5.0799</td></tr> </table> <p id="xdx_8A3_zaEiXgY5TBth" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; text-indent: 0.05pt">The effects on the result, considering scenarios 1 and 2, are shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock_zc0AuwGPZ5L8" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 4)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BB_znZpg0wbcFNa" style="display: none">Schedule of effects on scenarios 1 and 2</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 32%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 15%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 13%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 13%">12/31/2025</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Instruments</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Notional amount</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Risk</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Probable scenario (*)<br/> R$</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 1 R$</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 2 R$</td></tr> <tr style="vertical-align: bottom"> <td>Cash and cash equivalents overseas</td> <td> </td> <td id="xdx_98C_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z7KeS6QM7Kbk" style="text-align: right" title="Notional amount">895,337</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_906_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z0TYINbknglj" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_981_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zTDiskmfU8vk" style="text-align: right" title="Impact on profit or loss">(270,213)</td> <td> </td> <td id="xdx_98B_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zo2zuntE8Ie1" style="text-align: right" title="Impact on profit or loss"> 263,229</td> <td> </td> <td id="xdx_98A_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_ztQz0B8oUxV5" style="text-align: right" title="Impact on profit or loss">(410,781)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Trade receivables</td> <td> </td> <td id="xdx_98C_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zO0wKQh0SL3" style="text-align: right" title="Notional amount">212,372</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zPpKyXLYzvSh" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zzw1aeNYFYRb" style="text-align: right" title="Impact on profit or loss">(64,094)</td> <td> </td> <td id="xdx_98F_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zO25alpkZeH7" style="text-align: right" title="Impact on profit or loss"> 62,437</td> <td> </td> <td id="xdx_98A_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zhdWX8eMDnTi" style="text-align: right" title="Impact on profit or loss"> (97,436)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Financial investments</td> <td> </td> <td id="xdx_986_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zhmtK1LvHfH9" style="text-align: right" title="Notional amount">388,705</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_903_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zEKONFWkhkz2" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_98B_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zPuMxxDp8XXc" style="text-align: right" title="Impact on profit or loss">(117,311)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_z54npFOf4OJh" style="text-align: right" title="Impact on profit or loss"> 114,279</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zctEnYrmEty5" style="text-align: right" title="Impact on profit or loss">(178,338)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Borrowings and financing </td> <td> </td> <td id="xdx_98E_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ziNzrI8PE4X7" style="text-align: right" title="Notional amount"> (6,002,208)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90A_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zmaX0RGt8Ka1" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_98E_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zK1py4Eti7H5" style="text-align: right" title="Impact on profit or loss"> 1,811,466</td> <td> </td> <td id="xdx_98B_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zlGWZ1fzuSC5" style="text-align: right" title="Impact on profit or loss"> (1,764,649)</td> <td> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_z99tzqd8gaj8" style="text-align: right" title="Impact on profit or loss">2,753,813</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Trade payables</td> <td> </td> <td id="xdx_98F_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zH2Xwkg0Hzh" style="text-align: right" title="Notional amount"> (248,790)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_902_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zgajS6LVP566" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_98E_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zZ2xQJXJay7" style="text-align: right" title="Impact on profit or loss"> 75,085</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_z1jrV57kTwRi" style="text-align: right" title="Impact on profit or loss">(73,144)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_ztqM3Cz5YZc5" style="text-align: right" title="Impact on profit or loss"> 114,145</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Others</td> <td> </td> <td id="xdx_981_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zL8eCdUWoPBh" style="text-align: right" title="Notional amount"> (14,528)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zs3rowwW2aed" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_988_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zEXsMErBGOd9" style="text-align: right" title="Impact on profit or loss"> 4,385</td> <td> </td> <td id="xdx_98A_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zMaYBlHs0Jt" style="text-align: right" title="Impact on profit or loss">(4,271)</td> <td> </td> <td id="xdx_981_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zAqaT24bmMZj" style="text-align: right" title="Impact on profit or loss">6,665</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Derivative financial instruments</td> <td> </td> <td id="xdx_989_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zluoQAdwJum8" style="text-align: right" title="Notional amount">4,396,413</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_909_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWa0URv47cZ1" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zqMtBT8fQM0b" style="text-align: right" title="Impact on profit or loss">(1,326,838)</td> <td> </td> <td id="xdx_981_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zMy8apNfpBaj" style="text-align: right" title="Impact on profit or loss">1,292,545</td> <td> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zecegLakMAm3" style="text-align: right" title="Impact on profit or loss"> (2,017,074)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Impact on profit or loss</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td id="xdx_989_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zQCcg7YO5Jce" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss"> 112,480</td> <td style="font-weight: bold"> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zF80H7lvh0ql" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss">(109,574)</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zEgxnyOuyDNk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss"> 170,994</td></tr> </table> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify"></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">The probable scenarios were calculated considering the following variations for the risks: Real x Dollar - Valuation of the real by 5.48%. Source: Central Bank of Brazil on February 20, 2026.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: right; width: 33%"> </td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 15%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 12%">12/31/2024</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Instruments</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Notional amount</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Risk</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Probable scenario (*) R$</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 1 R$</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 2 R$</td></tr> <tr style="vertical-align: bottom"> <td>Cash and cash equivalents overseas</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zZB7fqQct9fi" style="text-align: right" title="Notional amount">  1,951,025</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQgnT3zl4DNi" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zyPoAFsp6Lb9" style="text-align: right" title="Impact on profit or loss">  (139,931)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zzq6hsNXNeqd" style="text-align: right" title="Impact on profit or loss">19,862</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zGrirP0YHG83" style="text-align: right" title="Impact on profit or loss">  (427,219)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Trade receivables</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2son6WB2jka" style="text-align: right" title="Notional amount"> 58,296</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90C_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zOYT41B6etDl" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_z29RSRp8BEjf" style="text-align: right" title="Impact on profit or loss">(4,181)</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_z7zvHkZOFP8e" style="text-align: right" title="Impact on profit or loss">  593</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zsPnR9igPuN4" style="text-align: right" title="Impact on profit or loss"> (12,765)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Financial investments</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGoAovbySGRe" style="text-align: right" title="Notional amount">  270,038</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_902_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ziHoo23zkWU6" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_z31Xt3tTOWei" style="text-align: right" title="Impact on profit or loss"> (19,368)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zbckhyWjvScf" style="text-align: right" title="Impact on profit or loss">  2,749</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_z8kibaVQEQch" style="text-align: right" title="Impact on profit or loss"> (59,131)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Borrowings and financing </td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zeSZR1K1CQF6" style="text-align: right" title="Notional amount">(5,983,492)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_906_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2aXb0gUAwic" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_z0mXeWF1G6wd" style="text-align: right" title="Impact on profit or loss">429,145</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zlXg2yUl2z39" style="text-align: right" title="Impact on profit or loss"> (60,913)</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zyBWV0Ob16Xg" style="text-align: right" title="Impact on profit or loss"> 1,310,215</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Trade payables</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z9ujgvob7eQ3" style="text-align: right" title="Notional amount">(284,843)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90B_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWSKryofASq8" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zdvLGeOSfeMe" style="text-align: right" title="Impact on profit or loss">  20,429</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zOWDicUwGxGl" style="text-align: right" title="Impact on profit or loss">(2,900)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_z5BTa5VxoZDe" style="text-align: right" title="Impact on profit or loss">62,373</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Others</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z3YNIey1SdB9" style="text-align: right" title="Notional amount">  (37,185)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_909_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zI7t4R6cH8Ta" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zNh9wdO37XPd" style="text-align: right" title="Impact on profit or loss"> 2,667</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zMW8Q7iUKG4l" style="text-align: right" title="Impact on profit or loss">(379)</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zuVZV00Kk0Xe" style="text-align: right" title="Impact on profit or loss">  8,142</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Derivative financial instruments</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCnVNa7aXCXe" style="text-align: right" title="Notional amount">  5,098,257</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_901_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKMtXeGOVCxk" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zThCG4SNXroh" style="text-align: right" title="Impact on profit or loss">  (365,655)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zeRuRovPkeCf" style="text-align: right" title="Impact on profit or loss">51,902</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_z7vWsmGD1ERf" style="text-align: right" title="Impact on profit or loss">  (1,116,374)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Impact on profit or loss</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zOFqkobNtrb8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss"> (76,894)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zgmVehSXRxO8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss">10,914</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zYEr4oewSYBj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss">  (234,759)</td></tr> </table> <p id="xdx_8A0_zbIw5BTbCITd" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 9pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>ii)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Interest Rate Risk</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">This risk stems from financial investments, loans, and financing and debentures in short and long terms linked to pre-fixed and post-fixed interest rates of CDI, TJLP and SOFR, exposing these financial assets and liabilities to interest rate fluctuations as demonstrated in the sensitivity analysis chart below.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">With the modification of the global financial market in debt instruments in recent years and in line with recommendations from international regulatory bodies, the market began transitioning from LIBOR (London Interbank Offered Rate) to SOFR (Secured Overnight Financing Rate) starting in 2022. On September 30, 2023, all contracts were migrated to SOFR, as evidenced in the interest rate sensitivity analysis.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Sensitivity Analysis of Interest Rate Changes</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Below, we present the sensitivity analysis to risks related to interest rates. The Company considered two different scenarios to assess the impact of variations in these rates: Scenario 1 predicts a horizon of rising interest rates, and Scenario 2 projects a reduction horizon. The closing rates at December 31, 2025 were used as a reference for the calculation, based on a dispersion model that considers not only historical interest rate fluctuations but also detailed management projections.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">This approach allows a comprehensive and precise assessment of potential economic impacts arising from interest rate fluctuations.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfSensitivityAnalysisOfInterestRateSwapsTableTextBlock_pn3n3_zEGVoIVbcknj" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 5)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B2_zBJ4ZhfRdTOb" style="display: none">Schedule of changes in interest rates</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; width: 14%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 12%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 14%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 17%">Consolidated</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 11%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 12%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 14%">Consolidated</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold">Interest</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Probable scenario</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 1</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 2</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Probable scenario</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Scenario 1</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 2</td></tr> <tr style="vertical-align: bottom"> <td>CDI</td> <td> </td> <td style="text-align: right"><span id="xdx_904_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zEWREEKiy71f" title="Interest rate (in percent)">14.90</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zfOoxHiqa9W7" title="Interest rate (in percent)">17.69</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90B_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zG5A9PCo93Sl" title="Interest rate (in percent)">12.97</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zkjOo0dNqZU1" title="Interest rate (in percent)">12.15</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_903_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zsgtQXv3eEgk" title="Interest rate (in percent)">13.72</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_900_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zGZWlCkSXa68" title="Interest rate (in percent)">10.56</span>%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>TJLP</td> <td> </td> <td style="text-align: right"><span id="xdx_900_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zVmgqs1T5Xlk" title="Interest rate (in percent)">9.07</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_901_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zCIS1meY8iEf" title="Interest rate (in percent)">9.22</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90B_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z6tncvCJtNF1" title="Interest rate (in percent)">6.18</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_908_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zEGlwTbE03C7" title="Interest rate (in percent)">7.43</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_906_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zwKLxGGFw8m2" title="Interest rate (in percent)">8.11</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zYForTGEjob3" title="Interest rate (in percent)">6.72</span>%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>IPCA</td> <td> </td> <td style="text-align: right"><span id="xdx_909_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zFbEbADwh0Ai" title="Interest rate (in percent)">4.26</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_906_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zBdTclhZwJD2" title="Interest rate (in percent)">4.76</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_902_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zEQQWKi9B2va" title="Interest rate (in percent)">3.96</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90B_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z1yd7M8T4plc" title="Interest rate (in percent)">4.83</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zvHTML0EWrii" title="Interest rate (in percent)">5.60</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zZOHSXPCRaT9" title="Interest rate (in percent)">4.27</span>%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>SOFR 6M</td> <td> </td> <td style="text-align: right"><span id="xdx_906_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zb0PEBbYZ9O8" title="Interest rate (in percent)">3.57</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_904_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zo3GnycTHrZ2" title="Interest rate (in percent)">4.70</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_901_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z9jXRsAbE2M8" title="Interest rate (in percent)">3.26</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_903_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zYQqAJynu20c" title="Interest rate (in percent)">4.25</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_902_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z1EaMIQSMNba" title="Interest rate (in percent)">5.31</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_900_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zguOicQX1Mki" title="Interest rate (in percent)">0.51</span>%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>SOFR</td> <td> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zgULnDhOsn83" title="Interest rate (in percent)">3.87</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_901_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zQiVaRLgR9kf" title="Interest rate (in percent)">5.54</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z7JrAZVZCrAk" title="Interest rate (in percent)">3.64</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_906_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_ziGGx4hJsiV6" title="Interest rate (in percent)">4.49</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zv6DKxe9yFv" title="Interest rate (in percent)">5.28</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zMiyvoTUXA2f" title="Interest rate (in percent)">0.30</span>%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>EURIBOR 3M</td> <td> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zgUxC5uF2vgf" title="Interest rate (in percent)">2.03</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_904_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zmXhTznivJi8" title="Interest rate (in percent)">4.31</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_908_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zWUjAKatIuAj" title="Interest rate (in percent)">1.95</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_905_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zbHFONgZOJah" title="Interest rate (in percent)">2.71</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z3UXYhSdLrkc" title="Interest rate (in percent)">4.22</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_907_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zTqSlef4npDj" title="Interest rate (in percent)">1.73</span>%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>EURIBOR 6M</td> <td> </td> <td style="text-align: right"><span id="xdx_904_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zZWiTzFJSJp7" title="Interest rate (in percent)">2.11</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_903_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zbfen01lF4Gi" title="Interest rate (in percent)">4.38</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_905_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zf9tWQV7rlbh" title="Interest rate (in percent)">2.02</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z9VmANdxcCTl" title="Interest rate (in percent)">2.57</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zvqCrO9seA8e" title="Interest rate (in percent)">4.19</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_ziWwUXDXhGa5" title="Interest rate (in percent)">2.27</span>%</td></tr> </table> <p id="xdx_8A9_z4Lx0xpxdPE9" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The effects on balances in reals related to assets and liabilities linked to interest rates, considering scenarios 1 and 2, are demonstrated below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfSensitivityAnalysisOfInterestRateSwapsTableTextBlock1_zsYslJdZIGQ1" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 6)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B2_zxMbGTGSqIph" style="display: none">Schedule of effects on profit and loss</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; text-align: right; font-size: 10pt; vertical-align: bottom"><b>Impact on balances on 12/31/2025</b></td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: left; width: 15%">Changes in interest rates</td> <td style="vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%">% p.a</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 12%">Assets</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 13%">Liabilities</td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 21%">Probable scenario (*)</td> <td style="font-size: 10pt; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">Scenario 1</td> <td style="border-top: Black 0.5pt solid; font-size: 10pt; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">Scenario 2</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">CDI</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90B_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zuwjZXT7rAka" title="Interest">14.90</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_982_eifrs-full--FinancialAssets_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_znT9EbGzCO54" style="vertical-align: middle; text-align: right" title="Assets">5,509,312</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--FinancialLiabilities_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zL2NssPxzGjg" style="vertical-align: middle; text-align: right" title="Liabilities"> (16,397,776)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_z44QG9LVCnK9" style="vertical-align: middle; text-align: right" title="Liabilities">(1,622,381)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zX42iQO12192" style="vertical-align: middle; text-align: right" title="Liabilities"> (1,926,578)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zI44uAsIimac" style="vertical-align: middle; text-align: right" title="Liabilities">(1,412,668)</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">TJLP</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_906_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z1m5lJENqf6g" title="Interest">9.07</span>%</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zt6R7suLLPnk" style="vertical-align: bottom; text-align: right" title="Liabilities"> (824,228)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zjlaIgnm98b6" style="vertical-align: middle; text-align: right" title="Liabilities">(74,757)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z2aPuCZ2HXF5" style="vertical-align: middle; text-align: right" title="Liabilities">(75,994)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zwxUWMEjykg6" style="vertical-align: middle; text-align: right" title="Liabilities"> (50,901)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">IPCA</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_909_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zJ23GLvZSO48" title="Interest">4.26</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z23aS45UJvgh" style="vertical-align: middle; text-align: right" title="Liabilities">(1,286,852)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zXch7Q3K5OMc" style="vertical-align: middle; text-align: right" title="Liabilities">(54,820)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zfpMZEABLEpc" style="vertical-align: middle; text-align: right" title="Liabilities">(61,224)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z8Dk4TzQWz98" style="vertical-align: middle; text-align: right" title="Liabilities"> (50,899)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">SOFR 6M</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_906_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zSxAMGdXHlsl" title="Interest">3.57</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zYhgaQzBTMkf" style="vertical-align: middle; text-align: right" title="Liabilities">(5,059,304)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zg2lEnOIx372" style="vertical-align: middle; text-align: right" title="Liabilities"> (180,829)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z87K598KWDZg" style="vertical-align: middle; text-align: right" title="Liabilities">(237,992)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z9GaV4UBRire" style="vertical-align: middle; text-align: right" title="Liabilities"> (165,118)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">SOFR</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zBdwp6BCPEW7" title="Interest">3.87</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zbVB4NgiCA9d" style="vertical-align: middle; text-align: right" title="Liabilities"> (472,461)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zaLkBculcZL1" style="vertical-align: middle; text-align: right" title="Liabilities">(18,284)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_znmw2dmMKucf" style="vertical-align: middle; text-align: right" title="Liabilities">(26,170)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zW6BhQ14MUg1" style="vertical-align: middle; text-align: right" title="Liabilities"> (17,192)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">EURIBOR 3M</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_909_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zoI5pasxfc3f" title="Interest">2.03</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zl7bUP32IvY9" style="vertical-align: middle; text-align: right" title="Liabilities"> (849,153)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zjhPhAcC3ZI7" style="vertical-align: middle; text-align: right" title="Liabilities">(17,255)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z1SW1vemepa2" style="vertical-align: middle; text-align: right" title="Liabilities">(36,571)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z2wi1CYPvf5j" style="vertical-align: middle; text-align: right" title="Liabilities"> (16,517)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">EURIBOR 6M</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90F_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z9aUcTy1NC8d" title="Interest">2.11</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zsjWt0vibfZ2" style="vertical-align: middle; text-align: right" title="Liabilities"> (22,592)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zlb2HEY7cbUb" style="vertical-align: middle; text-align: right" title="Liabilities"> (476)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_ztUiOyVBCTGf" style="vertical-align: middle; text-align: right" title="Liabilities">(989)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zPflbfDaTKlj" style="vertical-align: middle; text-align: right" title="Liabilities"> (456)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="3" style="font-weight: bold">Impact on profit or loss</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td id="xdx_98B_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zR6QUZjL5FT7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Liabilities">(1,968,802)</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zx7yL5gnz4qk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Liabilities"> (2,365,518)</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zY05XcoArQn9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Liabilities">(1,713,751)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">The sensitivity analysis is based on the premise of maintaining as a probable scenario the market values as of December 31, 2025 recorded in the Company's assets and liabilities.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"><b>Impact on balances on 12/31/2024</b></td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: left; width: 15%">Changes in interest rates</td> <td style="vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%">% p.a</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 12%">Assets</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 13%">Liabilities</td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; width: 21%">Probable scenario (*)<br/></td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">Scenario 1</td> <td style="border-top: Black 0.5pt solid; font-size: 10pt; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">Scenario 2</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">CDI</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_908_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zghM7arvqNQa" title="Interest">12.15</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--FinancialAssets_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zWgvP67UEEGk" style="vertical-align: middle; text-align: right" title="Assets">  9,268,751</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z5dsjY4pXC4h" style="vertical-align: middle; text-align: right" title="Liabilities">(11,116,328)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zpW2iVmj3IW2" style="vertical-align: middle; text-align: right" title="Liabilities"> (224,481)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zax4SEJ4n2r3" style="vertical-align: middle; text-align: right" title="Liabilities">  (253,426)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_ziRtotTPduG8" style="vertical-align: middle; text-align: right" title="Liabilities">  (195,057)</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">TJLP</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90E_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zGnqQZIh7Uud" title="Interest">7.43</span>%</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zarrwe2zFnAb" style="vertical-align: bottom; text-align: right" title="Liabilities">  (775,705)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zPHYpj832bia" style="vertical-align: middle; text-align: right" title="Liabilities">(57,635)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zoNsrjW1eBfe" style="vertical-align: middle; text-align: right" title="Liabilities"> (62,871)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zeGLPgxBk2dk" style="vertical-align: middle; text-align: right" title="Liabilities"> (52,115)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">IPCA</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90E_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zklSiX4zEuI" title="Interest">4.83</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zqPKXrLF9Hj6" style="vertical-align: middle; text-align: right" title="Liabilities"> (18,703)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z03STwGejpB" style="vertical-align: middle; text-align: right" title="Liabilities">  (903)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zOCTFgEjnij9" style="vertical-align: middle; text-align: right" title="Liabilities">(1,047)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zDEnw71EsWec" style="vertical-align: middle; text-align: right" title="Liabilities">(799)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">SOFR 6M</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90E_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zlme1zo9QnE1" title="Interest">4.25</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zviU8rxyPZR5" style="vertical-align: middle; text-align: right" title="Liabilities">  (4,411,472)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zhKShyflfw3i" style="vertical-align: middle; text-align: right" title="Liabilities"> (187,488)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zW63WRVEQYFc" style="vertical-align: middle; text-align: right" title="Liabilities">  (234,120)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z328LroLLCp5" style="vertical-align: middle; text-align: right" title="Liabilities"> (22,423)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">SOFR</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zjG9cuQQr2Lc" title="Interest">4.49</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zi9FqsbFNYu8" style="vertical-align: middle; text-align: right" title="Liabilities">  (3,992,233)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zXDPPBsc94F7" style="vertical-align: middle; text-align: right" title="Liabilities"> (179,251)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zuEV6ETxl9Hh" style="vertical-align: middle; text-align: right" title="Liabilities">  (210,660)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zKJA2kqnLaDc" style="vertical-align: middle; text-align: right" title="Liabilities"> (12,141)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">EURIBOR 3M</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90C_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zDjMRarfXVLj" title="Interest">2.71</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zzjYJXfbu2r6" style="vertical-align: middle; text-align: right" title="Liabilities">  (289,634)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_987_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zXRb2FqbK7k2" style="vertical-align: middle; text-align: right" title="Liabilities">  (7,861)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zdFiABdfhjoh" style="vertical-align: middle; text-align: right" title="Liabilities"> (12,214)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zTixkXXC8cn9" style="vertical-align: middle; text-align: right" title="Liabilities">(5,017)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">EURIBOR 6M</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_908_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zhosC8W8zzh3" title="Interest">2.57</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zYbs6xZBUJJ5" style="vertical-align: middle; text-align: right" title="Liabilities"> (19,550)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zykBZhDOKbR8" style="vertical-align: middle; text-align: right" title="Liabilities">  (502)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zlcZYrVagfx1" style="vertical-align: middle; text-align: right" title="Liabilities">(819)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zNkbj1XOHnMg" style="vertical-align: middle; text-align: right" title="Liabilities">(445)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td id="xdx_980_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zrXW7fHGGWta" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, Helvetica, Sans-Serif; text-align: right" title="Liabilities"> (658,121)</td> <td style="font-family: Arial, Helvetica, Sans-Serif; text-align: right"> </td> <td id="xdx_982_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zKciZZNPCYz5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, Helvetica, Sans-Serif; text-align: right" title="Liabilities">  (775,157)</td> <td style="font-family: Arial, Helvetica, Sans-Serif; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zTIjH0ywh6z3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, Helvetica, Sans-Serif; text-align: right" title="Liabilities">  (287,997)</td></tr> </table> <p id="xdx_8AC_zHJHp070TEah" style="font: 12pt/115% Times New Roman,serif; margin-top: 0; margin-bottom: 0; text-align: left"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif"><b>iii)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Market Price Risk</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company is also exposed to market risks related to the volatility of commodities and input prices. In line with its risk management policy, risk mitigation strategies involving commodities may be used to reduce cash flow volatility. These mitigation strategies may incorporate derivative instruments, predominantly forward, futures, and options transactions.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Below are the instruments for price risk protection, as shown in the following topics:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; text-indent: 0in"><b>a) Cash flow Hedge Accounting - “Platts” Index</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">To better reflect the accounting effects of the "Platts" hedge strategy on the result, CSN Mineração opted to formally designate the hedge and, consequently, adopted hedge accounting for the iron ore derivative as a hedge accounting instrument for its highly probable future iron ore sales. As a result, the mark-to-market arising from the "Platts" volatility will be temporarily recorded in shareholders' equity and will be taken to the income statement when the sales occur according to the contracted evaluation period. This allows the recognition of "Platts" volatility on iron ore sales to be recognized at the same time.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company has periodically reviewed market scenarios to assess its exposure to iron ore price risk to ensure adequate coverage of market price fluctuations. This process involves monitoring fluctuations and trends in global prices, in addition to considering economic and geopolitical factors that may impact the value of this commodity.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The table below presents the profit or loss of the derivative instrument up to December 31, 2025:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfDollarEuroSwapTableTextBlock_zf4NzDDrwiTi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 7)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><span id="xdx_8B3_zAW00EnmYeo" style="display: none">Schedule of derivative instrument</span></td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: right; width: 17%"> </td> <td style="text-align: right; width: 1%"> </td> <td style="text-align: right; width: 5%"> </td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; width: 7%"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">12/31/2025</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 7%">12/31/2025</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 7%">12/31/2024</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%">12/31/2025</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 6%">12/31/2024</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 7%">12/31/2025</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 6%">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Appreciation (R$) </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Fair value (market) </td> <td style="text-align: right"> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Other operating income expenses</td> <td style="text-align: right"> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Other comprehensive income</td> <td style="font-weight: bold; text-align: right"> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Financial income and expenses (note 30)</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Maturity </td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Notional</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt"> Asset position </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt"> Liability position </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Amounts receivable / (payable) </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">01/01/2024 to 06/30/2024 (Settled)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_ecustom--OtherOperatingIncomeExpenses_pn3n3_c20240101__20241231__ifrs-full--MaturityAxis__custom--SettledDate1Member_zn0XDXan8bzl" style="vertical-align: bottom; text-align: right" title="Other income and expenses"> 452,906</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20240101__20241231__ifrs-full--MaturityAxis__custom--SettledDate1Member_zQXXjWL7IQS7" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> 19,446</td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">03/01/2025 to 11/30/2025 (Settled)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate2Member_zhU1gpFGTqa1" style="vertical-align: bottom; text-align: right" title="Other income and expenses">93,419</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate2Member_zN4vK4H2exL" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> (180)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">12/01/2025 to 12/31/2025 <span style="font: normal 400 8pt Arial, sans-serif">⁽¹⁾</span></td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--AssetPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate3Member_zlj8QrIhFQig" style="vertical-align: bottom; text-align: right" title="Asset position">1,800,454</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--LiabilityPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate3Member_zTXqOxzDnSp1" style="vertical-align: bottom; text-align: right" title="Liability position">(1,837,234)</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate3Member_zP9D05DhOay1" style="vertical-align: bottom; text-align: right" title="Amounts receivable (payable)">(36,780)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--OtherOperatingIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate3Member_zPLoy9V57S0g" style="vertical-align: bottom; text-align: right" title="Other income and expenses"> (36,162)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate3Member_zgT7NpJVJiDj" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> (618)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">01/01/2026 to 01/31/2026</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--AssetPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate4Member_zpr3AvuGIiMc" style="vertical-align: bottom; text-align: right" title="Asset position">1,181,900</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--LiabilityPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate4Member_zAivfyMwh1Ma" style="vertical-align: bottom; text-align: right" title="Liability position">(1,203,692)</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate4Member_zWdidfJIscnd" style="vertical-align: bottom; text-align: right" title="Amounts receivable (payable)">(21,792)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_ecustom--OtherComprehensiveIncomes_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate4Member_zmqioHR9shSk" style="vertical-align: bottom; text-align: right" title="Other comprehensive income">(21,361)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate4Member_zrbJgQQGQAR2" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> (431)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">02/01/2026 to 02/28/2026</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--AssetPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate5Member_zuQD0OJyN324" style="vertical-align: bottom; text-align: right" title="Asset position"> 529,067</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--LiabilityPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate5Member_zUi8vljr97L9" style="vertical-align: bottom; text-align: right" title="Liability position"> (536,151)</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate5Member_zANB5nNGn36e" style="vertical-align: bottom; text-align: right" title="Amounts receivable (payable)">(7,084)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--OtherComprehensiveIncomes_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate5Member_z9uSi41lPbK3" style="vertical-align: bottom; text-align: right" title="Other comprehensive income">(6,961)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate5Member_zUvEppJ4dfac" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> (123)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">03/01/2026 to 03/31/2026</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_989_ecustom--AssetPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate6Member_z7mEIBt6h8q" style="vertical-align: bottom; text-align: right" title="Asset position"> 229,249</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--LiabilityPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate6Member_zs1RNODsZubi" style="vertical-align: bottom; text-align: right" title="Liability position"> (230,947)</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate6Member_zMvkK0UFjNfj" style="vertical-align: bottom; text-align: right" title="Amounts receivable (payable)">(1,698)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_ecustom--OtherComprehensiveIncomes_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate6Member_zUP0vKuRt024" style="vertical-align: bottom; text-align: right" title="Other comprehensive income">(1,705)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate6Member_zSl4YK2ajTNe" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> 7</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">04/01/2026 to 04/30/2026</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--AssetPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate7Member_zgi4aYIfQzAf" style="vertical-align: bottom; text-align: right" title="Asset position"> 28,791</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--LiabilityPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate7Member_zHnEFjDyYTH3" style="vertical-align: bottom; text-align: right" title="Liability position"> (28,741)</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_983_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate7Member_zOPkT3USgZa6" style="vertical-align: bottom; text-align: right" title="Amounts receivable (payable)">50</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_ecustom--OtherComprehensiveIncomes_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate7Member_zCfQsvPgkCk6" style="vertical-align: bottom; text-align: right" title="Other comprehensive income"> 50</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate7Member_zc2J0jISVf0i" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)">(1)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_ecustom--AssetPosition_pn3n3_c20250101__20251231_zqX45G847942" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Asset position">3,769,461</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--LiabilityPosition_pn3n3_c20250101__20251231_zFo4b050IMTf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Liability position">(3,836,765)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231_zxh5Gr693MMl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Amounts receivable (payable)">(67,304)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--OtherOperatingIncomeExpenses_pn3n3_c20250101__20251231_zppRcfl8KzW8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other income and expenses">57,257</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--OtherOperatingIncomeExpenses_pn3n3_c20240101__20241231_zDhTqQoMFhoa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other income and expenses"> 452,906</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--OtherComprehensiveIncomes_pn3n3_c20250101__20251231_zXho7SYKfPx4" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other comprehensive income">(29,977)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231_zWHize0BpcAb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on financial income/(expenses)">(1,346)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_98F_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20240101__20241231_zKcQI4jwo5y" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on financial income/(expenses)"> 19,446</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 2%"><span style="font-family: Helvetica light,serif; font-size: 8pt">(1)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 8pt">This transaction matured on December 31, 2025, and was settled in early January 2026.</span></td></tr></table> <p id="xdx_8A6_zETKhxWHfSa2" style="font: 8pt/115% Helvetica light,serif; margin: 0 0 0 0.25in; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The reconciliation of the amounts related to cash flow hedge accounting - "Platts" index recorded in equity as of December 31, 2025, is demonstrated as follows:</p> <p style="font: 10pt Helvetica light,serif; margin: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfChangesInHedgeAccountingPlattsTableTextBlock_pn3n3_zXcmrhJ5oMYi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 8)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B2_z7GTZhJdbqs5" style="display: none">Schedule of changes in cash flow hedge accounting</span></td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 51%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 13%">12/31/2024</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">Movement</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">Realization</td> <td style="border-top: Black 0.5pt solid; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">12/31/2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Cash flow hedge–“Platts”</td> <td style="text-align: right"></td> <td> </td> <td id="xdx_98A_ecustom--CashFlowHedgeAccountingPlatts_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--MovementMember_zk5QJX0Wxg6a" style="text-align: right" title="Cash flow hedge accounting - Platts"> 27,280</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--CashFlowHedgeAccountingPlatts_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--RealizationMember_zCrDWC1RXBCh" style="text-align: right" title="Cash flow hedge accounting - Platts">(57,257)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--CashFlowHedgeAccountingPlatts_pn3n3_c20250101__20251231_zvn1rEx4AfI1" style="text-align: right" title="Cash flow hedge accounting - Platts">(29,977)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> Income tax and social contribution on cash flow hedge</td> <td style="text-align: right"></td> <td> </td> <td id="xdx_988_ecustom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccounting_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--MovementMember_zlCMaD9s5tFa" style="text-align: right" title="Income tax and social contribution on cash flow hedge accounting">(9,275)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccounting_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--RealizationMember_zj0GVwcnCjs4" style="text-align: right" title="Income tax and social contribution on cash flow hedge accounting"> 19,467</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccounting_pn3n3_c20250101__20251231_zQNVxjK6ZLq4" style="text-align: right" title="Income tax and social contribution on cash flow hedge accounting"> 10,192</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Fair Value of cash flow hedge - Platts, net</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--FairValueOfCashFlowAccountingPlattsNet_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--MovementMember_zpStQ9XuhCMb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair Value of cash flow accounting - Platts, net"> 18,005</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--FairValueOfCashFlowAccountingPlattsNet_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--RealizationMember_zU7pZ2JXlXk7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair Value of cash flow accounting - Platts, net">(37,790)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--FairValueOfCashFlowAccountingPlattsNet_pn3n3_c20250101__20251231_zNgtkhMzuXIg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair Value of cash flow accounting - Platts, net">(19,785)</td></tr> </table> <p id="xdx_8A3_zw4j3OyCHn1i" style="font: 10pt/115% Helvetica light,serif; margin: 0"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The cash flow hedge - "Platts" index was fully effective since the contracting of derivative instruments.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">To support the designations, the Company prepared formal documentation indicating how the cash flow hedge accounting designation - "Platts" index aligns with CSN's risk management objective and strategy, identifying the protection instruments used, the hedge object, the nature of the risk to be protected, and demonstrating the expectation of high effectiveness of the designated relationships. Iron ore derivative instruments ("Platts" index) were designated in amounts equivalent to the portion of future sales, comparing the designated amounts with the expected and approved amounts in the budgets of the Management and Board.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; text-indent: 0in"><b>b) Cash flow Hedge Accounting</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Foreign Exchange Hedge</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company and its subsidiary CSN Mineração formally designate cash flow hedge relationships to protect highly probable future flows exposed to the dollar related to sales made in dollars.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">With the objective of better reflecting the accounting effects of the foreign exchange hedge strategy in the results, CSN and its subsidiary CSN Mineração designated part of their dollar liabilities as a hedge instrument for their future exports. As a result, the exchange rate variation from designated liabilities will be temporarily recorded in shareholders' equity and will be transferred to the income statement when the respective exports occur, thus allowing the recognition of dollar fluctuations on the liability and exports to be recorded at the same time. It is emphasized that the adoption of this hedge accounting does not imply the contracting of any financial instrument.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The table below presents the summary of hedging relationships as of December 31, 2025:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfHedgingInstrumentsTableTextBlock_zDFFOgQRJUO5" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 9)"> <tr style="vertical-align: middle"> <td style="text-align: center"><span id="xdx_8B8_zAVUkGwykTRd" style="display: none">Schedule of relations of hedge</span></td> <td style="text-align: center"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: justify"> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 19%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="text-align: center; width: 7%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%">12/31/2025</td></tr> <tr> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Designation Date</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Hedging Instrument</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Hedged item</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Type of hedged risk</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Hedged period</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Exchange rate on designation</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Designated amounts (US$’000)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Amortized part (USD'000)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Effect on Result (*) (R$'000)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Impact on Shareholders' equity (R$'000)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_90A_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zfgzsF8nNkJ1" title="Designation date">07/31/2019</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_907_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zUtwaYlHD5hi" title="Hedging instrument">Bonds and Export prepayments in US$ to third parties</span></td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: justify"><span id="xdx_90B_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGewdgU3SAH3" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td style="font-weight: bold"> </td> <td style="text-align: center"><span id="xdx_909_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zFZ97yRsRHo8" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td style="font-weight: bold"> </td> <td style="text-align: center"> <span id="xdx_909_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zFO87YeX7pC2" title="Hedged period">January 2020 - April 2026</span> </td> <td style="font-weight: bold"> </td> <td id="xdx_983_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCR0UdZvRUl1" style="text-align: right" title="Exchange rate on designation">3.7649</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zABZtV7S2LD7" style="text-align: right" title="Designated amounts"> 1,342,761</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQa7jGc4T7n4" style="text-align: right" title="Amortized part">(965,961)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGw4zIOqzTYi" style="text-align: right" title="Effect on Result">(163,673)</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zxcapjLgKDH3" style="text-align: right" title="Impact on Shareholders' equity">(654,690)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_90B_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zJqBK90jInp7" title="Designation date">01/10/2020</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_90B_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zO9q5ZIPjeXh" title="Hedging instrument">Bonds</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_907_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zl6n1KmvFJ44" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_907_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z3Q5iGjz5Thh" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zrb9wg6aw5C5" title="Hedged period">March 2020 to November 2025 until December 2050</span> </td> <td> </td> <td id="xdx_985_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zTMgkGhQrSuk" style="text-align: right" title="Exchange rate on designation">4.0745</td> <td> </td> <td id="xdx_986_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zuAoUwGF9Iu1" style="text-align: right" title="Designated amounts"> 1,416,000</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zEEWWWXIStNe" style="text-align: right" title="Amortized part"> (1,416,000)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8fAF01w8zse" style="text-align: right" title="Effect on Result">(75,717)</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zBNSKvp8lEsk" style="text-align: right" title="Impact on Shareholders' equity"> (1,214,600)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_90D_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ziwFw3Ymlj3c" title="Designation date">01/28/2020</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_902_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zj0CKNZNPTW5" title="Hedging instrument">Bonds</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_904_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYqoLG8K8rci" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_901_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zAOZIdcXz73c" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90D_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zE2nesCxDAO4" title="Hedged period">March 2027 - January 2028</span> </td> <td> </td> <td id="xdx_988_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ze50F6UWiNHc" style="text-align: right" title="Exchange rate on designation">4.2064</td> <td> </td> <td id="xdx_987_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z6HgwXcIVR41" style="text-align: right" title="Designated amounts"> 1,000,000</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z22GsjBYu79" style="text-align: right" title="Impact on Shareholders' equity"> (1,296,000)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_909_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zJyzI4nFp4Q6" title="Designation date">06/06/2024</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_90E_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zs70ftO4cd1b" title="Hedging instrument">Advance on foreign exchange contract</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_90D_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zlPOA3qjVXF7" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_902_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zuYHvMk6psfg" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5Vpbv0pQPG8" title="Hedged period">June 2024 - February 2025</span> </td> <td> </td> <td id="xdx_982_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zfiy6pTzR0Gh" style="text-align: right" title="Exchange rate on designation">5.2700</td> <td> </td> <td id="xdx_985_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zUB6UzvMOif8" style="text-align: right" title="Designated amounts"> 30,000</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5LZKKhuf5Q3" style="text-align: right" title="Amortized part">(30,000)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zNA4S5IDawN9" style="text-align: right" title="Effect on Result">(17,961)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_90F_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z7CxLIESY6ja" title="Designation date">06/01/2022</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_906_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zSUJQ8Cl7o7d" title="Hedging instrument">Bonds and Export prepayments in US$ to third parties</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_904_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z6Rzf6QiT2ij" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_90A_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_znuvtSUIdQA" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90C_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWAKlVcVS4nj" title="Hedged period">June 2022 - April 2032</span> </td> <td> </td> <td id="xdx_988_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8bJSe4cV3Kh" style="text-align: right" title="Exchange rate on designation">4.7289</td> <td> </td> <td id="xdx_98C_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zv26vKzFY985" style="text-align: right" title="Designated amounts"> 1,145,000</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zN69pCoNURv8" style="text-align: right" title="Amortized part">(360,000)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_fKCop_zmwIBTTeBBy6" style="text-align: right" title="Effect on Result">(130,497)</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z9JcKxwL4UNe" style="text-align: right" title="Impact on Shareholders' equity">(607,198)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_909_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zbIh1Aowi0E5" title="Designation date">12/01/2022</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_908_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zj4QJKpmBWv3" title="Hedging instrument">Bonds</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_90F_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWW4ZkTTq5j1" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_906_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z0zooKYLGXi5" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_902_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGvpx7nZHmle" title="Hedged period">December 2022 - June 2031</span> </td> <td> </td> <td id="xdx_985_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zEX9Y8DSwYth" style="text-align: right" title="Exchange rate on designation">5.0360</td> <td> </td> <td id="xdx_983_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zij21vnmkpJ2" style="text-align: right" title="Designated amounts">490,000</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYKEaDcODlOl" style="text-align: right" title="Amortized part">(37,000)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zOE49z3IXsXb" style="text-align: right" title="Impact on Shareholders' equity">(211,279)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_908_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z88frZJfmBek" title="Designation date">12/01/2022</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_909_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zjyHTpYmPrc3" title="Hedging instrument">Advance on foreign exchange contract</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_90F_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWCavIFAT7Ja" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_907_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGZbkFpzpeJ2" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_903_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGuCpdMndXxk" title="Hedged period">December 2022 - December 2025</span> </td> <td> </td> <td id="xdx_989_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ztLN6V1QtgRk" style="text-align: right" title="Exchange rate on designation">5.2565</td> <td> </td> <td id="xdx_982_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zNZ4sLyegBd9" style="text-align: right" title="Designated amounts">100,000</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zgTKtcD7QRbk" style="text-align: right" title="Amortized part">(100,000)</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zVevY7wr2QCi" style="text-align: right" title="Effect on Result">(24,590)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_903_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5C8yXSNnbT4" title="Designation date">05/16/2024</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_908_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zjJEpwayRVib" title="Hedging instrument">Export Prepayments in US$ with third parties, ACC and Bonds</span> </td> <td style="text-align: right"> </td> <td> <span id="xdx_900_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdnS618fQfR" title="Hedged item">Part of the highly probable future monthly iron ore exports</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_909_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zZ9HxV7xJHDj" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zg3pJQNnuby" title="Hedged period">September 2024 - March 2035</span> </td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5NjtosPppz6" style="text-align: right" title="Exchange rate on designation">5.1270</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zr8HTOj5nw32" style="text-align: right" title="Designated amounts"> 1,202,000</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYTE5tQp8Qe2" style="text-align: right" title="Amortized part">(248,400)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_fKCop_ziNzRX8maL4g" style="text-align: right" title="Effect on Result">(71,590)</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_znJMQDRqoxlf" style="text-align: right" title="Impact on Shareholders' equity">(357,981)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_90B_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQz3OiOeyQob" title="Designation date">06/25/2024</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_903_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8MvyQLDSyVg" title="Hedging instrument">Advance on foreign exchange contract</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_907_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zY8cI1SLiWaj" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_902_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ztzCSIejQH93" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90A_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zr9j7nW01y79" title="Hedged period">June 2024 - February 2025</span> </td> <td> </td> <td id="xdx_984_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdzcbSrvUQs4" style="text-align: right" title="Exchange rate on designation">5.4405</td> <td> </td> <td id="xdx_988_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zuujImNJGDe5" style="text-align: right" title="Designated amounts"> 10,000</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zsiqwr2ekp79" style="text-align: right" title="Amortized part">(10,000)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zNxVF8RbFYGd" style="text-align: right" title="Effect on Result"> (2,853)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_905_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zzYVRb6MyDEg" title="Designation date">06/01/2022</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_904_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zbIwrYMIUvYf" title="Hedging instrument">Export prepayments in US$ to third parties</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_90C_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zR3gcemKzv21" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_90B_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zI5K808862Ck" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_908_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYq33KtiW6A1" title="Hedged period">June 2022 - May 2033</span> </td> <td> </td> <td id="xdx_98C_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWYOBGPB2kOa" style="text-align: right" title="Exchange rate on designation">4.7289</td> <td> </td> <td id="xdx_981_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2FlOkQ3hwR" style="text-align: right" title="Designated amounts">878,640</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zOXFSNzla5Gl" style="text-align: right" title="Amortized part">(260,060)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zrCQeVy6eEpc" style="text-align: right" title="Effect on Result">(81,905)</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z6y3oOpNZtJl" style="text-align: right" title="Impact on Shareholders' equity">(478,472)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_90C_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWJkOxirsLvg" title="Designation date">12/01/2022</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_900_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zevEfofkC1N2" title="Hedging instrument">Export prepayments in US$ to third parties</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_906_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zBB3q1min6ba" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_90E_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zVl5UbOZEsA2" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90E_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCBrnrd5NoLd" title="Hedged period">December 2022 - June 2027</span> </td> <td> </td> <td id="xdx_984_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zlxiZi4o3904" style="text-align: right" title="Exchange rate on designation">5.0360</td> <td> </td> <td id="xdx_983_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdGqp5v9G0W2" style="text-align: right" title="Designated amounts"> 70,000</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQfmKVcO7zKi" style="text-align: right" title="Impact on Shareholders' equity"> (32,559)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_900_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zHxhZpZQL8v" title="Designation date">05/16/2024</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_902_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKRmMepQ5Yog" title="Hedging instrument">Export prepayments in US$ to third parties</span> </td> <td style="text-align: right"> </td> <td> <span id="xdx_904_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z83gVwguhuq6" title="Hedged item">Part of the highly probable future monthly iron ore exports</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_906_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zjN5ZJKj0Igk" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_906_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zbcI9pw0PXQc" title="Hedged period">August 2025 - March 2035</span> </td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zRq5djTXh4a8" style="text-align: right" title="Exchange rate on designation">5.1270</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zzDiPGOxDIAf" style="text-align: right" title="Designated amounts">208,717</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWNL6Vp8sqog" style="text-align: right" title="Amortized part">(81,686)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zTuPvp5nO7w9" style="text-align: right" title="Effect on Result"> (5,039)</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zB3ztlIEVNSe" style="text-align: right" title="Impact on Shareholders' equity"> (47,687)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td colspan="11" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: left">Total recognized in the consolidated</td> <td style="font-weight: bold"> </td> <td id="xdx_98A_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zMOBCcJQdE82" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Designated amounts"> 7,893,118</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_znl1Sdl196Ei" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Amortized part"> (3,509,107)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_fKCop_zYYuGHu8gAvj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Effect on Result">(573,825)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdFLhn7hrGxa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on Shareholders' equity"> (4,900,466)</td></tr> </table> <p id="xdx_8AD_zPEOuDsWvEL7" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The net balance of the amounts designated and already amortized in US dollars totals US$ <span id="xdx_901_ecustom--AmortizedCost_iI_pn3n3_uUSD_c20251231_z1JcMheUtwa7" title="Amortized cost">4,384,011</span> (US$ <span id="xdx_900_ecustom--AmortizedCost_iI_pn3n3_uUSD_c20241231_zXSUkpdjdiib" title="Amortized cost">2,877,563</span> as of December 31, 2024).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In the hedge relationships described above, the values of the debt instruments were fully designated for equivalent portions of iron ore exports.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">As of December 31, 2025, the hedge relationships established by the Company were effective, according to the prospective and retrospective tests performed. Thus, no reversal due to ineffectiveness of cash flow hedge accounting was recorded.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; text-indent: 0in"><b>c) Net Investment Hedge in Foreign Subsidiaries</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The information related to the net investment hedge did not change in relation to that disclosed in the Company's financial statements as of December 31, 2024. The balance recorded as of December 31, 2025, and December 31, 2024, is R$ <span id="xdx_90E_ecustom--NetInvestment_iI_pn3n3_c20251231_zAv0bPvpbLc5" title="Net investment"><span id="xdx_90D_ecustom--NetInvestment_iI_pn3n3_c20241231_zA80Fuoi1mo2" title="Net investment">6,292,800</span></span>.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; text-indent: 0in"><b>d) Hedge Accounting Transactions</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The reconciliation of values related to cash flow hedge accounting recorded in equity as of December 31, 2025, is demonstrated as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfChangesInHedgeAccountingTableTextBlock_pn3n3_zs9GcOtJp4Ch" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 10)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B2_zXMsPV0ZAvyg" style="display: none">Schedule of hedge accounting movements</span></td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 52%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 12%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Movement</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Realization</td> <td style="border-top: Black 0.5pt solid; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Cash flow hedge</td> <td id="xdx_983_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iS_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zHSyC8bF71E3" style="border-top: Black 0.5pt solid; text-align: right" title="Fair value, net of taxes, beginning">(8,970,450)</td> <td> </td> <td id="xdx_98E_eifrs-full--GainsLossesOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zxDSRoTuYzZ9" style="border-top: Black 0.5pt solid; text-align: right" title="Movement"> 3,496,160</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQd6i33kgM39" style="border-top: Black 0.5pt solid; text-align: right" title="Realization"> 573,825</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iE_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zeRk3fARUmah" style="border-top: Black 0.5pt solid; text-align: right" title="Fair value, net of taxes, ending">(4,900,465)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Income tax and social contribution on cash flow hedge</td> <td id="xdx_983_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iS_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccountingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zDQMiAWUpBI9" style="text-align: right" title="Fair value, net of taxes, beginning"> 3,049,954</td> <td> </td> <td id="xdx_98C_eifrs-full--GainsLossesOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccountingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zgJeAz1F9QGh" style="text-align: right" title="Movement">(1,188,694)</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccountingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zhkFkWuudhC8" style="text-align: right" title="Realization">(195,100)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iE_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccountingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zaD1Do6D5VDl" style="text-align: right" title="Fair value, net of taxes, ending"> 1,666,160</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: bottom">Fair Value of cash flow accounting, net taxes</td> <td id="xdx_981_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iS_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember_zXyDGkF5kmL9" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Fair value, net of taxes, beginning">(5,920,496)</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--GainsLossesOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember_z6otBkFco4Ee" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Movement"> 2,307,466</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember_zMxX3tz7dQMc" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Realization"> 378,725</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iE_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember_zdzqK8w6xHBe" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Fair value, net of taxes, ending">(3,234,305)</td></tr> </table> <p id="xdx_8AF_zhF10WdJplt2" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 12pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 21.3pt"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>iv)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Credit Risk</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The exposure to credit risks of financial institutions observes the parameters established in financial policy. The Company's practice is the detailed analysis of the equity and financial situation of its customers and suppliers, the establishment of a credit limit and the permanent monitoring of its outstanding balance.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Regarding financial investments, the Company only makes investments in institutions with low credit risk assessed by credit rating agencies. Since part of the resources is invested in repurchase agreements that are backed by Brazilian government securities, there is also exposure to the credit risk of the Brazilian State.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Regarding credit risk exposure in trade and other receivables, the Company has a credit risk committee where each new customer is individually analyzed for their financial condition before credit limits and payment terms are granted. This is periodically reviewed according to the procedures specific to each business area.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 12pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 21.3pt"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>v)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Liquidity Risk</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">It is a risk that the Company may not have sufficient net funds to honor its financial commitments as a result of the mismatch of term or volume between expected receipts and payments.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Future receipt and payment premises are established to manage cash liquidity in domestic and foreign currencies, which are monitored on a day-to-day basis by the Treasury Department. The payment schedules for long-term installments of borrowings, financing and debentures are shown in note 14.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The following are the contractual maturities of financial liabilities including interest:</p> <p style="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock_pn3n3_zhZ2zeXwknj8" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 11)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B3_zy75N4M2UxV1" style="display: none">Schedule of liquidity risk</span></td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; width: 33%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; text-align: center; width: 3%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 10%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom; text-align: justify">At December 31, 2025</td> <td style="font-weight: bold; vertical-align: bottom; text-align: justify"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: bottom; text-align: justify"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Less than one year</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">From one to two years</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">From two to five years</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Over five years</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid">Borrowing and financing</td> <td> </td> <td style="text-align: center">14.b</td> <td> </td> <td id="xdx_98B_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zk6MHemCof3a" style="text-align: right" title="Contractual maturities"> 10,522,974</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zfOFGCdsrWs9" style="text-align: right" title="Contractual maturities"> 14,615,628</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zJQsOCRUG6ui" style="text-align: right" title="Contractual maturities"> 12,949,869</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zI11YNxDM322" style="text-align: right" title="Contractual maturities"> 15,504,149</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember_zZMCDJ3NXi3l" style="font-weight: bold; text-align: right" title="Contractual maturities"> 53,592,620</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Lease liabilities</td> <td> </td> <td style="text-align: center">16</td> <td> </td> <td id="xdx_984_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--LeasesMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zB9JETLXoaHb" style="text-align: right" title="Contractual maturities"> 238,702</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--LeasesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zKzcbg70QyAg" style="text-align: right" title="Contractual maturities"> 317,504</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--LeasesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zfCt4PLWSWDg" style="text-align: right" title="Contractual maturities"> 132,888</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--LeasesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zWtt6QOi0f5k" style="text-align: right" title="Contractual maturities"> 404,645</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--LeasesMember_zZdXgG39Ezsc" style="font-weight: bold; text-align: right" title="Contractual maturities"> 1,093,739</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Derivative financial instruments</td> <td> </td> <td style="text-align: center">19</td> <td> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__ifrs-full--DerivativesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_z76xaLmb0Tc8" style="text-align: right" title="Contractual maturities"> 153,507</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__ifrs-full--DerivativesMember_zuzV8PtTsy4e" style="font-weight: bold; text-align: right" title="Contractual maturities">153,507</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Trade payables</td> <td> </td> <td style="text-align: center">17</td> <td> </td> <td id="xdx_984_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zjxmleFmU3za" style="text-align: right" title="Contractual maturities"> 7,162,929</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zQqS7Dcpdz9i" style="text-align: right" title="Contractual maturities"> 63,214</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_z6WTIckJL7Rl" style="text-align: right" title="Contractual maturities"> 3,203</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zB49PfSBxhnc" style="text-align: right" title="Contractual maturities">390</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember_zaecxSbTrDal" style="font-weight: bold; text-align: right" title="Contractual maturities"> 7,229,736</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Trade payables - Forfaiting</td> <td> </td> <td style="text-align: center">17.a</td> <td> </td> <td id="xdx_98E_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesForfaitingMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zg6HvL0bBuHc" style="text-align: right" title="Contractual maturities"> 2,905,018</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesForfaitingMember_zbSE3hpT0XX4" style="font-weight: bold; text-align: right" title="Contractual maturities"> 2,905,018</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Dividends and interest on capital</td> <td> </td> <td style="text-align: center">19</td> <td> </td> <td id="xdx_98B_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--DividendsAndInterestOnCapitalMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zuqRhJ9anUyf" style="text-align: right" title="Contractual maturities"> 125,062</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--DividendsAndInterestOnCapitalMember_zx0jamB98Ap1" style="font-weight: bold; text-align: right" title="Contractual maturities">125,062</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Concessions to be paid</td> <td> </td> <td style="text-align: center">19</td> <td> </td> <td id="xdx_988_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ConcessionsToBePaidMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zBLM0gdb4EAl" style="text-align: right" title="Contractual maturities"> 13,350</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ConcessionsToBePaidMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zQfam8wQ68c2" style="text-align: right" title="Contractual maturities"> 13,350</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ConcessionsToBePaidMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zhAxwski1WIg" style="text-align: right" title="Contractual maturities"> 40,050</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ConcessionsToBePaidMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zAktbBPUb3Qh" style="text-align: right" title="Contractual maturities"> 25,019</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ConcessionsToBePaidMember_zUO4W9Mi7ZAa" style="font-weight: bold; text-align: right" title="Contractual maturities"> 91,769</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td id="xdx_985_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zObaZMInj7k6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Contractual maturities"> 20,968,035</td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_z87etsPJwIgf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Contractual maturities"> 15,009,696</td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zwl77xz1Vwx8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Contractual maturities"> 13,126,010</td> <td style="text-align: left"> </td> <td id="xdx_981_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zHnsRaE0hjH7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Contractual maturities"> 16,087,710</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--ContractualMaturities_iI_pn3n3_c20251231_zJ04ffgtDwy4" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Contractual maturities"> 65,191,451</td></tr> </table> <p id="xdx_8A8_zZ8CORGyqOvk" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Fair Values of Assets and Liabilities in Relation to the Book Value</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Assets and liabilities measured at fair value through profit or loss are recognized under financial results. However, when designated for hedge accounting operations, fair value adjustments are recorded under other comprehensive income up until the moment they are realized, when they are then recorded under other operating income (expenses), according to the nature of the operation.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The amounts are recorded in the financial statements at their book value, which are substantially similar to those that would be obtained if they were traded in the market. The fair values of other long-term assets and liabilities do not differ significantly from their carrying amounts, except for the amounts below.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The estimated fair value for certain consolidated long-term loans and financing was calculated at current market rates, considering the nature, term and risks similar to those of the registered contracts, as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfFairValuesOfAssetsAndLiabilitiesTableTextBlock_zMvQKYkphKzk" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 12)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BA_zVAmujZjACK5" style="display: none">Schedule of fair values of assets and liabilities</span></td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 27%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 18%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%">12/31/2025</td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 18%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: justify"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Closing Balance</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Fair value</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Closing Balance</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Fair value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Fixed Rate Notes <span style="font: normal 400 8pt HELVETICA LIGHT">^(*)</span></td> <td id="xdx_98A_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--FixedRateNotesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--LiquidityRiskMember_z0RaMIOlyya" style="text-align: right" title="Closing Balance"> 19,728,321</td> <td style="text-align: left"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilitiesAtFairValue_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--FixedRateNotesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--LiquidityRiskMember_zZrY3z8obny2" style="text-align: right" title="Fair value"> 16,958,019</td> <td style="text-align: left"> </td> <td id="xdx_989_eifrs-full--FinancialLiabilities_pn3n3_c20241231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--FixedRateNotesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--LiquidityRiskMember_zWcVGdVTkPk1" style="text-align: right" title="Closing Balance"> 22,204,604</td> <td style="text-align: left"> </td> <td id="xdx_987_eifrs-full--FinancialLiabilitiesAtFairValue_pn3n3_c20241231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--FixedRateNotesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--LiquidityRiskMember_zpK2xDDQFKc3" style="text-align: right" title="Fair value"> 19,584,985</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Source: Bloomberg</td></tr> </table> <p id="xdx_8A6_zTdu9FmUqGhe" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>15.c)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Derivative Financial Instruments Portfolio Position </b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b>Position of the derivative financial instrument’s portfolio </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b>Foreign Exchange Swap CDI x Dollar </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span id="xdx_905_ecustom--DerivativeTypeOfInstruments_c20250101__20251231_zdox5x1gDkQa" title="Derivative type">In October 2023, the Company entered into a new swap agreement with the purpose of mitigating the risk associated with an External Credit Note (NCE) acquired during the same period, whose maturity is scheduled for October 2028, and which has a principal amount of R$680,000.</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span id="xdx_90C_ecustom--DerivativeTypeOfInstruments_c20250101__20250131_zrJH7uAhduh8" title="Derivative type">In January 2025, the Company entered into a new swap agreement with the purpose of mitigating the risk associated with an External Credit Note (NCE) acquired during the same period, whose maturity is scheduled for January 2028, and which has a principal amount of US$50,000.</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b>Real x Dollar Foreign Exchange Swap </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Subsidiary CSN Cimentos Brasil, after receiving foreign currency loan in the amount of US$<span id="xdx_90F_eifrs-full--OtherBorrowings_iI_pn3n3_c20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--CSNCimentosMember_zDiDLLYqxb6b" title="Borrowings">115,000</span>, contracted derivative instruments to hedge again foreign exchange exposure to the dollar. This transaction was settled in June 2025.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On July 2024, CSN Cimentos Brasil, again, after obtaining a foreign currency loan in the amount of US$50,000, contracted derivative operations to hedge its exposure to the dollar, maturing in July 2027.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b>Interest Swap CDI x IPCA</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN Mineração, CSN Cimentos Brasil and CSN issued debentures during the years 2021, 2022 and 2023, respectively, and contracted derivative operations to protect their exposure to IPCA. The CSN Mineração contracts have staggered maturities between 2031 and 2037, the CSN Cimentos contracts mature in 2038, and CSN's between 2030 and 2038.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0">Below is the position of the derivatives:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfPositionOfDerivativesTableTextBlock_zAlODFLtAOFg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 13)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8B8_z5BBATkHboPi" style="display: none">Schedule of position of the derivatives</span></td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-style: italic; text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 32%"> </td> <td style="width: 1%"> </td> <td style="text-align: center; width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 7%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 7%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2025</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Appreciation (R$)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Fair value (market)</td> <td> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Impact on financial income (expenses) (note 30)</td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Instrument</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Maturity</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Functional Currency</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Notional amount</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Asset position</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Liability position</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Amounts receivable / (payable)</td> <td> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Exchange rate swap</td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; font-style: italic; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="color: red; font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Exchange rate swap Dollar x Real - CSN Cimentos Brasil</td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"><span id="xdx_903_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zO7hHfRp9c15" title="Maturity">Settled</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zFJma2jcBJZh" title="Functional Currency">Dollar </span></td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIDollarOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zLrcUsoY0md5" style="text-align: right" title="Notional amount">115,000</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98E_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdMVedoj0B22" style="text-align: right" title="Financial income (expenses), net">(92,552)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zuQzQ76bLp0k" style="text-align: right" title="Financial income (expenses), net">  58,392</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Dollar x Real swap - CSN Cimentos Brasil</td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"><span id="xdx_908_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKmYeXcf3F7f" title="Maturity">2027</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90D_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5XxkvULtqY6" title="Functional Currency">Dollar</span> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCKfknaMsrkd" style="text-align: right" title="Notional amount"> 50,000</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdHnJbc6zd2k" style="text-align: right" title="Appreciation asset position">  296,793</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYG5T4ogHWNf" style="text-align: right" title="Appreciation liability position"> (312,436)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2wUMnDbi3w2" style="text-align: right" title="Fair value market amoount receivable / payable">  (15,643)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_984_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5fHqqHANspf" style="text-align: right" title="Financial income (expenses), net">(88,120)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Exchange rate swap CDI x Dollar - CSN</td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zkiLAuxauuN" title="Maturity">2028</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_906_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zXT5LY6rllsk" title="Functional Currency">Real </span></td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z4nDbNfLKfh9" style="text-align: right" title="Notional amount">680,000</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zPhhKGiZUVfh" style="text-align: right" title="Appreciation asset position">  729,534</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCFOdYPNaOi5" style="text-align: right" title="Appreciation liability position"> (788,851)</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zSIlhAPVlc65" style="text-align: right" title="Fair value market amoount receivable / payable">  (59,318)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdwgVeMndGlj" style="text-align: right" title="Financial income (expenses), net">142,762</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWMHr52sGnLa" style="text-align: right" title="Financial income (expenses), net">  (146,529)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Exchange rate swap Dollar x Real - CSN</td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"><span id="xdx_906_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQLKJDQyJN46" title="Maturity">2028</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYwe2ObpD7Tj" title="Functional Currency">Dollar</span> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zTaNPu0HGlUk" style="text-align: right" title="Notional amount">295,000</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zoTb2ieWCey1" style="text-align: right" title="Appreciation asset position">  296,787</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z4NqIIM9NhH" style="text-align: right" title="Appreciation liability position"> (354,589)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zqiweGBPHUk7" style="text-align: right" title="Fair value market amoount receivable / payable">  (57,802)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8HCEYGiC9il" style="text-align: right" title="Financial income (expenses), net">(57,802)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zghIzQWb0YIf" style="text-align: right" title="Financial income (expenses), net">129,972</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Exchange rate swap Dollar x CDI - Grupo Estrela</td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"><span id="xdx_904_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zkuTLQpByVlh" title="Maturity">2027</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_906_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zAXeEddBbHAj" title="Functional Currency">Real</span> </td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zbQwxfWn6G42" style="text-align: right" title="Notional amount"> 311,971</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zFcb4eQEVQa" style="text-align: right" title="Appreciation asset position">214,896</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zZIzrTBRBKr8" style="text-align: right" title="Appreciation liability position">(235,146)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zvecpQ7mkY35" style="text-align: right" title="Fair value market amoount receivable / payable">(20,250)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_980_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zk2LCAlRVerk" style="text-align: right" title="Financial income (expenses), net">(53,029)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; font-style: italic">Total Exchange rate Swap </td> <td style="color: red; font-weight: bold; font-style: italic"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5htRoyYmnTd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation asset position"> 1,538,010</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zAqJlHpDHS8g" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation liability position"> (1,691,023)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zl3BUeRomXP3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair value market amoount receivable / payable"> (153,013)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_985_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zXVQjNNvJrF1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (148,741)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--TotalSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z3EeqqmulUvd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net">41,835</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Interest rate swap</td> <td style="color: red; font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"></td> <td style="font-style: italic; text-align: right"> </td> <td style="font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-style: italic; text-align: left">Interest rate (Debentures) CDI x IPCA - CSN</td> <td style="font-weight: bold; font-style: italic"> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ziPEv5XbgfIk" title="Maturity">2030 to 2039</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90C_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z7S1VvzMPGs7" title="Functional Currency">Real</span> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zaDncODMqV4g" style="text-align: right" title="Notional amount">2,012,358</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKlcXKtC0uta" style="text-align: right" title="Appreciation asset position"> 2,143,849</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zXi4Dejd8kkg" style="text-align: right" title="Appreciation liability position"> (2,195,014)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zk9LEb0dFM6f" style="text-align: right" title="Fair value market amoount receivable / payable">(51,165)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_988_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zOHaXZ2gMp9b" style="text-align: right" title="Financial income (expenses), net">(28,375)</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zpct28iWpKr" style="text-align: right" title="Financial income (expenses), net"> (211,994)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-style: italic; text-align: left">Interest rate (Debentures) CDI x IPCA - CSN Mineração</td> <td style="font-weight: bold; font-style: italic"> </td> <td style="text-align: center"><span id="xdx_90B_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zBDJ1w4vxhH3" title="Maturity">2031 to 2037</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90C_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGbm10nhW995" title="Functional Currency">Real</span> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zecGsC6HwHv2" style="text-align: right" title="Notional amount">2,400,000</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zJgOXiZH9fL9" style="text-align: right" title="Appreciation asset position"> 2,748,344</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zF1dHHszSJ0k" style="text-align: right" title="Appreciation liability position"> (2,769,908)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zLU7QdqBcj5c" style="text-align: right" title="Fair value market amoount receivable / payable">(21,564)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98D_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGb6OqiyoVA8" style="text-align: right" title="Financial income (expenses), net">(25,339)</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zTxUkLLso821" style="text-align: right" title="Financial income (expenses), net"> (406,992)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-style: italic; text-align: left">Interest rate (Debentures) CDI x IPCA - CSN Cimentos Brasil</td> <td style="font-weight: bold; font-style: italic"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90C_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCy0UcUIwChc" title="Maturity">2032</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdgui2eZbfwe" title="Functional Currency">Real</span> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ztcJIds4o3W9" style="text-align: right" title="Notional amount">1,200,000</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zpGvUgE9XtVi" style="text-align: right" title="Appreciation asset position"> 1,399,848</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zb2MBLmXgKel" style="text-align: right" title="Appreciation liability position"> (1,327,719)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zMT5k5vpOEui" style="text-align: right" title="Fair value market amoount receivable / payable"> 72,129</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98D_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zVp9jOQvdna1" style="text-align: right" title="Financial income (expenses), net">(16,048)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zUtYHMIujoze" style="text-align: right" title="Financial income (expenses), net"> (172,951)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; font-style: italic">Total interest rate (Debentures) CDI x IPCA</td> <td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalInterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zqDy4c3v8mF7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation asset position"> 6,292,041</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalInterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z3kcNZ9NmVY5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation liability position"> (6,292,641)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalInterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zxvLatqNU1oh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair value market amoount receivable / payable"> (600)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_981_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalInterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zNupEwJYyx6c" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net">(69,762)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--TotalInterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zAWXWazAT3o2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (791,937)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-style: italic; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231_zO8y4q44lWP" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation asset position"> 7,830,051</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231_zS96lyY8zQe6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation liability position"> (7,983,664)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231_zTTOfohSnIe7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair value market amoount receivable / payable"> (153,613)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231_ztf29tZlWNae" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (218,503)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231_zAb6qsX1niC1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (750,102)</td></tr> </table> <p id="xdx_8A5_zNWBO2W3nXmk" style="font: 10pt/115% Helvetica light,serif; margin: 0"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Classification of Derivatives in the Balance Sheet and Income Statement</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfBalanceSheetAndStatementOfIncomeTableTextBlock_zKdYnhFpV5A" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 14)"> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: left"><span id="xdx_8B8_zxaSm3Py48p8" style="display: none">Schedule of balance sheet and statement of income</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; width: 23%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 6%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 8%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 6%">12/31/2025</td> <td style="border-bottom: Black 1pt solid; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 6%">12/31/2024</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 8%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 8%">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Instruments</td> <td> </td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Assets</td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Liabilities</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Other comprehensive income</td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Financial income (expenses), net (note 30)</td></tr> <tr style="vertical-align: middle"> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Current</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Total</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Current</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Non-current</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Total</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Iron ore derivative</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--IronOreDerivativeMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zrc8jws9Y7j1" style="text-align: right" title="Liabilities current">(67,304)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--DerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--IronOreDerivativeMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ze7t3D6oB1Ob" style="text-align: right" title="Total">(67,304)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherComprehensiveIncome_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--IronOreDerivativeMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zm1EddyySf1d" style="text-align: right" title="Other comprehensive income">(29,976)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--IronOreDerivativeMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z1WluSH2Zyc3" style="text-align: right" title="Financial income (expenses), net"> (1,346)</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--IronOreDerivativeMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zPPmpzkDV7Oe" style="text-align: right" title="Financial income (expenses), net">19,446</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Exchange rate swap CDI x Dollar </td> <td> </td> <td id="xdx_98E_eifrs-full--CurrentDerivativeFinancialAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8cYZMAoEsR8" style="text-align: right" title="Assets current"> 494</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--DerivativeFinancialAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z9l5YDVYIiL1" style="text-align: right" title="Assets, total"> 494</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zslGcczljya6" style="text-align: right" title="Liabilities non-current">(137,864)</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--DerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zvzX0aO6G36e" style="text-align: right" title="Total">(137,864)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zFQLZU4D8wEj" style="text-align: right" title="Financial income (expenses), net">31,931</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zMelMLvcjzxj" style="text-align: right" title="Total"> (146,528)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom; text-align: left">Exchange rate swap CDI x IPCA <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--NoncurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zZ245kP3Chsc" style="vertical-align: middle; text-align: right" title="Liabilities non-current">(600)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_987_eifrs-full--DerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKof5tFTkdbb" style="vertical-align: middle; text-align: right" title="Total">(600)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ztF3HRhzTxmc" style="vertical-align: middle; text-align: right" title="Financial income (expenses), net"> (69,762)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGFpyPVujJ86" style="vertical-align: middle; text-align: right" title="Total"> (791,938)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Dollar x Real swap</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--NoncurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeDollarRealSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zpa6Hppekqd6" style="text-align: right" title="Liabilities non-current">(15,643)</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--DerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeDollarRealSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zXEMU5F1ATY" style="text-align: right" title="Total">(15,643)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeDollarRealSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zxkRoWQRWxX6" style="text-align: right" title="Financial income (expenses), net"> (180,672)</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeDollarRealSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zlqFK9ePvW3i" style="text-align: right" title="Total">188,364</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td id="xdx_98C_eifrs-full--CurrentDerivativeFinancialAssets_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zZts3s9mQUk2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Assets, current"> 494</td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--DerivativeFinancialAssets_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zpELL5XNn6cb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Assets, total"> 494</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zAwrXR3RYdde" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Liabilities current">(67,304)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--NoncurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zpSHYXKgX0Z1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Liabilities non-current">(154,107)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--DerivativeFinancialLiabilities_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zliJH9tHaEAc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">(221,411)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherComprehensiveIncome_pn3n3_c20250101__20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zxFLaSV9ylJ6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other comprehensive income">(29,976)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20250101__20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zgfqCgOnDHp2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (219,849)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20240101__20241231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2CApP6QeaT2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (730,656)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">The SWAP CDI x IPCA derivative instruments are fully classified in the borrowings and financing group, since they are linked to debentures with the purpose of protecting against IPCA exposure.</td></tr> </table> <p id="xdx_8A9_zWfiGCtcRPid" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>15.d)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Investments in Securities Measured at Fair Value through Profit or Loss </b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company holds common shares (USIM3), preferred shares (USIM5) of Usiminas Siderúrgica de Minas Gerais S.A. ("Usiminas"). </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Usiminas shares are classified as current assets in financial investments and at fair value, based on the market price quotation B3.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">According to the Company's policy, gains and losses resulting from changes in stock prices are recorded directly in the income statement under financial income for shares classified as financial investments and under other operating income and expenses for shares classified as investments.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 14.2pt"><span style="font-family: Helvetica light,serif"><b>vi)</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Stock Market Price Risks</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfOtherOperatingIncomeAndExpensesTableTextBlock_zaA0fFvdYY81" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 15)"> <tr> <td style="vertical-align: middle; text-align: center"><span id="xdx_8B6_z12VYAp8qV31" style="display: none">Schedule of stock market price risks</span></td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Class of shares</td> <td style="border-top: Black 0.5pt solid; font-size: 11pt; vertical-align: bottom"> </td> <td colspan="7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td colspan="7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Quantity</td> <td style="border-top: Black 0.5pt solid; font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Interest (%)</td> <td style="border-top: Black 0.5pt solid; font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Share price</td> <td style="border-top: Black 0.5pt solid; font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Closing Balance</td> <td style="font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Quantity</td> <td style="font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Equity interest (%)</td> <td style="border-top: Black 0.5pt solid; font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Share price</td> <td style="font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Closing Balance</td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Profit or loss (note 30)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: center; width: 14%">USIM3</td> <td style="font-size: 11pt; vertical-align: bottom; width: 1%"> </td> <td id="xdx_98E_ecustom--NumberOfShares_iI_pid_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zGqUcegOdtda" style="vertical-align: middle; text-align: right; width: 8%" title="Quantity (in shares)"> 35,192,508</td> <td style="font-size: 11pt; vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: middle; text-align: center; width: 9%"><span id="xdx_900_ecustom--InvestmentInterestRate1_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zdxlCwZv7ixh" title="Equity interest (%)">4.99</span>%</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td id="xdx_98F_ecustom--SharePrice1_iI_pid_uPure_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_za0SRXeT8Xbh" style="vertical-align: middle; text-align: right; width: 5%" title="Share price">5.96</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td id="xdx_989_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zrAuRrz7gPph" style="vertical-align: middle; text-align: right; width: 7%" title="Closing Balance">209,747</td> <td style="font-size: 11pt; vertical-align: bottom; width: 1%"> </td> <td id="xdx_982_ecustom--NumberOfShares_iI_pid_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_z8YV2MAgtB38" style="vertical-align: middle; text-align: right; width: 8%" title="Quantity (in shares)"> 106,620,851</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="vertical-align: middle; text-align: center; width: 7%"><span id="xdx_900_ecustom--InvestmentInterestRate1_pid_dp_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zNH4GrXscFu5" title="Equity interest (%)">15.12</span>%</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td id="xdx_982_ecustom--SharePrice1_iI_pid_uPure_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zlgpxvYlOJOb" style="vertical-align: middle; text-align: right; width: 7%" title="Share price"> 5.32</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td id="xdx_980_ecustom--StockValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zqpnIhCGOkb4" style="vertical-align: middle; text-align: right; width: 8%" title="Closing Balance"> 567,222</td> <td style="vertical-align: middle; text-align: center; width: 1%"> </td> <td id="xdx_98A_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zbWxq9fdDYmj" style="vertical-align: middle; text-align: right; width: 9%" title="Fair value adjustment recognized in profit or loss"> (43,728)</td> <td style="vertical-align: middle; text-align: center; width: 1%"> </td> <td id="xdx_985_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zOdeubiyvAHf" style="vertical-align: middle; text-align: right; width: 8%" title="Fair value adjustment recognized in profit or loss">(413,689)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: center">USIM5</td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td id="xdx_989_ecustom--NumberOfShares_iI_pid_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zwfmGfd3ssAd" style="vertical-align: middle; text-align: right" title="Quantity (in shares)"> 27,336,117</td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_90C_ecustom--InvestmentInterestRate1_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zQ8S3qVLBW7f" title="Equity interest (%)">4.99</span>%</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_ecustom--SharePrice1_iI_pid_uPure_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zEuxdqbTs9Sd" style="vertical-align: middle; text-align: right" title="Share price">5.95</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zPA1MIqrDkEf" style="vertical-align: middle; text-align: right" title="Closing Balance">162,650</td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td id="xdx_988_ecustom--NumberOfShares_iI_pid_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zaYzjYZKr6V" style="vertical-align: middle; text-align: right" title="Quantity (in shares)"> 55,144,456</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_901_ecustom--InvestmentInterestRate1_pid_dp_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zODeHZIfKAlc" title="Equity interest (%)">10.07</span>%</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--SharePrice1_iI_pid_uPure_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zrKXvQ1AUFq6" style="vertical-align: middle; text-align: right" title="Share price"> 5.32</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_ecustom--StockValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zJjfOtzASE14" style="vertical-align: middle; text-align: right" title="Closing Balance"> 293,369</td> <td style="vertical-align: middle; text-align: center"> </td> <td id="xdx_98C_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_z2YNADqzzIu5" style="vertical-align: middle; text-align: right" title="Fair value adjustment recognized in profit or loss"> (13,834)</td> <td style="vertical-align: bottom; text-align: center"> </td> <td id="xdx_984_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zsutsmn1L5Ul" style="vertical-align: middle; text-align: right" title="Fair value adjustment recognized in profit or loss">(218,923)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember_zIPE5JYPivie" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Closing Balance">372,397</td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_ecustom--StockValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember_zPY1dPDLBzmb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Closing Balance"> 860,591</td> <td style="vertical-align: bottom; text-align: center"> </td> <td id="xdx_98B_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember_zFIZu4hWnNm6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Fair value adjustment recognized in profit or loss"> (57,562)</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember_zkQAWMMmnke1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Fair value adjustment recognized in profit or loss">(632,612)</td></tr> </table> <p id="xdx_8A6_zalQQN0E8Ug4" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company is exposed to the risk of changes in the stock price due to the investments measured at fair value through profit or loss that have their quotations based on the market price on the B3.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Sensitivity Analysis for Stock Price Risks</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">We present below the sensitivity analysis for the risks related to stock price variation. The Company evaluated two distinct scenarios for the impact of price fluctuations: Scenario 1 (extreme optimistic) forecasts a horizon of price appreciation, and Scenario 2 (extreme pessimistic) considers a horizon of deterioration in price volatility. This calculation was based on the closing price of the shares on December 31, 2025, using assumptions based on both the dispersion of historical variations in prices and projections prepared by Management.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The effects on the profit or loss, considering the probable scenarios, 1 and 2, are shown below:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfSensitivityAnalysisEffectsOnClassOfSharesTableTextBlock_zyfDdMPZ4rKi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 16)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><span id="xdx_8B7_zqjSAqDRQWqd" style="display: none">Schedule of sensitivity analysis for stock price risks</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; text-align: right; width: 30%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; text-align: right; width: 13%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Helvetica light; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; width: 13%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Helvetica light; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; width: 13%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; width: 13%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: bottom; text-align: right; width: 13%">12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">Class of shares</td> <td style="font-family: Arial, sans-serif; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">Quantity</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">Share price on 12/31/2025</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">Closing Balance</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">Extreme Optimistic Scenario (1)</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">Extreme Pessimistic Scenario (2)</td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; text-align: center"> USIM3 </td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_984_ecustom--NumberOfShares_iI_pid_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zmDB1t0smf5d" style="font-family: Arial, sans-serif; text-align: right" title="Quantity (in shares)"> 35,192,508</td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td id="xdx_98A_ecustom--SharePrice1_iI_pid_uPure_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_z28xhYanqFi6" style="font-family: Arial, sans-serif; text-align: right" title="Share price"> 5.96</td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td id="xdx_98F_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zpYSYFpTPYX4" style="font-family: Arial, sans-serif; text-align: right" title="Closing Balance">209,747</td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td id="xdx_98D_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremeOptimisticScenarioMember_zE9wXkwsSfl7" style="font-family: Arial, sans-serif; text-align: right" title="Closing Balance">20,201</td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td id="xdx_985_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremePessimisticScenarioMember_zguGr6j816e4" style="font-family: Arial, sans-serif; text-align: right" title="Closing Balance"> (75,342)</td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> USIM5 </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_983_ecustom--NumberOfShares_iI_pid_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zXH7dydij8oj" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Quantity (in shares)"> 27,336,117</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td id="xdx_98F_ecustom--SharePrice1_iI_pid_uPure_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zyGIIaDKjDof" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Share price"> 5.95</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td id="xdx_98F_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zdsnsc84bSW" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Closing Balance">162,650</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td id="xdx_988_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremeOptimisticScenarioMember_zwLyTKC1Rub" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Closing Balance">15,665</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td id="xdx_98D_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremePessimisticScenarioMember_zYmO0MIACCW4" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Closing Balance"> (58,308)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_984_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember_z95CvT7legD7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Closing Balance">372,397</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_98D_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremeOptimisticScenarioMember_zIzoqiRd6Xff" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Closing Balance">35,866</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_98E_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremePessimisticScenarioMember_zhmAc5BaG1V5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Closing Balance"> (133,650)</td></tr> </table> <p id="xdx_8AD_zBA2f3KzCOi6" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>15.e)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Capital Management</b></span></td></tr></table> <p style="font: 9pt/115% Arial,sans-serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company seeks to optimize its capital structure with the purpose of reducing its financial costs and maximizing returns to its shareholders. The following chart demonstrates the evolution of the Company's consolidated capital structure, with financing through equity and third-party capital:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfCapitalManagementTableTextBlock_zYWdKUJWCj3d" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 17)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BD_znZN5HOIUJQ7" style="display: none">Schedule of capital management</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 61%">Thousands of Reais</td> <td style="font-weight: bold; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 19%">12/31/2025</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 18%">12/31/2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Shareholder's equity (equity)</td> <td> </td> <td id="xdx_98A_eifrs-full--Equity_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zHXXhoLKSCl7" style="text-align: right" title="Shareholder's equity (equity)">15,736,350</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--Equity_iI_pn3n3_c20241231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zn0cIYMWZTAh" style="text-align: right" title="Shareholder's equity (equity)"> 15,459,116</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Borrowings and Financing (Third-party capital)</td> <td> </td> <td id="xdx_980_ecustom--BorrowingsAndFinancingThirdPartyCapital_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zJwhuXLJr3u9" style="text-align: right" title="Borrowings and Financing (Third-party capital)">52,924,547</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--BorrowingsAndFinancingThirdPartyCapital_iI_pn3n3_c20241231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zFh3zuKHuqsl" style="text-align: right" title="Borrowings and Financing (Third-party capital)"> 56,914,621</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Gross Debit/Shareholder's equity</td> <td> </td> <td id="xdx_989_ecustom--GrossDebitperShareholdersEquity_iI_pip0_c20251231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zUn8WeMS7fi1" style="text-align: right" title="Gross Debit/Shareholder's equity"> 3.36</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--GrossDebitperShareholdersEquity_iI_pip0_c20241231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zPxDiJMSdl99" style="text-align: right" title="Gross Debit/Shareholder's equity"> 3.68</td></tr> </table> <p id="xdx_8A9_z51aHQoCLsj2" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company's financial instruments are classified based on the definition of the Company's business model and, in the case of financial assets, cash flow characteristics. On initial recognition, financial assets can be classified into three categories: assets measured at amortization cost, fair value through profit or loss and fair value through other comprehensive income.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Financial assets are written off when the rights to receive cash flows have expired or have been transferred in the latter case, provided that the Company has significantly transferred all risks and benefits of ownership.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">If the company substantially holds all the risks and benefits of the financial asset's ownership, it must continue to recognize the financial asset.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Financial liabilities are classified as amortized cost or fair value through profit or loss. Management determines the classification of its financial liabilities at initial recognition.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Financial liabilities are written off only when they are extinguished, that is, when the obligation specified in the contract is settled, cancelled, or expires. The Company also extinguishes financial liability when the terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Financial assets and liabilities are offset, and the net amount is reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle them on a net basis or when the realization of the asset and settlement of the liability occurs simultaneously.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Derivative Instruments and Hedging Activities</b></p> <p style="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently measured at fair value with variations recorded against profit or loss under Financial Income in the income statement.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Hedge Accounting: </b>The Company adopts hedge accounting and designates certain financial liabilities as a hedge instrument for exchange rate risk and price risk (Platts index) associated with cash flows from forecast and highly probable exports (cash flow hedge).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">At the beginning of the operation, the Company documents the relationships between the hedging instruments and the hedged items (expected exports), as well as the objectives of risk management and the strategy for carrying out various hedging operations.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Furthermore, it documents its assessment, both at the beginning of the hedge and on an ongoing basis, that hedging operations are highly effective in offsetting variations in the cash flows of hedged items.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The effective portion of changes in the fair value of financial liabilities designated and qualified as cash flow hedges is recognized in equity, under the heading "Hedge Accounting". Gains or losses related to the non-effective portion are recognized in other operating expenses/revenues when applicable.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The gains and losses from Cash Flow Hedge Accounting of debt financial instruments and iron ore derivative financial instruments will not immediately affect the Company's income, but only as exports are realized.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The accumulated amounts in equity are realized in the operating results in the periods when the projected exports affect the result.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">When a hedging instrument expires or is settled early, or the hedging relationship no longer meets the criteria for Hedge Accounting, or when Management decides to discontinue Hedge Accounting, any accumulated gain or loss existing in equity at that time remains recorded in shareholders' equity and, from that point forward, exchange variations are recorded in financial income. When the forecasted transaction is carried out, the gain or loss is reclassified to operating income. When a forecasted operation is no longer expected to occur, the cumulative gain or loss that has been presented in equity is immediately transferred to the income statement under the heading "Other Operations".</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Investment Hedge: </b>The Company designates a portion of its financial liabilities for net investment as a hedging instrument for its investments abroad with functional currency different from the Group's currency in accordance with IAS 39 and IFRS 9. This relationship occurs because financial liabilities are related to investments in the amounts necessary for the effective relationship.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company documents, at the inception of the transaction, the relationships between hedging instruments and hedged items, as well as the risk management objectives and strategy for undertaking hedging transactions. The Company also documents its assessment, both at hedge inception and on an ongoing basis, that the hedging transactions are highly effective in offsetting changes in the hedged items.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The effective portion of changes in the fair value of financial liabilities that are designated and qualify as net investment hedges is recognized as equity under Hedge Accounting. The gains or losses related to the ineffective portion are recognized in Other Operations, when applicable. If at any time during the hedge relationship the debt balance is greater than the investment balance, the exchange variation on the excess debt is reclassified to the income statement as other operating income/expenses (hedge ineffectiveness).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The amounts accumulated in the equity will be realized in the income statement by the disposal or partial disposal of the foreign operation.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfFinancialInstrumentsTableTextBlock_pn3n3_z6MZI0YTcRR6" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details)"> <tr> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"><span id="xdx_8B1_zVygErYeSVhl" style="display: none">Schedule of financial instruments</span></td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td id="xdx_49E_20251231__ifrs-full--CategoriesOfFinancialAssetsAxis__custom--FinancialInstrumentsAtFairValueThroughProfitOrLossCategoryMember_zJwfhwDovtEe" style="vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_49A_20251231__ifrs-full--CategoriesOfFinancialAssetsAxis__custom--FairValueThroughProfitOrLossMember_zjgtsiuVxAD4" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_494_20251231__ifrs-full--CategoriesOfFinancialAssetsAxis__custom--FinancialInstrumentsAtAmortisedCostCategoryMember_zFG31dcoRatb" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_49E_20251231_zWGdoG2dQ0ja" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_490_20241231__ifrs-full--CategoriesOfFinancialAssetsAxis__custom--FinancialInstrumentsAtFairValueThroughProfitOrLossCategoryMember_zDyE6jjMW6y7" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_494_20241231__ifrs-full--CategoriesOfFinancialAssetsAxis__custom--FinancialInstrumentsAtAmortisedCostCategoryMember_z0XR8Qcoerg1" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_496_20241231_zT2QI2PRr2Tk" style="vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 26%"> </td> <td style="width: 1%"> </td> <td style="width: 3%"> </td> <td style="width: 1%"> </td> <td style="width: 9%"> </td> <td style="width: 1%"> </td> <td style="width: 9%"> </td> <td style="width: 1%"> </td> <td style="width: 9%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td rowspan="3" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Ref.</td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Fair value through other comprehensive income</td> <td style="text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Fair value through profit or loss</td> <td style="text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Measured at amortized cost</td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Balances</td> <td style="text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Fair value through profit or loss</td> <td style="text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Measured at amortized cost</td> <td style="font-weight: bold; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Balances</td></tr> <tr style="vertical-align: middle"> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr id="xdx_40F_eifrs-full--AssetsAbstract_iB_zNfuTukKh097" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left">Assets</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr id="xdx_40E_eifrs-full--CurrentAssetsAbstract_iB_zEa9rTUEmwpi" style="background-color: White"> <td style="padding-left: 15px; font-weight: bold; vertical-align: middle; text-align: left">Current</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="color: red; vertical-align: bottom; text-align: center"> </td> <td style="color: red; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td></tr> <tr id="xdx_406_eifrs-full--CashAndCashEquivalents_iI_pn3n3_zJdeO1yoYku8" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Cash and cash equivalents</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">4</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">14,421,022</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">14,421,022</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 23,310,197</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">23,310,197</td></tr> <tr id="xdx_409_ecustom--CurrentFinancialInvestments_iI_pn3n3_zz8HYlULBlt9" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Financial investments</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">5</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 372,397</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">270,318</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 642,715</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 860,591</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">50,787</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 911,378</td></tr> <tr id="xdx_406_eifrs-full--CurrentTradeReceivables_iI_pn3n3_z2iHdJOZgCj9" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade receivables</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">6</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 66,464</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,330,569</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,397,033</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 181,262</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 2,719,736</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,900,998</td></tr> <tr id="xdx_404_ecustom--CurrentDividendsAndInterestOnEquity_iI_pn3n3_z9qvSbTmvVy4" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Dividends and interest on equity</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">76,026</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">76,026</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">201,436</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 201,436</td></tr> <tr id="xdx_40C_eifrs-full--DerivativeFinancialAssets_iI_pn3n3_zyiB6i1ugxT5" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative financial instruments</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 494</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 494</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 152,967</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 152,967</td></tr> <tr id="xdx_40C_ecustom--CurrentReceivablesByIndemnity_pn3n3_zr45ggulZrLl" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Receivables - Usiminas Shares</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">192,911</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 192,911</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40A_ecustom--CurrentOtherReceivables_iI_pn3n3_z7piHEi2WHE4" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other receivables</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,377</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,377</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40D_ecustom--CurrentTradingSecurities_iI_pn3n3_zjnjfdtXffT3" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trading securities</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right">2,598</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,598</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,947</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,947</td></tr> <tr id="xdx_408_ecustom--CurrentLoansRelatedParties_iI_pn3n3_zyAXUV8Qad4h" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Loans - related parties</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">24.b</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">4,147</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">4,147</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 5,315</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">5,315</td></tr> <tr id="xdx_400_ecustom--CurrentAsset_iI_pn3n3_zsal4HFos9li" style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Total</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> 441,953</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">17,297,370</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">17,739,323</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">1,197,767</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> 26,287,471</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">27,485,238</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_401_eifrs-full--NoncurrentAssetsAbstract_iB_zAiso2UDHiv1" style="background-color: White"> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left">Non-current</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_408_ecustom--NonCurrentFinancialInvestments_iI_pn3n3_zLGGDXZZ3UJc" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Financial investments</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">5</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-size: 7pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">25,257</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">25,257</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">169,977</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 169,977</td></tr> <tr id="xdx_40E_ecustom--NoncurrentReceivablesUsiminasShares_iI_pn3n3_zp94uzBdGTgf" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Receivables - Usiminas Shares</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-size: 7pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">150,578</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 150,578</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40D_eifrs-full--NoncurrentTradeReceivables_iI_pn3n3_zVz3dQObI1Mi" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Other trade receivables</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">19,759</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">19,759</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 1,888</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">1,888</td></tr> <tr id="xdx_407_ecustom--NonCurrentEletrobrsCompulsoryLoan_iI_pn3n3_zimsQs1482z6" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Eletrobrás compulsory loan</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">3,787</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">3,787</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">51,012</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 51,012</td></tr> <tr id="xdx_407_ecustom--NonCurrentReceivablesByIndemnity_pn3n3_zd5Z4UUFpOQh" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Receivables by indemnity</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">9</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">779,827</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 779,827</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">790,914</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 790,914</td></tr> <tr id="xdx_405_ecustom--NonCurrentLoansRelatedParties_iI_pn3n3_z9UHPgI8OB48" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Loans - related parties</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">24.b</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-size: 7pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,137,882</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,137,882</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 1,903,028</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">1,903,028</td></tr> <tr id="xdx_402_ecustom--NoncurrentAsset_iI_pn3n3_zHTaPh7XV5Ng" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Total</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">3,117,090</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">3,117,090</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> 2,916,819</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">2,916,819</td></tr> <tr style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_400_ecustom--Assets1_iI_pn3n3_zXC8FPv5rGW7" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Total Assets</td> <td style="vertical-align: bottom"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 441,953</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">20,414,460</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">20,856,413</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">1,197,767</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 29,204,290</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">30,402,057</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr id="xdx_404_eifrs-full--LiabilitiesAbstract_iB_zVVJuvmij5dh" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left">Liabilities</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_404_eifrs-full--CurrentLiabilitiesAbstract_iB_zBoy5b9VLhD4" style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Current</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40E_ecustom--CurrentBorrowingsAndFinancing_iI_pn3n3_zcAMB1rIYnE9" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Borrowings and financing </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">14</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">10,522,974</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">10,522,974</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 8,902,558</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">8,902,558</td></tr> <tr id="xdx_406_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_zEtNXH5LHE62" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Lease liabilities</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">16</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">238,702</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 238,702</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">206,323</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 206,323</td></tr> <tr id="xdx_402_ecustom--CurrentTradePayables_iI_pn3n3_zFqfGjYJQeze" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade payables</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">17</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">7,162,929</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">7,162,929</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 7,030,734</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">7,030,734</td></tr> <tr id="xdx_40F_ecustom--CurrentTradePayablesForfaiting_iI_pn3n3_zjJHIn6YzMWj" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade payables - Forfaiting</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">17.a</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,905,018</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,905,018</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 2,902,593</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,902,593</td></tr> <tr id="xdx_40E_ecustom--CurrentDividendsAndInterestOnCapital_iI_pn3n3_zYjFXxQ3Ubzj" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Dividends and interest on capital</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">19</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">358,040</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 358,040</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">61,965</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 61,965</td></tr> <tr id="xdx_40E_ecustom--CurrentDerivativeFinancialInstruments_iI_pn3n3_z3THxAW1Btte" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative transactions</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">19</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 67,304</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">67,304</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_409_ecustom--CurrentConcessionsToBePaid_iI_pn3n3_zgmIRVMybtDj" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Concessions to be paid</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: center">19</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">13,350</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">13,350</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">12,555</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 12,555</td></tr> <tr id="xdx_406_ecustom--CurrentLiability_iI_pn3n3_zgna15MenwYf" style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Total</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> 67,304</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">21,201,013</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">21,268,317</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> 19,116,728</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">19,116,728</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="color: red; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="color: red; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="color: red; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="color: red; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40E_eifrs-full--NoncurrentLiabilitiesAbstract_iB_zdoHtE5fl4s1" style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Non-current</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="color: red; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_400_ecustom--NonCurrentBorrowingsAndFinancing_iI_pn3n3_zzhwEZtqtqrj" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Borrowings and financing </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">14</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">43,069,646</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">43,069,646</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 48,656,020</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">48,656,020</td></tr> <tr id="xdx_40F_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_z0ZFtTOJhNt3" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Lease liabilities</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">16</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">855,037</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 855,037</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">633,982</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 633,982</td></tr> <tr id="xdx_40A_ecustom--NonCurrentTradePayables_iI_pn3n3_zCtUxqdFMUPk" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade payables</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">17</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">66,807</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">66,807</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">43,263</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 43,263</td></tr> <tr id="xdx_408_ecustom--NonCurrentDerivativeFinancialInstruments_iI_pn3n3_zpUoHqU4t1Bk" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative transactions</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">19</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 153,507</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 153,507</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 157,857</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 157,857</td></tr> <tr id="xdx_402_ecustom--NonCurrentConcessionsToBePaid_iI_pn3n3_ze2U0QFRctNa" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Concessions to be paid</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center">19</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">78,419</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">78,419</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">78,728</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 78,728</td></tr> <tr id="xdx_400_ecustom--NoncurrentLiability_iI_pn3n3_zEEieb2WEDJ2" style="background-color: White"> <td style="padding-left: 30px; font-weight: bold; vertical-align: bottom; text-align: left">Total</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="color: red; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> 153,507</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">44,069,909</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">44,223,416</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> 157,857</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> 49,411,993</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">49,569,850</td></tr> <tr id="xdx_409_ecustom--TotalLiabilities_pn3n3_zTy2tC1uLnN9" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Total Liabilities</td> <td style="vertical-align: bottom"> </td> <td style="color: red; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 67,304</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 153,507</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">65,270,922</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">65,491,733</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 157,857</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 68,528,721</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">68,686,578</td></tr> </table> 14421022000 14421022000 23310197000 23310197000 372397000 270318000 642715000 860591000 50787000 911378000 66464000 2330569000 2397033000 181262000 2719736000 2900998000 76026000 76026000 201436000 201436000 494000 494000 152967000 152967000 192911000 192911000 2377000 2377000 2598000 2598000 2947000 2947000 4147000 4147000 5315000 5315000 441953000 17297370000 17739323000 1197767000 26287471000 27485238000 25257000 25257000 169977000 169977000 150578000 150578000 19759000 19759000 1888000 1888000 3787000 3787000 51012000 51012000 779827000 779827000 790914000 790914000 2137882000 2137882000 1903028000 1903028000 3117090000 3117090000 2916819000 2916819000 441953000 20414460000 20856413000 1197767000 29204290000 30402057000 10522974000 10522974000 8902558000 8902558000 238702000 238702000 206323000 206323000 7162929000 7162929000 7030734000 7030734000 2905018000 2905018000 2902593000 2902593000 358040000 358040000 61965000 61965000 67304000 67304000 13350000 13350000 12555000 12555000 67304000 21201013000 21268317000 19116728000 19116728000 43069646000 43069646000 48656020000 48656020000 855037000 855037000 633982000 633982000 66807000 66807000 43263000 43263000 153507000 153507000 157857000 157857000 78419000 78419000 78728000 78728000 153507000 44069909000 44223416000 157857000 49411993000 49569850000 67304000 153507000 65270922000 65491733000 157857000 68528721000 68686578000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfFinancialInstrumentsAtFairValueThroughProfitOrLossTableTextBlock_pn3n3_zwrkOGO57dD7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 1)"> <tr style="vertical-align: middle"> <td style="padding-left: 15px; font-weight: bold; text-align: left"><span id="xdx_8B6_z521UozQ9Fp2" style="display: none">Schedule of fair value hierarchy</span></td> <td style="text-align: center"> </td> <td id="xdx_49B_20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zp7VcLsX9H59" style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td id="xdx_49F_20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zGwYjFbM0c6h" style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td id="xdx_498_20251231_ztE15VCPxC59" style="color: red; text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_49A_20241231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zZ5qXPOVWlm4" style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_49B_20241231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zfGazhp9eQ49" style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_493_20241231_zZlRS3Ts1wv5" style="text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center; width: 39%">Consolidated</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%">12/31/2025</td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 10%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Level 1</td> <td style="border-top: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Level 2</td> <td style="border-top: Black 0.5pt solid; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Balances</td> <td style="text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Level 1</td> <td style="border-top: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Level 2</td> <td style="border-top: Black 0.5pt solid; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Balances</td></tr> <tr id="xdx_40F_eifrs-full--AssetsAbstract_iB_z56XiyXhFjpd" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; text-align: left">Assets</td> <td style="text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr id="xdx_40E_eifrs-full--CurrentAssetsAbstract_iB_zFCxqUYgVjR5" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current</td> <td style="text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="color: red; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr id="xdx_403_ecustom--CurrentFinancialInvestment_iI_pn3n3_z6UIZpAwX6yi" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Financial investments</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">372,397</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">372,397</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">860,591</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">860,591</td></tr> <tr id="xdx_401_ecustom--CurrentTradeReceivablesNet_iI_pn3n3_zO8JLJyBBWRl" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trade receivables, net</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">66,464</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">66,464</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">181,262</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">181,262</td></tr> <tr id="xdx_407_ecustom--CurrentDerivativeFinancialInstrument_iI_pn3n3_zml7nCpbdOKl" style="background-color: rgb(220,230,241)"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative transactions</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">494</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">494</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">152,967</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">152,967</td></tr> <tr id="xdx_409_ecustom--CurrentTradingSecurities_iI_pn3n3_zZ83w0NkH4E3" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Trading securities</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">2,598</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">2,598</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">2,947</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">2,947</td></tr> <tr id="xdx_408_ecustom--Asset_iI_pn3n3_zeRGTwlZ2477" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Total Assets</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">441,459</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; vertical-align: bottom; text-align: right">494</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">441,953</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 1,044,800</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">152,967</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right"> 1,197,767</td></tr> <tr id="xdx_404_eifrs-full--LiabilitiesAbstract_iB_zJXpooih6eac" style="background-color: White"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Liabilities</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_404_eifrs-full--CurrentLiabilitiesAbstract_iB_zUPNNU0iAR27" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; vertical-align: middle; text-align: left">Current</td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="color: red; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40C_ecustom--CurrentDerivativeFinancialInstruments1_iI_pn3n3_zfry5IGOvdlc" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative financial instruments</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">67,304</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">67,304</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40E_eifrs-full--NoncurrentLiabilitiesAbstract_iB_zvSQB0YhPQka" style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; vertical-align: middle; text-align: left">Non-current</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_409_ecustom--NonCurrentDerivativeFinancialInstruments_iI_pn3n3_zgKNaTo1VF15" style="background-color: White"> <td style="padding-left: 30px; vertical-align: bottom; text-align: left">Derivative transactions</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">153,507</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">153,507</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">157,857</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">157,857</td></tr> <tr id="xdx_406_ecustom--Liability_iI_pn3n3_zaoc0ugZ8Y3i" style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: middle; text-align: left">Total Liabilities</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">220,811</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">220,811</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">157,857</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right">157,857</td></tr> </table> 372397000 372397000 860591000 860591000 66464000 66464000 181262000 181262000 494000 494000 152967000 152967000 2598000 2598000 2947000 2947000 441459000 494000 441953000 1044800000 152967000 1197767000 67304000 67304000 153507000 153507000 157857000 157857000 220811000 220811000 157857000 157857000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfForeignExchangeExposureTableTextBlock_pn3n3_z48vPVmDWiy7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 2)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BA_ztEX9T17oCs3" style="display: none">Schedule of net exposure</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-size: 12pt; font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 67%">Foreign Exchange Exposure</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 16%">(Amounts in US$’000)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 15%">(Amounts in US$’000)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Cash and cash equivalents overseas</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z6PIQCRzawM6" style="text-align: right" title="Net foreign exchange exposure"> 895,337</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8St56ke01vg" style="text-align: right" title="Net foreign exchange exposure"> 1,951,025</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Trade receivables</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zRJd4foLIKRk" style="text-align: right" title="Net foreign exchange exposure"> 212,372</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_za2gVsrtUAIe" style="text-align: right" title="Net foreign exchange exposure"> 58,296</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Financial investments</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGgGe1AYUZoh" style="text-align: right" title="Net foreign exchange exposure"> 388,705</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zzbuezGDOUyg" style="text-align: right" title="Net foreign exchange exposure">270,038</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Borrowings and financing </td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z3bKMuMZTlS" style="text-align: right" title="Net foreign exchange exposure">(6,002,208)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zVEVPOgehDMj" style="text-align: right" title="Net foreign exchange exposure">(5,983,492)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Trade payables</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zfwT3D1Lk6Ml" style="text-align: right" title="Net foreign exchange exposure">(248,790)</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z9u6sTxiOb1b" style="text-align: right" title="Net foreign exchange exposure">(284,843)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Others</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--OthersMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zruqISfV5vJ1" style="border-bottom: Black 0.5pt solid; text-align: right" title="Net foreign exchange exposure">(14,528)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--OthersMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zF3C9IwV4psh" style="border-bottom: Black 0.5pt solid; text-align: right" title="Net foreign exchange exposure">(37,185)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: top">Natural Gross Foreign Exchange Exposure (assets - liabilities)</td> <td style="vertical-align: bottom; text-align: left"> </td> <td id="xdx_98B_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--GrossMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zRizVxpAEXt4" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Net foreign exchange exposure">(4,769,112)</td> <td style="vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--GrossMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z19OmC3noecc" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Net foreign exchange exposure">(4,026,161)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Derivative transactions <span style="font: normal 400 8pt HELVETICA LIGHT">^(*)</span></td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zN8cdYIKXfy" style="text-align: right" title="Net foreign exchange exposure"> 4,396,413</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zaBRxztebNu3" style="text-align: right" title="Net foreign exchange exposure"> 5,098,257</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: top">Net foreign exchange exposure</td> <td style="vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zXmyciZf0wr9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Net foreign exchange exposure">(372,699)</td> <td style="vertical-align: bottom; text-align: left"> </td> <td id="xdx_984_ecustom--NetForeignExchangeExposure_iNI_pn3n3_di_uUSD_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z334z4W5Lxo5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Net foreign exchange exposure"> 1,072,096</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Total notional value of derivative and non-derivative financial instruments used for exchange risk management.</td></tr> </table> -895337000 -1951025000 -212372000 -58296000 -388705000 -270038000 6002208000 5983492000 248790000 284843000 14528000 37185000 4769112000 4026161000 -4396413000 -5098257000 372699000 -1072096000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfCurrenciesUsedInSensitivityAnalysisTableTextBlock_pn3n3_z0RKsKZoWg9c" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 3)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"><span id="xdx_8B0_ze5a8xXicfDd" style="display: none">Schedule of  sensitivity analysis</span></td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; width: 9%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%">12/31/2025</td> <td style="width: 1%"> </td> <td style="width: 13%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 8%">12/31/2024</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle">Currency</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Exchange rate</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Probable scenario</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">Scenario 1</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">Scenario 2</td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Exchange rate</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Probable scenario</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle">Scenario 1</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">Scenario 2</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>USD</td> <td> </td> <td id="xdx_981_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zUJ9AUaWUBA4" style="text-align: right" title="Exchange rate"> 5.5024</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zwJMHLUBEfDg" style="text-align: right" title="Exchange rate">5.2006</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2ismB1qAsl9" style="text-align: right" title="Exchange rate">5.7964</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zlRUWi45a34f" style="text-align: right" title="Exchange rate">5.0436</td> <td> </td> <td id="xdx_988_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z7GF3T4TEOA5" style="text-align: right" title="Exchange rate">6.1923</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2Ewy56jKV74" style="text-align: right" title="Exchange rate">5.7779</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKbq0J33G6Fk" style="text-align: right" title="Exchange rate">6.2560</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--ClosingForeignExchangeRate_iI_pip0_uPure_c20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zE9zGEnwMzei" style="text-align: right" title="Exchange rate">5.0799</td></tr> </table> 5.5024 5.2006 5.7964 5.0436 6.1923 5.7779 6.2560 5.0799 <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock_zc0AuwGPZ5L8" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 4)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BB_znZpg0wbcFNa" style="display: none">Schedule of effects on scenarios 1 and 2</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 32%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 15%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 13%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 13%">12/31/2025</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Instruments</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Notional amount</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Risk</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Probable scenario (*)<br/> R$</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 1 R$</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 2 R$</td></tr> <tr style="vertical-align: bottom"> <td>Cash and cash equivalents overseas</td> <td> </td> <td id="xdx_98C_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z7KeS6QM7Kbk" style="text-align: right" title="Notional amount">895,337</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_906_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z0TYINbknglj" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_981_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zTDiskmfU8vk" style="text-align: right" title="Impact on profit or loss">(270,213)</td> <td> </td> <td id="xdx_98B_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zo2zuntE8Ie1" style="text-align: right" title="Impact on profit or loss"> 263,229</td> <td> </td> <td id="xdx_98A_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_ztQz0B8oUxV5" style="text-align: right" title="Impact on profit or loss">(410,781)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Trade receivables</td> <td> </td> <td id="xdx_98C_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zO0wKQh0SL3" style="text-align: right" title="Notional amount">212,372</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zPpKyXLYzvSh" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zzw1aeNYFYRb" style="text-align: right" title="Impact on profit or loss">(64,094)</td> <td> </td> <td id="xdx_98F_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zO25alpkZeH7" style="text-align: right" title="Impact on profit or loss"> 62,437</td> <td> </td> <td id="xdx_98A_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zhdWX8eMDnTi" style="text-align: right" title="Impact on profit or loss"> (97,436)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Financial investments</td> <td> </td> <td id="xdx_986_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zhmtK1LvHfH9" style="text-align: right" title="Notional amount">388,705</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_903_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zEKONFWkhkz2" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_98B_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zPuMxxDp8XXc" style="text-align: right" title="Impact on profit or loss">(117,311)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_z54npFOf4OJh" style="text-align: right" title="Impact on profit or loss"> 114,279</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zctEnYrmEty5" style="text-align: right" title="Impact on profit or loss">(178,338)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Borrowings and financing </td> <td> </td> <td id="xdx_98E_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ziNzrI8PE4X7" style="text-align: right" title="Notional amount"> (6,002,208)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90A_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zmaX0RGt8Ka1" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_98E_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zK1py4Eti7H5" style="text-align: right" title="Impact on profit or loss"> 1,811,466</td> <td> </td> <td id="xdx_98B_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zlGWZ1fzuSC5" style="text-align: right" title="Impact on profit or loss"> (1,764,649)</td> <td> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_z99tzqd8gaj8" style="text-align: right" title="Impact on profit or loss">2,753,813</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Trade payables</td> <td> </td> <td id="xdx_98F_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zH2Xwkg0Hzh" style="text-align: right" title="Notional amount"> (248,790)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_902_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zgajS6LVP566" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_98E_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zZ2xQJXJay7" style="text-align: right" title="Impact on profit or loss"> 75,085</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_z1jrV57kTwRi" style="text-align: right" title="Impact on profit or loss">(73,144)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_ztqM3Cz5YZc5" style="text-align: right" title="Impact on profit or loss"> 114,145</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Others</td> <td> </td> <td id="xdx_981_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zL8eCdUWoPBh" style="text-align: right" title="Notional amount"> (14,528)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zs3rowwW2aed" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_988_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zEXsMErBGOd9" style="text-align: right" title="Impact on profit or loss"> 4,385</td> <td> </td> <td id="xdx_98A_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zMaYBlHs0Jt" style="text-align: right" title="Impact on profit or loss">(4,271)</td> <td> </td> <td id="xdx_981_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zAqaT24bmMZj" style="text-align: right" title="Impact on profit or loss">6,665</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Derivative financial instruments</td> <td> </td> <td id="xdx_989_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zluoQAdwJum8" style="text-align: right" title="Notional amount">4,396,413</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_909_ecustom--CurrencyRisk_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWa0URv47cZ1" title="Risk">Dollar</span></td> <td> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zqMtBT8fQM0b" style="text-align: right" title="Impact on profit or loss">(1,326,838)</td> <td> </td> <td id="xdx_981_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zMy8apNfpBaj" style="text-align: right" title="Impact on profit or loss">1,292,545</td> <td> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zecegLakMAm3" style="text-align: right" title="Impact on profit or loss"> (2,017,074)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Impact on profit or loss</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td id="xdx_989_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zQCcg7YO5Jce" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss"> 112,480</td> <td style="font-weight: bold"> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zF80H7lvh0ql" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss">(109,574)</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zEgxnyOuyDNk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss"> 170,994</td></tr> </table> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify"></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">The probable scenarios were calculated considering the following variations for the risks: Real x Dollar - Valuation of the real by 5.48%. Source: Central Bank of Brazil on February 20, 2026.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: right; width: 33%"> </td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 15%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 12%">12/31/2024</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Instruments</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Notional amount</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Risk</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Probable scenario (*) R$</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 1 R$</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 2 R$</td></tr> <tr style="vertical-align: bottom"> <td>Cash and cash equivalents overseas</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zZB7fqQct9fi" style="text-align: right" title="Notional amount">  1,951,025</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQgnT3zl4DNi" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zyPoAFsp6Lb9" style="text-align: right" title="Impact on profit or loss">  (139,931)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zzq6hsNXNeqd" style="text-align: right" title="Impact on profit or loss">19,862</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--CashAndCashEquivalentsOverseasMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zGrirP0YHG83" style="text-align: right" title="Impact on profit or loss">  (427,219)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Trade receivables</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2son6WB2jka" style="text-align: right" title="Notional amount"> 58,296</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90C_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zOYT41B6etDl" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_z29RSRp8BEjf" style="text-align: right" title="Impact on profit or loss">(4,181)</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_z7zvHkZOFP8e" style="text-align: right" title="Impact on profit or loss">  593</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zsPnR9igPuN4" style="text-align: right" title="Impact on profit or loss"> (12,765)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Financial investments</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGoAovbySGRe" style="text-align: right" title="Notional amount">  270,038</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_902_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ziHoo23zkWU6" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_z31Xt3tTOWei" style="text-align: right" title="Impact on profit or loss"> (19,368)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zbckhyWjvScf" style="text-align: right" title="Impact on profit or loss">  2,749</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--FinancialInvestmentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_z8kibaVQEQch" style="text-align: right" title="Impact on profit or loss"> (59,131)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Borrowings and financing </td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zeSZR1K1CQF6" style="text-align: right" title="Notional amount">(5,983,492)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_906_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2aXb0gUAwic" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_z0mXeWF1G6wd" style="text-align: right" title="Impact on profit or loss">429,145</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zlXg2yUl2z39" style="text-align: right" title="Impact on profit or loss"> (60,913)</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--BorrowingsAndFinancingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zyBWV0Ob16Xg" style="text-align: right" title="Impact on profit or loss"> 1,310,215</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Trade payables</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z9ujgvob7eQ3" style="text-align: right" title="Notional amount">(284,843)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_90B_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWSKryofASq8" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zdvLGeOSfeMe" style="text-align: right" title="Impact on profit or loss">  20,429</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zOWDicUwGxGl" style="text-align: right" title="Impact on profit or loss">(2,900)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--TradePayablesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_z5BTa5VxoZDe" style="text-align: right" title="Impact on profit or loss">62,373</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Others</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z3YNIey1SdB9" style="text-align: right" title="Notional amount">  (37,185)</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_909_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zI7t4R6cH8Ta" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zNh9wdO37XPd" style="text-align: right" title="Impact on profit or loss"> 2,667</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zMW8Q7iUKG4l" style="text-align: right" title="Impact on profit or loss">(379)</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zuVZV00Kk0Xe" style="text-align: right" title="Impact on profit or loss">  8,142</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Derivative financial instruments</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--NotionalAmounts_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCnVNa7aXCXe" style="text-align: right" title="Notional amount">  5,098,257</td> <td style="text-align: right"> </td> <td style="text-align: center"><span id="xdx_901_ecustom--CurrencyRisk_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKMtXeGOVCxk" title="Risk">Dollar</span></td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zThCG4SNXroh" style="text-align: right" title="Impact on profit or loss">  (365,655)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zeRuRovPkeCf" style="text-align: right" title="Impact on profit or loss">51,902</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialInstrumentsMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_z7vWsmGD1ERf" style="text-align: right" title="Impact on profit or loss">  (1,116,374)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Impact on profit or loss</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember_zOFqkobNtrb8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss"> (76,894)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember_zgmVehSXRxO8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss">10,914</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_ecustom--GainsLossesOnIneffectivenessOfCashFlowHedgeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember_zYEr4oewSYBj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on profit or loss">  (234,759)</td></tr> </table> 895337000 Dollar -270213000 263229000 -410781000 212372000 Dollar -64094000 62437000 -97436000 388705000 Dollar -117311000 114279000 -178338000 -6002208000 Dollar 1811466000 -1764649000 2753813000 -248790000 Dollar 75085000 -73144000 114145000 -14528000 Dollar 4385000 -4271000 6665000 4396413000 Dollar -1326838000 1292545000 -2017074000 112480000 -109574000 170994000 1951025000 Dollar -139931000 19862000 -427219000 58296000 Dollar -4181000 593000 -12765000 270038000 Dollar -19368000 2749000 -59131000 -5983492000 Dollar 429145000 -60913000 1310215000 -284843000 Dollar 20429000 -2900000 62373000 -37185000 Dollar 2667000 -379000 8142000 5098257000 Dollar -365655000 51902000 -1116374000 -76894000 10914000 -234759000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfSensitivityAnalysisOfInterestRateSwapsTableTextBlock_pn3n3_zEGVoIVbcknj" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 5)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B2_zBJ4ZhfRdTOb" style="display: none">Schedule of changes in interest rates</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; width: 14%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 12%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 14%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 17%">Consolidated</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 11%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 12%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 14%">Consolidated</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold">Interest</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Probable scenario</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 1</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 2</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Probable scenario</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Scenario 1</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Scenario 2</td></tr> <tr style="vertical-align: bottom"> <td>CDI</td> <td> </td> <td style="text-align: right"><span id="xdx_904_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zEWREEKiy71f" title="Interest rate (in percent)">14.90</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zfOoxHiqa9W7" title="Interest rate (in percent)">17.69</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90B_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zG5A9PCo93Sl" title="Interest rate (in percent)">12.97</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zkjOo0dNqZU1" title="Interest rate (in percent)">12.15</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_903_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zsgtQXv3eEgk" title="Interest rate (in percent)">13.72</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_900_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zGZWlCkSXa68" title="Interest rate (in percent)">10.56</span>%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>TJLP</td> <td> </td> <td style="text-align: right"><span id="xdx_900_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zVmgqs1T5Xlk" title="Interest rate (in percent)">9.07</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_901_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zCIS1meY8iEf" title="Interest rate (in percent)">9.22</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90B_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z6tncvCJtNF1" title="Interest rate (in percent)">6.18</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_908_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zEGlwTbE03C7" title="Interest rate (in percent)">7.43</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_906_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zwKLxGGFw8m2" title="Interest rate (in percent)">8.11</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zYForTGEjob3" title="Interest rate (in percent)">6.72</span>%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>IPCA</td> <td> </td> <td style="text-align: right"><span id="xdx_909_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zFbEbADwh0Ai" title="Interest rate (in percent)">4.26</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_906_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zBdTclhZwJD2" title="Interest rate (in percent)">4.76</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_902_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zEQQWKi9B2va" title="Interest rate (in percent)">3.96</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90B_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z1yd7M8T4plc" title="Interest rate (in percent)">4.83</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zvHTML0EWrii" title="Interest rate (in percent)">5.60</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zZOHSXPCRaT9" title="Interest rate (in percent)">4.27</span>%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>SOFR 6M</td> <td> </td> <td style="text-align: right"><span id="xdx_906_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zb0PEBbYZ9O8" title="Interest rate (in percent)">3.57</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_904_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zo3GnycTHrZ2" title="Interest rate (in percent)">4.70</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_901_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z9jXRsAbE2M8" title="Interest rate (in percent)">3.26</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_903_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zYQqAJynu20c" title="Interest rate (in percent)">4.25</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_902_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z1EaMIQSMNba" title="Interest rate (in percent)">5.31</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_900_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zguOicQX1Mki" title="Interest rate (in percent)">0.51</span>%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>SOFR</td> <td> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zgULnDhOsn83" title="Interest rate (in percent)">3.87</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_901_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zQiVaRLgR9kf" title="Interest rate (in percent)">5.54</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z7JrAZVZCrAk" title="Interest rate (in percent)">3.64</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_906_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_ziGGx4hJsiV6" title="Interest rate (in percent)">4.49</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zv6DKxe9yFv" title="Interest rate (in percent)">5.28</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zMiyvoTUXA2f" title="Interest rate (in percent)">0.30</span>%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>EURIBOR 3M</td> <td> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zgUxC5uF2vgf" title="Interest rate (in percent)">2.03</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_904_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zmXhTznivJi8" title="Interest rate (in percent)">4.31</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_908_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zWUjAKatIuAj" title="Interest rate (in percent)">1.95</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_905_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zbHFONgZOJah" title="Interest rate (in percent)">2.71</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z3UXYhSdLrkc" title="Interest rate (in percent)">4.22</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_907_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zTqSlef4npDj" title="Interest rate (in percent)">1.73</span>%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>EURIBOR 6M</td> <td> </td> <td style="text-align: right"><span id="xdx_904_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zZWiTzFJSJp7" title="Interest rate (in percent)">2.11</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_903_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zbfen01lF4Gi" title="Interest rate (in percent)">4.38</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_905_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zf9tWQV7rlbh" title="Interest rate (in percent)">2.02</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z9VmANdxcCTl" title="Interest rate (in percent)">2.57</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zvqCrO9seA8e" title="Interest rate (in percent)">4.19</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--SensitivityAnalysisInterestRate_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_ziWwUXDXhGa5" title="Interest rate (in percent)">2.27</span>%</td></tr> </table> 0.1490 0.1769 0.1297 0.1215 0.1372 0.1056 0.0907 0.0922 0.0618 0.0743 0.0811 0.0672 0.0426 0.0476 0.0396 0.0483 0.0560 0.0427 0.0357 0.0470 0.0326 0.0425 0.0531 0.0051 0.0387 0.0554 0.0364 0.0449 0.0528 0.0030 0.0203 0.0431 0.0195 0.0271 0.0422 0.0173 0.0211 0.0438 0.0202 0.0257 0.0419 0.0227 <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfSensitivityAnalysisOfInterestRateSwapsTableTextBlock1_zsYslJdZIGQ1" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 6)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B2_zxMbGTGSqIph" style="display: none">Schedule of effects on profit and loss</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td style="font-size: 10pt; vertical-align: bottom"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; text-align: right; font-size: 10pt; vertical-align: bottom"><b>Impact on balances on 12/31/2025</b></td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: left; width: 15%">Changes in interest rates</td> <td style="vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%">% p.a</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 12%">Assets</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 13%">Liabilities</td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 21%">Probable scenario (*)</td> <td style="font-size: 10pt; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">Scenario 1</td> <td style="border-top: Black 0.5pt solid; font-size: 10pt; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">Scenario 2</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">CDI</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90B_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zuwjZXT7rAka" title="Interest">14.90</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_982_eifrs-full--FinancialAssets_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_znT9EbGzCO54" style="vertical-align: middle; text-align: right" title="Assets">5,509,312</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--FinancialLiabilities_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zL2NssPxzGjg" style="vertical-align: middle; text-align: right" title="Liabilities"> (16,397,776)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_z44QG9LVCnK9" style="vertical-align: middle; text-align: right" title="Liabilities">(1,622,381)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zX42iQO12192" style="vertical-align: middle; text-align: right" title="Liabilities"> (1,926,578)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zI44uAsIimac" style="vertical-align: middle; text-align: right" title="Liabilities">(1,412,668)</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">TJLP</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_906_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z1m5lJENqf6g" title="Interest">9.07</span>%</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zt6R7suLLPnk" style="vertical-align: bottom; text-align: right" title="Liabilities"> (824,228)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zjlaIgnm98b6" style="vertical-align: middle; text-align: right" title="Liabilities">(74,757)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z2aPuCZ2HXF5" style="vertical-align: middle; text-align: right" title="Liabilities">(75,994)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zwxUWMEjykg6" style="vertical-align: middle; text-align: right" title="Liabilities"> (50,901)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">IPCA</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_909_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zJ23GLvZSO48" title="Interest">4.26</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z23aS45UJvgh" style="vertical-align: middle; text-align: right" title="Liabilities">(1,286,852)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zXch7Q3K5OMc" style="vertical-align: middle; text-align: right" title="Liabilities">(54,820)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zfpMZEABLEpc" style="vertical-align: middle; text-align: right" title="Liabilities">(61,224)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z8Dk4TzQWz98" style="vertical-align: middle; text-align: right" title="Liabilities"> (50,899)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">SOFR 6M</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_906_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zSxAMGdXHlsl" title="Interest">3.57</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zYhgaQzBTMkf" style="vertical-align: middle; text-align: right" title="Liabilities">(5,059,304)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zg2lEnOIx372" style="vertical-align: middle; text-align: right" title="Liabilities"> (180,829)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z87K598KWDZg" style="vertical-align: middle; text-align: right" title="Liabilities">(237,992)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z9GaV4UBRire" style="vertical-align: middle; text-align: right" title="Liabilities"> (165,118)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">SOFR</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zBdwp6BCPEW7" title="Interest">3.87</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zbVB4NgiCA9d" style="vertical-align: middle; text-align: right" title="Liabilities"> (472,461)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zaLkBculcZL1" style="vertical-align: middle; text-align: right" title="Liabilities">(18,284)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_znmw2dmMKucf" style="vertical-align: middle; text-align: right" title="Liabilities">(26,170)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zW6BhQ14MUg1" style="vertical-align: middle; text-align: right" title="Liabilities"> (17,192)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">EURIBOR 3M</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_909_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zoI5pasxfc3f" title="Interest">2.03</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zl7bUP32IvY9" style="vertical-align: middle; text-align: right" title="Liabilities"> (849,153)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zjhPhAcC3ZI7" style="vertical-align: middle; text-align: right" title="Liabilities">(17,255)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z1SW1vemepa2" style="vertical-align: middle; text-align: right" title="Liabilities">(36,571)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z2wi1CYPvf5j" style="vertical-align: middle; text-align: right" title="Liabilities"> (16,517)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">EURIBOR 6M</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90F_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z9aUcTy1NC8d" title="Interest">2.11</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zsjWt0vibfZ2" style="vertical-align: middle; text-align: right" title="Liabilities"> (22,592)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zlb2HEY7cbUb" style="vertical-align: middle; text-align: right" title="Liabilities"> (476)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_ztUiOyVBCTGf" style="vertical-align: middle; text-align: right" title="Liabilities">(989)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zPflbfDaTKlj" style="vertical-align: middle; text-align: right" title="Liabilities"> (456)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="3" style="font-weight: bold">Impact on profit or loss</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td id="xdx_98B_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_fKCop_zR6QUZjL5FT7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Liabilities">(1,968,802)</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zx7yL5gnz4qk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Liabilities"> (2,365,518)</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zY05XcoArQn9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Liabilities">(1,713,751)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">The sensitivity analysis is based on the premise of maintaining as a probable scenario the market values as of December 31, 2025 recorded in the Company's assets and liabilities.</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; font-size: 10pt; vertical-align: bottom; text-align: right"><b>Impact on balances on 12/31/2024</b></td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: left; width: 15%">Changes in interest rates</td> <td style="vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%">% p.a</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 12%">Assets</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 13%">Liabilities</td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; width: 21%">Probable scenario (*)<br/></td> <td style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">Scenario 1</td> <td style="border-top: Black 0.5pt solid; font-size: 10pt; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">Scenario 2</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">CDI</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_908_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zghM7arvqNQa" title="Interest">12.15</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--FinancialAssets_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zWgvP67UEEGk" style="vertical-align: middle; text-align: right" title="Assets">  9,268,751</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z5dsjY4pXC4h" style="vertical-align: middle; text-align: right" title="Liabilities">(11,116,328)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zpW2iVmj3IW2" style="vertical-align: middle; text-align: right" title="Liabilities"> (224,481)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zax4SEJ4n2r3" style="vertical-align: middle; text-align: right" title="Liabilities">  (253,426)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--CDIMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_ziRtotTPduG8" style="vertical-align: middle; text-align: right" title="Liabilities">  (195,057)</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">TJLP</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90E_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zGnqQZIh7Uud" title="Interest">7.43</span>%</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zarrwe2zFnAb" style="vertical-align: bottom; text-align: right" title="Liabilities">  (775,705)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zPHYpj832bia" style="vertical-align: middle; text-align: right" title="Liabilities">(57,635)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zoNsrjW1eBfe" style="vertical-align: middle; text-align: right" title="Liabilities"> (62,871)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--TJLPMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zeGLPgxBk2dk" style="vertical-align: middle; text-align: right" title="Liabilities"> (52,115)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">IPCA</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90E_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zklSiX4zEuI" title="Interest">4.83</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zqPKXrLF9Hj6" style="vertical-align: middle; text-align: right" title="Liabilities"> (18,703)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z03STwGejpB" style="vertical-align: middle; text-align: right" title="Liabilities">  (903)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zOCTFgEjnij9" style="vertical-align: middle; text-align: right" title="Liabilities">(1,047)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--IPCAMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zDEnw71EsWec" style="vertical-align: middle; text-align: right" title="Liabilities">(799)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">SOFR 6M</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90E_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zlme1zo9QnE1" title="Interest">4.25</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zviU8rxyPZR5" style="vertical-align: middle; text-align: right" title="Liabilities">  (4,411,472)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zhKShyflfw3i" style="vertical-align: middle; text-align: right" title="Liabilities"> (187,488)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zW63WRVEQYFc" style="vertical-align: middle; text-align: right" title="Liabilities">  (234,120)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_z328LroLLCp5" style="vertical-align: middle; text-align: right" title="Liabilities"> (22,423)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">SOFR</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zjG9cuQQr2Lc" title="Interest">4.49</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zi9FqsbFNYu8" style="vertical-align: middle; text-align: right" title="Liabilities">  (3,992,233)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zXDPPBsc94F7" style="vertical-align: middle; text-align: right" title="Liabilities"> (179,251)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zuEV6ETxl9Hh" style="vertical-align: middle; text-align: right" title="Liabilities">  (210,660)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--SOFRMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zKJA2kqnLaDc" style="vertical-align: middle; text-align: right" title="Liabilities"> (12,141)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle">EURIBOR 3M</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90C_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zDjMRarfXVLj" title="Interest">2.71</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zzjYJXfbu2r6" style="vertical-align: middle; text-align: right" title="Liabilities">  (289,634)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_987_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zXRb2FqbK7k2" style="vertical-align: middle; text-align: right" title="Liabilities">  (7,861)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zdFiABdfhjoh" style="vertical-align: middle; text-align: right" title="Liabilities"> (12,214)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR3MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zTixkXXC8cn9" style="vertical-align: middle; text-align: right" title="Liabilities">(5,017)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle">EURIBOR 6M</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_908_ecustom--InterestRatesDuringTheYear_iI_pip0_dp_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zhosC8W8zzh3" title="Interest">2.57</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zYbs6xZBUJJ5" style="vertical-align: middle; text-align: right" title="Liabilities"> (19,550)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zykBZhDOKbR8" style="vertical-align: middle; text-align: right" title="Liabilities">  (502)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zlcZYrVagfx1" style="vertical-align: middle; text-align: right" title="Liabilities">(819)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__custom--VariableInterestRateAxis__custom--EURIBOR6MMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zNkbj1XOHnMg" style="vertical-align: middle; text-align: right" title="Liabilities">(445)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td id="xdx_980_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__ifrs-full--ProbabilityOfDefaultAxis__custom--ProbableScenarioMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zrXW7fHGGWta" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, Helvetica, Sans-Serif; text-align: right" title="Liabilities"> (658,121)</td> <td style="font-family: Arial, Helvetica, Sans-Serif; text-align: right"> </td> <td id="xdx_982_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zKciZZNPCYz5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, Helvetica, Sans-Serif; text-align: right" title="Liabilities">  (775,157)</td> <td style="font-family: Arial, Helvetica, Sans-Serif; text-align: right"> </td> <td id="xdx_986_eifrs-full--FinancialLiabilities_iI_pn3n3_c20241231__ifrs-full--ProbabilityOfDefaultAxis__custom--ScenarioIIMember__ifrs-full--TypesOfRisksAxis__ifrs-full--InterestRateRiskMember_zTIjH0ywh6z3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, Helvetica, Sans-Serif; text-align: right" title="Liabilities">  (287,997)</td></tr> </table> 0.1490 5509312000 -16397776000 -1622381000 -1926578000 -1412668000 0.0907 -824228000 -74757000 -75994000 -50901000 0.0426 -1286852000 -54820000 -61224000 -50899000 0.0357 -5059304000 -180829000 -237992000 -165118000 0.0387 -472461000 -18284000 -26170000 -17192000 0.0203 -849153000 -17255000 -36571000 -16517000 0.0211 -22592000 -476000 -989000 -456000 -1968802000 -2365518000 -1713751000 0.1215 9268751000 -11116328000 -224481000 -253426000 -195057000 0.0743 -775705000 -57635000 -62871000 -52115000 0.0483 -18703000 -903000 -1047000 -799000 0.0425 -4411472000 -187488000 -234120000 -22423000 0.0449 -3992233000 -179251000 -210660000 -12141000 0.0271 -289634000 -7861000 -12214000 -5017000 0.0257 -19550000 -502000 -819000 -445000 -658121000 -775157000 -287997000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfDollarEuroSwapTableTextBlock_zf4NzDDrwiTi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 7)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><span id="xdx_8B3_zAW00EnmYeo" style="display: none">Schedule of derivative instrument</span></td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: right; width: 17%"> </td> <td style="text-align: right; width: 1%"> </td> <td style="text-align: right; width: 5%"> </td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; width: 7%"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">12/31/2025</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 7%">12/31/2025</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 7%">12/31/2024</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%">12/31/2025</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 6%">12/31/2024</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 7%">12/31/2025</td> <td style="text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 6%">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Appreciation (R$) </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Fair value (market) </td> <td style="text-align: right"> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Other operating income expenses</td> <td style="text-align: right"> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Other comprehensive income</td> <td style="font-weight: bold; text-align: right"> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Financial income and expenses (note 30)</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Maturity </td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Notional</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt"> Asset position </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt"> Liability position </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Amounts receivable / (payable) </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">01/01/2024 to 06/30/2024 (Settled)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_ecustom--OtherOperatingIncomeExpenses_pn3n3_c20240101__20241231__ifrs-full--MaturityAxis__custom--SettledDate1Member_zn0XDXan8bzl" style="vertical-align: bottom; text-align: right" title="Other income and expenses"> 452,906</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20240101__20241231__ifrs-full--MaturityAxis__custom--SettledDate1Member_zQXXjWL7IQS7" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> 19,446</td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">03/01/2025 to 11/30/2025 (Settled)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate2Member_zhU1gpFGTqa1" style="vertical-align: bottom; text-align: right" title="Other income and expenses">93,419</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate2Member_zN4vK4H2exL" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> (180)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">12/01/2025 to 12/31/2025 <span style="font: normal 400 8pt Arial, sans-serif">⁽¹⁾</span></td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--AssetPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate3Member_zlj8QrIhFQig" style="vertical-align: bottom; text-align: right" title="Asset position">1,800,454</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--LiabilityPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate3Member_zTXqOxzDnSp1" style="vertical-align: bottom; text-align: right" title="Liability position">(1,837,234)</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate3Member_zP9D05DhOay1" style="vertical-align: bottom; text-align: right" title="Amounts receivable (payable)">(36,780)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--OtherOperatingIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate3Member_zPLoy9V57S0g" style="vertical-align: bottom; text-align: right" title="Other income and expenses"> (36,162)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate3Member_zgT7NpJVJiDj" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> (618)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">01/01/2026 to 01/31/2026</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--AssetPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate4Member_zpr3AvuGIiMc" style="vertical-align: bottom; text-align: right" title="Asset position">1,181,900</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--LiabilityPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate4Member_zAivfyMwh1Ma" style="vertical-align: bottom; text-align: right" title="Liability position">(1,203,692)</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate4Member_zWdidfJIscnd" style="vertical-align: bottom; text-align: right" title="Amounts receivable (payable)">(21,792)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_ecustom--OtherComprehensiveIncomes_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate4Member_zmqioHR9shSk" style="vertical-align: bottom; text-align: right" title="Other comprehensive income">(21,361)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate4Member_zrbJgQQGQAR2" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> (431)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">02/01/2026 to 02/28/2026</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--AssetPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate5Member_zuQD0OJyN324" style="vertical-align: bottom; text-align: right" title="Asset position"> 529,067</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--LiabilityPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate5Member_zUi8vljr97L9" style="vertical-align: bottom; text-align: right" title="Liability position"> (536,151)</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate5Member_zANB5nNGn36e" style="vertical-align: bottom; text-align: right" title="Amounts receivable (payable)">(7,084)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--OtherComprehensiveIncomes_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate5Member_z9uSi41lPbK3" style="vertical-align: bottom; text-align: right" title="Other comprehensive income">(6,961)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate5Member_zUvEppJ4dfac" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> (123)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">03/01/2026 to 03/31/2026</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_989_ecustom--AssetPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate6Member_z7mEIBt6h8q" style="vertical-align: bottom; text-align: right" title="Asset position"> 229,249</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--LiabilityPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate6Member_zs1RNODsZubi" style="vertical-align: bottom; text-align: right" title="Liability position"> (230,947)</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate6Member_zMvkK0UFjNfj" style="vertical-align: bottom; text-align: right" title="Amounts receivable (payable)">(1,698)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_ecustom--OtherComprehensiveIncomes_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate6Member_zUP0vKuRt024" style="vertical-align: bottom; text-align: right" title="Other comprehensive income">(1,705)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate6Member_zSl4YK2ajTNe" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)"> 7</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">04/01/2026 to 04/30/2026</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom"> Platts </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--AssetPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate7Member_zgi4aYIfQzAf" style="vertical-align: bottom; text-align: right" title="Asset position"> 28,791</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--LiabilityPosition_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate7Member_zHnEFjDyYTH3" style="vertical-align: bottom; text-align: right" title="Liability position"> (28,741)</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_983_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate7Member_zOPkT3USgZa6" style="vertical-align: bottom; text-align: right" title="Amounts receivable (payable)">50</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_ecustom--OtherComprehensiveIncomes_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate7Member_zCfQsvPgkCk6" style="vertical-align: bottom; text-align: right" title="Other comprehensive income"> 50</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__custom--SettledDate7Member_zc2J0jISVf0i" style="vertical-align: bottom; text-align: right" title="Impact on financial income/(expenses)">(1)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_ecustom--AssetPosition_pn3n3_c20250101__20251231_zqX45G847942" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Asset position">3,769,461</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--LiabilityPosition_pn3n3_c20250101__20251231_zFo4b050IMTf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Liability position">(3,836,765)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--AmountsReceivablePayable_pn3n3_c20250101__20251231_zxh5Gr693MMl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Amounts receivable (payable)">(67,304)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--OtherOperatingIncomeExpenses_pn3n3_c20250101__20251231_zppRcfl8KzW8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other income and expenses">57,257</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--OtherOperatingIncomeExpenses_pn3n3_c20240101__20241231_zDhTqQoMFhoa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other income and expenses"> 452,906</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--OtherComprehensiveIncomes_pn3n3_c20250101__20251231_zXho7SYKfPx4" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other comprehensive income">(29,977)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20250101__20251231_zWHize0BpcAb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on financial income/(expenses)">(1,346)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_98F_ecustom--ImpactOnFinancialIncomeExpenses_pn3n3_c20240101__20241231_zKcQI4jwo5y" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on financial income/(expenses)"> 19,446</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 2%"><span style="font-family: Helvetica light,serif; font-size: 8pt">(1)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 8pt">This transaction matured on December 31, 2025, and was settled in early January 2026.</span></td></tr></table> 452906000 19446000 93419000 -180000 1800454000 -1837234000 -36780000 -36162000 -618000 1181900000 -1203692000 -21792000 -21361000 -431000 529067000 -536151000 -7084000 -6961000 -123000 229249000 -230947000 -1698000 -1705000 7000 28791000 -28741000 50000 50000 -1000 3769461000 -3836765000 -67304000 57257000 452906000 -29977000 -1346000 19446000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfChangesInHedgeAccountingPlattsTableTextBlock_pn3n3_zXcmrhJ5oMYi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 8)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B2_z7GTZhJdbqs5" style="display: none">Schedule of changes in cash flow hedge accounting</span></td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 51%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 13%">12/31/2024</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">Movement</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">Realization</td> <td style="border-top: Black 0.5pt solid; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">12/31/2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Cash flow hedge–“Platts”</td> <td style="text-align: right"></td> <td> </td> <td id="xdx_98A_ecustom--CashFlowHedgeAccountingPlatts_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--MovementMember_zk5QJX0Wxg6a" style="text-align: right" title="Cash flow hedge accounting - Platts"> 27,280</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--CashFlowHedgeAccountingPlatts_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--RealizationMember_zCrDWC1RXBCh" style="text-align: right" title="Cash flow hedge accounting - Platts">(57,257)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--CashFlowHedgeAccountingPlatts_pn3n3_c20250101__20251231_zvn1rEx4AfI1" style="text-align: right" title="Cash flow hedge accounting - Platts">(29,977)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> Income tax and social contribution on cash flow hedge</td> <td style="text-align: right"></td> <td> </td> <td id="xdx_988_ecustom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccounting_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--MovementMember_zlCMaD9s5tFa" style="text-align: right" title="Income tax and social contribution on cash flow hedge accounting">(9,275)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccounting_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--RealizationMember_zj0GVwcnCjs4" style="text-align: right" title="Income tax and social contribution on cash flow hedge accounting"> 19,467</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccounting_pn3n3_c20250101__20251231_zQNVxjK6ZLq4" style="text-align: right" title="Income tax and social contribution on cash flow hedge accounting"> 10,192</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Fair Value of cash flow hedge - Platts, net</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--FairValueOfCashFlowAccountingPlattsNet_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--MovementMember_zpStQ9XuhCMb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair Value of cash flow accounting - Platts, net"> 18,005</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--FairValueOfCashFlowAccountingPlattsNet_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--RealizationMember_zU7pZ2JXlXk7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair Value of cash flow accounting - Platts, net">(37,790)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--FairValueOfCashFlowAccountingPlattsNet_pn3n3_c20250101__20251231_zNgtkhMzuXIg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair Value of cash flow accounting - Platts, net">(19,785)</td></tr> </table> 27280000 -57257000 -29977000 -9275000 19467000 10192000 18005000 -37790000 -19785000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfHedgingInstrumentsTableTextBlock_zDFFOgQRJUO5" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 9)"> <tr style="vertical-align: middle"> <td style="text-align: center"><span id="xdx_8B8_zAVUkGwykTRd" style="display: none">Schedule of relations of hedge</span></td> <td style="text-align: center"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: justify"> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 19%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="text-align: center; width: 7%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 7%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%">12/31/2025</td></tr> <tr> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Designation Date</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Hedging Instrument</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Hedged item</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Type of hedged risk</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Hedged period</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Exchange rate on designation</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Designated amounts (US$’000)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Amortized part (USD'000)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Effect on Result (*) (R$'000)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Impact on Shareholders' equity (R$'000)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_90A_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zfgzsF8nNkJ1" title="Designation date">07/31/2019</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_907_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zUtwaYlHD5hi" title="Hedging instrument">Bonds and Export prepayments in US$ to third parties</span></td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: justify"><span id="xdx_90B_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGewdgU3SAH3" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td style="font-weight: bold"> </td> <td style="text-align: center"><span id="xdx_909_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zFZ97yRsRHo8" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td style="font-weight: bold"> </td> <td style="text-align: center"> <span id="xdx_909_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zFO87YeX7pC2" title="Hedged period">January 2020 - April 2026</span> </td> <td style="font-weight: bold"> </td> <td id="xdx_983_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCR0UdZvRUl1" style="text-align: right" title="Exchange rate on designation">3.7649</td> <td style="font-weight: bold"> </td> <td id="xdx_98E_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zABZtV7S2LD7" style="text-align: right" title="Designated amounts"> 1,342,761</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQa7jGc4T7n4" style="text-align: right" title="Amortized part">(965,961)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGw4zIOqzTYi" style="text-align: right" title="Effect on Result">(163,673)</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zxcapjLgKDH3" style="text-align: right" title="Impact on Shareholders' equity">(654,690)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_90B_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zJqBK90jInp7" title="Designation date">01/10/2020</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_90B_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zO9q5ZIPjeXh" title="Hedging instrument">Bonds</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_907_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zl6n1KmvFJ44" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_907_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z3Q5iGjz5Thh" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zrb9wg6aw5C5" title="Hedged period">March 2020 to November 2025 until December 2050</span> </td> <td> </td> <td id="xdx_985_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zTMgkGhQrSuk" style="text-align: right" title="Exchange rate on designation">4.0745</td> <td> </td> <td id="xdx_986_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zuAoUwGF9Iu1" style="text-align: right" title="Designated amounts"> 1,416,000</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zEEWWWXIStNe" style="text-align: right" title="Amortized part"> (1,416,000)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8fAF01w8zse" style="text-align: right" title="Effect on Result">(75,717)</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zBNSKvp8lEsk" style="text-align: right" title="Impact on Shareholders' equity"> (1,214,600)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_90D_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ziwFw3Ymlj3c" title="Designation date">01/28/2020</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_902_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zj0CKNZNPTW5" title="Hedging instrument">Bonds</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_904_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYqoLG8K8rci" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_901_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zAOZIdcXz73c" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90D_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zE2nesCxDAO4" title="Hedged period">March 2027 - January 2028</span> </td> <td> </td> <td id="xdx_988_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ze50F6UWiNHc" style="text-align: right" title="Exchange rate on designation">4.2064</td> <td> </td> <td id="xdx_987_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z6HgwXcIVR41" style="text-align: right" title="Designated amounts"> 1,000,000</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z22GsjBYu79" style="text-align: right" title="Impact on Shareholders' equity"> (1,296,000)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_909_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zJyzI4nFp4Q6" title="Designation date">06/06/2024</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_90E_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zs70ftO4cd1b" title="Hedging instrument">Advance on foreign exchange contract</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_90D_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zlPOA3qjVXF7" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_902_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zuYHvMk6psfg" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5Vpbv0pQPG8" title="Hedged period">June 2024 - February 2025</span> </td> <td> </td> <td id="xdx_982_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zfiy6pTzR0Gh" style="text-align: right" title="Exchange rate on designation">5.2700</td> <td> </td> <td id="xdx_985_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zUB6UzvMOif8" style="text-align: right" title="Designated amounts"> 30,000</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5LZKKhuf5Q3" style="text-align: right" title="Amortized part">(30,000)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zNA4S5IDawN9" style="text-align: right" title="Effect on Result">(17,961)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_90F_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z7CxLIESY6ja" title="Designation date">06/01/2022</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_906_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zSUJQ8Cl7o7d" title="Hedging instrument">Bonds and Export prepayments in US$ to third parties</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_904_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z6Rzf6QiT2ij" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_90A_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_znuvtSUIdQA" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90C_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWAKlVcVS4nj" title="Hedged period">June 2022 - April 2032</span> </td> <td> </td> <td id="xdx_988_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8bJSe4cV3Kh" style="text-align: right" title="Exchange rate on designation">4.7289</td> <td> </td> <td id="xdx_98C_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zv26vKzFY985" style="text-align: right" title="Designated amounts"> 1,145,000</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zN69pCoNURv8" style="text-align: right" title="Amortized part">(360,000)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_fKCop_zmwIBTTeBBy6" style="text-align: right" title="Effect on Result">(130,497)</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondsAndExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z9JcKxwL4UNe" style="text-align: right" title="Impact on Shareholders' equity">(607,198)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_909_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zbIh1Aowi0E5" title="Designation date">12/01/2022</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_908_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zj4QJKpmBWv3" title="Hedging instrument">Bonds</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_90F_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWW4ZkTTq5j1" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_906_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z0zooKYLGXi5" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_902_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGvpx7nZHmle" title="Hedged period">December 2022 - June 2031</span> </td> <td> </td> <td id="xdx_985_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zEX9Y8DSwYth" style="text-align: right" title="Exchange rate on designation">5.0360</td> <td> </td> <td id="xdx_983_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zij21vnmkpJ2" style="text-align: right" title="Designated amounts">490,000</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYKEaDcODlOl" style="text-align: right" title="Amortized part">(37,000)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--BondTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zOE49z3IXsXb" style="text-align: right" title="Impact on Shareholders' equity">(211,279)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_908_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z88frZJfmBek" title="Designation date">12/01/2022</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_909_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zjyHTpYmPrc3" title="Hedging instrument">Advance on foreign exchange contract</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_90F_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWCavIFAT7Ja" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_907_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGZbkFpzpeJ2" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_903_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGuCpdMndXxk" title="Hedged period">December 2022 - December 2025</span> </td> <td> </td> <td id="xdx_989_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ztLN6V1QtgRk" style="text-align: right" title="Exchange rate on designation">5.2565</td> <td> </td> <td id="xdx_982_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zNZ4sLyegBd9" style="text-align: right" title="Designated amounts">100,000</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zgTKtcD7QRbk" style="text-align: right" title="Amortized part">(100,000)</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zVevY7wr2QCi" style="text-align: right" title="Effect on Result">(24,590)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_903_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5C8yXSNnbT4" title="Designation date">05/16/2024</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_908_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zjJEpwayRVib" title="Hedging instrument">Export Prepayments in US$ with third parties, ACC and Bonds</span> </td> <td style="text-align: right"> </td> <td> <span id="xdx_900_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdnS618fQfR" title="Hedged item">Part of the highly probable future monthly iron ore exports</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_909_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zZ9HxV7xJHDj" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zg3pJQNnuby" title="Hedged period">September 2024 - March 2035</span> </td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5NjtosPppz6" style="text-align: right" title="Exchange rate on designation">5.1270</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zr8HTOj5nw32" style="text-align: right" title="Designated amounts"> 1,202,000</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYTE5tQp8Qe2" style="text-align: right" title="Amortized part">(248,400)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_fKCop_ziNzRX8maL4g" style="text-align: right" title="Effect on Result">(71,590)</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSWithThirdPartiesACCAndBondsMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_znJMQDRqoxlf" style="text-align: right" title="Impact on Shareholders' equity">(357,981)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_90B_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQz3OiOeyQob" title="Designation date">06/25/2024</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_903_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8MvyQLDSyVg" title="Hedging instrument">Advance on foreign exchange contract</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_907_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zY8cI1SLiWaj" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_902_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ztzCSIejQH93" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90A_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zr9j7nW01y79" title="Hedged period">June 2024 - February 2025</span> </td> <td> </td> <td id="xdx_984_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdzcbSrvUQs4" style="text-align: right" title="Exchange rate on designation">5.4405</td> <td> </td> <td id="xdx_988_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zuujImNJGDe5" style="text-align: right" title="Designated amounts"> 10,000</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zsiqwr2ekp79" style="text-align: right" title="Amortized part">(10,000)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--AdvanceOnForeignExchangeContractTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zNxVF8RbFYGd" style="text-align: right" title="Effect on Result"> (2,853)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_905_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zzYVRb6MyDEg" title="Designation date">06/01/2022</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_904_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zbIwrYMIUvYf" title="Hedging instrument">Export prepayments in US$ to third parties</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_90C_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zR3gcemKzv21" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_90B_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zI5K808862Ck" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_908_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYq33KtiW6A1" title="Hedged period">June 2022 - May 2033</span> </td> <td> </td> <td id="xdx_98C_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWYOBGPB2kOa" style="text-align: right" title="Exchange rate on designation">4.7289</td> <td> </td> <td id="xdx_981_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2FlOkQ3hwR" style="text-align: right" title="Designated amounts">878,640</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zOXFSNzla5Gl" style="text-align: right" title="Amortized part">(260,060)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zrCQeVy6eEpc" style="text-align: right" title="Effect on Result">(81,905)</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z6y3oOpNZtJl" style="text-align: right" title="Impact on Shareholders' equity">(478,472)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: center"><span id="xdx_90C_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWJkOxirsLvg" title="Designation date">12/01/2022</span></td> <td style="text-align: center"> </td> <td style="text-align: left"><span id="xdx_900_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zevEfofkC1N2" title="Hedging instrument">Export prepayments in US$ to third parties</span></td> <td> </td> <td style="text-align: justify"><span id="xdx_906_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zBB3q1min6ba" title="Hedged item">Part of the highly probable future monthly iron ore exports</span></td> <td> </td> <td style="text-align: center"><span id="xdx_90E_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zVl5UbOZEsA2" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span></td> <td> </td> <td style="text-align: center"> <span id="xdx_90E_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCBrnrd5NoLd" title="Hedged period">December 2022 - June 2027</span> </td> <td> </td> <td id="xdx_984_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zlxiZi4o3904" style="text-align: right" title="Exchange rate on designation">5.0360</td> <td> </td> <td id="xdx_983_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdGqp5v9G0W2" style="text-align: right" title="Designated amounts"> 70,000</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesOneMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQfmKVcO7zKi" style="text-align: right" title="Impact on Shareholders' equity"> (32,559)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: center"><span id="xdx_900_ecustom--HedgingRelationshipDesignationDate_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zHxhZpZQL8v" title="Designation date">05/16/2024</span></td> <td style="text-align: right"> </td> <td> <span id="xdx_902_ecustom--DescriptionOfFinancialInstrumentDesignatedAsHedgingInstrument_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKRmMepQ5Yog" title="Hedging instrument">Export prepayments in US$ to third parties</span> </td> <td style="text-align: right"> </td> <td> <span id="xdx_904_ecustom--DescriptionOfNatureOfRiskBeingHedged_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z83gVwguhuq6" title="Hedged item">Part of the highly probable future monthly iron ore exports</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_906_ecustom--DescriptionOfTypesOfHedge_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zjN5ZJKj0Igk" title="Type of hedged risk">Foreign exchange - R$ vs. US$ spot rate</span> </td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_906_ecustom--DescriptionOfPeriodsWhenCashFlowExpectedToOccur_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zbcI9pw0PXQc" title="Hedged period">August 2025 - March 2035</span> </td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--AveragePriceOfHedgingInstrument_iI_pid_uPure_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zRq5djTXh4a8" style="text-align: right" title="Exchange rate on designation">5.1270</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zzDiPGOxDIAf" style="text-align: right" title="Designated amounts">208,717</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWNL6Vp8sqog" style="text-align: right" title="Amortized part">(81,686)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zTuPvp5nO7w9" style="text-align: right" title="Effect on Result"> (5,039)</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExportPrepaymentsInUSToThirdPartiesTwoMember__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zB3ztlIEVNSe" style="text-align: right" title="Impact on Shareholders' equity"> (47,687)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td colspan="11" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: left">Total recognized in the consolidated</td> <td style="font-weight: bold"> </td> <td id="xdx_98A_eifrs-full--HedgedItemAssets_iI_pn3n3_c20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zMOBCcJQdE82" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Designated amounts"> 7,893,118</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValueAmortization_iI_pn3n3_c20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_znl1Sdl196Ei" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Amortized part"> (3,509,107)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_ecustom--EffectOnFinancialInstrumentsDesignatedAsHedgingInstruments_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_fKCop_zYYuGHu8gAvj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Effect on Result">(573,825)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherComprehensiveIncomeNetOfTaxCashFlowHedges_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdFLhn7hrGxa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Impact on Shareholders' equity"> (4,900,466)</td></tr> </table> 07/31/2019 Bonds and Export prepayments in US$ to third parties Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate January 2020 - April 2026 3.7649 1342761000 -965961000 -163673000 -654690000 01/10/2020 Bonds Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate March 2020 to November 2025 until December 2050 4.0745 1416000000 -1416000000 -75717000 -1214600000 01/28/2020 Bonds Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate March 2027 - January 2028 4.2064 1000000000 -1296000000 06/06/2024 Advance on foreign exchange contract Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate June 2024 - February 2025 5.2700 30000000 -30000000 -17961000 06/01/2022 Bonds and Export prepayments in US$ to third parties Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate June 2022 - April 2032 4.7289 1145000000 -360000000 -130497000 -607198000 12/01/2022 Bonds Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate December 2022 - June 2031 5.0360 490000000 -37000000 -211279000 12/01/2022 Advance on foreign exchange contract Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate December 2022 - December 2025 5.2565 100000000 -100000000 -24590000 05/16/2024 Export Prepayments in US$ with third parties, ACC and Bonds Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate September 2024 - March 2035 5.1270 1202000000 -248400000 -71590000 -357981000 06/25/2024 Advance on foreign exchange contract Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate June 2024 - February 2025 5.4405 10000000 -10000000 -2853000 06/01/2022 Export prepayments in US$ to third parties Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate June 2022 - May 2033 4.7289 878640000 -260060000 -81905000 -478472000 12/01/2022 Export prepayments in US$ to third parties Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate December 2022 - June 2027 5.0360 70000000 -32559000 05/16/2024 Export prepayments in US$ to third parties Part of the highly probable future monthly iron ore exports Foreign exchange - R$ vs. US$ spot rate August 2025 - March 2035 5.1270 208717000 -81686000 -5039000 -47687000 7893118000 -3509107000 -573825000 -4900466000 4384011000 2877563000 6292800000 6292800000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfChangesInHedgeAccountingTableTextBlock_pn3n3_zs9GcOtJp4Ch" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 10)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B2_zXMsPV0ZAvyg" style="display: none">Schedule of hedge accounting movements</span></td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 52%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 12%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Movement</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Realization</td> <td style="border-top: Black 0.5pt solid; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Cash flow hedge</td> <td id="xdx_983_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iS_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zHSyC8bF71E3" style="border-top: Black 0.5pt solid; text-align: right" title="Fair value, net of taxes, beginning">(8,970,450)</td> <td> </td> <td id="xdx_98E_eifrs-full--GainsLossesOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zxDSRoTuYzZ9" style="border-top: Black 0.5pt solid; text-align: right" title="Movement"> 3,496,160</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQd6i33kgM39" style="border-top: Black 0.5pt solid; text-align: right" title="Realization"> 573,825</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iE_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zeRk3fARUmah" style="border-top: Black 0.5pt solid; text-align: right" title="Fair value, net of taxes, ending">(4,900,465)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Income tax and social contribution on cash flow hedge</td> <td id="xdx_983_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iS_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccountingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zDQMiAWUpBI9" style="text-align: right" title="Fair value, net of taxes, beginning"> 3,049,954</td> <td> </td> <td id="xdx_98C_eifrs-full--GainsLossesOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccountingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zgJeAz1F9QGh" style="text-align: right" title="Movement">(1,188,694)</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccountingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zhkFkWuudhC8" style="text-align: right" title="Realization">(195,100)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iE_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__custom--IncomeTaxAndSocialContributionOnCashFlowHedgeAccountingMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zaD1Do6D5VDl" style="text-align: right" title="Fair value, net of taxes, ending"> 1,666,160</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-weight: bold; vertical-align: bottom">Fair Value of cash flow accounting, net taxes</td> <td id="xdx_981_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iS_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember_zXyDGkF5kmL9" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Fair value, net of taxes, beginning">(5,920,496)</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--GainsLossesOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember_z6otBkFco4Ee" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Movement"> 2,307,466</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember_zMxX3tz7dQMc" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Realization"> 378,725</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--FinancialInstrumentsDesignatedAsHedgingInstrumentAtFairValue_iE_pn3n3_c20250101__20251231__ifrs-full--TypesOfHedgesAxis__ifrs-full--CashFlowHedgesMember_zdzqK8w6xHBe" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Fair value, net of taxes, ending">(3,234,305)</td></tr> </table> -8970450000 3496160000 573825000 -4900465000 3049954000 -1188694000 -195100000 1666160000 -5920496000 2307466000 378725000 -3234305000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock_pn3n3_zhZ2zeXwknj8" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 11)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B3_zy75N4M2UxV1" style="display: none">Schedule of liquidity risk</span></td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; width: 33%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; text-align: center; width: 3%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 10%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom; text-align: justify">At December 31, 2025</td> <td style="font-weight: bold; vertical-align: bottom; text-align: justify"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: bottom; text-align: justify"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Less than one year</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">From one to two years</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">From two to five years</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Over five years</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Total</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid">Borrowing and financing</td> <td> </td> <td style="text-align: center">14.b</td> <td> </td> <td id="xdx_98B_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zk6MHemCof3a" style="text-align: right" title="Contractual maturities"> 10,522,974</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zfOFGCdsrWs9" style="text-align: right" title="Contractual maturities"> 14,615,628</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zJQsOCRUG6ui" style="text-align: right" title="Contractual maturities"> 12,949,869</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zI11YNxDM322" style="text-align: right" title="Contractual maturities"> 15,504,149</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--BorrowingsAndFinancingMember_zZMCDJ3NXi3l" style="font-weight: bold; text-align: right" title="Contractual maturities"> 53,592,620</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Lease liabilities</td> <td> </td> <td style="text-align: center">16</td> <td> </td> <td id="xdx_984_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--LeasesMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zB9JETLXoaHb" style="text-align: right" title="Contractual maturities"> 238,702</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--LeasesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zKzcbg70QyAg" style="text-align: right" title="Contractual maturities"> 317,504</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--LeasesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zfCt4PLWSWDg" style="text-align: right" title="Contractual maturities"> 132,888</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--LeasesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zWtt6QOi0f5k" style="text-align: right" title="Contractual maturities"> 404,645</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--LeasesMember_zZdXgG39Ezsc" style="font-weight: bold; text-align: right" title="Contractual maturities"> 1,093,739</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Derivative financial instruments</td> <td> </td> <td style="text-align: center">19</td> <td> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__ifrs-full--DerivativesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_z76xaLmb0Tc8" style="text-align: right" title="Contractual maturities"> 153,507</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__ifrs-full--DerivativesMember_zuzV8PtTsy4e" style="font-weight: bold; text-align: right" title="Contractual maturities">153,507</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Trade payables</td> <td> </td> <td style="text-align: center">17</td> <td> </td> <td id="xdx_984_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zjxmleFmU3za" style="text-align: right" title="Contractual maturities"> 7,162,929</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zQqS7Dcpdz9i" style="text-align: right" title="Contractual maturities"> 63,214</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_z6WTIckJL7Rl" style="text-align: right" title="Contractual maturities"> 3,203</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zB49PfSBxhnc" style="text-align: right" title="Contractual maturities">390</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesMember_zaecxSbTrDal" style="font-weight: bold; text-align: right" title="Contractual maturities"> 7,229,736</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Trade payables - Forfaiting</td> <td> </td> <td style="text-align: center">17.a</td> <td> </td> <td id="xdx_98E_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesForfaitingMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zg6HvL0bBuHc" style="text-align: right" title="Contractual maturities"> 2,905,018</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--TradePayablesForfaitingMember_zbSE3hpT0XX4" style="font-weight: bold; text-align: right" title="Contractual maturities"> 2,905,018</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Dividends and interest on capital</td> <td> </td> <td style="text-align: center">19</td> <td> </td> <td id="xdx_98B_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--DividendsAndInterestOnCapitalMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zuqRhJ9anUyf" style="text-align: right" title="Contractual maturities"> 125,062</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--DividendsAndInterestOnCapitalMember_zx0jamB98Ap1" style="font-weight: bold; text-align: right" title="Contractual maturities">125,062</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Concessions to be paid</td> <td> </td> <td style="text-align: center">19</td> <td> </td> <td id="xdx_988_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ConcessionsToBePaidMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zBLM0gdb4EAl" style="text-align: right" title="Contractual maturities"> 13,350</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ConcessionsToBePaidMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zQfam8wQ68c2" style="text-align: right" title="Contractual maturities"> 13,350</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ConcessionsToBePaidMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zhAxwski1WIg" style="text-align: right" title="Contractual maturities"> 40,050</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ConcessionsToBePaidMember__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zAktbBPUb3Qh" style="text-align: right" title="Contractual maturities"> 25,019</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--ConcessionsToBePaidMember_zUO4W9Mi7ZAa" style="font-weight: bold; text-align: right" title="Contractual maturities"> 91,769</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td id="xdx_985_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zObaZMInj7k6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Contractual maturities"> 20,968,035</td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_z87etsPJwIgf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Contractual maturities"> 15,009,696</td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zwl77xz1Vwx8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Contractual maturities"> 13,126,010</td> <td style="text-align: left"> </td> <td id="xdx_981_ecustom--ContractualMaturities_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zHnsRaE0hjH7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Contractual maturities"> 16,087,710</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--ContractualMaturities_iI_pn3n3_c20251231_zJ04ffgtDwy4" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Contractual maturities"> 65,191,451</td></tr> </table> 10522974000 14615628000 12949869000 15504149000 53592620000 238702000 317504000 132888000 404645000 1093739000 153507000 153507000 7162929000 63214000 3203000 390000 7229736000 2905018000 2905018000 125062000 125062000 13350000 13350000 40050000 25019000 91769000 20968035000 15009696000 13126010000 16087710000 65191451000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfFairValuesOfAssetsAndLiabilitiesTableTextBlock_zMvQKYkphKzk" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 12)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BA_zVAmujZjACK5" style="display: none">Schedule of fair values of assets and liabilities</span></td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 27%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 18%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%">12/31/2025</td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 18%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: justify"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Closing Balance</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Fair value</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Closing Balance</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Fair value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Fixed Rate Notes <span style="font: normal 400 8pt HELVETICA LIGHT">^(*)</span></td> <td id="xdx_98A_eifrs-full--FinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--FixedRateNotesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--LiquidityRiskMember_z0RaMIOlyya" style="text-align: right" title="Closing Balance"> 19,728,321</td> <td style="text-align: left"> </td> <td id="xdx_981_eifrs-full--FinancialLiabilitiesAtFairValue_pn3n3_c20251231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--FixedRateNotesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--LiquidityRiskMember_zZrY3z8obny2" style="text-align: right" title="Fair value"> 16,958,019</td> <td style="text-align: left"> </td> <td id="xdx_989_eifrs-full--FinancialLiabilities_pn3n3_c20241231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--FixedRateNotesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--LiquidityRiskMember_zWcVGdVTkPk1" style="text-align: right" title="Closing Balance"> 22,204,604</td> <td style="text-align: left"> </td> <td id="xdx_987_eifrs-full--FinancialLiabilitiesAtFairValue_pn3n3_c20241231__ifrs-full--ClassesOfFinancialLiabilitiesAxis__custom--FixedRateNotesMember__ifrs-full--TypesOfRisksAxis__ifrs-full--LiquidityRiskMember_zpK2xDDQFKc3" style="text-align: right" title="Fair value"> 19,584,985</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Source: Bloomberg</td></tr> </table> 19728321000 16958019000 22204604000 19584985000 In October 2023, the Company entered into a new swap agreement with the purpose of mitigating the risk associated with an External Credit Note (NCE) acquired during the same period, whose maturity is scheduled for October 2028, and which has a principal amount of R$680,000. In January 2025, the Company entered into a new swap agreement with the purpose of mitigating the risk associated with an External Credit Note (NCE) acquired during the same period, whose maturity is scheduled for January 2028, and which has a principal amount of US$50,000. 115000000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfPositionOfDerivativesTableTextBlock_zAlODFLtAOFg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 13)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8B8_z5BBATkHboPi" style="display: none">Schedule of position of the derivatives</span></td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-style: italic; text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 32%"> </td> <td style="width: 1%"> </td> <td style="text-align: center; width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 7%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 7%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2025</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Appreciation (R$)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Fair value (market)</td> <td> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Impact on financial income (expenses) (note 30)</td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Instrument</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Maturity</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Functional Currency</td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Notional amount</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Asset position</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Liability position</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Amounts receivable / (payable)</td> <td> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Exchange rate swap</td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; font-style: italic; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="color: red; font-weight: bold; text-align: center"> </td> <td style="color: red; font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Exchange rate swap Dollar x Real - CSN Cimentos Brasil</td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"><span id="xdx_903_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zO7hHfRp9c15" title="Maturity">Settled</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zFJma2jcBJZh" title="Functional Currency">Dollar </span></td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIDollarOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zLrcUsoY0md5" style="text-align: right" title="Notional amount">115,000</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98E_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdMVedoj0B22" style="text-align: right" title="Financial income (expenses), net">(92,552)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zuQzQ76bLp0k" style="text-align: right" title="Financial income (expenses), net">  58,392</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Dollar x Real swap - CSN Cimentos Brasil</td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"><span id="xdx_908_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKmYeXcf3F7f" title="Maturity">2027</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90D_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5XxkvULtqY6" title="Functional Currency">Dollar</span> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCKfknaMsrkd" style="text-align: right" title="Notional amount"> 50,000</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdHnJbc6zd2k" style="text-align: right" title="Appreciation asset position">  296,793</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYG5T4ogHWNf" style="text-align: right" title="Appreciation liability position"> (312,436)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2wUMnDbi3w2" style="text-align: right" title="Fair value market amoount receivable / payable">  (15,643)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_984_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--DollarXRealSwapCSNCimentosBrasilMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5fHqqHANspf" style="text-align: right" title="Financial income (expenses), net">(88,120)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Exchange rate swap CDI x Dollar - CSN</td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zkiLAuxauuN" title="Maturity">2028</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_906_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zXT5LY6rllsk" title="Functional Currency">Real </span></td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z4nDbNfLKfh9" style="text-align: right" title="Notional amount">680,000</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zPhhKGiZUVfh" style="text-align: right" title="Appreciation asset position">  729,534</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCFOdYPNaOi5" style="text-align: right" title="Appreciation liability position"> (788,851)</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zSIlhAPVlc65" style="text-align: right" title="Fair value market amoount receivable / payable">  (59,318)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdwgVeMndGlj" style="text-align: right" title="Financial income (expenses), net">142,762</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXRealCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zWMHr52sGnLa" style="text-align: right" title="Financial income (expenses), net">  (146,529)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Exchange rate swap Dollar x Real - CSN</td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"><span id="xdx_906_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zQLKJDQyJN46" title="Maturity">2028</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zYwe2ObpD7Tj" title="Functional Currency">Dollar</span> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zTaNPu0HGlUk" style="text-align: right" title="Notional amount">295,000</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zoTb2ieWCey1" style="text-align: right" title="Appreciation asset position">  296,787</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z4NqIIM9NhH" style="text-align: right" title="Appreciation liability position"> (354,589)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zqiweGBPHUk7" style="text-align: right" title="Fair value market amoount receivable / payable">  (57,802)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8HCEYGiC9il" style="text-align: right" title="Financial income (expenses), net">(57,802)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIXDollarCSNMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zghIzQWb0YIf" style="text-align: right" title="Financial income (expenses), net">129,972</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Exchange rate swap Dollar x CDI - Grupo Estrela</td> <td style="color: red; text-align: right"> </td> <td style="text-align: center"><span id="xdx_904_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zkuTLQpByVlh" title="Maturity">2027</span></td> <td style="text-align: right"> </td> <td style="text-align: center"> <span id="xdx_906_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zAXeEddBbHAj" title="Functional Currency">Real</span> </td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zbQwxfWn6G42" style="text-align: right" title="Notional amount"> 311,971</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zFcb4eQEVQa" style="text-align: right" title="Appreciation asset position">214,896</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zZIzrTBRBKr8" style="text-align: right" title="Appreciation liability position">(235,146)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zvecpQ7mkY35" style="text-align: right" title="Fair value market amoount receivable / payable">(20,250)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_980_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapDollarXCDIGrupoEstrelaMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zk2LCAlRVerk" style="text-align: right" title="Financial income (expenses), net">(53,029)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; font-style: italic">Total Exchange rate Swap </td> <td style="color: red; font-weight: bold; font-style: italic"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z5htRoyYmnTd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation asset position"> 1,538,010</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zAqJlHpDHS8g" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation liability position"> (1,691,023)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zl3BUeRomXP3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair value market amoount receivable / payable"> (153,013)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_985_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zXVQjNNvJrF1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (148,741)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--TotalSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z3EeqqmulUvd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net">41,835</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Interest rate swap</td> <td style="color: red; font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"></td> <td style="font-style: italic; text-align: right"> </td> <td style="font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-style: italic; text-align: left">Interest rate (Debentures) CDI x IPCA - CSN</td> <td style="font-weight: bold; font-style: italic"> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ziPEv5XbgfIk" title="Maturity">2030 to 2039</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90C_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z7S1VvzMPGs7" title="Functional Currency">Real</span> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zaDncODMqV4g" style="text-align: right" title="Notional amount">2,012,358</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKlcXKtC0uta" style="text-align: right" title="Appreciation asset position"> 2,143,849</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zXi4Dejd8kkg" style="text-align: right" title="Appreciation liability position"> (2,195,014)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zk9LEb0dFM6f" style="text-align: right" title="Fair value market amoount receivable / payable">(51,165)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_988_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zOHaXZ2gMp9b" style="text-align: right" title="Financial income (expenses), net">(28,375)</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zpct28iWpKr" style="text-align: right" title="Financial income (expenses), net"> (211,994)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-style: italic; text-align: left">Interest rate (Debentures) CDI x IPCA - CSN Mineração</td> <td style="font-weight: bold; font-style: italic"> </td> <td style="text-align: center"><span id="xdx_90B_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zBDJ1w4vxhH3" title="Maturity">2031 to 2037</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90C_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGbm10nhW995" title="Functional Currency">Real</span> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zecGsC6HwHv2" style="text-align: right" title="Notional amount">2,400,000</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zJgOXiZH9fL9" style="text-align: right" title="Appreciation asset position"> 2,748,344</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zF1dHHszSJ0k" style="text-align: right" title="Appreciation liability position"> (2,769,908)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zLU7QdqBcj5c" style="text-align: right" title="Fair value market amoount receivable / payable">(21,564)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98D_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGb6OqiyoVA8" style="text-align: right" title="Financial income (expenses), net">(25,339)</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCAOneMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zTxUkLLso821" style="text-align: right" title="Financial income (expenses), net"> (406,992)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-style: italic; text-align: left">Interest rate (Debentures) CDI x IPCA - CSN Cimentos Brasil</td> <td style="font-weight: bold; font-style: italic"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90C_ecustom--Maturity_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zCy0UcUIwChc" title="Maturity">2032</span></td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: center"> <span id="xdx_90B_ecustom--FunctionalCurrency_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zdgui2eZbfwe" title="Functional Currency">Real</span> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_ecustom--NotionalAmounts_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ztcJIds4o3W9" style="text-align: right" title="Notional amount">1,200,000</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zpGvUgE9XtVi" style="text-align: right" title="Appreciation asset position"> 1,399,848</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zb2MBLmXgKel" style="text-align: right" title="Appreciation liability position"> (1,327,719)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zMT5k5vpOEui" style="text-align: right" title="Fair value market amoount receivable / payable"> 72,129</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98D_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zVp9jOQvdna1" style="text-align: right" title="Financial income (expenses), net">(16,048)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--InterestRateDebenturesCDIIPCATwoMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zUtYHMIujoze" style="text-align: right" title="Financial income (expenses), net"> (172,951)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold; font-style: italic">Total interest rate (Debentures) CDI x IPCA</td> <td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalInterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zqDy4c3v8mF7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation asset position"> 6,292,041</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalInterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z3kcNZ9NmVY5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation liability position"> (6,292,641)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalInterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zxvLatqNU1oh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair value market amoount receivable / payable"> (600)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_981_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--TotalInterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zNupEwJYyx6c" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net">(69,762)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--TotalInterestRateDebenturesCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zAWXWazAT3o2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (791,937)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-style: italic; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--AppreciationAssetPositions_pn3n3_c20250101__20251231_zO8y4q44lWP" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation asset position"> 7,830,051</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--AppreciationLiabilityPositions_pn3n3_c20250101__20251231_zS96lyY8zQe6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Appreciation liability position"> (7,983,664)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FairValueMarketAmoountReceivablePayable_pn3n3_c20250101__20251231_zTTOfohSnIe7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair value market amoount receivable / payable"> (153,613)</td> <td style="font-style: italic; text-align: right"> </td> <td id="xdx_98F_ecustom--FinancialIncomeExpenseNet_pn3n3_c20250101__20251231_ztf29tZlWNae" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (218,503)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialIncomeExpenseNet_pn3n3_c20240101__20241231_zAb6qsX1niC1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (750,102)</td></tr> </table> Settled Dollar  115000000 -92552000 58392000 2027 Dollar 50000000 296793000 -312436000 -15643000 -88120000 2028 Real  680000000 729534000 -788851000 -59318000 142762000 -146529000 2028 Dollar 295000000 296787000 -354589000 -57802000 -57802000 129972000 2027 Real 311971000 214896000 -235146000 -20250000 -53029000 1538010000 -1691023000 -153013000 -148741000 41835000 2030 to 2039 Real 2012358000 2143849000 -2195014000 -51165000 -28375000 -211994000 2031 to 2037 Real 2400000000 2748344000 -2769908000 -21564000 -25339000 -406992000 2032 Real 1200000000 1399848000 -1327719000 72129000 -16048000 -172951000 6292041000 -6292641000 -600000 -69762000 -791937000 7830051000 -7983664000 -153613000 -218503000 -750102000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfBalanceSheetAndStatementOfIncomeTableTextBlock_zKdYnhFpV5A" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 14)"> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: left"><span id="xdx_8B8_zxaSm3Py48p8" style="display: none">Schedule of balance sheet and statement of income</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; width: 23%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 6%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 8%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 8%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 6%">12/31/2025</td> <td style="border-bottom: Black 1pt solid; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 6%">12/31/2024</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 8%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 8%">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Instruments</td> <td> </td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Assets</td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Liabilities</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Other comprehensive income</td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Financial income (expenses), net (note 30)</td></tr> <tr style="vertical-align: middle"> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Current</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Total</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Current</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Non-current</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Total</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Iron ore derivative</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--IronOreDerivativeMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zrc8jws9Y7j1" style="text-align: right" title="Liabilities current">(67,304)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--DerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--IronOreDerivativeMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ze7t3D6oB1Ob" style="text-align: right" title="Total">(67,304)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherComprehensiveIncome_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--IronOreDerivativeMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zm1EddyySf1d" style="text-align: right" title="Other comprehensive income">(29,976)</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--IronOreDerivativeMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z1WluSH2Zyc3" style="text-align: right" title="Financial income (expenses), net"> (1,346)</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--IronOreDerivativeMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zPPmpzkDV7Oe" style="text-align: right" title="Financial income (expenses), net">19,446</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Exchange rate swap CDI x Dollar </td> <td> </td> <td id="xdx_98E_eifrs-full--CurrentDerivativeFinancialAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z8cYZMAoEsR8" style="text-align: right" title="Assets current"> 494</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--DerivativeFinancialAssets_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z9l5YDVYIiL1" style="text-align: right" title="Assets, total"> 494</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zslGcczljya6" style="text-align: right" title="Liabilities non-current">(137,864)</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--DerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zvzX0aO6G36e" style="text-align: right" title="Total">(137,864)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zFQLZU4D8wEj" style="text-align: right" title="Financial income (expenses), net">31,931</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCdiDollarMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zMelMLvcjzxj" style="text-align: right" title="Total"> (146,528)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom; text-align: left">Exchange rate swap CDI x IPCA <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--NoncurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zZ245kP3Chsc" style="vertical-align: middle; text-align: right" title="Liabilities non-current">(600)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_987_eifrs-full--DerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zKof5tFTkdbb" style="vertical-align: middle; text-align: right" title="Total">(600)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_ztF3HRhzTxmc" style="vertical-align: middle; text-align: right" title="Financial income (expenses), net"> (69,762)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeRateSwapCDIIPCAMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zGFpyPVujJ86" style="vertical-align: middle; text-align: right" title="Total"> (791,938)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Dollar x Real swap</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--NoncurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeDollarRealSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zpa6Hppekqd6" style="text-align: right" title="Liabilities non-current">(15,643)</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--DerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeDollarRealSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zXEMU5F1ATY" style="text-align: right" title="Total">(15,643)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20250101__20251231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeDollarRealSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zxkRoWQRWxX6" style="text-align: right" title="Financial income (expenses), net"> (180,672)</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20240101__20241231__ifrs-full--HedgingInstrumentsAxis__custom--ExchangeDollarRealSwapMember__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zlqFK9ePvW3i" style="text-align: right" title="Total">188,364</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td> </td> <td id="xdx_98C_eifrs-full--CurrentDerivativeFinancialAssets_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zZts3s9mQUk2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Assets, current"> 494</td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--DerivativeFinancialAssets_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zpELL5XNn6cb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Assets, total"> 494</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zAwrXR3RYdde" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Liabilities current">(67,304)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--NoncurrentDerivativeFinancialLiabilities_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zpSHYXKgX0Z1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Liabilities non-current">(154,107)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--DerivativeFinancialLiabilities_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zliJH9tHaEAc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">(221,411)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherComprehensiveIncome_pn3n3_c20250101__20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zxFLaSV9ylJ6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Other comprehensive income">(29,976)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20250101__20251231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_zgfqCgOnDHp2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (219,849)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--TradingIncomeExpenseOnDerivativeFinancialInstruments_pn3n3_c20240101__20241231__ifrs-full--TypesOfRisksAxis__ifrs-full--CurrencyRiskMember_z2CApP6QeaT2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Financial income (expenses), net"> (730,656)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">The SWAP CDI x IPCA derivative instruments are fully classified in the borrowings and financing group, since they are linked to debentures with the purpose of protecting against IPCA exposure.</td></tr> </table> -67304000 -67304000 -29976000 -1346000 19446000 494000 494000 -137864000 -137864000 31931000 -146528000 -600000 -600000 -69762000 -791938000 -15643000 -15643000 -180672000 188364000 494000 494000 -67304000 -154107000 -221411000 -29976000 -219849000 -730656000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfOtherOperatingIncomeAndExpensesTableTextBlock_zaA0fFvdYY81" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 15)"> <tr> <td style="vertical-align: middle; text-align: center"><span id="xdx_8B6_z12VYAp8qV31" style="display: none">Schedule of stock market price risks</span></td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Class of shares</td> <td style="border-top: Black 0.5pt solid; font-size: 11pt; vertical-align: bottom"> </td> <td colspan="7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td colspan="7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Quantity</td> <td style="border-top: Black 0.5pt solid; font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Interest (%)</td> <td style="border-top: Black 0.5pt solid; font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Share price</td> <td style="border-top: Black 0.5pt solid; font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Closing Balance</td> <td style="font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Quantity</td> <td style="font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Equity interest (%)</td> <td style="border-top: Black 0.5pt solid; font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Share price</td> <td style="font-size: 11pt; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Closing Balance</td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Profit or loss (note 30)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: center; width: 14%">USIM3</td> <td style="font-size: 11pt; vertical-align: bottom; width: 1%"> </td> <td id="xdx_98E_ecustom--NumberOfShares_iI_pid_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zGqUcegOdtda" style="vertical-align: middle; text-align: right; width: 8%" title="Quantity (in shares)"> 35,192,508</td> <td style="font-size: 11pt; vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: middle; text-align: center; width: 9%"><span id="xdx_900_ecustom--InvestmentInterestRate1_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zdxlCwZv7ixh" title="Equity interest (%)">4.99</span>%</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td id="xdx_98F_ecustom--SharePrice1_iI_pid_uPure_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_za0SRXeT8Xbh" style="vertical-align: middle; text-align: right; width: 5%" title="Share price">5.96</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td id="xdx_989_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zrAuRrz7gPph" style="vertical-align: middle; text-align: right; width: 7%" title="Closing Balance">209,747</td> <td style="font-size: 11pt; vertical-align: bottom; width: 1%"> </td> <td id="xdx_982_ecustom--NumberOfShares_iI_pid_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_z8YV2MAgtB38" style="vertical-align: middle; text-align: right; width: 8%" title="Quantity (in shares)"> 106,620,851</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="vertical-align: middle; text-align: center; width: 7%"><span id="xdx_900_ecustom--InvestmentInterestRate1_pid_dp_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zNH4GrXscFu5" title="Equity interest (%)">15.12</span>%</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td id="xdx_982_ecustom--SharePrice1_iI_pid_uPure_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zlgpxvYlOJOb" style="vertical-align: middle; text-align: right; width: 7%" title="Share price"> 5.32</td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td id="xdx_980_ecustom--StockValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zqpnIhCGOkb4" style="vertical-align: middle; text-align: right; width: 8%" title="Closing Balance"> 567,222</td> <td style="vertical-align: middle; text-align: center; width: 1%"> </td> <td id="xdx_98A_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zbWxq9fdDYmj" style="vertical-align: middle; text-align: right; width: 9%" title="Fair value adjustment recognized in profit or loss"> (43,728)</td> <td style="vertical-align: middle; text-align: center; width: 1%"> </td> <td id="xdx_985_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zOdeubiyvAHf" style="vertical-align: middle; text-align: right; width: 8%" title="Fair value adjustment recognized in profit or loss">(413,689)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: center">USIM5</td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td id="xdx_989_ecustom--NumberOfShares_iI_pid_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zwfmGfd3ssAd" style="vertical-align: middle; text-align: right" title="Quantity (in shares)"> 27,336,117</td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_90C_ecustom--InvestmentInterestRate1_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zQ8S3qVLBW7f" title="Equity interest (%)">4.99</span>%</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_ecustom--SharePrice1_iI_pid_uPure_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zEuxdqbTs9Sd" style="vertical-align: middle; text-align: right" title="Share price">5.95</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zPA1MIqrDkEf" style="vertical-align: middle; text-align: right" title="Closing Balance">162,650</td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td id="xdx_988_ecustom--NumberOfShares_iI_pid_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zaYzjYZKr6V" style="vertical-align: middle; text-align: right" title="Quantity (in shares)"> 55,144,456</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_901_ecustom--InvestmentInterestRate1_pid_dp_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zODeHZIfKAlc" title="Equity interest (%)">10.07</span>%</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_ecustom--SharePrice1_iI_pid_uPure_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zrKXvQ1AUFq6" style="vertical-align: middle; text-align: right" title="Share price"> 5.32</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_ecustom--StockValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zJjfOtzASE14" style="vertical-align: middle; text-align: right" title="Closing Balance"> 293,369</td> <td style="vertical-align: middle; text-align: center"> </td> <td id="xdx_98C_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_z2YNADqzzIu5" style="vertical-align: middle; text-align: right" title="Fair value adjustment recognized in profit or loss"> (13,834)</td> <td style="vertical-align: bottom; text-align: center"> </td> <td id="xdx_984_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zsutsmn1L5Ul" style="vertical-align: middle; text-align: right" title="Fair value adjustment recognized in profit or loss">(218,923)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember_zIPE5JYPivie" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Closing Balance">372,397</td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_ecustom--StockValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember_zPY1dPDLBzmb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Closing Balance"> 860,591</td> <td style="vertical-align: bottom; text-align: center"> </td> <td id="xdx_98B_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember_zFIZu4hWnNm6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Fair value adjustment recognized in profit or loss"> (57,562)</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--FairValueAdjustmentRecognizedInProfitOrloss_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember_zkQAWMMmnke1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right" title="Fair value adjustment recognized in profit or loss">(632,612)</td></tr> </table> 35192508 0.0499 5.96 209747000 106620851 0.1512 5.32 567222000 -43728000 -413689000 27336117 0.0499 5.95 162650000 55144456 0.1007 5.32 293369000 -13834000 -218923000 372397000 860591000 -57562000 -632612000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfSensitivityAnalysisEffectsOnClassOfSharesTableTextBlock_zyfDdMPZ4rKi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 16)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><span id="xdx_8B7_zqjSAqDRQWqd" style="display: none">Schedule of sensitivity analysis for stock price risks</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; text-align: right; width: 30%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; text-align: right; width: 13%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Helvetica light; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; width: 13%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Helvetica light; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; width: 13%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; width: 13%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Helvetica light; vertical-align: bottom; text-align: right; width: 13%">12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">Class of shares</td> <td style="font-family: Arial, sans-serif; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">Quantity</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">Share price on 12/31/2025</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">Closing Balance</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">Extreme Optimistic Scenario (1)</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">Extreme Pessimistic Scenario (2)</td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; text-align: center"> USIM3 </td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_984_ecustom--NumberOfShares_iI_pid_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zmDB1t0smf5d" style="font-family: Arial, sans-serif; text-align: right" title="Quantity (in shares)"> 35,192,508</td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td id="xdx_98A_ecustom--SharePrice1_iI_pid_uPure_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_z28xhYanqFi6" style="font-family: Arial, sans-serif; text-align: right" title="Share price"> 5.96</td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td id="xdx_98F_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member_zpYSYFpTPYX4" style="font-family: Arial, sans-serif; text-align: right" title="Closing Balance">209,747</td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td id="xdx_98D_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremeOptimisticScenarioMember_zE9wXkwsSfl7" style="font-family: Arial, sans-serif; text-align: right" title="Closing Balance">20,201</td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td id="xdx_985_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM3Member__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremePessimisticScenarioMember_zguGr6j816e4" style="font-family: Arial, sans-serif; text-align: right" title="Closing Balance"> (75,342)</td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> USIM5 </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_983_ecustom--NumberOfShares_iI_pid_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zXH7dydij8oj" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Quantity (in shares)"> 27,336,117</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td id="xdx_98F_ecustom--SharePrice1_iI_pid_uPure_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zyGIIaDKjDof" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Share price"> 5.95</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td id="xdx_98F_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member_zdsnsc84bSW" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Closing Balance">162,650</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td id="xdx_988_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremeOptimisticScenarioMember_zwLyTKC1Rub" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Closing Balance">15,665</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td id="xdx_98D_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--USIM5Member__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremePessimisticScenarioMember_zYmO0MIACCW4" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Closing Balance"> (58,308)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_984_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember_z95CvT7legD7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Closing Balance">372,397</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_98D_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremeOptimisticScenarioMember_zIzoqiRd6Xff" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Closing Balance">35,866</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_98E_ecustom--StockValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--TotalUSIMSharesMember__ifrs-full--ProbabilityOfDefaultAxis__custom--ExtremePessimisticScenarioMember_zhmAc5BaG1V5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Closing Balance"> (133,650)</td></tr> </table> 35192508 5.96 209747000 20201000 -75342000 27336117 5.95 162650000 15665000 -58308000 372397000 35866000 -133650000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfCapitalManagementTableTextBlock_zYWdKUJWCj3d" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INSTRUMENTS (Details 17)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BD_znZN5HOIUJQ7" style="display: none">Schedule of capital management</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 61%">Thousands of Reais</td> <td style="font-weight: bold; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 19%">12/31/2025</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 18%">12/31/2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Shareholder's equity (equity)</td> <td> </td> <td id="xdx_98A_eifrs-full--Equity_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zHXXhoLKSCl7" style="text-align: right" title="Shareholder's equity (equity)">15,736,350</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--Equity_iI_pn3n3_c20241231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zn0cIYMWZTAh" style="text-align: right" title="Shareholder's equity (equity)"> 15,459,116</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Borrowings and Financing (Third-party capital)</td> <td> </td> <td id="xdx_980_ecustom--BorrowingsAndFinancingThirdPartyCapital_iI_pn3n3_c20251231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zJwhuXLJr3u9" style="text-align: right" title="Borrowings and Financing (Third-party capital)">52,924,547</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--BorrowingsAndFinancingThirdPartyCapital_iI_pn3n3_c20241231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zFh3zuKHuqsl" style="text-align: right" title="Borrowings and Financing (Third-party capital)"> 56,914,621</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Gross Debit/Shareholder's equity</td> <td> </td> <td id="xdx_989_ecustom--GrossDebitperShareholdersEquity_iI_pip0_c20251231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zUn8WeMS7fi1" style="text-align: right" title="Gross Debit/Shareholder's equity"> 3.36</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--GrossDebitperShareholdersEquity_iI_pip0_c20241231__ifrs-full--TypesOfRisksAxis__custom--CapitalManagementMember_zPxDiJMSdl99" style="text-align: right" title="Gross Debit/Shareholder's equity"> 3.68</td></tr> </table> 15736350000 15459116000 52924547000 56914621000 3.36 3.68 <p id="xdx_802_ecustom--DisclosureOfLeaseLiabilitiesExplanatory_zzhjiT074uy7" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>16.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_825_z3iKHAQ4b3y2">LEASE LIABILITIES</span></b></span></td></tr></table> <p style="font: 10pt/115% Arial,sans-serif; margin: 0 0 0 0.25in; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">The lease liabilities are presented below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfLeaseLiabilitiesTableTextBlock_zTF2p8vIFU3e" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details)"> <tr style="vertical-align: middle"> <td><span id="xdx_8BD_zYXoLzW60tH8" style="display: none">Schedule of lease liabilities</span></td> <td id="xdx_496_20251231_zXoFqULRX5Ai" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_491_20241231_z9UwBhiX70s8" style="text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 58%"> </td> <td style="width: 20%"> </td> <td style="width: 2%"> </td> <td style="font-weight: bold; text-align: right; width: 20%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td></tr> <tr id="xdx_405_eifrs-full--GrossLeaseLiabilities_iI_pn3n3_zzO0FmUKk77f" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Leases</td> <td style="text-align: right">2,469,723</td> <td style="text-align: right"> </td> <td style="text-align: right">2,122,768</td></tr> <tr id="xdx_407_ecustom--PresentValueAdjustmentLeasesLiabilities_iI_pn3n3_zH95cvxu3Fne" style="vertical-align: middle; background-color: White"> <td>Adjusted present value - Leases</td> <td style="text-align: right"> (1,375,984)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (1,282,463)</td></tr> <tr id="xdx_408_eifrs-full--LeaseLiabilities_iI_pn3n3_zKs9P5VuDh71" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td><b style="display: none">Total Leases</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,093,739</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 840,305</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40C_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_zNubln2LrYxb" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Current</td> <td style="text-align: right"> 238,702</td> <td style="text-align: right"> </td> <td style="text-align: right"> 206,323</td></tr> <tr id="xdx_40A_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_zumAUY0VebP1" style="vertical-align: middle; background-color: White"> <td>Non-current</td> <td style="text-align: right"> 855,037</td> <td style="text-align: right"> </td> <td style="text-align: right"> 633,982</td></tr> <tr id="xdx_403_eifrs-full--LeaseLiabilities_iI_pn3n3_zZUq3dm9Kaa3" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td><b style="display: none">Total Leases</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,093,739</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 840,305</td></tr> </table> <p id="xdx_8AD_zEzc6d9DbGL4" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">The Company has port terminal lease contracts in Itaguaí: the Solid Bulk Terminal (Tecar), used for loading and unloading iron ore and other materials, and the Container Terminal (Tecon), with remaining terms of <span id="xdx_90D_ecustom--LeaseAgreementRemainingTerm_dtY_c20250101__20251231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--CargoTerminalTECONMember_zwMmS7a6Hhg" title="Lease agreement remaining term">22</span> and <span id="xdx_901_ecustom--LeaseAgreementRemainingTerm_dtY_c20250101__20251231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--CargoTerminalTECONMember_zr9G7s989mW7" title="Lease agreement remaining term">25</span> years, respectively. It also has a lease contract for railway operations using the Northeast network with a remaining term of <span id="xdx_909_ecustom--LeaseAgreementRemainingTerm_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--RailwayOperationMember_zkYW2A3fv6ue" title="Lease agreement remaining term">2</span> years, and a land lease contract in Taubaté, São Paulo, for the expansion of operations in the Steel segment with a remaining term of <span id="xdx_90B_ecustom--LeaseAgreementRemainingTerm_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--SteelSegmentMember_zoNoxcWBXjz1" title="Lease agreement remaining term">17</span> years.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">Additionally, the Company has leasing contracts for operational equipment, mainly used in mining, cement, and steel operations, and properties used as operational facilities and administrative and sales offices in various locations where the Company operates, with remaining terms of <span id="xdx_90E_ecustom--LeaseAgreementRemainingTerm_dtY_c20250101__20251231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--OperationalFacilitiesMember_zcf3BoPysyyf" title="Lease agreement remaining term">1</span> to <span id="xdx_90D_ecustom--LeaseAgreementRemainingTerm_dtY_c20250101__20251231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--OperationalFacilitiesMember_zp3WQkr1VG25" title="Lease agreement remaining term">19</span> years.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">The present value of future obligations was measured using the implicit rate observed in the contracts, and for contracts that did not have a rate, the Company applied the incremental rate of loans, both in nominal terms.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">The average rates used in measuring new lease liabilities in the consolidated is demonstrated in the table below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89C_ecustom--ScheduleOfAverageRatesTableTextBlock_zDSVDSRq0rJ4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details 1)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"><span id="xdx_8B0_z2uRDQ8edORb" style="display: none">Schedule of average rates</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font: bold 10pt Arial, sans-serif; text-align: center; width: 46%"> </td> <td style="font: bold 10pt Arial, sans-serif; width: 2%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 52%">12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Contract term (in years)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Incremental Rate (p.a.)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"> 1</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><span id="xdx_90F_ecustom--AverageIncrementalRate_pip0_dp_c20250101__20251231__ifrs-full--MaturityAxis__custom--ContractTermOneMember_zsqajOaV02re" title="Average increment rate">16.04</span>%</td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"> 2</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><span id="xdx_900_ecustom--AverageIncrementalRate_pip0_dp_c20250101__20251231__ifrs-full--MaturityAxis__custom--ContractTermTwoMember_zn27sJcI13t" title="Average increment rate">15.56</span>%</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"> 3</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><span id="xdx_908_ecustom--AverageIncrementalRate_pip0_dp_c20250101__20251231__ifrs-full--MaturityAxis__custom--ContractTermThreeMember_zzBIh0mTaGTg" title="Average increment rate">15.09</span>%</td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"> 5</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><span id="xdx_90D_ecustom--AverageIncrementalRate_pip0_dp_c20250101__20251231__ifrs-full--MaturityAxis__custom--ContractTermFourMember_zNG9EurK27Qh" title="Average increment rate">11.14</span>%</td></tr> </table> <p id="xdx_8A2_zCISJLszKkbf" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">The reconciliation of lease liabilities is shown in the table below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfMovementOfLeaseLiabilitiesTableTextBlock_zAApov1bhvjl" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details 2)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B7_zSSjuNFv3C4e" style="display: none">Schedule of reconciliation of lease liabilities</span></td> <td style="text-align: center"> </td> <td id="xdx_495_20250101__20251231_zPNk51x510m7" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_490_20240101__20241231_zdAd9KoxhXrb" style="text-align: center"> </td></tr> <tr> <td style="vertical-align: middle; width: 59%"> </td> <td style="vertical-align: middle; text-align: center; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 14%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 17%">Consolidated</td></tr> <tr> <td style="vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr id="xdx_408_eifrs-full--LeaseLiabilities_iS_pn3n3_zQmVAB1OV7Y2" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Opening balance</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> 840,305</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">733,761</td></tr> <tr id="xdx_400_ecustom--LeaseLiabilitiesNewLeases_pn3n3_zozIrbIO56D" style="vertical-align: middle; background-color: White"> <td>New leases</td> <td style="text-align: center"> </td> <td style="text-align: right"> 72,305</td> <td style="text-align: right"> </td> <td style="text-align: right">14,117</td></tr> <tr id="xdx_400_ecustom--LeaseLiabilitiesContractReview_pn3n3_zvLYBeWltera" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Contract review</td> <td style="text-align: center"> </td> <td style="text-align: right"> 244,543</td> <td style="text-align: right"> </td> <td style="text-align: right">285,533</td></tr> <tr id="xdx_40C_ecustom--LeaseLiabilitiesWriteoff_pn3n3_zTrFOk29HPjg" style="vertical-align: middle; background-color: White"> <td>Write-off</td> <td style="text-align: center"> </td> <td style="text-align: right">(12,050)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (915)</td></tr> <tr id="xdx_40B_ecustom--LeaseLiabilitiesPayments_pn3n3_z4I9LBTgoeo9" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Payments</td> <td style="text-align: center"> </td> <td style="text-align: right">(371,467)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (308,201)</td></tr> <tr id="xdx_40F_ecustom--LeaseLiabilitiesInterestAppropriated_pn3n3_z2PpmKmDnYtb" style="vertical-align: middle; background-color: White"> <td>Interest appropriated</td> <td style="text-align: center"> </td> <td style="text-align: right"> 115,529</td> <td style="text-align: right"> </td> <td style="text-align: right">99,998</td></tr> <tr id="xdx_406_ecustom--AcquisitionsOfStakeInSubsidiaries_pn3n3_zlnLydJc48ke" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Acquisition of stakes in subsidiaries</td> <td style="vertical-align: bottom; text-align: center">3</td> <td style="vertical-align: middle; text-align: right"> 209,178</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td></tr> <tr id="xdx_403_ecustom--ExchangeVariations_pn3n3_zlyCRMGn4ZJ7" style="vertical-align: middle; background-color: White"> <td>Exchange variation</td> <td style="text-align: center"> </td> <td style="text-align: right"> (4,604)</td> <td style="text-align: right"> </td> <td style="text-align: right">16,012</td></tr> <tr id="xdx_401_eifrs-full--LeaseLiabilities_iE_pn3n3_zJyvmJL9mSS5" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold">Net balance</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,093,739</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">840,305</td></tr> </table> <p id="xdx_8AA_zzFkQztQbzr5" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">The estimated future minimum payments for the lease agreements include determinable variable payments, which are certain to occur, based on minimum performance and contractually fixed rates.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">As of December 31, 2025, the expected payments are the following:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfEstimatedFutureMinimumPaymentsForLeaseAgreementsTableTextBlock_z5gFdKL4des4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details 3)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B7_z2R6HbM1LUcc" style="display: none">Schedule of expected minimum payments</span></td> <td id="xdx_49E_20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_ztpcjrvF2rH8" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49F_20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanFiveYearsMember_zbcyHfxPQ0Fd" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49E_20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zPWRq1w2GSGj" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49B_20251231_zA8MMNpCDf35" style="text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 33%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; text-align: right; width: 16%"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; text-align: right; width: 16%"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; text-align: right; width: 16%"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 16%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> Less than one year </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> Between one and five years </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> Over five years </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> Total </td></tr> <tr id="xdx_401_eifrs-full--GrossLeaseLiabilities_iI_pn3n3_zKQO1e0jGAhf" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td> Leases </td> <td style="text-align: right">267,053</td> <td style="text-align: right"> </td> <td style="text-align: right">801,602</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,401,068</td> <td style="text-align: right"> </td> <td style="text-align: right"> 2,469,723</td></tr> <tr id="xdx_40B_ecustom--PresentValueAdjustmentLeasesLiabilities_iI_pn3n3_zHrOi0qIt3mk" style="vertical-align: bottom; background-color: White"> <td> Adjusted present value - Leases </td> <td style="text-align: right"> (28,351)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (351,210)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (996,423)</td> <td style="text-align: right"> </td> <td style="text-align: right">(1,375,984)</td></tr> <tr id="xdx_40F_eifrs-full--LeaseLiabilities_iI_pn3n3_ziFJau138z44" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom; text-align: left"><b style="display: none">Total lease liabilities</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right">238,702</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right">450,392</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right">404,645</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> 1,093,739</td></tr> </table> <p id="xdx_8AE_znFhZvL2zCp3" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Courier New; width: 100%; margin-top: 0; margin-bottom: 0; background-color: white"><tr style="vertical-align: top"> <td style="width: 2.85pt"></td><td style="width: 22.65pt"><span style="font-family: Symbol">·</span></td><td><span style="font-family: Helvetica light,serif"><b>Recoverable PIS/COFINS</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">Lease liabilities were measured at the amount of consideration with suppliers, that is, without considering the tax credits incurred after payment. The potential right of PIS and COFINS embedded in the lease liability is shown below.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfRecoverablePisCofinsTableTextBlock_zc1kjoEKWUy6" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details 4)"> <tr style="vertical-align: middle"> <td><span id="xdx_8BF_zbFXjeNlF7K3" style="display: none">Schedule of recoverable PIS and COFINS</span></td> <td id="xdx_492_20251231_zT3oVBgrweZc" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_497_20241231_z7A6nRNdcXW1" style="text-align: center"> </td></tr> <tr> <td style="color: #333333; vertical-align: middle; width: 63%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 16%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 20%">Consolidated</td></tr> <tr> <td style="color: #333333; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr id="xdx_40B_ecustom--LeaseLiabilityOne_iI_pn3n3_zxTzQWJqT03j" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Leases</td> <td style="text-align: right"> 2,376,597</td> <td style="text-align: right"> </td> <td style="text-align: right"> 2,040,811</td></tr> <tr id="xdx_408_ecustom--LeaseLiabilitiesPresentValueAdjustmentsOne_iI_pn3n3_ze0RdIBpPtM5" style="vertical-align: middle; background-color: White"> <td>Adjusted present value - Leases</td> <td style="text-align: right">(1,371,252)</td> <td style="text-align: right"> </td> <td style="text-align: right">(1,279,742)</td></tr> <tr id="xdx_40E_ecustom--LeaseLiabilitiesPotencialPISAndCOFINSCredit_iI_pn3n3_zOJejOKPDrc9" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Potencial PIS and COFINS credit</td> <td style="text-align: right">219,835</td> <td style="text-align: right"> </td> <td style="text-align: right">188,775</td></tr> <tr id="xdx_40B_ecustom--LeaseLiabilitiesPresentValueAdjustmentsleasesPISAndCOFINSCredit_iI_pn3n3_zjPToDNI6mpf" style="vertical-align: middle; background-color: White"> <td>Adjusted present value – Potential PIS and COFINS credit</td> <td style="text-align: right"> (126,841)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (118,376)</td></tr> </table> <p id="xdx_8AE_zY2GytLJOWye" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Courier New; width: 100%; margin-top: 0; margin-bottom: 0; background-color: white"><tr style="vertical-align: top"> <td style="width: 2.85pt"></td><td style="width: 22.65pt"><span style="font-family: Symbol">·</span></td><td><span style="font-family: Helvetica light,serif"><b>Lease payments not recognized as a liability:</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">The Company chose not to recognize lease liabilities in contracts with a term of less than 12 months and for low value assets. Payments made for these contracts are recognized as expenses when incurred.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">The Company has contracts for the right to use ports (Tecar and Tecon) and railways (FTL), which, even if they establish minimum performance, it is not possible to determine its cash flow since these payments are fully variable and will only be known when they occur. In such cases, payments will be recognized as expenses when incurred.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">The expenses related to payments not included in the measurement of the lease liability during the year are:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfMeasurementOfLeaseLiabilityTableTextBlock_zcuIX4wUkJWi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details 5)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B3_zc6vwrgvQQg" style="display: none">Schedule of measurement of the lease liability</span></td> <td id="xdx_496_20250101__20251231_zdrY4eOzKVU2" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_496_20240101__20241231_zc4BYHjEtaYf" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_490_20230101__20231231_znikotvFb2uh" style="vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 40%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 25%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 17%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 16%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2023</td></tr> <tr id="xdx_405_eifrs-full--ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed_pn3n3_zG5oTqzIFaZd" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom"> Contract less than 12 months </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">880</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 3,746</td></tr> <tr id="xdx_404_eifrs-full--ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed_pn3n3_zXIqcozKuR4i" style="background-color: White"> <td style="vertical-align: bottom"> Lower Assets value </td> <td style="vertical-align: middle; text-align: right"> 13,161</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 11,455</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 14,986</td></tr> <tr id="xdx_402_eifrs-full--ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities_pn3n3_zuLJx26toM0h" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom"> Variable lease payments </td> <td style="vertical-align: middle; text-align: right"> 355,769</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">355,359</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">411,996</td></tr> <tr id="xdx_407_ecustom--ExpenseRelatingToPaymentsNotIncludedInMeasurementOfLeaseLiabilities_pn3n3_zFpaTd88I4y5" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left"><b style="display: none">Total</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 368,930</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">367,694</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">430,728</td></tr> </table> <p id="xdx_8A6_zNNFI8oAphL4" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">When entering into an agreement, the Company assesses whether the agreement is, or contains, a lease. The lease is characterized by rental or transmission of right of use for a determined time in exchange for monthly payments. The leased asset must be clearly specified.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company determines in the initial recognition the lease term or non-cancellable term, which will be used in the measurement of the right of use and the lease liability. The lease term will be reassessed by the Company when a significant event or significant change in circumstances occurs that is in the control of the lessee and affects the non-cancellable term. The Company adopts an exemption from recognition, as provided for in the standard, for the lesser of contracts with terms of less than 12 (twelve) months, or whose underlying asset object of the contract is of low value.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On the commencement date, the Company recognizes the right-of-use asset and the lease liability at present value. The right-of-use asset must be measured at cost. The cost includes the lease liability, initial costs, prepayments, estimated costs to dismantle, remove, or restore. The lease liability is measured at the start date by the Company at the present value of lease payments made on that date. Payments are discounted at the interest rate implicit in the lease, or if the rate cannot be determined, an incremental rate will be used on the Company's loan.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">For contracts that the Company determines the business rate, it is understood that this rate is the rate implied in nominal terms and to which it is applied in discounting the flow of future payments. For contracts without a fixed interest rate, the Company applied the incremental borrowing rate obtained through consultations with the banks with which it has a relationship, adjusted for the forecast inflation for the next few years.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">For the subsequent measurement, the cost method for the right-of-use asset is used and the requirements of IAS 16 – Property, plant and equipment are applied in depreciation. However, for the purpose of depreciation, the Company determines the use of the straight-line method based on the remaining useful life of the assets or for the term of the contract, whichever is shorter.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The effects of PIS and COFINS to recovered generated after the effective payment of the obligations will be recorded as a reduction of the depreciation expenses of the right of use and the financial expenses recognized monthly.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">IAS 36 – Impairment of Assets will also be applied to determine whether the right of use asset has impairment problems and to account for any identified impairment loss.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In accordance with the guidelines of IFRS 16, the Company uses the discounted cash flow technique in the measurement and remeasurement of lease and right of use liabilities, without considering the inflation projected in the flows to be discounted.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfLeaseLiabilitiesTableTextBlock_zTF2p8vIFU3e" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details)"> <tr style="vertical-align: middle"> <td><span id="xdx_8BD_zYXoLzW60tH8" style="display: none">Schedule of lease liabilities</span></td> <td id="xdx_496_20251231_zXoFqULRX5Ai" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_491_20241231_z9UwBhiX70s8" style="text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 58%"> </td> <td style="width: 20%"> </td> <td style="width: 2%"> </td> <td style="font-weight: bold; text-align: right; width: 20%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td></tr> <tr id="xdx_405_eifrs-full--GrossLeaseLiabilities_iI_pn3n3_zzO0FmUKk77f" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Leases</td> <td style="text-align: right">2,469,723</td> <td style="text-align: right"> </td> <td style="text-align: right">2,122,768</td></tr> <tr id="xdx_407_ecustom--PresentValueAdjustmentLeasesLiabilities_iI_pn3n3_zH95cvxu3Fne" style="vertical-align: middle; background-color: White"> <td>Adjusted present value - Leases</td> <td style="text-align: right"> (1,375,984)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (1,282,463)</td></tr> <tr id="xdx_408_eifrs-full--LeaseLiabilities_iI_pn3n3_zKs9P5VuDh71" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td><b style="display: none">Total Leases</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,093,739</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 840,305</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40C_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_zNubln2LrYxb" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Current</td> <td style="text-align: right"> 238,702</td> <td style="text-align: right"> </td> <td style="text-align: right"> 206,323</td></tr> <tr id="xdx_40A_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_zumAUY0VebP1" style="vertical-align: middle; background-color: White"> <td>Non-current</td> <td style="text-align: right"> 855,037</td> <td style="text-align: right"> </td> <td style="text-align: right"> 633,982</td></tr> <tr id="xdx_403_eifrs-full--LeaseLiabilities_iI_pn3n3_zZUq3dm9Kaa3" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td><b style="display: none">Total Leases</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,093,739</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 840,305</td></tr> </table> 2469723000 2122768000 -1375984000 -1282463000 1093739000 840305000 238702000 206323000 855037000 633982000 1093739000 840305000 P22Y P25Y P2Y P17Y P1Y P19Y <table border="0" cellpadding="0" cellspacing="0" id="xdx_89C_ecustom--ScheduleOfAverageRatesTableTextBlock_zDSVDSRq0rJ4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details 1)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"><span id="xdx_8B0_z2uRDQ8edORb" style="display: none">Schedule of average rates</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font: bold 10pt Arial, sans-serif; text-align: center; width: 46%"> </td> <td style="font: bold 10pt Arial, sans-serif; width: 2%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 52%">12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Contract term (in years)</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Incremental Rate (p.a.)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"> 1</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><span id="xdx_90F_ecustom--AverageIncrementalRate_pip0_dp_c20250101__20251231__ifrs-full--MaturityAxis__custom--ContractTermOneMember_zsqajOaV02re" title="Average increment rate">16.04</span>%</td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"> 2</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><span id="xdx_900_ecustom--AverageIncrementalRate_pip0_dp_c20250101__20251231__ifrs-full--MaturityAxis__custom--ContractTermTwoMember_zn27sJcI13t" title="Average increment rate">15.56</span>%</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"> 3</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><span id="xdx_908_ecustom--AverageIncrementalRate_pip0_dp_c20250101__20251231__ifrs-full--MaturityAxis__custom--ContractTermThreeMember_zzBIh0mTaGTg" title="Average increment rate">15.09</span>%</td></tr> <tr style="background-color: White"> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"> 5</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><span id="xdx_90D_ecustom--AverageIncrementalRate_pip0_dp_c20250101__20251231__ifrs-full--MaturityAxis__custom--ContractTermFourMember_zNG9EurK27Qh" title="Average increment rate">11.14</span>%</td></tr> </table> 0.1604 0.1556 0.1509 0.1114 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfMovementOfLeaseLiabilitiesTableTextBlock_zAApov1bhvjl" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details 2)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B7_zSSjuNFv3C4e" style="display: none">Schedule of reconciliation of lease liabilities</span></td> <td style="text-align: center"> </td> <td id="xdx_495_20250101__20251231_zPNk51x510m7" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_490_20240101__20241231_zdAd9KoxhXrb" style="text-align: center"> </td></tr> <tr> <td style="vertical-align: middle; width: 59%"> </td> <td style="vertical-align: middle; text-align: center; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 14%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 17%">Consolidated</td></tr> <tr> <td style="vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr id="xdx_408_eifrs-full--LeaseLiabilities_iS_pn3n3_zQmVAB1OV7Y2" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Opening balance</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> 840,305</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">733,761</td></tr> <tr id="xdx_400_ecustom--LeaseLiabilitiesNewLeases_pn3n3_zozIrbIO56D" style="vertical-align: middle; background-color: White"> <td>New leases</td> <td style="text-align: center"> </td> <td style="text-align: right"> 72,305</td> <td style="text-align: right"> </td> <td style="text-align: right">14,117</td></tr> <tr id="xdx_400_ecustom--LeaseLiabilitiesContractReview_pn3n3_zvLYBeWltera" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Contract review</td> <td style="text-align: center"> </td> <td style="text-align: right"> 244,543</td> <td style="text-align: right"> </td> <td style="text-align: right">285,533</td></tr> <tr id="xdx_40C_ecustom--LeaseLiabilitiesWriteoff_pn3n3_zTrFOk29HPjg" style="vertical-align: middle; background-color: White"> <td>Write-off</td> <td style="text-align: center"> </td> <td style="text-align: right">(12,050)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (915)</td></tr> <tr id="xdx_40B_ecustom--LeaseLiabilitiesPayments_pn3n3_z4I9LBTgoeo9" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Payments</td> <td style="text-align: center"> </td> <td style="text-align: right">(371,467)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (308,201)</td></tr> <tr id="xdx_40F_ecustom--LeaseLiabilitiesInterestAppropriated_pn3n3_z2PpmKmDnYtb" style="vertical-align: middle; background-color: White"> <td>Interest appropriated</td> <td style="text-align: center"> </td> <td style="text-align: right"> 115,529</td> <td style="text-align: right"> </td> <td style="text-align: right">99,998</td></tr> <tr id="xdx_406_ecustom--AcquisitionsOfStakeInSubsidiaries_pn3n3_zlnLydJc48ke" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Acquisition of stakes in subsidiaries</td> <td style="vertical-align: bottom; text-align: center">3</td> <td style="vertical-align: middle; text-align: right"> 209,178</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td></tr> <tr id="xdx_403_ecustom--ExchangeVariations_pn3n3_zlyCRMGn4ZJ7" style="vertical-align: middle; background-color: White"> <td>Exchange variation</td> <td style="text-align: center"> </td> <td style="text-align: right"> (4,604)</td> <td style="text-align: right"> </td> <td style="text-align: right">16,012</td></tr> <tr id="xdx_401_eifrs-full--LeaseLiabilities_iE_pn3n3_zJyvmJL9mSS5" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold">Net balance</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,093,739</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">840,305</td></tr> </table> 840305000 733761000 72305000 14117000 244543000 285533000 -12050000 -915000 -371467000 -308201000 115529000 99998000 209178000 -4604000 16012000 1093739000 840305000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfEstimatedFutureMinimumPaymentsForLeaseAgreementsTableTextBlock_z5gFdKL4des4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details 3)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B7_z2R6HbM1LUcc" style="display: none">Schedule of expected minimum payments</span></td> <td id="xdx_49E_20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_ztpcjrvF2rH8" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49F_20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanFiveYearsMember_zbcyHfxPQ0Fd" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49E_20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zPWRq1w2GSGj" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49B_20251231_zA8MMNpCDf35" style="text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 33%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; text-align: right; width: 16%"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; text-align: right; width: 16%"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; text-align: right; width: 16%"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 16%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> Less than one year </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> Between one and five years </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> Over five years </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> Total </td></tr> <tr id="xdx_401_eifrs-full--GrossLeaseLiabilities_iI_pn3n3_zKQO1e0jGAhf" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td> Leases </td> <td style="text-align: right">267,053</td> <td style="text-align: right"> </td> <td style="text-align: right">801,602</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,401,068</td> <td style="text-align: right"> </td> <td style="text-align: right"> 2,469,723</td></tr> <tr id="xdx_40B_ecustom--PresentValueAdjustmentLeasesLiabilities_iI_pn3n3_zHrOi0qIt3mk" style="vertical-align: bottom; background-color: White"> <td> Adjusted present value - Leases </td> <td style="text-align: right"> (28,351)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (351,210)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (996,423)</td> <td style="text-align: right"> </td> <td style="text-align: right">(1,375,984)</td></tr> <tr id="xdx_40F_eifrs-full--LeaseLiabilities_iI_pn3n3_ziFJau138z44" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom; text-align: left"><b style="display: none">Total lease liabilities</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right">238,702</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right">450,392</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right">404,645</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> 1,093,739</td></tr> </table> 267053000 801602000 1401068000 2469723000 -28351000 -351210000 -996423000 -1375984000 238702000 450392000 404645000 1093739000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfRecoverablePisCofinsTableTextBlock_zc1kjoEKWUy6" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details 4)"> <tr style="vertical-align: middle"> <td><span id="xdx_8BF_zbFXjeNlF7K3" style="display: none">Schedule of recoverable PIS and COFINS</span></td> <td id="xdx_492_20251231_zT3oVBgrweZc" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_497_20241231_z7A6nRNdcXW1" style="text-align: center"> </td></tr> <tr> <td style="color: #333333; vertical-align: middle; width: 63%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 16%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 20%">Consolidated</td></tr> <tr> <td style="color: #333333; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr id="xdx_40B_ecustom--LeaseLiabilityOne_iI_pn3n3_zxTzQWJqT03j" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Leases</td> <td style="text-align: right"> 2,376,597</td> <td style="text-align: right"> </td> <td style="text-align: right"> 2,040,811</td></tr> <tr id="xdx_408_ecustom--LeaseLiabilitiesPresentValueAdjustmentsOne_iI_pn3n3_ze0RdIBpPtM5" style="vertical-align: middle; background-color: White"> <td>Adjusted present value - Leases</td> <td style="text-align: right">(1,371,252)</td> <td style="text-align: right"> </td> <td style="text-align: right">(1,279,742)</td></tr> <tr id="xdx_40E_ecustom--LeaseLiabilitiesPotencialPISAndCOFINSCredit_iI_pn3n3_zOJejOKPDrc9" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Potencial PIS and COFINS credit</td> <td style="text-align: right">219,835</td> <td style="text-align: right"> </td> <td style="text-align: right">188,775</td></tr> <tr id="xdx_40B_ecustom--LeaseLiabilitiesPresentValueAdjustmentsleasesPISAndCOFINSCredit_iI_pn3n3_zjPToDNI6mpf" style="vertical-align: middle; background-color: White"> <td>Adjusted present value – Potential PIS and COFINS credit</td> <td style="text-align: right"> (126,841)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (118,376)</td></tr> </table> 2376597000 2040811000 -1371252000 -1279742000 219835000 188775000 -126841000 -118376000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfMeasurementOfLeaseLiabilityTableTextBlock_zcuIX4wUkJWi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - LEASE LIABILITIES (Details 5)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B3_zc6vwrgvQQg" style="display: none">Schedule of measurement of the lease liability</span></td> <td id="xdx_496_20250101__20251231_zdrY4eOzKVU2" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_496_20240101__20241231_zc4BYHjEtaYf" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_490_20230101__20231231_znikotvFb2uh" style="vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 40%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 25%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 17%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 16%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2023</td></tr> <tr id="xdx_405_eifrs-full--ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed_pn3n3_zG5oTqzIFaZd" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom"> Contract less than 12 months </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">880</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 3,746</td></tr> <tr id="xdx_404_eifrs-full--ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed_pn3n3_zXIqcozKuR4i" style="background-color: White"> <td style="vertical-align: bottom"> Lower Assets value </td> <td style="vertical-align: middle; text-align: right"> 13,161</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 11,455</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 14,986</td></tr> <tr id="xdx_402_eifrs-full--ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities_pn3n3_zuLJx26toM0h" style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom"> Variable lease payments </td> <td style="vertical-align: middle; text-align: right"> 355,769</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">355,359</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">411,996</td></tr> <tr id="xdx_407_ecustom--ExpenseRelatingToPaymentsNotIncludedInMeasurementOfLeaseLiabilities_pn3n3_zFpaTd88I4y5" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left"><b style="display: none">Total</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 368,930</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">367,694</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">430,728</td></tr> </table> 880000 3746000 13161000 11455000 14986000 355769000 355359000 411996000 368930000 367694000 430728000 <p id="xdx_804_ecustom--DisclosureOfTradePayablesExplanatory_zvbRtWo8PQbc" style="font: 10pt/115% Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify; text-indent: -17.85pt"><span style="font-family: Helvetica light,serif"><b>17.</b></span><b><span style="font-family: Times New Roman; font-size: 7pt">   </span><span style="font-family: Helvetica light,serif"><span id="xdx_82C_zvjWbg90Fhl2">TRADE PAYABLES</span></span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfTradePayablesTableTextBlock_zftsuws4qdf9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE PAYABLES (Details)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B1_zSzuh5JoKGyg" style="display: none">Schedule of trade payables</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 56%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 20%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 23%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Trade payables</td> <td id="xdx_98F_eifrs-full--TradeAndOtherPayablesToTradeSuppliers_pn3n3_c20251231_zdFs3exQDgRa" style="text-align: right" title="Trade payables"> 7,323,417</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--TradeAndOtherPayablesToTradeSuppliers_iI_pn3n3_c20241231_zTmlkJY519S6" style="text-align: right" title="Trade payables"> 7,172,161</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>(-) Adjusted present value</td> <td id="xdx_98E_ecustom--AdjustmentPresentValue_iI_pn3n3_c20251231_zMTVsttdsw8c" style="text-align: right" title="(-) Adjustment present value"> (93,681)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--AdjustmentPresentValue_iI_pn3n3_c20241231_z62nVWlnUQL1" style="text-align: right" title="(-) Adjustment present value">(98,164)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td id="xdx_989_eifrs-full--TradeAndOtherPayables_pn3n3_c20251231_zVAbITZ6fOxd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payable, net"> 7,229,736</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--TradeAndOtherPayables_iI_pn3n3_c20241231_zzeNSocWUvzd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payable, net"> 7,073,997</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Current</td> <td id="xdx_983_ecustom--TradeAndOtherCurrentPayable_iI_pn3n3_c20251231_zXTQo1e5bCSd" style="text-align: right" title="Current"> 7,162,929</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--TradeAndOtherCurrentPayable_iI_pn3n3_c20241231_z6uqYZxZeXta" style="text-align: right" title="Current"> 7,030,734</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Non-current</td> <td id="xdx_98B_ecustom--TradeAndOtherNonCurrentPayables_iI_pn3n3_c20251231_zL098HpEGDyi" style="text-align: right" title="Non-current">66,807</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--TradeAndOtherNonCurrentPayables_iI_pn3n3_c20241231_zYN5mVZCqNT4" style="text-align: right" title="Non-current"> 43,263</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td id="xdx_98A_eifrs-full--TradeAndOtherPayables_iI_pn3n3_c20251231_zxBPTIPl6wAf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payable, net"> 7,229,736</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--TradeAndOtherPayables_iI_pn3n3_c20241231_zqZENwtVMiC8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payable, net"> 7,073,997</td></tr> </table> <p id="xdx_8A6_z8tTXg3Vhsn1" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>17.a) Trade payables – Forfaiting </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfTradePayablesForfeitingTableTextBlock_zbxHIQJY7vx2" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE PAYABLES (Details 1)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B5_z29lVej80FV4" style="display: none">Schedule of trade payable forfeiting</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right; width: 55%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 23%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 21%">Consolidated</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2024</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">In Brazil</td> <td id="xdx_98D_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--BRMember_zi6fBcZYbKU" style="vertical-align: middle; text-align: right" title="Trade payables"> 2,231,266</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--TradePayables_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--BRMember_zwHBqWEG9jvi" style="vertical-align: middle; text-align: right" title="Trade payables"> 2,159,399</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Abroad</td> <td id="xdx_98C_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--AbroadMember_zA0dD7Ja6Kj7" style="vertical-align: middle; text-align: right" title="Trade payables">673,752</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--TradePayables_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--AbroadMember_znXWjMC8fK" style="vertical-align: middle; text-align: right" title="Trade payables">743,194</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td id="xdx_985_ecustom--TradePayables_iI_pn3n3_c20251231_zmqhi59kGrvg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payables"> 2,905,018</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--TradePayables_iI_pn3n3_c20241231_zO5NclVKAaC6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payables"> 2,902,593</td></tr> </table> <p id="xdx_8A0_z0POAS1eBUG4" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company discloses and classifies in a specific group its forfaiting operations with suppliers where the nature of the securities continues to be part of the Company's operating cycle. These transactions are negotiated with financial institutions to enable the Company's suppliers to anticipate receivables arising from sales of goods and, consequently, to extend the payment terms of the Company's own obligations. The terms of these operations range from 180 days to 360 days.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company maintained a balance of R$ <span id="xdx_90E_ecustom--TradePayables_iI_pn3n3_c20251231_zpvZPIMaKo7g" title="Trade payables">2,905,018</span> and R$ <span id="xdx_906_ecustom--TradePayables_iI_pn3n3_c20241231_zNEvGtQbFAyd" title="Trade payables">2,902,593</span> in the Consolidated as of December 31, 2025, and December 31, 2024, respectively. The term of these operations ranges from 180 days to 360 days</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The table below provides a comparison of invoice payment terms with and without reverse forfaiting operations, dealing only with merchandise acquisitions, for the base date of December 31, 2025:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfComparisonOfInvoicePaymentsTableTextBlock_zXyyIO8e6pd5" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE PAYABLES (Details 2)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B0_zpi6fIjSXEg1" style="display: none">Schedule of trade payable payment terms</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; width: 55%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 23%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 21%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Trade payables</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Forfaiting</td> <td style="color: #333333"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">NoForfaiting</td></tr> <tr> <td style="vertical-align: bottom">Due between 1 and 180 days</td> <td id="xdx_984_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanOneMonthNotLaterThanSixMonthsMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--ForfaitingMember_zGwnOAvd6Vrf" style="vertical-align: bottom; text-align: right" title="Trade payables"> 2,128,326</td> <td style="color: #333333; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanOneMonthNotLaterThanSixMonthsMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--NotForfaitingMember_zxlTaj9TYtR7" style="vertical-align: bottom; text-align: right" title="Trade payables"> 5,275,445</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Due between 181 to 360 days</td> <td id="xdx_980_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanSixMonthsNotLaterThanOneYearMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--ForfaitingMember_z5WP1wn0SUgd" style="vertical-align: bottom; text-align: right" title="Trade payables">776,692</td> <td style="color: #333333; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanSixMonthsNotLaterThanOneYearMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--NotForfaitingMember_z1jHo3JoUJR2" style="vertical-align: bottom; text-align: right" title="Trade payables"> 1,887,484</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Over 360 days</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98B_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--NotForfaitingMember_zGuQrjerRb23" style="vertical-align: bottom; text-align: right" title="Trade payables"> 66,807</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Total</td> <td id="xdx_980_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--ForfaitingMember_zZLPNfEk63R3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payables"> 2,905,018</td> <td style="color: #333333"> </td> <td id="xdx_98B_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--NotForfaitingMember_zIrYDYxNW6Yk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payables"> 7,229,736</td></tr> </table> <p id="xdx_8A0_zpV75hxE3Wy9" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Impact of variations without effect on cash as of December 31, 2025:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfImpactOfVariationsTableTextBlock_z40YIYSYrKkd" style="width: 100%; border-collapse: collapse" summary="xdx: Disclosure - TRADE PAYABLES (Details 3)"> <tr style="vertical-align: bottom"> <td style="font: 10pt Arial, sans-serif; width: 71%"><span id="xdx_8B1_ztTyFcFE3bda" style="display: none">Schedule of trade payable impact of variations</span></td> <td id="xdx_491_20250101__20251231_z10hqezf1wMk" style="font: 10pt Arial, sans-serif; text-align: center; width: 29%"> </td></tr> <tr> <td style="font: 8pt Helvetica light; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font: bold 8pt Helvetica light; vertical-align: middle; text-align: right">Consolidated</td></tr> <tr id="xdx_40E_ecustom--ExchangeVariation_zCTOx1nnH3dc" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font: 8pt Helvetica light">Exchange variation</td> <td style="font: 8pt Helvetica light; text-align: right">2,751</td></tr> <tr id="xdx_405_ecustom--InterestAppropriation_z0daymoHVwG9" style="vertical-align: bottom; background-color: White"> <td style="font: 8pt Helvetica light">Interest Appropriation</td> <td style="font: 8pt Helvetica light; text-align: right">13,998</td></tr> <tr id="xdx_403_ecustom--TotalImpactOfVariations_zamAXLtRCoFf" style="background-color: rgb(220,230,241)"> <td style="font: bold 8pt Helvetica light; vertical-align: middle">Total</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font: bold 8pt Helvetica light; vertical-align: bottom; text-align: right">16,749</td></tr> </table> <p id="xdx_8A6_zg57Anu88upc" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Trade payables</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">They are initially recognized at fair value, and subsequently measured at amortized cost, using the effective interest rate method, and brought to present value when applicable on the date of the transactions, based on the Company's estimated cost of capital rate.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Forfaiting</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company classifies financial liabilities arising from financing agreements with suppliers under a specific line item in the balance sheet. This is the case when the financing agreement with suppliers is part of the working capital used in the Company's normal operating cycle and the terms of the liabilities that are part of the supply chain financing agreement are not substantially different from the terms of trade accounts payable that are not part of the agreement.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Cash flows related to liabilities arising from financing agreements with suppliers are presented in operating activities in the statement of cash flows. The financial costs of the operation, when applicable, are shown in note 30.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfTradePayablesTableTextBlock_zftsuws4qdf9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE PAYABLES (Details)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B1_zSzuh5JoKGyg" style="display: none">Schedule of trade payables</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 56%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 20%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 23%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Trade payables</td> <td id="xdx_98F_eifrs-full--TradeAndOtherPayablesToTradeSuppliers_pn3n3_c20251231_zdFs3exQDgRa" style="text-align: right" title="Trade payables"> 7,323,417</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--TradeAndOtherPayablesToTradeSuppliers_iI_pn3n3_c20241231_zTmlkJY519S6" style="text-align: right" title="Trade payables"> 7,172,161</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>(-) Adjusted present value</td> <td id="xdx_98E_ecustom--AdjustmentPresentValue_iI_pn3n3_c20251231_zMTVsttdsw8c" style="text-align: right" title="(-) Adjustment present value"> (93,681)</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--AdjustmentPresentValue_iI_pn3n3_c20241231_z62nVWlnUQL1" style="text-align: right" title="(-) Adjustment present value">(98,164)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td id="xdx_989_eifrs-full--TradeAndOtherPayables_pn3n3_c20251231_zVAbITZ6fOxd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payable, net"> 7,229,736</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--TradeAndOtherPayables_iI_pn3n3_c20241231_zzeNSocWUvzd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payable, net"> 7,073,997</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Current</td> <td id="xdx_983_ecustom--TradeAndOtherCurrentPayable_iI_pn3n3_c20251231_zXTQo1e5bCSd" style="text-align: right" title="Current"> 7,162,929</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--TradeAndOtherCurrentPayable_iI_pn3n3_c20241231_z6uqYZxZeXta" style="text-align: right" title="Current"> 7,030,734</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Non-current</td> <td id="xdx_98B_ecustom--TradeAndOtherNonCurrentPayables_iI_pn3n3_c20251231_zL098HpEGDyi" style="text-align: right" title="Non-current">66,807</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--TradeAndOtherNonCurrentPayables_iI_pn3n3_c20241231_zYN5mVZCqNT4" style="text-align: right" title="Non-current"> 43,263</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td> </td> <td id="xdx_98A_eifrs-full--TradeAndOtherPayables_iI_pn3n3_c20251231_zxBPTIPl6wAf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payable, net"> 7,229,736</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--TradeAndOtherPayables_iI_pn3n3_c20241231_zqZENwtVMiC8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payable, net"> 7,073,997</td></tr> </table> 7323417000 7172161000 -93681000 -98164000 7229736000 7073997000 7162929000 7030734000 66807000 43263000 7229736000 7073997000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfTradePayablesForfeitingTableTextBlock_zbxHIQJY7vx2" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE PAYABLES (Details 1)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B5_z29lVej80FV4" style="display: none">Schedule of trade payable forfeiting</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right; width: 55%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 23%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 21%">Consolidated</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">12/31/2024</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">In Brazil</td> <td id="xdx_98D_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--BRMember_zi6fBcZYbKU" style="vertical-align: middle; text-align: right" title="Trade payables"> 2,231,266</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--TradePayables_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--BRMember_zwHBqWEG9jvi" style="vertical-align: middle; text-align: right" title="Trade payables"> 2,159,399</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Abroad</td> <td id="xdx_98C_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--SegmentsAxis__custom--AbroadMember_zA0dD7Ja6Kj7" style="vertical-align: middle; text-align: right" title="Trade payables">673,752</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--TradePayables_iI_pn3n3_c20241231__ifrs-full--SegmentsAxis__custom--AbroadMember_znXWjMC8fK" style="vertical-align: middle; text-align: right" title="Trade payables">743,194</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td id="xdx_985_ecustom--TradePayables_iI_pn3n3_c20251231_zmqhi59kGrvg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payables"> 2,905,018</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_ecustom--TradePayables_iI_pn3n3_c20241231_zO5NclVKAaC6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payables"> 2,902,593</td></tr> </table> 2231266000 2159399000 673752000 743194000 2905018000 2902593000 2905018000 2902593000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfComparisonOfInvoicePaymentsTableTextBlock_zXyyIO8e6pd5" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TRADE PAYABLES (Details 2)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8B0_zpi6fIjSXEg1" style="display: none">Schedule of trade payable payment terms</span></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; width: 55%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 23%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 21%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Trade payables</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Forfaiting</td> <td style="color: #333333"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">NoForfaiting</td></tr> <tr> <td style="vertical-align: bottom">Due between 1 and 180 days</td> <td id="xdx_984_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanOneMonthNotLaterThanSixMonthsMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--ForfaitingMember_zGwnOAvd6Vrf" style="vertical-align: bottom; text-align: right" title="Trade payables"> 2,128,326</td> <td style="color: #333333; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanOneMonthNotLaterThanSixMonthsMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--NotForfaitingMember_zxlTaj9TYtR7" style="vertical-align: bottom; text-align: right" title="Trade payables"> 5,275,445</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="vertical-align: bottom">Due between 181 to 360 days</td> <td id="xdx_980_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanSixMonthsNotLaterThanOneYearMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--ForfaitingMember_z5WP1wn0SUgd" style="vertical-align: bottom; text-align: right" title="Trade payables">776,692</td> <td style="color: #333333; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__custom--LaterThanSixMonthsNotLaterThanOneYearMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--NotForfaitingMember_z1jHo3JoUJR2" style="vertical-align: bottom; text-align: right" title="Trade payables"> 1,887,484</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Over 360 days</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98B_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--ClassesOfFinancialAssetsAxis__custom--NotForfaitingMember_zGuQrjerRb23" style="vertical-align: bottom; text-align: right" title="Trade payables"> 66,807</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Total</td> <td id="xdx_980_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--ForfaitingMember_zZLPNfEk63R3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payables"> 2,905,018</td> <td style="color: #333333"> </td> <td id="xdx_98B_ecustom--TradePayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialAssetsAxis__custom--NotForfaitingMember_zIrYDYxNW6Yk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Trade payables"> 7,229,736</td></tr> </table> 2128326000 5275445000 776692000 1887484000 66807000 2905018000 7229736000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfImpactOfVariationsTableTextBlock_z40YIYSYrKkd" style="width: 100%; border-collapse: collapse" summary="xdx: Disclosure - TRADE PAYABLES (Details 3)"> <tr style="vertical-align: bottom"> <td style="font: 10pt Arial, sans-serif; width: 71%"><span id="xdx_8B1_ztTyFcFE3bda" style="display: none">Schedule of trade payable impact of variations</span></td> <td id="xdx_491_20250101__20251231_z10hqezf1wMk" style="font: 10pt Arial, sans-serif; text-align: center; width: 29%"> </td></tr> <tr> <td style="font: 8pt Helvetica light; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font: bold 8pt Helvetica light; vertical-align: middle; text-align: right">Consolidated</td></tr> <tr id="xdx_40E_ecustom--ExchangeVariation_zCTOx1nnH3dc" style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font: 8pt Helvetica light">Exchange variation</td> <td style="font: 8pt Helvetica light; text-align: right">2,751</td></tr> <tr id="xdx_405_ecustom--InterestAppropriation_z0daymoHVwG9" style="vertical-align: bottom; background-color: White"> <td style="font: 8pt Helvetica light">Interest Appropriation</td> <td style="font: 8pt Helvetica light; text-align: right">13,998</td></tr> <tr id="xdx_403_ecustom--TotalImpactOfVariations_zamAXLtRCoFf" style="background-color: rgb(220,230,241)"> <td style="font: bold 8pt Helvetica light; vertical-align: middle">Total</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font: bold 8pt Helvetica light; vertical-align: bottom; text-align: right">16,749</td></tr> </table> 2751 13998 16749 <p id="xdx_80D_ecustom--ContractLiabilityAdvancesFromCustomersTextBlock_ztEMDeGwgx1k" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>18.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_820_zIiau9i7CvSb">ADVANCES FROM CUSTOMERS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Advances from customers classified as current and non-current liabilities are comprised as follows. Until the previous reporting period, this information was disclosed in the ‘Other payables’ note:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ContractLiabilityAdvancesFromCustomersTableTextBlock_zxxLVTDTjlck" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - CONTRACT LIABILITY (ADVANCES FROM CUSTOMERS) (Details)"> <tr> <td style="font-weight: bold; vertical-align: middle"><span id="xdx_8B8_zZ4012NVTAbd" style="display: none">Schedule of contract liabilities</span></td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="width: 52%"> </td> <td style="width: 2%"> </td> <td style="width: 2%"> </td> <td style="width: 2%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 20%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center; width: 2%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right; width: 20%">Consolidated</td></tr> <tr> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="vertical-align: middle; background-color: white"> </td> <td style="vertical-align: middle; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">12/31/2024</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Iron ore </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_98A_eifrs-full--ContractLiabilities_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--IronOreMember_zHhMPNheo7S7" style="vertical-align: middle; text-align: right" title="Contract liabilities"> 11,597,794</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--ContractLiabilities_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--IronOreMember_zwtEqINfKm46" style="vertical-align: middle; text-align: right" title="Contract liabilities"> 11,625,627</td></tr> <tr style="background-color: white"> <td style="vertical-align: middle">Others</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_98C_eifrs-full--ContractLiabilities_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OthersLiabilitiesMember_z48hDj5OJbI6" style="vertical-align: middle; text-align: right" title="Contract liabilities">1,776,909</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--ContractLiabilities_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OthersLiabilitiesMember_zvWBxeELZkS9" style="vertical-align: middle; text-align: right" title="Contract liabilities"> 2,143,962</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_98F_eifrs-full--ContractLiabilities_iI_pn3n3_c20251231_zfr5Qh7NVcSf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Contract liabilities"> 13,374,703</td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--ContractLiabilities_iI_pn3n3_c20241231_zKDt0LqlRWd1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Contract liabilities"> 13,769,589</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="font-weight: bold; vertical-align: middle">Classified:</td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Current</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_984_eifrs-full--CurrentContractLiabilities_iI_pn3n3_c20251231_zMUpv7dovQLh" style="vertical-align: middle; text-align: right" title="Current">4,347,937</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentContractLiabilities_iI_pn3n3_c20241231_zasmfPPqgpb9" style="vertical-align: middle; text-align: right" title="Current"> 3,648,639</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle">Non-current</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_988_eifrs-full--NoncurrentContractLiabilities_iI_pn3n3_c20251231_zHOQ1EX9gBHf" style="vertical-align: middle; text-align: right" title="Non-current">9,026,766</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--NoncurrentContractLiabilities_iI_pn3n3_c20241231_zNAIucpLJD6e" style="vertical-align: middle; text-align: right" title="Non-current"> 10,120,950</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_986_eifrs-full--ContractLiabilities_iI_pn3n3_c20251231_zwLAigL36A22" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Contract liabilities"> 13,374,703</td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--ContractLiabilities_iI_pn3n3_c20241231_zx2PtagOkqI7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Contract liabilities"> 13,769,589</td></tr> </table> <p id="xdx_8A2_zmhpedihsnMj" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Iron Ore:</b> refers to iron ore supply contracts with important international players executed by the Company.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Advances were made as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(i)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Contracts entered by subsidiaries</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.75in; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfContractLiabilityAdvancesFromSubsidiariesTableTextBlock_zwZH9aFC6eA3" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - CONTRACT LIABILITY (ADVANCES FROM CUSTOMERS) (Details 1)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8B9_z39ekq4DZHm8" style="display: none">Schedule of contract liability advances from subsidiaries</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 24%">Transaction Date</td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 22%">Amount </td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 36%">Volume </td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 15%">Term</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_903_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiariesMember_zC3sTiDCkUYk" title="Transaction date">06/28/2024</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_903_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiariesMember_zapfumc64sMf" title="Amount">255</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90A_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiariesMember_zOMqhimTAHX6" title="Volume">6,5 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90E_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiariesMember_zvclNs3Z1gQ1" title="Term">4 years</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: right"><span id="xdx_901_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries1Member_zJBv6jhe4Ah2" title="Transaction date">09/25/2024</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_907_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries1Member_ztmlKQ67hBbl" title="Amount">450</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90D_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries1Member_zPOwhLQLhBBd" title="Volume">9,7 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_906_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries1Member_zid6SVvuVbgj" title="Term">4 years</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_907_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries2Member_zKWDWeTP7gV6" title="Transaction date">09/27/2024</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_903_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries2Member_zNJSfYo76DWl" title="Amount">300</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90A_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries2Member_z8ZTDRs9v4R6" title="Volume">7,2 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_902_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries2Member_z26Z9zePA682" title="Term">4 years</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: right"><span id="xdx_902_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries3Member_zeHZJv3Oj87l" title="Transaction date">12/17/2024</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_901_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries3Member_zzlUh1Auj2Sl" title="Amount">355</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90F_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries3Member_zXOzdZCPIgKh" title="Volume">8,1 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90A_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries3Member_zHLoPxPhEPbe" title="Term">5 years</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_900_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries4Member_z82oih8lPqo3" title="Transaction date">06/30/2025</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_90E_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries4Member_zIRUhTvTgpFc" title="Amount">241</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90F_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries4Member_zZt3zmgBKsp9" title="Volume">5,9 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90C_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries4Member_zzmGr9BFouBl" title="Term">4 years</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: right"><span id="xdx_908_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries5Member_zOLMqUvcmbG9" title="Transaction date">08/29/2025</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_90A_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries5Member_z6xFgZ2rUbA2" title="Amount">300</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_907_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries5Member_z5BXp2b24R3b" title="Volume">7,2 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90E_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries5Member_zBhoHmZx9Ung" title="Term">4 years</span></td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(ii)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Intercompany agreements entered by and between subsidiaries</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: bottom"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 24%">Transaction Date</td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 22%">Amount </td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 36%">Volume</td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 15%">Term</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_901_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiariesMember_zIAHL5aKT2O4" title="Transaction date">11/03/2025</span></td> <td> </td> <td>US$ <span id="xdx_904_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiariesMember_zLUfoWnJutre" title="Amount">367</span> million</td> <td> </td> <td><span id="xdx_908_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiariesMember_zZ7Pr3yEWJh7" title="Volume">7,9 millions tons</span></td> <td> </td> <td><span id="xdx_907_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiariesMember_znomnItcB2l3" title="Term">4 years</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"><span id="xdx_90F_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries1Member_zj1IzBgwaz8g" title="Transaction date">12/03/2025</span></td> <td> </td> <td>US$ <span id="xdx_905_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries1Member_z1gqSvAx9Swc" title="Amount">405</span> million</td> <td> </td> <td><span id="xdx_901_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries1Member_zzDVJguakpKg" title="Volume">9,7 millions tons</span></td> <td> </td> <td><span id="xdx_903_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries1Member_zllzUyRxbCJ8" title="Term">3 years</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_908_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries2Member_zgTAnyz0WLck" title="Transaction date">12/03/2025</span></td> <td> </td> <td>US$ <span id="xdx_901_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries2Member_z429h98Orgc4" title="Amount">150</span> million</td> <td> </td> <td><span id="xdx_905_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries2Member_z7fhEmuOS6Vd" title="Volume">3,2 millions tons</span></td> <td> </td> <td><span id="xdx_909_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries2Member_zxATonhah1Q" title="Term">4 years</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"><span id="xdx_90E_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries3Member_zorMAziXvzbd" title="Transaction date">12/03/2025</span></td> <td> </td> <td>US$ <span id="xdx_909_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries3Member_z9BIL9KiQgV3" title="Amount">158</span> million</td> <td> </td> <td><span id="xdx_908_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries3Member_zyQ2fCCjLIr4" title="Volume">3,8 millions tons</span></td> <td> </td> <td><span id="xdx_900_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries3Member_zOLOte8VoK28" title="Term">4 years</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_904_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries4Member_zW1umKoGiCdb" title="Transaction date">12/03/2025</span></td> <td> </td> <td>US$ <span id="xdx_906_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries4Member_z797SDssinHf" title="Amount">300</span> million</td> <td> </td> <td><span id="xdx_90A_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries4Member_z1ah0Ai99S47" title="Volume">7,2 millions tons</span></td> <td> </td> <td><span id="xdx_90B_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries4Member_zcfWsag6JKy6" title="Term">5 years</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"><span id="xdx_906_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries5Member_zVyJmAszuVL1" title="Transaction date">12/26/2025</span></td> <td> </td> <td>US$ <span id="xdx_90B_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries5Member_zxp0X6BLF2y3" title="Amount">241</span> million</td> <td> </td> <td><span id="xdx_90A_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries5Member_zBX6ZCJUQfp8" title="Volume">5,9 millions tons</span></td> <td> </td> <td><span id="xdx_90B_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries5Member_zcLlIZT4LRWl" title="Term">4 years</span></td></tr> </table> <p id="xdx_8A4_zEj9239WcdN" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company recognizes as advances from customers the advance receipts from customers, until the contractual criteria for revenue recognition and amortization of the amounts received are met.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In addition, the Company recognizes as customer advances the payments received in excess due to adjustments by the Platts index quotation that determines the price practiced in iron ore sales contracts.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ContractLiabilityAdvancesFromCustomersTableTextBlock_zxxLVTDTjlck" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - CONTRACT LIABILITY (ADVANCES FROM CUSTOMERS) (Details)"> <tr> <td style="font-weight: bold; vertical-align: middle"><span id="xdx_8B8_zZ4012NVTAbd" style="display: none">Schedule of contract liabilities</span></td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="width: 52%"> </td> <td style="width: 2%"> </td> <td style="width: 2%"> </td> <td style="width: 2%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 20%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center; width: 2%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right; width: 20%">Consolidated</td></tr> <tr> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="vertical-align: middle; background-color: white"> </td> <td style="vertical-align: middle; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">12/31/2024</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Iron ore </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_98A_eifrs-full--ContractLiabilities_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--IronOreMember_zHhMPNheo7S7" style="vertical-align: middle; text-align: right" title="Contract liabilities"> 11,597,794</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_eifrs-full--ContractLiabilities_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--IronOreMember_zwtEqINfKm46" style="vertical-align: middle; text-align: right" title="Contract liabilities"> 11,625,627</td></tr> <tr style="background-color: white"> <td style="vertical-align: middle">Others</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_98C_eifrs-full--ContractLiabilities_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OthersLiabilitiesMember_z48hDj5OJbI6" style="vertical-align: middle; text-align: right" title="Contract liabilities">1,776,909</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_eifrs-full--ContractLiabilities_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OthersLiabilitiesMember_zvWBxeELZkS9" style="vertical-align: middle; text-align: right" title="Contract liabilities"> 2,143,962</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_98F_eifrs-full--ContractLiabilities_iI_pn3n3_c20251231_zfr5Qh7NVcSf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Contract liabilities"> 13,374,703</td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_eifrs-full--ContractLiabilities_iI_pn3n3_c20241231_zKDt0LqlRWd1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Contract liabilities"> 13,769,589</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="font-weight: bold; vertical-align: middle">Classified:</td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Current</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_984_eifrs-full--CurrentContractLiabilities_iI_pn3n3_c20251231_zMUpv7dovQLh" style="vertical-align: middle; text-align: right" title="Current">4,347,937</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentContractLiabilities_iI_pn3n3_c20241231_zasmfPPqgpb9" style="vertical-align: middle; text-align: right" title="Current"> 3,648,639</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle">Non-current</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_988_eifrs-full--NoncurrentContractLiabilities_iI_pn3n3_c20251231_zHOQ1EX9gBHf" style="vertical-align: middle; text-align: right" title="Non-current">9,026,766</td> <td style="font: 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--NoncurrentContractLiabilities_iI_pn3n3_c20241231_zNAIucpLJD6e" style="vertical-align: middle; text-align: right" title="Non-current"> 10,120,950</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_986_eifrs-full--ContractLiabilities_iI_pn3n3_c20251231_zwLAigL36A22" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Contract liabilities"> 13,374,703</td> <td style="font: bold 10pt Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--ContractLiabilities_iI_pn3n3_c20241231_zx2PtagOkqI7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Contract liabilities"> 13,769,589</td></tr> </table> 11597794000 11625627000 1776909000 2143962000 13374703000 13769589000 4347937000 3648639000 9026766000 10120950000 13374703000 13769589000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfContractLiabilityAdvancesFromSubsidiariesTableTextBlock_zwZH9aFC6eA3" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - CONTRACT LIABILITY (ADVANCES FROM CUSTOMERS) (Details 1)"> <tr style="vertical-align: middle"> <td style="text-align: left"><span id="xdx_8B9_z39ekq4DZHm8" style="display: none">Schedule of contract liability advances from subsidiaries</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 24%">Transaction Date</td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 22%">Amount </td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 36%">Volume </td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 15%">Term</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_903_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiariesMember_zC3sTiDCkUYk" title="Transaction date">06/28/2024</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_903_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiariesMember_zapfumc64sMf" title="Amount">255</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90A_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiariesMember_zOMqhimTAHX6" title="Volume">6,5 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90E_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiariesMember_zvclNs3Z1gQ1" title="Term">4 years</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: right"><span id="xdx_901_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries1Member_zJBv6jhe4Ah2" title="Transaction date">09/25/2024</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_907_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries1Member_ztmlKQ67hBbl" title="Amount">450</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90D_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries1Member_zPOwhLQLhBBd" title="Volume">9,7 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_906_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries1Member_zid6SVvuVbgj" title="Term">4 years</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_907_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries2Member_zKWDWeTP7gV6" title="Transaction date">09/27/2024</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_903_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries2Member_zNJSfYo76DWl" title="Amount">300</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90A_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries2Member_z8ZTDRs9v4R6" title="Volume">7,2 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_902_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries2Member_z26Z9zePA682" title="Term">4 years</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: right"><span id="xdx_902_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries3Member_zeHZJv3Oj87l" title="Transaction date">12/17/2024</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_901_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries3Member_zzlUh1Auj2Sl" title="Amount">355</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90F_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries3Member_zXOzdZCPIgKh" title="Volume">8,1 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90A_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries3Member_zHLoPxPhEPbe" title="Term">5 years</span></td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_900_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries4Member_z82oih8lPqo3" title="Transaction date">06/30/2025</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_90E_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries4Member_zIRUhTvTgpFc" title="Amount">241</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90F_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries4Member_zZt3zmgBKsp9" title="Volume">5,9 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90C_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries4Member_zzmGr9BFouBl" title="Term">4 years</span></td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: right"><span id="xdx_908_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries5Member_zOLMqUvcmbG9" title="Transaction date">08/29/2025</span></td> <td style="text-align: left"> </td> <td style="text-align: left">US$ <span id="xdx_90A_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries5Member_z6xFgZ2rUbA2" title="Amount">300</span> million</td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_907_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries5Member_z5BXp2b24R3b" title="Volume">7,2 millions tons</span></td> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_90E_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--ContractBySubsidiaries5Member_zBhoHmZx9Ung" title="Term">4 years</span></td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.5in"><span style="font-family: Helvetica light,serif">(ii)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Intercompany agreements entered by and between subsidiaries</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: bottom"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 24%">Transaction Date</td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 22%">Amount </td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 36%">Volume</td> <td style="border-top: Black 0.5pt solid; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font: bold 11pt Calibri, sans-serif; width: 15%">Term</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_901_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiariesMember_zIAHL5aKT2O4" title="Transaction date">11/03/2025</span></td> <td> </td> <td>US$ <span id="xdx_904_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiariesMember_zLUfoWnJutre" title="Amount">367</span> million</td> <td> </td> <td><span id="xdx_908_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiariesMember_zZ7Pr3yEWJh7" title="Volume">7,9 millions tons</span></td> <td> </td> <td><span id="xdx_907_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiariesMember_znomnItcB2l3" title="Term">4 years</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"><span id="xdx_90F_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries1Member_zj1IzBgwaz8g" title="Transaction date">12/03/2025</span></td> <td> </td> <td>US$ <span id="xdx_905_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries1Member_z1gqSvAx9Swc" title="Amount">405</span> million</td> <td> </td> <td><span id="xdx_901_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries1Member_zzDVJguakpKg" title="Volume">9,7 millions tons</span></td> <td> </td> <td><span id="xdx_903_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries1Member_zllzUyRxbCJ8" title="Term">3 years</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_908_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries2Member_zgTAnyz0WLck" title="Transaction date">12/03/2025</span></td> <td> </td> <td>US$ <span id="xdx_901_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries2Member_z429h98Orgc4" title="Amount">150</span> million</td> <td> </td> <td><span id="xdx_905_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries2Member_z7fhEmuOS6Vd" title="Volume">3,2 millions tons</span></td> <td> </td> <td><span id="xdx_909_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries2Member_zxATonhah1Q" title="Term">4 years</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"><span id="xdx_90E_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries3Member_zorMAziXvzbd" title="Transaction date">12/03/2025</span></td> <td> </td> <td>US$ <span id="xdx_909_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries3Member_z9BIL9KiQgV3" title="Amount">158</span> million</td> <td> </td> <td><span id="xdx_908_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries3Member_zyQ2fCCjLIr4" title="Volume">3,8 millions tons</span></td> <td> </td> <td><span id="xdx_900_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries3Member_zOLOte8VoK28" title="Term">4 years</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="text-align: right"><span id="xdx_904_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries4Member_zW1umKoGiCdb" title="Transaction date">12/03/2025</span></td> <td> </td> <td>US$ <span id="xdx_906_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries4Member_z797SDssinHf" title="Amount">300</span> million</td> <td> </td> <td><span id="xdx_90A_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries4Member_z1ah0Ai99S47" title="Volume">7,2 millions tons</span></td> <td> </td> <td><span id="xdx_90B_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries4Member_zcfWsag6JKy6" title="Term">5 years</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"><span id="xdx_906_ecustom--TransactionDate_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries5Member_zVyJmAszuVL1" title="Transaction date">12/26/2025</span></td> <td> </td> <td>US$ <span id="xdx_90B_eifrs-full--ContractLiabilities_iI_pn6n6_c20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries5Member_zxp0X6BLF2y3" title="Amount">241</span> million</td> <td> </td> <td><span id="xdx_90A_ecustom--Volume_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries5Member_zBX6ZCJUQfp8" title="Volume">5,9 millions tons</span></td> <td> </td> <td><span id="xdx_90B_ecustom--ContractLiabilitiesTerm_c20250101__20251231__ifrs-full--TypesOfContractsAxis__custom--AgreementsBySubsidiaries5Member_zcLlIZT4LRWl" title="Term">4 years</span></td></tr> </table> 2024-06-28 255000000 6,5 millions tons 4 years 2024-09-25 450000000 9,7 millions tons 4 years 2024-09-27 300000000 7,2 millions tons 4 years 2024-12-17 355000000 8,1 millions tons 5 years 2025-06-30 241000000 5,9 millions tons 4 years 2025-08-29 300000000 7,2 millions tons 4 years 2025-11-03 367000000 7,9 millions tons 4 years 2025-12-03 405000000 9,7 millions tons 3 years 2025-12-03 150000000 3,2 millions tons 4 years 2025-12-03 158000000 3,8 millions tons 4 years 2025-12-03 300000000 7,2 millions tons 5 years 2025-12-26 241000000 5,9 millions tons 4 years <p id="xdx_809_eifrs-full--DisclosureOfTradeAndOtherPayablesExplanatory_zFkhyW3rQfDd" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>19.</b></span></td><td><span style="font-family: Helvetica light,serif"><b><span id="xdx_821_zHwmOU1kt56e">OTHER PAYABLES (CURRENT AND NON-CURRENT)</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The other payables classified in current and non-current liabilities are comprised as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfOtherPayablesTableTextBlock_zksY32z9hmWf" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - OTHER PAYABLES (CURRENT AND NON-CURRENT) (Details)"> <tr style="vertical-align: middle; background-color: white"> <td><span id="xdx_8BF_za718A3zdLHi" style="display: none">Schedule of other payables</span></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="width: 42%"> </td> <td style="width: 1%"> </td> <td style="width: 5%"> </td> <td style="width: 1%"> </td> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 13%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="background-color: white"> </td> <td style="background-color: white"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Ref.</td> <td style="background-color: white"> </td> <td colspan="4" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; background-color: white; text-align: center">Current</td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; background-color: white; text-align: center">Non-current</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Related party liabilities</td> <td> </td> <td style="text-align: center">24.b</td> <td> </td> <td id="xdx_989_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--PayablesToRelatedPartiesMember_zlOVh0Ckxpej" style="text-align: right" title="Other payables, current">50,241</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--PayablesToRelatedPartiesMember_z3e9eilGty6f" style="text-align: right" title="Other payables, current">45,816</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--PayablesToRelatedPartiesMember_zeGoAKJ3glZ4" style="text-align: right" title="Other payables, noncurrent">20,850</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Derivative financial instruments</td> <td> </td> <td style="text-align: center">15</td> <td> </td> <td id="xdx_98A_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DerivativeFinancialInstrumentsMember_zk7yA5OThNHe" style="text-align: right" title="Other payables, current">67,304</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DerivativeFinancialInstrumentsMember_zPCs4eATqPGa" style="text-align: right" title="Other payables, noncurrent">153,507</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DerivativeFinancialInstrumentsMember_zFZxYJV5diX1" style="text-align: right" title="Other payables, noncurrent">157,857</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Dividends and interest on capital</td> <td> </td> <td style="text-align: center">15</td> <td> </td> <td id="xdx_98A_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DividendsAndInterestOnCapitalPayableMember_zqErZGKfgW03" style="text-align: right" title="Other payables, current">358,040</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DividendsAndInterestOnCapitalPayableMember_z1AYoAkyMGYg" style="text-align: right" title="Other payables, current">61,965</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Liabilities from business' combination (*)</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_98F_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LiabilitiesFromBusinessCombinationMember_zsATSoFknu21" style="text-align: right" title="Other payables, current">377,411</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LiabilitiesFromBusinessCombinationMember_zofeny9e2O2a" style="text-align: right" title="Other payables, noncurrent">470,890</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LiabilitiesFromBusinessCombinationMember_zmKOm6U9kQPi" style="text-align: right" title="Other payables, noncurrent">94,404</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Taxes in installments</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_983_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesInInstallmentsMember_zcrheCtAFnHh" style="text-align: right" title="Other payables, current">30,727</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesInInstallmentsMember_zx86OfYb0W15" style="text-align: right" title="Other payables, current">56,226</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesInInstallmentsMember_zkzbchitus77" style="text-align: right" title="Other payables, noncurrent">88,906</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesInInstallmentsMember_zYZvigoNhQei" style="text-align: right" title="Other payables, noncurrent">103,955</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Profit sharing - employees</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_98E_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProfitSharingEmployeesMember_zboZtcF2XTaa" style="text-align: right" title="Other payables, current">327,663</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProfitSharingEmployeesMember_zW7nBWlxZq02" style="text-align: right" title="Other payables, current">235,789</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Taxes payable</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesPayableMember_zGahsa6t4Xe3" style="text-align: right" title="Other payables, noncurrent">10,266</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesPayableMember_zZAPCM11dJNa" style="text-align: right" title="Other payables, noncurrent">9,767</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Provision for consumption and services</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_989_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProvisionFromConsumptionAndServicesMember_zVpF1zprkRR5" style="text-align: right" title="Other payables, current">275,577</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProvisionFromConsumptionAndServicesMember_zXqU96NxCbse" style="text-align: right" title="Other payables, current">202,006</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Trade payables</td> <td> </td> <td style="text-align: center">17</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_ztttR1YDm1s4" style="text-align: right" title="Other payables, noncurrent">66,807</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zbriWESq5rs7" style="text-align: right" title="Other payables, noncurrent">43,263</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Lease liabilities</td> <td> </td> <td style="text-align: center">16</td> <td> </td> <td id="xdx_983_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__ifrs-full--LeaseLiabilitiesMember_zHLEK7bTjWDj" style="text-align: right" title="Other payables, current">238,702</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__ifrs-full--LeaseLiabilitiesMember_zxQgoPpAAVwj" style="text-align: right" title="Other payables, current">206,323</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__ifrs-full--LeaseLiabilitiesMember_ze6KWSUg2xVc" style="text-align: right" title="Other payables, noncurrent">855,037</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__ifrs-full--LeaseLiabilitiesMember_zAGgeficlCHe" style="text-align: right" title="Other payables, noncurrent">633,982</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Concessions to be paid (*)</td> <td> </td> <td style="text-align: center">15</td> <td> </td> <td id="xdx_987_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ConcessionsPayableMember_zRAaxKyBgKwa" style="text-align: right" title="Other payables, current">13,350</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ConcessionsPayableMember_zZaxj3AOZLI5" style="text-align: right" title="Other payables, current">12,555</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ConcessionsPayableMember_zF358qvF5K74" style="text-align: right" title="Other payables, noncurrent">78,419</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ConcessionsPayableMember_ztDzOQCHBsN5" style="text-align: right" title="Other payables, noncurrent">78,728</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Other payables (*)</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_983_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherPayablesMember_zNR5lERMasc3" style="text-align: right" title="Other payables, current">143,471</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherPayablesMember_zOQO4VatedR3" style="text-align: right" title="Other payables, current"> 480,090</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherPayablesMember_zyqGIIWvZCb2" style="text-align: right" title="Other payables, noncurrent">525,838</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherPayablesMember_z1B9L0d0hmPf" style="text-align: right" title="Other payables, noncurrent">581,037</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td id="xdx_98E_ecustom--TotalOtherCurrentPayables_iI_pn3n3_c20251231_zYau6ji4fpjj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total other current payables">1,882,486</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--TotalOtherCurrentPayables_iI_pn3n3_c20241231_zA9KvAH0YZJb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total other current payables">1,300,770</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_ecustom--TotalOtherNunCurrentPayables_iI_pn3n3_c20251231_zCIIn3QRmWuj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total other non current payables">2,249,670</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--TotalOtherNunCurrentPayables_iI_pn3n3_c20241231_z3PvTX62PUY7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total other non current payables">1,723,843</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">For better presentation, the balances previously referred to as ‘Liabilities from business combinations’ and ‘Concession payable’ were disclosed within ‘Other payables’ in the prior period. The balance of third-party materials held by the Company is now presented within ‘Other payables’, and the balance of ‘Advances from customers’ is now presented in a separate note (see Note 18).</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfOtherPayablesTableTextBlock_zksY32z9hmWf" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - OTHER PAYABLES (CURRENT AND NON-CURRENT) (Details)"> <tr style="vertical-align: middle; background-color: white"> <td><span id="xdx_8BF_za718A3zdLHi" style="display: none">Schedule of other payables</span></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="width: 42%"> </td> <td style="width: 1%"> </td> <td style="width: 5%"> </td> <td style="width: 1%"> </td> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 13%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="background-color: white"> </td> <td style="background-color: white"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Ref.</td> <td style="background-color: white"> </td> <td colspan="4" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; background-color: white; text-align: center">Current</td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; background-color: white; text-align: center">Non-current</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2024</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Related party liabilities</td> <td> </td> <td style="text-align: center">24.b</td> <td> </td> <td id="xdx_989_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--PayablesToRelatedPartiesMember_zlOVh0Ckxpej" style="text-align: right" title="Other payables, current">50,241</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--PayablesToRelatedPartiesMember_z3e9eilGty6f" style="text-align: right" title="Other payables, current">45,816</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--PayablesToRelatedPartiesMember_zeGoAKJ3glZ4" style="text-align: right" title="Other payables, noncurrent">20,850</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Derivative financial instruments</td> <td> </td> <td style="text-align: center">15</td> <td> </td> <td id="xdx_98A_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DerivativeFinancialInstrumentsMember_zk7yA5OThNHe" style="text-align: right" title="Other payables, current">67,304</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DerivativeFinancialInstrumentsMember_zPCs4eATqPGa" style="text-align: right" title="Other payables, noncurrent">153,507</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DerivativeFinancialInstrumentsMember_zFZxYJV5diX1" style="text-align: right" title="Other payables, noncurrent">157,857</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Dividends and interest on capital</td> <td> </td> <td style="text-align: center">15</td> <td> </td> <td id="xdx_98A_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DividendsAndInterestOnCapitalPayableMember_zqErZGKfgW03" style="text-align: right" title="Other payables, current">358,040</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DividendsAndInterestOnCapitalPayableMember_z1AYoAkyMGYg" style="text-align: right" title="Other payables, current">61,965</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Liabilities from business' combination (*)</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_98F_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LiabilitiesFromBusinessCombinationMember_zsATSoFknu21" style="text-align: right" title="Other payables, current">377,411</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LiabilitiesFromBusinessCombinationMember_zofeny9e2O2a" style="text-align: right" title="Other payables, noncurrent">470,890</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LiabilitiesFromBusinessCombinationMember_zmKOm6U9kQPi" style="text-align: right" title="Other payables, noncurrent">94,404</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Taxes in installments</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_983_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesInInstallmentsMember_zcrheCtAFnHh" style="text-align: right" title="Other payables, current">30,727</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesInInstallmentsMember_zx86OfYb0W15" style="text-align: right" title="Other payables, current">56,226</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesInInstallmentsMember_zkzbchitus77" style="text-align: right" title="Other payables, noncurrent">88,906</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesInInstallmentsMember_zYZvigoNhQei" style="text-align: right" title="Other payables, noncurrent">103,955</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Profit sharing - employees</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_98E_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProfitSharingEmployeesMember_zboZtcF2XTaa" style="text-align: right" title="Other payables, current">327,663</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProfitSharingEmployeesMember_zW7nBWlxZq02" style="text-align: right" title="Other payables, current">235,789</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Taxes payable</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesPayableMember_zGahsa6t4Xe3" style="text-align: right" title="Other payables, noncurrent">10,266</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxesPayableMember_zZAPCM11dJNa" style="text-align: right" title="Other payables, noncurrent">9,767</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Provision for consumption and services</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_989_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProvisionFromConsumptionAndServicesMember_zVpF1zprkRR5" style="text-align: right" title="Other payables, current">275,577</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProvisionFromConsumptionAndServicesMember_zXqU96NxCbse" style="text-align: right" title="Other payables, current">202,006</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Trade payables</td> <td> </td> <td style="text-align: center">17</td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_ztttR1YDm1s4" style="text-align: right" title="Other payables, noncurrent">66,807</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zbriWESq5rs7" style="text-align: right" title="Other payables, noncurrent">43,263</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Lease liabilities</td> <td> </td> <td style="text-align: center">16</td> <td> </td> <td id="xdx_983_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__ifrs-full--LeaseLiabilitiesMember_zHLEK7bTjWDj" style="text-align: right" title="Other payables, current">238,702</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__ifrs-full--LeaseLiabilitiesMember_zxQgoPpAAVwj" style="text-align: right" title="Other payables, current">206,323</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__ifrs-full--LeaseLiabilitiesMember_ze6KWSUg2xVc" style="text-align: right" title="Other payables, noncurrent">855,037</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__ifrs-full--LeaseLiabilitiesMember_zAGgeficlCHe" style="text-align: right" title="Other payables, noncurrent">633,982</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Concessions to be paid (*)</td> <td> </td> <td style="text-align: center">15</td> <td> </td> <td id="xdx_987_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ConcessionsPayableMember_zRAaxKyBgKwa" style="text-align: right" title="Other payables, current">13,350</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ConcessionsPayableMember_zZaxj3AOZLI5" style="text-align: right" title="Other payables, current">12,555</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ConcessionsPayableMember_zF358qvF5K74" style="text-align: right" title="Other payables, noncurrent">78,419</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--ConcessionsPayableMember_ztDzOQCHBsN5" style="text-align: right" title="Other payables, noncurrent">78,728</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Other payables (*)</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_983_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherPayablesMember_zNR5lERMasc3" style="text-align: right" title="Other payables, current">143,471</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--OtherCurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherPayablesMember_zOQO4VatedR3" style="text-align: right" title="Other payables, current"> 480,090</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherPayablesMember_zyqGIIWvZCb2" style="text-align: right" title="Other payables, noncurrent">525,838</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherNoncurrentPayables_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherPayablesMember_z1B9L0d0hmPf" style="text-align: right" title="Other payables, noncurrent">581,037</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td id="xdx_98E_ecustom--TotalOtherCurrentPayables_iI_pn3n3_c20251231_zYau6ji4fpjj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total other current payables">1,882,486</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--TotalOtherCurrentPayables_iI_pn3n3_c20241231_zA9KvAH0YZJb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total other current payables">1,300,770</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_ecustom--TotalOtherNunCurrentPayables_iI_pn3n3_c20251231_zCIIn3QRmWuj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total other non current payables">2,249,670</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--TotalOtherNunCurrentPayables_iI_pn3n3_c20241231_z3PvTX62PUY7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total other non current payables">1,723,843</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">For better presentation, the balances previously referred to as ‘Liabilities from business combinations’ and ‘Concession payable’ were disclosed within ‘Other payables’ in the prior period. The balance of third-party materials held by the Company is now presented within ‘Other payables’, and the balance of ‘Advances from customers’ is now presented in a separate note (see Note 18).</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> 50241000 45816000 20850000 67304000 153507000 157857000 358040000 61965000 377411000 470890000 94404000 30727000 56226000 88906000 103955000 327663000 235789000 10266000 9767000 275577000 202006000 66807000 43263000 238702000 206323000 855037000 633982000 13350000 12555000 78419000 78728000 143471000 480090000 525838000 581037000 1882486000 1300770000 2249670000 1723843000 <p id="xdx_80E_ecustom--DisclosureOfIncomeTaxAndSocialContributionExplanatory_ztPYwZxwiITd" style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>20.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_824_zz7nhvzO9Qyl">INCOME TAX AND SOCIAL CONTRIBUTION</span> </b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>20.a)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Income Tax and Social Contribution Recognized in Profit or Loss:</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The income tax and social contribution recognized in statement of profit and losses for the year are as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfIncomeTaxAndSocialContributionIncomeExpenseTableTextBlock_zN05KhKPj6jh" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details)"> <tr style="vertical-align: middle"> <td><span id="xdx_8BA_zhCJ6S4mveg7" style="display: none">Schedule of income tax and social contribution income expense</span></td> <td id="xdx_49D_20250101__20251231_zbShq4DD2oe7" style="text-align: center"> </td> <td> </td> <td id="xdx_494_20240101__20241231_zCwgi650NRIh" style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_49B_20230101__20231231_zK7cgu8PC5N6" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 58%"> </td> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 12%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 14%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2024</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2023</td></tr> <tr id="xdx_40E_ecustom--IncomeTaxExpenseContinuingOperationsAbstract_iB_zbVdXNrjiFif" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Income tax and social contribution income (expense)</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr id="xdx_402_eifrs-full--CurrentTaxExpenseIncome_pn3n3_ziPbSIQhWaea" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Current</td> <td style="text-align: right">(899,460)</td> <td style="text-align: right"> </td> <td style="text-align: right">(1,300,719)</td> <td style="text-align: right"> </td> <td style="text-align: right">(1,036,262)</td></tr> <tr id="xdx_401_eifrs-full--DeferredTaxExpenseIncome_pn3n3_zodg4ylTHfW1" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Deferred</td> <td style="text-align: right"> 1,094,263</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,305,927</td> <td style="text-align: right"> </td> <td style="text-align: right">403,544</td></tr> <tr id="xdx_40C_ecustom--GlobalMinimumTaxationPillar2_pn3n3_zhQDVYT46BFk" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Global Minimum taxation - Pillar 2</td> <td style="text-align: right">(22,011)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_401_ecustom--TotalIncomeTaxExpenseContinuingOperations_pn3n3_z2uJZFtCAz0i" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"><b style="display: none">Total</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 172,792</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 5,208</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (632,718)</td></tr> </table> <p id="xdx_8A8_zHKwcetp7MIc" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Provisional Measure No. 1.262 and RFB Normative Instruction No. 2,228 were published in 2024. These measures established additional CSLL levied for purposes of compliance with Pillar Two Model Rules (GloBE) and were aimed at establishing a minimum effective taxation of 15% for Brazil starting in 2025, in line with the rules applied to other countries. The Company is evaluating impacts arising from previously regulated standards, and identified Top-up-tax adjustment in Switzerland and other jurisdictions are considered in principle to be under review by external consultancy.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The reconciliation of the consolidated income tax and social security contribution expenses and income and the effective tax rate on income before IRPJ and CSLL are shown below:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfReconciliationOfIncomeTaxAndSocialContributionIncomeExpenseTableTextBlock_zlpdh3AdDBr4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details 1)"> <tr style="vertical-align: middle"> <td><span id="xdx_8BF_z6thMccjV0Xl" style="display: none">Schedule of reconciliation of the Company's income tax and social contribution expenses</span></td> <td style="text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 55%"> </td> <td style="width: 20%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 13%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 10%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2024</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2023</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Profit/(Loss) before income tax and social contribution</td> <td id="xdx_98D_eifrs-full--AccountingProfit_pn3n3_c20250101__20251231_zd7aXjhnD4F1" style="font-weight: bold; text-align: right" title="Profit before income tax and social contribution">(1,679,518)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--AccountingProfit_pn3n3_c20240101__20241231_zS5bclsb5SC5" style="font-weight: bold; text-align: right" title="Profit before income tax and social contribution">(1,543,349)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--AccountingProfit_pn3n3_c20230101__20231231_zugKxZ3VNxv4" style="font-weight: bold; text-align: right" title="Profit before income tax and social contribution"> 1,035,367</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Tax rate</td> <td style="border-bottom: Black 0.5pt solid; text-align: right"><span id="xdx_907_eifrs-full--ApplicableTaxRate_pip0_dp_c20250101__20251231_zcHEjOecTg73" title="Tax rate">34</span>%</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"><span id="xdx_90A_eifrs-full--ApplicableTaxRate_pip0_dp_c20240101__20241231_zHh3kBaEtOa9" title="Tax rate">34</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_909_eifrs-full--ApplicableTaxRate_pip0_dp_c20230101__20231231_zYqzCWd2eqs7" title="Tax rate">34</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Income tax and social contribution at combined statutory rate</td> <td id="xdx_982_eifrs-full--TaxExpenseIncomeAtApplicableTaxRate_pn3n3_c20250101__20251231_zhzl7U7fouZ7" style="font-weight: bold; text-align: right" title="Income tax and social contribution at combined statutory rate">571,036</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--TaxExpenseIncomeAtApplicableTaxRate_pn3n3_c20240101__20241231_zWQv5qOATGGc" style="font-weight: bold; text-align: right" title="Income tax and social contribution at combined statutory rate">524,739</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--TaxExpenseIncomeAtApplicableTaxRate_pn3n3_c20230101__20231231_z3czdIp6u332" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Income tax and social contribution at combined statutory rate"> (352,025)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Adjustment to reflect the effective rate:</td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Equity in results of affiliated companies<span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td id="xdx_983_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--EquityInResultsOfAffiliatedCompaniesMember_zvJleP6Im4ci" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> 1,014,282</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--EquityInResultsOfAffiliatedCompaniesMember_zPsDheIP7fFa" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate">188,205</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--EquityInResultsOfAffiliatedCompaniesMember_zVUBzHqyh7wk" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate">178,978</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Effect of differentiated rates and tax-exempt profits in investments</td> <td id="xdx_98D_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--EffectOfDifferentiatedRatesAndTaxExemptProfitsInInvestmentsMember_zYVunBe2xpRg" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate">(1,209,761)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--EffectOfDifferentiatedRatesAndTaxExemptProfitsInInvestmentsMember_zXa5JqcMSsWg" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> (814,713)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--EffectOfDifferentiatedRatesAndTaxExemptProfitsInInvestmentsMember_zKzapRmH4bsf" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> (181,409)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Transfer Price Adjustment and Profits Abroad</td> <td id="xdx_989_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--TransferPricingAdjustmentAndProfitsAbroadMember_z8AEB1mNR7jk" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> (70,837)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--TransferPricingAdjustmentAndProfitsAbroadMember_zKfdPewH8h15" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> (67,580)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--TransferPricingAdjustmentAndProfitsAbroadMember_zSy6gnekSnJb" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> (91,883)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Income taxes and social contribution on foreign profit</td> <td id="xdx_98C_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--IncomeTaxAndSocialContributionOnForeignProfitMember_zhQ0ibwrWKMj" style="text-align: right" title="Adjustment to reflect the effective rate">7,172</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--IncomeTaxAndSocialContributionOnForeignProfitMember_zqiHCaBXIK95" style="text-align: right" title="Adjustment to reflect the effective rate">10,200</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--IncomeTaxAndSocialContributionOnForeignProfitMember_zno9ie6R6neb" style="text-align: right" title="Adjustment to reflect the effective rate">131,836</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Indebtdness limit</td> <td id="xdx_986_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--IndebtdnessLimitMember_z9fRi1AJv25l" style="text-align: right" title="Adjustment to reflect the effective rate"> (10,384)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Tax incentives</td> <td id="xdx_98F_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--TaxIncentivesMember_zbcJXVQrmwn1" style="text-align: right" title="Adjustment to reflect the effective rate">65,013</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--TaxIncentivesMember_zM8CTstrayt9" style="text-align: right" title="Adjustment to reflect the effective rate">102,087</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--TaxIncentivesMember_zRVRtxNVYrQb" style="text-align: right" title="Adjustment to reflect the effective rate">71,756</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Interest on equity</td> <td id="xdx_98B_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--InterestOnEquityMember_zz3We9OFoIe1" style="text-align: right" title="Adjustment to reflect the effective rate">87,912</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--InterestOnEquityMember_zBfwceF3w4ol" style="text-align: right" title="Adjustment to reflect the effective rate">79,282</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--InterestOnEquityMember_zFwrusYL6Vfe" style="text-align: right" title="Adjustment to reflect the effective rate">47,315</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Recognition/(reversal) of tax credits</td> <td id="xdx_984_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--RecognitionReversalOfTaxCreditsMember_zoNygNQK2C59" style="text-align: right" title="Adjustment to reflect the effective rate"> (64,690)</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--RecognitionReversalOfTaxCreditsMember_zMyYlvWjGmZ7" style="text-align: right" title="Adjustment to reflect the effective rate"> (62,088)</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--RecognitionReversalOfTaxCreditsMember_za1Pbd8TIQNb" style="text-align: right" title="Adjustment to reflect the effective rate"> (337,239)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Reversal for deferred income tax and social contribution credit</td> <td id="xdx_986_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--ReversalForDeferredIncomeTaxAndSocialContributionCreditMember_zt8ifUHhWqCj" style="text-align: right" title="Adjustment to reflect the effective rate"> (188,975)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Other permanent deductions (add-backs)</td> <td id="xdx_983_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--OtherPermanentDeductionsAdditionsMember_z1Va1RNsFSLg" style="text-align: right" title="Adjustment to reflect the effective rate"> (27,976)</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--OtherPermanentDeductionsAdditionsMember_zLMUgSH6xAd5" style="text-align: right" title="Adjustment to reflect the effective rate">45,076</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--OtherPermanentDeductionsAdditionsMember_zXPWeFQidjT4" style="text-align: right" title="Adjustment to reflect the effective rate"> (100,047)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Income tax and social contribution in net income for the period</td> <td id="xdx_98F_ecustom--IncomeTaxExpenseContinuingOperations1_pn3n3_c20250101__20251231_zT7G4jlbTUj3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Income tax and social contribution in net income for the year">172,792</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--IncomeTaxExpenseContinuingOperations1_pn3n3_c20240101__20241231_zCIS8rbUH5H" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Income tax and social contribution in net income for the year">5,208</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--IncomeTaxExpenseContinuingOperations1_pn3n3_c20230101__20231231_zum89fePGKx8" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Income tax and social contribution in net income for the year"> (632,718)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Effective tax rate</td> <td style="font-weight: bold; text-align: right"><span id="xdx_90B_eifrs-full--TaxRateEffectOfTaxLosses_pip0_dp_c20250101__20251231_z9Cj2T5VhGTk" title="Effective tax rate">10</span>%</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"><span id="xdx_904_eifrs-full--TaxRateEffectOfTaxLosses_pip0_dp_c20240101__20241231_zBYJLJdy6WQ2" title="Effective tax rate">0</span>%</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"><span id="xdx_907_eifrs-full--TaxRateEffectOfTaxLosses_pip0_dp_c20230101__20231231_zOjbIgAfwKU6" title="Effective tax rate">61</span>%</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">These amounts reflect the effect of neutralizing the gain calculated on CSN’s sale of MRS's shares to its subsidiary CSN Mineração. As described in Note 10.a, this transaction generated an accounting gain at the parent company, however, since this transaction was performed under common control, this amount was neutralized through the investee’s unrealized profit. </td></tr> </table> <p id="xdx_8A6_zHSNKrZTWyyi" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>20.b)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Deferred Income Tax and Social Contribution:</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Deferred income tax and social contribution balances are as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfDeferredIncomeTaxAndSocialContributionTableTextBlock_zx198IyV1HDg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details 2)"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left"><span id="xdx_8B7_zDpsT4heR8A5" style="display: none">Schedule of deferred income tax and social contribution</span></td> <td style="padding-left: 30px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 30px; text-align: left"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" style="font-weight: bold; text-align: right">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom; text-align: center; width: 72%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 14%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 12%">12/31/2024</td> </tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left">Deferred</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: black 0.5pt solid; vertical-align: middle; text-align: right"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: black 0.5pt solid; vertical-align: middle; text-align: right"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Income tax losses</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98B_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--DeferredIncomeTaxLossesMember_zwUVi5WiZXv3" style="text-align: right" title="Total deferred"> 4,578,638</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98A_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--DeferredIncomeTaxLossesMember_z64Lj3fYyQb1" style="text-align: right" title="Total deferred">3,896,856</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Social contribution tax losses</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98D_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--DeferredSocialContributionTaxLossesMember_zKIniDmMUOW2" style="text-align: right" title="Total deferred"> 1,585,078</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98C_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--DeferredSocialContributionTaxLossesMember_zItYjVJmFR4j" style="text-align: right" title="Total deferred">1,336,041</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Temporary differences</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_987_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--TemporaryDifferencesMember_z2oTf5s9SHi4" style="font-weight: bold; text-align: right" title="Total deferred">347,208</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_981_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--TemporaryDifferencesMember_z9Aun4rihUjl" style="font-weight: bold; text-align: right" title="Total deferred">1,571,100</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Tax, social security, labor, civil and environmental provisions</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_989_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--TaxSocialSecurityLaborCivilAndEnvironmentalRisksMember_ziIm0EAWpJhj" style="text-align: right" title="Total deferred">391,345</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_980_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--TaxSocialSecurityLaborCivilAndEnvironmentalRisksMember_zs6k8cUush09" style="text-align: right" title="Total deferred"> 559,621</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Estimated losses on assets</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_989_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--EstimatedLossesOnAssetsMember_z4rA0dvyXgsc" style="text-align: right" title="Total deferred">375,880</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--EstimatedLossesOnAssetsMember_zKFNjonpxYc2" style="text-align: right" title="Total deferred"> 267,768</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Gains/(Losses) on financial assets</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98F_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--GainsLossesOnFinancialAssetsMember_zZYmhJxI8Swd" style="text-align: right" title="Total deferred">296,640</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_986_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--GainsLossesOnFinancialAssetsMember_zGmohK2ejux8" style="text-align: right" title="Total deferred"> 565,250</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Actuarial Liabilities (Pension and Health Plan)</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98D_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--ActuarialLiabilityPensionAndHealthcarePlanMember_zxy2Sncn9epk" style="text-align: right" title="Total deferred">141,088</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--ActuarialLiabilityPensionAndHealthcarePlanMember_znTjHHTlmi09" style="text-align: right" title="Total deferred"> 165,418</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Provision for consumption and services</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_987_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--ProvisionForConsumptionAndServicesMember_znFQApBARBA7" style="text-align: right" title="Total deferred"> 22,911</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--ProvisionForConsumptionAndServicesMember_zNfZEVr72gfl" style="text-align: right" title="Total deferred"> 4,933</td> </tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cash Flow Hedge and Unrealized Exchange Variations</td> <td style="padding-left: 30px; vertical-align: middle; text-align: left"> </td> <td id="xdx_98B_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--CashFlowHedgeAccountingMember_zG1BqYPGHYpb" style="vertical-align: middle; text-align: right" title="Total deferred">886,799</td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--CashFlowHedgeAccountingMember_zxAM4mi9bbsi" style="vertical-align: middle; text-align: right" title="Total deferred">2,014,231</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">(Gain) on loss of control of Transnordestina</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98E_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--GainLossOfControlInTransnordestinaMember_z4QbK54iGusc" style="text-align: right" title="Total deferred"> (224,096)</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98C_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--GainLossOfControlInTransnordestinaMember_zpMuhROqFW53" style="text-align: right" title="Total deferred">(224,096)</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Fair Value SWT/CBL Acquisition</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--FairValueSWTCBLAcquisitionMember_z2lYG12q5K4i" style="text-align: right" title="Total deferred"> (149,490)</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98E_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--FairValueSWTCBLAcquisitionMember_zg4v6mDgF2lc" style="text-align: right" title="Total deferred">(149,489)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Business combination</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98B_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--BusinessCombinationMember_zmjQ8CG79gs2" style="text-align: right" title="Total deferred">(1,462,402)</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98D_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--BusinessCombinationMember_z69XRdQNyFhk" style="text-align: right" title="Total deferred"> (1,425,853)</td> </tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Unrealized results – transactions between related parties</td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--UnrealizedResultsTransactionsBetweenRelatedPartiesMember_za02K0slP2aa" style="vertical-align: bottom; text-align: right" title="Total deferred">783,127</td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"></td> </tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">(Losses)/Estimated reversal for deferred income tax and social contribution credits <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--LossesEstimatedReversalForDeferredIncomeTaxAndSocialContributionCreditsMember_zNNmCmWyTNHl" style="vertical-align: bottom; text-align: right" title="Total deferred"> (188,975)</td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> </td> </tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Others <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--OtherDeferredTax_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--BusinessCombinationMember_zgBaPQtERHfa" style="vertical-align: bottom; text-align: right" title="Other"> (525,619)</td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_ecustom--OtherDeferredTax_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--BusinessCombinationMember_z06Qgwsq9lok" style="vertical-align: middle; text-align: right" title="Other">(206,683)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_98A_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231_zIpnbBgk0wSh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total deferred"> 6,510,924</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231_z4doXH5VeLJl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total deferred">6,803,997</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Total Deferred Assets</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_985_ecustom--DeferredTaxAssets1_iI_pn3n3_c20251231_zn3hhAd3L744" style="text-align: right" title="Total deferred assets"> 7,100,375</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_980_ecustom--DeferredTaxAssets1_iI_pn3n3_c20241231_zt2tW8OyF5Mc" style="text-align: right" title="Total deferred assets">7,345,326</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Total Deferred Liabilities</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_988_ecustom--DeferredTaxLiabilities1_iI_pn3n3_c20251231_zl4hWnDIn3u1" style="text-align: right" title="Total Deferred Liabilities"> (589,451)</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_980_ecustom--DeferredTaxLiabilities1_iI_pn3n3_c20241231_z0k0Ed4nIVK4" style="text-align: right" title="Total Deferred Liabilities">(541,329)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total Deferred</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231_zTVQ7vq22ri" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total deferred"> 6,510,924</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_98E_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231_z04odGYHWRz1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total deferred">6,803,997</td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Reversal of Assets: In 2025, the Company fully reversed the deferred tax assets at the subsidiaries Prada and Mipe. Write-off is based on IAS 12, due to the absence of the expected generation of future taxable profits that will allow these credits to be recovered.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">The item 'Other' comprises the tax effects on temporary differences, mainly comprising PLR provisions and interest capitalized in subsidiaries (notably CSN and CMIN, which represent 28% of the balance). In compliance with the recoverability criteria set forth in CPC 32 (IAS 12), Management chose not to establish deferred assets for the Company’s Prada, ERSA and FTL facilities (which represents 43% of the identified amount), given the absence of convincing evidence of the generation of taxable profit over the short term for these specific operations.</td></tr> </table> <p id="xdx_8AC_zqkTijeuTLL7" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company's corporate structure includes foreign subsidiaries, the income of which is taxed in the respective countries. During the period between 2021 and 2025, these subsidiaries generated profits in the amount of R$8,276. If the Brazilian tax authorities understand that these profits are subject to additional taxation in Brazil through income tax and social security contributions, these amounts, if due, would total approximately R$2,814.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Furthermore, Management evaluated the precepts of IFRIC 23 - "Uncertainty Over Income Tax Treatments" and recognized in 2021 the credit for the unconstitutionality of IRPJ and CSLL incidence on SELIC interest of mora values received due to tax undue repetition.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">A sensitivity analysis of tax credit consumption was conducted considering a variation of macroeconomic assumptions, operational performance, and liquidity events. Thus, considering the results of the study, which indicates that it is probable the existence of taxable income to use the balance of deferred income tax and social contribution.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_88C_ecustom--ScheduleOfEstimatedRecoveryOfDeferredTaxAssetsTableTextBlock_zaHGLdLInfv5" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details 3)"> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: left"><span id="xdx_8B6_zrQSAIbk29j9" style="display: none">Schedule of estimated recovery of deferred tax assets</span></td> <td style="font-family: Arial, sans-serif; text-align: right; background-color: white"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left; width: 80%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 20%">Consolidated</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; text-align: left">2026</td> <td id="xdx_981_ecustom--DeferredTaxAsset_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zPPgbq1oFfMg" style="font-family: Arial, sans-serif; text-align: right" title="Deferred Asset"> 1,923,153</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-family: Arial, sans-serif; text-align: left">2027</td> <td id="xdx_983_ecustom--DeferredTaxAsset_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zyAoqkLeKQl7" style="font-family: Arial, sans-serif; text-align: right" title="Deferred Asset"> (382,208)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; text-align: left">2028</td> <td id="xdx_98C_ecustom--DeferredTaxAsset_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zDPki1JiwyCh" style="font-family: Arial, sans-serif; text-align: right" title="Deferred Asset">200,491</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-family: Arial, sans-serif; text-align: left">2029</td> <td id="xdx_982_ecustom--DeferredTaxAsset_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zUslLDFZbkx2" style="font-family: Arial, sans-serif; text-align: right" title="Deferred Asset">368,890</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; text-align: left">2029 and beyond</td> <td id="xdx_982_ecustom--DeferredTaxAsset_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zKz0arfL9Kme" style="font-family: Arial, sans-serif; text-align: right" title="Deferred Asset"> 4,990,049</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Deferred asset</td> <td id="xdx_986_ecustom--GrossDeferredTaxAssets_iI_pn3n3_c20251231_zWDgeYgzNb13" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Net Deferred Asset"> 7,100,375</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif">Deferred liabilities - Parent Company</td> <td style="font-family: Helvetica light; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Net deferred asset</td> <td id="xdx_98C_eifrs-full--NetDeferredTaxAssets_pn3n3_c20251231_zVq7PmChKxIi" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Net Deferred Asset"> 7,100,375</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif">Deferred liabilities - subsidiaries</td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Net deferred asset</td> <td id="xdx_98C_eifrs-full--NetDeferredTaxAssets_pn3n3_c20251231_zJ0Ox8dBPDwi" style="border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Net Deferred Asset"> 7,100,375</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>20.c)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Changes in Deferred Income Tax and Social Contribution</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The change in deferred taxes is shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_889_ecustom--ScheduleOfChangesInDeferredIncomeTaxAndSocialContributionTableTextBlock_zkjuQCuDC2Ld" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details 4)"> <tr style="vertical-align: bottom; background-color: white"> <td><span id="xdx_8BB_zB9ttlpcL6c4" style="display: none">Schedule of changes in deferred tax and social contribution</span></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 20%">Consolidated</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="font-weight: bold">Balance at January 1, 2023</td> <td id="xdx_98F_eifrs-full--DeferredTaxLiabilityAsset_iS_pn3n3_c20230101__20231231_zKXyneYl8AJk" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Deferred taxes, beginning">4,878,768</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Recognized in profit and loss</td> <td id="xdx_986_ecustom--DeferredTaxRecognizedInResult_pn3n3_c20230101__20231231_zQS7eJmc8Jw7" style="text-align: right" title="Recognized in profit and loss"> 403,544</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Recognized in equity</td> <td id="xdx_98B_ecustom--DeferredTaxRecognizedInEquity_pn3n3_c20230101__20231231_zZ33B0ZKMpUh" style="text-align: right" title="Recognized in equity">(559,050)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Use of tax credit in installment program</td> <td id="xdx_98C_ecustom--DeferredTaxUseOfTaxCreditInInstallmentProgram_pn3n3_c20230101__20231231_zmZQYcS7rwL9" style="text-align: right" title="Use of tax credit in installment program">(445)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Reverse incorporation</td> <td id="xdx_98B_ecustom--DeferredTaxReverseIncorporation_pn3n3_c20230101__20231231_zr0OTshQnoVb" style="text-align: right" title="Reverse incorporation">6,815</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Balance at January 1, 2024</td> <td id="xdx_98A_eifrs-full--DeferredTaxLiabilityAsset_iS_pn3n3_c20240101__20241231_zhq1sjU9xil2" style="border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: right" title="Deferred taxes, beginning">4,729,632</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Recognized in profit and loss</td> <td id="xdx_981_ecustom--DeferredTaxRecognizedInResult_pn3n3_c20240101__20241231_zdPfdwRc9dH4" style="text-align: right" title="Recognized in the result">1,305,927</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Recognized in equity</td> <td id="xdx_98E_ecustom--DeferredTaxRecognizedInEquity_pn3n3_c20240101__20241231_zpIlgATXqD4c" style="text-align: right" title="Recognized in equity"> 769,162</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Use of tax credit in installment program</td> <td id="xdx_986_ecustom--DeferredTaxUseOfTaxCreditInInstallmentProgram_pn3n3_c20240101__20241231_zD05gWOtIAc2" style="text-align: right" title="Use of tax credit in installment program">(724)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Balance at December 31, 2024</td> <td id="xdx_988_eifrs-full--DeferredTaxLiabilityAsset_iS_pn3n3_c20250101__20251231_zJugBltgBoM9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Deferred taxes, beginning">6,803,997</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Recognized in profit and loss</td> <td id="xdx_984_ecustom--DeferredTaxRecognizedInResult_pn3n3_c20250101__20251231_zyHPWdyo6C2e" style="text-align: right" title="Recognized in profit and loss">1,094,263</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Recognized in equity</td> <td id="xdx_986_ecustom--DeferredTaxRecognizedInEquity_pn3n3_c20250101__20251231_zWFThZgJILU3" style="text-align: right" title="Recognized in equity"> (1,387,336)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Balance at December 31, 2025</td> <td id="xdx_98F_eifrs-full--DeferredTaxLiabilityAsset_iE_pn3n3_c20250101__20251231_zdtaCTdsnF1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Deferred taxes, ending">6,510,924</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>20.d)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Tax income and Social Contribution Recognized in Equity:</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.25in; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The income tax and social contribution recognized directly in equity are shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_883_ecustom--ScheduleOfInventoriesIncomeTaxAndSocialContributionRecognizedInShareholdersEquityTableTextBlock_zrkhLtST4kYb" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details 5)"> <tr style="vertical-align: middle"> <td style="color: #333333; width: 52%"><span id="xdx_8BD_zkKFu6KbeM46" style="display: none">Schedule of income tax and social contribution recognized in equity</span></td> <td style="color: #333333; width: 16%"> </td> <td style="color: #333333; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 14%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2023</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Income tax and social contribution</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Actuarial gains on defined benefit pension plan</td> <td id="xdx_98D_eifrs-full--DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231_z0VGxQ8MCGnj" style="text-align: right" title="Actuarial gains on defined benefit pension plan"> 50,702</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231_z4M0S00Dzqi2" style="text-align: right" title="Actuarial gains on defined benefit pension plan"> 76,876</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_pn3n3_c20230101__20231231_zfkTItevGJD7" style="text-align: right" title="Actuarial gains on defined benefit pension plan"> 83,436</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Exchange differences on translating foreign operations </td> <td id="xdx_98E_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_pn3n3_c20250101__20251231_zyHESqfx2GBi" style="text-align: right" title="Exchange differences on translating foreign operations"> (325,350)</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_pn3n3_c20240101__20241231_zKZ2GlHETqId" style="text-align: right" title="Exchange differences on translating foreign operations">(325,350)</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_pn3n3_c20230101__20231231_zO9PZ24gPAwg" style="text-align: right" title="Exchange differences on translating foreign operations"> (325,350)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Cash flow hedge</td> <td id="xdx_98B_ecustom--IncomeTaxRelatingToHedgesOfInvestmentsInEquityInstrumentsChargedOrCreditedDirectlyToEquity_pn3n3_c20250101__20251231_zLXbtLLScDe5" style="text-align: right" title="Cash flow hedge accounting"> 1,590,839</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--IncomeTaxRelatingToHedgesOfInvestmentsInEquityInstrumentsChargedOrCreditedDirectlyToEquity_pn3n3_c20240101__20241231_zvNwfZfnMrt3" style="text-align: right" title="Cash flow hedge accounting">2,906,859</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--IncomeTaxRelatingToHedgesOfInvestmentsInEquityInstrumentsChargedOrCreditedDirectlyToEquity_pn3n3_c20230101__20231231_zAcuk3WlqfOh" style="text-align: right" title="Cash flow hedge accounting"> 1,030,432</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Gain on sale of shares</td> <td id="xdx_98C_ecustom--GainOnSaleOfShares_pn3n3_c20250101__20251231_zRXLdtRsHf51" style="text-align: right" title="Gain on sale of shares">(1,158,102)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--GainOnSaleOfShares_pn3n3_c20240101__20241231_zglBKGDBVkda" style="text-align: right" title="Gain on sale of shares"> (1,158,102)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="color: #333333"> </td> <td id="xdx_987_eifrs-full--CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_pn3n3_c20250101__20251231_ztIttICldiK6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">158,089</td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_98C_eifrs-full--CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_pn3n3_c20240101__20241231_zsWO4l5D1foj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">1,500,283</td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_98A_eifrs-full--CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_pn3n3_c20230101__20231231_znb9S44ZXcRh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">788,518</td></tr> </table> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Current income tax and social contribution are calculated based on the tax laws enacted, on the balance sheet date, including in the countries in which the Group's entities operate and generate taxable profit. Management periodically evaluates tax positions related to income tax calculations, considering situations where applicable tax regulations are subject to interpretation, and establishes provisions, when appropriate, based on estimated payment values to tax authorities. Expenses with income tax and social contribution comprise current and deferred income taxes and are recognized in profit or loss, unless they are related to the business combination, or items directly recognized in shareholders' equity. </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; text-indent: 35.4pt"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Current tax expense is the expected tax payable on taxable income for the year, using enacted or substantively enacted tax rates at the balance sheet date, and any adjustments to tax payable in respect of prior years. Current income tax and social contribution are presented net, by a company that is part of the Company, in liabilities when there are amounts payable, or in assets when the amounts paid in advance exceed the total due on the reporting date.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; text-indent: 35.4pt"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Deferred tax is recognized in relation to temporary differences between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax is not recognized for temporary differences arising from the initial recognition of assets and liabilities in a transaction that is not a business combination and that affects neither accounting profit nor taxable profit or loss, differences related to investments in subsidiaries and controlled entities when they are unlikely to reverse in the foreseeable future, and from the initial recognition of goodwill, in accordance with IAS 12 - Income Taxes. The value of deferred tax determined is based on the expectation of realization or settlement of the temporary difference and uses the nominal rate approved or substantially approved.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Deferred tax assets and liabilities are presented at net value in the balance sheet when there is a legal right and the intention to offset it when calculating current taxes, usually related to the same legal entity and the same tax authority.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; text-indent: 35.4pt"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Income tax and social contribution deferred tax assets are recognized on recoverable balances of tax loss and negative CSLL base, tax credits and deductible temporary differences. Such assets are reviewed at each year-end closing date and will be reduced to the extent that their realization is no longer probable based on future taxable profits.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 1.45pt 0 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfIncomeTaxAndSocialContributionIncomeExpenseTableTextBlock_zN05KhKPj6jh" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details)"> <tr style="vertical-align: middle"> <td><span id="xdx_8BA_zhCJ6S4mveg7" style="display: none">Schedule of income tax and social contribution income expense</span></td> <td id="xdx_49D_20250101__20251231_zbShq4DD2oe7" style="text-align: center"> </td> <td> </td> <td id="xdx_494_20240101__20241231_zCwgi650NRIh" style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_49B_20230101__20231231_zK7cgu8PC5N6" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 58%"> </td> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 12%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 14%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2024</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2023</td></tr> <tr id="xdx_40E_ecustom--IncomeTaxExpenseContinuingOperationsAbstract_iB_zbVdXNrjiFif" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Income tax and social contribution income (expense)</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr id="xdx_402_eifrs-full--CurrentTaxExpenseIncome_pn3n3_ziPbSIQhWaea" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Current</td> <td style="text-align: right">(899,460)</td> <td style="text-align: right"> </td> <td style="text-align: right">(1,300,719)</td> <td style="text-align: right"> </td> <td style="text-align: right">(1,036,262)</td></tr> <tr id="xdx_401_eifrs-full--DeferredTaxExpenseIncome_pn3n3_zodg4ylTHfW1" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Deferred</td> <td style="text-align: right"> 1,094,263</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,305,927</td> <td style="text-align: right"> </td> <td style="text-align: right">403,544</td></tr> <tr id="xdx_40C_ecustom--GlobalMinimumTaxationPillar2_pn3n3_zhQDVYT46BFk" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Global Minimum taxation - Pillar 2</td> <td style="text-align: right">(22,011)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_401_ecustom--TotalIncomeTaxExpenseContinuingOperations_pn3n3_z2uJZFtCAz0i" style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold"><b style="display: none">Total</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 172,792</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 5,208</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (632,718)</td></tr> </table> -899460000 -1300719000 -1036262000 1094263000 1305927000 403544000 -22011000 172792000 5208000 -632718000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfReconciliationOfIncomeTaxAndSocialContributionIncomeExpenseTableTextBlock_zlpdh3AdDBr4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details 1)"> <tr style="vertical-align: middle"> <td><span id="xdx_8BF_z6thMccjV0Xl" style="display: none">Schedule of reconciliation of the Company's income tax and social contribution expenses</span></td> <td style="text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="width: 55%"> </td> <td style="width: 20%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 13%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 10%">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2024</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2023</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Profit/(Loss) before income tax and social contribution</td> <td id="xdx_98D_eifrs-full--AccountingProfit_pn3n3_c20250101__20251231_zd7aXjhnD4F1" style="font-weight: bold; text-align: right" title="Profit before income tax and social contribution">(1,679,518)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--AccountingProfit_pn3n3_c20240101__20241231_zS5bclsb5SC5" style="font-weight: bold; text-align: right" title="Profit before income tax and social contribution">(1,543,349)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--AccountingProfit_pn3n3_c20230101__20231231_zugKxZ3VNxv4" style="font-weight: bold; text-align: right" title="Profit before income tax and social contribution"> 1,035,367</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Tax rate</td> <td style="border-bottom: Black 0.5pt solid; text-align: right"><span id="xdx_907_eifrs-full--ApplicableTaxRate_pip0_dp_c20250101__20251231_zcHEjOecTg73" title="Tax rate">34</span>%</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"><span id="xdx_90A_eifrs-full--ApplicableTaxRate_pip0_dp_c20240101__20241231_zHh3kBaEtOa9" title="Tax rate">34</span>%</td> <td style="text-align: right"> </td> <td style="text-align: right"><span id="xdx_909_eifrs-full--ApplicableTaxRate_pip0_dp_c20230101__20231231_zYqzCWd2eqs7" title="Tax rate">34</span>%</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Income tax and social contribution at combined statutory rate</td> <td id="xdx_982_eifrs-full--TaxExpenseIncomeAtApplicableTaxRate_pn3n3_c20250101__20251231_zhzl7U7fouZ7" style="font-weight: bold; text-align: right" title="Income tax and social contribution at combined statutory rate">571,036</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--TaxExpenseIncomeAtApplicableTaxRate_pn3n3_c20240101__20241231_zWQv5qOATGGc" style="font-weight: bold; text-align: right" title="Income tax and social contribution at combined statutory rate">524,739</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--TaxExpenseIncomeAtApplicableTaxRate_pn3n3_c20230101__20231231_z3czdIp6u332" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Income tax and social contribution at combined statutory rate"> (352,025)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Adjustment to reflect the effective rate:</td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Equity in results of affiliated companies<span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td id="xdx_983_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--EquityInResultsOfAffiliatedCompaniesMember_zvJleP6Im4ci" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> 1,014,282</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--EquityInResultsOfAffiliatedCompaniesMember_zPsDheIP7fFa" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate">188,205</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--EquityInResultsOfAffiliatedCompaniesMember_zVUBzHqyh7wk" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate">178,978</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Effect of differentiated rates and tax-exempt profits in investments</td> <td id="xdx_98D_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--EffectOfDifferentiatedRatesAndTaxExemptProfitsInInvestmentsMember_zYVunBe2xpRg" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate">(1,209,761)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--EffectOfDifferentiatedRatesAndTaxExemptProfitsInInvestmentsMember_zXa5JqcMSsWg" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> (814,713)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--EffectOfDifferentiatedRatesAndTaxExemptProfitsInInvestmentsMember_zKzapRmH4bsf" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> (181,409)</td></tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Transfer Price Adjustment and Profits Abroad</td> <td id="xdx_989_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--TransferPricingAdjustmentAndProfitsAbroadMember_z8AEB1mNR7jk" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> (70,837)</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--TransferPricingAdjustmentAndProfitsAbroadMember_zKfdPewH8h15" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> (67,580)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--TransferPricingAdjustmentAndProfitsAbroadMember_zSy6gnekSnJb" style="vertical-align: middle; text-align: right" title="Adjustment to reflect the effective rate"> (91,883)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Income taxes and social contribution on foreign profit</td> <td id="xdx_98C_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--IncomeTaxAndSocialContributionOnForeignProfitMember_zhQ0ibwrWKMj" style="text-align: right" title="Adjustment to reflect the effective rate">7,172</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--IncomeTaxAndSocialContributionOnForeignProfitMember_zqiHCaBXIK95" style="text-align: right" title="Adjustment to reflect the effective rate">10,200</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--IncomeTaxAndSocialContributionOnForeignProfitMember_zno9ie6R6neb" style="text-align: right" title="Adjustment to reflect the effective rate">131,836</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Indebtdness limit</td> <td id="xdx_986_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--IndebtdnessLimitMember_z9fRi1AJv25l" style="text-align: right" title="Adjustment to reflect the effective rate"> (10,384)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Tax incentives</td> <td id="xdx_98F_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--TaxIncentivesMember_zbcJXVQrmwn1" style="text-align: right" title="Adjustment to reflect the effective rate">65,013</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--TaxIncentivesMember_zM8CTstrayt9" style="text-align: right" title="Adjustment to reflect the effective rate">102,087</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--TaxIncentivesMember_zRVRtxNVYrQb" style="text-align: right" title="Adjustment to reflect the effective rate">71,756</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Interest on equity</td> <td id="xdx_98B_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--InterestOnEquityMember_zz3We9OFoIe1" style="text-align: right" title="Adjustment to reflect the effective rate">87,912</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--InterestOnEquityMember_zBfwceF3w4ol" style="text-align: right" title="Adjustment to reflect the effective rate">79,282</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--InterestOnEquityMember_zFwrusYL6Vfe" style="text-align: right" title="Adjustment to reflect the effective rate">47,315</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Recognition/(reversal) of tax credits</td> <td id="xdx_984_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--RecognitionReversalOfTaxCreditsMember_zoNygNQK2C59" style="text-align: right" title="Adjustment to reflect the effective rate"> (64,690)</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--RecognitionReversalOfTaxCreditsMember_zMyYlvWjGmZ7" style="text-align: right" title="Adjustment to reflect the effective rate"> (62,088)</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--RecognitionReversalOfTaxCreditsMember_za1Pbd8TIQNb" style="text-align: right" title="Adjustment to reflect the effective rate"> (337,239)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Reversal for deferred income tax and social contribution credit</td> <td id="xdx_986_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--ReversalForDeferredIncomeTaxAndSocialContributionCreditMember_zt8ifUHhWqCj" style="text-align: right" title="Adjustment to reflect the effective rate"> (188,975)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Other permanent deductions (add-backs)</td> <td id="xdx_983_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20250101__20251231__custom--IncomeTaxAndSocialContributionAxis__custom--OtherPermanentDeductionsAdditionsMember_z1Va1RNsFSLg" style="text-align: right" title="Adjustment to reflect the effective rate"> (27,976)</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20240101__20241231__custom--IncomeTaxAndSocialContributionAxis__custom--OtherPermanentDeductionsAdditionsMember_zLMUgSH6xAd5" style="text-align: right" title="Adjustment to reflect the effective rate">45,076</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_pn3n3_c20230101__20231231__custom--IncomeTaxAndSocialContributionAxis__custom--OtherPermanentDeductionsAdditionsMember_zXPWeFQidjT4" style="text-align: right" title="Adjustment to reflect the effective rate"> (100,047)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Income tax and social contribution in net income for the period</td> <td id="xdx_98F_ecustom--IncomeTaxExpenseContinuingOperations1_pn3n3_c20250101__20251231_zT7G4jlbTUj3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Income tax and social contribution in net income for the year">172,792</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--IncomeTaxExpenseContinuingOperations1_pn3n3_c20240101__20241231_zCIS8rbUH5H" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Income tax and social contribution in net income for the year">5,208</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--IncomeTaxExpenseContinuingOperations1_pn3n3_c20230101__20231231_zum89fePGKx8" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Income tax and social contribution in net income for the year"> (632,718)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: left">Effective tax rate</td> <td style="font-weight: bold; text-align: right"><span id="xdx_90B_eifrs-full--TaxRateEffectOfTaxLosses_pip0_dp_c20250101__20251231_z9Cj2T5VhGTk" title="Effective tax rate">10</span>%</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"><span id="xdx_904_eifrs-full--TaxRateEffectOfTaxLosses_pip0_dp_c20240101__20241231_zBYJLJdy6WQ2" title="Effective tax rate">0</span>%</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"><span id="xdx_907_eifrs-full--TaxRateEffectOfTaxLosses_pip0_dp_c20230101__20231231_zOjbIgAfwKU6" title="Effective tax rate">61</span>%</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">These amounts reflect the effect of neutralizing the gain calculated on CSN’s sale of MRS's shares to its subsidiary CSN Mineração. As described in Note 10.a, this transaction generated an accounting gain at the parent company, however, since this transaction was performed under common control, this amount was neutralized through the investee’s unrealized profit. </td></tr> </table> -1679518000 -1543349000 1035367000 0.34 0.34 0.34 571036000 524739000 -352025000 1014282000 188205000 178978000 -1209761000 -814713000 -181409000 -70837000 -67580000 -91883000 7172000 10200000 131836000 -10384000 65013000 102087000 71756000 87912000 79282000 47315000 -64690000 -62088000 -337239000 -188975000 -27976000 45076000 -100047000 172792000 5208000 -632718000 0.10 0 0.61 <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfDeferredIncomeTaxAndSocialContributionTableTextBlock_zx198IyV1HDg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details 2)"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left"><span id="xdx_8B7_zDpsT4heR8A5" style="display: none">Schedule of deferred income tax and social contribution</span></td> <td style="padding-left: 30px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 30px; text-align: left"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" style="font-weight: bold; text-align: right">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom; text-align: center; width: 72%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 14%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 12%">12/31/2024</td> </tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left">Deferred</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: black 0.5pt solid; vertical-align: middle; text-align: right"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: black 0.5pt solid; vertical-align: middle; text-align: right"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Income tax losses</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98B_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--DeferredIncomeTaxLossesMember_zwUVi5WiZXv3" style="text-align: right" title="Total deferred"> 4,578,638</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98A_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--DeferredIncomeTaxLossesMember_z64Lj3fYyQb1" style="text-align: right" title="Total deferred">3,896,856</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Social contribution tax losses</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98D_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--DeferredSocialContributionTaxLossesMember_zKIniDmMUOW2" style="text-align: right" title="Total deferred"> 1,585,078</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98C_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--DeferredSocialContributionTaxLossesMember_zItYjVJmFR4j" style="text-align: right" title="Total deferred">1,336,041</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Temporary differences</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_987_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--TemporaryDifferencesMember_z2oTf5s9SHi4" style="font-weight: bold; text-align: right" title="Total deferred">347,208</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_981_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--TemporaryDifferencesMember_z9Aun4rihUjl" style="font-weight: bold; text-align: right" title="Total deferred">1,571,100</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Tax, social security, labor, civil and environmental provisions</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_989_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--TaxSocialSecurityLaborCivilAndEnvironmentalRisksMember_ziIm0EAWpJhj" style="text-align: right" title="Total deferred">391,345</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_980_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--TaxSocialSecurityLaborCivilAndEnvironmentalRisksMember_zs6k8cUush09" style="text-align: right" title="Total deferred"> 559,621</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Estimated losses on assets</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_989_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--EstimatedLossesOnAssetsMember_z4rA0dvyXgsc" style="text-align: right" title="Total deferred">375,880</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--EstimatedLossesOnAssetsMember_zKFNjonpxYc2" style="text-align: right" title="Total deferred"> 267,768</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Gains/(Losses) on financial assets</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98F_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--GainsLossesOnFinancialAssetsMember_zZYmhJxI8Swd" style="text-align: right" title="Total deferred">296,640</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_986_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--GainsLossesOnFinancialAssetsMember_zGmohK2ejux8" style="text-align: right" title="Total deferred"> 565,250</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Actuarial Liabilities (Pension and Health Plan)</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98D_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--ActuarialLiabilityPensionAndHealthcarePlanMember_zxy2Sncn9epk" style="text-align: right" title="Total deferred">141,088</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--ActuarialLiabilityPensionAndHealthcarePlanMember_znTjHHTlmi09" style="text-align: right" title="Total deferred"> 165,418</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Provision for consumption and services</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_987_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--ProvisionForConsumptionAndServicesMember_znFQApBARBA7" style="text-align: right" title="Total deferred"> 22,911</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--ProvisionForConsumptionAndServicesMember_zNfZEVr72gfl" style="text-align: right" title="Total deferred"> 4,933</td> </tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cash Flow Hedge and Unrealized Exchange Variations</td> <td style="padding-left: 30px; vertical-align: middle; text-align: left"> </td> <td id="xdx_98B_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--CashFlowHedgeAccountingMember_zG1BqYPGHYpb" style="vertical-align: middle; text-align: right" title="Total deferred">886,799</td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--CashFlowHedgeAccountingMember_zxAM4mi9bbsi" style="vertical-align: middle; text-align: right" title="Total deferred">2,014,231</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">(Gain) on loss of control of Transnordestina</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98E_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--GainLossOfControlInTransnordestinaMember_z4QbK54iGusc" style="text-align: right" title="Total deferred"> (224,096)</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98C_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--GainLossOfControlInTransnordestinaMember_zpMuhROqFW53" style="text-align: right" title="Total deferred">(224,096)</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Fair Value SWT/CBL Acquisition</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--FairValueSWTCBLAcquisitionMember_z2lYG12q5K4i" style="text-align: right" title="Total deferred"> (149,490)</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98E_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--FairValueSWTCBLAcquisitionMember_zg4v6mDgF2lc" style="text-align: right" title="Total deferred">(149,489)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Business combination</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98B_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--BusinessCombinationMember_zmjQ8CG79gs2" style="text-align: right" title="Total deferred">(1,462,402)</td> <td style="padding-left: 30px; text-align: left"> </td> <td id="xdx_98D_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--BusinessCombinationMember_z69XRdQNyFhk" style="text-align: right" title="Total deferred"> (1,425,853)</td> </tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Unrealized results – transactions between related parties</td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_981_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--UnrealizedResultsTransactionsBetweenRelatedPartiesMember_za02K0slP2aa" style="vertical-align: bottom; text-align: right" title="Total deferred">783,127</td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"></td> </tr> <tr style="background-color: rgb(220,230,241)"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">(Losses)/Estimated reversal for deferred income tax and social contribution credits <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--LossesEstimatedReversalForDeferredIncomeTaxAndSocialContributionCreditsMember_zNNmCmWyTNHl" style="vertical-align: bottom; text-align: right" title="Total deferred"> (188,975)</td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> </td> </tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Others <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98C_ecustom--OtherDeferredTax_iI_pn3n3_c20251231__custom--DeferredTaxAssetLiabilityAxis__custom--BusinessCombinationMember_zgBaPQtERHfa" style="vertical-align: bottom; text-align: right" title="Other"> (525,619)</td> <td style="padding-left: 30px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98D_ecustom--OtherDeferredTax_iI_pn3n3_c20241231__custom--DeferredTaxAssetLiabilityAxis__custom--BusinessCombinationMember_z06Qgwsq9lok" style="vertical-align: middle; text-align: right" title="Other">(206,683)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_98A_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231_zIpnbBgk0wSh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total deferred"> 6,510,924</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231_z4doXH5VeLJl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total deferred">6,803,997</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Total Deferred Assets</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_985_ecustom--DeferredTaxAssets1_iI_pn3n3_c20251231_zn3hhAd3L744" style="text-align: right" title="Total deferred assets"> 7,100,375</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_980_ecustom--DeferredTaxAssets1_iI_pn3n3_c20241231_zt2tW8OyF5Mc" style="text-align: right" title="Total deferred assets">7,345,326</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 15px; text-align: left">Total Deferred Liabilities</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_988_ecustom--DeferredTaxLiabilities1_iI_pn3n3_c20251231_zl4hWnDIn3u1" style="text-align: right" title="Total Deferred Liabilities"> (589,451)</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_980_ecustom--DeferredTaxLiabilities1_iI_pn3n3_c20241231_z0k0Ed4nIVK4" style="text-align: right" title="Total Deferred Liabilities">(541,329)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total Deferred</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_982_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20251231_zTVQ7vq22ri" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total deferred"> 6,510,924</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td id="xdx_98E_eifrs-full--DeferredTaxLiabilityAsset_iI_pn3n3_c20241231_z04odGYHWRz1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total deferred">6,803,997</td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Reversal of Assets: In 2025, the Company fully reversed the deferred tax assets at the subsidiaries Prada and Mipe. Write-off is based on IAS 12, due to the absence of the expected generation of future taxable profits that will allow these credits to be recovered.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">The item 'Other' comprises the tax effects on temporary differences, mainly comprising PLR provisions and interest capitalized in subsidiaries (notably CSN and CMIN, which represent 28% of the balance). In compliance with the recoverability criteria set forth in CPC 32 (IAS 12), Management chose not to establish deferred assets for the Company’s Prada, ERSA and FTL facilities (which represents 43% of the identified amount), given the absence of convincing evidence of the generation of taxable profit over the short term for these specific operations.</td></tr> </table> 4578638000 3896856000 1585078000 1336041000 347208000 1571100000 391345000 559621000 375880000 267768000 296640000 565250000 141088000 165418000 22911000 4933000 886799000 2014231000 -224096000 -224096000 -149490000 -149489000 -1462402000 -1425853000 783127000 -188975000 -525619000 -206683000 6510924000 6803997000 7100375000 7345326000 -589451000 -541329000 6510924000 6803997000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_88C_ecustom--ScheduleOfEstimatedRecoveryOfDeferredTaxAssetsTableTextBlock_zaHGLdLInfv5" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details 3)"> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: left"><span id="xdx_8B6_zrQSAIbk29j9" style="display: none">Schedule of estimated recovery of deferred tax assets</span></td> <td style="font-family: Arial, sans-serif; text-align: right; background-color: white"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left; width: 80%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 20%">Consolidated</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; text-align: left">2026</td> <td id="xdx_981_ecustom--DeferredTaxAsset_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zPPgbq1oFfMg" style="font-family: Arial, sans-serif; text-align: right" title="Deferred Asset"> 1,923,153</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-family: Arial, sans-serif; text-align: left">2027</td> <td id="xdx_983_ecustom--DeferredTaxAsset_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zyAoqkLeKQl7" style="font-family: Arial, sans-serif; text-align: right" title="Deferred Asset"> (382,208)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; text-align: left">2028</td> <td id="xdx_98C_ecustom--DeferredTaxAsset_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_zDPki1JiwyCh" style="font-family: Arial, sans-serif; text-align: right" title="Deferred Asset">200,491</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-family: Arial, sans-serif; text-align: left">2029</td> <td id="xdx_982_ecustom--DeferredTaxAsset_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_zUslLDFZbkx2" style="font-family: Arial, sans-serif; text-align: right" title="Deferred Asset">368,890</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif; text-align: left">2029 and beyond</td> <td id="xdx_982_ecustom--DeferredTaxAsset_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zKz0arfL9Kme" style="font-family: Arial, sans-serif; text-align: right" title="Deferred Asset"> 4,990,049</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Deferred asset</td> <td id="xdx_986_ecustom--GrossDeferredTaxAssets_iI_pn3n3_c20251231_zWDgeYgzNb13" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Net Deferred Asset"> 7,100,375</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif">Deferred liabilities - Parent Company</td> <td style="font-family: Helvetica light; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Net deferred asset</td> <td id="xdx_98C_eifrs-full--NetDeferredTaxAssets_pn3n3_c20251231_zVq7PmChKxIi" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Net Deferred Asset"> 7,100,375</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-family: Arial, sans-serif">Deferred liabilities - subsidiaries</td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Net deferred asset</td> <td id="xdx_98C_eifrs-full--NetDeferredTaxAssets_pn3n3_c20251231_zJ0Ox8dBPDwi" style="border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Net Deferred Asset"> 7,100,375</td></tr> </table> 1923153000 -382208000 200491000 368890000 4990049000 7100375000 7100375000 7100375000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_889_ecustom--ScheduleOfChangesInDeferredIncomeTaxAndSocialContributionTableTextBlock_zkjuQCuDC2Ld" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details 4)"> <tr style="vertical-align: bottom; background-color: white"> <td><span id="xdx_8BB_zB9ttlpcL6c4" style="display: none">Schedule of changes in deferred tax and social contribution</span></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 20%">Consolidated</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="font-weight: bold">Balance at January 1, 2023</td> <td id="xdx_98F_eifrs-full--DeferredTaxLiabilityAsset_iS_pn3n3_c20230101__20231231_zKXyneYl8AJk" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Deferred taxes, beginning">4,878,768</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Recognized in profit and loss</td> <td id="xdx_986_ecustom--DeferredTaxRecognizedInResult_pn3n3_c20230101__20231231_zQS7eJmc8Jw7" style="text-align: right" title="Recognized in profit and loss"> 403,544</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Recognized in equity</td> <td id="xdx_98B_ecustom--DeferredTaxRecognizedInEquity_pn3n3_c20230101__20231231_zZ33B0ZKMpUh" style="text-align: right" title="Recognized in equity">(559,050)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Use of tax credit in installment program</td> <td id="xdx_98C_ecustom--DeferredTaxUseOfTaxCreditInInstallmentProgram_pn3n3_c20230101__20231231_zmZQYcS7rwL9" style="text-align: right" title="Use of tax credit in installment program">(445)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Reverse incorporation</td> <td id="xdx_98B_ecustom--DeferredTaxReverseIncorporation_pn3n3_c20230101__20231231_zr0OTshQnoVb" style="text-align: right" title="Reverse incorporation">6,815</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Balance at January 1, 2024</td> <td id="xdx_98A_eifrs-full--DeferredTaxLiabilityAsset_iS_pn3n3_c20240101__20241231_zhq1sjU9xil2" style="border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: right" title="Deferred taxes, beginning">4,729,632</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Recognized in profit and loss</td> <td id="xdx_981_ecustom--DeferredTaxRecognizedInResult_pn3n3_c20240101__20241231_zdPfdwRc9dH4" style="text-align: right" title="Recognized in the result">1,305,927</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Recognized in equity</td> <td id="xdx_98E_ecustom--DeferredTaxRecognizedInEquity_pn3n3_c20240101__20241231_zpIlgATXqD4c" style="text-align: right" title="Recognized in equity"> 769,162</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Use of tax credit in installment program</td> <td id="xdx_986_ecustom--DeferredTaxUseOfTaxCreditInInstallmentProgram_pn3n3_c20240101__20241231_zD05gWOtIAc2" style="text-align: right" title="Use of tax credit in installment program">(724)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Balance at December 31, 2024</td> <td id="xdx_988_eifrs-full--DeferredTaxLiabilityAsset_iS_pn3n3_c20250101__20251231_zJugBltgBoM9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Deferred taxes, beginning">6,803,997</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Recognized in profit and loss</td> <td id="xdx_984_ecustom--DeferredTaxRecognizedInResult_pn3n3_c20250101__20251231_zyHPWdyo6C2e" style="text-align: right" title="Recognized in profit and loss">1,094,263</td></tr> <tr style="vertical-align: bottom; background-color: rgb(220,230,241)"> <td>Recognized in equity</td> <td id="xdx_986_ecustom--DeferredTaxRecognizedInEquity_pn3n3_c20250101__20251231_zWFThZgJILU3" style="text-align: right" title="Recognized in equity"> (1,387,336)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Balance at December 31, 2025</td> <td id="xdx_98F_eifrs-full--DeferredTaxLiabilityAsset_iE_pn3n3_c20250101__20251231_zdtaCTdsnF1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Deferred taxes, ending">6,510,924</td></tr> </table> 4878768000 403544000 -559050000 -445000 6815000 4729632000 1305927000 769162000 -724000 6803997000 1094263000 -1387336000 6510924000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_883_ecustom--ScheduleOfInventoriesIncomeTaxAndSocialContributionRecognizedInShareholdersEquityTableTextBlock_zrkhLtST4kYb" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - INCOME TAX AND SOCIAL CONTRIBUTION (Details 5)"> <tr style="vertical-align: middle"> <td style="color: #333333; width: 52%"><span id="xdx_8BD_zkKFu6KbeM46" style="display: none">Schedule of income tax and social contribution recognized in equity</span></td> <td style="color: #333333; width: 16%"> </td> <td style="color: #333333; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 14%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2023</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Income tax and social contribution</td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Actuarial gains on defined benefit pension plan</td> <td id="xdx_98D_eifrs-full--DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_pn3n3_c20250101__20251231_z0VGxQ8MCGnj" style="text-align: right" title="Actuarial gains on defined benefit pension plan"> 50,702</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_pn3n3_c20240101__20241231_z4M0S00Dzqi2" style="text-align: right" title="Actuarial gains on defined benefit pension plan"> 76,876</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_pn3n3_c20230101__20231231_zfkTItevGJD7" style="text-align: right" title="Actuarial gains on defined benefit pension plan"> 83,436</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Exchange differences on translating foreign operations </td> <td id="xdx_98E_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_pn3n3_c20250101__20251231_zyHESqfx2GBi" style="text-align: right" title="Exchange differences on translating foreign operations"> (325,350)</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_pn3n3_c20240101__20241231_zKZ2GlHETqId" style="text-align: right" title="Exchange differences on translating foreign operations">(325,350)</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_pn3n3_c20230101__20231231_zO9PZ24gPAwg" style="text-align: right" title="Exchange differences on translating foreign operations"> (325,350)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Cash flow hedge</td> <td id="xdx_98B_ecustom--IncomeTaxRelatingToHedgesOfInvestmentsInEquityInstrumentsChargedOrCreditedDirectlyToEquity_pn3n3_c20250101__20251231_zLXbtLLScDe5" style="text-align: right" title="Cash flow hedge accounting"> 1,590,839</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--IncomeTaxRelatingToHedgesOfInvestmentsInEquityInstrumentsChargedOrCreditedDirectlyToEquity_pn3n3_c20240101__20241231_zvNwfZfnMrt3" style="text-align: right" title="Cash flow hedge accounting">2,906,859</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--IncomeTaxRelatingToHedgesOfInvestmentsInEquityInstrumentsChargedOrCreditedDirectlyToEquity_pn3n3_c20230101__20231231_zAcuk3WlqfOh" style="text-align: right" title="Cash flow hedge accounting"> 1,030,432</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 15px; text-align: left">Gain on sale of shares</td> <td id="xdx_98C_ecustom--GainOnSaleOfShares_pn3n3_c20250101__20251231_zRXLdtRsHf51" style="text-align: right" title="Gain on sale of shares">(1,158,102)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--GainOnSaleOfShares_pn3n3_c20240101__20241231_zglBKGDBVkda" style="text-align: right" title="Gain on sale of shares"> (1,158,102)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="color: #333333"> </td> <td id="xdx_987_eifrs-full--CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_pn3n3_c20250101__20251231_ztIttICldiK6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">158,089</td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_98C_eifrs-full--CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_pn3n3_c20240101__20241231_zsWO4l5D1foj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">1,500,283</td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_98A_eifrs-full--CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_pn3n3_c20230101__20231231_znb9S44ZXcRh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">788,518</td></tr> </table> 50702000 76876000 83436000 -325350000 -325350000 -325350000 1590839000 2906859000 1030432000 -1158102000 -1158102000 158089000 1500283000 788518000 <p id="xdx_800_ecustom--DisclosureOfTaxesInInstallmentsExplanatory_zVGwxkla1Kjk" style="font: 10pt/115% Helvetica light,serif; margin: 0 1.45pt 0 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>21.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_82A_zIh6oQ7PLur8">TAXES IN INSTALLMENTS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The position of REFIS debts and other installment plans, recorded in installment taxes in current and non-current liabilities, as shown in note 20, are demonstrated as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--SummaryOfTaxesInInstallmentsTableTextBlock_zinnzh1hhWs9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TAXES IN INSTALLMENTS (Details)"> <tr style="vertical-align: middle; background-color: white"> <td><span id="xdx_8B3_zy4Zznxm0bqd" style="display: none">Schedule of taxes in installments</span></td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="width: 57%"> </td> <td style="width: 21%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 21%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Federal REFIS Law 11.941/09</td> <td id="xdx_98E_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--FederalRefisLawMember_z1N5KImU9LQc" style="text-align: right" title="Unclassified consolidates taxes in installments">9,942</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--FederalRefisLawMember_z8HUs7uSXPR7" style="text-align: right" title="Unclassified consolidates taxes in installments">9,942</td></tr> <tr style="vertical-align: middle"> <td>Federal REFIS Law 12.865/13</td> <td id="xdx_987_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--FederalRefisLaw1Member_zhffGaPUDqLh" style="text-align: right" title="Unclassified consolidates taxes in installments">22,036</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--FederalRefisLaw1Member_zDodgLGnN9ue" style="text-align: right" title="Unclassified consolidates taxes in installments">28,663</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Other taxes in installments</td> <td id="xdx_98C_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherTaxesInInstallmentsMember_zYouvJztppN" style="text-align: right" title="Unclassified consolidates taxes in installments">87,655</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherTaxesInInstallmentsMember_zKpGHGgW7sTc" style="text-align: right" title="Unclassified consolidates taxes in installments">121,576</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td id="xdx_98B_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20251231_zWwy4RaHxgh7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Unclassified consolidates taxes in installments">119,633</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20241231_z2dIRN0pez32" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Unclassified consolidates taxes in installments">160,181</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Current</td> <td id="xdx_981_ecustom--FederalRefisAndOtherTaxInstallmentPaymentPlansCurrent_iI_pn3n3_c20251231_ziUeJsM5BuPc" style="text-align: right" title="Current"> 30,727</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--FederalRefisAndOtherTaxInstallmentPaymentPlansCurrent_iI_pn3n3_c20241231_zPRwdu4hzcLd" style="text-align: right" title="Current"> 56,226</td></tr> <tr style="vertical-align: middle"> <td>Non-current</td> <td id="xdx_986_ecustom--FederalRefisAndOtherTaxInstallmentPaymentPlansNoncurrent_iI_pn3n3_c20251231_zF4rbXFc6Be3" style="text-align: right" title="Non-current"> 88,906</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--FederalRefisAndOtherTaxInstallmentPaymentPlansNoncurrent_iI_pn3n3_c20241231_zUjgQQJb17i2" style="text-align: right" title="Non-current">103,955</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td> </td> <td id="xdx_983_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20251231_znBz8g4mhA3e" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Unclassified consolidates taxes in installments">119,633</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20241231_zuaOGIQhUik3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Unclassified consolidates taxes in installments">160,181</td></tr> </table> <p id="xdx_8A1_ztjYk4gRK7Y7" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Refers to the balance arising from the adhesion to the REFIS related to the refinancing programs of Law 11,941/09, Law 12,865/13 and the installment that allows the taxpayer to pay the debts registered in overdue debt of the Federal Government with benefits, reduced payment and extended payment term. The installments are paid in monthly installments, with interest at the SELIC rate.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--SummaryOfTaxesInInstallmentsTableTextBlock_zinnzh1hhWs9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - TAXES IN INSTALLMENTS (Details)"> <tr style="vertical-align: middle; background-color: white"> <td><span id="xdx_8B3_zy4Zznxm0bqd" style="display: none">Schedule of taxes in installments</span></td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="width: 57%"> </td> <td style="width: 21%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 21%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Federal REFIS Law 11.941/09</td> <td id="xdx_98E_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--FederalRefisLawMember_z1N5KImU9LQc" style="text-align: right" title="Unclassified consolidates taxes in installments">9,942</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--FederalRefisLawMember_z8HUs7uSXPR7" style="text-align: right" title="Unclassified consolidates taxes in installments">9,942</td></tr> <tr style="vertical-align: middle"> <td>Federal REFIS Law 12.865/13</td> <td id="xdx_987_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--FederalRefisLaw1Member_zhffGaPUDqLh" style="text-align: right" title="Unclassified consolidates taxes in installments">22,036</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--FederalRefisLaw1Member_zDodgLGnN9ue" style="text-align: right" title="Unclassified consolidates taxes in installments">28,663</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Other taxes in installments</td> <td id="xdx_98C_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherTaxesInInstallmentsMember_zYouvJztppN" style="text-align: right" title="Unclassified consolidates taxes in installments">87,655</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--OtherTaxesInInstallmentsMember_zKpGHGgW7sTc" style="text-align: right" title="Unclassified consolidates taxes in installments">121,576</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td id="xdx_98B_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20251231_zWwy4RaHxgh7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Unclassified consolidates taxes in installments">119,633</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20241231_z2dIRN0pez32" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Unclassified consolidates taxes in installments">160,181</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Current</td> <td id="xdx_981_ecustom--FederalRefisAndOtherTaxInstallmentPaymentPlansCurrent_iI_pn3n3_c20251231_ziUeJsM5BuPc" style="text-align: right" title="Current"> 30,727</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--FederalRefisAndOtherTaxInstallmentPaymentPlansCurrent_iI_pn3n3_c20241231_zPRwdu4hzcLd" style="text-align: right" title="Current"> 56,226</td></tr> <tr style="vertical-align: middle"> <td>Non-current</td> <td id="xdx_986_ecustom--FederalRefisAndOtherTaxInstallmentPaymentPlansNoncurrent_iI_pn3n3_c20251231_zF4rbXFc6Be3" style="text-align: right" title="Non-current"> 88,906</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--FederalRefisAndOtherTaxInstallmentPaymentPlansNoncurrent_iI_pn3n3_c20241231_zUjgQQJb17i2" style="text-align: right" title="Non-current">103,955</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td> </td> <td id="xdx_983_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20251231_znBz8g4mhA3e" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Unclassified consolidates taxes in installments">119,633</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_ecustom--UnclassifiedConsolidatesTaxesInInstallments_iI_pn3n3_c20241231_zuaOGIQhUik3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Unclassified consolidates taxes in installments">160,181</td></tr> </table> 9942000 9942000 22036000 28663000 87655000 121576000 119633000 160181000 30727000 56226000 88906000 103955000 119633000 160181000 <p id="xdx_80C_ecustom--DisclosureOfOtherProvisionContingentLiabilitiesAndContingentAssetsExplanatory_zp171dEH3cv4" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>22.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_821_zVDgsNPsTwF8">PROVISIONS FOR TAX, SOCIAL SECURITY, LABOR, CIVIL AND ENVIRONMENTAL RISKS AND JUDICIAL DEPOSITS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Claims of different nature are being challenged at the appropriate courts. The details of provisioned values and respective judicial deposits related to these actions are presented below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_895_ecustom--SummaryOfAccruedAmountsAndJudicialDepositsTableTextBlock_zaGXE2SbWGZ7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROVISIONS FOR TAX, SOCIAL SECURITY, LABOR, CIVIL AND ENVIRONMENTAL RISKS AND JUDICIAL DEPOSITS (Details)"> <tr style="vertical-align: middle; background-color: white"> <td><span id="xdx_8BE_zY3SepJM1VZ6" style="display: none">Schedule of accrued amounts and judicial deposits</span></td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="width: 36%"> </td> <td style="width: 1%"> </td> <td style="width: 15%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 15%"> </td> <td style="width: 1%"> </td> <td style="width: 15%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 15%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; background-color: white"> </td> <td style="font-weight: bold; background-color: white"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Accrued liabilities</td> <td style="border-top: Black 0.5pt solid; font-weight: bold"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Judicial deposits</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; background-color: white"> </td> <td style="font-weight: bold; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Tax</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_98C_eifrs-full--Accruals_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zzex6AIz4Ypb" style="text-align: right" title="Accrued liabilities">89,522</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--Accruals_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_z84R6VagdN9c" style="text-align: right" title="Accrued liabilities">130,755</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--DepositsFromBanks_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zSZCi3gRvn38" style="text-align: right" title="Judicial deposits">182,569</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zoqYthYPRTX1" style="text-align: right" title="Judicial deposits">176,086</td></tr> <tr style="vertical-align: middle"> <td style="text-align: left">Social security</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_982_eifrs-full--Accruals_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zF6hdXaGu6bc" style="text-align: right" title="Accrued liabilities">13,533</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--Accruals_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zaizWLviI4O5" style="text-align: right" title="Accrued liabilities">1,546</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Labor</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_981_eifrs-full--Accruals_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_ztfIsAEOr5c8" style="text-align: right" title="Accrued liabilities">486,045</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Accruals_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zp3jHGwGEZQ1" style="text-align: right" title="Accrued liabilities">387,612</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--DepositsFromBanks_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zZz47G7NPRwa" style="text-align: right" title="Judicial deposits">372,571</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zwm6bPbQVbI7" style="text-align: right" title="Judicial deposits">294,233</td></tr> <tr style="vertical-align: middle"> <td style="text-align: left">Civil</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_981_eifrs-full--Accruals_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zemw1Q3rqn0l" style="text-align: right" title="Accrued liabilities">224,984</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--Accruals_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zHXPapWhj53b" style="text-align: right" title="Accrued liabilities">815,180</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--DepositsFromBanks_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zYwq94uX4zQc" style="text-align: right" title="Judicial deposits">34,361</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_z1qrzvadWr79" style="text-align: right" title="Judicial deposits">134,609</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Environmental</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_98B_eifrs-full--Accruals_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_z4o9QhP39Jui" style="text-align: right" title="Accrued liabilities">60,092</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--Accruals_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zbtkK1imZzoh" style="text-align: right" title="Accrued liabilities">42,609</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--DepositsFromBanks_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zN1tKraoHRR6" style="text-align: right" title="Judicial deposits">6,317</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zc7A8iB1Py98" style="text-align: right" title="Judicial deposits">3,723</td></tr> <tr style="vertical-align: middle"> <td style="text-align: left">Deposit of a guarantee</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> </td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--DepositsFromBanks_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DepositOfAGuaranteeMember_z3eTxOXZYXHa" style="border-bottom: Black 0.5pt solid; text-align: right" title="Judicial deposits">25,194</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DepositOfAGuaranteeMember_zmFTNKoxJCMi" style="border-bottom: Black 0.5pt solid; text-align: right" title="Judicial deposits">24,299</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_982_eifrs-full--Accruals_pn3n3_c20251231_zYtmaaRqW6Mh" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Accrued liabilities">874,176</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Accruals_iI_pn3n3_c20241231_zJfWxMquqAz2" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Accrued liabilities">1,377,702</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--DepositsFromBanks_iI_pn3n3_c20251231_zfBn9KyFMgma" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Judicial deposits">621,012</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231_zCvpykw9wwbl" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Judicial deposits">632,950</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Current</td> <td style="font-weight: bold"> </td> <td id="xdx_98B_ecustom--AccruedLiabilitieCurrent_iI_pn3n3_c20251231_z6RoyS8JqVp7" style="text-align: right" title="Accrued liabilities current">61,455</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AccruedLiabilitieCurrent_iI_pn3n3_c20241231_zUsepLyfIVsj" style="text-align: right" title="Accrued liabilities current">132,112</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: middle">Non-current</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--AccruedLiabilitiesNonCurrent_iI_pn3n3_c20251231_zcvhq34DPnfg" style="vertical-align: middle; text-align: right" title="Accrued liabilities non current">812,721</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_ecustom--AccruedLiabilitiesNonCurrent_iI_pn3n3_c20241231_z8elig6HRZda" style="vertical-align: middle; text-align: right" title="Accrued liabilities non current">1,245,590</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_ecustom--JudicialDepositsNonCurrent_iI_pn3n3_c20251231_z9y00HX1SbT4" style="vertical-align: middle; text-align: right" title="Judicial deposits non current">621,012</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--JudicialDepositsNonCurrent_iI_pn3n3_c20241231_zyrJx0fwjo2f" style="vertical-align: middle; text-align: right" title="Judicial deposits non current">632,950</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_eifrs-full--Accruals_iI_pn3n3_c20251231_zxcwir3XScE8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Accrued liabilities">874,176</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Accruals_iI_pn3n3_c20241231_zlwHQjfYZ2Bl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Accrued liabilities">1,377,702</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--DepositsFromBanks_iI_pn3n3_c20251231_zdbonuH13Hr5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Judicial deposits">621,012</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231_zIzodKuFWVTl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Judicial deposits">632,950</td></tr> </table> <p id="xdx_8AB_zpdzddCa9y55" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The changes in tax, social security, labor, civil and environmental provisions in the year ended December 31, 2025, can be summarized as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--SummaryOfChangesInProvisionForTaxSocialSecurityLaborCivilAndEnvironmentalRisksTableTextBlock_zrab67bJR75b" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROVISIONS FOR TAX, SOCIAL SECURITY, LABOR, CIVIL AND ENVIRONMENTAL RISKS AND JUDICIAL DEPOSITS (Details 1)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B6_zoMCUDfjdCZ6" style="display: none">Schedule of changes in the provision for tax, social security, labor, civil and environmental risks</span></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="width: 12%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 20%"> </td> <td style="width: 1%"> </td> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 12%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">Current + Non-current</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Nature</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Additions</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Accrued charges</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Acquisition of stakes in subsidiaries (note 3)</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Net utilization of reversal</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Tax</td> <td style="text-align: left"> </td> <td id="xdx_98B_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zhEOoFUks2r8" style="text-align: right" title="Accrued liabilities, beginning">130,755</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zhiaRMBZ329a" style="text-align: right" title="Additions"> 22,647</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--AccruedCharges_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_z8Aeb5ozcNld" style="text-align: right" title="Accrued charges">6,460</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--AcquisitionOfStakesInSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zYnAuC1oDO37" style="text-align: right" title="Acquisition of stakes in subsidiaries"> 12,691</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zJVt95QOqv7l" style="text-align: right" title="Net utilization of reversal"> (83,031)</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zqEfKTpN5PF7" style="text-align: right" title="Accrued liabilities, ending"> 89,522</td></tr> <tr style="vertical-align: middle"> <td style="text-align: left">Social security</td> <td style="text-align: left"> </td> <td id="xdx_98B_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zOQFxWsWDKve" style="text-align: right" title="Accrued liabilities, beginning">1,546</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zmJmha4U32f6" style="text-align: right" title="Additions"> 11,997</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--AccruedCharges_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zgGBtVizeZL8" style="text-align: right" title="Accrued charges">66</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zg1J22NabWP7" style="text-align: right" title="Net utilization of reversal"> (76)</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_z5B9aZKJ0lW" style="text-align: right" title="Accrued liabilities, ending"> 13,533</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Labor</td> <td style="text-align: left"> </td> <td id="xdx_982_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_z0uCodFiXGq7" style="text-align: right" title="Accrued liabilities, beginning">387,612</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zm2UMtZ0Gi2" style="text-align: right" title="Additions"> 93,263</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AccruedCharges_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zFDNGIPN9P4d" style="text-align: right" title="Accrued charges">95,814</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--AcquisitionOfStakesInSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_z8529d7ZaWVe" style="text-align: right" title="Acquisition of stakes in subsidiaries"> 12,093</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zFUCKyR6PRg2" style="text-align: right" title="Net utilization of reversal"> (102,737)</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zLih8yMAK4G9" style="text-align: right" title="Accrued liabilities, ending">486,045</td></tr> <tr style="vertical-align: middle"> <td style="text-align: left">Cívil <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="text-align: left"> </td> <td id="xdx_989_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zFOpaIjW5tN6" style="text-align: right" title="Accrued liabilities, beginning">815,180</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zWiAzFzEf0a4" style="text-align: right" title="Additions"> 10,270</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--AccruedCharges_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zRKONgLMAxkd" style="text-align: right" title="Accrued charges">25,418</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--AcquisitionOfStakesInSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zLr4XgnafSrj" style="text-align: right" title="Acquisition of stakes in subsidiaries"> 44</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_z32mHJjBaTS5" style="text-align: right" title="Net utilization of reversal"> (625,928)</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zDBbMiJLPABb" style="text-align: right" title="Accrued liabilities, ending">224,984</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Environmental</td> <td style="text-align: left"> </td> <td id="xdx_986_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zFYCIieGuN13" style="text-align: right" title="Accrued liabilities, beginning">42,609</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zhr7vlUWZHp2" style="text-align: right" title="Additions"> 24,036</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--AccruedCharges_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zjFxlouHgqn5" style="text-align: right" title="Accrued charges">2,203</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zWDfhJyiVQj6" style="text-align: right" title="Net utilization of reversal"> (8,756)</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zM5U5RTTUbR7" style="text-align: right" title="Accrued liabilities, ending"> 60,092</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: left"> </td> <td style="text-align: left"> </td> <td id="xdx_986_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231_zNpLpvOPcoFh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Accrued liabilities, beginning"> 1,377,702</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231_zSh18ZrZ1sQh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Additions"> 162,213</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--AccruedCharges_pn3n3_c20250101__20251231_zlB04rm1awo5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Accrued charges">129,961</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_ecustom--AcquisitionOfStakesInSubsidiaries_pn3n3_c20250101__20251231_zALjZ3xf0rFg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Acquisition of stakes in subsidiaries"> 24,828</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231_zH3y0jPBVIk8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Net utilization of reversal"> (820,528)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231_z2lhe1wtaJGk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Accrued liabilities, ending">874,176</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Action to discuss ruling handed down against CSN by Brazilian antitrust authorities (CADE) regarding alleged formation of cement cartel risk classified as follows: possible in the 2nd quarter of 2025, in accordance with the current jurisprudential understanding on the subject and opinion issued by the Company's legal advisors. " The value of these proceedings exclusively caused a reversal of R$493,000.</td></tr> </table> <p id="xdx_8AB_zl6VEASqUF01" style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Provisions for taxes, social security, labor, civil and environmental matters have been estimated by management and substantially substantiated by legal counsel, and only those causes that are considered probable of loss are recorded. These provisions also include tax liabilities arising from actions taken at the Company's initiative, plus SELIC (Special System for Settlement and Custody) interest.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Tax Proceedings</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The main legal proceedings considered by external legal consultants as having a probable loss probability, in which CSN or its subsidiaries are parties, of a tax nature are: (i) some ISS tax infraction notices (ii) divergences between calculated and collected ICMS (iii) Compensation requests not approved due to lack of credit rights.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Labor Lawsuits</span></b> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Group appears as a defendant in labor claims. Most of the claims in these lawsuits relate to subsidiary and/or joint liability, equal pay, hazard and danger pay allowances, overtime, health plans, compensation claims for alleged occupational diseases or work accidents, intra-day break periods, and differences in profit sharing for the years 1997 to 1999 and 2000 to 2003.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">During the year ended December 31, 2024, there were additions and write-offs of labor proceedings due to definitive closures, in addition to the Company's ongoing review of accounting estimates related to provisions and contingencies. These reviews consider the different types of claims involved, as established in the Company's accounting policies.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Civil Lawsuits</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Among the civil lawsuits in which he appears as a defendant, there are mainly lawsuits with a claim for compensation. Such processes, in general, result from work accidents, occupational diseases, contractual discussions related to the Group's industrial activities, real estate actions, health plans.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Environmental Processes</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The main environmental proceedings considered by external legal consultants as having probable loss probability, in which CSN or its subsidiaries are parties, are (i) administrative violation notices for alleged environmental infractions (ii) annulment lawsuits and tax foreclosures resulting from environmental fines and (iii) procedural fines for alleged non-compliance with court orders.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Among the environmental administrative/judicial proceedings in which the Company is a defendant are administrative procedures aimed at verifying possible environmental irregularities and regularizing environmental licenses. In the judicial sphere, there are actions to enforce fines imposed due to such alleged irregularities and public civil actions seeking regularization combined with compensation, which consist of environmental restoration in most cases. Such processes are generally derived from discussions of supposed environmental impacts related to the Company's industrial activities.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span style="text-decoration: underline">Administrative and Judicial Proceedings</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company does not make provisions for legal proceedings whose expectation of the Management, based on the opinion of legal advisors, is of possible loss. The following table shows a summary of the balance of the main matters classified as possible risk compared to the balance as of December 31, 2025, with December 31, 2024.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company is involved in other legal proceedings classified by the legal advisors as a possible loss and therefore represent present obligations for which the outflow of funds is not probable. As of December 31, 2025, these proceedings involved a total of R$<span id="xdx_90A_ecustom--OtherLegalProceedings_pn3n3_c20250101__20251231_zO4SVjZpkih" title="Other legal proceedings">47,419,219</span> (R$<span id="xdx_908_ecustom--OtherLegalProceedings_pn3n3_c20240101__20241231_zQmcFBpiSGC1" title="Other legal proceedings">48,454,570</span> on December 31, 2024), R$<span id="xdx_901_ecustom--LaborProceedings_pn3n3_c20250101__20251231_zRYql1usnakj" title="Labor proceedings">2,894,042</span> of which involve labor proceedings (R$<span id="xdx_903_ecustom--LaborProceedings_pn3n3_c20240101__20241231_zFqxwwnnF4Qc" title="Labor proceedings">2,580,452</span> on December 31, 2024), R$<span id="xdx_902_ecustom--CivilProceedings_pn3n3_c20250101__20251231_zm2booHBCrZ6" title="Civil proceedings">3,845,589</span> civil proceedings (R$<span id="xdx_90B_ecustom--CivilProceedings_pn3n3_c20240101__20241231_zb5T6N9YLpe2" title="Civil proceedings">2,964,501</span> on December 31, 2024), R$<span id="xdx_902_ecustom--TaxProceedings_pn3n3_c20250101__20251231_zPy0d4SUCs1l" title="Tax proceedings">38,597,353</span> tax proceedings (R$<span id="xdx_909_ecustom--TaxProceedings_pn3n3_c20240101__20241231_zAYn0dwqEVv" title="Tax proceedings">41,326,595</span> on December 31, 2024), and R$<span id="xdx_906_ecustom--EnvironmentalProceedings_pn3n3_c20250101__20251231_zir8AFn1x5ol" title="Environmental proceedings">2,082,235</span> environmental proceedings (R$<span id="xdx_903_ecustom--EnvironmentalProceedings_pn3n3_c20240101__20241231_zHFgQHfZrupb" title="Environmental proceedings">1,583,021</span> on December 31, 2024).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--SummaryOfLegalMattersWithPossibleRiskOfLossTableTextBlock_z6qr374evpmi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROVISIONS FOR TAX, SOCIAL SECURITY, LABOR, CIVIL AND ENVIRONMENTAL RISKS AND JUDICIAL DEPOSITS (Details 2)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify; width: 80%"><span id="xdx_8B2_zyJKt4043zwe" style="display: none">Schedule of legal matters with possible risk of loss</span></td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%">Consolidated</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Notice of Violation and Imposition of Fine (AIIM) / Tax Foreclosure - RFB - IRPJ/CSLL - Capital Gain for alleged sale of equity interest in subsidiary NAMISA<span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter1Member_z8ZIFNRfWpRc" style="text-align: right" title="Legal matters with possible risk of loss"> 6,554,452</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter1Member_zHyad4jjzz71" style="text-align: right" title="Legal matters with possible risk of loss"> 10,246,424</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Assessment Notice and Imposition of fine (AIIM) - Income tax and Social contribution - Disallowance of deductions of goodwill generated in the reverse incorporation of Big Jump by NAMISA.<span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_98E_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter2Member_zSkXIdrbSzSf" style="text-align: right" title="Legal matters with possible risk of loss"> 3,512,216</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter2Member_zEF15YnI5zT4" style="text-align: right" title="Legal matters with possible risk of loss"> 4,346,118</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Notice of Violation and Imposition of Fine (AIIM) / Tax Enforcement - RFB - IRPJ/CSLL - Disallowance of prepayment interest arising from iron ore supply and port services contracts</td> <td style="font-size: 11pt"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter3Member_zUKDM7KceF1f" style="text-align: right" title="Legal matters with possible risk of loss"> 2,264,620</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter3Member_zpbwNiLr8mv3" style="text-align: right" title="Legal matters with possible risk of loss"> 2,284,914</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">Notice of Violation and Imposition of Fine (AIIM) / Writ of Mandamus - RFB - IRPJ/CSLL - Profits earned abroad in 2008, 2010, 2011, 2012, 2014, 2015, 2016, 2017 and 2018 <span style="font: normal 400 8pt Helvetica light">⁽³⁾</span></td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_98A_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter4Member_zcWqN2JF4ks2" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 5,858,583</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter4Member_ztMneGmUUNE4" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 6,239,017</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Unapproved compensation - RFB - IRPJ/CSLL, PIS/COFINS and IPI</td> <td style="font-size: 11pt"> </td> <td id="xdx_98A_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter5Member_zYsqyCBRLHse" style="text-align: right" title="Legal matters with possible risk of loss"> 2,319,108</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter5Member_zXy0ar8rr1se" style="text-align: right" title="Legal matters with possible risk of loss"> 2,169,108</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Unapproved compensation - RFB - Disallowance of credits from topic 69/STF (ICMS in the calculation base of PIS/COFINS) <span style="font: normal 400 8pt Helvetica light">⁽⁴⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter6Member_zTdBdt2qOEKf" style="text-align: right" title="Legal matters with possible risk of loss">751,209</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: bottom; text-align: justify">Assessment Notice - SEFAZ/RJ - ICMS- questions about sales for incentive area <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_98F_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter7Member_zhRP9eCE6hr6" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 1,309,079</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter7Member_z8zH8ToTGse2" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 1,460,763</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Notice of Violation and Imposition of Fine (AIIM) - RFB - Disallowance of PIS/COFINS Credits for inputs and freight</td> <td style="font-size: 11pt"> </td> <td id="xdx_98E_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter8Member_zrKjlAiIjmz3" style="text-align: right" title="Legal matters with possible risk of loss"> 1,875,734</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter8Member_zO2pVtV9SUn1" style="text-align: right" title="Legal matters with possible risk of loss"> 1,499,578</td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">CFEM – difference of understanding between CSN and ANM on the calculation basis </td> <td style="font-size: 11pt"> </td> <td id="xdx_98B_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter9Member_z6P8QRbqO6G6" style="text-align: right" title="Legal matters with possible risk of loss"> 1,715,523</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter9Member_zqAlqeLaiFce" style="text-align: right" title="Legal matters with possible risk of loss"> 1,570,733</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">Notice of Infraction and Imposition of Fine (AIIM) - RFB - Collection IRRF - Business Combinations CMIN 2015</td> <td style="vertical-align: bottom"> </td> <td id="xdx_983_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter10Member_zz2Oz0XUgc6c" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">221,203</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter10Member_z8b3ImWqZTne" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">205,621</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">ICMS - SEFAZ/RJ - ICMS Credits for acquisition of Electric Energy Industrialization</td> <td style="font-size: 11pt"> </td> <td id="xdx_98A_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter11Member_z9j8xxO6llc6" style="text-align: right" title="Legal matters with possible risk of loss"> 43,716</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter11Member_zTGaMJvkmlwk" style="text-align: right" title="Legal matters with possible risk of loss"> 39,939</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">Notice of Violation and Imposition of Fine (AIIM) - IRPJ/CSLL - Disallowance of deductions of goodwill generated in the acquisition of Cimentos Mauá</td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_98E_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter12Member_znd4H20xzTNh" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">434,203</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter12Member_zNCBMSu51Du9" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">422,499</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">ICMS - SEFAZ/RJ- Disallowance of the ICMS credits - Transfer of iron ore <span style="font: normal 400 8pt Helvetica light">⁽⁶⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_98D_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter13Member_znXI20dcQWb9" style="text-align: right" title="Legal matters with possible risk of loss">705,480</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter13Member_zB9JcltXEHm4" style="text-align: right" title="Legal matters with possible risk of loss">779,093</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">ICMS - SEFAZ/RJ - Disallowance of credits on purchases of intermediate products</td> <td style="vertical-align: bottom"> </td> <td id="xdx_983_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter14Member_z8lM1BP5nlW1" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">497,950</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter14Member_zaOy7utaEkp2" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">488,238</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Disallowance of tax loss and negative calculation base resulting from adjustments in SAPLI - RFB</td> <td style="font-size: 11pt"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter15Member_zEfdTvy4Z9hc" style="text-align: right" title="Legal matters with possible risk of loss">871,652</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter15Member_zlajalJ1Bq0h" style="text-align: right" title="Legal matters with possible risk of loss">798,226</td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Infraction and Fine Imposition Notices (AIIM) - RFB - IRPJ/CSLL - Transfer Pricing <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁷⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_985_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter16Member_zfbax7NQTc31" style="text-align: right" title="Legal matters with possible risk of loss"> 73,556</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter16Member_z7ZOinZTDDTd" style="text-align: right" title="Legal matters with possible risk of loss">389,919</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">ICMS - SEFAZ/RJ - Transfer of imported raw material for a value lower than the TECAR import document</td> <td style="font-size: 11pt"> </td> <td id="xdx_988_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter17Member_zzzaPeB6IAYg" style="text-align: right" title="Legal matters with possible risk of loss">458,694</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter17Member_zSnrVvHPGpBa" style="text-align: right" title="Legal matters with possible risk of loss">422,807</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Assessment Notice and imposition of fine (AIIM)/ Action for annulment - IRRF- Capital Gain of CFM vendors located abroad <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁸⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_985_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter18Member_zf4BWNJ6ohnc" style="text-align: right" title="Legal matters with possible risk of loss">163,996</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter18Member_zbr3M4A2Wtk7" style="text-align: right" title="Legal matters with possible risk of loss">338,273</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Other tax lawsuits (federal, state, and municipal)</td> <td style="font-size: 11pt"> </td> <td id="xdx_981_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter19Member_zGJ0EBOtrQHl" style="text-align: right" title="Legal matters with possible risk of loss"> 8,357,638</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter19Member_zHsPJSmL2Ole" style="text-align: right" title="Legal matters with possible risk of loss"> 6,977,524</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">Social security lawsuits</td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_987_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter20Member_zBkDLkqBlbv9" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">751,191</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter20Member_zP5A9W8jjCsa" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">647,801</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Action to discuss the balance of the construction contract – Tebas</td> <td style="font-size: 11pt"> </td> <td id="xdx_98A_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter21Member_zeTrQPK677G2" style="text-align: right" title="Legal matters with possible risk of loss">650,979</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter21Member_zf0Od3xjlKN6" style="text-align: right" title="Legal matters with possible risk of loss">621,724</td></tr> <tr> <td style="vertical-align: bottom; text-align: justify"> </td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">Action related to power supply payment’s charge - Light</td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_982_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter22Member_zMsMRaPvOOa2" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">551,756</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter22Member_zlMRTj8Ms7X" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">492,535</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Action that discusses Negotiation of energy sales - COPEN - CEEE-G</td> <td style="font-size: 11pt"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter23Member_z1M1nnOjIrUi" style="text-align: right" title="Legal matters with possible risk of loss">247,883</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter23Member_zoXiRwx8heia" style="text-align: right" title="Legal matters with possible risk of loss">229,983</td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: justify">Action to discuss the condenation applied by Brazilian antitrust authorities (CADE) to CSN Company about <span style="font: normal 400 8pt Helvetica light">⁽⁹⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_989_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter24Member_z3xMCfKtXkCb" style="text-align: right" title="Legal matters with possible risk of loss">510,404</td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: bottom; text-align: justify">Other civil lawsuits</td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_985_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter25Member_zXPwynbvFIAi" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 1,958,195</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter25Member_zg9XDSSMyhx" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 1,620,259</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Labor and social security lawsuits</td> <td style="font-size: 11pt"> </td> <td id="xdx_983_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter26Member_zkW3g0guLmOg" style="text-align: right" title="Legal matters with possible risk of loss"> 3,001,846</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter26Member_zWNMYmmCM8Ai" style="text-align: right" title="Legal matters with possible risk of loss"> 2,580,452</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: bottom; text-align: justify">Tax Execution Traffic Ticket Volta Grande IV</td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_981_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter27Member_zjiYOkeJf3F1" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">168,746</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter27Member_zVtWF8xNcPec" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">152,322</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">ACP Landfill Márcia I </td> <td style="font-size: 11pt"> </td> <td id="xdx_98B_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter28Member_zHxr7XLNU0N9" style="text-align: right" title="Legal matters with possible risk of loss">306,389</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter28Member_zGzM353QHpS8" style="text-align: right" title="Legal matters with possible risk of loss">306,389</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Notice of IEF Commitment Term</td> <td style="vertical-align: bottom"> </td> <td id="xdx_982_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter29Member_zvf1Y4pz2s5j" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">337,951</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter29Member_zOHz6R0Ekz0c" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">337,951</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Other environmental lawsuits</td> <td style="font-size: 11pt"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter30Member_zfqBH06CNcve" style="text-align: right" title="Legal matters with possible risk of loss">894,523</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter30Member_zhBUWxowCjSg" style="text-align: right" title="Legal matters with possible risk of loss">786,360</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Impact from acquisition of shareholding in Grupo Estrela <span style="font: normal 400 8pt Helvetica light">⁽¹⁰⁾</span></td> <td style="vertical-align: bottom"> </td> <td id="xdx_985_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter31Member_z7wiSGO02wPi" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 50,745</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: justify"> </td> <td style="font-size: 11pt; font-weight: bold"> </td> <td id="xdx_989_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231_zrtNYZFyiVOd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Legal matters with possible risk of loss"> 47,419,220</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231_zxYnwjNZvPoj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Legal matters with possible risk of loss"> 48,454,570</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Notice of Violation and Imposition of Fine (AIIM) - IRPJ/CSLL - Capital Gain for alleged sale of equity interest in subsidiary NAMISA: On 12/29/2025, a mandatory fine and interest were canceled through the application of Federal Law 14.689/2023, which lead to a reduction of R$4 billion in liabilities.</td></tr> </table> <p style="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">Notice of Violation and Imposition of Fine (AIIM)- IRPJ/CSLL - Disallowance of goodwill deductions generated in the reverse incorporation of Big Jump by Namisa. On 09/05/2025, the Company succeeded in requesting a mandatory debt review for the cancellation of a fine and interest under Law 14.689/2023.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">Notices of Violation and Imposition of Fine (AIIM) / Writ of Mandamus - RFB - IRPJ/CSLL - Profits earned abroad in 2008, 2010, 2011, 2012, 2014, 2015, 2016, 2017 and 2018 Adjustments were made to contingencies so that they accurately reflect the updated values according to the indexes determined by the Public Treasury, contained in the statements issued by the Government.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(4)</td> <td style="text-align: justify; width: 98%">Unapproved compensation - RFB - Disallowance of credits under 69/STF theme (ICMS in PIS/COFINS calculation basis) in March 2025, CSN was informed of the rulings that partially approved the compensations executed with credits arising from the final and unappealable lawsuit recognizing the unconstitutionality of the inclusion of ICMS values in the PIS and COFINS contribution calculation basis. According to the federal supervisory body, approximately 20% of the credit authorized by the company would lack sufficient liquidity and certainty and therefore, could not compose the amount to be offset. Given these rulings, CSN presented a manifestation of non-conformity to demonstrate the inappropriateness of the premises adopted by the supervisory body and liquidity and legal certainty underpinning complete authorized credits.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(5)</td> <td style="text-align: justify; width: 98%">ICMS - SEFAZ/RJ - Questions about sales for Incentive Area Adjustments were made to contingencies so that they accurately reflect the updated values according to the indexes determined by the Public Treasury, contained in the statements issued by the Government.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(6)</td> <td style="text-align: justify; width: 98%">ICMS - SEFAZ/RJ - Disallowance of credits on Transfer of Iron Ore Adjustments were made to contingencies so that they accurately reflect the updated values according to the indexes determined by the Public Treasury, contained in the statements issued by the Government.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(7)</td> <td style="text-align: justify; width: 98%">Notices of Violation and Fine Imposition (AIIM) - RFB - IRPJ/CSLL - Transfer Pricing the Company partially succeeded in the Appeal filed in Case 16682.720.529/2023-56, closing a possible contingency of R$212,691.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(8)</td> <td style="text-align: justify; width: 98%">Notice of Violation and Imposition of Fine (AIIM) /Annulment Action - RFB - IRRF - Capital Gain of CFM company sellers located abroad with support in legal opinion, the prognosis of possible remote loss on mandatory fine and interest was reclassified, as the disallowance determined by Federal Law 14.689/2023 is applicable to the case</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(9)</td> <td style="text-align: justify; width: 98%">Action to discuss ruling handed down against CSN by Brazilian antitrust authorities (CADE) regarding alleged formation of cement cartel risk classified as possible in the 2nd quarter of 2025, in accordance with the current jurisprudential understanding on the subject and opinion issued by the Company's legal advisors.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(10)</td> <td style="text-align: justify; width: 98%">Reflection of the acquisition of equity interest in Grupo Estrela regarding the acquisition of a stake in Grupo Estrela on April 1, 2025. According to CPC 15 (R1) – Business combination, the Company has one year, as of this date, to form the respective business combination, which may impact the recorded fair value within this period based on an appraisal report. The acquisition of this company generated a possible contingency increase on December 31, 2025.</td></tr> </table> <p id="xdx_8A7_zLNOdPSTxIBi" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In the 1st quarter of 2021, the Company was notified of the start of an arbitration proceeding based on an alleged breach of iron ore supply contracts. The opposing party's claim at that time totaled approximately US$1 billion, and the Company understands the allegations presented to be unfounded by the complete absence of damages, based on the assessment of its legal advisors. The Company wishes to inform that it has prepared, together with its legal advisors, a response to the arbitration request and is currently preparing its defense. It also wishes to clarify that discussions involve ongoing arbitration disputes initiated by both parties. It is also estimated that the arbitration will be completed in approximately 12 months. The relevance of the proceedings for the Company is related to the value attributed to the case and the possible financial impact.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company has offered judicial guarantees (Surety Bond/Letter of Guarantee) in the total and updated amount as of December 31, 2025, of R$<span id="xdx_908_ecustom--UpdatedAmount_iI_pn3n3_c20251231_z8sutrgW6eq7" title="Updated amount">11,020</span> (R$<span id="xdx_907_ecustom--UpdatedAmount_iI_pn3n3_c20241231_zVo8v4NoNqLd" title="Updated amount">10,620</span> as of December 31, 2024), as determined under current procedural legislation.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The evaluations carried out by legal advisors define these administrative and judicial proceedings as a possible risk of loss and are not provisioned in accordance with Management's judgment and accounting practices adopted in Brazil.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Provisions are only recorded when classified as probable loss risk, estimated and considered by Management, substantially based on the assessment of its legal advisors, and when resources will be necessary to settle the obligation. This obligation is updated according to the evolution of the lawsuit or financial charges incurred and may be reversed if the estimated loss is no longer considered probable due to changes in circumstances or written off when the obligation is settled.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Contingent liability recognized under a business combination is initially measured at its fair value. It is subsequently measured at the higher of the amount that would be recognized in accordance with the provision requirements above or the amount initially recognized less (when appropriate) accumulated amortization recognized in accordance with revenue recognition requirements.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_895_ecustom--SummaryOfAccruedAmountsAndJudicialDepositsTableTextBlock_zaGXE2SbWGZ7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROVISIONS FOR TAX, SOCIAL SECURITY, LABOR, CIVIL AND ENVIRONMENTAL RISKS AND JUDICIAL DEPOSITS (Details)"> <tr style="vertical-align: middle; background-color: white"> <td><span id="xdx_8BE_zY3SepJM1VZ6" style="display: none">Schedule of accrued amounts and judicial deposits</span></td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="width: 36%"> </td> <td style="width: 1%"> </td> <td style="width: 15%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 15%"> </td> <td style="width: 1%"> </td> <td style="width: 15%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 15%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; background-color: white"> </td> <td style="font-weight: bold; background-color: white"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Accrued liabilities</td> <td style="border-top: Black 0.5pt solid; font-weight: bold"> </td> <td colspan="3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Judicial deposits</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; background-color: white"> </td> <td style="font-weight: bold; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right; background-color: white"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Tax</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_98C_eifrs-full--Accruals_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zzex6AIz4Ypb" style="text-align: right" title="Accrued liabilities">89,522</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--Accruals_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_z84R6VagdN9c" style="text-align: right" title="Accrued liabilities">130,755</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--DepositsFromBanks_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zSZCi3gRvn38" style="text-align: right" title="Judicial deposits">182,569</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zoqYthYPRTX1" style="text-align: right" title="Judicial deposits">176,086</td></tr> <tr style="vertical-align: middle"> <td style="text-align: left">Social security</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_982_eifrs-full--Accruals_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zF6hdXaGu6bc" style="text-align: right" title="Accrued liabilities">13,533</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--Accruals_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zaizWLviI4O5" style="text-align: right" title="Accrued liabilities">1,546</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Labor</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_981_eifrs-full--Accruals_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_ztfIsAEOr5c8" style="text-align: right" title="Accrued liabilities">486,045</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Accruals_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zp3jHGwGEZQ1" style="text-align: right" title="Accrued liabilities">387,612</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--DepositsFromBanks_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zZz47G7NPRwa" style="text-align: right" title="Judicial deposits">372,571</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zwm6bPbQVbI7" style="text-align: right" title="Judicial deposits">294,233</td></tr> <tr style="vertical-align: middle"> <td style="text-align: left">Civil</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_981_eifrs-full--Accruals_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zemw1Q3rqn0l" style="text-align: right" title="Accrued liabilities">224,984</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--Accruals_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zHXPapWhj53b" style="text-align: right" title="Accrued liabilities">815,180</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--DepositsFromBanks_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zYwq94uX4zQc" style="text-align: right" title="Judicial deposits">34,361</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_z1qrzvadWr79" style="text-align: right" title="Judicial deposits">134,609</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Environmental</td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_98B_eifrs-full--Accruals_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_z4o9QhP39Jui" style="text-align: right" title="Accrued liabilities">60,092</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--Accruals_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zbtkK1imZzoh" style="text-align: right" title="Accrued liabilities">42,609</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--DepositsFromBanks_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zN1tKraoHRR6" style="text-align: right" title="Judicial deposits">6,317</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zc7A8iB1Py98" style="text-align: right" title="Judicial deposits">3,723</td></tr> <tr style="vertical-align: middle"> <td style="text-align: left">Deposit of a guarantee</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> </td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--DepositsFromBanks_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DepositOfAGuaranteeMember_z3eTxOXZYXHa" style="border-bottom: Black 0.5pt solid; text-align: right" title="Judicial deposits">25,194</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--DepositOfAGuaranteeMember_zmFTNKoxJCMi" style="border-bottom: Black 0.5pt solid; text-align: right" title="Judicial deposits">24,299</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_982_eifrs-full--Accruals_pn3n3_c20251231_zYtmaaRqW6Mh" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Accrued liabilities">874,176</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Accruals_iI_pn3n3_c20241231_zJfWxMquqAz2" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Accrued liabilities">1,377,702</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--DepositsFromBanks_iI_pn3n3_c20251231_zfBn9KyFMgma" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Judicial deposits">621,012</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231_zCvpykw9wwbl" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Judicial deposits">632,950</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold">Classified:</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Current</td> <td style="font-weight: bold"> </td> <td id="xdx_98B_ecustom--AccruedLiabilitieCurrent_iI_pn3n3_c20251231_z6RoyS8JqVp7" style="text-align: right" title="Accrued liabilities current">61,455</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AccruedLiabilitieCurrent_iI_pn3n3_c20241231_zUsepLyfIVsj" style="text-align: right" title="Accrued liabilities current">132,112</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: middle">Non-current</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_986_ecustom--AccruedLiabilitiesNonCurrent_iI_pn3n3_c20251231_zcvhq34DPnfg" style="vertical-align: middle; text-align: right" title="Accrued liabilities non current">812,721</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_ecustom--AccruedLiabilitiesNonCurrent_iI_pn3n3_c20241231_z8elig6HRZda" style="vertical-align: middle; text-align: right" title="Accrued liabilities non current">1,245,590</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_ecustom--JudicialDepositsNonCurrent_iI_pn3n3_c20251231_z9y00HX1SbT4" style="vertical-align: middle; text-align: right" title="Judicial deposits non current">621,012</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--JudicialDepositsNonCurrent_iI_pn3n3_c20241231_zyrJx0fwjo2f" style="vertical-align: middle; text-align: right" title="Judicial deposits non current">632,950</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_eifrs-full--Accruals_iI_pn3n3_c20251231_zxcwir3XScE8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Accrued liabilities">874,176</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Accruals_iI_pn3n3_c20241231_zlwHQjfYZ2Bl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Accrued liabilities">1,377,702</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--DepositsFromBanks_iI_pn3n3_c20251231_zdbonuH13Hr5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Judicial deposits">621,012</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--DepositsFromBanks_iI_pn3n3_c20241231_zIzodKuFWVTl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right" title="Judicial deposits">632,950</td></tr> </table> 89522000 130755000 182569000 176086000 13533000 1546000 486045000 387612000 372571000 294233000 224984000 815180000 34361000 134609000 60092000 42609000 6317000 3723000 25194000 24299000 874176000 1377702000 621012000 632950000 61455000 132112000 812721000 1245590000 621012000 632950000 874176000 1377702000 621012000 632950000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--SummaryOfChangesInProvisionForTaxSocialSecurityLaborCivilAndEnvironmentalRisksTableTextBlock_zrab67bJR75b" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROVISIONS FOR TAX, SOCIAL SECURITY, LABOR, CIVIL AND ENVIRONMENTAL RISKS AND JUDICIAL DEPOSITS (Details 1)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B6_zoMCUDfjdCZ6" style="display: none">Schedule of changes in the provision for tax, social security, labor, civil and environmental risks</span></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="width: 12%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 20%"> </td> <td style="width: 1%"> </td> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 12%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">Current + Non-current</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Nature</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Additions</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Accrued charges</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Acquisition of stakes in subsidiaries (note 3)</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Net utilization of reversal</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Tax</td> <td style="text-align: left"> </td> <td id="xdx_98B_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zhEOoFUks2r8" style="text-align: right" title="Accrued liabilities, beginning">130,755</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zhiaRMBZ329a" style="text-align: right" title="Additions"> 22,647</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--AccruedCharges_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_z8Aeb5ozcNld" style="text-align: right" title="Accrued charges">6,460</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--AcquisitionOfStakesInSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zYnAuC1oDO37" style="text-align: right" title="Acquisition of stakes in subsidiaries"> 12,691</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zJVt95QOqv7l" style="text-align: right" title="Net utilization of reversal"> (83,031)</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--TaxMember_zqEfKTpN5PF7" style="text-align: right" title="Accrued liabilities, ending"> 89,522</td></tr> <tr style="vertical-align: middle"> <td style="text-align: left">Social security</td> <td style="text-align: left"> </td> <td id="xdx_98B_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zOQFxWsWDKve" style="text-align: right" title="Accrued liabilities, beginning">1,546</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zmJmha4U32f6" style="text-align: right" title="Additions"> 11,997</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--AccruedCharges_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zgGBtVizeZL8" style="text-align: right" title="Accrued charges">66</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_zg1J22NabWP7" style="text-align: right" title="Net utilization of reversal"> (76)</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--SocialSecurityMember_z5B9aZKJ0lW" style="text-align: right" title="Accrued liabilities, ending"> 13,533</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Labor</td> <td style="text-align: left"> </td> <td id="xdx_982_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_z0uCodFiXGq7" style="text-align: right" title="Accrued liabilities, beginning">387,612</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zm2UMtZ0Gi2" style="text-align: right" title="Additions"> 93,263</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--AccruedCharges_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zFDNGIPN9P4d" style="text-align: right" title="Accrued charges">95,814</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--AcquisitionOfStakesInSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_z8529d7ZaWVe" style="text-align: right" title="Acquisition of stakes in subsidiaries"> 12,093</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zFUCKyR6PRg2" style="text-align: right" title="Net utilization of reversal"> (102,737)</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--LaborMember_zLih8yMAK4G9" style="text-align: right" title="Accrued liabilities, ending">486,045</td></tr> <tr style="vertical-align: middle"> <td style="text-align: left">Cívil <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="text-align: left"> </td> <td id="xdx_989_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zFOpaIjW5tN6" style="text-align: right" title="Accrued liabilities, beginning">815,180</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zWiAzFzEf0a4" style="text-align: right" title="Additions"> 10,270</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--AccruedCharges_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zRKONgLMAxkd" style="text-align: right" title="Accrued charges">25,418</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--AcquisitionOfStakesInSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zLr4XgnafSrj" style="text-align: right" title="Acquisition of stakes in subsidiaries"> 44</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_z32mHJjBaTS5" style="text-align: right" title="Net utilization of reversal"> (625,928)</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--CivilMember_zDBbMiJLPABb" style="text-align: right" title="Accrued liabilities, ending">224,984</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Environmental</td> <td style="text-align: left"> </td> <td id="xdx_986_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zFYCIieGuN13" style="text-align: right" title="Accrued liabilities, beginning">42,609</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zhr7vlUWZHp2" style="text-align: right" title="Additions"> 24,036</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--AccruedCharges_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zjFxlouHgqn5" style="text-align: right" title="Accrued charges">2,203</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zWDfhJyiVQj6" style="text-align: right" title="Net utilization of reversal"> (8,756)</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalMember_zM5U5RTTUbR7" style="text-align: right" title="Accrued liabilities, ending"> 60,092</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: left"> </td> <td style="text-align: left"> </td> <td id="xdx_986_eifrs-full--Accruals_iS_pn3n3_c20250101__20251231_zNpLpvOPcoFh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Accrued liabilities, beginning"> 1,377,702</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--AdditionsToAccruals_pn3n3_c20250101__20251231_zSh18ZrZ1sQh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Additions"> 162,213</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--AccruedCharges_pn3n3_c20250101__20251231_zlB04rm1awo5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Accrued charges">129,961</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_ecustom--AcquisitionOfStakesInSubsidiaries_pn3n3_c20250101__20251231_zALjZ3xf0rFg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Acquisition of stakes in subsidiaries"> 24,828</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_ecustom--NetUtilizationOfAccrualReversal_pn3n3_c20250101__20251231_zH3y0jPBVIk8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Net utilization of reversal"> (820,528)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Accruals_iE_pn3n3_c20250101__20251231_z2lhe1wtaJGk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Accrued liabilities, ending">874,176</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Action to discuss ruling handed down against CSN by Brazilian antitrust authorities (CADE) regarding alleged formation of cement cartel risk classified as follows: possible in the 2nd quarter of 2025, in accordance with the current jurisprudential understanding on the subject and opinion issued by the Company's legal advisors. " The value of these proceedings exclusively caused a reversal of R$493,000.</td></tr> </table> 130755000 22647000 6460000 12691000 -83031000 89522000 1546000 11997000 66000 -76000 13533000 387612000 93263000 95814000 12093000 -102737000 486045000 815180000 10270000 25418000 44000 -625928000 224984000 42609000 24036000 2203000 -8756000 60092000 1377702000 162213000 129961000 24828000 -820528000 874176000 47419219000 48454570000 2894042000 2580452000 3845589000 2964501000 38597353000 41326595000 2082235000 1583021000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--SummaryOfLegalMattersWithPossibleRiskOfLossTableTextBlock_z6qr374evpmi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROVISIONS FOR TAX, SOCIAL SECURITY, LABOR, CIVIL AND ENVIRONMENTAL RISKS AND JUDICIAL DEPOSITS (Details 2)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify; width: 80%"><span id="xdx_8B2_zyJKt4043zwe" style="display: none">Schedule of legal matters with possible risk of loss</span></td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%">Consolidated</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Notice of Violation and Imposition of Fine (AIIM) / Tax Foreclosure - RFB - IRPJ/CSLL - Capital Gain for alleged sale of equity interest in subsidiary NAMISA<span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter1Member_z8ZIFNRfWpRc" style="text-align: right" title="Legal matters with possible risk of loss"> 6,554,452</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter1Member_zHyad4jjzz71" style="text-align: right" title="Legal matters with possible risk of loss"> 10,246,424</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Assessment Notice and Imposition of fine (AIIM) - Income tax and Social contribution - Disallowance of deductions of goodwill generated in the reverse incorporation of Big Jump by NAMISA.<span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_98E_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter2Member_zSkXIdrbSzSf" style="text-align: right" title="Legal matters with possible risk of loss"> 3,512,216</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter2Member_zEF15YnI5zT4" style="text-align: right" title="Legal matters with possible risk of loss"> 4,346,118</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Notice of Violation and Imposition of Fine (AIIM) / Tax Enforcement - RFB - IRPJ/CSLL - Disallowance of prepayment interest arising from iron ore supply and port services contracts</td> <td style="font-size: 11pt"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter3Member_zUKDM7KceF1f" style="text-align: right" title="Legal matters with possible risk of loss"> 2,264,620</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter3Member_zpbwNiLr8mv3" style="text-align: right" title="Legal matters with possible risk of loss"> 2,284,914</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">Notice of Violation and Imposition of Fine (AIIM) / Writ of Mandamus - RFB - IRPJ/CSLL - Profits earned abroad in 2008, 2010, 2011, 2012, 2014, 2015, 2016, 2017 and 2018 <span style="font: normal 400 8pt Helvetica light">⁽³⁾</span></td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_98A_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter4Member_zcWqN2JF4ks2" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 5,858,583</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter4Member_ztMneGmUUNE4" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 6,239,017</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Unapproved compensation - RFB - IRPJ/CSLL, PIS/COFINS and IPI</td> <td style="font-size: 11pt"> </td> <td id="xdx_98A_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter5Member_zYsqyCBRLHse" style="text-align: right" title="Legal matters with possible risk of loss"> 2,319,108</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter5Member_zXy0ar8rr1se" style="text-align: right" title="Legal matters with possible risk of loss"> 2,169,108</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Unapproved compensation - RFB - Disallowance of credits from topic 69/STF (ICMS in the calculation base of PIS/COFINS) <span style="font: normal 400 8pt Helvetica light">⁽⁴⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter6Member_zTdBdt2qOEKf" style="text-align: right" title="Legal matters with possible risk of loss">751,209</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: bottom; text-align: justify">Assessment Notice - SEFAZ/RJ - ICMS- questions about sales for incentive area <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁵⁾</span></td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_98F_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter7Member_zhRP9eCE6hr6" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 1,309,079</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter7Member_z8zH8ToTGse2" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 1,460,763</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Notice of Violation and Imposition of Fine (AIIM) - RFB - Disallowance of PIS/COFINS Credits for inputs and freight</td> <td style="font-size: 11pt"> </td> <td id="xdx_98E_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter8Member_zrKjlAiIjmz3" style="text-align: right" title="Legal matters with possible risk of loss"> 1,875,734</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter8Member_zO2pVtV9SUn1" style="text-align: right" title="Legal matters with possible risk of loss"> 1,499,578</td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">CFEM – difference of understanding between CSN and ANM on the calculation basis </td> <td style="font-size: 11pt"> </td> <td id="xdx_98B_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter9Member_z6P8QRbqO6G6" style="text-align: right" title="Legal matters with possible risk of loss"> 1,715,523</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter9Member_zqAlqeLaiFce" style="text-align: right" title="Legal matters with possible risk of loss"> 1,570,733</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">Notice of Infraction and Imposition of Fine (AIIM) - RFB - Collection IRRF - Business Combinations CMIN 2015</td> <td style="vertical-align: bottom"> </td> <td id="xdx_983_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter10Member_zz2Oz0XUgc6c" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">221,203</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter10Member_z8b3ImWqZTne" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">205,621</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">ICMS - SEFAZ/RJ - ICMS Credits for acquisition of Electric Energy Industrialization</td> <td style="font-size: 11pt"> </td> <td id="xdx_98A_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter11Member_z9j8xxO6llc6" style="text-align: right" title="Legal matters with possible risk of loss"> 43,716</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter11Member_zTGaMJvkmlwk" style="text-align: right" title="Legal matters with possible risk of loss"> 39,939</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">Notice of Violation and Imposition of Fine (AIIM) - IRPJ/CSLL - Disallowance of deductions of goodwill generated in the acquisition of Cimentos Mauá</td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_98E_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter12Member_znd4H20xzTNh" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">434,203</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter12Member_zNCBMSu51Du9" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">422,499</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">ICMS - SEFAZ/RJ- Disallowance of the ICMS credits - Transfer of iron ore <span style="font: normal 400 8pt Helvetica light">⁽⁶⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_98D_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter13Member_znXI20dcQWb9" style="text-align: right" title="Legal matters with possible risk of loss">705,480</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter13Member_zB9JcltXEHm4" style="text-align: right" title="Legal matters with possible risk of loss">779,093</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">ICMS - SEFAZ/RJ - Disallowance of credits on purchases of intermediate products</td> <td style="vertical-align: bottom"> </td> <td id="xdx_983_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter14Member_z8lM1BP5nlW1" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">497,950</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter14Member_zaOy7utaEkp2" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">488,238</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Disallowance of tax loss and negative calculation base resulting from adjustments in SAPLI - RFB</td> <td style="font-size: 11pt"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter15Member_zEfdTvy4Z9hc" style="text-align: right" title="Legal matters with possible risk of loss">871,652</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter15Member_zlajalJ1Bq0h" style="text-align: right" title="Legal matters with possible risk of loss">798,226</td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Infraction and Fine Imposition Notices (AIIM) - RFB - IRPJ/CSLL - Transfer Pricing <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁷⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_985_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter16Member_zfbax7NQTc31" style="text-align: right" title="Legal matters with possible risk of loss"> 73,556</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter16Member_z7ZOinZTDDTd" style="text-align: right" title="Legal matters with possible risk of loss">389,919</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">ICMS - SEFAZ/RJ - Transfer of imported raw material for a value lower than the TECAR import document</td> <td style="font-size: 11pt"> </td> <td id="xdx_988_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter17Member_zzzaPeB6IAYg" style="text-align: right" title="Legal matters with possible risk of loss">458,694</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter17Member_zSnrVvHPGpBa" style="text-align: right" title="Legal matters with possible risk of loss">422,807</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Assessment Notice and imposition of fine (AIIM)/ Action for annulment - IRRF- Capital Gain of CFM vendors located abroad <span style="font: normal 400 8pt HELVETICA LIGHT">⁽⁸⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_985_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter18Member_zf4BWNJ6ohnc" style="text-align: right" title="Legal matters with possible risk of loss">163,996</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter18Member_zbr3M4A2Wtk7" style="text-align: right" title="Legal matters with possible risk of loss">338,273</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Other tax lawsuits (federal, state, and municipal)</td> <td style="font-size: 11pt"> </td> <td id="xdx_981_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter19Member_zGJ0EBOtrQHl" style="text-align: right" title="Legal matters with possible risk of loss"> 8,357,638</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter19Member_zHsPJSmL2Ole" style="text-align: right" title="Legal matters with possible risk of loss"> 6,977,524</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">Social security lawsuits</td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_987_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter20Member_zBkDLkqBlbv9" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">751,191</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter20Member_zP5A9W8jjCsa" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">647,801</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Action to discuss the balance of the construction contract – Tebas</td> <td style="font-size: 11pt"> </td> <td id="xdx_98A_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter21Member_zeTrQPK677G2" style="text-align: right" title="Legal matters with possible risk of loss">650,979</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter21Member_zf0Od3xjlKN6" style="text-align: right" title="Legal matters with possible risk of loss">621,724</td></tr> <tr> <td style="vertical-align: bottom; text-align: justify"> </td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="vertical-align: bottom; text-align: justify">Action related to power supply payment’s charge - Light</td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_982_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter22Member_zMsMRaPvOOa2" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">551,756</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter22Member_zlMRTj8Ms7X" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">492,535</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: justify">Action that discusses Negotiation of energy sales - COPEN - CEEE-G</td> <td style="font-size: 11pt"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter23Member_z1M1nnOjIrUi" style="text-align: right" title="Legal matters with possible risk of loss">247,883</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter23Member_zoXiRwx8heia" style="text-align: right" title="Legal matters with possible risk of loss">229,983</td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: justify">Action to discuss the condenation applied by Brazilian antitrust authorities (CADE) to CSN Company about <span style="font: normal 400 8pt Helvetica light">⁽⁹⁾</span></td> <td style="font-size: 11pt"> </td> <td id="xdx_989_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter24Member_z3xMCfKtXkCb" style="text-align: right" title="Legal matters with possible risk of loss">510,404</td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify"> </td> <td style="font-size: 11pt"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: bottom; text-align: justify">Other civil lawsuits</td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_985_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter25Member_zXPwynbvFIAi" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 1,958,195</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter25Member_zg9XDSSMyhx" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 1,620,259</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Labor and social security lawsuits</td> <td style="font-size: 11pt"> </td> <td id="xdx_983_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter26Member_zkW3g0guLmOg" style="text-align: right" title="Legal matters with possible risk of loss"> 3,001,846</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter26Member_zWNMYmmCM8Ai" style="text-align: right" title="Legal matters with possible risk of loss"> 2,580,452</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: bottom; text-align: justify">Tax Execution Traffic Ticket Volta Grande IV</td> <td style="font-size: 11pt; vertical-align: middle"> </td> <td id="xdx_981_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter27Member_zjiYOkeJf3F1" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">168,746</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter27Member_zVtWF8xNcPec" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">152,322</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">ACP Landfill Márcia I </td> <td style="font-size: 11pt"> </td> <td id="xdx_98B_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter28Member_zHxr7XLNU0N9" style="text-align: right" title="Legal matters with possible risk of loss">306,389</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter28Member_zGzM353QHpS8" style="text-align: right" title="Legal matters with possible risk of loss">306,389</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Notice of IEF Commitment Term</td> <td style="vertical-align: bottom"> </td> <td id="xdx_982_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter29Member_zvf1Y4pz2s5j" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">337,951</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter29Member_zOHz6R0Ekz0c" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss">337,951</td></tr> <tr style="vertical-align: middle"> <td style="text-align: justify">Other environmental lawsuits</td> <td style="font-size: 11pt"> </td> <td id="xdx_98C_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter30Member_zfqBH06CNcve" style="text-align: right" title="Legal matters with possible risk of loss">894,523</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter30Member_zhBUWxowCjSg" style="text-align: right" title="Legal matters with possible risk of loss">786,360</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Impact from acquisition of shareholding in Grupo Estrela <span style="font: normal 400 8pt Helvetica light">⁽¹⁰⁾</span></td> <td style="vertical-align: bottom"> </td> <td id="xdx_985_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231__ifrs-full--ClassesOfProvisionsAxis__custom--MainLegalMatter31Member_z7wiSGO02wPi" style="vertical-align: middle; text-align: right" title="Legal matters with possible risk of loss"> 50,745</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; text-align: justify"> </td> <td style="font-size: 11pt; font-weight: bold"> </td> <td id="xdx_989_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20251231_zrtNYZFyiVOd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Legal matters with possible risk of loss"> 47,419,220</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--LegalProceedingsProvision_iI_pn3n3_c20241231_zxYnwjNZvPoj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Legal matters with possible risk of loss"> 48,454,570</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Notice of Violation and Imposition of Fine (AIIM) - IRPJ/CSLL - Capital Gain for alleged sale of equity interest in subsidiary NAMISA: On 12/29/2025, a mandatory fine and interest were canceled through the application of Federal Law 14.689/2023, which lead to a reduction of R$4 billion in liabilities.</td></tr> </table> <p style="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">Notice of Violation and Imposition of Fine (AIIM)- IRPJ/CSLL - Disallowance of goodwill deductions generated in the reverse incorporation of Big Jump by Namisa. On 09/05/2025, the Company succeeded in requesting a mandatory debt review for the cancellation of a fine and interest under Law 14.689/2023.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(3)</td> <td style="text-align: justify; width: 98%">Notices of Violation and Imposition of Fine (AIIM) / Writ of Mandamus - RFB - IRPJ/CSLL - Profits earned abroad in 2008, 2010, 2011, 2012, 2014, 2015, 2016, 2017 and 2018 Adjustments were made to contingencies so that they accurately reflect the updated values according to the indexes determined by the Public Treasury, contained in the statements issued by the Government.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(4)</td> <td style="text-align: justify; width: 98%">Unapproved compensation - RFB - Disallowance of credits under 69/STF theme (ICMS in PIS/COFINS calculation basis) in March 2025, CSN was informed of the rulings that partially approved the compensations executed with credits arising from the final and unappealable lawsuit recognizing the unconstitutionality of the inclusion of ICMS values in the PIS and COFINS contribution calculation basis. According to the federal supervisory body, approximately 20% of the credit authorized by the company would lack sufficient liquidity and certainty and therefore, could not compose the amount to be offset. Given these rulings, CSN presented a manifestation of non-conformity to demonstrate the inappropriateness of the premises adopted by the supervisory body and liquidity and legal certainty underpinning complete authorized credits.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(5)</td> <td style="text-align: justify; width: 98%">ICMS - SEFAZ/RJ - Questions about sales for Incentive Area Adjustments were made to contingencies so that they accurately reflect the updated values according to the indexes determined by the Public Treasury, contained in the statements issued by the Government.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(6)</td> <td style="text-align: justify; width: 98%">ICMS - SEFAZ/RJ - Disallowance of credits on Transfer of Iron Ore Adjustments were made to contingencies so that they accurately reflect the updated values according to the indexes determined by the Public Treasury, contained in the statements issued by the Government.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(7)</td> <td style="text-align: justify; width: 98%">Notices of Violation and Fine Imposition (AIIM) - RFB - IRPJ/CSLL - Transfer Pricing the Company partially succeeded in the Appeal filed in Case 16682.720.529/2023-56, closing a possible contingency of R$212,691.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(8)</td> <td style="text-align: justify; width: 98%">Notice of Violation and Imposition of Fine (AIIM) /Annulment Action - RFB - IRRF - Capital Gain of CFM company sellers located abroad with support in legal opinion, the prognosis of possible remote loss on mandatory fine and interest was reclassified, as the disallowance determined by Federal Law 14.689/2023 is applicable to the case</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(9)</td> <td style="text-align: justify; width: 98%">Action to discuss ruling handed down against CSN by Brazilian antitrust authorities (CADE) regarding alleged formation of cement cartel risk classified as possible in the 2nd quarter of 2025, in accordance with the current jurisprudential understanding on the subject and opinion issued by the Company's legal advisors.</td></tr> </table> <p style="font: 8pt Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(10)</td> <td style="text-align: justify; width: 98%">Reflection of the acquisition of equity interest in Grupo Estrela regarding the acquisition of a stake in Grupo Estrela on April 1, 2025. According to CPC 15 (R1) – Business combination, the Company has one year, as of this date, to form the respective business combination, which may impact the recorded fair value within this period based on an appraisal report. The acquisition of this company generated a possible contingency increase on December 31, 2025.</td></tr> </table> 6554452000 10246424000 3512216000 4346118000 2264620000 2284914000 5858583000 6239017000 2319108000 2169108000 751209000 1309079000 1460763000 1875734000 1499578000 1715523000 1570733000 221203000 205621000 43716000 39939000 434203000 422499000 705480000 779093000 497950000 488238000 871652000 798226000 73556000 389919000 458694000 422807000 163996000 338273000 8357638000 6977524000 751191000 647801000 650979000 621724000 551756000 492535000 247883000 229983000 510404000 1958195000 1620259000 3001846000 2580452000 168746000 152322000 306389000 306389000 337951000 337951000 894523000 786360000 50745000 47419220000 48454570000 11020000 10620000 <p id="xdx_800_ecustom--DisclosureOfProvisionForEnvironmentalLiabilitiesAndAssetRetirementObligationsExplanatory_zceBWUPn3Etb" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>23.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_827_zEbaOHv8t6ec">PROVISION FOR ENVIRONMENTAL LIABILITIES AND ASSET RETIREMENT OBLIGATIONS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The balance of provisions for environmental liabilities and asset retirement obligation is as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--SummaryOfProvisionForEnvironmentalLiabilitiesAndAssetRetirementObligationTableTextBlock_zPLpIGJh0eD7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROVISION FOR ENVIRONMENTAL LIABILITIES AND ASSET RETIREMENT OBLIGATIONS (Details)"> <tr style="vertical-align: middle; background-color: white"> <td><span id="xdx_8B1_zXEAixlSojQb" style="display: none">Schedule of provisions for environmental liabilities and asset retirement obligation</span></td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="width: 59%"> </td> <td style="width: 20%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 20%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Environmental liabilities</td> <td id="xdx_98C_eifrs-full--OtherLongtermProvisions_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalLiabilitiesMember_zJPHdu23BNVi" style="text-align: right" title="Provision for environmental liabilities and decommissioning of assets">119,664</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherLongtermProvisions_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalLiabilitiesMember_zjKkhkmTDDj" style="text-align: right" title="Provision for environmental liabilities and decommissioning of assets">155,471</td></tr> <tr style="vertical-align: middle"> <td>Asset retirement obligations</td> <td id="xdx_983_eifrs-full--OtherLongtermProvisions_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--AssetRetirementObligationsMember_zs93LnGwAU4d" style="text-align: right" title="Provision for environmental liabilities and decommissioning of assets">1,067,945</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherLongtermProvisions_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--AssetRetirementObligationsMember_zCcvednBPHN" style="text-align: right" title="Provision for environmental liabilities and decommissioning of assets">977,892</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold"> </td> <td id="xdx_980_eifrs-full--OtherLongtermProvisions_pn3n3_c20251231_zBWOmUbYJH8h" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Provision for environmental liabilities and decommissioning of assets"> 1,187,609</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherLongtermProvisions_iI_pn3n3_c20241231_z7AbuWcDfYG7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Provision for environmental liabilities and decommissioning of assets">1,133,363</td></tr> </table> <p id="xdx_8AC_zEpgjuO2b03e" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">As of December 31, 2025, provision is maintained for expenses related to investigation and environmental recovery services for potential contaminated, degraded areas and in exploration process under the Company's responsibility in the states of Rio de Janeiro and Minas Gerais. Expense estimates are reviewed periodically, adjusting, whenever necessary, the amounts already accounted for. These are Management's best estimates considering environmental recovery studies and projects. These provisions are recorded in the other operating expenses account.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Certain contingent environmental liabilities are monitored by the environmental department, and a provision has not been made since their characteristics do not meet the recognition criteria in IAS 37.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company recognizes a provision for recovery costs when a loss is probable, and the amounts of the related costs are reasonably determined. Generally, the provisioning period for the amount to be used for recovery coincides with the completion of a feasibility study or commitment to a formal action plan.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Expenses related to compliance with environmental regulations are charged to income or capitalized, as appropriate. Capitalization is considered appropriate when expenses refer to items that will continue to benefit the Company and that are basically relevant to the acquisition and installation of equipment for pollution control and/or prevention.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Asset retirement obligations (ARO) consist of cost estimates for decommissioning, demobilization, or restoration of areas at the end of mining activities and extraction of mineral resources. The initial measurement is recognized as a liability discounted to present value and, subsequently, carried to expenses over time. The asset decommissioning cost equivalent to the initial liability is capitalized as part of the asset's carrying amount and is depreciated over the asset's useful life.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--SummaryOfProvisionForEnvironmentalLiabilitiesAndAssetRetirementObligationTableTextBlock_zPLpIGJh0eD7" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - PROVISION FOR ENVIRONMENTAL LIABILITIES AND ASSET RETIREMENT OBLIGATIONS (Details)"> <tr style="vertical-align: middle; background-color: white"> <td><span id="xdx_8B1_zXEAixlSojQb" style="display: none">Schedule of provisions for environmental liabilities and asset retirement obligation</span></td> <td> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="width: 59%"> </td> <td style="width: 20%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 20%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Environmental liabilities</td> <td id="xdx_98C_eifrs-full--OtherLongtermProvisions_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalLiabilitiesMember_zJPHdu23BNVi" style="text-align: right" title="Provision for environmental liabilities and decommissioning of assets">119,664</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--OtherLongtermProvisions_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EnvironmentalLiabilitiesMember_zjKkhkmTDDj" style="text-align: right" title="Provision for environmental liabilities and decommissioning of assets">155,471</td></tr> <tr style="vertical-align: middle"> <td>Asset retirement obligations</td> <td id="xdx_983_eifrs-full--OtherLongtermProvisions_iI_pn3n3_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--AssetRetirementObligationsMember_zs93LnGwAU4d" style="text-align: right" title="Provision for environmental liabilities and decommissioning of assets">1,067,945</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--OtherLongtermProvisions_iI_pn3n3_c20241231__ifrs-full--ClassesOfLiabilitiesAxis__custom--AssetRetirementObligationsMember_zCcvednBPHN" style="text-align: right" title="Provision for environmental liabilities and decommissioning of assets">977,892</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold"> </td> <td id="xdx_980_eifrs-full--OtherLongtermProvisions_pn3n3_c20251231_zBWOmUbYJH8h" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Provision for environmental liabilities and decommissioning of assets"> 1,187,609</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--OtherLongtermProvisions_iI_pn3n3_c20241231_z7AbuWcDfYG7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Provision for environmental liabilities and decommissioning of assets">1,133,363</td></tr> </table> 119664000 155471000 1067945000 977892000 1187609000 1133363000 <p id="xdx_80F_eifrs-full--DisclosureOfRelatedPartyExplanatory_zARA4VRcWtqh" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>24.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_824_z0mzrGFAbON9">RELATED-PARTY BALANCES AND TRANSACTIONS</span> </b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>24.a)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Transactions with Holding Companies</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Vicunha Aços S.A. is the Company's controlling shareholder, with a 41.66% interest in its voting capital. It is also part of the Company's control, Rio Iaco Participações S.A. with 3.45%.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The corporate structure of Vicunha Aços S.A. is as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 17.85pt"></td><td style="width: 18pt"><span style="font-family: Helvetica light,serif">(a)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Vicunha Steel S.A. – holds 100% interest in Vicunha Aços S.A.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 17.85pt"></td><td style="width: 18pt"><span style="font-family: Helvetica light,serif">(b)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Rio Purus Participações S.A. – holds 100% interest in Vicunha Steel S.A.</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>24.b)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Transactions with Subsidiaries, Joint-Ventures, Affiliates, Exclusive Funds and other Related Parties</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 14.2pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Consolidated</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b> </b></p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfTransactionsWithSubsidiariesJointVenturesAssociatesExclusiveFundsAndOtherRelatedPartiesByTransactionAssetsAndLiabilitiesTableTextBlock_zU7hCkRq8DI4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - RELATED-PARTY BALANCES AND TRANSACTIONS (Details)"> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left"><span id="xdx_8B6_z0F1bdeAOM1h" style="display: none">Schedule of transactions with subsidiaries, jointly controlled entities, associates, exclusive funds and other related parties</span></td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="color: red"> </td> <td style="color: red; text-align: center"> </td> <td colspan="15" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="color: red"> </td> <td style="color: red; text-align: center"> </td> <td colspan="7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold"> </td> <td colspan="7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="color: red; font-weight: bold; text-align: center; width: 25%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 3%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Associates</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 10%">Joint-ventures and Joint Operation</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Other related parties</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 7%; text-align: center">Total</td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 7%">Associates</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 10%">Joint-ventures and Joint Operation</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Other related parties</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 7%; text-align: center">Total</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; text-align: left">Assets</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Current Assets </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Cash and cash equivalents⁽¹⁾</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zZjCj5cnIn73" style="text-align: right" title="Current Assets">1,979,060</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_z842Hl7hHOU1" style="text-align: right" title="Current Assets"> 1,979,060</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_z1uG5fg01btj" style="text-align: right" title="Current Assets"> 912,533</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zG9I51OkIJyk" style="text-align: right" title="Current Assets">912,533</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Financial investments</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--InvestmentsReceivablesMember_zGGLjvdzCTTk" style="text-align: right" title="Current Assets"> 860,591</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--InvestmentsReceivablesMember_ziPSfCjkVFOi" style="text-align: right" title="Current Assets">860,591</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Trade receivables</td> <td style="text-align: center">6</td> <td id="xdx_98F_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zzXXgNjNklNc" style="text-align: right" title="Current Assets"> 73,045</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_z2TYBfHR5Pv8" style="text-align: right" title="Current Assets">24,254</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zHxDVt664r18" style="text-align: right" title="Current Assets"> 97,299</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_z29dtG2RWmlj" style="text-align: right" title="Current Assets">88,750</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zh8kK2oBSYL3" style="text-align: right" title="Current Assets"> 3,230</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zexve9a3ucfb" style="text-align: right" title="Current Assets"> 191</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zRKFdofBKq61" style="text-align: right" title="Current Assets"> 92,171</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Dividends receivable</td> <td style="text-align: center">9</td> <td id="xdx_980_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zN8M2W6doR3l" style="text-align: right" title="Current Assets"> 19,477</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zUP1Jm8pjiJb" style="text-align: right" title="Current Assets">2,187</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zx5s3zC3d2Z7" style="text-align: right" title="Current Assets">54,362</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zTpHVgV9kNrh" style="text-align: right" title="Current Assets"> 76,026</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zzcwtdu5KWu2" style="text-align: right" title="Current Assets">127,386</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zANmbSpTdlRa" style="text-align: right" title="Current Assets">74,050</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zuRHJc5GpIqd" style="text-align: right" title="Current Assets">201,436</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Borrowings</td> <td style="text-align: center">9</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zELkHX0upYKi" style="text-align: right" title="Current Assets">4,147</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zS0T1AcieV65" style="text-align: right" title="Current Assets"> 4,147</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_z3yP4r1IrVsd" style="text-align: right" title="Current Assets"> 5,315</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zItnl8rRJQzg" style="text-align: right" title="Current Assets"> 5,315</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Other receivables</td> <td style="text-align: center">9</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zeypOWHSTYMi" style="text-align: right" title="Current Assets">2</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zWPtyJVoj68k" style="text-align: right" title="Current Assets">1,829</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zVeYJUaRcM72" style="text-align: right" title="Current Assets"> 1,831</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zmPODuY93NRl" style="text-align: right" title="Current Assets">2</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zwcizObMfsY4" style="text-align: right" title="Current Assets">1,829</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zpyzny3kel31" style="text-align: right" title="Current Assets"> 1,831</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left"> </td> <td style="text-align: center"> </td> <td id="xdx_98C_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zDEXt7ymt105" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets"> 92,522</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zViGnPjRezZ6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets">30,590</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zEXqprqESMhd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets">2,035,251</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zGbYjLGryfme" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets"> 2,158,363</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zM6DfIHm82J" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets">88,750</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_z913s1zkbjV5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets">135,933</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zaR2DE1Py7r8" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets">1,849,194</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zf51mnM8xJ57" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets"> 2,073,877</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Non-current Assets </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Financial investments</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--InvestmentsReceivablesMember_zEvA2SYc8uEj" style="text-align: right" title="Non-current Assets"> 142,423</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--InvestmentsReceivablesMember_zXeigZSHrKaj" style="text-align: right" title="Non-current Assets">142,423</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Borrowings</td> <td style="text-align: center">9</td> <td id="xdx_981_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zioW4ioFZKq8" style="text-align: right" title="Non-current Assets"> 6,024</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zeOjS3WwIYtc" style="text-align: right" title="Non-current Assets">2,131,858</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zgYdhIgpwCKc" style="text-align: right" title="Non-current Assets"> 2,137,882</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zSgoRBGykHsb" style="text-align: right" title="Non-current Assets"> 3,789</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zz5T8mVrXQJc" style="text-align: right" title="Non-current Assets"> 1,899,239</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zrnQF3Ax1Pyd" style="text-align: right" title="Non-current Assets"> 1,903,028</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Actuarial liabilities</td> <td style="text-align: center">9</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialLiabilitiesMember_zEJvjfIouFJf" style="text-align: right" title="Non-current Assets">53,328</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialLiabilitiesMember_z7P9wDfWJ5Z5" style="text-align: right" title="Non-current Assets"> 53,328</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialLiabilitiesMember_zvLRFXmFrjSj" style="text-align: right" title="Non-current Assets">47,708</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialLiabilitiesMember_zTDhCOaWv5yk" style="text-align: right" title="Non-current Assets"> 47,708</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Other receivables</td> <td style="text-align: center">9</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_z3PRjCGLWF8h" style="text-align: right" title="Non-current Assets"> 1,792,579</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zWgvXAS0heT5" style="text-align: right" title="Non-current Assets"> 1,792,579</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="color: red; text-align: left"> </td> <td style="text-align: center"> </td> <td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zoOb9LH658of" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 6,024</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zqArt9cnOKM2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets">2,131,858</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zjkdZD5U8Lmh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets">53,328</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zY6ddcKCg2Ye" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 2,191,210</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zECuJaYvVAPh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 3,789</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zGLWjGoa6ZI9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 3,691,818</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zUlN7KYM8CEf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 190,131</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zoVoIRFkxAI1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 3,885,738</td></tr> <tr style="vertical-align: middle"> <td style="color: red; text-align: left"> </td> <td style="text-align: center"> </td> <td id="xdx_98B_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zwkhB4AI7jmh" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets"> 98,546</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zs8su1vaxZQ9" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets">2,162,448</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zc5rleiTrxaf" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets">2,088,579</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zckCp1pMPjKf" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets"> 4,349,573</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zFoVd7IwDAid" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets">92,539</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zgSwgmgOdPp4" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets"> 3,827,751</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_z77vhYqldra9" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets">2,039,325</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zon6Bwdo7yh5" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets"> 5,959,615</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; text-align: left">Liabilities</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current Liabilities </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Trade payables</td> <td style="text-align: center"> </td> <td id="xdx_981_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zTqv8snE1af6" style="text-align: right" title="Current Liabilities"> 19,493</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zcWEXK0AMOyd" style="text-align: right" title="Current Liabilities"> 171,345</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_z2TNPYIB74ji" style="text-align: right" title="Current Liabilities"> 864</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zeYlpOupg3O6" style="text-align: right" title="Current Liabilities"> 191,702</td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_98C_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zm76U3YMdBUi" style="text-align: right" title="Current Liabilities">13,676</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zxGYesdIqQE1" style="text-align: right" title="Current Liabilities">217,289</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_ziIpsAmNLIJ8" style="text-align: right" title="Current Liabilities"> 184,892</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zFgGXcbKL5Qi" style="text-align: right" title="Current Liabilities">415,857</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Accounts payable</td> <td style="text-align: center">19</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zolanTYlI3h5" style="text-align: right" title="Current Liabilities">24,400</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zakk0OrpRNc3" style="text-align: right" title="Current Liabilities">92,892</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zPOQzGSUQNFd" style="text-align: right" title="Current Liabilities"> 117,292</td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_987_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zGy9uJCRppca" style="text-align: right" title="Current Liabilities">23,245</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_z32mjSvhA1Mh" style="text-align: right" title="Current Liabilities">22,571</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zJWLHi29aIIi" style="text-align: right" title="Current Liabilities"> 140,991</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zNZtoLMXnNm8" style="text-align: right" title="Current Liabilities">186,807</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Provision for consumption</td> <td style="text-align: center">19</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProvisionForConsumptionMember_zcCXq3U4iHe1" style="text-align: right" title="Current Liabilities">25,841</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProvisionForConsumptionMember_zL7FS9GNR3R8" style="text-align: right" title="Current Liabilities"> 25,841</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: middle"> <td style="color: red; text-align: left"> </td> <td style="text-align: center"> </td> <td id="xdx_980_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zp6aJdKTvBqi" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 19,493</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zmrDeLb4yQYg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 221,586</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zt7TmEUEtRhb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities">93,756</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zr6o1Qw6sJ5c" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 334,835</td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_985_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zYVdMhkdLEdc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities">36,921</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zFSXkU61Zff6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities">239,860</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zVQwZz3TPpye" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 325,883</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zyxASNRip1gl" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities">602,664</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Non-current Liabilities </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Accounts payable</td> <td style="text-align: center">19</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zpeAPTd9xbVg" style="text-align: right" title="Non-current Liabilities">20,850</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zy17kP6Q7g08" style="text-align: right" title="Non-current Liabilities"> 20,850</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="color: red; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zoELjpFqv8t2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Liabilities">20,850</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zhbHaF7Eh8D9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Liabilities"> 20,850</td></tr> <tr style="vertical-align: middle"> <td style="color: red; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_98A_eifrs-full--Liabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zD6VWPoe1pe8" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities"> 19,493</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Liabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zCC9deh9A3V3" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities"> 221,586</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Liabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_ztfYfOtRb1qb" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities">93,756</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Liabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zOq9IFTFdacd" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities"> 334,835</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--Liabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_z6PVF0KViy66" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Liabilities">36,921</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--Liabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zrPE9kRZ2i59" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities">260,710</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Liabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zvkeIdIxtc89" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities"> 325,883</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Liabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zWJyBWP5iKkk" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities">623,514</td></tr> <tr style="vertical-align: middle"> <td style="color: red; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="color: red; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="15" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="color: red; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="7" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold"> </td> <td colspan="7" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="color: red"> </td> <td style="text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Associates</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Joint-ventures and Joint Operation</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Other related parties</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Total</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Associates</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Joint-ventures and Joint Operation</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Other related parties</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; text-align: left">P &amp; L</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left">Sales</td> <td style="text-align: center"> </td> <td id="xdx_98A_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zrhBHyGn1eGl" style="text-align: right" title="Sales">2,144,285</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_ztILJGrhgqLa" style="text-align: right" title="Sales">49,231</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zYvgBt3Wpksi" style="text-align: right" title="Sales"> 79</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zGTmGk7TZzMc" style="text-align: right" title="Sales"> 2,193,595</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zsPMMiXTmNHb" style="text-align: right" title="Sales"> 2,357,816</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zrVmRmPuSmA4" style="text-align: right" title="Sales">21,362</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zSOqtici9jfk" style="text-align: right" title="Sales"> 903</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zCpRF8Oml2Wl" style="text-align: right" title="Sales"> 2,380,081</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Cost and expenses</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zJRNDNrorbW" style="text-align: right" title="Cost and expenses"> (2,117,736)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zHUAcGmUmZt8" style="text-align: right" title="Cost and expenses">(334,768)</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zL5b13bJSGpb" style="text-align: right" title="Cost and expenses">(2,452,504)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_z6U9xrKJttv1" style="text-align: right" title="Cost and expenses"> (179,022)</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zBtxaJS7cSxk" style="text-align: right" title="Cost and expenses">(2,190,343)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zON7uexEGzXk" style="text-align: right" title="Cost and expenses">(227,090)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zFyev0dOLYBe" style="text-align: right" title="Cost and expenses">(2,596,455)</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Financial income (expenses)</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Interest</td> <td style="text-align: center">30</td> <td id="xdx_986_ecustom--FinancialInterest_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zkxzjYEKHkc7" style="text-align: right" title="Interest"> 2,235</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialInterest_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zjgx1LNXBQFe" style="text-align: right" title="Interest"> 220,698</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInterest_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zxukncmbyaMg" style="text-align: right" title="Interest">83,874</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--FinancialInterest_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zUytaYGEwRF2" style="text-align: right" title="Interest"> 306,807</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--FinancialInterest_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zMbbTBUl40vc" style="text-align: right" title="Interest"> 2,508</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialInterest_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zjqAohpxa8fc" style="text-align: right" title="Interest">155,291</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInterest_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zznrrzqFhhfb" style="text-align: right" title="Interest">38,588</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialInterest_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zDrQ6I6gxFkb" style="text-align: right" title="Interest">196,387</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Exchange rate variations andmonetary, net</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--ExchangeRateVariationsAndmonetaryNet_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zdDHD8Lbajt7" style="text-align: right" title="Exchange rate variations andmonetary, net">24,040</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--ExchangeRateVariationsAndmonetaryNet_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_pn3n3" style="text-align: right" title="Exchange rate variations andmonetary, net"> 24,040</td> <td style="text-align: right"> </td> <td style="color: red; text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--ExchangeRateVariationsAndmonetaryNet_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_pn3n3" style="text-align: right" title="Exchange rate variations andmonetary, net"> 141,190</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--ExchangeRateVariationsAndmonetaryNet_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_pn3n3" style="text-align: right" title="Exchange rate variations andmonetary, net">141,190</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Financial investments <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--GainsLossesOnDisposalsOfInvestments_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_z1mMDhWEHf5h" style="text-align: right" title="Financial investments">(191,986)</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--GainsLossesOnDisposalsOfInvestments_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zytqmxo4OHC5" style="text-align: right" title="Financial investments">(191,986)</td> <td style="text-align: right"> </td> <td style="color: red; text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--GainsLossesOnDisposalsOfInvestments_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_pn3n3" style="text-align: right" title="Financial investments">(632,612)</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--GainsLossesOnDisposalsOfInvestments_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_pn3n3" style="text-align: right" title="Financial investments"> (632,612)</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Dividends receivable</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="color: red; text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--DividendsReceived_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zqTPHSPfiRH1" style="text-align: right" title="Dividends receivable">42,347</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--DividendsReceived_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_z2GAVxHPxoCg" style="text-align: right" title="Dividends receivable"> 42,347</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Other income and expenses</td> <td style="text-align: center"> </td> <td id="xdx_98F_eifrs-full--OtherOperatingIncomeExpense_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zjXGGPAHnt2e" style="text-align: right" title="Other operating income and expenses">(219,635)</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--OtherOperatingIncomeExpense_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zh42zka6BbEd" style="text-align: right" title="Other operating income and expenses">1,796</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherOperatingIncomeExpense_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_z465cEMGSP2f" style="text-align: right" title="Other operating income and expenses">5,687</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--OtherOperatingIncomeExpense_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_z4HJzGPlKpx5" style="text-align: right" title="Other operating income and expenses">(212,152)</td> <td style="text-align: right"> </td> <td style="color: red; text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: middle"> <td style="color: red; text-align: left"> </td> <td style="color: red; text-align: center"> </td> <td id="xdx_984_eifrs-full--ProfitLoss_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_z1N8gnM0hHC" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss">1,926,885</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--ProfitLoss_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_z21MhAw1bfQ2" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss"> (1,846,011)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--ProfitLoss_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zWWI45XgQFT5" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss">(413,074)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--ProfitLoss_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zBTkqCPgAFM9" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss">(332,200)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--ProfitLoss_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zAO3Ea4FotZ2" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss"> 2,181,302</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--ProfitLoss_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zAbP10AmkjYi" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss">(2,013,690)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ProfitLoss_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zYwqOdUjCxYj" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss">(636,674)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--ProfitLoss_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zKRam9V9FpH8" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss"> (469,062)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif; font-size: 8pt">(1)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 8pt">For better presentation, certain amounts have been reclassified. The balance of ‘Cash and cash equivalents’, previously presented together with ‘Financial investments’, is presented separately in 2025.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif; font-size: 8pt">(2)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 8pt">Following the disposal of the shares of Usiminas, which reduced the Company’s interest to 4.99% in both common and preferred shares, Usiminas is no longer considered a related party of the Group. Accordingly, the balance presented relates exclusively to the period in which Usiminas was classified as a related party.</span></td></tr></table> <p id="xdx_8A5_zwQkdiwjnhn7" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Consolidated Information:</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 25.25pt; text-align: justify; color: #252423"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Receivables: </b>Refers mainly to sales transactions of steel products from the Company to related parties.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b>Loans (Assets):</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 25.1pt; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"><b>Long term</b>: At the Consolidated, these amounts refer mainly to loan agreements with Transnordestina Logística S.A. in the amount of R$<span id="xdx_907_ecustom--LoanAmount_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TransnordestinaLogisticaMember_zi7U7BLnhbFc" title="Loan amount">2,098,532</span> (R$<span id="xdx_90C_ecustom--LoanAmount_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TransnordestinaLogisticaMember_pn3n3" title="Loan amount">1,829,939</span> as of December 31, 2024), at an average rate of <span id="xdx_909_ecustom--AverageRateDescription_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TransnordestinaLogisticaMember_zbEe8w7hXoF1" title="Average rate, description">125% to 130%</span> of the CDI.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>24.c)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Other Unconsolidated Related Parties</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 12pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 14.2pt"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>CBS Previdência</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 14.2pt; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company is its main sponsor, being a non-profit civil society established in July 1960 and whose main objective is the payment of benefits complementary to those of official social security for participants. As a sponsor, it maintains transactions of contribution payments and recognition of actuarial liability calculated in defined benefit plans.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 12pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 14.2pt"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Banco Fibra</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Banco Fibra is under the same control structure of Vicunha Aços S.A., direct controller of the Company, and financial transactions with this bank primarily involve current account movements and fixed income financial investments.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 12pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 14.2pt"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Fundação CSN</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company develops socially responsible policies concentrated today in the CSN Foundation, of which it is the founder. Transactions between the parties are related to operational and financial support for the Foundation to conduct social projects developed mainly in the locations where it operates.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 12pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 14.2pt"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Igarapava Hydroelectric Power Plant Consortium</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company participates in the Igarapava Hydroelectric Power Plant Consortium, located on the Rio Grande do Sul, between the municipalities of Igarapava and Rifaina in São Paulo, Conquista and Sacramento in Minas Gerais.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 14.2pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Related Parties under the control of a member of the Company's Management</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 14.2pt; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">These are companies under the control of a member of Management whose transactions with the Company were:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 14.2pt"><span style="font-family: Symbol">·</span></td><td><span style="font-family: Helvetica light,serif">Vicunha Imóveis Ltda</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 14.2pt"><span style="font-family: Symbol">·</span></td><td><span style="font-family: Helvetica light,serif">Vicunha Serviços Ltda</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 14.2pt"><span style="font-family: Symbol">·</span></td><td><span style="font-family: Helvetica light,serif">Ibis Participações e Serviços Ltda</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>24.d)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Key Management Personnel</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The key management personnel with authority and responsibility for planning, directing, and controlling the Company’s activities include members of the Board of Directors and statutory officers. The following is information on the compensation of such personnel and the related balances as of December 31, 2025, 2024 and 2023:</p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfKeyManagementPersonnelCompensationTableTextBlock_pn3n3_zmMPcpYChzH4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - RELATED-PARTY BALANCES AND TRANSACTIONS (Details 1)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BA_z3tQznltHmy5" style="display: none">Schedule of key management personnel</span></td> <td> </td> <td id="xdx_497_20250101__20251231_ztSzLFLacH23" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_497_20240101__20241231_zSmPRrCXJETk" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_497_20230101__20231231_z2wriHAOaYYa" style="text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 54%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 17%">12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 13%">12/31/2024</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 13%">12/31/2023</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td colspan="5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">P&amp;L</td></tr> <tr id="xdx_40E_eifrs-full--KeyManagementPersonnelCompensationShorttermEmployeeBenefits_pn3n3_zIukm5rjsJY6" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Short-term benefits for employees and officers</td> <td> </td> <td style="text-align: right">77,885</td> <td style="text-align: right"> </td> <td style="text-align: right">71,248</td> <td style="text-align: right"> </td> <td style="text-align: right">62,478</td></tr> <tr id="xdx_40D_eifrs-full--KeyManagementPersonnelCompensationPostemploymentBenefits_pn3n3_zaCsh7SHrJIc" style="vertical-align: bottom"> <td>Post-employment benefits</td> <td> </td> <td style="text-align: right"> 840</td> <td style="text-align: right"> </td> <td style="text-align: right"> 814</td> <td style="text-align: right"> </td> <td style="text-align: right"> 450</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold"></td> <td style="font-weight: bold"> </td> <td id="xdx_988_eifrs-full--KeyManagementPersonnelCompensation_pn3n3_c20250101__20251231_zFZCkPZyNqib" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total compensation of personnel">78,725</td> <td style="font-weight: bold"> </td> <td id="xdx_98A_eifrs-full--KeyManagementPersonnelCompensation_pn3n3_c20240101__20241231_zhLbQ2fE1wjd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total compensation of personnel">72,062</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--KeyManagementPersonnelCompensation_pn3n3_c20230101__20231231_zPW2C3R87rk8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total compensation of personnel">62,928</td></tr> </table> <p id="xdx_8A0_zfWmEIfuiGD9" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>24.e)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Guarantees</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company is liable for guarantees of its subsidiaries and jointly controlled entities as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfGuaranteesOfItsSubsidiariesAndJointVentureTableTextBlock_pn3n3_zgrdAfqAe3Xg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - RELATED-PARTY BALANCES AND TRANSACTIONS (Details 2)"> <tr> <td style="vertical-align: bottom; width: 18%"><span id="xdx_8BA_zstoUqrdcJR2" style="display: none">Schedule of guarantees</span></td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 6%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 14%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 7%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 7%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 6%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 6%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 7%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: middle; width: 6%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 7%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 7%"> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Currency</td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Maturities</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Borrowings</td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Tax foreclosure</td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Others</td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Total</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Transnordestina Logísitca</td> <td style="vertical-align: middle; text-align: center">R$</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_902_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember" title="Maturities">Up to 09/19/2056 and Indefinite</span></td> <td style="vertical-align: bottom"> </td> <td id="xdx_98C_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zuaGvE6Tsu41" style="vertical-align: middle; text-align: right" title="Borrowings">3,251,444</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_pn3n3" style="vertical-align: middle; text-align: right" title="Borrowings"> 3,966,722</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_ecustom--TaxForeclosure_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_z3ccbv19ww74" style="vertical-align: middle; text-align: right" title="Tax foreclosure"> 10,869</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_ecustom--TaxForeclosure_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_pn3n3" style="vertical-align: middle; text-align: right" title="Tax foreclosure"> 10,717</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_ecustom--OthersGuarantees_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zec3VshNCKo6" style="vertical-align: middle; text-align: right" title="Others">4,972</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_ecustom--OthersGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_pn3n3" style="vertical-align: middle; text-align: right" title="Others">4,828</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_ecustom--TotalGuarantees_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zI10ZpKv6Lfl" style="vertical-align: middle; text-align: right" title="Total"> 3,267,285</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_pn3n3" style="vertical-align: middle; text-align: right" title="Total"> 3,982,267</td></tr> <tr style="background-color: white"> <td style="vertical-align: middle; text-align: left">Subsidiaries</td> <td style="vertical-align: middle; text-align: center">R$</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_90E_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember" title="Maturities">Up to 01/10/2028 and Indefinite</span></td> <td style="vertical-align: bottom"> </td> <td id="xdx_98A_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_zTNjCtYmyXik" style="vertical-align: middle; text-align: right" title="Borrowings">368,590</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_pn3n3" style="vertical-align: middle; text-align: right" title="Borrowings"> 2,079,693</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_ecustom--OthersGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_pn3n3" style="vertical-align: middle; text-align: right" title="Others">600</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--OthersGuarantees_iI_pn3n3_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_zI5v8wGYEL8b" style="vertical-align: middle; text-align: right" title="Others">1,920</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_ecustom--TotalGuarantees_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_zyiLTYawWP67" style="vertical-align: middle; text-align: right" title="Total">369,190</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_ecustom--TotalGuarantees_iI_pn3n3_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_zjvNaVHGRc9f" style="vertical-align: middle; text-align: right" title="Total"> 2,081,613</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Total in R$</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98E_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_zH5OTr3qoLbg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings">3,620,034</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings"> 6,046,415</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_ecustom--TaxForeclosure_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Tax foreclosure"> 10,869</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--TaxForeclosure_iI_pn3n3_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_z0mCzFpo6Tv7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Tax foreclosure"> 10,717</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_ecustom--OthersGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Others">5,572</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_ecustom--OthersGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Others">6,748</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_ecustom--TotalGuarantees_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_zH232H4Lcoid" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 3,636,475</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 6,063,880</td></tr> <tr style="background-color: white"> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">CSN Inova Ventures</td> <td style="vertical-align: middle; text-align: center">US$</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_90E_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--JointOperationsAxis__custom--CSNInovaVenturesMember" title="Maturities">01/28/2028</span></td> <td style="vertical-align: bottom"> </td> <td id="xdx_988_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNInovaVenturesMember_zgN7hykoWokl" style="vertical-align: middle; text-align: right" title="Borrowings">1,300,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNInovaVenturesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Borrowings"> 1,300,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNInovaVenturesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Total"> 1,300,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNInovaVenturesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Total"> 1,300,000</td></tr> <tr style="background-color: white"> <td style="vertical-align: middle">CSN Resources</td> <td style="vertical-align: middle; text-align: center">US$</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_904_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--JointOperationsAxis__custom--CSNResourcesMember" title="Maturities">Up to 04/08/2032</span></td> <td style="vertical-align: bottom"> </td> <td id="xdx_982_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNResourcesMember_zxfPk5mfqxll" style="vertical-align: middle; text-align: right" title="Borrowings">2,233,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNResourcesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Borrowings"> 2,230,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNResourcesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Total"> 2,233,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNResourcesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Total"> 2,230,000</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Total in US$</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_987_ecustom--BorrowingsRelatedParty_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings">3,533,000</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98B_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember_zhzoQOiGM2G2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings"> 3,530,000</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 3,533,000</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_ecustom--TotalGuarantees_iI_pn3n3_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember_z0x0MgphBvIa" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 3,530,000</td></tr> <tr style="vertical-align: middle; background-color: white"> <td>Lusosider Aços Planos</td> <td style="text-align: center">€</td> <td> </td> <td style="text-align: center"><span id="xdx_90A_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--JointOperationsAxis__custom--LusosiderAcosPlanosMember" title="Maturities">Indefinite</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--OthersGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember__ifrs-full--JointOperationsAxis__custom--LusosiderAcosPlanosMember_pn3n3" style="text-align: right" title="Others">75,000</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--OthersGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember__ifrs-full--JointOperationsAxis__custom--LusosiderAcosPlanosMember_pn3n3" style="text-align: right" title="Others">75,000</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--OthersGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_pn3n3" style="text-align: right" title="Others"> 75,000</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--OthersGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_pn3n3" style="text-align: right" title="Others"> 75,000</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Total em €</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember__ifrs-full--JointOperationsAxis__custom--LusosiderAcosPlanosMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Total">75,000</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember__ifrs-full--JointOperationsAxis__custom--LusosiderAcosPlanosMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total">75,000</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Total"> 75,000</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 75,000</td></tr> <tr style="background-color: white"> <td style="font-weight: bold; vertical-align: middle">Total in R$</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td id="xdx_986_ecustom--BorrowingsRelatedParty_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings">19,279,934</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_985_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings"> 21,858,819</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_ecustom--OthersGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Others">481,725</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--OthersGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Others">482,723</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: middle; text-align: right" title="Total"> 19,761,659</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: middle; text-align: right" title="Total"> 22,341,542</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td id="xdx_982_ecustom--BorrowingsRelatedParty_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings">22,899,968</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_983_ecustom--BorrowingsRelatedParty_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings"> 27,905,234</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--TaxForeclosure_iI_pn3n3_c20251231_z5ZPGLCk1aog" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Tax foreclosure"> 10,869</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_ecustom--TaxForeclosure_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Tax foreclosure"> 10,717</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_ecustom--OthersGuarantees_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Others">487,297</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_ecustom--OthersGuarantees_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Others">489,471</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_ecustom--TotalGuarantees_iI_pn3n3_c20251231_zcwyLBdsTeFe" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 23,398,134</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--TotalGuarantees_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 28,405,422</td></tr> </table> <p id="xdx_8A3_zem2HPN0Bu91" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Transactions with related parties were carried out by the Company on terms equivalent to those prevailing in market transactions, observing the price and the usual market conditions. Therefore, these transactions are in conditions that are no less favorable for the Company than those negotiated with third parties.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Transactions between the related parties are eliminated and adjusted to ensure consistency with the practices adopted by The Company.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company’s related parties are subsidiaries, joint ventures, affiliates, shareholders and their related companies and the key personnel of the Company’s management.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfTransactionsWithSubsidiariesJointVenturesAssociatesExclusiveFundsAndOtherRelatedPartiesByTransactionAssetsAndLiabilitiesTableTextBlock_zU7hCkRq8DI4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - RELATED-PARTY BALANCES AND TRANSACTIONS (Details)"> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left"><span id="xdx_8B6_z0F1bdeAOM1h" style="display: none">Schedule of transactions with subsidiaries, jointly controlled entities, associates, exclusive funds and other related parties</span></td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="color: red"> </td> <td style="color: red; text-align: center"> </td> <td colspan="15" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="color: red"> </td> <td style="color: red; text-align: center"> </td> <td colspan="7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold"> </td> <td colspan="7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="color: red; font-weight: bold; text-align: center; width: 25%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 3%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Associates</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 10%">Joint-ventures and Joint Operation</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Other related parties</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 7%; text-align: center">Total</td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 7%">Associates</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 10%">Joint-ventures and Joint Operation</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 8%">Other related parties</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 7%; text-align: center">Total</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; text-align: left">Assets</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Current Assets </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Cash and cash equivalents⁽¹⁾</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zZjCj5cnIn73" style="text-align: right" title="Current Assets">1,979,060</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_z842Hl7hHOU1" style="text-align: right" title="Current Assets"> 1,979,060</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_z1uG5fg01btj" style="text-align: right" title="Current Assets"> 912,533</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zG9I51OkIJyk" style="text-align: right" title="Current Assets">912,533</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Financial investments</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--InvestmentsReceivablesMember_zGGLjvdzCTTk" style="text-align: right" title="Current Assets"> 860,591</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--InvestmentsReceivablesMember_ziPSfCjkVFOi" style="text-align: right" title="Current Assets">860,591</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Trade receivables</td> <td style="text-align: center">6</td> <td id="xdx_98F_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zzXXgNjNklNc" style="text-align: right" title="Current Assets"> 73,045</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_z2TYBfHR5Pv8" style="text-align: right" title="Current Assets">24,254</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zHxDVt664r18" style="text-align: right" title="Current Assets"> 97,299</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_z29dtG2RWmlj" style="text-align: right" title="Current Assets">88,750</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zh8kK2oBSYL3" style="text-align: right" title="Current Assets"> 3,230</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zexve9a3ucfb" style="text-align: right" title="Current Assets"> 191</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zRKFdofBKq61" style="text-align: right" title="Current Assets"> 92,171</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Dividends receivable</td> <td style="text-align: center">9</td> <td id="xdx_980_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zN8M2W6doR3l" style="text-align: right" title="Current Assets"> 19,477</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zUP1Jm8pjiJb" style="text-align: right" title="Current Assets">2,187</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zx5s3zC3d2Z7" style="text-align: right" title="Current Assets">54,362</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zTpHVgV9kNrh" style="text-align: right" title="Current Assets"> 76,026</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zzcwtdu5KWu2" style="text-align: right" title="Current Assets">127,386</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zANmbSpTdlRa" style="text-align: right" title="Current Assets">74,050</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--DividendsReceivablesMember_zuRHJc5GpIqd" style="text-align: right" title="Current Assets">201,436</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Borrowings</td> <td style="text-align: center">9</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zELkHX0upYKi" style="text-align: right" title="Current Assets">4,147</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zS0T1AcieV65" style="text-align: right" title="Current Assets"> 4,147</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_z3yP4r1IrVsd" style="text-align: right" title="Current Assets"> 5,315</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zItnl8rRJQzg" style="text-align: right" title="Current Assets"> 5,315</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Other receivables</td> <td style="text-align: center">9</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zeypOWHSTYMi" style="text-align: right" title="Current Assets">2</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zWPtyJVoj68k" style="text-align: right" title="Current Assets">1,829</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zVeYJUaRcM72" style="text-align: right" title="Current Assets"> 1,831</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zmPODuY93NRl" style="text-align: right" title="Current Assets">2</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zwcizObMfsY4" style="text-align: right" title="Current Assets">1,829</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zpyzny3kel31" style="text-align: right" title="Current Assets"> 1,831</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left"> </td> <td style="text-align: center"> </td> <td id="xdx_98C_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zDEXt7ymt105" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets"> 92,522</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zViGnPjRezZ6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets">30,590</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zEXqprqESMhd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets">2,035,251</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--CurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zGbYjLGryfme" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets"> 2,158,363</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zM6DfIHm82J" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets">88,750</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_z913s1zkbjV5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets">135,933</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zaR2DE1Py7r8" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets">1,849,194</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zf51mnM8xJ57" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Assets"> 2,073,877</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Non-current Assets </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Financial investments</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--InvestmentsReceivablesMember_zEvA2SYc8uEj" style="text-align: right" title="Non-current Assets"> 142,423</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--InvestmentsReceivablesMember_zXeigZSHrKaj" style="text-align: right" title="Non-current Assets">142,423</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Borrowings</td> <td style="text-align: center">9</td> <td id="xdx_981_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zioW4ioFZKq8" style="text-align: right" title="Non-current Assets"> 6,024</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zeOjS3WwIYtc" style="text-align: right" title="Non-current Assets">2,131,858</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zgYdhIgpwCKc" style="text-align: right" title="Non-current Assets"> 2,137,882</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zSgoRBGykHsb" style="text-align: right" title="Non-current Assets"> 3,789</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zz5T8mVrXQJc" style="text-align: right" title="Non-current Assets"> 1,899,239</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--LoansReceivablesMember_zrnQF3Ax1Pyd" style="text-align: right" title="Non-current Assets"> 1,903,028</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Actuarial liabilities</td> <td style="text-align: center">9</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialLiabilitiesMember_zEJvjfIouFJf" style="text-align: right" title="Non-current Assets">53,328</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialLiabilitiesMember_z7P9wDfWJ5Z5" style="text-align: right" title="Non-current Assets"> 53,328</td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialLiabilitiesMember_zvLRFXmFrjSj" style="text-align: right" title="Non-current Assets">47,708</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--ActuarialLiabilitiesMember_zTDhCOaWv5yk" style="text-align: right" title="Non-current Assets"> 47,708</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Other receivables</td> <td style="text-align: center">9</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_z3PRjCGLWF8h" style="text-align: right" title="Non-current Assets"> 1,792,579</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_zWgvXAS0heT5" style="text-align: right" title="Non-current Assets"> 1,792,579</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="color: red; text-align: left"> </td> <td style="text-align: center"> </td> <td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zoOb9LH658of" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 6,024</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zqArt9cnOKM2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets">2,131,858</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zjkdZD5U8Lmh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets">53,328</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zY6ddcKCg2Ye" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 2,191,210</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zECuJaYvVAPh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 3,789</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zGLWjGoa6ZI9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 3,691,818</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zUlN7KYM8CEf" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 190,131</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zoVoIRFkxAI1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Assets"> 3,885,738</td></tr> <tr style="vertical-align: middle"> <td style="color: red; text-align: left"> </td> <td style="text-align: center"> </td> <td id="xdx_98B_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zwkhB4AI7jmh" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets"> 98,546</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zs8su1vaxZQ9" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets">2,162,448</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zc5rleiTrxaf" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets">2,088,579</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Assets_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zckCp1pMPjKf" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets"> 4,349,573</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zFoVd7IwDAid" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets">92,539</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zgSwgmgOdPp4" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets"> 3,827,751</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_z77vhYqldra9" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets">2,039,325</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Assets_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zon6Bwdo7yh5" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Assets"> 5,959,615</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; text-align: left">Liabilities</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Current Liabilities </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Trade payables</td> <td style="text-align: center"> </td> <td id="xdx_981_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zTqv8snE1af6" style="text-align: right" title="Current Liabilities"> 19,493</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zcWEXK0AMOyd" style="text-align: right" title="Current Liabilities"> 171,345</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_z2TNPYIB74ji" style="text-align: right" title="Current Liabilities"> 864</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zeYlpOupg3O6" style="text-align: right" title="Current Liabilities"> 191,702</td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_98C_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zm76U3YMdBUi" style="text-align: right" title="Current Liabilities">13,676</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zxGYesdIqQE1" style="text-align: right" title="Current Liabilities">217,289</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_ziIpsAmNLIJ8" style="text-align: right" title="Current Liabilities"> 184,892</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--TradePayablesMember_zFgGXcbKL5Qi" style="text-align: right" title="Current Liabilities">415,857</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Accounts payable</td> <td style="text-align: center">19</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zolanTYlI3h5" style="text-align: right" title="Current Liabilities">24,400</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zakk0OrpRNc3" style="text-align: right" title="Current Liabilities">92,892</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zPOQzGSUQNFd" style="text-align: right" title="Current Liabilities"> 117,292</td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_987_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zGy9uJCRppca" style="text-align: right" title="Current Liabilities">23,245</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_z32mjSvhA1Mh" style="text-align: right" title="Current Liabilities">22,571</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zJWLHi29aIIi" style="text-align: right" title="Current Liabilities"> 140,991</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zNZtoLMXnNm8" style="text-align: right" title="Current Liabilities">186,807</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Provision for consumption</td> <td style="text-align: center">19</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProvisionForConsumptionMember_zcCXq3U4iHe1" style="text-align: right" title="Current Liabilities">25,841</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--ProvisionForConsumptionMember_zL7FS9GNR3R8" style="text-align: right" title="Current Liabilities"> 25,841</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: middle"> <td style="color: red; text-align: left"> </td> <td style="text-align: center"> </td> <td id="xdx_980_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zp6aJdKTvBqi" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 19,493</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zmrDeLb4yQYg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 221,586</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zt7TmEUEtRhb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities">93,756</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentLiabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zr6o1Qw6sJ5c" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 334,835</td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_985_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zYVdMhkdLEdc" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities">36,921</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zFSXkU61Zff6" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities">239,860</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zVQwZz3TPpye" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities"> 325,883</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--CurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zyxASNRip1gl" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Current Liabilities">602,664</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Non-current Liabilities </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Accounts payable</td> <td style="text-align: center">19</td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zpeAPTd9xbVg" style="text-align: right" title="Non-current Liabilities">20,850</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember__ifrs-full--ClassesOfLiabilitiesAxis__custom--AccountsPayablesMember_zy17kP6Q7g08" style="text-align: right" title="Non-current Liabilities"> 20,850</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="color: red; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zoELjpFqv8t2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Liabilities">20,850</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--NoncurrentLiabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zhbHaF7Eh8D9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Non-current Liabilities"> 20,850</td></tr> <tr style="vertical-align: middle"> <td style="color: red; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td id="xdx_98A_eifrs-full--Liabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zD6VWPoe1pe8" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities"> 19,493</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Liabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zCC9deh9A3V3" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities"> 221,586</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Liabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_ztfYfOtRb1qb" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities">93,756</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Liabilities_iI_pn3n3_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zOq9IFTFdacd" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities"> 334,835</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--Liabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_z6PVF0KViy66" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Liabilities">36,921</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--Liabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zrPE9kRZ2i59" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities">260,710</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Liabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zvkeIdIxtc89" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities"> 325,883</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Liabilities_iI_pn3n3_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zWJyBWP5iKkk" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 2pt" title="Liabilities">623,514</td></tr> <tr style="vertical-align: middle"> <td style="color: red; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="color: red; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="15" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="color: red; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="7" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="font-weight: bold"> </td> <td colspan="7" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td style="color: red"> </td> <td style="text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Associates</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Joint-ventures and Joint Operation</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Other related parties</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Total</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Associates</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Joint-ventures and Joint Operation</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Other related parties</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; text-align: left">P &amp; L</td> <td style="font-weight: bold; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left">Sales</td> <td style="text-align: center"> </td> <td id="xdx_98A_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zrhBHyGn1eGl" style="text-align: right" title="Sales">2,144,285</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_ztILJGrhgqLa" style="text-align: right" title="Sales">49,231</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zYvgBt3Wpksi" style="text-align: right" title="Sales"> 79</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zGTmGk7TZzMc" style="text-align: right" title="Sales"> 2,193,595</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zsPMMiXTmNHb" style="text-align: right" title="Sales"> 2,357,816</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zrVmRmPuSmA4" style="text-align: right" title="Sales">21,362</td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zSOqtici9jfk" style="text-align: right" title="Sales"> 903</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--RevenueFromSaleOfGoods_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zCpRF8Oml2Wl" style="text-align: right" title="Sales"> 2,380,081</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Cost and expenses</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zJRNDNrorbW" style="text-align: right" title="Cost and expenses"> (2,117,736)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zHUAcGmUmZt8" style="text-align: right" title="Cost and expenses">(334,768)</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zL5b13bJSGpb" style="text-align: right" title="Cost and expenses">(2,452,504)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_z6U9xrKJttv1" style="text-align: right" title="Cost and expenses"> (179,022)</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zBtxaJS7cSxk" style="text-align: right" title="Cost and expenses">(2,190,343)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zON7uexEGzXk" style="text-align: right" title="Cost and expenses">(227,090)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--RawMaterialsAndConsumablesUseds_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zFyev0dOLYBe" style="text-align: right" title="Cost and expenses">(2,596,455)</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Financial income (expenses)</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Interest</td> <td style="text-align: center">30</td> <td id="xdx_986_ecustom--FinancialInterest_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zkxzjYEKHkc7" style="text-align: right" title="Interest"> 2,235</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialInterest_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zjgx1LNXBQFe" style="text-align: right" title="Interest"> 220,698</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInterest_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zxukncmbyaMg" style="text-align: right" title="Interest">83,874</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--FinancialInterest_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zUytaYGEwRF2" style="text-align: right" title="Interest"> 306,807</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--FinancialInterest_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zMbbTBUl40vc" style="text-align: right" title="Interest"> 2,508</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialInterest_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zjqAohpxa8fc" style="text-align: right" title="Interest">155,291</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--FinancialInterest_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zznrrzqFhhfb" style="text-align: right" title="Interest">38,588</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--FinancialInterest_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zDrQ6I6gxFkb" style="text-align: right" title="Interest">196,387</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Exchange rate variations andmonetary, net</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--ExchangeRateVariationsAndmonetaryNet_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zdDHD8Lbajt7" style="text-align: right" title="Exchange rate variations andmonetary, net">24,040</td> <td style="text-align: right"> </td> <td id="xdx_981_ecustom--ExchangeRateVariationsAndmonetaryNet_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_pn3n3" style="text-align: right" title="Exchange rate variations andmonetary, net"> 24,040</td> <td style="text-align: right"> </td> <td style="color: red; text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--ExchangeRateVariationsAndmonetaryNet_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_pn3n3" style="text-align: right" title="Exchange rate variations andmonetary, net"> 141,190</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--ExchangeRateVariationsAndmonetaryNet_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_pn3n3" style="text-align: right" title="Exchange rate variations andmonetary, net">141,190</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Financial investments <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--GainsLossesOnDisposalsOfInvestments_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_z1mMDhWEHf5h" style="text-align: right" title="Financial investments">(191,986)</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--GainsLossesOnDisposalsOfInvestments_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zytqmxo4OHC5" style="text-align: right" title="Financial investments">(191,986)</td> <td style="text-align: right"> </td> <td style="color: red; text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--GainsLossesOnDisposalsOfInvestments_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_pn3n3" style="text-align: right" title="Financial investments">(632,612)</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--GainsLossesOnDisposalsOfInvestments_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_pn3n3" style="text-align: right" title="Financial investments"> (632,612)</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; text-align: left">Dividends receivable</td> <td style="text-align: center"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="color: red; text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--DividendsReceived_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zqTPHSPfiRH1" style="text-align: right" title="Dividends receivable">42,347</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--DividendsReceived_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_z2GAVxHPxoCg" style="text-align: right" title="Dividends receivable"> 42,347</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; text-align: left">Other income and expenses</td> <td style="text-align: center"> </td> <td id="xdx_98F_eifrs-full--OtherOperatingIncomeExpense_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zjXGGPAHnt2e" style="text-align: right" title="Other operating income and expenses">(219,635)</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--OtherOperatingIncomeExpense_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zh42zka6BbEd" style="text-align: right" title="Other operating income and expenses">1,796</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--OtherOperatingIncomeExpense_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_z465cEMGSP2f" style="text-align: right" title="Other operating income and expenses">5,687</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--OtherOperatingIncomeExpense_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_z4HJzGPlKpx5" style="text-align: right" title="Other operating income and expenses">(212,152)</td> <td style="text-align: right"> </td> <td style="color: red; text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td></tr> <tr style="vertical-align: middle"> <td style="color: red; text-align: left"> </td> <td style="color: red; text-align: center"> </td> <td id="xdx_984_eifrs-full--ProfitLoss_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_z1N8gnM0hHC" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss">1,926,885</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--ProfitLoss_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_z21MhAw1bfQ2" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss"> (1,846,011)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--ProfitLoss_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zWWI45XgQFT5" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss">(413,074)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--ProfitLoss_pn3n3_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zBTkqCPgAFM9" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss">(332,200)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--ProfitLoss_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--SubsidiariesAndAssociatesMember_zAO3Ea4FotZ2" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss"> 2,181,302</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--ProfitLoss_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JointVenturesJointOperationMember_zAbP10AmkjYi" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss">(2,013,690)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ProfitLoss_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zYwqOdUjCxYj" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss">(636,674)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--ProfitLoss_pn3n3_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--RelatedPartiesMember_zKRam9V9FpH8" style="border-top: Black 2pt double; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Profit Loss"> (469,062)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif; font-size: 8pt">(1)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 8pt">For better presentation, certain amounts have been reclassified. The balance of ‘Cash and cash equivalents’, previously presented together with ‘Financial investments’, is presented separately in 2025.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Helvetica light,serif; font-size: 8pt">(2)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 8pt">Following the disposal of the shares of Usiminas, which reduced the Company’s interest to 4.99% in both common and preferred shares, Usiminas is no longer considered a related party of the Group. Accordingly, the balance presented relates exclusively to the period in which Usiminas was classified as a related party.</span></td></tr></table> 1979060000 1979060000 912533000 912533000 860591000 860591000 73045000 24254000 97299000 88750000 3230000 191000 92171000 19477000 2187000 54362000 76026000 127386000 74050000 201436000 4147000 4147000 5315000 5315000 2000 1829000 1831000 2000 1829000 1831000 92522000 30590000 2035251000 2158363000 88750000 135933000 1849194000 2073877000 142423000 142423000 6024000 2131858000 2137882000 3789000 1899239000 1903028000 53328000 53328000 47708000 47708000 1792579000 1792579000 6024000 2131858000 53328000 2191210000 3789000 3691818000 190131000 3885738000 98546000 2162448000 2088579000 4349573000 92539000 3827751000 2039325000 5959615000 19493000 171345000 864000 191702000 13676000 217289000 184892000 415857000 24400000 92892000 117292000 23245000 22571000 140991000 186807000 25841000 25841000 19493000 221586000 93756000 334835000 36921000 239860000 325883000 602664000 20850000 20850000 20850000 20850000 19493000 221586000 93756000 334835000 36921000 260710000 325883000 623514000 2144285000 49231000 79000 2193595000 2357816000 21362000 903000 2380081000 -2117736000 -334768000 -2452504000 -179022000 -2190343000 -227090000 -2596455000 2235000 220698000 83874000 306807000 2508000 155291000 38588000 196387000 24040000 24040000 141190000 141190000 -191986000 -191986000 -632612000 -632612000 42347000 42347000 -219635000 1796000 5687000 -212152000 1926885000 -1846011000 -413074000 -332200000 2181302000 -2013690000 -636674000 -469062000 2098532000 1829939000 125% to 130% <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfKeyManagementPersonnelCompensationTableTextBlock_pn3n3_zmMPcpYChzH4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - RELATED-PARTY BALANCES AND TRANSACTIONS (Details 1)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BA_z3tQznltHmy5" style="display: none">Schedule of key management personnel</span></td> <td> </td> <td id="xdx_497_20250101__20251231_ztSzLFLacH23" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_497_20240101__20241231_zSmPRrCXJETk" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_497_20230101__20231231_z2wriHAOaYYa" style="text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 54%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 17%">12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 13%">12/31/2024</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 13%">12/31/2023</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td colspan="5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">P&amp;L</td></tr> <tr id="xdx_40E_eifrs-full--KeyManagementPersonnelCompensationShorttermEmployeeBenefits_pn3n3_zIukm5rjsJY6" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Short-term benefits for employees and officers</td> <td> </td> <td style="text-align: right">77,885</td> <td style="text-align: right"> </td> <td style="text-align: right">71,248</td> <td style="text-align: right"> </td> <td style="text-align: right">62,478</td></tr> <tr id="xdx_40D_eifrs-full--KeyManagementPersonnelCompensationPostemploymentBenefits_pn3n3_zaCsh7SHrJIc" style="vertical-align: bottom"> <td>Post-employment benefits</td> <td> </td> <td style="text-align: right"> 840</td> <td style="text-align: right"> </td> <td style="text-align: right"> 814</td> <td style="text-align: right"> </td> <td style="text-align: right"> 450</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold"></td> <td style="font-weight: bold"> </td> <td id="xdx_988_eifrs-full--KeyManagementPersonnelCompensation_pn3n3_c20250101__20251231_zFZCkPZyNqib" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total compensation of personnel">78,725</td> <td style="font-weight: bold"> </td> <td id="xdx_98A_eifrs-full--KeyManagementPersonnelCompensation_pn3n3_c20240101__20241231_zhLbQ2fE1wjd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total compensation of personnel">72,062</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--KeyManagementPersonnelCompensation_pn3n3_c20230101__20231231_zPW2C3R87rk8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total compensation of personnel">62,928</td></tr> </table> 77885000 71248000 62478000 840000 814000 450000 78725000 72062000 62928000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfGuaranteesOfItsSubsidiariesAndJointVentureTableTextBlock_pn3n3_zgrdAfqAe3Xg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - RELATED-PARTY BALANCES AND TRANSACTIONS (Details 2)"> <tr> <td style="vertical-align: bottom; width: 18%"><span id="xdx_8BA_zstoUqrdcJR2" style="display: none">Schedule of guarantees</span></td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 6%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 14%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 7%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 7%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 6%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 6%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 7%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: middle; width: 6%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 7%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 7%"> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Currency</td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Maturities</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Borrowings</td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Tax foreclosure</td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Others</td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Total</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Transnordestina Logísitca</td> <td style="vertical-align: middle; text-align: center">R$</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_902_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember" title="Maturities">Up to 09/19/2056 and Indefinite</span></td> <td style="vertical-align: bottom"> </td> <td id="xdx_98C_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zuaGvE6Tsu41" style="vertical-align: middle; text-align: right" title="Borrowings">3,251,444</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_pn3n3" style="vertical-align: middle; text-align: right" title="Borrowings"> 3,966,722</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_ecustom--TaxForeclosure_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_z3ccbv19ww74" style="vertical-align: middle; text-align: right" title="Tax foreclosure"> 10,869</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_ecustom--TaxForeclosure_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_pn3n3" style="vertical-align: middle; text-align: right" title="Tax foreclosure"> 10,717</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_ecustom--OthersGuarantees_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zec3VshNCKo6" style="vertical-align: middle; text-align: right" title="Others">4,972</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_ecustom--OthersGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_pn3n3" style="vertical-align: middle; text-align: right" title="Others">4,828</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_ecustom--TotalGuarantees_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_zI10ZpKv6Lfl" style="vertical-align: middle; text-align: right" title="Total"> 3,267,285</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--TransnordestinaLogisticaSAMember_pn3n3" style="vertical-align: middle; text-align: right" title="Total"> 3,982,267</td></tr> <tr style="background-color: white"> <td style="vertical-align: middle; text-align: left">Subsidiaries</td> <td style="vertical-align: middle; text-align: center">R$</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_90E_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember" title="Maturities">Up to 01/10/2028 and Indefinite</span></td> <td style="vertical-align: bottom"> </td> <td id="xdx_98A_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_zTNjCtYmyXik" style="vertical-align: middle; text-align: right" title="Borrowings">368,590</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_pn3n3" style="vertical-align: middle; text-align: right" title="Borrowings"> 2,079,693</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_ecustom--OthersGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_pn3n3" style="vertical-align: middle; text-align: right" title="Others">600</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--OthersGuarantees_iI_pn3n3_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_zI5v8wGYEL8b" style="vertical-align: middle; text-align: right" title="Others">1,920</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_ecustom--TotalGuarantees_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_zyiLTYawWP67" style="vertical-align: middle; text-align: right" title="Total">369,190</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_ecustom--TotalGuarantees_iI_pn3n3_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember__ifrs-full--JointOperationsAxis__custom--ControladasDoGrupoMember_zjvNaVHGRc9f" style="vertical-align: middle; text-align: right" title="Total"> 2,081,613</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Total in R$</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_98E_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_zH5OTr3qoLbg" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings">3,620,034</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings"> 6,046,415</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_ecustom--TaxForeclosure_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Tax foreclosure"> 10,869</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--TaxForeclosure_iI_pn3n3_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_z0mCzFpo6Tv7" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Tax foreclosure"> 10,717</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_ecustom--OthersGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Others">5,572</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_ecustom--OthersGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Others">6,748</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_ecustom--TotalGuarantees_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_zH232H4Lcoid" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 3,636,475</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--LocalCurrencyMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 6,063,880</td></tr> <tr style="background-color: white"> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">CSN Inova Ventures</td> <td style="vertical-align: middle; text-align: center">US$</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_90E_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--JointOperationsAxis__custom--CSNInovaVenturesMember" title="Maturities">01/28/2028</span></td> <td style="vertical-align: bottom"> </td> <td id="xdx_988_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNInovaVenturesMember_zgN7hykoWokl" style="vertical-align: middle; text-align: right" title="Borrowings">1,300,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNInovaVenturesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Borrowings"> 1,300,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNInovaVenturesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Total"> 1,300,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNInovaVenturesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Total"> 1,300,000</td></tr> <tr style="background-color: white"> <td style="vertical-align: middle">CSN Resources</td> <td style="vertical-align: middle; text-align: center">US$</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"><span id="xdx_904_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--JointOperationsAxis__custom--CSNResourcesMember" title="Maturities">Up to 04/08/2032</span></td> <td style="vertical-align: bottom"> </td> <td id="xdx_982_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNResourcesMember_zxfPk5mfqxll" style="vertical-align: middle; text-align: right" title="Borrowings">2,233,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNResourcesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Borrowings"> 2,230,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNResourcesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Total"> 2,233,000</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember__ifrs-full--JointOperationsAxis__custom--CSNResourcesMember_pn3n3" style="vertical-align: middle; text-align: right" title="Total"> 2,230,000</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Total in US$</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_987_ecustom--BorrowingsRelatedParty_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings">3,533,000</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98B_ecustom--BorrowingsRelatedParty_iI_pn3n3_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember_zhzoQOiGM2G2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings"> 3,530,000</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 3,533,000</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_ecustom--TotalGuarantees_iI_pn3n3_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfUSDMember_z0x0MgphBvIa" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 3,530,000</td></tr> <tr style="vertical-align: middle; background-color: white"> <td>Lusosider Aços Planos</td> <td style="text-align: center">€</td> <td> </td> <td style="text-align: center"><span id="xdx_90A_eifrs-full--BorrowingsMaturity_c20250101__20251231__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--JointOperationsAxis__custom--LusosiderAcosPlanosMember" title="Maturities">Indefinite</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--OthersGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember__ifrs-full--JointOperationsAxis__custom--LusosiderAcosPlanosMember_pn3n3" style="text-align: right" title="Others">75,000</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--OthersGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember__ifrs-full--JointOperationsAxis__custom--LusosiderAcosPlanosMember_pn3n3" style="text-align: right" title="Others">75,000</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--OthersGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_pn3n3" style="text-align: right" title="Others"> 75,000</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--OthersGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_pn3n3" style="text-align: right" title="Others"> 75,000</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Total em €</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_983_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember__ifrs-full--JointOperationsAxis__custom--LusosiderAcosPlanosMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Total">75,000</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember__ifrs-full--JointOperationsAxis__custom--LusosiderAcosPlanosMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total">75,000</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Total"> 75,000</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember__ifrs-full--CurrencyInWhichInformationIsDisplayedAxis__custom--CurrencyOfEURMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 75,000</td></tr> <tr style="background-color: white"> <td style="font-weight: bold; vertical-align: middle">Total in R$</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td id="xdx_986_ecustom--BorrowingsRelatedParty_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings">19,279,934</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_985_ecustom--BorrowingsRelatedParty_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings"> 21,858,819</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"></td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_ecustom--OthersGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Others">481,725</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--OthersGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Others">482,723</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_984_ecustom--TotalGuarantees_c20251231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: middle; text-align: right" title="Total"> 19,761,659</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_988_ecustom--TotalGuarantees_c20241231__ifrs-full--ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis__ifrs-full--GuaranteesMember_pn3n3" style="font-weight: bold; vertical-align: middle; text-align: right" title="Total"> 22,341,542</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td id="xdx_982_ecustom--BorrowingsRelatedParty_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings">22,899,968</td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td id="xdx_983_ecustom--BorrowingsRelatedParty_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Borrowings"> 27,905,234</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--TaxForeclosure_iI_pn3n3_c20251231_z5ZPGLCk1aog" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Tax foreclosure"> 10,869</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_ecustom--TaxForeclosure_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Tax foreclosure"> 10,717</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_986_ecustom--OthersGuarantees_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Others">487,297</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_985_ecustom--OthersGuarantees_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Others">489,471</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98D_ecustom--TotalGuarantees_iI_pn3n3_c20251231_zcwyLBdsTeFe" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 23,398,134</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98C_ecustom--TotalGuarantees_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 28,405,422</td></tr> </table> Up to 09/19/2056 and Indefinite 3251444000 3966722000 10869000 10717000 4972000 4828000 3267285000 3982267000 Up to 01/10/2028 and Indefinite 368590000 2079693000 600000 1920000 369190000 2081613000 3620034000 6046415000 10869000 10717000 5572000 6748000 3636475000 6063880000 01/28/2028 1300000000 1300000000 1300000000 1300000000 Up to 04/08/2032 2233000000 2230000000 2233000000 2230000000 3533000000 3530000000 3533000000 3530000000 Indefinite 75000000 75000000 75000000 75000000 75000000 75000000 75000000 75000000 19279934000 21858819000 481725000 482723000 19761659000 22341542000 22899968000 27905234000 10869000 10717000 487297000 489471000 23398134000 28405422000 <p id="xdx_805_eifrs-full--DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_zg8dH2fp4h5l" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>25.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_82B_z7wCYZpphFo3">EQUITY</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>25.a)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Paid-in capital and authorized capital</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The fully subscribed and paid-in share capital as of December 31, 2025, and December 31, 2024, is R$<span id="xdx_906_eifrs-full--IssuedCapital_iI_pn3n3_c20251231_zDFXW4tGE2g7" title="Issued capital"><span id="xdx_90E_eifrs-full--IssuedCapital_iI_pn3n3_c20241231_zwH043HGoCL" title="Issued capital">10,240,000</span></span> divided into <span id="xdx_90C_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231_zMbPdiSZ4Me8" title="Number of shares outstanding"><span id="xdx_900_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231_zD3LmzABfsmc" title="Number of shares outstanding">1,326,093,947</span></span> common and book-entry shares, with no par value. Each common share entitles to one vote in the resolutions of the General Meeting.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>25.b)<span style="font-family: Helvetica light,serif">Authorized</span></b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>share capital</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company's bylaws in force on December 31, 2025, define that the share capital may be increased to up to <span id="xdx_908_ecustom--NumberOfSharesAuthorised1_iI_pip0_c20251231_zsE4e6Dohqq6" title="Number of shares authorised">2,400,000,000</span> shares, by decision of the Board of Directors, regardless of statutory reform.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>25.c)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Capital reserve</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company's capital reserve totaled R$ <span id="xdx_904_ecustom--CapitalReserves_iI_pn3n3_c20251231_zGtGbofgRJ6l" title="Capital reserve"><span id="xdx_901_ecustom--CapitalReserves_iI_pn3n3_c20241231_znmqvSdRAI7g" title="Capital reserve">32,720</span></span> as of December 31, 2025, and December 31, 2024. These amounts refer to gain on the sale of the Company’s treasury shares.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"></p> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>25.d)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Capital transactions</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The balances presented on December 31, 2025, and December 31, 2024 were constituted through gains on the sale of interests in subsidiaries, as well as by reflex treasury shares acquired by subsidiaries, in the amount of R$<span id="xdx_90F_ecustom--TreasuryStockValueAcquiredCostsMethod_pn3n3_c20250101__20251231_zEJVyONia0I8" title="Treasury shares acquired">2,248,080</span> and (R$<span id="xdx_90C_ecustom--TreasuryStockValueAcquiredCostsMethod_pn3n3_c20240101__20241231_z69abMItrYT" title="Treasury shares acquired">223,830</span>), respectively.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>25.e)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Legal reserve</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">It is constituted at the rate of <span id="xdx_906_ecustom--PercentageOfShares_iI_pip0_dp_c20251231_zigWKo4OvSf2" title="Percentage of shares">5</span>% of the net income calculated in each fiscal year, before any other allocation, pursuant to art. 193 of Law 6,404/76, up to a limit of <span id="xdx_90D_ecustom--PercentageOfCapitalStock_iI_pip0_dp_c20251231_z9xTEkcVrOg6" title="Percentage of capital stock">20</span>% of the capital stock.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>25.f)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Ownership structure</b></span></td></tr></table> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">As of December 31, 2025, and 2024, the Company’s ownership structure was as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfOwnershipStructureTableTextBlock_zLtqUs8vN6hl" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EQUITY (Details)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BE_zHM1FlqB1573" style="display: none">Schedule of ownership structure</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 28%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 14%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">12/31/2025</td> <td style="font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Number of common shares</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">% of total shares</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">% of voting capital</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Number of common shares</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">% of total shares</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">% of voting capital</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Vicunha Aços S.A. (*)</td> <td style="vertical-align: middle"> </td> <td id="xdx_98D_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_zwjuWDK7MxZh" style="vertical-align: bottom; text-align: right" title="Number of common shares">552,412,693</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_904_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_z1Z199OJhlLh" title="Percentage of total shares">41.66</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_900_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_z47Fc7DPJic9" title="Percentage of voting capital">41.66</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_986_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_zNHNXWjvXEui" style="vertical-align: bottom; text-align: right" title="Number of common shares">552,412,693</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_903_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_z3H4UtnuFMk7" title="Percentage of total shares">41.66</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_909_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_zCMS8ncnEa5l" title="Percentage of voting capital">41.66</span>%</td></tr> <tr> <td style="vertical-align: middle">Rio Iaco Participações S.A. (*)</td> <td style="vertical-align: middle"> </td> <td id="xdx_983_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_zbgKR1UMHhz4" style="vertical-align: bottom; text-align: right" title="Number of common shares">45,706,242</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_905_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_zgWJ3kbLhbQ6" title="Percentage of total shares">3.45</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90F_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_zQDS6zUbOUBj" title="Percentage of voting capital">3.45</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_985_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_zl8JpGQKmkB8" style="vertical-align: bottom; text-align: right" title="Number of common shares">45,706,242</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90D_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_z4ogLzfFdVHd" title="Percentage of total shares">3.45</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90E_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_ztIxWhz9k3Z7" title="Percentage of voting capital">3.45</span>%</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">CFL Ana Participações S.A.</td> <td style="vertical-align: middle"> </td> <td id="xdx_98A_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_ziPai9taopuh" style="vertical-align: bottom; text-align: right" title="Number of common shares">62,353,852</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90D_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_zhnxNy4STtBh" title="Percentage of total shares">4.70</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90C_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_zm5bC4jM2vtb" title="Percentage of voting capital">4.70</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_98F_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_zMH2UdDNo6le" style="vertical-align: bottom; text-align: right" title="Number of common shares">132,523,251</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_900_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_zM6Cv1n8CRDa" title="Percentage of total shares">9.99</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90A_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_zqP32kwgzup3" title="Percentage of voting capital">9.99</span>%</td></tr> <tr> <td style="vertical-align: middle">Avelina Participações S.A.</td> <td style="vertical-align: middle"> </td> <td id="xdx_989_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--AvelinaParticipacoesS.A.Member_zB68yK6IFqi6" style="vertical-align: bottom; text-align: right" title="Number of common shares">52,732,025</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--AvelinaParticipacoesS.A.Member_zcuJgZ2DxOtf" title="Percentage of total shares">3.98</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90B_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--AvelinaParticipacoesS.A.Member_zg3o9CpI6Hh9" title="Percentage of voting capital">3.98</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"></td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">NYSE (ADRs)</td> <td style="vertical-align: middle"> </td> <td id="xdx_984_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--NyseAdrsMember_zDZsOK3OLRBe" style="vertical-align: bottom; text-align: right" title="Number of common shares">320,979,296</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90A_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--NyseAdrsMember_zVVLae3k1R9b" title="Percentage of total shares">24.20</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_900_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--NyseAdrsMember_znxiX9jXqbzj" title="Percentage of voting capital">24.20</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_987_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__dei--LegalEntityAxis__custom--NyseAdrsMember_zoVTuN33Poee" style="vertical-align: bottom; text-align: right" title="Number of common shares">283,799,438</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_904_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--NyseAdrsMember_zkGasY1Yrhva" title="Percentage of total shares">21.40</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90D_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--NyseAdrsMember_zqRCoDnxjiQ8" title="Percentage of voting capital">21.40</span>%</td></tr> <tr> <td style="vertical-align: middle">Other shareholders</td> <td style="vertical-align: middle"> </td> <td id="xdx_986_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--OtherShareholdersMember_z6TOQFa4MGYb" style="vertical-align: bottom; text-align: right" title="Number of common shares">291,909,839</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--OtherShareholdersMember_zazzRSxFuzng" title="Percentage of total shares">22.01</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90F_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--OtherShareholdersMember_zCTeGn4Uekma" title="Percentage of voting capital">22.01</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_981_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__dei--LegalEntityAxis__custom--OtherShareholdersMember_zcK8NEAjZdFa" style="vertical-align: bottom; text-align: right" title="Number of common shares">311,652,323</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_907_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--OtherShareholdersMember_zwte1VwkecW6" title="Percentage of total shares">23.50</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_907_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--OtherShareholdersMember_zNaUJm8f5FZ" title="Percentage of voting capital">23.50</span>%</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="border-top: Black 0.5pt solid; font-weight: bold">Outstanding shares</td> <td> </td> <td id="xdx_980_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_zpHsoJRa1o0k" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Number of common shares"> 1,326,093,947</td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"><span id="xdx_90B_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_z27ADqP3FjP2" title="Percentage of total shares">100.00</span>%</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"><span id="xdx_908_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_zONc3CwnIA61" title="Percentage of voting capital">100.00</span>%</td> <td> </td> <td id="xdx_98A_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_zLbzmKxbJFm2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Number of common shares"> 1,326,093,947</td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"><span id="xdx_907_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_zDAQSvNIx8o8" title="Percentage of total shares">100.00</span>%</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"><span id="xdx_908_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_zt6nQI01SLHh" title="Percentage of voting capital">100.00</span>%</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Controlling group companies.</td></tr> </table> <p id="xdx_8AA_zDvY2t1oVQta" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On December 2, 2024, Vicunha Aços informed the Company about the acquisition of common shares issued by CSN. CSN, in turn, informed the market about the acquisition of a relevant equity interest the following day, informing that Vicunha Aços' interest now represents 41.66% of the share capital, according to correspondence received.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On July 11, 2025, CFL Participações S.A., the parent company of CFL Ana Participações S.A., in compliance with the provisions of article 12, paragraph 6 of CVM Resolution 44/2021, informed the Company about the disposal by from CFL Ana Participações S.A. of common shares issued by CSN to Avelina Participações. S.A. , a company also fully controlled by CFL Participações S.A. CSN, in turn, informed the market about the sale of a relevant equity interest the following day, informing that CFL Participações S.A. 's interest became <span id="xdx_905_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20250711__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_zCEsfw2dF0b4" title="Interest rate">9.99</span>% of the share capital, according to correspondence received.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>25.g)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Earnings/(Loss) per share</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The earnings/(loss) per share are shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfBasicEarningsLossPerShareTableTextBlock_zOf0FmYvfyW4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EQUITY (Details 1)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B1_zYTeB49Jz5Bi" style="display: none">Schedule of earning per share</span></td> <td id="xdx_496_20250101_20251231" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_494_20240101_20241231" style="text-align: center"> </td> <td id="xdx_492_20230101_20231231" style="text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 46%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 16%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 17%">12/31/2024</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 20%">12/31/2023</td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td></tr> <tr id="xdx_40F_eifrs-full--ProfitLossAttributableToOwnersOfParent_pn3n3_zX5Rt2veYDs7" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold">Loss for the period</td> <td style="font-weight: bold; text-align: right"> (2,002,374)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> (2,591,851)</td> <td style="font-weight: bold; text-align: right"> (318,206)</td></tr> <tr id="xdx_403_ecustom--WeightedAverageShare_z5PlClZYSAH1" style="vertical-align: bottom"> <td>Weighted average number of shares</td> <td style="text-align: right">1,326,093,947</td> <td style="text-align: right"> </td> <td style="text-align: right">1,326,093,947</td> <td style="text-align: right"> 1,326,093,947</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold">Basic and diluted loss per share</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"><span id="xdx_908_eifrs-full--BasicEarningsLossPerShare_pip0_c20250101__20251231_zQzVyF8s3DPi" title="Basic loss per share"><span id="xdx_907_eifrs-full--DilutedEarningsLossPerShare_pip0_c20250101__20251231_zNtlbOSL53Vk" title="Diluted loss per share">(1.50998</span></span>)</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"><span id="xdx_90A_eifrs-full--BasicEarningsLossPerShare_pip0_c20240101__20241231_zutkeJCfh03c" title="Basic loss per share"><span id="xdx_909_eifrs-full--DilutedEarningsLossPerShare_pip0_c20240101__20241231_zrAEOjaxG1Sf" title="Diluted loss per share">(1.95450</span></span>)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_90F_eifrs-full--BasicEarningsLossPerShare_pip0_c20230101__20231231_zGhOpRr1i2Bf" title="Basic loss per share"><span id="xdx_90C_eifrs-full--DilutedEarningsLossPerShare_pip0_c20230101__20231231_zrYyXVQej7gj" title="Diluted loss per share">(0.23996</span></span>)</td></tr> </table> <p id="xdx_8AF_zdjv2As9h4t4" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>25.h)<span style="font-family: Helvetica light,serif">Other</span></b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>comprehensive income</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">These are the accumulated conversion adjustments, acturial gains over pension plans, and the unrealized results with derivative financial instruments, such as equity valuation adjustments. The amount represents an accumulated balance of gain on December 31, 2025, of R$<span id="xdx_90E_ecustom--AccumulatedGainLoss_c20251231_pn3n3" title="Accumulated gain (loss)">782,078</span> (R$<span id="xdx_902_ecustom--AccumulatedGainLoss_iI_pn3n3_c20241231_zMtpac8ZNiI" title="Accumulated gain (loss)">1,824,917</span> of gain, on December 31, 2024).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"></p> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Share Capital </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Incremental costs directly attributable to the issuance of new shares or options are stated in shareholders' equity as a deduction from the amount raised, net of taxes.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Loss per share </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The basic earnings/loss per share is calculated through the net profit/loss for the year attributable to the Company's controlling shareholders and the weighted average of the common shares outstanding in the respective year. The diluted earnings/loss per share is calculated by means of said average of the outstanding shares, adjusted by the instruments potentially convertible into shares, with dilutive effect, in the years presented. The Company has no potential instruments convertible into shares and, consequently, the diluted profit/loss per share is equal to the basic earnings/loss per share.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Treasury shares</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">When any company in the group buys shares of the Company's capital (treasury shares), the amount paid, including any directly attributable additional costs (net of income tax), is deducted from the shareholders' equity attributable to the Company's shareholders until the shares are canceled or sold. When these shares are subsequently sold, any amount received, net of any directly attributable transaction costs and respective income tax and social contribution effects, is included in shareholders' equity attributable to the Company's shareholders.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Transactions and non-controlling interests</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company treats transactions with non-controlling interests as transactions with the Company's asset owners. For purchases of non-controlling interests, the difference between any consideration paid and the acquired portion of the book value of the subsidiary's net assets is recorded in shareholders' equity. Gains or losses on disposals to non-controlling interests are also recorded directly in shareholders' equity.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">When the Company ceases to have control, any interest retained in the entity is remeasured to its fair value, and the change in book value is recognized in profit or loss. Fair value is the initial carrying amount for subsequent accounting of the retained interest in an associate, a joint venture, or a financial asset. In addition, any amounts previously recognized in other comprehensive income relating to that entity are accounted for as if the Company had directly disposed of the related assets or liabilities. This means that amounts previously recognized in other comprehensive income are reclassified to profit or loss.</p> 10240000000 10240000000 1326093947 1326093947 2400000000 32720000 32720000 2248080000 223830000 0.05 0.20 <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfOwnershipStructureTableTextBlock_zLtqUs8vN6hl" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EQUITY (Details)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BE_zHM1FlqB1573" style="display: none">Schedule of ownership structure</span></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 28%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 14%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">12/31/2025</td> <td style="font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 9%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 11%">12/31/2024</td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Number of common shares</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">% of total shares</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">% of voting capital</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Number of common shares</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">% of total shares</td> <td style="font-weight: bold"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">% of voting capital</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Vicunha Aços S.A. (*)</td> <td style="vertical-align: middle"> </td> <td id="xdx_98D_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_zwjuWDK7MxZh" style="vertical-align: bottom; text-align: right" title="Number of common shares">552,412,693</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_904_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_z1Z199OJhlLh" title="Percentage of total shares">41.66</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_900_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_z47Fc7DPJic9" title="Percentage of voting capital">41.66</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_986_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_zNHNXWjvXEui" style="vertical-align: bottom; text-align: right" title="Number of common shares">552,412,693</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_903_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_z3H4UtnuFMk7" title="Percentage of total shares">41.66</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_909_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--VicunhaAcosSAMember_zCMS8ncnEa5l" title="Percentage of voting capital">41.66</span>%</td></tr> <tr> <td style="vertical-align: middle">Rio Iaco Participações S.A. (*)</td> <td style="vertical-align: middle"> </td> <td id="xdx_983_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_zbgKR1UMHhz4" style="vertical-align: bottom; text-align: right" title="Number of common shares">45,706,242</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_905_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_zgWJ3kbLhbQ6" title="Percentage of total shares">3.45</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90F_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_zQDS6zUbOUBj" title="Percentage of voting capital">3.45</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_985_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_zl8JpGQKmkB8" style="vertical-align: bottom; text-align: right" title="Number of common shares">45,706,242</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90D_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_z4ogLzfFdVHd" title="Percentage of total shares">3.45</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90E_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--RioLacoParticipacoesSAMember_ztIxWhz9k3Z7" title="Percentage of voting capital">3.45</span>%</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">CFL Ana Participações S.A.</td> <td style="vertical-align: middle"> </td> <td id="xdx_98A_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_ziPai9taopuh" style="vertical-align: bottom; text-align: right" title="Number of common shares">62,353,852</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90D_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_zhnxNy4STtBh" title="Percentage of total shares">4.70</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90C_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_zm5bC4jM2vtb" title="Percentage of voting capital">4.70</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_98F_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_zMH2UdDNo6le" style="vertical-align: bottom; text-align: right" title="Number of common shares">132,523,251</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_900_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_zM6Cv1n8CRDa" title="Percentage of total shares">9.99</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90A_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--CFLAnaParticipacoesSAMember_zqP32kwgzup3" title="Percentage of voting capital">9.99</span>%</td></tr> <tr> <td style="vertical-align: middle">Avelina Participações S.A.</td> <td style="vertical-align: middle"> </td> <td id="xdx_989_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--AvelinaParticipacoesS.A.Member_zB68yK6IFqi6" style="vertical-align: bottom; text-align: right" title="Number of common shares">52,732,025</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--AvelinaParticipacoesS.A.Member_zcuJgZ2DxOtf" title="Percentage of total shares">3.98</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90B_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--AvelinaParticipacoesS.A.Member_zg3o9CpI6Hh9" title="Percentage of voting capital">3.98</span>%</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"></td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">NYSE (ADRs)</td> <td style="vertical-align: middle"> </td> <td id="xdx_984_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--NyseAdrsMember_zDZsOK3OLRBe" style="vertical-align: bottom; text-align: right" title="Number of common shares">320,979,296</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90A_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--NyseAdrsMember_zVVLae3k1R9b" title="Percentage of total shares">24.20</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_900_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--NyseAdrsMember_znxiX9jXqbzj" title="Percentage of voting capital">24.20</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_987_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__dei--LegalEntityAxis__custom--NyseAdrsMember_zoVTuN33Poee" style="vertical-align: bottom; text-align: right" title="Number of common shares">283,799,438</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_904_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--NyseAdrsMember_zkGasY1Yrhva" title="Percentage of total shares">21.40</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90D_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--NyseAdrsMember_zqRCoDnxjiQ8" title="Percentage of voting capital">21.40</span>%</td></tr> <tr> <td style="vertical-align: middle">Other shareholders</td> <td style="vertical-align: middle"> </td> <td id="xdx_986_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__dei--LegalEntityAxis__custom--OtherShareholdersMember_z6TOQFa4MGYb" style="vertical-align: bottom; text-align: right" title="Number of common shares">291,909,839</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--OtherShareholdersMember_zazzRSxFuzng" title="Percentage of total shares">22.01</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_90F_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__dei--LegalEntityAxis__custom--OtherShareholdersMember_zCTeGn4Uekma" title="Percentage of voting capital">22.01</span>%</td> <td style="vertical-align: middle"> </td> <td id="xdx_981_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__dei--LegalEntityAxis__custom--OtherShareholdersMember_zcK8NEAjZdFa" style="vertical-align: bottom; text-align: right" title="Number of common shares">311,652,323</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_907_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--OtherShareholdersMember_zwte1VwkecW6" title="Percentage of total shares">23.50</span>%</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"><span id="xdx_907_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__dei--LegalEntityAxis__custom--OtherShareholdersMember_zNaUJm8f5FZ" title="Percentage of voting capital">23.50</span>%</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="border-top: Black 0.5pt solid; font-weight: bold">Outstanding shares</td> <td> </td> <td id="xdx_980_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20251231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_zpHsoJRa1o0k" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Number of common shares"> 1,326,093,947</td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"><span id="xdx_90B_ecustom--PercentageOfShares_iI_pip0_dp_c20251231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_z27ADqP3FjP2" title="Percentage of total shares">100.00</span>%</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"><span id="xdx_908_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_zONc3CwnIA61" title="Percentage of voting capital">100.00</span>%</td> <td> </td> <td id="xdx_98A_eifrs-full--NumberOfSharesOutstanding_iI_pip0_c20241231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_zLbzmKxbJFm2" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Number of common shares"> 1,326,093,947</td> <td> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"><span id="xdx_907_ecustom--PercentageOfShares_iI_pip0_dp_c20241231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_zDAQSvNIx8o8" title="Percentage of total shares">100.00</span>%</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"><span id="xdx_908_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__ifrs-full--ComponentsOfEquityAxis__custom--OutstandingSharesMember_zt6nQI01SLHh" title="Percentage of voting capital">100.00</span>%</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(*)</td> <td style="text-align: justify; width: 98%">Controlling group companies.</td></tr> </table> 552412693 0.4166 0.4166 552412693 0.4166 0.4166 45706242 0.0345 0.0345 45706242 0.0345 0.0345 62353852 0.0470 0.0470 132523251 0.0999 0.0999 52732025 0.0398 0.0398 320979296 0.2420 0.2420 283799438 0.2140 0.2140 291909839 0.2201 0.2201 311652323 0.2350 0.2350 1326093947 1.0000 1.0000 1326093947 1.0000 1.0000 0.0999 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfBasicEarningsLossPerShareTableTextBlock_zOf0FmYvfyW4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EQUITY (Details 1)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B1_zYTeB49Jz5Bi" style="display: none">Schedule of earning per share</span></td> <td id="xdx_496_20250101_20251231" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_494_20240101_20241231" style="text-align: center"> </td> <td id="xdx_492_20230101_20231231" style="text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 46%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 16%">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle; text-align: right; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 17%">12/31/2024</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 20%">12/31/2023</td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td></tr> <tr id="xdx_40F_eifrs-full--ProfitLossAttributableToOwnersOfParent_pn3n3_zX5Rt2veYDs7" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold">Loss for the period</td> <td style="font-weight: bold; text-align: right"> (2,002,374)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> (2,591,851)</td> <td style="font-weight: bold; text-align: right"> (318,206)</td></tr> <tr id="xdx_403_ecustom--WeightedAverageShare_z5PlClZYSAH1" style="vertical-align: bottom"> <td>Weighted average number of shares</td> <td style="text-align: right">1,326,093,947</td> <td style="text-align: right"> </td> <td style="text-align: right">1,326,093,947</td> <td style="text-align: right"> 1,326,093,947</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold">Basic and diluted loss per share</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"><span id="xdx_908_eifrs-full--BasicEarningsLossPerShare_pip0_c20250101__20251231_zQzVyF8s3DPi" title="Basic loss per share"><span id="xdx_907_eifrs-full--DilutedEarningsLossPerShare_pip0_c20250101__20251231_zNtlbOSL53Vk" title="Diluted loss per share">(1.50998</span></span>)</td> <td style="text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"><span id="xdx_90A_eifrs-full--BasicEarningsLossPerShare_pip0_c20240101__20241231_zutkeJCfh03c" title="Basic loss per share"><span id="xdx_909_eifrs-full--DilutedEarningsLossPerShare_pip0_c20240101__20241231_zrAEOjaxG1Sf" title="Diluted loss per share">(1.95450</span></span>)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_90F_eifrs-full--BasicEarningsLossPerShare_pip0_c20230101__20231231_zGhOpRr1i2Bf" title="Basic loss per share"><span id="xdx_90C_eifrs-full--DilutedEarningsLossPerShare_pip0_c20230101__20231231_zrYyXVQej7gj" title="Diluted loss per share">(0.23996</span></span>)</td></tr> </table> -2002374000 -2591851000 -318206000 1326093947 1326093947 1326093947 -1.50998 -1.50998 -1.95450 -1.95450 -0.23996 -0.23996 782078000 1824917000 <p id="xdx_80E_ecustom--DisclosureOfShareholdersCompensationExplanatory_zL6dzxqLTMa3" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>26.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_82D_ztZvD2eXbSR6">SHAREHOLDER’S COMPENSATION</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0">As of December 31, 2025, the Company recorded a loss for the year of (R$<span id="xdx_90A_ecustom--StatutoryReserveLoss_iI_pn3n3_c20251231_zAwOLZ8CDUp8" title="Statutory reserve loss">2,002,374</span>), which was partially offset by the consumption of amounts from the statutory reserve.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company adopts a profit distribution policy which, in compliance with the provisions of Law No. 6,404/76 as amended by Law 9,457/97, will imply the allocation of all net income to its shareholders, provided that the following priorities are preserved, regardless of its order: (i) business strategy (ii) compliance with obligations (iii) making the necessary investments and (iv) the maintenance of a good financial situation for the Company.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">In accordance with article 33 of the Company’s Bylaws, at least 25% of the net income for the year, adjusted under the terms of article 202 of Law 6,404/76, will be distributed as dividends in each fiscal year, which will be reflected in current liabilities. In addition, the Board of Directors may pay interest on equity by allocating the amount of interest paid or credited to the minimum mandatory dividends mentioned above. If the Company reports a dividend higher than the mandatory minimum in the allocation proposal, this amount is highlighted in a specific account in equity under “Proposed Additional Dividend”.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; background-color: white">According to Law no. 6.404/76 as amended by Law no. 11.638/07 and pursuant to the sole paragraph of article 189, the loss for the year will be mandatorily absorbed by retained earnings, profit reserves and legal reserve, in that order.</p> 2002374000 <p id="xdx_80F_eifrs-full--DisclosureOfRevenueExplanatory_zTjBW515Hejd" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>27.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_822_zQgibRbytwTf">NET REVENUE FROM SALES</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; text-indent: 0.05pt">Net sales revenue is comprised as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; text-indent: 0.05pt"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfNetSalesRevenueTableTextBlock_zYRjS3adMO01" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - NET REVENUE FROM SALES (Details)"> <tr style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; text-align: left"><span id="xdx_8B5_z9W2qnXIL5Mh" style="display: none">Schedule of net sales revenue</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 47%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 19%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 15%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%"> Consolidated </td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; background-color: white"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Gross revenue</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; text-align: left">In Brazil</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--GrossRevenue_pn3n3_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z61u2ky5BxAi" style="text-align: right" title="Gross revenue"> 28,502,944</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--GrossRevenue_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_pn3n3" style="text-align: right" title="Gross revenue">29,029,141</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--GrossRevenue_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_pn3n3" style="text-align: right" title="Gross revenue"> 28,383,814</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Abroad</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--GrossRevenue_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_pn3n3" style="text-align: right" title="Gross revenue"> 22,812,604</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--GrossRevenue_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_pn3n3" style="text-align: right" title="Gross revenue">21,552,287</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--GrossRevenue_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_pn3n3" style="border-bottom: Black 0.5pt solid; text-align: right" title="Gross revenue"> 23,596,603</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--GrossRevenue_c20250101__20251231_pn3n3" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Gross revenue"> 51,315,548</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--GrossRevenue_c20240101__20241231_pn3n3" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Gross revenue">50,581,428</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--GrossRevenue_c20230101__20231231_pn3n3" style="font-weight: bold; text-align: right" title="Gross revenue"> 51,980,417</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Deductions </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left">Sales returns, discounts and rebates</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--SalesReturnsDiscountsAndRebates_pn3n3_c20250101__20251231_zdgcbKzdN3me" style="text-align: right" title="Sales returns, discounts and rebates"> (551,214)</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--SalesReturnsDiscountsAndRebates_c20240101__20241231_pn3n3" style="text-align: right" title="Sales returns, discounts and rebates"> (786,103)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--SalesReturnsDiscountsAndRebates_c20230101__20231231_pn3n3" style="text-align: right; background-color: white" title="Sales returns, discounts and rebates"> (673,746)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Taxes on sales</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--TaxEffectOfRevenues_c20250101__20251231_pn3n3" style="text-align: right" title="Taxes on sales">(5,966,388)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--TaxEffectOfRevenues_pn3n3_c20240101__20241231_zzhfnIEiEpdf" style="text-align: right" title="Taxes on sales"> (6,107,865)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--TaxEffectOfRevenues_c20230101__20231231_pn3n3" style="text-align: right" title="Taxes on sales">(5,868,721)</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_ecustom--RevenueDeductions_pn3n3_c20250101__20251231_zmYb7CAeKxwh" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Deductions">(6,517,602)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_ecustom--RevenueDeductions_c20240101__20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Deductions"> (6,893,968)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--RevenueDeductions_c20230101__20231231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; background-color: white" title="Deductions">(6,542,467)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Net revenue</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--NetRevenues_pn3n3_c20250101__20251231_znA6zecawyBh" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Net revenue"> 44,797,946</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_ecustom--NetRevenues_c20240101__20241231_pn3n3" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Net revenue">43,687,460</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_ecustom--NetRevenues_c20230101__20231231_pn3n3" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Net revenue"> 45,437,950</td></tr> </table> <p id="xdx_8A1_ztCPvnEpIBMe" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company's revenue is recognized as soon as all the conditions below are met:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Identification of the contract for the sale of goods or provision of services</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Identification of performance obligations</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Determination of the contract value</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Determinations of the amount allocated to each of the performance obligations included in the contract and</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif">Revenue recognition over time or when performance obligations are completed.</span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company's operating revenues are generated through the production and sale of steel, mining, and cement products, railway and port logistics services, and energy sales. In the normal course of activities, it is measured by the fair value of the consideration the entity expects to receive in exchange for the delivery of the promised good or service to the customer.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Revenue recognition occurs when or as the entity satisfies a performance obligation by transferring the good or service to the customer, with a performance obligation understood as an executable promise in a contract with a customer to transfer a good/service or a series of goods or services.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">If it is probable that discounts will be granted and the amount can be measured reliably, then the discount is recognized as a reduction in operating revenue as sales are recognized.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company recognizes iron ore sales revenue when product control is transferred to customers, which in most cases occurs when the product is loaded onto the vessel or vehicle for transport, at the destination port or customer facilities. There may be circumstances where judgment is required based on the control indicators highlighted above. In export sales made under the CFR (Cost and Freight) and CIF (Cost, Insurance and Freight) shipping terms, the customer has a current obligation to pay according to the sales contract terms, typically when the ship is loaded. At this point, the payment obligation covers both the product and freight, and in certain cases, insurance after the date when control of the goods transfers to the customer at the loading port.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The operating revenue from the sale of goods and services in the normal course of activities is measured by the fair value of the consideration that the entity expects to receive in exchange for delivering the promised good or service to the customer. Iron ore sales contracts are provisionally fixed at prices at the time revenues are recognized and a provisional invoice is issued as stipulated in the contract the selling price of these products can be reliably measured each period, as the price is quoted in an active market. Therefore, the fair value of the final sales price adjustment is continuously reassessed and variations in fair value are recognized as sales revenue in the income statement.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfNetSalesRevenueTableTextBlock_zYRjS3adMO01" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - NET REVENUE FROM SALES (Details)"> <tr style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; text-align: left"><span id="xdx_8B5_z9W2qnXIL5Mh" style="display: none">Schedule of net sales revenue</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 47%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 19%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 15%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 16%"> Consolidated </td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; background-color: white"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Gross revenue</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; text-align: left">In Brazil</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--GrossRevenue_pn3n3_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z61u2ky5BxAi" style="text-align: right" title="Gross revenue"> 28,502,944</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--GrossRevenue_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_pn3n3" style="text-align: right" title="Gross revenue">29,029,141</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--GrossRevenue_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_pn3n3" style="text-align: right" title="Gross revenue"> 28,383,814</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Abroad</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_ecustom--GrossRevenue_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_pn3n3" style="text-align: right" title="Gross revenue"> 22,812,604</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--GrossRevenue_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_pn3n3" style="text-align: right" title="Gross revenue">21,552,287</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--GrossRevenue_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_pn3n3" style="border-bottom: Black 0.5pt solid; text-align: right" title="Gross revenue"> 23,596,603</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_ecustom--GrossRevenue_c20250101__20251231_pn3n3" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Gross revenue"> 51,315,548</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--GrossRevenue_c20240101__20241231_pn3n3" style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right" title="Gross revenue">50,581,428</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_ecustom--GrossRevenue_c20230101__20231231_pn3n3" style="font-weight: bold; text-align: right" title="Gross revenue"> 51,980,417</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Deductions </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left">Sales returns, discounts and rebates</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--SalesReturnsDiscountsAndRebates_pn3n3_c20250101__20251231_zdgcbKzdN3me" style="text-align: right" title="Sales returns, discounts and rebates"> (551,214)</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--SalesReturnsDiscountsAndRebates_c20240101__20241231_pn3n3" style="text-align: right" title="Sales returns, discounts and rebates"> (786,103)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--SalesReturnsDiscountsAndRebates_c20230101__20231231_pn3n3" style="text-align: right; background-color: white" title="Sales returns, discounts and rebates"> (673,746)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Taxes on sales</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--TaxEffectOfRevenues_c20250101__20251231_pn3n3" style="text-align: right" title="Taxes on sales">(5,966,388)</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--TaxEffectOfRevenues_pn3n3_c20240101__20241231_zzhfnIEiEpdf" style="text-align: right" title="Taxes on sales"> (6,107,865)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--TaxEffectOfRevenues_c20230101__20231231_pn3n3" style="text-align: right" title="Taxes on sales">(5,868,721)</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_ecustom--RevenueDeductions_pn3n3_c20250101__20251231_zmYb7CAeKxwh" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Deductions">(6,517,602)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_ecustom--RevenueDeductions_c20240101__20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Deductions"> (6,893,968)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_ecustom--RevenueDeductions_c20230101__20231231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; background-color: white" title="Deductions">(6,542,467)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Net revenue</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_ecustom--NetRevenues_pn3n3_c20250101__20251231_znA6zecawyBh" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Net revenue"> 44,797,946</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_ecustom--NetRevenues_c20240101__20241231_pn3n3" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Net revenue">43,687,460</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_ecustom--NetRevenues_c20230101__20231231_pn3n3" style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt" title="Net revenue"> 45,437,950</td></tr> </table> 28502944000 29029141000 28383814000 22812604000 21552287000 23596603000 51315548000 50581428000 51980417000 -551214000 -786103000 -673746000 -5966388000 -6107865000 -5868721000 -6517602000 -6893968000 -6542467000 44797946000 43687460000 45437950000 <p id="xdx_80B_eifrs-full--DisclosureOfExpensesByNatureExplanatory_zBeTFRyBqzqk" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>28.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_825_zvKif23qloli">EXPENSES BY NATURE</span></b></span></td></tr></table> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfExpensesByNatureTableTextBlock_pn3n3_zMUoaVVH4WRi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EXPENSES BY NATURE (Details)"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left"><span id="xdx_8B7_zK9e8tjZ3qj7" style="display: none">Schedule of expenses by nature</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 46%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%"> Consolidated </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2023</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Raw materials and inputs</td> <td> </td> <td id="xdx_98F_ecustom--OperatingExpenseExcludingCostOfSale_pn3n3_c20250101__20251231__custom--ExpensesByNatureAxis__custom--RawMaterialsAndInputsMember_zMagZuudOmx2" style="text-align: right" title="Expense, net"> (12,381,240)</td> <td> </td> <td id="xdx_982_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--RawMaterialsAndInputsMember_pn3n3" style="text-align: right" title="Expense, net"> (13,883,091)</td> <td> </td> <td id="xdx_980_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--RawMaterialsAndInputsMember_pn3n3" style="text-align: right" title="Expense, net">(12,732,273)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Outsourcing material <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td> </td> <td id="xdx_989_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--OutsourcingMaterialMember_pn3n3" style="text-align: right" title="Expense, net"> (3,707,769)</td> <td> </td> <td id="xdx_98B_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--OutsourcingMaterialMember_pn3n3" style="text-align: right" title="Expense, net"> (3,086,404)</td> <td> </td> <td id="xdx_98D_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--OutsourcingMaterialMember_pn3n3" style="text-align: right" title="Expense, net">(5,104,273)</td></tr> <tr style="background-color: #DCE6F1"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Labor cost</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_988_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--LaborCostMember_pn3n3" style="vertical-align: bottom; text-align: right" title="Expense, net"> (5,498,678)</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_98A_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--LaborCostMember_pn3n3" style="vertical-align: bottom; text-align: right" title="Expense, net"> (4,954,714)</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_98C_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--LaborCostMember_pn3n3" style="vertical-align: bottom; text-align: right" title="Expense, net">(4,268,241)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Supplies</td> <td> </td> <td id="xdx_989_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--SuppliesMember_pn3n3" style="text-align: right" title="Expense, net"> (3,106,845)</td> <td> </td> <td id="xdx_98B_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--SuppliesMember_pn3n3" style="text-align: right" title="Expense, net"> (2,822,094)</td> <td> </td> <td id="xdx_985_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--SuppliesMember_pn3n3" style="text-align: right" title="Expense, net">(3,735,873)</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Maintenance cost (services and materials)</td> <td> </td> <td id="xdx_989_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--MaintenanceCostServicesAndMaterialsMember_pn3n3" style="text-align: right" title="Expense, net"> (1,319,794)</td> <td> </td> <td id="xdx_98B_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--MaintenanceCostServicesAndMaterialsMember_pn3n3" style="text-align: right" title="Expense, net">(950,420)</td> <td> </td> <td id="xdx_985_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--MaintenanceCostServicesAndMaterialsMember_pn3n3" style="text-align: right" title="Expense, net"> (578,514)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Outsourcing services</td> <td> </td> <td id="xdx_981_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--OutsourcingServicesMember_pn3n3" style="text-align: right" title="Expense, net"> (2,928,203)</td> <td> </td> <td id="xdx_987_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--OutsourcingServicesMember_pn3n3" style="text-align: right" title="Expense, net"> (2,069,469)</td> <td> </td> <td id="xdx_985_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--OutsourcingServicesMember_pn3n3" style="text-align: right" title="Expense, net">(2,905,888)</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Freight</td> <td> </td> <td id="xdx_981_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--FreightsMember_pn3n3" style="text-align: right" title="Expense, net"> (5,157,022)</td> <td> </td> <td id="xdx_983_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--FreightsMember_pn3n3" style="text-align: right" title="Expense, net"> (5,762,086)</td> <td> </td> <td id="xdx_98C_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--FreightsMember_pn3n3" style="text-align: right" title="Expense, net">(4,185,360)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Depreciation, amortization and depletion</td> <td> </td> <td id="xdx_988_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_pn3n3" style="text-align: right" title="Expense, net"> (3,975,964)</td> <td> </td> <td id="xdx_98E_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_pn3n3" style="text-align: right" title="Expense, net"> (3,690,677)</td> <td> </td> <td id="xdx_98C_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_pn3n3" style="text-align: right" title="Expense, net">(3,291,149)</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Others</td> <td> </td> <td id="xdx_98B_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--OthersOneMember_pn3n3" style="text-align: right" title="Expense, net">(341,018)</td> <td> </td> <td id="xdx_98D_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--OthersOneMember_pn3n3" style="text-align: right" title="Expense, net"> (1,081,037)</td> <td> </td> <td id="xdx_98F_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--OthersOneMember_pn3n3" style="text-align: right" title="Expense, net">(1,163,601)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; font-weight: bold; font-style: italic; text-align: left"> </td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_98A_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Expense, net"> (38,416,533)</td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_988_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Expense, net"> (38,299,992)</td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_98E_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Expense, net">(37,965,172)</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: bottom">Classified as:</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td></tr> <tr style="background-color: white"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost of sales</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_989_ecustom--CostOfSales1_c20250101__20251231_pn3n3" style="vertical-align: bottom; text-align: right" title="Cost of sales"> (32,404,221)</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_984_ecustom--CostOfSales1_pn3n3_c20240101__20241231_znusUtn1yyml" style="vertical-align: bottom; text-align: right" title="Cost of sales"> (31,990,696)</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_98D_ecustom--CostOfSales1_c20230101__20231231_pn3n3" style="vertical-align: bottom; text-align: right" title="Cost of sales">(33,475,189)</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Selling expenses</td> <td> </td> <td id="xdx_981_ecustom--SalesAndMarketingExpense1_c20250101__20251231_pn3n3" style="text-align: right" title="Selling expenses"> (5,033,148)</td> <td> </td> <td id="xdx_984_ecustom--SalesAndMarketingExpense1_pn3n3_c20240101__20241231_zDC07RfdlDb1" style="text-align: right" title="Selling expenses"> (5,453,297)</td> <td> </td> <td id="xdx_985_ecustom--SalesAndMarketingExpense1_c20230101__20231231_pn3n3" style="text-align: right" title="Selling expenses">(3,729,089)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">General and administrative expenses</td> <td> </td> <td id="xdx_98D_ecustom--AdministrativeExpense1_c20250101__20251231_pn3n3" style="text-align: right" title="General and administrative expenses">(979,164)</td> <td> </td> <td id="xdx_984_ecustom--AdministrativeExpense1_pn3n3_c20240101__20241231_zEQmjRcbfiG3" style="text-align: right" title="General and administrative expenses">(855,999)</td> <td> </td> <td id="xdx_989_ecustom--AdministrativeExpense1_c20230101__20231231_pn3n3" style="text-align: right" title="General and administrative expenses"> (760,894)</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; font-weight: bold; font-style: italic; text-align: left"> </td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_985_ecustom--MiscellaneousOtherOperatingExpense1_c20250101__20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> (38,416,533)</td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_985_ecustom--MiscellaneousOtherOperatingExpense1_pn3n3_c20240101__20241231_zCZaZOBSWDae" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> (38,299,992)</td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_981_ecustom--MiscellaneousOtherOperatingExpense1_c20230101__20231231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">(37,965,172)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Refers to the acquisition of third-party ores for blending purposes.</td></tr> </table> <p id="xdx_8AF_zaDYwFXcttD8" style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Depreciation, amortization, and depletion for the year were distributed as follows.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfDepreciationAmortizationAndDepletionTableTextBlock_pn3n3_zMxMY16Fk8kg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EXPENSES BY NATURE (Details 1)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B0_zG6tHwRV8z29" style="display: none">Schedule of depreciation amortization and depletion</span></td> <td id="xdx_49A_20250101__20251231__custom--ExpenseByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_zLo1Cau66Vq2" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49C_20240101__20241231__custom--ExpenseByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_zRHLKxp2TjY4" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_495_20230101__20231231__custom--ExpenseByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_zAOKTszzlNyh" style="text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 44%"> </td> <td style="font-weight: bold; width: 18%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 18%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 18%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 1pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td> <td style="border-top: Black 1pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2023</td></tr> <tr id="xdx_405_eifrs-full--CostOfSales_iN_pn3n3_di_zoRcL8ScqB6f" style="vertical-align: middle; background-color: #DCE6F1"> <td>Production costs</td> <td style="text-align: right"> (3,875,865)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (3,609,493)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (3,226,469)</td></tr> <tr id="xdx_406_eifrs-full--SalesAndMarketingExpense_iN_pn3n3_di_z8WPjbei3Z3f" style="vertical-align: middle"> <td>Selling expenses</td> <td style="text-align: right">(56,741)</td> <td style="text-align: right"> </td> <td style="text-align: right">(51,304)</td> <td style="text-align: right"> </td> <td style="text-align: right">(29,593)</td></tr> <tr id="xdx_40C_eifrs-full--AdministrativeExpense_iN_pn3n3_di_zdxBgdqOqvm4" style="vertical-align: middle; background-color: #DCE6F1"> <td>General and administrative expenses</td> <td style="text-align: right">(43,358)</td> <td style="text-align: right"> </td> <td style="text-align: right">(29,880)</td> <td style="text-align: right"> </td> <td style="text-align: right">(35,087)</td></tr> <tr id="xdx_405_eifrs-full--OperatingExpense_iN_pn3n3_di_zNztPhBk0asd" style="vertical-align: middle"> <td style="font-weight: bold"><b style="display: none">Total</b></td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> (3,975,964)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> (3,690,677)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> (3,291,149)</td></tr> <tr id="xdx_40D_eifrs-full--OtherOperatingIncomeExpense_pn3n3_zRXsEU202uo5" style="vertical-align: middle; background-color: #DCE6F1"> <td>Other operational <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="text-align: right">(174,511)</td> <td style="text-align: right"> </td> <td style="text-align: right">(95,378)</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right">(80,924)</td></tr> <tr id="xdx_40E_eifrs-full--MiscellaneousOtherOperatingExpense_iN_pn3n3_di_zXrUkwLPPAd4" style="vertical-align: middle"> <td style="font-weight: bold"><b style="display: none">Net</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (4,150,475)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (3,786,055)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt"> (3,372,073)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 2%"><span style="font-family: Helvetica light,serif; font-size: 8pt">(1)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 8pt">The cost of production includes PIS and COFINS credits on lease agreements as of December 31, 2024, in the amount of R$ 5,357 (R$ 7,068 as of December 31, 2023).</span></td></tr></table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%"><span style="font-family: Helvetica light,serif; font-size: 8pt">(2)</span></td> <td style="text-align: justify; width: 98%"><span style="font-family: Helvetica light,serif; font-size: 8pt">Refer substantially to the depreciation of investment properties. and scheduled shutdown for renovation of Blast Furnace 2.</span></td></tr> </table> <p id="xdx_8A6_z4M0Z1PhjZL4" style="margin-top: 0; margin-bottom: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfExpensesByNatureTableTextBlock_pn3n3_zMUoaVVH4WRi" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EXPENSES BY NATURE (Details)"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left"><span id="xdx_8B7_zK9e8tjZ3qj7" style="display: none">Schedule of expenses by nature</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 46%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 17%"> Consolidated </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2023</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Raw materials and inputs</td> <td> </td> <td id="xdx_98F_ecustom--OperatingExpenseExcludingCostOfSale_pn3n3_c20250101__20251231__custom--ExpensesByNatureAxis__custom--RawMaterialsAndInputsMember_zMagZuudOmx2" style="text-align: right" title="Expense, net"> (12,381,240)</td> <td> </td> <td id="xdx_982_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--RawMaterialsAndInputsMember_pn3n3" style="text-align: right" title="Expense, net"> (13,883,091)</td> <td> </td> <td id="xdx_980_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--RawMaterialsAndInputsMember_pn3n3" style="text-align: right" title="Expense, net">(12,732,273)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Outsourcing material <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td> </td> <td id="xdx_989_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--OutsourcingMaterialMember_pn3n3" style="text-align: right" title="Expense, net"> (3,707,769)</td> <td> </td> <td id="xdx_98B_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--OutsourcingMaterialMember_pn3n3" style="text-align: right" title="Expense, net"> (3,086,404)</td> <td> </td> <td id="xdx_98D_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--OutsourcingMaterialMember_pn3n3" style="text-align: right" title="Expense, net">(5,104,273)</td></tr> <tr style="background-color: #DCE6F1"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Labor cost</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_988_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--LaborCostMember_pn3n3" style="vertical-align: bottom; text-align: right" title="Expense, net"> (5,498,678)</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_98A_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--LaborCostMember_pn3n3" style="vertical-align: bottom; text-align: right" title="Expense, net"> (4,954,714)</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_98C_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--LaborCostMember_pn3n3" style="vertical-align: bottom; text-align: right" title="Expense, net">(4,268,241)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Supplies</td> <td> </td> <td id="xdx_989_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--SuppliesMember_pn3n3" style="text-align: right" title="Expense, net"> (3,106,845)</td> <td> </td> <td id="xdx_98B_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--SuppliesMember_pn3n3" style="text-align: right" title="Expense, net"> (2,822,094)</td> <td> </td> <td id="xdx_985_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--SuppliesMember_pn3n3" style="text-align: right" title="Expense, net">(3,735,873)</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Maintenance cost (services and materials)</td> <td> </td> <td id="xdx_989_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--MaintenanceCostServicesAndMaterialsMember_pn3n3" style="text-align: right" title="Expense, net"> (1,319,794)</td> <td> </td> <td id="xdx_98B_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--MaintenanceCostServicesAndMaterialsMember_pn3n3" style="text-align: right" title="Expense, net">(950,420)</td> <td> </td> <td id="xdx_985_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--MaintenanceCostServicesAndMaterialsMember_pn3n3" style="text-align: right" title="Expense, net"> (578,514)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Outsourcing services</td> <td> </td> <td id="xdx_981_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--OutsourcingServicesMember_pn3n3" style="text-align: right" title="Expense, net"> (2,928,203)</td> <td> </td> <td id="xdx_987_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--OutsourcingServicesMember_pn3n3" style="text-align: right" title="Expense, net"> (2,069,469)</td> <td> </td> <td id="xdx_985_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--OutsourcingServicesMember_pn3n3" style="text-align: right" title="Expense, net">(2,905,888)</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Freight</td> <td> </td> <td id="xdx_981_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--FreightsMember_pn3n3" style="text-align: right" title="Expense, net"> (5,157,022)</td> <td> </td> <td id="xdx_983_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--FreightsMember_pn3n3" style="text-align: right" title="Expense, net"> (5,762,086)</td> <td> </td> <td id="xdx_98C_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--FreightsMember_pn3n3" style="text-align: right" title="Expense, net">(4,185,360)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Depreciation, amortization and depletion</td> <td> </td> <td id="xdx_988_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_pn3n3" style="text-align: right" title="Expense, net"> (3,975,964)</td> <td> </td> <td id="xdx_98E_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_pn3n3" style="text-align: right" title="Expense, net"> (3,690,677)</td> <td> </td> <td id="xdx_98C_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_pn3n3" style="text-align: right" title="Expense, net">(3,291,149)</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Others</td> <td> </td> <td id="xdx_98B_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231__custom--ExpensesByNatureAxis__custom--OthersOneMember_pn3n3" style="text-align: right" title="Expense, net">(341,018)</td> <td> </td> <td id="xdx_98D_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231__custom--ExpensesByNatureAxis__custom--OthersOneMember_pn3n3" style="text-align: right" title="Expense, net"> (1,081,037)</td> <td> </td> <td id="xdx_98F_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231__custom--ExpensesByNatureAxis__custom--OthersOneMember_pn3n3" style="text-align: right" title="Expense, net">(1,163,601)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; font-weight: bold; font-style: italic; text-align: left"> </td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_98A_ecustom--OperatingExpenseExcludingCostOfSale_c20250101__20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Expense, net"> (38,416,533)</td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_988_ecustom--OperatingExpenseExcludingCostOfSale_c20240101__20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Expense, net"> (38,299,992)</td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_98E_ecustom--OperatingExpenseExcludingCostOfSale_c20230101__20231231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Expense, net">(37,965,172)</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: bottom">Classified as:</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td></tr> <tr style="background-color: white"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Cost of sales</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_989_ecustom--CostOfSales1_c20250101__20251231_pn3n3" style="vertical-align: bottom; text-align: right" title="Cost of sales"> (32,404,221)</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_984_ecustom--CostOfSales1_pn3n3_c20240101__20241231_znusUtn1yyml" style="vertical-align: bottom; text-align: right" title="Cost of sales"> (31,990,696)</td> <td style="font-style: italic; vertical-align: bottom"> </td> <td id="xdx_98D_ecustom--CostOfSales1_c20230101__20231231_pn3n3" style="vertical-align: bottom; text-align: right" title="Cost of sales">(33,475,189)</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Selling expenses</td> <td> </td> <td id="xdx_981_ecustom--SalesAndMarketingExpense1_c20250101__20251231_pn3n3" style="text-align: right" title="Selling expenses"> (5,033,148)</td> <td> </td> <td id="xdx_984_ecustom--SalesAndMarketingExpense1_pn3n3_c20240101__20241231_zDC07RfdlDb1" style="text-align: right" title="Selling expenses"> (5,453,297)</td> <td> </td> <td id="xdx_985_ecustom--SalesAndMarketingExpense1_c20230101__20231231_pn3n3" style="text-align: right" title="Selling expenses">(3,729,089)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">General and administrative expenses</td> <td> </td> <td id="xdx_98D_ecustom--AdministrativeExpense1_c20250101__20251231_pn3n3" style="text-align: right" title="General and administrative expenses">(979,164)</td> <td> </td> <td id="xdx_984_ecustom--AdministrativeExpense1_pn3n3_c20240101__20241231_zEQmjRcbfiG3" style="text-align: right" title="General and administrative expenses">(855,999)</td> <td> </td> <td id="xdx_989_ecustom--AdministrativeExpense1_c20230101__20231231_pn3n3" style="text-align: right" title="General and administrative expenses"> (760,894)</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; font-weight: bold; font-style: italic; text-align: left"> </td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_985_ecustom--MiscellaneousOtherOperatingExpense1_c20250101__20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> (38,416,533)</td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_985_ecustom--MiscellaneousOtherOperatingExpense1_pn3n3_c20240101__20241231_zCZaZOBSWDae" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> (38,299,992)</td> <td style="font-weight: bold; font-style: italic"> </td> <td id="xdx_981_ecustom--MiscellaneousOtherOperatingExpense1_c20230101__20231231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">(37,965,172)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">Refers to the acquisition of third-party ores for blending purposes.</td></tr> </table> -12381240000 -13883091000 -12732273000 -3707769000 -3086404000 -5104273000 -5498678000 -4954714000 -4268241000 -3106845000 -2822094000 -3735873000 -1319794000 -950420000 -578514000 -2928203000 -2069469000 -2905888000 -5157022000 -5762086000 -4185360000 -3975964000 -3690677000 -3291149000 -341018000 -1081037000 -1163601000 -38416533000 -38299992000 -37965172000 -32404221000 -31990696000 -33475189000 -5033148000 -5453297000 -3729089000 -979164000 -855999000 -760894000 -38416533000 -38299992000 -37965172000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfDepreciationAmortizationAndDepletionTableTextBlock_pn3n3_zMxMY16Fk8kg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EXPENSES BY NATURE (Details 1)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B0_zG6tHwRV8z29" style="display: none">Schedule of depreciation amortization and depletion</span></td> <td id="xdx_49A_20250101__20251231__custom--ExpenseByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_zLo1Cau66Vq2" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49C_20240101__20241231__custom--ExpenseByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_zRHLKxp2TjY4" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_495_20230101__20231231__custom--ExpenseByNatureAxis__custom--DepreciationAmortizationAndDepletionMember_zAOKTszzlNyh" style="text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 44%"> </td> <td style="font-weight: bold; width: 18%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 18%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 18%">Consolidated</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2025</td> <td style="border-top: Black 1pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2024</td> <td style="border-top: Black 1pt solid; font-weight: bold; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">12/31/2023</td></tr> <tr id="xdx_405_eifrs-full--CostOfSales_iN_pn3n3_di_zoRcL8ScqB6f" style="vertical-align: middle; background-color: #DCE6F1"> <td>Production costs</td> <td style="text-align: right"> (3,875,865)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (3,609,493)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (3,226,469)</td></tr> <tr id="xdx_406_eifrs-full--SalesAndMarketingExpense_iN_pn3n3_di_z8WPjbei3Z3f" style="vertical-align: middle"> <td>Selling expenses</td> <td style="text-align: right">(56,741)</td> <td style="text-align: right"> </td> <td style="text-align: right">(51,304)</td> <td style="text-align: right"> </td> <td style="text-align: right">(29,593)</td></tr> <tr id="xdx_40C_eifrs-full--AdministrativeExpense_iN_pn3n3_di_zdxBgdqOqvm4" style="vertical-align: middle; background-color: #DCE6F1"> <td>General and administrative expenses</td> <td style="text-align: right">(43,358)</td> <td style="text-align: right"> </td> <td style="text-align: right">(29,880)</td> <td style="text-align: right"> </td> <td style="text-align: right">(35,087)</td></tr> <tr id="xdx_405_eifrs-full--OperatingExpense_iN_pn3n3_di_zNztPhBk0asd" style="vertical-align: middle"> <td style="font-weight: bold"><b style="display: none">Total</b></td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> (3,975,964)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> (3,690,677)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> (3,291,149)</td></tr> <tr id="xdx_40D_eifrs-full--OtherOperatingIncomeExpense_pn3n3_zRXsEU202uo5" style="vertical-align: middle; background-color: #DCE6F1"> <td>Other operational <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="text-align: right">(174,511)</td> <td style="text-align: right"> </td> <td style="text-align: right">(95,378)</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right">(80,924)</td></tr> <tr id="xdx_40E_eifrs-full--MiscellaneousOtherOperatingExpense_iN_pn3n3_di_zXrUkwLPPAd4" style="vertical-align: middle"> <td style="font-weight: bold"><b style="display: none">Net</b></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (4,150,475)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (3,786,055)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt"> (3,372,073)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 2%"><span style="font-family: Helvetica light,serif; font-size: 8pt">(1)</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 8pt">The cost of production includes PIS and COFINS credits on lease agreements as of December 31, 2024, in the amount of R$ 5,357 (R$ 7,068 as of December 31, 2023).</span></td></tr></table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%"><span style="font-family: Helvetica light,serif; font-size: 8pt">(2)</span></td> <td style="text-align: justify; width: 98%"><span style="font-family: Helvetica light,serif; font-size: 8pt">Refer substantially to the depreciation of investment properties. and scheduled shutdown for renovation of Blast Furnace 2.</span></td></tr> </table> 3875865000 3609493000 3226469000 56741000 51304000 29593000 43358000 29880000 35087000 3975964000 3690677000 3291149000 -174511000 -95378000 -80924000 4150475000 3786055000 3372073000 <p id="xdx_804_eifrs-full--DisclosureOfOtherOperatingIncomeExpenseExplanatory_zm1Een8Jpcuh" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman,serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>29.</b></span></td><td><span style="font-family: Helvetica light,serif"><b><span id="xdx_82D_zX5H2jQ3iwWj">OTHER OPERATING (EXPENSES)/INCOME</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfOtherOperatingIncomeExpensesTableTextBlock_pn3n3_z5KaCj7Oaeo3" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - OTHER OPERATING (EXPENSES)/INCOME (Details)"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left"><span id="xdx_8BD_z7SLscLswW7" style="display: none">Schedule of other operating income and expenses</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_498_20250101__20251231_zmnBpZjg4g7a" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_495_20240101__20241231_zUD6c59rIRMg" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_492_20230101__20231231_z9j7nzFSrnUh" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 54%"> </td> <td style="width: 12%"> </td> <td style="font-weight: bold; text-align: right; width: 12%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> Consolidated </td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Ref.</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2023</td></tr> <tr id="xdx_407_ecustom--OtherOperatingIncomeAbstract_iB_zryzlKjUOZf4" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold">Other operating income</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40A_ecustom--ReceivablesByIndemnity_pn3n3_zy0EvUPATrc9" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Receivables by indemnity</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">45,591</td> <td style="text-align: right"> </td> <td style="text-align: right">78,322</td> <td style="text-align: right"> </td> <td style="text-align: right">12,608</td></tr> <tr id="xdx_40A_ecustom--RentalsAndLeases_pn3n3_z5Y0C7COFfOl" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Rentals and leases</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">30,406</td> <td style="text-align: right"> </td> <td style="text-align: right">25,961</td> <td style="text-align: right"> </td> <td style="text-align: right">20,730</td></tr> <tr id="xdx_405_ecustom--DividendsReceived1_pn3n3_zacd51LuKzu6" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Dividends receivable</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">1,693</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,436</td> <td style="text-align: right"> </td> <td style="text-align: right">1,039</td></tr> <tr id="xdx_402_ecustom--ContractualFines_pn3n3_zZrrZTppCp85" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Contractual fines</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> (126,387)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (211,700)</td> <td style="text-align: right"> </td> <td style="text-align: right">4,356</td></tr> <tr id="xdx_40F_eifrs-full--TaxEffectOfTaxLosses_pn3n3_zSwAPGKoUKD6" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Tax recuperation</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">160,387</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,676</td> <td style="text-align: right"> </td> <td style="text-align: right">249,852</td></tr> <tr id="xdx_400_ecustom--UpdatedSharesFairValueThroughProfitOrLossOne_pn3n3_zudALj25nXal" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Updated shares – Fair value through profit or loss</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> (15,963)</td></tr> <tr id="xdx_408_ecustom--GainOnSaleOfInvestment_pn3n3_zmoEHdpED6Sk" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Gain on sale of investments <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> 8,451</td> <td style="text-align: right"> </td> <td style="text-align: right">114,763</td></tr> <tr id="xdx_404_ecustom--OthersRevenues_pn3n3_z6jxkHa3sVg3" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Other revenues</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">58,647</td> <td style="text-align: right"> </td> <td style="text-align: right">118,966</td> <td style="text-align: right"> </td> <td style="text-align: right">62,631</td></tr> <tr id="xdx_40D_ecustom--TotalOtherOperatingIncome_pn3n3_zbNESwAMjvha" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left"><b style="display: none">Total other operating income</b></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">170,337</td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">23,112</td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">450,016</td></tr> <tr id="xdx_40F_ecustom--OtherOperatingExpensesAbstract_iB_z2drZLnLJIJf" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold">Other operating expenses</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td></tr> <tr id="xdx_404_ecustom--TaxesAndFees_pn3n3_z9d7tFPZN0Jd" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Taxes and fees</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> (133,854)</td> <td> </td> <td style="text-align: right"> (278,289)</td> <td> </td> <td style="text-align: right"> (106,771)</td></tr> <tr id="xdx_40E_ecustom--ExpensesreversalWithEnvironmentalLiabilitiesNet_pn3n3_zMm6VVAurJN9" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Expenses with environmental liabilities, net</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> (10,739)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (48,870)</td> <td> </td> <td style="text-align: right"> (18,031)</td></tr> <tr id="xdx_405_ecustom--NetReversalsexpensesOnLegalProceedings_pn3n3_zHeU2shJwF94" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Net reversals/(expenses) on legal proceedings <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">214,959</td> <td style="text-align: right"> </td> <td style="text-align: right"> (270,326)</td> <td> </td> <td style="text-align: right"> (12,441)</td></tr> <tr id="xdx_40D_ecustom--DepreciationOfInvestmentPropertiesIdleEquipmentAndAmortizationOfIntangibleAssets_pn3n3_zt4zmxo0aiEf" style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Depreciation of investment properties, idle equipment and amortization of intangible assets</td> <td style="text-align: center">28</td> <td style="text-align: right"> (174,511)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (95,378)</td> <td> </td> <td style="text-align: right"> (80,924)</td></tr> <tr id="xdx_405_ecustom--ReversalsestimatedWriteoffsOrLossesInPropertyPlantAndEquipmentIntangibleAssetsAndInvestmentPropertiesNetOfReversals_pn3n3_zRENzCnrPLK3" style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left">Reversals/(Estimated write-offs or losses) in property, plant and equipment, intangible assets and investment properties, net of reversals</td> <td style="text-align: center"> 10.d, 11 and 12 </td> <td style="text-align: right"> (102,480)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (62,996)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (122,894)</td></tr> <tr id="xdx_40C_ecustom--LossesestimatedReversalsInInventories_pn3n3_zZJk2ePia7xa" style="background-color: #DCE6F1"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">(Losses)/Estimated reversals in inventories</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (684,415)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (284,557)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (655,055)</td></tr> <tr id="xdx_403_ecustom--IdlenessInStocksAndParalyzedEquipment_pn3n3_zYDds9WfB1M1"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Idleness in stocks and paralyzed equipment</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (442,533)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (234,461)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (296,819)</td></tr> <tr id="xdx_40D_ecustom--StudiesAndProjectEngineeringExpenses_pn3n3_zfDwOuXZgM8b" style="background-color: #DCE6F1"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Studies and project engineering expenses</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (84,600)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (57,129)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (58,303)</td></tr> <tr id="xdx_408_ecustom--HealthcarePlanExpenses_pn3n3_z6qPocmux4oh"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Healthcare plan expenses</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (65,374)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (40,269)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (36,147)</td></tr> <tr id="xdx_403_ecustom--RealizedCashFlowHedge_pn3n3_zp7oC4ctrcSj" style="background-color: #DCE6F1"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Realized cash flow hedge</td> <td style="vertical-align: bottom; text-align: center">15.b</td> <td style="vertical-align: middle; text-align: right"> (516,568)</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right">211,506</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right">(1,144,335)</td></tr> <tr id="xdx_40F_ecustom--PensionPlanExpense_pn3n3_zgwhFU3IVWWa"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Pension plan expense</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (55,273)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (44,529)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (59,411)</td></tr> <tr id="xdx_40B_ecustom--OtherExpensesOne_pn3n3_z8K63DQuBGj4" style="background-color: #DCE6F1"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Other expenses</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (198,432)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (383,308)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (496,045)</td></tr> <tr id="xdx_403_ecustom--TotalOtherOperatingExpenses_pn3n3_zqpQNEtc8WJc" style="vertical-align: bottom"> <td style="padding-left: 15px; text-align: left"><b style="display: none">Total other operating expenses</b></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right">(2,253,820)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right">(1,588,606)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right">(3,087,176)</td></tr> <tr id="xdx_402_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_zi8czrpx2Qr" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Other operating income (expenses), net </td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(2,083,483)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(1,565,494)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(2,637,160)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">In the Consolidated, net financial income includes the reversal of a provision in the amount of R$ 493,347 thousand related to a lawsuit for which the risk classification was altered from probable to possible according to a reassessment carried out by the Company's legal advisors given current jurisprudential understanding on the subject (see note 22).</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">The effect of the gain on the sale of investments was neutralized through changes in equity investment earnings (see note 10).</td></tr> </table> <p id="xdx_8A7_zw4rDMV9lyzi" style="margin-top: 0; margin-bottom: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfOtherOperatingIncomeExpensesTableTextBlock_pn3n3_z5KaCj7Oaeo3" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - OTHER OPERATING (EXPENSES)/INCOME (Details)"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left"><span id="xdx_8BD_z7SLscLswW7" style="display: none">Schedule of other operating income and expenses</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td id="xdx_498_20250101__20251231_zmnBpZjg4g7a" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_495_20240101__20241231_zUD6c59rIRMg" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_492_20230101__20231231_z9j7nzFSrnUh" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 54%"> </td> <td style="width: 12%"> </td> <td style="font-weight: bold; text-align: right; width: 12%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 9%"> Consolidated </td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Ref.</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2023</td></tr> <tr id="xdx_407_ecustom--OtherOperatingIncomeAbstract_iB_zryzlKjUOZf4" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold">Other operating income</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td> <td> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40A_ecustom--ReceivablesByIndemnity_pn3n3_zy0EvUPATrc9" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Receivables by indemnity</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">45,591</td> <td style="text-align: right"> </td> <td style="text-align: right">78,322</td> <td style="text-align: right"> </td> <td style="text-align: right">12,608</td></tr> <tr id="xdx_40A_ecustom--RentalsAndLeases_pn3n3_z5Y0C7COFfOl" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Rentals and leases</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">30,406</td> <td style="text-align: right"> </td> <td style="text-align: right">25,961</td> <td style="text-align: right"> </td> <td style="text-align: right">20,730</td></tr> <tr id="xdx_405_ecustom--DividendsReceived1_pn3n3_zacd51LuKzu6" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Dividends receivable</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">1,693</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,436</td> <td style="text-align: right"> </td> <td style="text-align: right">1,039</td></tr> <tr id="xdx_402_ecustom--ContractualFines_pn3n3_zZrrZTppCp85" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Contractual fines</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> (126,387)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (211,700)</td> <td style="text-align: right"> </td> <td style="text-align: right">4,356</td></tr> <tr id="xdx_40F_eifrs-full--TaxEffectOfTaxLosses_pn3n3_zSwAPGKoUKD6" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Tax recuperation</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">160,387</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,676</td> <td style="text-align: right"> </td> <td style="text-align: right">249,852</td></tr> <tr id="xdx_400_ecustom--UpdatedSharesFairValueThroughProfitOrLossOne_pn3n3_zudALj25nXal" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Updated shares – Fair value through profit or loss</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> (15,963)</td></tr> <tr id="xdx_408_ecustom--GainOnSaleOfInvestment_pn3n3_zmoEHdpED6Sk" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Gain on sale of investments <span style="font: normal 400 8pt HELVETICA LIGHT">⁽²⁾</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> 8,451</td> <td style="text-align: right"> </td> <td style="text-align: right">114,763</td></tr> <tr id="xdx_404_ecustom--OthersRevenues_pn3n3_z6jxkHa3sVg3" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Other revenues</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">58,647</td> <td style="text-align: right"> </td> <td style="text-align: right">118,966</td> <td style="text-align: right"> </td> <td style="text-align: right">62,631</td></tr> <tr id="xdx_40D_ecustom--TotalOtherOperatingIncome_pn3n3_zbNESwAMjvha" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left"><b style="display: none">Total other operating income</b></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">170,337</td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">23,112</td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">450,016</td></tr> <tr id="xdx_40F_ecustom--OtherOperatingExpensesAbstract_iB_z2drZLnLJIJf" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold">Other operating expenses</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td></tr> <tr id="xdx_404_ecustom--TaxesAndFees_pn3n3_z9d7tFPZN0Jd" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Taxes and fees</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> (133,854)</td> <td> </td> <td style="text-align: right"> (278,289)</td> <td> </td> <td style="text-align: right"> (106,771)</td></tr> <tr id="xdx_40E_ecustom--ExpensesreversalWithEnvironmentalLiabilitiesNet_pn3n3_zMm6VVAurJN9" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Expenses with environmental liabilities, net</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right"> (10,739)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (48,870)</td> <td> </td> <td style="text-align: right"> (18,031)</td></tr> <tr id="xdx_405_ecustom--NetReversalsexpensesOnLegalProceedings_pn3n3_zHeU2shJwF94" style="vertical-align: bottom; background-color: white"> <td style="padding-left: 15px; text-align: left">Net reversals/(expenses) on legal proceedings <span style="font: normal 400 8pt HELVETICA LIGHT">⁽¹⁾</span></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">214,959</td> <td style="text-align: right"> </td> <td style="text-align: right"> (270,326)</td> <td> </td> <td style="text-align: right"> (12,441)</td></tr> <tr id="xdx_40D_ecustom--DepreciationOfInvestmentPropertiesIdleEquipmentAndAmortizationOfIntangibleAssets_pn3n3_zt4zmxo0aiEf" style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Depreciation of investment properties, idle equipment and amortization of intangible assets</td> <td style="text-align: center">28</td> <td style="text-align: right"> (174,511)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (95,378)</td> <td> </td> <td style="text-align: right"> (80,924)</td></tr> <tr id="xdx_405_ecustom--ReversalsestimatedWriteoffsOrLossesInPropertyPlantAndEquipmentIntangibleAssetsAndInvestmentPropertiesNetOfReversals_pn3n3_zRENzCnrPLK3" style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left">Reversals/(Estimated write-offs or losses) in property, plant and equipment, intangible assets and investment properties, net of reversals</td> <td style="text-align: center"> 10.d, 11 and 12 </td> <td style="text-align: right"> (102,480)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (62,996)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (122,894)</td></tr> <tr id="xdx_40C_ecustom--LossesestimatedReversalsInInventories_pn3n3_zZJk2ePia7xa" style="background-color: #DCE6F1"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">(Losses)/Estimated reversals in inventories</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (684,415)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (284,557)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (655,055)</td></tr> <tr id="xdx_403_ecustom--IdlenessInStocksAndParalyzedEquipment_pn3n3_zYDds9WfB1M1"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Idleness in stocks and paralyzed equipment</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (442,533)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (234,461)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (296,819)</td></tr> <tr id="xdx_40D_ecustom--StudiesAndProjectEngineeringExpenses_pn3n3_zfDwOuXZgM8b" style="background-color: #DCE6F1"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Studies and project engineering expenses</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (84,600)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (57,129)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (58,303)</td></tr> <tr id="xdx_408_ecustom--HealthcarePlanExpenses_pn3n3_z6qPocmux4oh"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Healthcare plan expenses</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (65,374)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (40,269)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (36,147)</td></tr> <tr id="xdx_403_ecustom--RealizedCashFlowHedge_pn3n3_zp7oC4ctrcSj" style="background-color: #DCE6F1"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Realized cash flow hedge</td> <td style="vertical-align: bottom; text-align: center">15.b</td> <td style="vertical-align: middle; text-align: right"> (516,568)</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right">211,506</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right">(1,144,335)</td></tr> <tr id="xdx_40F_ecustom--PensionPlanExpense_pn3n3_zgwhFU3IVWWa"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Pension plan expense</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (55,273)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (44,529)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (59,411)</td></tr> <tr id="xdx_40B_ecustom--OtherExpensesOne_pn3n3_z8K63DQuBGj4" style="background-color: #DCE6F1"> <td style="padding-left: 15px; vertical-align: bottom; text-align: left">Other expenses</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (198,432)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (383,308)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (496,045)</td></tr> <tr id="xdx_403_ecustom--TotalOtherOperatingExpenses_pn3n3_zqpQNEtc8WJc" style="vertical-align: bottom"> <td style="padding-left: 15px; text-align: left"><b style="display: none">Total other operating expenses</b></td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right">(2,253,820)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right">(1,588,606)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right">(3,087,176)</td></tr> <tr id="xdx_402_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_zi8czrpx2Qr" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> Other operating income (expenses), net </td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(2,083,483)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(1,565,494)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(2,637,160)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(1)</td> <td style="text-align: justify; width: 98%">In the Consolidated, net financial income includes the reversal of a provision in the amount of R$ 493,347 thousand related to a lawsuit for which the risk classification was altered from probable to possible according to a reassessment carried out by the Company's legal advisors given current jurisprudential understanding on the subject (see note 22).</td></tr> </table> <p style="font: 8pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/115% Helvetica light,serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%">(2)</td> <td style="text-align: justify; width: 98%">The effect of the gain on the sale of investments was neutralized through changes in equity investment earnings (see note 10).</td></tr> </table> 45591000 78322000 12608000 30406000 25961000 20730000 1693000 1436000 1039000 -126387000 -211700000 4356000 160387000 1676000 249852000 -15963000 8451000 114763000 58647000 118966000 62631000 170337000 23112000 450016000 -133854000 -278289000 -106771000 -10739000 -48870000 -18031000 214959000 -270326000 -12441000 -174511000 -95378000 -80924000 -102480000 -62996000 -122894000 -684415000 -284557000 -655055000 -442533000 -234461000 -296819000 -84600000 -57129000 -58303000 -65374000 -40269000 -36147000 -516568000 211506000 -1144335000 -55273000 -44529000 -59411000 -198432000 -383308000 -496045000 -2253820000 -1588606000 -3087176000 -2083483000 -1565494000 -2637160000 <p id="xdx_808_eifrs-full--DisclosureOfFinanceIncomeExpenseExplanatory_zHGg8e7ellL3" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>30.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_82B_zOllVwHVvoge">FINANCIAL INCOME/(EXPENSE)</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ScheduleOfFinancialIncomeExpensesTableTextBlock_pn3n3_zTjuOG5ranZb" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INCOME/(EXPENSE) (Details)"> <tr style="background-color: white"> <td style="vertical-align: middle"><span id="xdx_8B1_zoS14SXnmtd9" style="display: none">Schedule of financial income expenses</span></td> <td style="vertical-align: middle; text-align: center"> </td> <td id="xdx_497_20250101__20251231_zHtp6K5mczfe" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: left"> </td> <td id="xdx_49C_20240101__20241231_zxuUq7y9GtS8" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_492_20230101__20231231_zNbrsUGVWDy8" style="vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="vertical-align: middle; width: 58%"> </td> <td style="text-align: center; vertical-align: middle; width: 7%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 11%"> </td> <td style="vertical-align: middle; width: 1%"> </td> <td style="vertical-align: middle; width: 11%"> </td> <td style="vertical-align: middle; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 11%"> Consolidated </td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2023</td></tr> <tr id="xdx_40A_ecustom--FinancialIncomeAbstract_iB_zfi53N26pRx9" style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Financial income</td> <td style="text-align: center; font-weight: bold"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_409_ecustom--RelatedParties_zGyiQd2qlGS8" style="background-color: #DCE6F1"> <td style="vertical-align: middle"> Related parties </td> <td style="vertical-align: middle; text-align: center"> 24.b </td> <td style="vertical-align: bottom; text-align: right">311,335</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 245,336</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">225,149</td></tr> <tr id="xdx_40B_ecustom--IncomeFromFinancialInvestments_zdBibzJr3297" style="background-color: white"> <td style="vertical-align: bottom"> Income from financial investments </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> 1,034,063</td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 952,779</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right">826,028</td></tr> <tr id="xdx_40A_ecustom--UpdatedShareFairValueThroughProfitOrLoss_zZW7YpypH2K" style="background-color: #DCE6F1"> <td style="vertical-align: middle"> Updated shares – Fair value through profit or loss </td> <td style="vertical-align: middle; text-align: center"> 15.d </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right">308,309</td></tr> <tr id="xdx_40D_ecustom--DividendsReceived2_z9SMDqcOQk9g" style="background-color: white"> <td style="vertical-align: middle"> Dividends receivable </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> 7,663</td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 2,512</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 52,516</td></tr> <tr id="xdx_40C_ecustom--InterestAndFines_z5d0JdSqGCN1" style="vertical-align: middle; background-color: #DCE6F1"> <td> Interest and fines </td> <td style="text-align: center"> </td> <td style="text-align: right"> 69,934</td> <td style="text-align: right"> </td> <td style="text-align: right"> 77,480</td> <td style="text-align: right"> </td> <td style="text-align: right"> 82,634</td></tr> <tr id="xdx_404_eifrs-full--OtherIncome_i_pn3n3" style="vertical-align: middle; background-color: white"> <td> Other income </td> <td style="text-align: center"> </td> <td style="text-align: right"> 93,812</td> <td style="text-align: right"> </td> <td style="text-align: right"> 119,956</td> <td style="text-align: right"> </td> <td style="text-align: right">161,111</td></tr> <tr id="xdx_40F_ecustom--TotalFinancialIncome_zTrrGnP5dyYi" style="vertical-align: middle; background-color: #DCE6F1"> <td><b style="display: none">Total financial income</b> </td> <td style="text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 1,516,807</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">1,398,063</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 1,655,747</td></tr> <tr id="xdx_406_ecustom--FinancialExpensesAbstract_iB_zHHdKehwZ0dj" style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Financial expenses</td> <td style="text-align: center; font-weight: bold"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_40C_ecustom--BorrowingsAndFinancingForeignCurrency_zr8I804Gptgc" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Borrowings and financing - foreign currency</td> <td style="text-align: center">14</td> <td style="text-align: right">(2,221,823)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (2,334,763)</td> <td style="text-align: left"> </td> <td style="text-align: right">(1,567,508)</td></tr> <tr id="xdx_401_ecustom--BorrowingsAndFinancingLocalCurrency_zcnAy9DZ9nH9" style="vertical-align: middle; background-color: white"> <td style="text-align: left">Borrowings and financing - local currency</td> <td style="text-align: center">14</td> <td style="text-align: right">(2,092,298)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (1,895,650)</td> <td style="text-align: left"> </td> <td style="text-align: right">(2,096,805)</td></tr> <tr id="xdx_40B_ecustom--CapitalisedInterest_zYEPzm2RySbe" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Capitalized interest </td> <td style="text-align: center">11</td> <td style="text-align: right">403,302</td> <td style="text-align: left"> </td> <td style="text-align: right"> 206,764</td> <td style="text-align: left"> </td> <td style="text-align: right">182,799</td></tr> <tr id="xdx_400_ecustom--UpdatedSharesFairValueThroughProfitOrLossExpenses_zzDJtZt7Tfp4" style="vertical-align: middle; background-color: white"> <td style="text-align: left">Updated shares – Fair value through profit or loss</td> <td style="text-align: center">15.d</td> <td style="text-align: right">(57,562)</td> <td style="text-align: left"> </td> <td style="text-align: right">(632,612)</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_40F_ecustom--RelatedPartiesOne_zknjHb033kVa" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Related parties</td> <td style="text-align: center">24.b</td> <td style="text-align: right">(4,528)</td> <td style="text-align: left"> </td> <td style="text-align: right">(6,602)</td> <td style="text-align: left"> </td> <td style="text-align: right">(8,249)</td></tr> <tr id="xdx_403_ecustom--LeaseLiabilitiesOne_zwPlyvIQ2t4e" style="vertical-align: middle; background-color: white"> <td style="text-align: left">Lease liabilities</td> <td style="text-align: center"> </td> <td style="text-align: right"> (105,771)</td> <td style="text-align: left"> </td> <td style="text-align: right">(94,034)</td> <td style="text-align: left"> </td> <td style="text-align: right">(76,514)</td></tr> <tr id="xdx_40F_ecustom--InterestAndFinesOne_zwior4pPO327" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Interest and fines</td> <td style="text-align: center"> </td> <td style="text-align: right"> (186,329)</td> <td style="text-align: left"> </td> <td style="text-align: right">(119,765)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (146,222)</td></tr> <tr id="xdx_40F_ecustom--InterestOnDrawnforfaitingRiskOperations_z7XyBmKvBaf3" style="vertical-align: middle; background-color: white"> <td style="text-align: left">Interest on forfaiting operations</td> <td style="text-align: center"> </td> <td style="text-align: right"> (184,692)</td> <td style="text-align: left"> </td> <td style="text-align: right">(363,538)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (465,574)</td></tr> <tr id="xdx_405_ecustom--AdjustmentPresentValueOfTradePayables_z2fNoBhWeSUd" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">(-) Adjusted present value of trade payables</td> <td style="text-align: center"> </td> <td style="text-align: right"> (493,244)</td> <td style="text-align: left"> </td> <td style="text-align: right">(354,027)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (353,774)</td></tr> <tr id="xdx_40C_ecustom--CommissionBankFeesGuaranteeAndBankFees_zmQNpmttNPMe" style="vertical-align: middle; background-color: white"> <td style="text-align: left">Commission, bank fees, guarantee and bank fees</td> <td style="text-align: center"> </td> <td style="text-align: right"> (193,304)</td> <td style="text-align: left"> </td> <td style="text-align: right">(373,859)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (199,505)</td></tr> <tr id="xdx_403_ecustom--PiscofinsOverFinancialIncome_zia1QAvPwQ1g" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">PIS/COFINS over financial income</td> <td style="text-align: center"> </td> <td style="text-align: right">(79,483)</td> <td style="text-align: left"> </td> <td style="text-align: right">(122,263)</td> <td style="text-align: left"> </td> <td style="text-align: right">(87,144)</td></tr> <tr id="xdx_407_ecustom--OtherFinancialExpenses_zyFVaTcDmk85" style="vertical-align: middle; background-color: white"> <td>Other financial expenses</td> <td style="text-align: center"> </td> <td style="text-align: right">(1,236,843)</td> <td style="text-align: right"> </td> <td style="text-align: right">(873,918)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (533,581)</td></tr> <tr id="xdx_404_ecustom--TotalFinancialExpenses_i_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td><b style="display: none">Total financial expenses</b> </td> <td style="text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">(6,452,575)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> (6,964,267)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">(5,352,077)</td></tr> <tr id="xdx_40F_ecustom--OthersFinancialItemsNetAbstract_iB_zCNfReTvl1ab" style="vertical-align: middle; background-color: white"> <td style="font-weight: bold; text-align: left">Others financial items, net</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_409_ecustom--ForeignExchangeAndMonetaryVariationNet_zTi00t5kG6kj" style="background-color: #DCE6F1"> <td style="vertical-align: middle; text-align: left">Foreign exchange and monetary variation, net</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">(1,340,576)</td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 483,489</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (524,302)</td></tr> <tr id="xdx_40B_eifrs-full--GainsLossesOnChangeInFairValueOfDerivatives_i_pn3n3" style="background-color: white"> <td style="vertical-align: middle">Gains and (losses) on exchange derivatives (*)</td> <td style="text-align: center; vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> (218,503)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(750,102)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 69,250</td></tr> <tr id="xdx_407_ecustom--ExchangeRateFluctuationsInIronOre_zVMg488MpqMg" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Exchange rate fluctuations in iron ore</td> <td style="text-align: center">15.c</td> <td style="text-align: right">(1,345)</td> <td style="text-align: right"> </td> <td style="text-align: right"> 19,445</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_40F_ecustom--TotalOthersFinancialItemsNet_i_pn3n3" style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"><b style="display: none">Total others financial items, net</b></td> <td style="text-align: center; font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">(1,560,424)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">(247,167)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> (455,052)</td></tr> <tr id="xdx_404_ecustom--FinancialIncomeExpenses_i_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold"><b style="display: none">Financial income (expenses)</b></td> <td style="text-align: center; font-weight: bold"> </td> <td style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(8,012,999)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt"> (7,211,434)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(5,807,129)</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"> </td> <td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40C_ecustom--FinancialIncomeExpensesNet_i_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Financial income (expenses), net</td> <td style="text-align: center; font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(6,496,192)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (5,813,371)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(4,151,382)</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"> </td> <td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40D_ecustom--StatementOfGainsAndLossesOnDerivativeTransactionsAbstract_iB_ztMXZNJRVwL5" style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">(*) Statement of gains and (losses) on derivative transactions (note 15.c)</td> <td style="text-align: center; font-weight: bold; vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40C_ecustom--ExchangeRateSwapRealXDollar_zgREQzfyRAAj" style="vertical-align: middle; background-color: white"> <td>Exchange rate swap Real x Dollar</td> <td style="text-align: center"> </td> <td style="text-align: right"> (180,672)</td> <td style="text-align: right"> </td> <td style="text-align: right"> 188,364</td> <td style="text-align: left"> </td> <td style="text-align: right">(96,602)</td></tr> <tr id="xdx_406_ecustom--ExchangeRateSwapDollarXEuro_zyM8rK7Dsqw7" style="background-color: #DCE6F1"> <td style="vertical-align: middle">Exchange rate swap Dollar x Euro </td> <td style="text-align: center; vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 9,567</td></tr> <tr id="xdx_406_ecustom--InterestRateSwapCdiXIpca_z2ughYRZJP32" style="background-color: white"> <td style="vertical-align: middle">Interest rate swap CDI x IPCA</td> <td style="text-align: center; vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right">(69,762)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">(791,937)</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right">112,694</td></tr> <tr id="xdx_406_ecustom--ExchangeRateSwapCdiXDollar_zzgsPRbmM6n3" style="background-color: #DCE6F1"> <td style="vertical-align: middle">Exchange rate swap CDI x Dollar </td> <td style="text-align: center; vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> 31,931</td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right">(146,529)</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 43,591</td></tr> <tr id="xdx_408_ecustom--FinancialIncomeExpenses1_i_pn3n3" style="vertical-align: middle; background-color: white"> <td><b style="display: none">Total</b></td> <td style="text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (218,503)</td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(750,102)</td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 69,250</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Financial income includes interest income on short-term investments and changes in the fair value of financial assets measured at fair value through profit or loss. Interest income is recognized in profit or loss using the effective interest method.</p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Financial expenses include interest expenses on loans and losses at the fair value of financial instruments measured at fair value through profit or loss. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are measured in profit or loss using the effective interest method. Foreign exchange gains and losses are reported on a net basis.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ScheduleOfFinancialIncomeExpensesTableTextBlock_pn3n3_zTjuOG5ranZb" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - FINANCIAL INCOME/(EXPENSE) (Details)"> <tr style="background-color: white"> <td style="vertical-align: middle"><span id="xdx_8B1_zoS14SXnmtd9" style="display: none">Schedule of financial income expenses</span></td> <td style="vertical-align: middle; text-align: center"> </td> <td id="xdx_497_20250101__20251231_zHtp6K5mczfe" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: left"> </td> <td id="xdx_49C_20240101__20241231_zxuUq7y9GtS8" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td id="xdx_492_20230101__20231231_zNbrsUGVWDy8" style="vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="vertical-align: middle; width: 58%"> </td> <td style="text-align: center; vertical-align: middle; width: 7%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 11%"> </td> <td style="vertical-align: middle; width: 1%"> </td> <td style="vertical-align: middle; width: 11%"> </td> <td style="vertical-align: middle; width: 1%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right; width: 11%"> Consolidated </td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="border-top: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2023</td></tr> <tr id="xdx_40A_ecustom--FinancialIncomeAbstract_iB_zfi53N26pRx9" style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Financial income</td> <td style="text-align: center; font-weight: bold"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_409_ecustom--RelatedParties_zGyiQd2qlGS8" style="background-color: #DCE6F1"> <td style="vertical-align: middle"> Related parties </td> <td style="vertical-align: middle; text-align: center"> 24.b </td> <td style="vertical-align: bottom; text-align: right">311,335</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 245,336</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">225,149</td></tr> <tr id="xdx_40B_ecustom--IncomeFromFinancialInvestments_zdBibzJr3297" style="background-color: white"> <td style="vertical-align: bottom"> Income from financial investments </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> 1,034,063</td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 952,779</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right">826,028</td></tr> <tr id="xdx_40A_ecustom--UpdatedShareFairValueThroughProfitOrLoss_zZW7YpypH2K" style="background-color: #DCE6F1"> <td style="vertical-align: middle"> Updated shares – Fair value through profit or loss </td> <td style="vertical-align: middle; text-align: center"> 15.d </td> <td style="vertical-align: middle; text-align: right"></td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right">308,309</td></tr> <tr id="xdx_40D_ecustom--DividendsReceived2_z9SMDqcOQk9g" style="background-color: white"> <td style="vertical-align: middle"> Dividends receivable </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: bottom; text-align: right"> 7,663</td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 2,512</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 52,516</td></tr> <tr id="xdx_40C_ecustom--InterestAndFines_z5d0JdSqGCN1" style="vertical-align: middle; background-color: #DCE6F1"> <td> Interest and fines </td> <td style="text-align: center"> </td> <td style="text-align: right"> 69,934</td> <td style="text-align: right"> </td> <td style="text-align: right"> 77,480</td> <td style="text-align: right"> </td> <td style="text-align: right"> 82,634</td></tr> <tr id="xdx_404_eifrs-full--OtherIncome_i_pn3n3" style="vertical-align: middle; background-color: white"> <td> Other income </td> <td style="text-align: center"> </td> <td style="text-align: right"> 93,812</td> <td style="text-align: right"> </td> <td style="text-align: right"> 119,956</td> <td style="text-align: right"> </td> <td style="text-align: right">161,111</td></tr> <tr id="xdx_40F_ecustom--TotalFinancialIncome_zTrrGnP5dyYi" style="vertical-align: middle; background-color: #DCE6F1"> <td><b style="display: none">Total financial income</b> </td> <td style="text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 1,516,807</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">1,398,063</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 1,655,747</td></tr> <tr id="xdx_406_ecustom--FinancialExpensesAbstract_iB_zHHdKehwZ0dj" style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Financial expenses</td> <td style="text-align: center; font-weight: bold"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_40C_ecustom--BorrowingsAndFinancingForeignCurrency_zr8I804Gptgc" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Borrowings and financing - foreign currency</td> <td style="text-align: center">14</td> <td style="text-align: right">(2,221,823)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (2,334,763)</td> <td style="text-align: left"> </td> <td style="text-align: right">(1,567,508)</td></tr> <tr id="xdx_401_ecustom--BorrowingsAndFinancingLocalCurrency_zcnAy9DZ9nH9" style="vertical-align: middle; background-color: white"> <td style="text-align: left">Borrowings and financing - local currency</td> <td style="text-align: center">14</td> <td style="text-align: right">(2,092,298)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (1,895,650)</td> <td style="text-align: left"> </td> <td style="text-align: right">(2,096,805)</td></tr> <tr id="xdx_40B_ecustom--CapitalisedInterest_zYEPzm2RySbe" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Capitalized interest </td> <td style="text-align: center">11</td> <td style="text-align: right">403,302</td> <td style="text-align: left"> </td> <td style="text-align: right"> 206,764</td> <td style="text-align: left"> </td> <td style="text-align: right">182,799</td></tr> <tr id="xdx_400_ecustom--UpdatedSharesFairValueThroughProfitOrLossExpenses_zzDJtZt7Tfp4" style="vertical-align: middle; background-color: white"> <td style="text-align: left">Updated shares – Fair value through profit or loss</td> <td style="text-align: center">15.d</td> <td style="text-align: right">(57,562)</td> <td style="text-align: left"> </td> <td style="text-align: right">(632,612)</td> <td style="text-align: left"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_40F_ecustom--RelatedPartiesOne_zknjHb033kVa" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Related parties</td> <td style="text-align: center">24.b</td> <td style="text-align: right">(4,528)</td> <td style="text-align: left"> </td> <td style="text-align: right">(6,602)</td> <td style="text-align: left"> </td> <td style="text-align: right">(8,249)</td></tr> <tr id="xdx_403_ecustom--LeaseLiabilitiesOne_zwPlyvIQ2t4e" style="vertical-align: middle; background-color: white"> <td style="text-align: left">Lease liabilities</td> <td style="text-align: center"> </td> <td style="text-align: right"> (105,771)</td> <td style="text-align: left"> </td> <td style="text-align: right">(94,034)</td> <td style="text-align: left"> </td> <td style="text-align: right">(76,514)</td></tr> <tr id="xdx_40F_ecustom--InterestAndFinesOne_zwior4pPO327" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Interest and fines</td> <td style="text-align: center"> </td> <td style="text-align: right"> (186,329)</td> <td style="text-align: left"> </td> <td style="text-align: right">(119,765)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (146,222)</td></tr> <tr id="xdx_40F_ecustom--InterestOnDrawnforfaitingRiskOperations_z7XyBmKvBaf3" style="vertical-align: middle; background-color: white"> <td style="text-align: left">Interest on forfaiting operations</td> <td style="text-align: center"> </td> <td style="text-align: right"> (184,692)</td> <td style="text-align: left"> </td> <td style="text-align: right">(363,538)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (465,574)</td></tr> <tr id="xdx_405_ecustom--AdjustmentPresentValueOfTradePayables_z2fNoBhWeSUd" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">(-) Adjusted present value of trade payables</td> <td style="text-align: center"> </td> <td style="text-align: right"> (493,244)</td> <td style="text-align: left"> </td> <td style="text-align: right">(354,027)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (353,774)</td></tr> <tr id="xdx_40C_ecustom--CommissionBankFeesGuaranteeAndBankFees_zmQNpmttNPMe" style="vertical-align: middle; background-color: white"> <td style="text-align: left">Commission, bank fees, guarantee and bank fees</td> <td style="text-align: center"> </td> <td style="text-align: right"> (193,304)</td> <td style="text-align: left"> </td> <td style="text-align: right">(373,859)</td> <td style="text-align: left"> </td> <td style="text-align: right"> (199,505)</td></tr> <tr id="xdx_403_ecustom--PiscofinsOverFinancialIncome_zia1QAvPwQ1g" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">PIS/COFINS over financial income</td> <td style="text-align: center"> </td> <td style="text-align: right">(79,483)</td> <td style="text-align: left"> </td> <td style="text-align: right">(122,263)</td> <td style="text-align: left"> </td> <td style="text-align: right">(87,144)</td></tr> <tr id="xdx_407_ecustom--OtherFinancialExpenses_zyFVaTcDmk85" style="vertical-align: middle; background-color: white"> <td>Other financial expenses</td> <td style="text-align: center"> </td> <td style="text-align: right">(1,236,843)</td> <td style="text-align: right"> </td> <td style="text-align: right">(873,918)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (533,581)</td></tr> <tr id="xdx_404_ecustom--TotalFinancialExpenses_i_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td><b style="display: none">Total financial expenses</b> </td> <td style="text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">(6,452,575)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> (6,964,267)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">(5,352,077)</td></tr> <tr id="xdx_40F_ecustom--OthersFinancialItemsNetAbstract_iB_zCNfReTvl1ab" style="vertical-align: middle; background-color: white"> <td style="font-weight: bold; text-align: left">Others financial items, net</td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_409_ecustom--ForeignExchangeAndMonetaryVariationNet_zTi00t5kG6kj" style="background-color: #DCE6F1"> <td style="vertical-align: middle; text-align: left">Foreign exchange and monetary variation, net</td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right">(1,340,576)</td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 483,489</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right"> (524,302)</td></tr> <tr id="xdx_40B_eifrs-full--GainsLossesOnChangeInFairValueOfDerivatives_i_pn3n3" style="background-color: white"> <td style="vertical-align: middle">Gains and (losses) on exchange derivatives (*)</td> <td style="text-align: center; vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> (218,503)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(750,102)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> 69,250</td></tr> <tr id="xdx_407_ecustom--ExchangeRateFluctuationsInIronOre_zVMg488MpqMg" style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Exchange rate fluctuations in iron ore</td> <td style="text-align: center">15.c</td> <td style="text-align: right">(1,345)</td> <td style="text-align: right"> </td> <td style="text-align: right"> 19,445</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_40F_ecustom--TotalOthersFinancialItemsNet_i_pn3n3" style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"><b style="display: none">Total others financial items, net</b></td> <td style="text-align: center; font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">(1,560,424)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">(247,167)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> (455,052)</td></tr> <tr id="xdx_404_ecustom--FinancialIncomeExpenses_i_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold"><b style="display: none">Financial income (expenses)</b></td> <td style="text-align: center; font-weight: bold"> </td> <td style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(8,012,999)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt"> (7,211,434)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 2pt double; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(5,807,129)</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"> </td> <td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40C_ecustom--FinancialIncomeExpensesNet_i_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Financial income (expenses), net</td> <td style="text-align: center; font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(6,496,192)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (5,813,371)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(4,151,382)</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold"> </td> <td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_40D_ecustom--StatementOfGainsAndLossesOnDerivativeTransactionsAbstract_iB_ztMXZNJRVwL5" style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">(*) Statement of gains and (losses) on derivative transactions (note 15.c)</td> <td style="text-align: center; font-weight: bold; vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40C_ecustom--ExchangeRateSwapRealXDollar_zgREQzfyRAAj" style="vertical-align: middle; background-color: white"> <td>Exchange rate swap Real x Dollar</td> <td style="text-align: center"> </td> <td style="text-align: right"> (180,672)</td> <td style="text-align: right"> </td> <td style="text-align: right"> 188,364</td> <td style="text-align: left"> </td> <td style="text-align: right">(96,602)</td></tr> <tr id="xdx_406_ecustom--ExchangeRateSwapDollarXEuro_zyM8rK7Dsqw7" style="background-color: #DCE6F1"> <td style="vertical-align: middle">Exchange rate swap Dollar x Euro </td> <td style="text-align: center; vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 9,567</td></tr> <tr id="xdx_406_ecustom--InterestRateSwapCdiXIpca_z2ughYRZJP32" style="background-color: white"> <td style="vertical-align: middle">Interest rate swap CDI x IPCA</td> <td style="text-align: center; vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: right">(69,762)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right">(791,937)</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: right">112,694</td></tr> <tr id="xdx_406_ecustom--ExchangeRateSwapCdiXDollar_zzgsPRbmM6n3" style="background-color: #DCE6F1"> <td style="vertical-align: middle">Exchange rate swap CDI x Dollar </td> <td style="text-align: center; vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> 31,931</td> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right">(146,529)</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: bottom; text-align: right"> 43,591</td></tr> <tr id="xdx_408_ecustom--FinancialIncomeExpenses1_i_pn3n3" style="vertical-align: middle; background-color: white"> <td><b style="display: none">Total</b></td> <td style="text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (218,503)</td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(750,102)</td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 69,250</td></tr> </table> 311335000 245336000 225149000 1034063000 952779000 826028000 308309000 7663000 2512000 52516000 69934000 77480000 82634000 93812000 119956000 161111000 1516807000 1398063000 1655747000 -2221823000 -2334763000 -1567508000 -2092298000 -1895650000 -2096805000 403302000 206764000 182799000 -57562000 -632612000 -4528000 -6602000 -8249000 -105771000 -94034000 -76514000 -186329000 -119765000 -146222000 -184692000 -363538000 -465574000 -493244000 -354027000 -353774000 -193304000 -373859000 -199505000 -79483000 -122263000 -87144000 -1236843000 -873918000 -533581000 -6452575000 -6964267000 -5352077000 -1340576000 483489000 -524302000 -218503000 -750102000 69250000 -1345000 19445000 -1560424000 -247167000 -455052000 -8012999000 -7211434000 -5807129000 -6496192000 -5813371000 -4151382000 -180672000 188364000 -96602000 9567000 -69762000 -791937000 112694000 31931000 -146529000 43591000 -218503000 -750102000 69250000 <p id="xdx_80A_eifrs-full--DisclosureOfEntitysReportableSegmentsExplanatory_zPOhKuPeAG8d" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>31.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_82C_z81UkM2JqIp6">SEGMENT INFORMATION</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">According to the Group's structure, the businesses are distributed and managed in five operating segments as follows:</p> <p style="font: 9pt/115% Arial,sans-serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span> <span style="font-family: Helvetica light,serif"><b>Steel operations</b></span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Steel segment consolidates all operations related to the production, distribution and marketing of flat steel, long steel, metal packaging and galvanized steel, with operations in Brazil, United States, Portugal and Germany. The steel sector supplies the civil construction and steel packaging markets for the country's chemical and food industries, as well as the household appliance, automotive and OEM (engines and compressors) sectors. The Company's steel units produce hot-rolled, cold-rolled, galvanized, and pre-painted steel with great durability. It also produces tinplate, a raw material used in the production of packaging.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Operations in Brazil also involve the production and marketing of long steels, which consolidates the Company's position as a source of complete solutions for civil construction, complementing its portfolio of high value-added products in the steel chain.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Abroad, Lusosider, in Portugal, produces cold rolled and galvanized steels. CSN LLC, in the United States, serves the local market through the import and marketing of steel products. Stahlwerk Thüringen (SWT), located in Germany, produces long steel and is specialized in the production of steel profiles used in civil construction.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In March 2025, the Company acquired the company Gramperfil S.A. which is located in Portugal. This acquisition will complement local operations involving the production, importing, marketing and processing of metal profiles and accessories used in metallic and civil construction.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.05pt; text-align: justify">In November 2025, the Company acquired Galvacolor Jerez, S.L.U., which is located in Spain. Its activities consist of processing and selling steel and steel products.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 9pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 20.25pt"></td><td style="width: 18pt"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Mining </b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 38.25pt; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Covers the mining and marketing activities of iron ore and tin.</p> <p style="font: 9pt/115% Arial,sans-serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Iron ore high quality operations are located in the Iron Quadrangle, in Minas Gerais, which, besides producing, also market iron ore purchased from third parties.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">At the end of 2015, CSN and the Asian Consortium formalized a shareholders' agreement to combine assets related to iron ore operations and related logistics, forming a new company that concentrated the Group's main mining activities starting in December 2015. Based in this context, the new company, currently called CSN Mineração S.A., came to hold the lease of Tecar, as well as the Casa de Pedra mine and all Namisa shares, which was incorporated on December 31, 2015. CSN still holds <span id="xdx_907_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20251231__ifrs-full--SignificantInvestmentsInAssociatesAxis__custom--MineriosNacionalMember_zE8KRGNyOomk" title="Percentage of voting equity interests acquired">100</span>% of Minérios Nacional which includes the mines of Fernandinho (operational), Cayman and Pedras Pretas (mineral resources), all located in Minas Gerais.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In addition, CSN controls Estanho de Rondônia S.A., a company with tin mining and smelting units in the state of Rondônia.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On October 7, 2022, CSN Mineração and CSN Energia completed the acquisition of the Quebra-Queixo Hydroelectric Power Plant, which has an installed capacity of 120 MW and located in the city of Ipuaçu – SC. This acquisition allowed CSN Mineração to become self-sufficient in terms of electricity production, which in turn reinforced its industrial competitiveness through greater predictability in costs and the generation of energy from a 100% renewable source.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 9pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 20.25pt"></td><td style="width: 18pt"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Logistics</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>i) Railway</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN has a stake in three railway companies: MRS Logística S.A., which manages Rede Ferroviária Federal S.A.’s former Southest Network, Transnordestina Logística S.A. and FTL - Ferrovia Transnordestina Logística S.A. FTL - Ferrovia Transnordestina Logística S.A., which hold the concession for the former RFFSA Northeast Network in the states of Maranhão, Piauí, Ceará, Rio Grande do Norte, Paraíba, Pernambuco and Alagoas.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>a) MRS </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The rail transport services provided by MRS are fundamental to the supply of raw materials and the transport of final products. The entirety of the iron ore, coal and coke consumed at the Presidente Vargas Plant is transported by MRS, as well as part of the steel produced by CSN both for the domestic market and for export.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The southeastern Brazilian railway system, which spans 1,674 km of railway network, serves the industrial triangle of São Paulo - Rio de Janeiro - Minas Gerais in the Southeast region, connecting mines in Minas Gerais to ports in São Paulo and Rio de Janeiro, and to steel mills belonging to CSN, Companhia Siderúrgica Paulista, or Cosipa and Gerdau Açominas. In addition to providing services to other customers, the line transports iron ore from the Company's Casa de Pedra mine in Minas Gerais, and coke and coal from Itaguaí Port in Rio de Janeiro, to Volta Redonda/RJ and products destined for export to the Ports of Itaguaí and Rio de Janeiro.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>b) TLSA e FTL </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">TLSA and FTL hold the concession of the former RFFSA Northeast network. The northeastern railway system covers 4,238 km of railway network divided into two sections: i) Network I, which includes the sections of São Luiz - Mucuripe, Arrojado - Recife, Itabaiana - Cabedelo, Paula Cavalcante - Macau - and Propriá - Jorge Lins and ii) Network II, which includes the sections of Missão Velha - Salgueiro, Salgueiro - Trindade, Trindade - Eliseu Martins and Missão Velha - Porto de Pecém.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify; text-indent: 0in">It also connects to the main ports in the region, thus offering an important competitive advantage through opportunities for combined transport solutions and tailor-made logistics projects.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>ii. Port</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The port logistics sector consolidates the operation of the Sepetiba terminal built after the port modernization law (Federal Law 8.630/1993) which allowed for the transfer of port activities to</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">private initiatives. The Sepetiba terminal offers the infrastructure required to meet all the needs of exporters, importers and shipowners. Its installed capacity exceeds that of most Brazilian terminals.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">It has berths and large storage area, as well as the most modern and appropriate equipment, systems, and intermodal connections.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company's ongoing investment in terminal projects has consolidated the Itaguaí Port Complex as one of the most modern of its kind in Brazil.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>iii. Road Transport</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On April 1, 2025, CSN completed the acquisition of Estrela Comércio e Participações S.A., Grupo Estrela’s (“Grupo Estrela”) holding company.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Founded in the 1970s to initially meet road transport needs, Grupo Estrela currently comprises an "Integrated Logistics System", which seeks integrate modes of transport, especially in road-rail operations and transport in the steel, mining, solid bulk, automotive and dry cargo sectors in general. The Tora Group’s services portfolio also includes terminal management, storage, operation of bonded warehouses, and production chain and light vehicle fleet management services, including the rental and resale of used vehicles.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Grupo Estrela maintains a national and international presence in the transport sector. The Group relies on more than 70 branches distributed throughout Brazil. It currently operates at four multimodal terminals located in the Southeast region of Brazil and a border terminal located in the city of Uruguaiana/RS. With regards to bonded warehouses, the Tora Group operates a terminal located in the city of Betim/MG that receives goods imported from the Brazil’s largest ports and airports.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In March 2024, the Estrela Group started its activities in the light vehicle segment (fleet management, rental and resale of used vehicles), through the acquisition of the Lokamig Group.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 9pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 20.25pt"></td><td style="width: 18pt"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Energy</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN is one of the largest industrial consumers of electricity in Brazil. As energy is a fundamental input in its production process, the Company owns electric power generation assets, and with the acquisitions made in 2022, it achieved energy self-sufficiency before coming to operate in the sector as an electric power generation player through the commercialization of its surplus.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">With the acquisitions, the CSN group now offers a portfolio of generation assets with a total installed capacity of 2,011 MW, which comprise the following assets:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">1.       Itá Hydroelectric Power Plant, located in the state of Santa Catarina, in which CSN holds a 29.50% stake through the Itá Energética S.A SPE, with an installed capacity equivalent to its 428 MW stake,</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">2.       Igarapava Hydroelectric Power Plant Consortium, which operates a hydrological complex located in Minas Gerais and in which CSN holds a 17.92% stake, with installed capacity equivalent to its total stake of 38 MW,</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">3.       Thermoelectric Cogeneration Center CTE#1, CTE#2 and TRT – Top Recovery Turbine, operating at Presidente Vargas Plant with installed capacity of 10 MW, 235 MW and 22 MW respectively, using industrial gases recirculated from steel production as fuel,</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">4.       Sacre II Small Hydroelectric Power Plant, which is located in the state of Mato Grosso and has an installed capacity of 30 MW, of which CSN Cimentos Brasil S.A. holds full control of the asset through indirect control of the Brasil Central Energia SPE,</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">5.       Santa Ana Small Hydroelectric Power Plant, which is located in the state of Santa Catarina and has an installed capacity of 6.3 MW, of which CSN Cimentos Brasil S.A. holds full control of the asset through direct control of the Santa Ana Energética SPE,</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">6.       Quebra Queixo Hydroelectric Power Plant, located in the state of Santa Catarina, with an installed capacity of 120 MW, of which CSN Mineração S.A. holds full control of the asset through direct control of the Companhia Energética Chapecó - CEC SPE,</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">7.       Cachoeira dos Macacos Small Hydroelectric Power Plant, which is located in the state of Minas Gerais and has an installed capacity of 3.4 MW, of which CSN Cimentos Brasil S.A. holds full control of the asset through the acquisition of LafargeHolcim (Brasil) S.A.,</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">8.       Companhia Estadual de Geração de Energia Elétrica – CEEE-G, located in Rio Grande do Sul state, with a platform of 13 own Hydroelectric Plants, wind and solar assets, plus minority participation in other ventures, reflecting an installed capacity of 1,119 MW.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 9pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 20.25pt"></td><td style="width: 18pt"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Cement</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Cement segment, which operates through CSN Cimentos Brasil, consolidates the production, commercialization, and distribution operations of cement, aggregates, and concrete. In the factories located in the Southeast, the slag used is the same produced by the blast furnaces of the Presidente Vargas Plant itself, in Volta Redonda/RJ.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company grew in this segment through the acquisition of Elizabeth Cimentos S.A. on August 31, 2021, and LafargeHolcim (Brazil) S.A. on September 6, 2022. With these acquisitions, the cement production capacity was increased by 12.3 million tons per year, and the product portfolio came to include, in addition to Cement, also Aggregates and Concrete. With all combined operations, CSN's Cement segment is currently the second largest in Brazil, from the perspective of effective productive capacity, totaling 17 million tons.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The cement plants are located in the states of Minas Gerais (Arcos, Pedro Leopoldo, Barroso, and Montes Claros), Rio de Janeiro (Volta Redonda, Cantagalo, and Rio de Janeiro), Paraíba (Alhandra and Caaporã), Espírito Santo (Vitória), Bahia (Candeias), Goiás (Cocalzinho de Goiás), and São Paulo (Sorocaba). The production process occurs basically through grinding the main raw materials which include clinker, limestone, gypsum, and slag.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The sites are divided into two modalities: integrated factories and milling. The integrated factories have limestone mine and furnace for clinker production, they are Arcos, Barroso, Pedro Leopoldo, Montes Claros, Alhandra, Caaporã and Cantagalo. The grinding mills do not produce their own clinker, they are supplied with their own clinker (transfer between plants) and/or third-party sources, which are: Volta Redonda, Rio de Janeiro, Vitória, Candeias, Cocalzinho and Sorocaba.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The company currently serves the cement market with a broad product portfolio suitable for both the technical segment and the distribution market, according to ABNT NBR 16697. The cement is marketed in both bagged and bulk form.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In addition to the above operations, CSN Cimentos Brasil also holds two electric power generation assets acquired on June 30, 2022: the Santa Ana Small Hydroelectric Power Plant (PCH), located in the municipality of Angelina – SC, with an installed capacity of 6.50 MW, and the Sacre II Small Hydroelectric Power Plant (PCH), located in the municipality of Brasnorte – MT, with an installed capacity of 30 MW.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On August 31, 2023, an Extraordinary General Meeting approved the merger of CSN Cimentos by CSN Cimentos Brasil, with the consequent transfer of the entire patrimony, assets (movable and immovable), rights, and obligations, according to the terms of the "Incorporation Protocol and Justification of CSN Cimentos S.A. by CSN Cimentos Brasil S.A.". Thus, CSN Cimentos was extinguished, all its shares were cancelled, and, in replacement, its shareholders received shares of CSN Cimentos Brasil. All activities carried out by CSN Cimentos are now carried out by CSN Cimentos Brasil. On June 30, 2023, the Appraisal Report of CSN Cimentos' equity was prepared, serving as the basis for defining a capital increase in CSN Cimentos Brasil in the amount of R$ <span id="xdx_90D_ecustom--IncreasedCapital_iI_pn3n3_c20230630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--CSNMember_z903OLxz3Wzd" title="Increased capital">2,383,276</span>.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 9pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 20.25pt"></td><td style="width: 18pt"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif; font-size: 10pt"><b>Sales by geographic area</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Sales by geographic area are determined based on customers' location. National sales on a consolidated basis are represented by revenues from customers located in Brazil and export sales represent revenues from customers located abroad.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Result by segment</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">For the purposes of preparing and presenting information by business segment, Management decided to maintain the proportional consolidation of the jointly controlled companies, as historically presented. For the purpose of consolidating the income statement, the values of these companies are eliminated in the column "Corporate expenses/elimination".</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfConsolidatedSegmentResultsTableTextBlock_pn3n3_zbNdstgbchD6" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - SEGMENT INFORMATION (Details)"> <tr style="vertical-align: middle"> <td style="width: 22%"><span id="xdx_8BD_zGGWtmU1ElA2" style="display: none">Schedule of consolidated results</span></td> <td style="width: 1%"> </td> <td style="width: 4%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td></tr> <tr> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">P&amp;L</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Steel</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Mining </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Logistics</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Energy</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Cement</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Corporate expenses/elimination</td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Port</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Railroads</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Road transport</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Net revenues</td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: center">27</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zDmVKclyRzo7" style="font-weight: bold; text-align: right" title="Net revenues">22,025,804</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zZxFBEvGfcNb" style="font-weight: bold; text-align: right" title="Net revenues">15,400,473</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_ztcxePunjIp6" style="font-weight: bold; text-align: right" title="Net revenues">303,839</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zl3BoZkrigw4" style="font-weight: bold; text-align: right" title="Net revenues">3,114,434</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_z9Vc6y7jSIKk" style="font-weight: bold; text-align: right" title="Net revenues">955,943</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zQa7TnkL1S9h" style="font-weight: bold; text-align: right" title="Net revenues">682,068</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zSdXCDW3hS69" style="font-weight: bold; text-align: right" title="Net revenues"> 4,905,993</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zGZstg70Jlrd" style="font-weight: bold; text-align: right" title="Net revenues"> (2,590,608)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231_zFfmp19FY6ec" style="font-weight: bold; text-align: right" title="Net revenues">44,797,946</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left">In Brazil</td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zllj9HGayGj9" style="text-align: right" title="Net revenues">16,005,141</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zvnmfBgU85qc" style="text-align: right" title="Net revenues"> 1,621,818</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zCbe4uZz91Vb" style="text-align: right" title="Net revenues">303,839</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zBnRenKga96" style="text-align: right" title="Net revenues">3,114,434</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zbjVDZTGLKu" style="text-align: right" title="Net revenues">935,551</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zT8nzOFjeKik" style="text-align: right" title="Net revenues">682,068</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zLeMxSb5tk87" style="text-align: right" title="Net revenues"> 4,905,989</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zPUQzjuzfQl8" style="text-align: right" title="Net revenues"> (5,282,884)</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zW7nD3an0EUe" style="text-align: right" title="Net revenues">22,285,956</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Abroad</td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_zMHJHU9nOlPk" style="text-align: right" title="Net revenues">6,020,663</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_zqFQUFi93RL2" style="text-align: right" title="Net revenues">13,778,655</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_zrAtcuEZaDb7" style="text-align: right" title="Net revenues">20,392</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_z8Wa8YTUnIUc" style="text-align: right" title="Net revenues">4</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_zNkdQ2aesn7" style="text-align: right" title="Net revenues">2,692,276</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_zgs2f3Fc2lo3" style="text-align: right" title="Net revenues">22,511,990</td></tr> <tr style="vertical-align: middle"> <td>Cost of sales and services</td> <td style="text-align: right"> </td> <td style="text-align: center">28</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zyZFm4ak9Tgd" style="text-align: right" title="Cost of sales and services"> (19,980,031)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zvF4POEIVuAe" style="text-align: right" title="Cost of sales and services"> (10,052,663)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zFWuEyAifVMg" style="text-align: right" title="Cost of sales and services"> (242,931)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zEALhEFLWtK" style="text-align: right" title="Cost of sales and services"> (1,734,809)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zHgZfiPhJv5i" style="text-align: right" title="Cost of sales and services"> (833,177)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zFlg0WylQIm9" style="text-align: right" title="Cost of sales and services"> (480,426)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zzEjd6SS8Oz3" style="text-align: right" title="Cost of sales and services">(3,353,074)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zDgk2TP7hmTb" style="text-align: right" title="Cost of sales and services">4,272,890</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231_zCDInP48VeX5" style="text-align: right" title="Cost of sales and services"> (32,404,221)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Gross profit</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zz9nq5VwrNKd" style="font-weight: bold; text-align: right" title="Gross profit">2,045,773</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zNeXya2BbZ51" style="font-weight: bold; text-align: right" title="Gross profit"> 5,347,810</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_z6mgP03NlqVh" style="font-weight: bold; text-align: right" title="Gross profit">60,908</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zKtslkUDOju5" style="font-weight: bold; text-align: right" title="Gross profit">1,379,625</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zwC9yHUGyTdk" style="font-weight: bold; text-align: right" title="Gross profit">122,766</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zgHmBAe8BI67" style="font-weight: bold; text-align: right" title="Gross profit">201,642</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zGN3B0uCsHd" style="font-weight: bold; text-align: right" title="Gross profit"> 1,552,919</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zzuuiMFUUKBh" style="font-weight: bold; text-align: right" title="Gross profit">1,682,282</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--GrossProfit_pn3n3_c20250101__20251231_z1tni7ZSCUX7" style="font-weight: bold; text-align: right" title="Gross profit">12,393,725</td></tr> <tr style="vertical-align: middle"> <td>General and administrative expenses</td> <td style="text-align: right"> </td> <td style="text-align: center">28</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_z9eS2XEKN2Yb" style="text-align: right" title="General and administrative expenses">(1,304,105)</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zlXF6AazrVok" style="text-align: right" title="General and administrative expenses">(341,612)</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zHWu1OCU2K2" style="text-align: right" title="General and administrative expenses">(13,664)</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z0BpKnd4Opcf" style="text-align: right" title="General and administrative expenses">(293,003)</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zpLFVZjWS36l" style="text-align: right" title="General and administrative expenses">(48,793)</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_z5EjbFUu9K5f" style="text-align: right" title="General and administrative expenses">(35,418)</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zWUET8ZRkqBg" style="text-align: right" title="General and administrative expenses">(1,123,892)</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zh8xOMrKUlFl" style="text-align: right" title="General and administrative expenses">(2,851,825)</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231_zoeILTIwgFo5" style="text-align: right" title="General and administrative expenses">(6,012,312)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Other operating income/(expenses), net</td> <td style="text-align: right"> </td> <td style="text-align: center">29</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zZenKyQgscz2" style="text-align: right" title="Other operating (income) expenses, net"> (1,151,153)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zPYJPEFYPEF8" style="text-align: right" title="Other operating (income) expenses, net"> (436,614)</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zSX1ESuXjyS4" style="text-align: right" title="Other operating (income) expenses, net"> (9,226)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zESSf8MFQC21" style="text-align: right" title="Other operating (income) expenses, net"> (39,806)</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zIywZyl64RP4" style="text-align: right" title="Other operating (income) expenses, net"> (13,036)</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zMDHnQr648D3" style="text-align: right" title="Other operating (income) expenses, net"> (32,790)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zTonWCRxcGV6" style="text-align: right" title="Other operating (income) expenses, net">308,289</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zfzDurBWHzN9" style="text-align: right" title="Other operating (income) expenses, net">(709,147)</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231_zBTIxej1oYul" style="text-align: right" title="Other operating (income) expenses, net"> (2,083,483)</td></tr> <tr style="vertical-align: middle"> <td>Equity in results of affiliated companies</td> <td style="text-align: right"> </td> <td style="text-align: center">10</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z86aQdy98Jgc" style="text-align: right" title="Equity in results of affiliated companies"> 518,744</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20250101__20251231_zifzalebonB2" style="text-align: right" title="Equity in results of affiliated companies">518,744</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Operating result before Financial Income and Taxes</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_z8vGNATHVntd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">(409,485)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zRsNyu3IJeDd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> 4,569,584</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_z3cPk1kAGo72" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">38,018</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zgZa5mHvZH9d" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">1,046,816</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zVOWHOlaVFR1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">60,937</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zvH4IvFyuxng" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">133,434</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zy4G0obnrUef" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">737,316</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zLB7uuqKX0U" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> (1,359,946)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231_zZCcoQQejGia" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">4,816,674</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Sales by geographic area</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Asia</td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zWEXelxPUSFg" style="text-align: right" title="Total">13,135,426</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zwsWAdRNGE1k" style="text-align: right" title="Total">2,674,779</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zl2pIHM7GkDl" style="text-align: right" title="Total">15,810,205</td></tr> <tr> <td style="vertical-align: middle">North America</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_z9qBZU3hZMo4" style="vertical-align: bottom; text-align: right" title="Total">1,055,824</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_zsfHa0Ka6i24" style="vertical-align: bottom; text-align: right" title="Total">1,055,824</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Latin America</td> <td style="text-align: left"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zXm4rKB0ityf" style="text-align: right" title="Total"> 42,956</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zBz2ZDvt9YC3" style="text-align: right" title="Total">20,392</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zTY3EbWaQ93c" style="text-align: right" title="Total">4</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zqz8VLU02ZGa" style="text-align: right" title="Total">63,352</td></tr> <tr> <td style="vertical-align: middle; text-align: left">Europe</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_znW3NixSHWvj" style="vertical-align: bottom; text-align: right" title="Total">3,664,868</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zdykcoSGvE9d" style="vertical-align: bottom; text-align: right" title="Total">643,229</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zMNh68liy6n1" style="vertical-align: bottom; text-align: right" title="Total">4,308,097</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Others</td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfOthersMember_zmfg7SA1LbJ8" style="text-align: right" title="Total">1,257,014</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfOthersMember_z243MdBLKfEg" style="text-align: right" title="Total"> 17,498</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__custom--CountryOfOthersMember_zUzyeUuvrgm2" style="text-align: right" title="Total">1,274,512</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Foreign market</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zFW3thNMOnN7" style="font-weight: bold; text-align: right" title="Total">6,020,662</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zoVk9n3nm2gc" style="font-weight: bold; text-align: right" title="Total">13,778,655</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_z900SkPrzPk2" style="font-weight: bold; text-align: right" title="Total">20,392</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zHNw2PZihjMe" style="font-weight: bold; text-align: right" title="Total">4</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zK4plcuUjug5" style="font-weight: bold; text-align: right" title="Total">2,692,277</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zWKqFDJU6b41" style="font-weight: bold; text-align: right" title="Total">22,511,990</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Domestic market</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zT7GpW18C2bb" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">16,005,141</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zIuU7132a43h" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 1,621,818</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_987_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z7DUqvFTXZqj" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">303,839</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z6RrWYoy3bc4" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">3,114,434</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zJHb2T07IYRf" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">935,551</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zUw9PPkjjW35" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">682,068</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zkVsbAQ9g8b3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 4,905,989</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z9HlQFBRXvS1" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> (5,282,884)</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z8Dsg6t3cGc6" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">22,285,956</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Total</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zcy1DdOsbIpl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">22,025,804</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zjmehjPL9IUl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">15,400,473</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zIRhh1rg7Zmg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">303,839</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zNBtOxmWNnK5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">3,114,434</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zkGJM6MTgjUg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">955,943</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zsDTsTOFZSok" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">682,068</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zt1MSBhG7uTj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> 4,905,993</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z9IgSdoa03J5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> (2,590,608)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231_zGrtniBvI2dh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">44,797,946</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: justify"></p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle"> <td style="width: 22%"> </td> <td style="width: 1%"> </td> <td style="text-align: center; width: 4%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%"> </td></tr> <tr> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">P&amp;L</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Steel</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Mining </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Logistics</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Energy</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Cement</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Corporate expenses/elimination</td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Port</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Railroads</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Road transport</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Net revenues</td> <td> </td> <td style="text-align: center">27</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zNwwtlWwmao5" style="font-weight: bold; text-align: right" title="Net revenues">23,178,678</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_z4OvOhMAfHx2" style="font-weight: bold; text-align: right" title="Net revenues">13,092,645</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_znZp3v4UHqb8" style="font-weight: bold; text-align: right" title="Net revenues">352,508</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zKNGpaY1CHHf" style="font-weight: bold; text-align: right" title="Net revenues">2,892,041</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zZaXn0EkWDLd" style="font-weight: bold; text-align: right" title="Net revenues">521,465</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_z1eQv2C87h9k" style="font-weight: bold; text-align: right" title="Net revenues"> 4,766,343</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zcfXD2VFAVl7" style="font-weight: bold; text-align: right" title="Net revenues"> (1,116,220)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20240101__20241231_zpS4JlUXOUC2" style="font-weight: bold; text-align: right" title="Net revenues">43,687,460</td></tr> <tr> <td style="padding-left: 15px; vertical-align: middle; text-align: left">In Brazil</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z4sdEpNx7pY1" style="vertical-align: bottom; text-align: right" title="Net revenues">16,901,495</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zKvVcdVmEG78" style="vertical-align: bottom; text-align: right" title="Net revenues"> 1,510,550</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_ztB0wbmpwZR" style="vertical-align: bottom; text-align: right" title="Net revenues">352,508</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zRPMKWn3pAi" style="vertical-align: bottom; text-align: right" title="Net revenues">2,892,041</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zqJT6REzZ0di" style="vertical-align: bottom; text-align: right" title="Net revenues">521,465</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zmBHmJoWcAs2" style="vertical-align: bottom; text-align: right" title="Net revenues"> 4,766,343</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zuxM2rYcFU9g" style="vertical-align: bottom; text-align: right" title="Net revenues"> (4,604,004)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zgsqf0hFuqz4" style="vertical-align: bottom; text-align: right" title="Net revenues">22,340,398</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Abroad</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zAOyhmxVF6uf" style="text-align: right" title="Net revenues">6,277,183</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zw3euS0OEoHa" style="text-align: right" title="Net revenues">11,582,095</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_z3svuemAFFY9" style="text-align: right" title="Net revenues">3,487,784</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zs59BEXko3t1" style="text-align: right" title="Net revenues">21,347,062</td></tr> <tr> <td style="vertical-align: middle">Cost of sales and services</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">28</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zoQPxoeZTT6h" style="vertical-align: bottom; text-align: right" title="Cost of sales and services"> (21,759,435)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zqQrFmB9hkCa" style="vertical-align: bottom; text-align: right" title="Cost of sales and services">(8,202,297)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zK0CAKhSBWY4" style="vertical-align: bottom; text-align: right" title="Cost of sales and services"> (262,061)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zfmFaW34G5Rg" style="vertical-align: bottom; text-align: right" title="Cost of sales and services"> (1,674,401)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_z8x72CG14hz4" style="vertical-align: bottom; text-align: right" title="Cost of sales and services"> (419,138)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zjiaCgo6bpkc" style="vertical-align: bottom; text-align: right" title="Cost of sales and services">(3,384,409)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zXugCLHWEaOh" style="vertical-align: bottom; text-align: right" title="Cost of sales and services">3,711,045</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231_z5DBVlX3dpyg" style="vertical-align: bottom; text-align: right" title="Cost of sales and services"> (31,990,696)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Gross profit</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zZKn0MhtK0ta" style="font-weight: bold; text-align: right" title="Gross profit">1,419,243</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zHKVnwjQgW14" style="font-weight: bold; text-align: right" title="Gross profit"> 4,890,348</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zTzYfVUP4Dne" style="font-weight: bold; text-align: right" title="Gross profit">90,447</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z3rIDkTmqovd" style="font-weight: bold; text-align: right" title="Gross profit">1,217,640</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_znUTO6wmuKRk" style="font-weight: bold; text-align: right" title="Gross profit">102,327</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_z0zYuAcSHw5i" style="font-weight: bold; text-align: right" title="Gross profit"> 1,381,934</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z2UjedQbycyg" style="font-weight: bold; text-align: right" title="Gross profit">2,594,825</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--GrossProfit_pn3n3_c20240101__20241231_zCR3NB4WMXEf" style="font-weight: bold; text-align: right" title="Gross profit">11,696,764</td></tr> <tr> <td style="vertical-align: middle">General and administrative expenses</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">28</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zzxQZ5ESgu37" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(1,289,952)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zPvI2Dtmf43g" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(267,173)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zS0tjJ4eteF5" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(11,336)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z3OkABy4yz1h" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(266,128)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zwgfZzoK5JDf" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(48,674)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zOkQXTDbzDn1" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(815,797)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z5RBvFESaXzk" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(3,610,236)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231_zO52FBaP0fui" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(6,309,296)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Other operating income/(expenses), net</td> <td> </td> <td style="text-align: center">29</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zRLZRWhR52v" style="text-align: right" title="Other operating (income) expenses, net">(864,103)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zupwShgAPDth" style="text-align: right" title="Other operating (income) expenses, net"> (10,803)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zaaWIf9t7vy5" style="text-align: right" title="Other operating (income) expenses, net"> (13,266)</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zQZ9Oal45A68" style="text-align: right" title="Other operating (income) expenses, net"> 270,024</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_z5whIzx9Sv87" style="text-align: right" title="Other operating (income) expenses, net"> (61,065)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zQ6aQSBLKyWe" style="text-align: right" title="Other operating (income) expenses, net"> (94,899)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zZa4gQC0OdD6" style="text-align: right" title="Other operating (income) expenses, net">(791,382)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231_zbVuhpAnpRO9" style="text-align: right" title="Other operating (income) expenses, net"> (1,565,494)</td></tr> <tr> <td style="vertical-align: middle">Equity in results of affiliated companies</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">10</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z76lf27w8mf" style="vertical-align: bottom; text-align: right" title="Equity in results of affiliated companies"> 448,048</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20240101__20241231_zvWb2Sj2W6j4" style="vertical-align: bottom; text-align: right" title="Equity in results of affiliated companies">448,048</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Operating result before Financial Income and Taxes</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zRAz8qftij9b" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">(734,812)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zePDRas4Qun9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> 4,612,372</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zsEytFRAK205" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">65,845</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zRe1Af9KAORl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">1,221,536</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zGG1OdQW9aU3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> (7,412)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zqRAvwjiKlM6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">471,238</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zjocniIAVSYa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> (1,358,745)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231_zDabP5mcOLhi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">4,270,022</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Sales by geographic area</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Asia</td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zeShJXFo3Qth" style="text-align: right" title="Total">10,698,348</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zxJj59qOGF69" style="text-align: right" title="Total">3,487,784</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zzlQKKl7EaCa" style="text-align: right" title="Total">14,186,132</td></tr> <tr> <td style="vertical-align: middle">North America</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_zCCxIvj9qPKb" style="vertical-align: bottom; text-align: right" title="Total">1,750,998</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_zRwFESTUUGTl" style="vertical-align: bottom; text-align: right" title="Total">1,750,998</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Latin America</td> <td style="text-align: left"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zwxvubUvgPS7" style="text-align: right" title="Total"> 70,752</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zyxgBhJREr0a" style="text-align: right" title="Total">70,752</td></tr> <tr> <td style="vertical-align: middle; text-align: left">Europe</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zK9QymLOxwF9" style="vertical-align: bottom; text-align: right" title="Total">4,455,433</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_z2cbAdujsmtl" style="vertical-align: bottom; text-align: right" title="Total">825,935</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zY7d7XwCmgy" style="vertical-align: bottom; text-align: right" title="Total">5,281,368</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Others</td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfOthersMember_zWQjNQAROYs2" style="text-align: right" title="Total">57,812</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__custom--CountryOfOthersMember_zJo9nbd8d53l" style="text-align: right" title="Total">57,812</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Foreign market</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zgQH8gvq0cC4" style="font-weight: bold; text-align: right" title="Total">6,277,183</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zcUwL0eK4G75" style="font-weight: bold; text-align: right" title="Total">11,582,095</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_z3WUd0sEovZ8" style="font-weight: bold; text-align: right" title="Total">3,487,784</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zW1aWLkvctZ4" style="font-weight: bold; text-align: right" title="Total">21,347,062</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Domestic market</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zHFpl9Nl5kLj" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">16,901,495</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z7w0rignwWr5" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 1,510,550</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z9CFn4Cp9Xub" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">352,508</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zJC7zaIkcN9" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">2,892,041</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zy5ho0NQdzV7" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">521,465</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z8dnDj6mkKqc" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 4,766,343</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zx2qaxKBqHxi" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> (4,604,004)</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z2Muo0gPDae3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">22,340,398</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Total</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_z6L9YaQOVzy1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">23,178,678</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zgZvRJh1Hgtg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">13,092,645</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zP23eP3KUo0e" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">352,508</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z8XFokVhGMef" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">2,892,041</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zdZl2Nkheiil" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> <span style="-sec-ix-hidden: xdx2ixbrl8745">-</span> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_z7p2Y922NuL5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">521,465</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zeCEBkNeofI5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> 4,766,343</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zw2ST30pQdMk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> (1,116,220)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231_z3My3MoKHFO3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">43,687,460</td></tr> </table> <p style="font: 9pt/115% Arial,sans-serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: middle; text-align: right; width: 31%"> </td> <td style="vertical-align: middle; text-align: right; width: 1%"> </td> <td style="vertical-align: middle; text-align: center; width: 3%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 8%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 6%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 6%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 9%">12/31/2023</td></tr> <tr> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">P&amp;L</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Steel</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Mining </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td colspan="3" style="font-weight: bold; vertical-align: middle; text-align: center">Logistics</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Energy</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Cement</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Corporate expenses/elimination</td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Port</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Railroads</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Net revenues</td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zWBfXLCwePzk" style="font-weight: bold; text-align: right" title="Net revenues"> 22,717,486</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_z3zwh8DetqW6" style="font-weight: bold; text-align: right" title="Net revenues">  17,135,648</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_z1QSnhGCHpc8" style="font-weight: bold; text-align: right" title="Net revenues">265,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zZxylqKsh3T6" style="font-weight: bold; text-align: right" title="Net revenues"> 2,644,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zOdXXlKQo3Qe" style="font-weight: bold; text-align: right" title="Net revenues">545,735</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zxGnV5XVT4o6" style="font-weight: bold; text-align: right" title="Net revenues"> 4,510,553</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zWqB9R14AlNa" style="font-weight: bold; text-align: right" title="Net revenues">(2,382,370)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20230101__20231231_zVLnG5qw4nMf" style="font-weight: bold; text-align: right" title="Net revenues">45,437,950</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 12px; text-align: left">In Brazil</td> <td style="padding-left: 12px; text-align: left"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zwmN1J0YxTv8" style="text-align: right" title="Net revenues"> 16,516,265</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_znwh3niTY1B9" style="text-align: right" title="Net revenues"> 1,804,173</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zFEWlsFGmQx6" style="text-align: right" title="Net revenues">265,949</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zoRoolpmqeIl" style="text-align: right" title="Net revenues"> 2,644,949</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zmFYSwl0wuG6" style="text-align: right" title="Net revenues">545,735</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z21Dz54el7Y4" style="text-align: right" title="Net revenues"> 4,510,553</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z8cYRjnfhCi9" style="text-align: right" title="Net revenues">(4,209,084)</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z7TDW92HZZa1" style="text-align: right" title="Net revenues">22,078,540</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 12px; text-align: left">Abroad</td> <td style="padding-left: 12px; text-align: left"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_za6XODO27p3a" style="text-align: right" title="Net revenues">6,201,221</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zJYDSFpdV8J4" style="text-align: right" title="Net revenues">  15,331,475</td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zOoCtNGjOfHh" style="text-align: right" title="Net revenues"> 1,826,714</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zoK5DAsEM5Zd" style="text-align: right" title="Net revenues">23,359,410</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Cost of sales and services</td> <td style="text-align: right"> </td> <td style="text-align: center">26</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zt1Bk6jVaYjk" style="text-align: right" title="Cost of sales and services">  (21,008,013)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_z45h2gDbu3O1" style="text-align: right" title="Cost of sales and services">  (9,931,881)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zxxFebrBNWnk" style="text-align: right" title="Cost of sales and services"> (248,938)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zjfqiFYyUJh3" style="text-align: right" title="Cost of sales and services">  (1,492,728)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zB06KTpA200b" style="text-align: right" title="Cost of sales and services"> (441,281)</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zlSrLD7830D2" style="text-align: right" title="Cost of sales and services">  (3,644,362)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zJ0KkNbm1NQ8" style="text-align: right" title="Cost of sales and services"> 3,292,014</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231_zww65hHId3h9" style="text-align: right" title="Cost of sales and services">  (33,475,189)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Gross profit</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zKEJMh8CwmWk" style="font-weight: bold; text-align: right" title="Gross profit">1,709,473</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zjgM36OGbNoh" style="font-weight: bold; text-align: right" title="Gross profit"> 7,203,767</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zljoxdn3ZL4j" style="font-weight: bold; text-align: right" title="Gross profit">  17,011</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z3Q3zu9l2i38" style="font-weight: bold; text-align: right" title="Gross profit"> 1,152,221</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zDrTYqViTW0f" style="font-weight: bold; text-align: right" title="Gross profit">104,454</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zyJxsECpW4o5" style="font-weight: bold; text-align: right" title="Gross profit"> 866,191</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zSRkrHcR1ska" style="font-weight: bold; text-align: right" title="Gross profit"> 909,644</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--GrossProfit_pn3n3_c20230101__20231231_zqrTcb2JCDC4" style="font-weight: bold; text-align: right" title="Gross profit">11,962,761</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>General and administrative expenses</td> <td style="text-align: right"> </td> <td style="text-align: center">26</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zX5O5c7VgQd" style="text-align: right" title="General and administrative expenses">(1,218,767)</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zOaWetwgHYb3" style="text-align: right" title="General and administrative expenses">(421,218)</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zBhhLuy25oQb" style="text-align: right" title="General and administrative expenses">(10,558)</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zeX80Rbhzqx5" style="text-align: right" title="General and administrative expenses">(218,878)</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zlSQnv9xM6nj" style="text-align: right" title="General and administrative expenses">(57,854)</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zqfVbz4PK7s1" style="text-align: right" title="General and administrative expenses">(557,585)</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zDZEevDrNgg8" style="text-align: right" title="General and administrative expenses">(2,005,123)</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231_zN9LO1CwtKJ2" style="text-align: right" title="General and administrative expenses">(4,489,983)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Other operating income/(expenses), net</td> <td style="text-align: right"> </td> <td style="text-align: center">27</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_z55ppjYIdBn6" style="text-align: right" title="Other operating (income) expenses, net"> (1,065,188)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zM65srWHXzK7" style="text-align: right" title="Other operating (income) expenses, net">  (974,590)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zxnV35Plw5Dc" style="text-align: right" title="Other operating (income) expenses, net">  (675)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z0KszIfwm0tc" style="text-align: right" title="Other operating (income) expenses, net">10,390</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_z7x6yxZZTeyc" style="text-align: right" title="Other operating (income) expenses, net">188,866</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zRt0x8EaKrab" style="text-align: right" title="Other operating (income) expenses, net">  (253,931)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z4nd3Of3fBD7" style="text-align: right" title="Other operating (income) expenses, net">(542,032)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231_zhFKBPDrCUnl" style="text-align: right" title="Other operating (income) expenses, net"> (2,637,160)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Equity in results of affiliated companies</td> <td style="text-align: right"> </td> <td style="text-align: center">9</td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zL4aHFefmJP5" style="text-align: right" title="Equity in results of affiliated companies"> 351,131</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20230101__20231231_zHNSLrwGArT2" style="text-align: right" title="Equity in results of affiliated companies">  351,131</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Operating result before Financial Income and Taxes</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zj7Ic4j4b2qd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> (574,482)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zmUopJH1Ne38" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> 5,807,959</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_ziOHDTmI7WNi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> 5,778</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zpjOym7yGjJe" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> 943,733</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zV4joLfGifM7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">235,466</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zPLR9ioJU461" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">54,675</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zVRAgHoAzkae" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">(1,286,380)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231_zNBK14KA7XWc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">  5,186,749</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light; width: 100%; border-collapse: collapse"> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 31%">Sales by geographic area</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 3%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 8%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 6%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 6%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 9%"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Asia</td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zmKBtJfjMtA8" style="text-align: right" title="Total">  14,714,924</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zTY3Zb4VXP7k" style="border-top: Black 0.5pt solid; text-align: right" title="Total"> 1,826,714</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zgQmWcPJkgLg" style="text-align: right" title="Total">16,541,638</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>North America</td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_z8VTL6bXMOm" style="text-align: right" title="Total">1,671,773</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_zhmNbpWl9JUi" style="text-align: right" title="Total">  1,671,773</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Latin America</td> <td style="text-align: left"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_z4GitlbFr1mj" style="text-align: right" title="Total">132,219</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_z87QaCN0fN9" style="text-align: right" title="Total">  132,219</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Europe</td> <td style="text-align: left"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zaAmVkllyfOc" style="text-align: right" title="Total">4,397,229</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_z9A9xCgcz7Kj" style="text-align: right" title="Total"> 616,551</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zQGu2Cd8mWh8" style="text-align: right" title="Total">  5,013,780</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Foreign market</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zieSwJzfuXNe" style="font-weight: bold; text-align: right" title="Total">6,201,221</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zhoUSNO9gpl7" style="font-weight: bold; text-align: right" title="Total">  15,331,475</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">  </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">  </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_ziRQCwNAViB6" style="font-weight: bold; text-align: right" title="Total"> 1,826,714</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zccUHjO6nOpd" style="font-weight: bold; text-align: right" title="Total">23,359,410</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Domestic market</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_ztZzl4r4W8fc" style="font-weight: bold; text-align: right" title="Total"> 16,516,265</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zScX5lhVINN" style="font-weight: bold; text-align: right" title="Total"> 1,804,173</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zA8VCNtIuEnf" style="font-weight: bold; text-align: right" title="Total">265,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zyAwlOGLaVEb" style="font-weight: bold; text-align: right" title="Total"> 2,644,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zZWo6rppcVIl" style="font-weight: bold; text-align: right" title="Total">545,735</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zyUPZJ4LxDhg" style="font-weight: bold; text-align: right" title="Total"> 4,510,553</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zKLTburF2xt2" style="font-weight: bold; text-align: right" title="Total">(4,209,084)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zsrehaGaxZ6b" style="font-weight: bold; text-align: right" title="Total">22,078,540</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Total</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zcyJvnPePLL3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> 22,717,486</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zUbWVLwLNIsb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">  17,135,648</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zIWty8SYIR7d" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">265,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zbmLTw52V2Hb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> 2,644,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zC697XAUsiD7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">545,735</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zIoZMfcWqRBb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> 4,510,553</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zqAvuw5VVcf8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">(2,382,370)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20230101__20231231_zK7ILUdbKdUk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">45,437,950</td></tr> </table> <p id="xdx_8A2_z27kpsY5elml" style="font: 9pt/115% Arial,sans-serif; margin-top: 0; margin-bottom: 0; text-align: left"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <p style="font: 12pt Times New Roman,serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">An operating segment is a component of the Group committed to the business activities, from which it can earn revenue and incur expenses, including income and expenses related to transactions with any other components of the Group. All results of operating segments are regularly reviewed by CSN’s Executive Board to make decisions about the resources to be allocated to the segment and to evaluate its performance, and for which different financial information is available.</p> 1 2383276000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfConsolidatedSegmentResultsTableTextBlock_pn3n3_zbNdstgbchD6" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - SEGMENT INFORMATION (Details)"> <tr style="vertical-align: middle"> <td style="width: 22%"><span id="xdx_8BD_zGGWtmU1ElA2" style="display: none">Schedule of consolidated results</span></td> <td style="width: 1%"> </td> <td style="width: 4%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 10%"> </td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right">12/31/2025</td></tr> <tr> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">P&amp;L</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Steel</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Mining </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Logistics</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Energy</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Cement</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Corporate expenses/elimination</td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Port</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Railroads</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Road transport</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Net revenues</td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: center">27</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zDmVKclyRzo7" style="font-weight: bold; text-align: right" title="Net revenues">22,025,804</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zZxFBEvGfcNb" style="font-weight: bold; text-align: right" title="Net revenues">15,400,473</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_ztcxePunjIp6" style="font-weight: bold; text-align: right" title="Net revenues">303,839</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zl3BoZkrigw4" style="font-weight: bold; text-align: right" title="Net revenues">3,114,434</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_z9Vc6y7jSIKk" style="font-weight: bold; text-align: right" title="Net revenues">955,943</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zQa7TnkL1S9h" style="font-weight: bold; text-align: right" title="Net revenues">682,068</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zSdXCDW3hS69" style="font-weight: bold; text-align: right" title="Net revenues"> 4,905,993</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zGZstg70Jlrd" style="font-weight: bold; text-align: right" title="Net revenues"> (2,590,608)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231_zFfmp19FY6ec" style="font-weight: bold; text-align: right" title="Net revenues">44,797,946</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left">In Brazil</td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zllj9HGayGj9" style="text-align: right" title="Net revenues">16,005,141</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zvnmfBgU85qc" style="text-align: right" title="Net revenues"> 1,621,818</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zCbe4uZz91Vb" style="text-align: right" title="Net revenues">303,839</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zBnRenKga96" style="text-align: right" title="Net revenues">3,114,434</td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zbjVDZTGLKu" style="text-align: right" title="Net revenues">935,551</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zT8nzOFjeKik" style="text-align: right" title="Net revenues">682,068</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zLeMxSb5tk87" style="text-align: right" title="Net revenues"> 4,905,989</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zPUQzjuzfQl8" style="text-align: right" title="Net revenues"> (5,282,884)</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zW7nD3an0EUe" style="text-align: right" title="Net revenues">22,285,956</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Abroad</td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_zMHJHU9nOlPk" style="text-align: right" title="Net revenues">6,020,663</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_zqFQUFi93RL2" style="text-align: right" title="Net revenues">13,778,655</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_zrAtcuEZaDb7" style="text-align: right" title="Net revenues">20,392</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_987_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_z8Wa8YTUnIUc" style="text-align: right" title="Net revenues">4</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_zNkdQ2aesn7" style="text-align: right" title="Net revenues">2,692,276</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMember_zgs2f3Fc2lo3" style="text-align: right" title="Net revenues">22,511,990</td></tr> <tr style="vertical-align: middle"> <td>Cost of sales and services</td> <td style="text-align: right"> </td> <td style="text-align: center">28</td> <td style="text-align: right"> </td> <td id="xdx_986_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zyZFm4ak9Tgd" style="text-align: right" title="Cost of sales and services"> (19,980,031)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zvF4POEIVuAe" style="text-align: right" title="Cost of sales and services"> (10,052,663)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zFWuEyAifVMg" style="text-align: right" title="Cost of sales and services"> (242,931)</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zEALhEFLWtK" style="text-align: right" title="Cost of sales and services"> (1,734,809)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zHgZfiPhJv5i" style="text-align: right" title="Cost of sales and services"> (833,177)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zFlg0WylQIm9" style="text-align: right" title="Cost of sales and services"> (480,426)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zzEjd6SS8Oz3" style="text-align: right" title="Cost of sales and services">(3,353,074)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zDgk2TP7hmTb" style="text-align: right" title="Cost of sales and services">4,272,890</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--CostOfSalesAndServices_pn3n3_c20250101__20251231_zCDInP48VeX5" style="text-align: right" title="Cost of sales and services"> (32,404,221)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Gross profit</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zz9nq5VwrNKd" style="font-weight: bold; text-align: right" title="Gross profit">2,045,773</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zNeXya2BbZ51" style="font-weight: bold; text-align: right" title="Gross profit"> 5,347,810</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_z6mgP03NlqVh" style="font-weight: bold; text-align: right" title="Gross profit">60,908</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zKtslkUDOju5" style="font-weight: bold; text-align: right" title="Gross profit">1,379,625</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zwC9yHUGyTdk" style="font-weight: bold; text-align: right" title="Gross profit">122,766</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zgHmBAe8BI67" style="font-weight: bold; text-align: right" title="Gross profit">201,642</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zGN3B0uCsHd" style="font-weight: bold; text-align: right" title="Gross profit"> 1,552,919</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--GrossProfit_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zzuuiMFUUKBh" style="font-weight: bold; text-align: right" title="Gross profit">1,682,282</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--GrossProfit_pn3n3_c20250101__20251231_z1tni7ZSCUX7" style="font-weight: bold; text-align: right" title="Gross profit">12,393,725</td></tr> <tr style="vertical-align: middle"> <td>General and administrative expenses</td> <td style="text-align: right"> </td> <td style="text-align: center">28</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_z9eS2XEKN2Yb" style="text-align: right" title="General and administrative expenses">(1,304,105)</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zlXF6AazrVok" style="text-align: right" title="General and administrative expenses">(341,612)</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zHWu1OCU2K2" style="text-align: right" title="General and administrative expenses">(13,664)</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z0BpKnd4Opcf" style="text-align: right" title="General and administrative expenses">(293,003)</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zpLFVZjWS36l" style="text-align: right" title="General and administrative expenses">(48,793)</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_z5EjbFUu9K5f" style="text-align: right" title="General and administrative expenses">(35,418)</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zWUET8ZRkqBg" style="text-align: right" title="General and administrative expenses">(1,123,892)</td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zh8xOMrKUlFl" style="text-align: right" title="General and administrative expenses">(2,851,825)</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20250101__20251231_zoeILTIwgFo5" style="text-align: right" title="General and administrative expenses">(6,012,312)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Other operating income/(expenses), net</td> <td style="text-align: right"> </td> <td style="text-align: center">29</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zZenKyQgscz2" style="text-align: right" title="Other operating (income) expenses, net"> (1,151,153)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zPYJPEFYPEF8" style="text-align: right" title="Other operating (income) expenses, net"> (436,614)</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zSX1ESuXjyS4" style="text-align: right" title="Other operating (income) expenses, net"> (9,226)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zESSf8MFQC21" style="text-align: right" title="Other operating (income) expenses, net"> (39,806)</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zIywZyl64RP4" style="text-align: right" title="Other operating (income) expenses, net"> (13,036)</td> <td style="text-align: right"> </td> <td id="xdx_98F_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zMDHnQr648D3" style="text-align: right" title="Other operating (income) expenses, net"> (32,790)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zTonWCRxcGV6" style="text-align: right" title="Other operating (income) expenses, net">308,289</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zfzDurBWHzN9" style="text-align: right" title="Other operating (income) expenses, net">(709,147)</td> <td style="text-align: right"> </td> <td id="xdx_985_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20250101__20251231_zBTIxej1oYul" style="text-align: right" title="Other operating (income) expenses, net"> (2,083,483)</td></tr> <tr style="vertical-align: middle"> <td>Equity in results of affiliated companies</td> <td style="text-align: right"> </td> <td style="text-align: center">10</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z86aQdy98Jgc" style="text-align: right" title="Equity in results of affiliated companies"> 518,744</td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20250101__20251231_zifzalebonB2" style="text-align: right" title="Equity in results of affiliated companies">518,744</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Operating result before Financial Income and Taxes</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_z8vGNATHVntd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">(409,485)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zRsNyu3IJeDd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> 4,569,584</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_z3cPk1kAGo72" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">38,018</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zgZa5mHvZH9d" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">1,046,816</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zVOWHOlaVFR1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">60,937</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zvH4IvFyuxng" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">133,434</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zy4G0obnrUef" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">737,316</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zLB7uuqKX0U" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> (1,359,946)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20250101__20251231_zZCcoQQejGia" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">4,816,674</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td></tr> <tr style="vertical-align: middle"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Sales by geographic area</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Asia</td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zWEXelxPUSFg" style="text-align: right" title="Total">13,135,426</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zwsWAdRNGE1k" style="text-align: right" title="Total">2,674,779</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zl2pIHM7GkDl" style="text-align: right" title="Total">15,810,205</td></tr> <tr> <td style="vertical-align: middle">North America</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_z9qBZU3hZMo4" style="vertical-align: bottom; text-align: right" title="Total">1,055,824</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_zsfHa0Ka6i24" style="vertical-align: bottom; text-align: right" title="Total">1,055,824</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Latin America</td> <td style="text-align: left"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zXm4rKB0ityf" style="text-align: right" title="Total"> 42,956</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zBz2ZDvt9YC3" style="text-align: right" title="Total">20,392</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zTY3EbWaQ93c" style="text-align: right" title="Total">4</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zqz8VLU02ZGa" style="text-align: right" title="Total">63,352</td></tr> <tr> <td style="vertical-align: middle; text-align: left">Europe</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_znW3NixSHWvj" style="vertical-align: bottom; text-align: right" title="Total">3,664,868</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zdykcoSGvE9d" style="vertical-align: bottom; text-align: right" title="Total">643,229</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zMNh68liy6n1" style="vertical-align: bottom; text-align: right" title="Total">4,308,097</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Others</td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfOthersMember_zmfg7SA1LbJ8" style="text-align: right" title="Total">1,257,014</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfOthersMember_z243MdBLKfEg" style="text-align: right" title="Total"> 17,498</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__custom--CountryOfOthersMember_zUzyeUuvrgm2" style="text-align: right" title="Total">1,274,512</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Foreign market</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zFW3thNMOnN7" style="font-weight: bold; text-align: right" title="Total">6,020,662</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zoVk9n3nm2gc" style="font-weight: bold; text-align: right" title="Total">13,778,655</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_z900SkPrzPk2" style="font-weight: bold; text-align: right" title="Total">20,392</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zHNw2PZihjMe" style="font-weight: bold; text-align: right" title="Total">4</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zK4plcuUjug5" style="font-weight: bold; text-align: right" title="Total">2,692,277</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zWKqFDJU6b41" style="font-weight: bold; text-align: right" title="Total">22,511,990</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Domestic market</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zT7GpW18C2bb" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">16,005,141</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zIuU7132a43h" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 1,621,818</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_987_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z7DUqvFTXZqj" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">303,839</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z6RrWYoy3bc4" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">3,114,434</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zJHb2T07IYRf" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">935,551</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zUw9PPkjjW35" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">682,068</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zkVsbAQ9g8b3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 4,905,989</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z9HlQFBRXvS1" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> (5,282,884)</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z8Dsg6t3cGc6" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">22,285,956</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Total</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zcy1DdOsbIpl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">22,025,804</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zjmehjPL9IUl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">15,400,473</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zIRhh1rg7Zmg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">303,839</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zNBtOxmWNnK5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">3,114,434</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zkGJM6MTgjUg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">955,943</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zsDTsTOFZSok" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">682,068</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zt1MSBhG7uTj" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> 4,905,993</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z9IgSdoa03J5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> (2,590,608)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20250101__20251231_zGrtniBvI2dh" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">44,797,946</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: justify"></p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt"> <tr style="vertical-align: middle"> <td style="width: 22%"> </td> <td style="width: 1%"> </td> <td style="text-align: center; width: 4%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 6%"> </td> <td style="width: 1%"> </td> <td style="width: 7%"> </td> <td style="width: 1%"> </td> <td style="width: 8%"> </td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%"> </td></tr> <tr> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2024</td></tr> <tr> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">P&amp;L</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Steel</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Mining </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Logistics</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Energy</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Cement</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Corporate expenses/elimination</td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Port</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Railroads</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Road transport</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Net revenues</td> <td> </td> <td style="text-align: center">27</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zNwwtlWwmao5" style="font-weight: bold; text-align: right" title="Net revenues">23,178,678</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_z4OvOhMAfHx2" style="font-weight: bold; text-align: right" title="Net revenues">13,092,645</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_znZp3v4UHqb8" style="font-weight: bold; text-align: right" title="Net revenues">352,508</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zKNGpaY1CHHf" style="font-weight: bold; text-align: right" title="Net revenues">2,892,041</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zZaXn0EkWDLd" style="font-weight: bold; text-align: right" title="Net revenues">521,465</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_z1eQv2C87h9k" style="font-weight: bold; text-align: right" title="Net revenues"> 4,766,343</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zcfXD2VFAVl7" style="font-weight: bold; text-align: right" title="Net revenues"> (1,116,220)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20240101__20241231_zpS4JlUXOUC2" style="font-weight: bold; text-align: right" title="Net revenues">43,687,460</td></tr> <tr> <td style="padding-left: 15px; vertical-align: middle; text-align: left">In Brazil</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z4sdEpNx7pY1" style="vertical-align: bottom; text-align: right" title="Net revenues">16,901,495</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zKvVcdVmEG78" style="vertical-align: bottom; text-align: right" title="Net revenues"> 1,510,550</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_ztB0wbmpwZR" style="vertical-align: bottom; text-align: right" title="Net revenues">352,508</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zRPMKWn3pAi" style="vertical-align: bottom; text-align: right" title="Net revenues">2,892,041</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zqJT6REzZ0di" style="vertical-align: bottom; text-align: right" title="Net revenues">521,465</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zmBHmJoWcAs2" style="vertical-align: bottom; text-align: right" title="Net revenues"> 4,766,343</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zuxM2rYcFU9g" style="vertical-align: bottom; text-align: right" title="Net revenues"> (4,604,004)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zgsqf0hFuqz4" style="vertical-align: bottom; text-align: right" title="Net revenues">22,340,398</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 15px; text-align: left">Abroad</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zAOyhmxVF6uf" style="text-align: right" title="Net revenues">6,277,183</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zw3euS0OEoHa" style="text-align: right" title="Net revenues">11,582,095</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_z3svuemAFFY9" style="text-align: right" title="Net revenues">3,487,784</td> <td style="text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zs59BEXko3t1" style="text-align: right" title="Net revenues">21,347,062</td></tr> <tr> <td style="vertical-align: middle">Cost of sales and services</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">28</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zoQPxoeZTT6h" style="vertical-align: bottom; text-align: right" title="Cost of sales and services"> (21,759,435)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zqQrFmB9hkCa" style="vertical-align: bottom; text-align: right" title="Cost of sales and services">(8,202,297)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zK0CAKhSBWY4" style="vertical-align: bottom; text-align: right" title="Cost of sales and services"> (262,061)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zfmFaW34G5Rg" style="vertical-align: bottom; text-align: right" title="Cost of sales and services"> (1,674,401)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_z8x72CG14hz4" style="vertical-align: bottom; text-align: right" title="Cost of sales and services"> (419,138)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zjiaCgo6bpkc" style="vertical-align: bottom; text-align: right" title="Cost of sales and services">(3,384,409)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_985_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zXugCLHWEaOh" style="vertical-align: bottom; text-align: right" title="Cost of sales and services">3,711,045</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_ecustom--CostOfSalesAndServices_pn3n3_c20240101__20241231_z5DBVlX3dpyg" style="vertical-align: bottom; text-align: right" title="Cost of sales and services"> (31,990,696)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Gross profit</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zZKn0MhtK0ta" style="font-weight: bold; text-align: right" title="Gross profit">1,419,243</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zHKVnwjQgW14" style="font-weight: bold; text-align: right" title="Gross profit"> 4,890,348</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zTzYfVUP4Dne" style="font-weight: bold; text-align: right" title="Gross profit">90,447</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z3rIDkTmqovd" style="font-weight: bold; text-align: right" title="Gross profit">1,217,640</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_znUTO6wmuKRk" style="font-weight: bold; text-align: right" title="Gross profit">102,327</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_z0zYuAcSHw5i" style="font-weight: bold; text-align: right" title="Gross profit"> 1,381,934</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--GrossProfit_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z2UjedQbycyg" style="font-weight: bold; text-align: right" title="Gross profit">2,594,825</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--GrossProfit_pn3n3_c20240101__20241231_zCR3NB4WMXEf" style="font-weight: bold; text-align: right" title="Gross profit">11,696,764</td></tr> <tr> <td style="vertical-align: middle">General and administrative expenses</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">28</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zzxQZ5ESgu37" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(1,289,952)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zPvI2Dtmf43g" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(267,173)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zS0tjJ4eteF5" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(11,336)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z3OkABy4yz1h" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(266,128)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zwgfZzoK5JDf" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(48,674)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zOkQXTDbzDn1" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(815,797)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z5RBvFESaXzk" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(3,610,236)</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20240101__20241231_zO52FBaP0fui" style="vertical-align: bottom; text-align: right" title="General and administrative expenses">(6,309,296)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Other operating income/(expenses), net</td> <td> </td> <td style="text-align: center">29</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zRLZRWhR52v" style="text-align: right" title="Other operating (income) expenses, net">(864,103)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zupwShgAPDth" style="text-align: right" title="Other operating (income) expenses, net"> (10,803)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zaaWIf9t7vy5" style="text-align: right" title="Other operating (income) expenses, net"> (13,266)</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zQZ9Oal45A68" style="text-align: right" title="Other operating (income) expenses, net"> 270,024</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98E_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_z5whIzx9Sv87" style="text-align: right" title="Other operating (income) expenses, net"> (61,065)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zQ6aQSBLKyWe" style="text-align: right" title="Other operating (income) expenses, net"> (94,899)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zZa4gQC0OdD6" style="text-align: right" title="Other operating (income) expenses, net">(791,382)</td> <td style="text-align: right"> </td> <td id="xdx_984_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20240101__20241231_zbVuhpAnpRO9" style="text-align: right" title="Other operating (income) expenses, net"> (1,565,494)</td></tr> <tr> <td style="vertical-align: middle">Equity in results of affiliated companies</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center">10</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z76lf27w8mf" style="vertical-align: bottom; text-align: right" title="Equity in results of affiliated companies"> 448,048</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_986_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20240101__20241231_zvWb2Sj2W6j4" style="vertical-align: bottom; text-align: right" title="Equity in results of affiliated companies">448,048</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Operating result before Financial Income and Taxes</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zRAz8qftij9b" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">(734,812)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zePDRas4Qun9" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> 4,612,372</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zsEytFRAK205" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">65,845</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zRe1Af9KAORl" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">1,221,536</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zGG1OdQW9aU3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> (7,412)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zqRAvwjiKlM6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">471,238</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zjocniIAVSYa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> (1,358,745)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20240101__20241231_zDabP5mcOLhi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">4,270,022</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Sales by geographic area</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Asia</td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zeShJXFo3Qth" style="text-align: right" title="Total">10,698,348</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zxJj59qOGF69" style="text-align: right" title="Total">3,487,784</td> <td style="text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zzlQKKl7EaCa" style="text-align: right" title="Total">14,186,132</td></tr> <tr> <td style="vertical-align: middle">North America</td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_zCCxIvj9qPKb" style="vertical-align: bottom; text-align: right" title="Total">1,750,998</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_zRwFESTUUGTl" style="vertical-align: bottom; text-align: right" title="Total">1,750,998</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="text-align: left">Latin America</td> <td style="text-align: left"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zwxvubUvgPS7" style="text-align: right" title="Total"> 70,752</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_zyxgBhJREr0a" style="text-align: right" title="Total">70,752</td></tr> <tr> <td style="vertical-align: middle; text-align: left">Europe</td> <td style="vertical-align: middle; text-align: left"> </td> <td style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zK9QymLOxwF9" style="vertical-align: bottom; text-align: right" title="Total">4,455,433</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_z2cbAdujsmtl" style="vertical-align: bottom; text-align: right" title="Total">825,935</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zY7d7XwCmgy" style="vertical-align: bottom; text-align: right" title="Total">5,281,368</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Others</td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfOthersMember_zWQjNQAROYs2" style="text-align: right" title="Total">57,812</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__custom--CountryOfOthersMember_zJo9nbd8d53l" style="text-align: right" title="Total">57,812</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Foreign market</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zgQH8gvq0cC4" style="font-weight: bold; text-align: right" title="Total">6,277,183</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zcUwL0eK4G75" style="font-weight: bold; text-align: right" title="Total">11,582,095</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_z3WUd0sEovZ8" style="font-weight: bold; text-align: right" title="Total">3,487,784</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zW1aWLkvctZ4" style="font-weight: bold; text-align: right" title="Total">21,347,062</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Domestic market</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zHFpl9Nl5kLj" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">16,901,495</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z7w0rignwWr5" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 1,510,550</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z9CFn4Cp9Xub" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">352,508</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zJC7zaIkcN9" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">2,892,041</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zy5ho0NQdzV7" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">521,465</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z8dnDj6mkKqc" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> 4,766,343</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zx2qaxKBqHxi" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total"> (4,604,004)</td> <td style="font-weight: bold; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z2Muo0gPDae3" style="font-weight: bold; vertical-align: bottom; text-align: right" title="Total">22,340,398</td></tr> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold">Total</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_z6L9YaQOVzy1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">23,178,678</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zgZvRJh1Hgtg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">13,092,645</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zP23eP3KUo0e" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">352,508</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z8XFokVhGMef" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">2,892,041</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RoadTransportMember_zdZl2Nkheiil" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> <span style="-sec-ix-hidden: xdx2ixbrl8745">-</span> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_z7p2Y922NuL5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">521,465</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zeCEBkNeofI5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> 4,766,343</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zw2ST30pQdMk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> (1,116,220)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20240101__20241231_z3My3MoKHFO3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">43,687,460</td></tr> </table> <p style="font: 9pt/115% Arial,sans-serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: middle; text-align: right; width: 31%"> </td> <td style="vertical-align: middle; text-align: right; width: 1%"> </td> <td style="vertical-align: middle; text-align: center; width: 3%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 8%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 6%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 6%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; width: 9%">12/31/2023</td></tr> <tr> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">P&amp;L</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Steel</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Mining </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td colspan="3" style="font-weight: bold; vertical-align: middle; text-align: center">Logistics</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Energy</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Cement</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Corporate expenses/elimination</td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td rowspan="2" style="border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Consolidated</td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Port</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Railroads</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Net revenues</td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zWBfXLCwePzk" style="font-weight: bold; text-align: right" title="Net revenues"> 22,717,486</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_z3zwh8DetqW6" style="font-weight: bold; text-align: right" title="Net revenues">  17,135,648</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_z1QSnhGCHpc8" style="font-weight: bold; text-align: right" title="Net revenues">265,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zZxylqKsh3T6" style="font-weight: bold; text-align: right" title="Net revenues"> 2,644,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zOdXXlKQo3Qe" style="font-weight: bold; text-align: right" title="Net revenues">545,735</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zxGnV5XVT4o6" style="font-weight: bold; text-align: right" title="Net revenues"> 4,510,553</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zWqB9R14AlNa" style="font-weight: bold; text-align: right" title="Net revenues">(2,382,370)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20230101__20231231_zVLnG5qw4nMf" style="font-weight: bold; text-align: right" title="Net revenues">45,437,950</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 12px; text-align: left">In Brazil</td> <td style="padding-left: 12px; text-align: left"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zwmN1J0YxTv8" style="text-align: right" title="Net revenues"> 16,516,265</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_znwh3niTY1B9" style="text-align: right" title="Net revenues"> 1,804,173</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zFEWlsFGmQx6" style="text-align: right" title="Net revenues">265,949</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zoRoolpmqeIl" style="text-align: right" title="Net revenues"> 2,644,949</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zmFYSwl0wuG6" style="text-align: right" title="Net revenues">545,735</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z21Dz54el7Y4" style="text-align: right" title="Net revenues"> 4,510,553</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z8cYRjnfhCi9" style="text-align: right" title="Net revenues">(4,209,084)</td> <td style="text-align: right"> </td> <td id="xdx_98B_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_z7TDW92HZZa1" style="text-align: right" title="Net revenues">22,078,540</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="padding-left: 12px; text-align: left">Abroad</td> <td style="padding-left: 12px; text-align: left"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_za6XODO27p3a" style="text-align: right" title="Net revenues">6,201,221</td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zJYDSFpdV8J4" style="text-align: right" title="Net revenues">  15,331,475</td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zOoCtNGjOfHh" style="text-align: right" title="Net revenues"> 1,826,714</td> <td style="text-align: right"> </td> <td id="xdx_988_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zoK5DAsEM5Zd" style="text-align: right" title="Net revenues">23,359,410</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Cost of sales and services</td> <td style="text-align: right"> </td> <td style="text-align: center">26</td> <td style="text-align: right"> </td> <td id="xdx_98C_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zt1Bk6jVaYjk" style="text-align: right" title="Cost of sales and services">  (21,008,013)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_z45h2gDbu3O1" style="text-align: right" title="Cost of sales and services">  (9,931,881)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zxxFebrBNWnk" style="text-align: right" title="Cost of sales and services"> (248,938)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zjfqiFYyUJh3" style="text-align: right" title="Cost of sales and services">  (1,492,728)</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zB06KTpA200b" style="text-align: right" title="Cost of sales and services"> (441,281)</td> <td style="text-align: right"> </td> <td id="xdx_980_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zlSrLD7830D2" style="text-align: right" title="Cost of sales and services">  (3,644,362)</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zJ0KkNbm1NQ8" style="text-align: right" title="Cost of sales and services"> 3,292,014</td> <td style="text-align: right"> </td> <td id="xdx_983_ecustom--CostOfSalesAndServices_pn3n3_c20230101__20231231_zww65hHId3h9" style="text-align: right" title="Cost of sales and services">  (33,475,189)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Gross profit</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zKEJMh8CwmWk" style="font-weight: bold; text-align: right" title="Gross profit">1,709,473</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zjgM36OGbNoh" style="font-weight: bold; text-align: right" title="Gross profit"> 7,203,767</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zljoxdn3ZL4j" style="font-weight: bold; text-align: right" title="Gross profit">  17,011</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z3Q3zu9l2i38" style="font-weight: bold; text-align: right" title="Gross profit"> 1,152,221</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zDrTYqViTW0f" style="font-weight: bold; text-align: right" title="Gross profit">104,454</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zyJxsECpW4o5" style="font-weight: bold; text-align: right" title="Gross profit"> 866,191</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--GrossProfit_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zSRkrHcR1ska" style="font-weight: bold; text-align: right" title="Gross profit"> 909,644</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--GrossProfit_pn3n3_c20230101__20231231_zqrTcb2JCDC4" style="font-weight: bold; text-align: right" title="Gross profit">11,962,761</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>General and administrative expenses</td> <td style="text-align: right"> </td> <td style="text-align: center">26</td> <td style="text-align: right"> </td> <td id="xdx_98C_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zX5O5c7VgQd" style="text-align: right" title="General and administrative expenses">(1,218,767)</td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zOaWetwgHYb3" style="text-align: right" title="General and administrative expenses">(421,218)</td> <td style="text-align: right"> </td> <td id="xdx_98A_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zBhhLuy25oQb" style="text-align: right" title="General and administrative expenses">(10,558)</td> <td style="text-align: right"> </td> <td id="xdx_985_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zeX80Rbhzqx5" style="text-align: right" title="General and administrative expenses">(218,878)</td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zlSQnv9xM6nj" style="text-align: right" title="General and administrative expenses">(57,854)</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zqfVbz4PK7s1" style="text-align: right" title="General and administrative expenses">(557,585)</td> <td style="text-align: right"> </td> <td id="xdx_989_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zDZEevDrNgg8" style="text-align: right" title="General and administrative expenses">(2,005,123)</td> <td style="text-align: right"> </td> <td id="xdx_98E_eifrs-full--GeneralAndAdministrativeExpense_iN_pn3n3_di_c20230101__20231231_zN9LO1CwtKJ2" style="text-align: right" title="General and administrative expenses">(4,489,983)</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Other operating income/(expenses), net</td> <td style="text-align: right"> </td> <td style="text-align: center">27</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_z55ppjYIdBn6" style="text-align: right" title="Other operating (income) expenses, net"> (1,065,188)</td> <td style="text-align: right"> </td> <td id="xdx_982_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zM65srWHXzK7" style="text-align: right" title="Other operating (income) expenses, net">  (974,590)</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zxnV35Plw5Dc" style="text-align: right" title="Other operating (income) expenses, net">  (675)</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_z0KszIfwm0tc" style="text-align: right" title="Other operating (income) expenses, net">10,390</td> <td style="text-align: right"> </td> <td id="xdx_988_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_z7x6yxZZTeyc" style="text-align: right" title="Other operating (income) expenses, net">188,866</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zRt0x8EaKrab" style="text-align: right" title="Other operating (income) expenses, net">  (253,931)</td> <td style="text-align: right"> </td> <td id="xdx_989_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_z4nd3Of3fBD7" style="text-align: right" title="Other operating (income) expenses, net">(542,032)</td> <td style="text-align: right"> </td> <td id="xdx_987_ecustom--OtherOperatingIncomeExpensesNet_pn3n3_c20230101__20231231_zhFKBPDrCUnl" style="text-align: right" title="Other operating (income) expenses, net"> (2,637,160)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>Equity in results of affiliated companies</td> <td style="text-align: right"> </td> <td style="text-align: center">9</td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td style="text-align: right">  </td> <td style="text-align: right"> </td> <td style="text-align: right"></td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zL4aHFefmJP5" style="text-align: right" title="Equity in results of affiliated companies"> 351,131</td> <td style="text-align: right"> </td> <td id="xdx_98B_ecustom--EquityInResultsOfAffiliatedCompanies1_pn3n3_c20230101__20231231_zHNSLrwGArT2" style="text-align: right" title="Equity in results of affiliated companies">  351,131</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Operating result before Financial Income and Taxes</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zj7Ic4j4b2qd" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> (574,482)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zmUopJH1Ne38" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> 5,807,959</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_ziOHDTmI7WNi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> 5,778</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zpjOym7yGjJe" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes"> 943,733</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98B_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zV4joLfGifM7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">235,466</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zPLR9ioJU461" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">54,675</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zVRAgHoAzkae" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">(1,286,380)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_c20230101__20231231_zNBK14KA7XWc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Operating result before Financial Income and Taxes">  5,186,749</td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Helvetica light; width: 100%; border-collapse: collapse"> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 31%">Sales by geographic area</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 3%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 8%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 6%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 6%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 7%"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 9%"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td>Asia</td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zmKBtJfjMtA8" style="text-align: right" title="Total">  14,714,924</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_981_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zTY3Zb4VXP7k" style="border-top: Black 0.5pt solid; text-align: right" title="Total"> 1,826,714</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--GeographicalAreasAxis__custom--CountryOfAsiaMember_zgQmWcPJkgLg" style="text-align: right" title="Total">16,541,638</td></tr> <tr style="vertical-align: middle; background-color: White"> <td>North America</td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_z8VTL6bXMOm" style="text-align: right" title="Total">1,671,773</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--GeographicalAreasAxis__custom--CountryOfNorthAmericaMember_zhmNbpWl9JUi" style="text-align: right" title="Total">  1,671,773</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="text-align: left">Latin America</td> <td style="text-align: left"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_z4GitlbFr1mj" style="text-align: right" title="Total">132,219</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--GeographicalAreasAxis__custom--CountryOfLatinAmericaMember_z87QaCN0fN9" style="text-align: right" title="Total">  132,219</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: left">Europe</td> <td style="text-align: left"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zaAmVkllyfOc" style="text-align: right" title="Total">4,397,229</td> <td style="text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_z9A9xCgcz7Kj" style="text-align: right" title="Total"> 616,551</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--GeographicalAreasAxis__custom--CountryOfEuropeMember_zQGu2Cd8mWh8" style="text-align: right" title="Total">  5,013,780</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Foreign market</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zieSwJzfuXNe" style="font-weight: bold; text-align: right" title="Total">6,201,221</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zhoUSNO9gpl7" style="font-weight: bold; text-align: right" title="Total">  15,331,475</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">  </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right">  </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"></td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_ziRQCwNAViB6" style="font-weight: bold; text-align: right" title="Total"> 1,826,714</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98A_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--ForeignMarketMember_zccUHjO6nOpd" style="font-weight: bold; text-align: right" title="Total">23,359,410</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold">Domestic market</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_ztZzl4r4W8fc" style="font-weight: bold; text-align: right" title="Total"> 16,516,265</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zScX5lhVINN" style="font-weight: bold; text-align: right" title="Total"> 1,804,173</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zA8VCNtIuEnf" style="font-weight: bold; text-align: right" title="Total">265,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_986_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zyAwlOGLaVEb" style="font-weight: bold; text-align: right" title="Total"> 2,644,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_985_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zZWo6rppcVIl" style="font-weight: bold; text-align: right" title="Total">545,735</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zyUPZJ4LxDhg" style="font-weight: bold; text-align: right" title="Total"> 4,510,553</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zKLTburF2xt2" style="font-weight: bold; text-align: right" title="Total">(4,209,084)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--MarketsOfCustomersAxis__custom--DomesticMarketMember_zsrehaGaxZ6b" style="font-weight: bold; text-align: right" title="Total">22,078,540</td></tr> <tr style="vertical-align: middle; background-color: rgb(220,230,241)"> <td style="font-weight: bold">Total</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_982_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--SteelMember_zcyJvnPePLL3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> 22,717,486</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--MiningMember_zUbWVLwLNIsb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">  17,135,648</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--LogisticsPortMember_zIWty8SYIR7d" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">265,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_989_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--RailroadsMember_zbmLTw52V2Hb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> 2,644,949</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--EnergyMember_zC697XAUsiD7" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">545,735</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_983_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CementMember_zIoZMfcWqRBb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total"> 4,510,553</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_980_eifrs-full--Revenue_pn3n3_c20230101__20231231__ifrs-full--IndividualAssetsOrCashgeneratingUnitsAxis__custom--CorporateExpensesEliminationMember_zqAvuw5VVcf8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">(2,382,370)</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_984_eifrs-full--Revenue_pn3n3_c20230101__20231231_zK7ILUdbKdUk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Total">45,437,950</td></tr> </table> 22025804000 15400473000 303839000 3114434000 955943000 682068000 4905993000 -2590608000 44797946000 16005141000 1621818000 303839000 3114434000 935551000 682068000 4905989000 -5282884000 22285956000 6020663000 13778655000 20392000 4000 2692276000 22511990000 -19980031000 -10052663000 -242931000 -1734809000 -833177000 -480426000 -3353074000 4272890000 -32404221000 2045773000 5347810000 60908000 1379625000 122766000 201642000 1552919000 1682282000 12393725000 1304105000 341612000 13664000 293003000 48793000 35418000 1123892000 2851825000 6012312000 -1151153000 -436614000 -9226000 -39806000 -13036000 -32790000 308289000 -709147000 -2083483000 518744000 518744000 -409485000 4569584000 38018000 1046816000 60937000 133434000 737316000 -1359946000 4816674000 13135426000 2674779000 15810205000 1055824000 1055824000 42956000 20392000 4000 63352000 3664868000 643229000 4308097000 1257014000 17498000 1274512000 6020662000 13778655000 20392000 4000 2692277000 22511990000 16005141000 1621818000 303839000 3114434000 935551000 682068000 4905989000 -5282884000 22285956000 22025804000 15400473000 303839000 3114434000 955943000 682068000 4905993000 -2590608000 44797946000 23178678000 13092645000 352508000 2892041000 521465000 4766343000 -1116220000 43687460000 16901495000 1510550000 352508000 2892041000 521465000 4766343000 -4604004000 22340398000 6277183000 11582095000 3487784000 21347062000 -21759435000 -8202297000 -262061000 -1674401000 -419138000 -3384409000 3711045000 -31990696000 1419243000 4890348000 90447000 1217640000 102327000 1381934000 2594825000 11696764000 1289952000 267173000 11336000 266128000 48674000 815797000 3610236000 6309296000 -864103000 -10803000 -13266000 270024000 -61065000 -94899000 -791382000 -1565494000 448048000 448048000 -734812000 4612372000 65845000 1221536000 -7412000 471238000 -1358745000 4270022000 10698348000 3487784000 14186132000 1750998000 1750998000 70752000 70752000 4455433000 825935000 5281368000 57812000 57812000 6277183000 11582095000 3487784000 21347062000 16901495000 1510550000 352508000 2892041000 521465000 4766343000 -4604004000 22340398000 23178678000 13092645000 352508000 2892041000 521465000 4766343000 -1116220000 43687460000 22717486000 17135648000 265949000 2644949000 545735000 4510553000 -2382370000 45437950000 16516265000 1804173000 265949000 2644949000 545735000 4510553000 -4209084000 22078540000 6201221000 15331475000 1826714000 23359410000 -21008013000 -9931881000 -248938000 -1492728000 -441281000 -3644362000 3292014000 -33475189000 1709473000 7203767000 17011000 1152221000 104454000 866191000 909644000 11962761000 1218767000 421218000 10558000 218878000 57854000 557585000 2005123000 4489983000 -1065188000 -974590000 -675000 10390000 188866000 -253931000 -542032000 -2637160000 351131000 351131000 -574482000 5807959000 5778000 943733000 235466000 54675000 -1286380000 5186749000 14714924000 1826714000 16541638000 1671773000 1671773000 132219000 132219000 4397229000 616551000 5013780000 6201221000 15331475000 1826714000 23359410000 16516265000 1804173000 265949000 2644949000 545735000 4510553000 -4209084000 22078540000 22717486000 17135648000 265949000 2644949000 545735000 4510553000 -2382370000 45437950000 <p id="xdx_804_ecustom--DisclosureOfEmployeeBenefitExplanatory_zBRBQYLIvVI8" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>32.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_826_zNmStt8n4F13">EMPLOYEE BENEFITS</span> </b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The pension plans granted cover substantially all employees. The plans are administered by the Caixa Beneficente dos Empregados da CSN ("CBS"), a private and non-profit pension fund, established in July 1960.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Until December 1995, CBS Previdência managed two defined benefit plans based on years of service, salary, and social security benefits. On December 27, 1995, the Social Security Complementary Secretariat ("SPC") approved the implementation of a new benefit plan, effective from that date, called Mixed Supplementary Benefit Plan ("Mixed Plan"), structured as a variable contribution plan, which has been closed to new enrollments since September 2013. From that date, all new employees must adhere to the CBS Prev Plan, structured in the defined contribution modality, also created in September 2013.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The guarantor resources of CBS are invested mainly in repurchase agreements (backed by federal government securities), federal government securities indexed to inflation, stocks, loans and real estate. As of December 31, 2025, CBS held <span id="xdx_90F_ecustom--NumberOfSharesHeld_iI_pip0_c20251231_zLKPEuiC4jll" title="Number of shares held">6,772,052</span> common shares of CSN (<span id="xdx_90F_ecustom--NumberOfSharesHeld_iI_pip0_c20241231_zvmHUg3Vv243" title="Number of shares held">6,772,052</span> as of December 31, 2024). The total guaranteed resources of the entity totaled R$<span id="xdx_906_ecustom--PlanAssetsValue_iI_pn8n9_c20251231_zfEKiqmuoKB" title="Plan assets value">6.6</span> billion as of December 31, 2025 (R$<span id="xdx_901_ecustom--PlanAssetsValue_c20241231_pn8n9" title="Plan assets value">6.5</span> billion as of December 31, 2024). CBS fund managers seek to combine plan assets with long-term benefit obligations to be paid. The pension funds in Brazil are subject to certain restrictions related to their ability to invest in foreign assets and, consequently, the funds mainly invest in securities in Brazil.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">These are considered Guarantor Resources, the available assets and investments of the Benefit Plans, not including the values of contracted debts with sponsors.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">For defined benefit plans, called "35% of Salary Average" and "Salary Average Supplementation Plan", the Company maintains a financial guarantee with CBS Previdência, the entity that administers the mentioned plans, with the objective of maintaining financial and actuarial balance in case of any future actuarial loss or actuarial gain.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In accordance with current legislation specific to the pension fund market, for the last 4 fiscal years (2022, 2023, 2024, and 2025), there was no need for CSN to make payments, as the defined benefit plans showed actuarial gains in the fiscal year.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN Cimentos Brasil S.A also sponsors the Mauá Prev. This is a variable contribution plan that was offered to employees until the company was acquired by the CSN Group. The following tables summarize the components of net periodic benefit cost recognized in the income statement for Mauá Prev, as well as the capitalization status and amounts that may be recognized in the balance sheet as of December 31, 2025, and 2024.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>32.a)<span style="font-family: Helvetica light,serif">Description</span></b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>of pension plans</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">35% of average salary plan</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">This plan began to be implemented on February 1, 1966, and is a defined benefit plan, for which the objective is to provide pension payments (length of service, special, disability or age payments) for life. These amounts are equivalent to <span id="xdx_901_eifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_iI_pip0_dp_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember_z2sIk5SEPj4f" title="Actuarial assumption of expected rates of salary increases">35</span>% of the adjusted average of participants’ last 12 monthly salary payments. The plan also guarantees the payment of sickness allowance to the participant licensed by the Official Pension Plan and guarantees the payment of cash, death allowance and pecuniary allowance. This plan was deactivated on October 31, 1977, when the average wage supplementation plan came into force</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Average salary supplementation plan</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">This plan began on November 1, 1977, and is a defined benefit plan. Its objective is to complement the difference between the adjusted average of the participant's last <span id="xdx_901_ecustom--ParticipantsSalaryTerm_dtM_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember_z0uY47FnQJjl" title="Participants salary term">12</span> salaries and the Official Social Security benefit for retirement, also on a lifetime basis. As in the 35% plan, there is coverage of sick pay, death and pension benefits. This plan was deactivated on December 26, 1995, with the creation of the mixed supplementary benefit plan.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Mixed Supplemental Benefit Plan</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Started on December 27, 1995, it is a variable contribution plan. In addition to the scheduled retirement benefit, risk benefits are provided (active pension, disability, and sick leave/accident aid). In this plan, the retirement benefit is calculated based on what was accumulated through monthly contributions from participants and sponsors, as well as each participant's choice for receiving the benefit, which can be lifelong (with or without continuity of death pension) or based on a percentage applied to the balance of the benefit-generating fund (indefinite term loss). After retirement is granted, the plan has the characteristic of a defined benefit plan, if the participant has chosen to receive their benefit in the form of a lifetime monthly income. This plan was deactivated on September 16, 2013, when the CBSPrev plan went into effect.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">CBS Prev Plan</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On September 16, 2013, the new CBS Prev pension plan began, which is a defined contribution plan. In this plan, the retirement benefit is determined based on what has been accumulated through monthly contributions from participants and sponsors. Options provided to each participant regarding the form in which amounts are received include: (a) receiving a portion in cash (up to 25%) and the remaining balance through monthly income based on a percentage applied to the benefit-generating fund, which is not applicable to pension benefits due to death, (b) receiving amounts</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">exclusively as monthly income based on a percentage applied to the benefit-generating fund. With the creation of the CBS Prev plan, the Mixed Supplementary Benefit Plan was deactivated for the entry of new participants starting September 16, 2013.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">Mauá Prev Plan</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Mauá Prev plan is offered by CSN Cimentos Brasil S.A. (previously named LafargeHolcim Brasil S.A.) acquired in 2022 and sponsors the Mauá Prev Retirement Plan to its employees. This is the plan that the company made available to all its employees in Brazil as of December 1, 2016. Until 2009, its predecessor, Lafarge Brasil S/A, sponsored two plans, a defined contribution plan and a defined benefit plan. On July 1, 2009, the plans were merged, resulting in only one variable contribution plan, safeguarding the acquired rights of those who had already completed the eligibility requirements of the defined benefit rules. Furthermore, the Company has registered in a collective agreement part of its plant’s commitments related to the bonus, due when the dismissal of the retired employee by Social Security. The following tables present the commitments related to this bonus, as well as the capitalization status and the amounts that can be recognized in the balance sheet.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">ACT Plan</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">CSN Cimentos Brasil (CIBR) has post-employment benefits linked to Collective Bargaining Agreements (ACT), which provides for the payment of multiple salaries, as well as compensation from the FGTS (Guarantee Fund for Length of Service) if the employee leaves the company due to retirement.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>32.b)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Investment policy</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The investment policy establishes principles and guidelines governing the investment of resources entrusted to the entity, aiming to promote the necessary security, liquidity, and profitability to ensure balance between plan assets and liabilities. This policy is based on the Asset Liability Management (ALM) study, which considers the benefits of participants and beneficiaries of each plan.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span id="xdx_90B_ecustom--DescriptionOfInvestmentPolicy_c20250101__20251231_zZtpsfRlhxt8" title="Description of investment policy">The investment plan is reviewed annually and approved by the Steering Council while considering a five-year horizon, as established by the Resolution from the Complementary Pension Management Council - CGPC No. 7, of December 2003. The investment limits and criteria established in the policy are based on Resolution No. 4.661/18, published by the National Monetary Council - CMN.</span></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><span title="Description of investment policy"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 3.45pt"></td><td style="width: 17.85pt"><b>32.c)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Benefits granted and to be granted under the Mixed Supplementary Benefit, ACT, and Health Plans</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The actuarial calculations are updated at the end of each fiscal year by external actuaries and presented in the financial statements in accordance with IAS 19 - Employee Benefits.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_893_ecustom--ScheduleOfActuarialEmployeeBenefitAssetsAndLiabilitiesTableTextBlock_pn3n3_zjCsAzFawVX" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details)"> <tr> <td style="vertical-align: middle"><span id="xdx_8B6_zUCzsk6x0dJg" style="display: none">Schedule of actuarial employee benefit asset and liabilities</span></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 52%"> </td> <td style="width: 12%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: bottom; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Actuarial asset</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Actuarial liabilities</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Benefits of pension plans </td> <td id="xdx_98E_ecustom--AssetsOfBenefitPlans_iI_pn3n3_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--BenefitsOfPensionPlansMember_zwlpZA3jtOR4" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Actuarial assets">(53,328)</td> <td style="vertical-align: bottom"> </td> <td id="xdx_989_ecustom--AssetsOfBenefitPlans_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--BenefitsOfPensionPlansMember_pn3n3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Actuarial assets">(47,708)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--LiabilityOfBenefitPlan_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--BenefitsOfPensionPlansMember_pn3n3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 23,255</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--LiabilityOfBenefitPlan_iI_pn3n3_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--BenefitsOfPensionPlansMember_zYrFb9Eot1ld" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 18,884</td></tr> <tr> <td style="vertical-align: middle">Post-employment healthcare benefits</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_ecustom--LiabilityOfBenefitPlan_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_pn3n3" style="vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 379,160</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--LiabilityOfBenefitPlan_iI_pn3n3_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zgW4u1Kxy90i" style="vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 454,162</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle"> </td> <td id="xdx_988_ecustom--AssetsOfBenefitPlans_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Actuarial assets"> (53,328)</td> <td style="vertical-align: bottom"> </td> <td id="xdx_987_ecustom--AssetsOfBenefitPlans_iI_pn3n3_c20241231_z81Sg4Opw9H5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Actuarial assets">(47,708)</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_ecustom--LiabilityOfBenefitPlan_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 402,415</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_ecustom--LiabilityOfBenefitPlan_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 473,046</td></tr> </table> <p id="xdx_8A4_zg3q9ihk6Vrd" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The reconciliation of assets and liabilities of employee benefits and the ACT is presented below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfReconciliationOfEmployeeBenefitsAssetsAndLiabilitiesTableTextBlock_pn3n3_z1KvIDFyeHE9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 1)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BC_zbGgfIrWDC0f" style="display: none">Schedule of reconciliation of employee benefits' assets and liabilities</span></td> <td id="xdx_495_20251231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zzcM8MfOu8zi" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_49C_20241231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zER9kv3InYa" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_494_20231231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zrxvyFFXQuq5" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 58%"> </td> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; text-align: left; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_40B_ecustom--PresentValueOfDefinedBenefitObligation_iI_pn3n3_zITIeIbFqpeb" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Present value of defined benefit obligation</td> <td style="padding-left: 15px; text-align: right">2,888,441</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">2,904,023</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">3,329,075</td></tr> <tr id="xdx_406_ecustom--PlanAssetsAtFairValue1_iI_pn3n3_zyjvafK5dQve"> <td style="vertical-align: middle">Fair value of plan assets</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> (3,526,884)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> (3,683,575)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> (3,713,099)</td></tr> <tr id="xdx_404_eifrs-full--SurplusDeficitInPlan_iI_pn3n3" style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Deficit(Surplus)</td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right">(638,443)</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right">(779,552)</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right">(384,024)</td></tr> <tr id="xdx_40C_ecustom--RestrictionToActuarialAssetsDueToRecoveryLimitation_iI_pn3n3_zahfn3q6L4ki" style="vertical-align: bottom"> <td>Restriction to actuarial assets due to recovery limitation</td> <td style="padding-left: 15px; text-align: right"> 608,370</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right"> 750,728</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right"> 367,265</td></tr> <tr id="xdx_40B_ecustom--AssetsOfBenefitPlans_iI_pn3n3_zRKXOGIfEGz9" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Liabilities (Assets), net</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (30,073)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(28,824)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(16,759)</td></tr> </table> <p id="xdx_8A4_z9eEtVYz1cU" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The change in the present value of the defined benefit obligation is shown below:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfChangesInPresentValueOfDefinedBenefitObligationTableTextBlock_pn3n3_zs10KFOIItGd" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 2)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BC_zZrSMqD7HyL1" style="display: none">Schedule of defined benefit obligation</span></td> <td id="xdx_497_20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zTKzmUDnTiU5" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_492_20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_z5ms87OHROHd" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_499_20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zlWDCtbkbi1f" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="padding-left: 15px; vertical-align: bottom; text-align: left; width: 58%"> </td> <td style="vertical-align: middle; text-align: center; width: 14%"> </td> <td style="vertical-align: middle; width: 1%"> </td> <td style="vertical-align: bottom; width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left; width: 1%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_404_eifrs-full--DefinedBenefitObligationAtPresentValue_iS_z4x7Uj4JZtnh" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Present value of obligations at the beginning of the year</td> <td style="font-weight: bold; text-align: right">2,904,023</td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right">3,329,075</td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right">3,117,307</td></tr> <tr id="xdx_40A_eifrs-full--CurrentServiceCostNetDefinedBenefitLiabilityAsset_zzLYk3Y2jTn2"> <td style="vertical-align: middle">Cost of service</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">1,244</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 1,509</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 1,152</td></tr> <tr id="xdx_40D_eifrs-full--InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_zLC5IucNBsS" style="background-color: #DCE6F1"> <td style="vertical-align: middle">Interest cost</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 345,681</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 298,872</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 347,297</td></tr> <tr id="xdx_405_eifrs-full--ContributionsToPlanNetDefinedBenefitLiabilityAsset_zsw8lstb8JIj"> <td style="vertical-align: middle">Participant contributions made in the year</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">1,178</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 1,348</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 1,404</td></tr> <tr id="xdx_406_eifrs-full--BenefitsPaidOrPayable_z2RpDXaULgX" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Benefits paid</td> <td style="padding-left: 15px; text-align: right">(343,403)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(334,094)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(324,750)</td></tr> <tr id="xdx_408_ecustom--ActuarialLossGain_z3g9YCdntBW2" style="vertical-align: bottom"> <td>Actuarial loss/(gain)</td> <td style="padding-left: 15px; text-align: right">(20,282)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(392,687)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 186,665</td></tr> <tr id="xdx_408_eifrs-full--DefinedBenefitObligationAtPresentValue_iE_zOzjcbcg3nTb" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Present value of obligations at the end of the year</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">2,888,441</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">2,904,023</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">3,329,075</td></tr> </table> <p id="xdx_8AA_zi9WYRfG5z4e" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Changes in the fair value of assets under the defined benefit plan are shown below:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_893_ecustom--ScheduleOfChangesInFairValueOfPlanAssetTableTextBlock_pn3n3_zM5FEZiUhJJ3" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 3)"> <tr> <td style="vertical-align: middle"><span id="xdx_8B5_zUJ1kelZHe74" style="display: none">Schedule of changes in fair value of the plan</span></td> <td id="xdx_49C_20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zzAMa00Qmwak" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_490_20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zUJl9UudPeN9" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_49D_20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zIyoZEynG28g" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="vertical-align: middle; width: 58%"> </td> <td style="vertical-align: middle; width: 14%"> </td> <td style="vertical-align: middle; width: 1%"> </td> <td style="vertical-align: bottom; width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left; width: 1%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_405_eifrs-full--PlanAssetsAtFairValue_iS_zKs3CVsC9Rv9" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Fair value of plan assets at the beginning of the year</td> <td style="font-weight: bold; text-align: right"> (3,683,575)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> (3,713,099)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> (3,572,869)</td></tr> <tr id="xdx_400_ecustom--InterestIncomeNetDefinedBenefitLiabilityAsset_zAxr6MD4LlR5"> <td style="vertical-align: middle">Interest income</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(444,752)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(335,322)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(401,054)</td></tr> <tr id="xdx_409_ecustom--BenefitsPaidOrPayables_zBFIxtQqBlji" style="background-color: #DCE6F1"> <td style="vertical-align: bottom">Benefits Paid</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 341,856</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 333,037</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 324,750</td></tr> <tr id="xdx_402_ecustom--ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAssets_zo2iTelVJELe"> <td style="vertical-align: bottom">Participant contributions made in the year</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> (1,178)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(1,348)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(1,404)</td></tr> <tr id="xdx_40B_ecustom--EmployerContributionsMadeInYear_zUDf4vYPnXO" style="background-color: #DCE6F1"> <td style="vertical-align: bottom">Employer contributions made in the year</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> (1,168)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(165)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(184)</td></tr> <tr id="xdx_401_eifrs-full--ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_zabR9s0Eahpe"> <td style="vertical-align: bottom">Return on plan assets (less interest income)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 261,933</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 33,322</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(62,338)</td></tr> <tr id="xdx_406_eifrs-full--PlanAssetsAtFairValue_iE_z4bhL1rai1p5" style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Fair value of plan assets at the end of the year</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> (3,526,884)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> (3,683,575)</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> (3,713,099)</td></tr> </table> <p id="xdx_8A3_zoSrsxm2BH57" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The composition of the amounts under established benefit plans and ACT area recognized in the income statement is shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfEmployeeBenefitsRecognizedInIncomeStatementTableTextBlock_pn3n3_zZxWtTLjgnF" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 4)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BF_zKyRm5ltAQZ" style="display: none">Schedule of employee benefits recognized income statement</span></td> <td id="xdx_490_20250101__20251231_zYWEY2tH4yO3" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_49D_20240101__20241231_zQN8DcX2HYZg" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_498_20230101__20231231_zDt4RNpAA5oc" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 58%"> </td> <td style="vertical-align: bottom; width: 14%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left; width: 1%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_402_eifrs-full--CurrentServiceCostNetDefinedBenefitLiabilityAsset_zpP8VSAEzP9a" style="vertical-align: middle; background-color: #DCE6F1"> <td>Cost of current service</td> <td style="text-align: right">1,244</td> <td style="text-align: right"> </td> <td style="text-align: right">1,509</td> <td style="text-align: right"> </td> <td style="text-align: right">1,152</td></tr> <tr id="xdx_407_eifrs-full--InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_zBOOi0E8W6yc"> <td style="vertical-align: middle">Interest cost</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 345,681</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 298,872</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 347,297</td></tr> <tr id="xdx_40C_ecustom--ExpectedReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_zm66FjyAWDKg" style="vertical-align: middle; background-color: #DCE6F1"> <td>Expected return on plan assets</td> <td style="padding-left: 15px; text-align: right">(444,752)</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right">(335,322)</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right">(401,054)</td></tr> <tr id="xdx_401_eifrs-full--GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling_i_pn3n3" style="vertical-align: middle"> <td>Interest on the asset ceiling effect</td> <td style="border-bottom: Black 0.5pt solid; text-align: right; background-color: white">95,231</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; background-color: white"> 34,663</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; background-color: white"> 50,076</td></tr> <tr id="xdx_405_ecustom--IncomeExpenseFromDefinedBenefitObligation_zPlwUJgzarf9" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Total costs / (income), net</td> <td style="border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt"> (2,596)</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(278)</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(2,529)</td></tr> </table> <p id="xdx_8AC_z9yQCcXeJQvd" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The (cost)/income is recognized in the income statement in other operating expenses.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The changes in actuarial gains and losses of defined benefit plans are shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfChangesInActuarialGainsAndLossesTableTextBlock_pn3n3_zKnt4JAGgde6" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 5)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B7_zRKyYu7iqys4" style="display: none">Schedule of actuarial gains and losses</span></td> <td id="xdx_49A_20250101__20251231_zGCV7YiiOyW" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_495_20240101__20241231_zyag24wgQbld" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49D_20230101__20231231_zxReoZbTzcib" style="text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 58%"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left; width: 14%"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left; width: 1%"> </td> <td style="vertical-align: bottom; width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left; width: 1%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_403_eifrs-full--GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_i_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td>Actuarial losses and (gains)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> (20,282)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right">(392,687)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> 186,665</td></tr> <tr id="xdx_404_eifrs-full--ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_i_pn3n3" style="vertical-align: middle"> <td>Return on plan assets (less interest income)</td> <td style="text-align: right"> 261,933</td> <td style="text-align: right"> </td> <td style="text-align: right"> 33,322</td> <td style="text-align: right"> </td> <td style="text-align: right">(62,338)</td></tr> <tr id="xdx_401_ecustom--ChangeInTheAssetsLimitExcludingInterestIncomeNetDefinedBenefitLiabilityAsset_zR2WvlGvXuAg" style="vertical-align: middle; background-color: #DCE6F1"> <td>Change in the asset’s limit (excluding interest income)</td> <td style="text-align: right">(237,589)</td> <td style="text-align: right"> </td> <td style="text-align: right"> 348,800</td> <td style="text-align: right"> </td> <td style="text-align: right">(109,355)</td></tr> <tr id="xdx_402_ecustom--TotalCostOfActuarialLossesAndGainsNetDefinedBenefitLiabilityAsset_zILzLO69Nq27" style="vertical-align: middle"> <td style="font-weight: bold">Total cost of actuarial losses and (gains)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">4,062</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(10,565)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 14,972</td></tr> </table> <p id="xdx_8A1_zWZXjoRlN3Mb" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The breakdown of actuarial gains and losses is shown below:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfBreakdownOfActuarialGainsOrLossesTableTextBlock_pn3n3_z1V3dFWNVV31" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 6)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8BE_z9GA2r0Qy8x1" style="display: none">Schedule of breakdown of actuarial gains and losses</span></td> <td id="xdx_494_20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zG9rcNPgfUgh" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_491_20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zHeWnSUSCDS3" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_498_20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zQYzJx1jy6Pl" style="vertical-align: middle; text-align: center"> </td></tr> <tr> <td style="vertical-align: middle; width: 58%"> </td> <td style="vertical-align: middle; text-align: right; width: 14%"> </td> <td style="vertical-align: middle; text-align: right; width: 1%"> </td> <td style="vertical-align: bottom; background-color: white; width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left; width: 1%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_401_ecustom--LossDueToChangeInDemographicAssumptions_zoxlen4LqSUi" style="background-color: #DCE6F1"> <td style="vertical-align: bottom">Loss due to change in financial assumptions </td> <td style="vertical-align: middle; text-align: right"> (27,989)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(448,752)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 194,988</td></tr> <tr id="xdx_40A_eifrs-full--ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_i_pn3n3"> <td style="vertical-align: bottom">Loss due to experience adjustments</td> <td style="vertical-align: middle; text-align: right">7,707</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 60,215</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(13,933)</td></tr> <tr id="xdx_40E_eifrs-full--ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset_i_pn3n3" style="background-color: #DCE6F1"> <td style="vertical-align: bottom">Loss due to changes in assumptions</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (4,150)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">5,610</td></tr> <tr id="xdx_406_ecustom--ReturnOnPlanAssetNetDefinedBenefitLiabilityAsset_z8NW3QH1sAC2"> <td style="vertical-align: bottom">Return on plan assets (less interest income)</td> <td style="vertical-align: middle; text-align: right"> 261,933</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 33,322</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(62,338)</td></tr> <tr id="xdx_409_ecustom--ChangeInTheAssetsLimitExcludingInterestIncomeNetDefinedBenefitLiabilityAsset_zxOaW2bx9XS6" style="background-color: #DCE6F1"> <td style="vertical-align: bottom">Change in the asset’s limit (excluding interest income)</td> <td style="vertical-align: middle; text-align: right">(237,589)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 348,800</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(109,355)</td></tr> <tr id="xdx_40A_eifrs-full--GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_z426mSUYgm8j" style="vertical-align: middle"> <td style="font-weight: bold">Actuarial losses and (gains)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right">4,062</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right">(10,565)</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right"> 14,972</td></tr> </table> <p id="xdx_8A2_zVnA4bTKR09a" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The main actuarial assumptions used were as follows:</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfActuarialAssumptionsUsedTableTextBlock_zByccnOeSMGg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 7)"> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"><span id="xdx_8B0_zm7dwq79auJl" style="display: none">Schedule of actuarial assumptions used</span></td> <td id="xdx_497_20250101__20251231_zBhko70xKLz6" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_49C_20240101__20241231_zlsqLjNqaWck" style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif; width: 19%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 39%">12/31/2025</td> <td style="font-family: Arial, sans-serif; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 41%">12/31/2024</td></tr> <tr id="xdx_404_ecustom--DescriptionOfActuarialFinancingMethod_zNlLQP6HOuH3" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Actuarial financing method</td> <td style="font-family: Arial, sans-serif; text-align: center">Projected unit credit</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center">Projected unit credit</td></tr> <tr id="xdx_409_eifrs-full--DescriptionOfFunctionalCurrency_i" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Functional currency</td> <td style="font-family: Arial, sans-serif; text-align: center">Real (R$)</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center">Real (R$)</td></tr> <tr id="xdx_40D_ecustom--RecognitionOfPlanAssets_zDjpw5N0WFj7" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Recognition of plan assets</td> <td style="font-family: Arial, sans-serif; text-align: center">Fair value</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center">Fair value</td></tr> <tr style="vertical-align: middle"> <td rowspan="4" style="font-family: Arial, sans-serif; text-align: left">Real discount rate</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Nominal discount rate">Millennium Plan: 7.30%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_907_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Nominal discount rate">Millennium Plan: 7.12%</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90F_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember_z3w7LRqDYRX9" title="Nominal discount rate">Plan 35%: 7.60%</span><br/></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_903_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember" title="Nominal discount rate">Plan 35%: 7.46%</span><br/></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_901_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="Nominal discount rate">Supplementation: 7.54%</span> </td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_907_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="Nominal discount rate">Supplementation: 7.43%</span> </td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_903_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Nominal discount rate">Mauá Prev: 7.39%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Nominal discount rate">Mauá Prev: 7.34%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Inflation rate</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_906_eifrs-full--ActuarialAssumptionOfExpectedRatesOfInflation_iI_pip0_dp_c20251231_zr6DdQv4TbZ4" title="Inflation rate">4.05</span>%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_900_eifrs-full--ActuarialAssumptionOfExpectedRatesOfInflation_iI_pip0_dp_c20241231_zvTQES5i9fN9" title="Inflation rate">4,96</span>%</td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Nominal salary increase rate</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_906_eifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_iI_pip0_dp_c20251231_zI7NGQrSXJch" title="Nominal salary increase rate">1.00</span>%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_908_eifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_iI_pip0_dp_c20241231_zpzouUaWZe98" title="Nominal salary increase rate">1.00</span>%</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Nominal benefit increase rate</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_901_eifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreases_iI_pip0_dp_c20251231_zZJA7h60yyJk" title="Nominal benefit increase rate">4.05</span>%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_903_eifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreases_iI_pip0_dp_c20241231_zalB5jqvwj6" title="Nominal benefit increase rate">4,96</span>%</td></tr> <tr style="vertical-align: middle"> <td rowspan="4" style="font-family: Arial, sans-serif; text-align: left">Rate of return on investments</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Rate of return on investments">Millennium Plan: 7.30%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90F_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Rate of return on investments">Millennium Plan: 7.12%</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_901_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember" title="Rate of return on investments">Plan 35%: 7.60%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember_zEmP1hm8H0Gb" title="Rate of return on investments">Plan 35%: 7.46%</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_904_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="Rate of return on investments">Supplementation : 7.54%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_906_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="Rate of return on investments">Supplementation : 7.43%</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_900_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Rate of return on investments">Mauá Prev: 7.39%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90D_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Rate of return on investments">Mauá Prev: 7.34%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td rowspan="4" style="font-family: Arial, sans-serif; text-align: left">General mortality table</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_901_ecustom--GeneralMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="General mortality table">Millennium Plan: AT-2012 segregated by gender</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_907_ecustom--GeneralMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="General mortality table">Millennium Plan: AT-2012 segregated by gender</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--GeneralMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember_zan1auS7Lyg9" title="General mortality table">Plans 35% : AT-2000 Male, aggravated by 15%</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_904_ecustom--GeneralMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember" title="General mortality table">Plans 35% : AT-2000 Male, aggravated by 15%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_908_ecustom--GeneralMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="General mortality table">Supplementation: AT-2000 segregated by gender, aggravated by 10%</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90A_ecustom--GeneralMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="General mortality table">Supplementation: AT-2000 segregated by gender, aggravated by 10%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_908_ecustom--GeneralMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="General mortality table">Mauá Prev: AT-2012 segregated by gender</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--GeneralMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="General mortality table">Mauá Prev: AT-2012 segregated by gender</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: left"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_907_ecustom--DisabilityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Disability table">Millennium Plan: Easy light</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--DisabilityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Disability table">Millennium Plan: Easy light</span></td></tr> <tr style="vertical-align: middle"> <td rowspan="3" style="font-family: Arial, sans-serif; text-align: left">Disability table</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_908_ecustom--DisabilityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember_zjZqtkdr2X5d" title="Disability table">Mauá Prev and ACT: ALVARO VINDAS (D50%)</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90B_ecustom--DisabilityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Disability table">Mauá Prev and ACT: ALVARO VINDAS (D50%)</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_906_ecustom--DisabilityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--OtherPlansMember" title="Disability table">Other Plans: Not applicable</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_904_ecustom--DisabilityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--OtherPlansMember" title="Disability table">Other Plans: Not applicable</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td rowspan="4" style="font-family: Arial, sans-serif; text-align: left">Disability mortality table</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--DisabilityMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Disability mortality table">Millennium Plan: AT 71</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_903_ecustom--DisabilityMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Disability mortality table">Millennium Plan: AT 71</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--DisabilityMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember" title="Disability mortality table">Plans 35%: MI-2006 - 10% M&amp;F</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90B_ecustom--DisabilityMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember" title="Disability mortality table">Plans 35%: MI-2006 - 10% M&amp;F</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90C_ecustom--DisabilityMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="Disability mortality table">Supplementation: Winklevoss - 10%</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_908_ecustom--DisabilityMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember_zlNFJXNxj7H3" title="Disability mortality table">Supplementation: Winklevoss - 10%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90A_ecustom--DisabilityMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Disability mortality table">Mauá Prev and ACT: IAPB-57</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--DisabilityMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Disability mortality table">Mauá Prev and ACT: IAPB-57</span></td></tr> <tr style="vertical-align: middle"> <td rowspan="3" style="font-family: Arial, sans-serif; text-align: left">Turnover table</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--TurnoverTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Turnover table">Millennium Plan 5% per year</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90B_ecustom--TurnoverTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Turnover table">Millennium Plan 5% per year</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_907_ecustom--TurnoverTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Turnover table">Maua Prev: MercerService</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--TurnoverTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Turnover table">Maua Prev: MercerService</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--TurnoverTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--OtherPlansMember_zFb5bqiw8d3h" title="Turnover table">Other Plans: Not applicable</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90E_ecustom--TurnoverTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--OtherPlansMember" title="Turnover table">Other Plans: Not applicable</span></td></tr> <tr id="xdx_405_ecustom--DescriptionOfRetirementAge_zhTwC0Oac0S7" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Retirement age</td> <td style="font-family: Arial, sans-serif; text-align: center"> 100% on the first date he/she becomes eligible for programmed retirement benefit under the plan </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"> 100% on the first date he/she becomes eligible for programmed retirement benefit under the plan </td></tr> <tr id="xdx_402_ecustom--DescriptionOfHouseholdOfActiveParticipants_zp0RhXkZQRje" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Household of active participants</td> <td style="font-family: Arial, sans-serif; text-align: center"> For the Mauá Prev and ACT Plans, 90% of participants are expected to be married at retirement, while this figure is 95% for other Plans. Female spouses are assumed to be 4 years younger than male participants. </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"> For the Mauá Prev and ACT Plans, 90% of participants are expected to be married at retirement, while this figure is 95% for other Plans. Female spouses are assumed to be 4 years younger than male participants. </td></tr> </table> <p id="xdx_8A7_zsEwEoyfXqz3" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The assumptions regarding the mortality table are based on published statistics and mortality tables. These tables translate into an average life expectancy in years of employees aged 65 years and 40 years:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfAverageLifeExpectancyTableTextBlock_zZpMCogwK8F4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 8)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom"><span id="xdx_8BC_zgLPMBZevx4g" style="display: none">Schedule of average expectancy</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Plan covering 35% of the average salary</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Average salary supplementation plan</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Mixed supplementary benefit plan (Milênio Plan) </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Plan ACT</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Mauá Prev</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; font-family: Arial, sans-serif; width: 36%">Longevity at age of 65 for current participants</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2024</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2024</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2024</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 6%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 6%">12/31/2024</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Male</td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> <span id="xdx_906_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember" title="Average life expectancy of employees (in years)">18.38</span></td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> <span id="xdx_907_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember_zBgmL8CI2wjd" title="Average life expectancy of employees (in years)">18.38</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy of employees (in years)">18.75</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_900_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy of employees (in years)">18.75</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90F_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember" title="Average life expectancy of employees (in years)">21.47</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90D_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember" title="Average life expectancy of employees (in years)">21.47</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_904_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy of employees (in years)">21.47</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_906_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy of employees (in years)">21.47</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90A_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy of employees (in years)">21.47</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_905_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy of employees (in years)">21.47</span></td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom">Female</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_90D_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember_z5eOkmnPuBgb" title="Average life expectancy in years of employees who are 65 (in years)">18.38</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_90F_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember_zuWLKYURbkod" title="Average life expectancy in years of employees who are 65 (in years)">18.38</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_90B_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember_zDRLva2IuFp4" title="Average life expectancy in years of employees who are 65 (in years)">21.41</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember_zRlpdAnN3kK6" title="Average life expectancy in years of employees who are 65 (in years)">21.41</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_907_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember_zdHSuF3mI9hf" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_907_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember_z1mLJIH5iqde" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_909_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember_zLfmrQn3IvJ3" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_900_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember_zpOdlM8StE48" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_90F_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember_zH56tFi86tLj" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_901_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember_zrn5mwFOwRD9" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; font-family: Arial, sans-serif">Longevity at age of 40 for current participants</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Male</td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_905_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember" title="Average life expectancy of employees (in years)">40.15</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90A_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember" title="Average life expectancy of employees (in years)">40.15</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_901_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy of employees (in years)">40.60</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_903_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy of employees (in years)">40.60</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember" title="Average life expectancy of employees (in years)">44.07</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember_z10UG4ws64we" title="Average life expectancy of employees (in years)">44.07</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_905_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy of employees (in years)">44.07</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90A_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy of employees (in years)">44.07</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_904_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy of employees (in years)">44.07</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_906_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy of employees (in years)">44.07</span></td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle">Female</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_907_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember" title="Average life expectancy in years of employees who are 40 (in years)">40.15</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_905_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember" title="Average life expectancy in years of employees who are 40 (in years)">40.15</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_905_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy in years of employees who are 40 (in years)">44.41</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_903_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy in years of employees who are 40 (in years)">44.41</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_906_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_901_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember_zrII5wj4Z227" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_90C_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_90D_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_90F_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td></tr> </table> <p id="xdx_8A8_zqcqVshBuaN7" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Allocation of defined benefit assets:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfAllocationOfPlanAssetTableTextBlock_pn3n3_zlkkmUAV6V7j" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 9)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle"><span id="xdx_8BC_zLCsv36vAU8b" style="display: none">Schedule of allocation defined benefit assets</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 26%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 12%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 12%">12/31/2024</td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 12%">12/31/2023</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Variable income</td> <td id="xdx_983_eifrs-full--PlanAssetsAtFairValue_c20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 291,676</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_904_ecustom--PlanAssetsPercentage_pip0_dp_c20250101__20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_zRhSZ8fLUco" title="Plan assets percentage">8.27</span>%</td> <td id="xdx_982_eifrs-full--PlanAssetsAtFairValue_c20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 358,124</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_901_ecustom--PlanAssetsPercentage_pip0_dp_c20240101__20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_zsIjcFeqQ07f" title="Plan assets percentage">9.72</span>%</td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--PlanAssetsAtFairValue_iI_pn3n3_c20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_zvdte0vjetE8" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 190,455</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_906_ecustom--PlanAssetsPercentage_pip0_dp_c20230101__20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_zWYBbSdRvjJb" title="Plan assets percentage">5.13</span>%</td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle">Fixed income</td> <td id="xdx_98E_eifrs-full--PlanAssetsAtFairValue_c20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets">2,786,582</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><span id="xdx_908_ecustom--PlanAssetsPercentage_pip0_dp_c20250101__20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_zkMSCcQCtOWk" title="Plan assets percentage">79.01</span>%</td> <td id="xdx_98F_eifrs-full--PlanAssetsAtFairValue_c20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets">2,916,385</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><span id="xdx_900_ecustom--PlanAssetsPercentage_pip0_dp_c20240101__20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_ziDLamAL4KW3" title="Plan assets percentage">79.17</span>%</td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--PlanAssetsAtFairValue_iI_pn3n3_c20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_zca25m66RKXe" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 3,143,056</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><span id="xdx_903_ecustom--PlanAssetsPercentage_pip0_dp_c20230101__20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_ze7AVSWcSclg" title="Plan assets percentage">84.65</span>%</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Real estate</td> <td id="xdx_98B_eifrs-full--PlanAssetsAtFairValue_c20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 266,080</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_909_ecustom--PlanAssetsPercentage_pip0_dp_c20250101__20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_zklULpGaSsQ6" title="Plan assets percentage">7.54</span>%</td> <td id="xdx_98A_eifrs-full--PlanAssetsAtFairValue_c20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 225,421</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_909_ecustom--PlanAssetsPercentage_pip0_dp_c20240101__20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_zJxfqu4gQ9d7" title="Plan assets percentage">6.12</span>%</td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--PlanAssetsAtFairValue_iI_pn3n3_c20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_zfhv7bpt8lkj" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 201,870</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--PlanAssetsPercentage_pip0_dp_c20230101__20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_zAmkf5qnHpH4" title="Plan assets percentage">5.44</span>%</td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle">Others</td> <td id="xdx_985_eifrs-full--PlanAssetsAtFairValue_c20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 182,546</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_900_ecustom--PlanAssetsPercentage_pip0_dp_c20250101__20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_zxcVtBptIi2h" title="Plan assets percentage">5.18</span>%</td> <td id="xdx_984_eifrs-full--PlanAssetsAtFairValue_c20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 183,645</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_909_ecustom--PlanAssetsPercentage_pip0_dp_c20240101__20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_zPU8udCmXMHc" title="Plan assets percentage">4.99</span>%</td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--PlanAssetsAtFairValue_iI_pn3n3_c20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_z8O2bVRQZYfl" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 177,718</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_903_ecustom--PlanAssetsPercentage_pip0_dp_c20230101__20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_zPfYNcK9h6ge" title="Plan assets percentage">4.78</span>%</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Total</td> <td id="xdx_985_eifrs-full--PlanAssetsAtFairValue_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets">3,526,884</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_90C_ecustom--PlanAssetsPercentage_pip0_dp_c20250101__20251231_zOtUCxBLsxif" title="Plan assets percentage">100.00</span>%</td> <td id="xdx_984_eifrs-full--PlanAssetsAtFairValue_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets">3,683,575</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_903_ecustom--PlanAssetsPercentage_pip0_dp_c20240101__20241231_zbjq2jFN69Il" title="Plan assets percentage">100.00</span>%</td> <td style="color: white; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--PlanAssetsAtFairValue_iI_pn3n3_c20231231_zcAO4IiT4cZc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 3,713,099</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><span id="xdx_90D_ecustom--PlanAssetsPercentage_pip0_dp_c20230101__20231231_zSMYhI2DUjEe" title="Plan assets percentage">100.00</span>%</td></tr> </table> <p id="xdx_8A0_z33zBegOJOx6" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Assets invested in variable income are mainly invested in CSN shares.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Fixed income assets are mainly composed of debentures and National Treasury Notes (“NTN-B”).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Real estate refers to buildings valued by a specialized asset valuation company. There are no assets in use by CSN and its subsidiaries.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 3.45pt"></td><td style="width: 17.85pt"><b>32.d)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Expected Contributions for the Following year and Expenses for the year</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">For the mixed supplementary benefit plan, the expense in 2025 was R$<span id="xdx_904_ecustom--SupplementaryBenefitPlanExpense_pn3n3_c20250101__20251231_zRgcrn08pbRe" title="Supplementary benefit plan expense">1,178</span> (R$ <span id="xdx_904_ecustom--SupplementaryBenefitPlanExpense_pn3n3_c20240101__20241231_zCMyiEpn2sca" title="Supplementary benefit plan expense">314</span> on December 31, 2024).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The supplementary mixed benefit plan, the expected contributions to the defined contribution tranche totaled R$<span id="xdx_90D_eifrs-full--EstimateOfContributionsExpectedToBePaidToPlan_pn3n3_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zOZSlW3NFdR5" title="Estimate of contributions expected to be paid to plan for next annual reporting period">20,175</span> and R$<span id="xdx_90F_eifrs-full--EstimateOfContributionsExpectedToBePaidToPlan_pn3n3_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zauHb4dtBN6g" title="Estimate of contributions expected to be paid to plan for next annual reporting period">1,096</span> for the defined benefit tranche (risk benefits), respectivel y, in 2026.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 3.45pt"></td><td style="width: 17.85pt"><b>32.e)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Sensitivity analysis</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The quantitative sensitivity analysis regarding the significant assumptions, for the pension plans as of December 31, 2024, is shown below:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfQuantitativeSensitivityAnalysisRegardingSignificantAssumptionsForPensionPlansTableTextBlock_zz2l6QvHFQGe" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 10)"> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left"><span id="xdx_8B6_zbgnfCKmXqng" style="display: none">Schedule of sensitive analysis</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif"> </td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Consolidated Effect of Plans</td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; width: 64%">Assumption: Discount rate</td> <td style="font-family: Arial, sans-serif; width: 2%"> </td> <td style="font-family: Arial, sans-serif; width: 15%"> </td> <td style="font-family: Arial, sans-serif; width: 17%"> </td> <td style="font-family: Arial, sans-serif; width: 2%"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_90D_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_zpjLCSYC66c4" title="Sensitivity level">0.5</span>%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_907_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_zax2RtpPzws1" title="Sensitivity level">-0.5</span>%</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_989_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_pn3n3_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_zTSf4z15EsOe" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations"> (11,114)</td> <td id="xdx_98C_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">11,842</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_987_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_z5wzxjjVmvHk" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (94,507)</td> <td id="xdx_988_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_zbSMUN5PdGel" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">100,779</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Assumption: Salary growth</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_908_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_z9XyQGKZI7m8" title="Sensitivity level">0.5</span>%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_908_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_z9Lk6dPhXWRb" title="Sensitivity level">-0.5</span>%</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_98B_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">21</td> <td id="xdx_988_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_pn3n3_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_zCJEGOVD6p2" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations"> (20)</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_980_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_zvVCWznLkcYc" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> 805</td> <td id="xdx_98E_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_z702C9nCrgj7" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (773)</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Assumption: Mortality table</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_90C_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_zfiu69Ptw4p2" title="Sensitivity level">0.5</span>%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_908_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_zfgUzcX1tXMh" title="Sensitivity level">-0.5</span>%</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_98C_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">1,636</td> <td id="xdx_98F_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">(1,636)</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_984_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_zArc75bnSHN2" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">13,894</td> <td id="xdx_983_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_zkfhxzxT9IFf" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (13,894)</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Assumption: Benefit adjustment</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_985_ecustom--SensitivityLevelYear_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember_zwUUKfgbT1nf" style="font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Sensitivity level, year">+1 ano</td> <td id="xdx_98C_ecustom--SensitivityLevelYear_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember" style="font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Sensitivity level, year">- 1 ano</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_988_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">8,129</td> <td id="xdx_98B_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">(8,030)</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_989_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember_zG7BCPfLfYEh" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">67,802</td> <td id="xdx_989_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember_z8fvGES1QZ38" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (66,944)</td> <td style="font-family: Arial, sans-serif"> </td></tr> </table> <p id="xdx_8A9_zIh7hTxIIdY1" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Following are the expected benefits for future years for defined benefit plans:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89C_ecustom--ScheduleOfForecastBenefitPaymentsOfDefinedBenefitPlansTableTextBlock_pn3n3_zGmfimBXgJec" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 11)"> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"><span id="xdx_8B0_zGLTTsdZ4C8h" style="display: none">Schedule of forecast benefit payments defined benefit plans</span></td> <td id="xdx_497_20251231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_z2JJbrkQR6I7" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_492_20241231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zRKaGqvp9Xc7" style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif; width: 52%">Forecast payments</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 21%">2025</td> <td style="font-family: Arial, sans-serif; text-align: right; width: 2%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 25%">2024</td></tr> <tr id="xdx_40D_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsNextTwelveMonths_iI_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 1</td> <td style="font-family: Arial, sans-serif; text-align: right">360,546</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 349,582</td></tr> <tr id="xdx_402_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearTwo_iI_pn3n3" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Year 2</td> <td style="font-family: Arial, sans-serif; text-align: right">332,116</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 325,518</td></tr> <tr id="xdx_405_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearThree_iI_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 3</td> <td style="font-family: Arial, sans-serif; text-align: right">322,471</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 316,201</td></tr> <tr id="xdx_40F_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearFour_iI_pn3n3"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Year 4</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">311,975</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> 306,861</td></tr> <tr id="xdx_40A_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearFive_iI_pn3n3_zZeYVOLBEMr7" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 5</td> <td style="font-family: Arial, sans-serif; text-align: right">301,430</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 296,668</td></tr> <tr id="xdx_404_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsFiveFiscalYearsThereafter_iI_pn3n3" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Next 5 years</td> <td style="font-family: Arial, sans-serif; text-align: right"> 1,331,249</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">1,323,196</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Total forecast payments</td> <td id="xdx_98E_ecustom--DefinedBenefitPlanForecastFutureBenefitPayment_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Defined benefit plan forecast future benefit payment"> 2,959,787</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_980_ecustom--DefinedBenefitPlanForecastFutureBenefitPayment_iI_pn3n3_c20241231_zJ8OMNrcHHD3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Defined benefit plan forecast future benefit payment">2,918,026</td></tr> </table> <p id="xdx_8A7_zboMmCoL94ib" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>32.f)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Post-Employment Health Plan </b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">It refers to the health plan created on December 1, 1996, exclusively to cover former retired employees, pensioners, amnesties, ex-combatants, widows of labor accident victims and retirees until March 20, 1997 and their respective legal dependents. Since then, the health plan has not allowed the inclusion of new beneficiaries. The Plan is sponsored by CSN.  </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The amounts recognized in the balance sheet were as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--ScheduleOfPostEmploymentHealthCarePlanAmountsTableTextBlock_pn3n3_z28Oeb2oLLrk" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 12)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom"><span id="xdx_8BB_zUQplM8CfAr6" style="display: none">Schedule of post employment health care plan amounts</span></td> <td id="xdx_493_20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zjruQv5ORfy1" style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td id="xdx_49E_20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zMgmacpXegie" style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_492_20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zDRhbKn2bZ96" style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 54%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2024</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2023</td></tr> <tr id="xdx_40F_eifrs-full--DefinedBenefitObligationAtPresentValue_iI_zhV2b88ts1Ge" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Present value of obligations</td> <td style="font-family: Arial, sans-serif; text-align: right"> 379,161</td> <td style="font-family: Arial, sans-serif; text-align: right"> 454,161</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 481,118</td></tr> <tr id="xdx_40B_ecustom--LiabilitiesOfBenefitPlan_iI_zlAiIuFb7yml" style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Liabilities</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 379,161</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 454,161</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 481,118</td></tr> </table> <p id="xdx_8AF_z2E3Y9BBuCdf" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The reconciliation of health benefit liabilities is as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfReconciliationOfHealthcareLiabilitiesTableTextBlock_pn3n3_zpBkCR6GraRh" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 13)"> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"><span id="xdx_8BD_zseqxUNjKXPl" style="display: none">Schedule of reconciliation of the healthcare liabilities</span></td> <td id="xdx_493_20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zLkDy7tnN9sl" style="font-family: Arial, sans-serif; text-align: center"> </td> <td id="xdx_494_20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zJLXz4F1NICf" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_490_20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zP8wMlHEIzA9" style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 54%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2024</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2023</td></tr> <tr id="xdx_406_ecustom--LiabilitiesOfBenefitPlan_iS_zC0KDanmaKdl" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Actuarial liability at the beginning of the year</td> <td style="font-family: Arial, sans-serif; text-align: right"> 454,161</td> <td style="font-family: Arial, sans-serif; text-align: right"> 481,118</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 537,290</td></tr> <tr id="xdx_408_ecustom--ExpensesRecognizedInIncomeNetDefinedBenefitLiability_zjrjDTkWiHa6" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Expenses recognized in income for the year</td> <td style="font-family: Arial, sans-serif; text-align: right">54,897</td> <td style="font-family: Arial, sans-serif; text-align: right">42,749</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right">58,737</td></tr> <tr id="xdx_403_ecustom--SponsorsContributionsTransferredInPriorYearNetDefinedBenefitLiability_zA0wsirLu5b2" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Sponsor’s contributions transferred in prior year</td> <td style="font-family: Arial, sans-serif; text-align: right"> (50,098)</td> <td style="font-family: Arial, sans-serif; text-align: right"> (51,884)</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> (51,788)</td></tr> <tr id="xdx_400_ecustom--RecognitionOfLossGainNetDefinedBenefitLiability_z5qSIqji9To5" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Recognition of actuarial loss/(gain) </td> <td style="font-family: Arial, sans-serif; text-align: right"> (79,799)</td> <td style="font-family: Arial, sans-serif; text-align: right"> (17,822)</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> (63,121)</td></tr> <tr id="xdx_40C_ecustom--LiabilitiesOfBenefitPlan_iE_zOfMP2kwx7t8" style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Actuarial liability at the end of the year </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> 379,161</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> 454,161</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> 481,118</td></tr> </table> <p id="xdx_8A1_z3OKksmaRgr9" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The actuarial gains and losses recognized in equity are as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfActuarialGainsAndLossesRecognizedInShareholdersEquityTableTextBlock_pn3n3_zkky0vdcgUV3" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 14)"> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif"><span id="xdx_8B6_zll8lrlS3Pz9" style="display: none">Schedule of actuarial gains and losses recognized in equity</span></td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 54%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2024</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2023</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Actuarial gain (loss) on obligation</td> <td id="xdx_982_eifrs-full--ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_pn3n3_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zo08RXxTxpc3" style="font-family: Arial, sans-serif; text-align: right" title="Acturial gain loss on obligation"> (79,799)</td> <td id="xdx_982_eifrs-full--ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_pn3n3_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zzlIezhkGnBj" style="font-family: Arial, sans-serif; text-align: right" title="Acturial gain loss on obligation"> (17,822)</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_98C_eifrs-full--ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_pn3n3_c20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zJoE8e7s91ej" style="font-family: Arial, sans-serif; text-align: right" title="Acturial gain loss on obligation"> (63,121)</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Gain/(loss) recognized in shareholders' equity </td> <td id="xdx_982_eifrs-full--GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_pn3n3_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zIm0YekfFAwk" style="font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Gain/(loss) recognized in shareholders' equity"> (79,799)</td> <td id="xdx_98C_eifrs-full--GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_pn3n3_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zZwCTuAnj6q5" style="font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Gain/(loss) recognized in shareholders' equity"> (17,822)</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_982_eifrs-full--GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_pn3n3_c20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zyxL6jnhd9t1" style="font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Gain/(loss) recognized in shareholders' equity"> (63,121)</td></tr> </table> <p id="xdx_8A2_zn84RlmxNK6g" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The following is the weighted average life expectancy based on the mortality table used to determine actuarial obligations:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfWeightedAverageLifeExpectancyTableTextBlock_zy3X3vchzq39" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 15)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle"><span id="xdx_8BF_zOHUiwXF13q3" style="display: none">Schedule of weighted average life</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 59%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 13%">12/31/2025</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 13%">12/31/2024</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 13%">12/31/2023</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Longevity at age of 65 for current participants</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td></tr> <tr style="background-color: white"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Male</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_90C_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__custom--ParticipantsAxis__custom--MaleMember_zsdZNyd7XZcc" title="Average life expectancy of employees (in years)">20.24</span></td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_90A_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__custom--ParticipantsAxis__custom--MaleMember_zzKoCZOvjPOa" title="Average life expectancy of employees (in years)">20.24</span></td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_904_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20230101__20231231__custom--ParticipantsAxis__custom--MaleMember_zgV72vAJLLF1" title="Average life expectancy of employees (in years)">20.24</span></td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Female</td> <td id="xdx_98A_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__custom--ParticipantsAxis__custom--FemaleMember_zCbh4XEmifRj" style="font-family: Arial, sans-serif; text-align: right" title="Average life expectancy of employees (in years)">20.24</td> <td style="font: 10pt Arial"> </td> <td id="xdx_985_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__custom--ParticipantsAxis__custom--FemaleMember_z7SzstJkhbD2" style="font-family: Arial, sans-serif; text-align: right" title="Average life expectancy of employees (in years)">20.24</td> <td style="font: 10pt Arial"> </td> <td id="xdx_981_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20230101__20231231__custom--ParticipantsAxis__custom--FemaleMember_zqfxTorNBvXf" style="font-family: Arial, sans-serif; text-align: right" title="Average life expectancy of employees (in years)">20.24</td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif">Longevity at age of 40 for current participants</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font: 10pt Arial"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font: 10pt Arial"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr style="background-color: white"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Male</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_901_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20250101__20251231__custom--ParticipantsAxis__custom--MaleMember_zECxJXpwVLLg" title="Average life expectancy of employees (in years)">42.74</span></td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20240101__20241231__custom--ParticipantsAxis__custom--MaleMember_zhEmARD5oJz1" title="Average life expectancy of employees (in years)">42.74</span></td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20230101__20231231__custom--ParticipantsAxis__custom--MaleMember_z4D5xTMJroE4" title="Average life expectancy of employees (in years)">42.74</span></td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Female</td> <td style="font-family: Arial, sans-serif; text-align: right"><span id="xdx_900_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20250101__20251231__custom--ParticipantsAxis__custom--FemaleMember_zjm6LvJmmCE2" title="Average life expectancy of employees (in years)">42.74</span></td> <td style="font: 10pt Arial"> </td> <td style="font-family: Arial, sans-serif; text-align: right"><span id="xdx_900_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20240101__20241231__custom--ParticipantsAxis__custom--FemaleMember_zJB0q5fydqjb" title="Average life expectancy of employees (in years)">42.74</span></td> <td style="font: 10pt Arial"> </td> <td style="font-family: Arial, sans-serif; text-align: right"><span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20230101__20231231__custom--ParticipantsAxis__custom--FemaleMember_zXSgJlkpC7A7" title="Average life expectancy of employees (in years)">42.74</span></td></tr> </table> <p id="xdx_8AB_zBBKap1URrpk" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Below is the weighted average life expectancy based on the mortality table used to determine actuarial obligations:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfActuarialAssumptionsUsedForCalculatingPostEmploymentHealthcareBenefitsTableTextBlock_z5RON9nZ6tM9" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 16)"> <tr style="vertical-align: middle; background-color: white"> <td><span id="xdx_8BC_zPlPCA8mI6x4" style="display: none">Schedule of actuarial assumptions used for calculating postemployment healthcare benefits</span></td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom; background-color: white; width: 34%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 21%">12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom; background-color: white; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 21%">12/31/2024</td> <td style="font-weight: bold; vertical-align: bottom; background-color: white; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 22%">12/31/2023</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Biometric and Demographic</td> <td style="color: red"> </td> <td style="font-weight: bold"> </td> <td style="color: red"> </td> <td style="font-weight: bold"> </td> <td style="color: red"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td>General mortality table</td> <td style="text-align: right"><span id="xdx_907_ecustom--GeneralMortalityTableDescription_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember" title="General mortality table">AT 2000 separated by gender 20%</span></td> <td> </td> <td style="text-align: right"><span id="xdx_901_ecustom--GeneralMortalityTableDescription_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember" title="General mortality table">AT 2000 separated by gender 20%</span></td> <td> </td> <td style="text-align: center"><span id="xdx_903_ecustom--GeneralMortalityTableDescription_c20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember" title="General mortality table">AT 2000 segregated by gender 20%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Financial</td> <td style="color: red; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="color: red; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="color: red; font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td>Actuarial nominal discount rate</td> <td style="text-align: right"><span id="xdx_90A_eifrs-full--ActuarialAssumptionOfDiscountRates_iI_pip0_dp_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zjgKe2PXe8Ud" title="Actuarial assumption of discount rate">11.96</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_902_eifrs-full--ActuarialAssumptionOfDiscountRates_iI_pip0_dp_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zpkFSs2wvwoj" title="Actuarial assumption of discount rate">13.01</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_903_eifrs-full--ActuarialAssumptionOfDiscountRates_iI_pip0_dp_c20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zZeeKEDqkrQ6" title="Actuarial assumption of discount rate">5.33</span>%</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Inflation</td> <td style="text-align: right"><span id="xdx_90B_eifrs-full--ActuarialAssumptionOfExpectedRatesOfInflation_iI_pip0_dp_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zU7pnhjdTt34" title="Inflation">4.05</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_90C_eifrs-full--ActuarialAssumptionOfExpectedRatesOfInflation_iI_pip0_dp_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zM8ck8CioLj4" title="Inflation">4.96</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_90D_eifrs-full--ActuarialAssumptionOfExpectedRatesOfInflation_iI_pip0_dp_c20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zWKx5RrPZPB2" title="Inflation">3.90</span>%</td></tr> <tr style="vertical-align: middle; background-color: white"> <td>Real increase in medical costs based on age (Aging Factor) </td> <td id="xdx_98F_ecustom--RealIncreaseInMedicalCostsBasedOnAgeAgingFactor_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember" style="text-align: right" title="Real increase in medical costs based on age (Aging Factor)">0.5% - 3.00% real p.a.</td> <td style="color: red"> </td> <td style="text-align: right"><span id="xdx_905_ecustom--RealIncreaseInMedicalCostsBasedOnAgeAgingFactor_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember" title="Real increase in medical costs based on age (Aging Factor)">0.5% - 3.00% real p.a.</span></td> <td> </td> <td style="text-align: right"><span id="xdx_908_ecustom--RealIncreaseInMedicalCostsBasedOnAgeAgingFactor_c20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zmAU9UKJ9J04" title="Real increase in medical costs based on age (Aging Factor)">0.5% - 3.00% real p.a.</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Nominal increase medical costs growth rate </td> <td style="text-align: right"><span id="xdx_904_eifrs-full--ActuarialAssumptionOfMedicalCostTrendRates_iI_pip0_dp_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zXQ61DOGSZ84" title="Nominal increase medical costs growth rate">4.10</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_90A_eifrs-full--ActuarialAssumptionOfMedicalCostTrendRates_iI_pip0_dp_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zJOR1Wzwlyqf" title="Nominal increase medical costs growth rate">4.10</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_903_eifrs-full--ActuarialAssumptionOfMedicalCostTrendRates_iI_pip0_dp_c20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zpU35rIzlA1c" title="Nominal increase medical costs growth rate">4.10</span>%</td></tr> <tr style="vertical-align: middle; background-color: white"> <td>Average medical cost (Claim cost)</td> <td style="text-align: right"> <span id="xdx_90C_ecustom--AverageMedicalCost_pip0_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zEaP0IKZG2ub" title="Average medical cost (Claim cost)">1,388.26</span></td> <td> </td> <td style="text-align: right"> <span id="xdx_903_ecustom--AverageMedicalCost_pip0_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zxdq9MHRci51" title="Average medical cost (Claim cost)">1,320.89</span> </td> <td> </td> <td style="text-align: right"> <span id="xdx_90A_ecustom--AverageMedicalCost_pip0_c20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zucNKKeLB3nk" title="Average medical cost (Claim cost)">1,204.48</span> </td></tr> </table> <p id="xdx_8AA_ztbufIuhYAk5" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>32.g)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Sensitivity analysis</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The quantitative sensitivity analysis for significant assumptions for the post-employment health plans as of December 31, 2025, is as follows:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfQuantitativeSensitivityAnalysisRegardingSignificantAssumptionsForPostEmploymentHealthcarePlansTableTextBlock_zA7btZlNvOKg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 17)"> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left"><span id="xdx_8B2_z9jPhRSZuREf" style="display: none">Schedule of quantitative sensitivity analysis for significant assumptions</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif; width: 63%"> </td> <td style="font-family: Arial, sans-serif; width: 1%"> </td> <td style="font-family: Arial, sans-serif; width: 18%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 18%">12/31/2025</td></tr> <tr> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Healthcare Plan</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Assumption: Discount rate</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_909_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zpukFyJCNfz1" title="Sensitivity level">0.5</span>%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_909_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zKi3RLiIllj7" title="Sensitivity level">-0.5</span>%</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_986_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_pn3n3_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zRD0zUSaHwbl" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">510,034</td> <td id="xdx_983_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">(540,863)</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_982_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pdd" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (10,629,052)</td> <td id="xdx_98D_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pdd" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">11,323,696</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="2" style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Assumption: Medical Inflation</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_908_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zs0xjTZGEznb" title="Sensitivity level">1.0</span>%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_904_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zqCkchjLcSe1" title="Sensitivity level">-1.0</span>%</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_985_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">3,102,518</td> <td id="xdx_98F_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations"> (2,773,758)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_98F_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pdd" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">25,945,554</td> <td id="xdx_988_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zC4Pv8mEgEn2" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (23,196,224)</td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="2" style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Assumption: Benefit adjustment</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--SensitivityLevelYear_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zQRUyvU9bOWb" title="Sensitivity level, year">+1 year</span></td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--SensitivityLevelYear_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember" title="Sensitivity level, year">- 1 year</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_98C_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_pn3n3_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zbhReQi2GgLc" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations"> (2,257,050)</td> <td id="xdx_989_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">2,340,830</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_981_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zFf5xl6v7vBc" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (18,875,130)</td> <td id="xdx_98A_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pdd" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">19,575,759</td></tr> </table> <p id="xdx_8AB_z0n0ZfWG8Wl9" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Following are the expected benefits for future years of the post-employment health plans:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfForecastBenefitPaymentsOfPostEmploymentHealthcarePlansTableTextBlock_zUV2OjTL44E9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 18)"> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"><span id="xdx_8B0_zOPV3uq3RNR1" style="display: none">Schedule of forecast benefit payments of the postemployment healthcare plans</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_49E_20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zWUQI6sc7zMl" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_490_20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zM2YnJCYe0Y8" style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif; width: 42%">Forecast benefit payments</td> <td style="font-family: Arial, sans-serif; text-align: right; width: 19%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 19%">12/31/2025</td> <td style="font-family: Arial, sans-serif; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 19%">12/31/2024</td></tr> <tr id="xdx_409_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsNextTwelveMonths_iI_pn3n3_zmqD7AR1Dodk" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 1</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">55,486</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 66,468</td></tr> <tr id="xdx_402_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearTwo_iI_pn3n3_z1Yc5o5KLZJd" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Year 2</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">52,333</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 62,452</td></tr> <tr id="xdx_401_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearThree_iI_pn3n3_zWDRPsjDn8c5" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 3</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">49,160</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 58,572</td></tr> <tr id="xdx_40E_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearFour_iI_pn3n3_zsdOqnV9kvx2"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Year 4</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">45,963</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> 54,760</td></tr> <tr id="xdx_408_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearFive_iI_pn3n3_zLEWcI2tS99g" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 5</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">42,760</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 51,020</td></tr> <tr id="xdx_40C_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsFiveFiscalYearsThereafter_iI_pn3n3_zGeO7DfR7Eu7" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Next 5 years</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 167,691</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 202,310</td></tr> <tr id="xdx_402_ecustom--DefinedBenefitPlanForecastFutureBenefitPayments_iI_pn3n3_z4YRZvrraHba" style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Total forecast payments</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> 413,393</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> 495,582</td></tr> </table> <p id="xdx_8A0_zmkbgDxAG6ab" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Helvetica light,serif; margin: 0; text-align: justify"><b>Accounting Policy</b></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: #DCE6F1 2.25pt solid; font: 10pt Arial,sans-serif; width: 100%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; layout-grid-mode: line"><span style="font-family: Helvetica light,serif"><b> </b></span></td></tr> </table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Long-term employee benefits</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">A defined contribution plan is a post-employment benefit plan in which the Company pays contributions to CBS. Obligations for contributions to defined contribution pension plans are recognized as employee benefit expenses in the income statement during the periods in which services are provided by employees. In this modality, the Company will have no legal or constructive obligation to pay additional amounts, as the risks fall on the employees.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">For the defined benefit plan, the obligations are valued annually by independent actuaries using the unit credit method, with assumptions including biometric, demographic, financial and economic hypotheses. The discount rate is applied to set the present value of benefit obligations defined, the fair value of the assets is also determined. The amount recognized in the Company's balance sheet is the net of obligations after the discount rate less the fair value of assets.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">When the calculation results in a benefit for the Company, the asset to be recognized is limited to the total of any unrecognized past service costs and the present value of economic benefits available in the form of future plan refunds or reduction in future plan contributions. Actuarial gains and losses resulting from defined benefit plans immediately in other comprehensive income. In the event of termination of the plan, the accumulated actuarial gains and losses are recorded in the income statement.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>Short-term employee benefits</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Payments of benefits such as salary or vacation, as well as the respective labor charges levied on these benefits are recognized monthly in the income statement, respecting the accrual basis.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Employee profit sharing and executive variable compensation are linked to the achievement of operational and financial targets. The Company recognizes a liability and an expense substantially when these targets are achieved, allocating them to the production cost or operational expenses.</p> 6772052 6772052 6600000000 6500000000 0.35 P12M The investment plan is reviewed annually and approved by the Steering Council while considering a five-year horizon, as established by the Resolution from the Complementary Pension Management Council - CGPC No. 7, of December 2003. The investment limits and criteria established in the policy are based on Resolution No. 4.661/18, published by the National Monetary Council - CMN. <table border="0" cellpadding="0" cellspacing="0" id="xdx_893_ecustom--ScheduleOfActuarialEmployeeBenefitAssetsAndLiabilitiesTableTextBlock_pn3n3_zjCsAzFawVX" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details)"> <tr> <td style="vertical-align: middle"><span id="xdx_8B6_zUCzsk6x0dJg" style="display: none">Schedule of actuarial employee benefit asset and liabilities</span></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 52%"> </td> <td style="width: 12%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 11%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: bottom; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2025</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">12/31/2024</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Actuarial asset</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Actuarial liabilities</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle">Benefits of pension plans </td> <td id="xdx_98E_ecustom--AssetsOfBenefitPlans_iI_pn3n3_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--BenefitsOfPensionPlansMember_zwlpZA3jtOR4" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Actuarial assets">(53,328)</td> <td style="vertical-align: bottom"> </td> <td id="xdx_989_ecustom--AssetsOfBenefitPlans_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--BenefitsOfPensionPlansMember_pn3n3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Actuarial assets">(47,708)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_983_ecustom--LiabilityOfBenefitPlan_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--BenefitsOfPensionPlansMember_pn3n3" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 23,255</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_98E_ecustom--LiabilityOfBenefitPlan_iI_pn3n3_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--BenefitsOfPensionPlansMember_zYrFb9Eot1ld" style="padding-left: 15px; vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 18,884</td></tr> <tr> <td style="vertical-align: middle">Post-employment healthcare benefits</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; background-color: white"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_982_ecustom--LiabilityOfBenefitPlan_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_pn3n3" style="vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 379,160</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--LiabilityOfBenefitPlan_iI_pn3n3_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zgW4u1Kxy90i" style="vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 454,162</td></tr> <tr style="background-color: #DCE6F1"> <td style="vertical-align: middle"> </td> <td id="xdx_988_ecustom--AssetsOfBenefitPlans_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Actuarial assets"> (53,328)</td> <td style="vertical-align: bottom"> </td> <td id="xdx_987_ecustom--AssetsOfBenefitPlans_iI_pn3n3_c20241231_z81Sg4Opw9H5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Actuarial assets">(47,708)</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_989_ecustom--LiabilityOfBenefitPlan_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 402,415</td> <td style="font-weight: bold; vertical-align: bottom; text-align: right"> </td> <td id="xdx_98A_ecustom--LiabilityOfBenefitPlan_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: bottom; text-align: right" title="Actuarial liabilities"> 473,046</td></tr> </table> -53328000 -47708000 23255000 18884000 379160000 454162000 -53328000 -47708000 402415000 473046000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfReconciliationOfEmployeeBenefitsAssetsAndLiabilitiesTableTextBlock_pn3n3_z1KvIDFyeHE9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 1)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BC_zbGgfIrWDC0f" style="display: none">Schedule of reconciliation of employee benefits' assets and liabilities</span></td> <td id="xdx_495_20251231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zzcM8MfOu8zi" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_49C_20241231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zER9kv3InYa" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_494_20231231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zrxvyFFXQuq5" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 58%"> </td> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; text-align: left; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_40B_ecustom--PresentValueOfDefinedBenefitObligation_iI_pn3n3_zITIeIbFqpeb" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Present value of defined benefit obligation</td> <td style="padding-left: 15px; text-align: right">2,888,441</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">2,904,023</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">3,329,075</td></tr> <tr id="xdx_406_ecustom--PlanAssetsAtFairValue1_iI_pn3n3_zyjvafK5dQve"> <td style="vertical-align: middle">Fair value of plan assets</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> (3,526,884)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> (3,683,575)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> (3,713,099)</td></tr> <tr id="xdx_404_eifrs-full--SurplusDeficitInPlan_iI_pn3n3" style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Deficit(Surplus)</td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right">(638,443)</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right">(779,552)</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: right">(384,024)</td></tr> <tr id="xdx_40C_ecustom--RestrictionToActuarialAssetsDueToRecoveryLimitation_iI_pn3n3_zahfn3q6L4ki" style="vertical-align: bottom"> <td>Restriction to actuarial assets due to recovery limitation</td> <td style="padding-left: 15px; text-align: right"> 608,370</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right"> 750,728</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right"> 367,265</td></tr> <tr id="xdx_40B_ecustom--AssetsOfBenefitPlans_iI_pn3n3_zRKXOGIfEGz9" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Liabilities (Assets), net</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (30,073)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(28,824)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(16,759)</td></tr> </table> 2888441000 2904023000 3329075000 -3526884000 -3683575000 -3713099000 -638443000 -779552000 -384024000 608370000 750728000 367265000 -30073000 -28824000 -16759000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfChangesInPresentValueOfDefinedBenefitObligationTableTextBlock_pn3n3_zs10KFOIItGd" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 2)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BC_zZrSMqD7HyL1" style="display: none">Schedule of defined benefit obligation</span></td> <td id="xdx_497_20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zTKzmUDnTiU5" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_492_20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_z5ms87OHROHd" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_499_20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zlWDCtbkbi1f" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="padding-left: 15px; vertical-align: bottom; text-align: left; width: 58%"> </td> <td style="vertical-align: middle; text-align: center; width: 14%"> </td> <td style="vertical-align: middle; width: 1%"> </td> <td style="vertical-align: bottom; width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left; width: 1%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_404_eifrs-full--DefinedBenefitObligationAtPresentValue_iS_z4x7Uj4JZtnh" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Present value of obligations at the beginning of the year</td> <td style="font-weight: bold; text-align: right">2,904,023</td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right">3,329,075</td> <td style="text-align: right"> </td> <td style="font-weight: bold; text-align: right">3,117,307</td></tr> <tr id="xdx_40A_eifrs-full--CurrentServiceCostNetDefinedBenefitLiabilityAsset_zzLYk3Y2jTn2"> <td style="vertical-align: middle">Cost of service</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">1,244</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 1,509</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 1,152</td></tr> <tr id="xdx_40D_eifrs-full--InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_zLC5IucNBsS" style="background-color: #DCE6F1"> <td style="vertical-align: middle">Interest cost</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 345,681</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 298,872</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 347,297</td></tr> <tr id="xdx_405_eifrs-full--ContributionsToPlanNetDefinedBenefitLiabilityAsset_zsw8lstb8JIj"> <td style="vertical-align: middle">Participant contributions made in the year</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">1,178</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 1,348</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 1,404</td></tr> <tr id="xdx_406_eifrs-full--BenefitsPaidOrPayable_z2RpDXaULgX" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Benefits paid</td> <td style="padding-left: 15px; text-align: right">(343,403)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(334,094)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(324,750)</td></tr> <tr id="xdx_408_ecustom--ActuarialLossGain_z3g9YCdntBW2" style="vertical-align: bottom"> <td>Actuarial loss/(gain)</td> <td style="padding-left: 15px; text-align: right">(20,282)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right">(392,687)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: right"> 186,665</td></tr> <tr id="xdx_408_eifrs-full--DefinedBenefitObligationAtPresentValue_iE_zOzjcbcg3nTb" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Present value of obligations at the end of the year</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">2,888,441</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">2,904,023</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">3,329,075</td></tr> </table> 2904023000 3329075000 3117307000 1244000 1509000 1152000 345681000 298872000 347297000 1178000 1348000 1404000 -343403000 -334094000 -324750000 -20282000 -392687000 186665000 2888441000 2904023000 3329075000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_893_ecustom--ScheduleOfChangesInFairValueOfPlanAssetTableTextBlock_pn3n3_zM5FEZiUhJJ3" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 3)"> <tr> <td style="vertical-align: middle"><span id="xdx_8B5_zUJ1kelZHe74" style="display: none">Schedule of changes in fair value of the plan</span></td> <td id="xdx_49C_20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zzAMa00Qmwak" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_490_20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zUJl9UudPeN9" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_49D_20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zIyoZEynG28g" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="vertical-align: middle; width: 58%"> </td> <td style="vertical-align: middle; width: 14%"> </td> <td style="vertical-align: middle; width: 1%"> </td> <td style="vertical-align: bottom; width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left; width: 1%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_405_eifrs-full--PlanAssetsAtFairValue_iS_zKs3CVsC9Rv9" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Fair value of plan assets at the beginning of the year</td> <td style="font-weight: bold; text-align: right"> (3,683,575)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> (3,713,099)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> (3,572,869)</td></tr> <tr id="xdx_400_ecustom--InterestIncomeNetDefinedBenefitLiabilityAsset_zAxr6MD4LlR5"> <td style="vertical-align: middle">Interest income</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(444,752)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(335,322)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(401,054)</td></tr> <tr id="xdx_409_ecustom--BenefitsPaidOrPayables_zBFIxtQqBlji" style="background-color: #DCE6F1"> <td style="vertical-align: bottom">Benefits Paid</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 341,856</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 333,037</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 324,750</td></tr> <tr id="xdx_402_ecustom--ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAssets_zo2iTelVJELe"> <td style="vertical-align: bottom">Participant contributions made in the year</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> (1,178)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(1,348)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(1,404)</td></tr> <tr id="xdx_40B_ecustom--EmployerContributionsMadeInYear_zUDf4vYPnXO" style="background-color: #DCE6F1"> <td style="vertical-align: bottom">Employer contributions made in the year</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> (1,168)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(165)</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(184)</td></tr> <tr id="xdx_401_eifrs-full--ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_zabR9s0Eahpe"> <td style="vertical-align: bottom">Return on plan assets (less interest income)</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 261,933</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 33,322</td> <td style="padding-left: 15px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right">(62,338)</td></tr> <tr id="xdx_406_eifrs-full--PlanAssetsAtFairValue_iE_z4bhL1rai1p5" style="background-color: #DCE6F1"> <td style="font-weight: bold; vertical-align: middle">Fair value of plan assets at the end of the year</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> (3,526,884)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> (3,683,575)</td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> (3,713,099)</td></tr> </table> -3683575000 -3713099000 -3572869000 -444752000 -335322000 -401054000 341856000 333037000 324750000 -1178000 -1348000 -1404000 -1168000 -165000 -184000 261933000 33322000 -62338000 -3526884000 -3683575000 -3713099000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfEmployeeBenefitsRecognizedInIncomeStatementTableTextBlock_pn3n3_zZxWtTLjgnF" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 4)"> <tr> <td style="vertical-align: middle"><span id="xdx_8BF_zKyRm5ltAQZ" style="display: none">Schedule of employee benefits recognized income statement</span></td> <td id="xdx_490_20250101__20251231_zYWEY2tH4yO3" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_49D_20240101__20241231_zQN8DcX2HYZg" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td id="xdx_498_20230101__20231231_zDt4RNpAA5oc" style="padding-left: 15px; vertical-align: bottom; text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 58%"> </td> <td style="vertical-align: bottom; width: 14%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left; width: 1%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_402_eifrs-full--CurrentServiceCostNetDefinedBenefitLiabilityAsset_zpP8VSAEzP9a" style="vertical-align: middle; background-color: #DCE6F1"> <td>Cost of current service</td> <td style="text-align: right">1,244</td> <td style="text-align: right"> </td> <td style="text-align: right">1,509</td> <td style="text-align: right"> </td> <td style="text-align: right">1,152</td></tr> <tr id="xdx_407_eifrs-full--InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_zBOOi0E8W6yc"> <td style="vertical-align: middle">Interest cost</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 345,681</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 298,872</td> <td style="padding-left: 15px; vertical-align: bottom; text-align: left"> </td> <td style="padding-left: 15px; vertical-align: bottom; text-align: right"> 347,297</td></tr> <tr id="xdx_40C_ecustom--ExpectedReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_zm66FjyAWDKg" style="vertical-align: middle; background-color: #DCE6F1"> <td>Expected return on plan assets</td> <td style="padding-left: 15px; text-align: right">(444,752)</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right">(335,322)</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="padding-left: 15px; text-align: right">(401,054)</td></tr> <tr id="xdx_401_eifrs-full--GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling_i_pn3n3" style="vertical-align: middle"> <td>Interest on the asset ceiling effect</td> <td style="border-bottom: Black 0.5pt solid; text-align: right; background-color: white">95,231</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; background-color: white"> 34,663</td> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right; background-color: white"> 50,076</td></tr> <tr id="xdx_405_ecustom--IncomeExpenseFromDefinedBenefitObligation_zPlwUJgzarf9" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Total costs / (income), net</td> <td style="border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt"> (2,596)</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(278)</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(2,529)</td></tr> </table> 1244000 1509000 1152000 345681000 298872000 347297000 -444752000 -335322000 -401054000 95231000 34663000 50076000 -2596000 -278000 -2529000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfChangesInActuarialGainsAndLossesTableTextBlock_pn3n3_zKnt4JAGgde6" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 5)"> <tr style="vertical-align: middle"> <td><span id="xdx_8B7_zRKyYu7iqys4" style="display: none">Schedule of actuarial gains and losses</span></td> <td id="xdx_49A_20250101__20251231_zGCV7YiiOyW" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_495_20240101__20241231_zyag24wgQbld" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49D_20230101__20231231_zxReoZbTzcib" style="text-align: center"> </td></tr> <tr> <td style="vertical-align: bottom; width: 58%"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left; width: 14%"> </td> <td style="padding-left: 15px; vertical-align: middle; text-align: left; width: 1%"> </td> <td style="vertical-align: bottom; width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left; width: 1%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_403_eifrs-full--GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_i_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td>Actuarial losses and (gains)</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> (20,282)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right">(392,687)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; font-weight: bold; text-align: right"> 186,665</td></tr> <tr id="xdx_404_eifrs-full--ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_i_pn3n3" style="vertical-align: middle"> <td>Return on plan assets (less interest income)</td> <td style="text-align: right"> 261,933</td> <td style="text-align: right"> </td> <td style="text-align: right"> 33,322</td> <td style="text-align: right"> </td> <td style="text-align: right">(62,338)</td></tr> <tr id="xdx_401_ecustom--ChangeInTheAssetsLimitExcludingInterestIncomeNetDefinedBenefitLiabilityAsset_zR2WvlGvXuAg" style="vertical-align: middle; background-color: #DCE6F1"> <td>Change in the asset’s limit (excluding interest income)</td> <td style="text-align: right">(237,589)</td> <td style="text-align: right"> </td> <td style="text-align: right"> 348,800</td> <td style="text-align: right"> </td> <td style="text-align: right">(109,355)</td></tr> <tr id="xdx_402_ecustom--TotalCostOfActuarialLossesAndGainsNetDefinedBenefitLiabilityAsset_zILzLO69Nq27" style="vertical-align: middle"> <td style="font-weight: bold">Total cost of actuarial losses and (gains)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">4,062</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">(10,565)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 14,972</td></tr> </table> -20282000 -392687000 186665000 261933000 33322000 -62338000 -237589000 348800000 -109355000 4062000 -10565000 14972000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfBreakdownOfActuarialGainsOrLossesTableTextBlock_pn3n3_z1V3dFWNVV31" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 6)"> <tr> <td style="vertical-align: bottom"><span id="xdx_8BE_z9GA2r0Qy8x1" style="display: none">Schedule of breakdown of actuarial gains and losses</span></td> <td id="xdx_494_20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zG9rcNPgfUgh" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_491_20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zHeWnSUSCDS3" style="vertical-align: middle; text-align: center"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_498_20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zQYzJx1jy6Pl" style="vertical-align: middle; text-align: center"> </td></tr> <tr> <td style="vertical-align: middle; width: 58%"> </td> <td style="vertical-align: middle; text-align: right; width: 14%"> </td> <td style="vertical-align: middle; text-align: right; width: 1%"> </td> <td style="vertical-align: bottom; background-color: white; width: 13%"> </td> <td style="padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left; width: 1%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="border-top: Black 0.5pt solid; vertical-align: middle"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="border-top: Black 0.5pt solid; padding-left: 15px; font-weight: bold; vertical-align: bottom; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_401_ecustom--LossDueToChangeInDemographicAssumptions_zoxlen4LqSUi" style="background-color: #DCE6F1"> <td style="vertical-align: bottom">Loss due to change in financial assumptions </td> <td style="vertical-align: middle; text-align: right"> (27,989)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(448,752)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 194,988</td></tr> <tr id="xdx_40A_eifrs-full--ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_i_pn3n3"> <td style="vertical-align: bottom">Loss due to experience adjustments</td> <td style="vertical-align: middle; text-align: right">7,707</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 60,215</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(13,933)</td></tr> <tr id="xdx_40E_eifrs-full--ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset_i_pn3n3" style="background-color: #DCE6F1"> <td style="vertical-align: bottom">Loss due to changes in assumptions</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> (4,150)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">5,610</td></tr> <tr id="xdx_406_ecustom--ReturnOnPlanAssetNetDefinedBenefitLiabilityAsset_z8NW3QH1sAC2"> <td style="vertical-align: bottom">Return on plan assets (less interest income)</td> <td style="vertical-align: middle; text-align: right"> 261,933</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 33,322</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(62,338)</td></tr> <tr id="xdx_409_ecustom--ChangeInTheAssetsLimitExcludingInterestIncomeNetDefinedBenefitLiabilityAsset_zxOaW2bx9XS6" style="background-color: #DCE6F1"> <td style="vertical-align: bottom">Change in the asset’s limit (excluding interest income)</td> <td style="vertical-align: middle; text-align: right">(237,589)</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 348,800</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">(109,355)</td></tr> <tr id="xdx_40A_eifrs-full--GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_z426mSUYgm8j" style="vertical-align: middle"> <td style="font-weight: bold">Actuarial losses and (gains)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right">4,062</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right">(10,565)</td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: right"> 14,972</td></tr> </table> -27989000 -448752000 194988000 7707000 60215000 -13933000 -4150000 5610000 261933000 33322000 -62338000 -237589000 348800000 -109355000 4062000 -10565000 14972000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_897_ecustom--ScheduleOfActuarialAssumptionsUsedTableTextBlock_zByccnOeSMGg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 7)"> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"><span id="xdx_8B0_zm7dwq79auJl" style="display: none">Schedule of actuarial assumptions used</span></td> <td id="xdx_497_20250101__20251231_zBhko70xKLz6" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_49C_20240101__20241231_zlsqLjNqaWck" style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif; width: 19%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 39%">12/31/2025</td> <td style="font-family: Arial, sans-serif; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 41%">12/31/2024</td></tr> <tr id="xdx_404_ecustom--DescriptionOfActuarialFinancingMethod_zNlLQP6HOuH3" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Actuarial financing method</td> <td style="font-family: Arial, sans-serif; text-align: center">Projected unit credit</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center">Projected unit credit</td></tr> <tr id="xdx_409_eifrs-full--DescriptionOfFunctionalCurrency_i" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Functional currency</td> <td style="font-family: Arial, sans-serif; text-align: center">Real (R$)</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center">Real (R$)</td></tr> <tr id="xdx_40D_ecustom--RecognitionOfPlanAssets_zDjpw5N0WFj7" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Recognition of plan assets</td> <td style="font-family: Arial, sans-serif; text-align: center">Fair value</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center">Fair value</td></tr> <tr style="vertical-align: middle"> <td rowspan="4" style="font-family: Arial, sans-serif; text-align: left">Real discount rate</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Nominal discount rate">Millennium Plan: 7.30%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_907_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Nominal discount rate">Millennium Plan: 7.12%</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90F_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember_z3w7LRqDYRX9" title="Nominal discount rate">Plan 35%: 7.60%</span><br/></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_903_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember" title="Nominal discount rate">Plan 35%: 7.46%</span><br/></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_901_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="Nominal discount rate">Supplementation: 7.54%</span> </td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_907_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="Nominal discount rate">Supplementation: 7.43%</span> </td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_903_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Nominal discount rate">Mauá Prev: 7.39%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--ActuarialAssumptionOfNominalDiscountRates_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Nominal discount rate">Mauá Prev: 7.34%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Inflation rate</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_906_eifrs-full--ActuarialAssumptionOfExpectedRatesOfInflation_iI_pip0_dp_c20251231_zr6DdQv4TbZ4" title="Inflation rate">4.05</span>%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_900_eifrs-full--ActuarialAssumptionOfExpectedRatesOfInflation_iI_pip0_dp_c20241231_zvTQES5i9fN9" title="Inflation rate">4,96</span>%</td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Nominal salary increase rate</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_906_eifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_iI_pip0_dp_c20251231_zI7NGQrSXJch" title="Nominal salary increase rate">1.00</span>%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_908_eifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_iI_pip0_dp_c20241231_zpzouUaWZe98" title="Nominal salary increase rate">1.00</span>%</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Nominal benefit increase rate</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_901_eifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreases_iI_pip0_dp_c20251231_zZJA7h60yyJk" title="Nominal benefit increase rate">4.05</span>%</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_903_eifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreases_iI_pip0_dp_c20241231_zalB5jqvwj6" title="Nominal benefit increase rate">4,96</span>%</td></tr> <tr style="vertical-align: middle"> <td rowspan="4" style="font-family: Arial, sans-serif; text-align: left">Rate of return on investments</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Rate of return on investments">Millennium Plan: 7.30%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90F_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Rate of return on investments">Millennium Plan: 7.12%</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_901_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember" title="Rate of return on investments">Plan 35%: 7.60%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember_zEmP1hm8H0Gb" title="Rate of return on investments">Plan 35%: 7.46%</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_904_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="Rate of return on investments">Supplementation : 7.54%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_906_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="Rate of return on investments">Supplementation : 7.43%</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_900_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Rate of return on investments">Mauá Prev: 7.39%</span></td> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90D_ecustom--ActuarialAssumptionOfRateOfReturnsOnInvestments_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Rate of return on investments">Mauá Prev: 7.34%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td rowspan="4" style="font-family: Arial, sans-serif; text-align: left">General mortality table</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_901_ecustom--GeneralMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="General mortality table">Millennium Plan: AT-2012 segregated by gender</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_907_ecustom--GeneralMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="General mortality table">Millennium Plan: AT-2012 segregated by gender</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--GeneralMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember_zan1auS7Lyg9" title="General mortality table">Plans 35% : AT-2000 Male, aggravated by 15%</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_904_ecustom--GeneralMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember" title="General mortality table">Plans 35% : AT-2000 Male, aggravated by 15%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_908_ecustom--GeneralMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="General mortality table">Supplementation: AT-2000 segregated by gender, aggravated by 10%</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90A_ecustom--GeneralMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="General mortality table">Supplementation: AT-2000 segregated by gender, aggravated by 10%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_908_ecustom--GeneralMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="General mortality table">Mauá Prev: AT-2012 segregated by gender</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--GeneralMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="General mortality table">Mauá Prev: AT-2012 segregated by gender</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: left"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_907_ecustom--DisabilityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Disability table">Millennium Plan: Easy light</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--DisabilityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Disability table">Millennium Plan: Easy light</span></td></tr> <tr style="vertical-align: middle"> <td rowspan="3" style="font-family: Arial, sans-serif; text-align: left">Disability table</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_908_ecustom--DisabilityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember_zjZqtkdr2X5d" title="Disability table">Mauá Prev and ACT: ALVARO VINDAS (D50%)</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90B_ecustom--DisabilityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Disability table">Mauá Prev and ACT: ALVARO VINDAS (D50%)</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_906_ecustom--DisabilityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--OtherPlansMember" title="Disability table">Other Plans: Not applicable</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_904_ecustom--DisabilityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--OtherPlansMember" title="Disability table">Other Plans: Not applicable</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td rowspan="4" style="font-family: Arial, sans-serif; text-align: left">Disability mortality table</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--DisabilityMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Disability mortality table">Millennium Plan: AT 71</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_903_ecustom--DisabilityMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Disability mortality table">Millennium Plan: AT 71</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--DisabilityMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember" title="Disability mortality table">Plans 35%: MI-2006 - 10% M&amp;F</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90B_ecustom--DisabilityMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--PlanMember" title="Disability mortality table">Plans 35%: MI-2006 - 10% M&amp;F</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90C_ecustom--DisabilityMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember" title="Disability mortality table">Supplementation: Winklevoss - 10%</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_908_ecustom--DisabilityMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--SupplementationMember_zlNFJXNxj7H3" title="Disability mortality table">Supplementation: Winklevoss - 10%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90A_ecustom--DisabilityMortalityTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Disability mortality table">Mauá Prev and ACT: IAPB-57</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--DisabilityMortalityTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Disability mortality table">Mauá Prev and ACT: IAPB-57</span></td></tr> <tr style="vertical-align: middle"> <td rowspan="3" style="font-family: Arial, sans-serif; text-align: left">Turnover table</td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--TurnoverTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Turnover table">Millennium Plan 5% per year</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90B_ecustom--TurnoverTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MillenniumPlanMember" title="Turnover table">Millennium Plan 5% per year</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_907_ecustom--TurnoverTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Turnover table">Maua Prev: MercerService</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--TurnoverTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--MauaPrevMember" title="Turnover table">Maua Prev: MercerService</span></td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--TurnoverTableDescription_c20250101__20251231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--OtherPlansMember_zFb5bqiw8d3h" title="Turnover table">Other Plans: Not applicable</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"><span id="xdx_90E_ecustom--TurnoverTableDescription_c20240101__20241231__ifrs-full--NetDefinedBenefitLiabilityAssetAxis__custom--OtherPlansMember" title="Turnover table">Other Plans: Not applicable</span></td></tr> <tr id="xdx_405_ecustom--DescriptionOfRetirementAge_zhTwC0Oac0S7" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Retirement age</td> <td style="font-family: Arial, sans-serif; text-align: center"> 100% on the first date he/she becomes eligible for programmed retirement benefit under the plan </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"> 100% on the first date he/she becomes eligible for programmed retirement benefit under the plan </td></tr> <tr id="xdx_402_ecustom--DescriptionOfHouseholdOfActiveParticipants_zp0RhXkZQRje" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Household of active participants</td> <td style="font-family: Arial, sans-serif; text-align: center"> For the Mauá Prev and ACT Plans, 90% of participants are expected to be married at retirement, while this figure is 95% for other Plans. Female spouses are assumed to be 4 years younger than male participants. </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: center"> For the Mauá Prev and ACT Plans, 90% of participants are expected to be married at retirement, while this figure is 95% for other Plans. Female spouses are assumed to be 4 years younger than male participants. </td></tr> </table> Projected unit credit Projected unit credit Real (R$) Real (R$) Fair value Fair value Millennium Plan: 7.30% Millennium Plan: 7.12% Plan 35%: 7.60% Plan 35%: 7.46% Supplementation: 7.54% Supplementation: 7.43% Mauá Prev: 7.39% Mauá Prev: 7.34% 0.0405 0.0496 0.0100 0.0100 0.0405 0.0496 Millennium Plan: 7.30% Millennium Plan: 7.12% Plan 35%: 7.60% Plan 35%: 7.46% Supplementation : 7.54% Supplementation : 7.43% Mauá Prev: 7.39% Mauá Prev: 7.34% Millennium Plan: AT-2012 segregated by gender Millennium Plan: AT-2012 segregated by gender Plans 35% : AT-2000 Male, aggravated by 15% Plans 35% : AT-2000 Male, aggravated by 15% Supplementation: AT-2000 segregated by gender, aggravated by 10% Supplementation: AT-2000 segregated by gender, aggravated by 10% Mauá Prev: AT-2012 segregated by gender Mauá Prev: AT-2012 segregated by gender Millennium Plan: Easy light Millennium Plan: Easy light Mauá Prev and ACT: ALVARO VINDAS (D50%) Mauá Prev and ACT: ALVARO VINDAS (D50%) Other Plans: Not applicable Other Plans: Not applicable Millennium Plan: AT 71 Millennium Plan: AT 71 Plans 35%: MI-2006 - 10% M&F Plans 35%: MI-2006 - 10% M&F Supplementation: Winklevoss - 10% Supplementation: Winklevoss - 10% Mauá Prev and ACT: IAPB-57 Mauá Prev and ACT: IAPB-57 Millennium Plan 5% per year Millennium Plan 5% per year Maua Prev: MercerService Maua Prev: MercerService Other Plans: Not applicable Other Plans: Not applicable  100% on the first date he/she becomes eligible for programmed retirement benefit under the plan   100% on the first date he/she becomes eligible for programmed retirement benefit under the plan   For the Mauá Prev and ACT Plans, 90% of participants are expected to be married at retirement, while this figure is 95% for other Plans. Female spouses are assumed to be 4 years younger than male participants.   For the Mauá Prev and ACT Plans, 90% of participants are expected to be married at retirement, while this figure is 95% for other Plans. Female spouses are assumed to be 4 years younger than male participants.  <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfAverageLifeExpectancyTableTextBlock_zZpMCogwK8F4" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 8)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom"><span id="xdx_8BC_zgLPMBZevx4g" style="display: none">Schedule of average expectancy</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Plan covering 35% of the average salary</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Average salary supplementation plan</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Mixed supplementary benefit plan (Milênio Plan) </td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Plan ACT</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Mauá Prev</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; font-family: Arial, sans-serif; width: 36%">Longevity at age of 65 for current participants</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2024</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2024</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2024</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 6%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 6%">12/31/2024</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 6%">12/31/2024</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Male</td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> <span id="xdx_906_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember" title="Average life expectancy of employees (in years)">18.38</span></td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; text-align: right"> <span id="xdx_907_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember_zBgmL8CI2wjd" title="Average life expectancy of employees (in years)">18.38</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy of employees (in years)">18.75</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_900_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy of employees (in years)">18.75</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90F_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember" title="Average life expectancy of employees (in years)">21.47</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90D_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember" title="Average life expectancy of employees (in years)">21.47</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_904_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy of employees (in years)">21.47</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_906_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy of employees (in years)">21.47</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90A_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy of employees (in years)">21.47</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_905_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy of employees (in years)">21.47</span></td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom">Female</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_90D_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember_z5eOkmnPuBgb" title="Average life expectancy in years of employees who are 65 (in years)">18.38</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_90F_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember_zuWLKYURbkod" title="Average life expectancy in years of employees who are 65 (in years)">18.38</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_90B_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember_zDRLva2IuFp4" title="Average life expectancy in years of employees who are 65 (in years)">21.41</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember_zRlpdAnN3kK6" title="Average life expectancy in years of employees who are 65 (in years)">21.41</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_907_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember_zdHSuF3mI9hf" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_907_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember_z1mLJIH5iqde" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_909_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember_zLfmrQn3IvJ3" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_900_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember_zpOdlM8StE48" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_90F_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember_zH56tFi86tLj" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_901_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleSixtyFive_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember_zrn5mwFOwRD9" title="Average life expectancy in years of employees who are 65 (in years)">23.34</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; font-family: Arial, sans-serif">Longevity at age of 40 for current participants</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Male</td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_905_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember" title="Average life expectancy of employees (in years)">40.15</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90A_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember" title="Average life expectancy of employees (in years)">40.15</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_901_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy of employees (in years)">40.60</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_903_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy of employees (in years)">40.60</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember" title="Average life expectancy of employees (in years)">44.07</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember_z10UG4ws64we" title="Average life expectancy of employees (in years)">44.07</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_905_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy of employees (in years)">44.07</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_90A_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy of employees (in years)">44.07</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_904_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy of employees (in years)">44.07</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> <span id="xdx_906_ecustom--AverageLifeExpectancyOfEmployeesThatAreFourty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy of employees (in years)">44.07</span></td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle">Female</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_907_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember" title="Average life expectancy in years of employees who are 40 (in years)">40.15</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_905_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanCoveringThirtyFivePercentOfTheAverageSalaryMember" title="Average life expectancy in years of employees who are 40 (in years)">40.15</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_905_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy in years of employees who are 40 (in years)">44.41</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_903_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--AverageSalarySupplementationPlanMember" title="Average life expectancy in years of employees who are 40 (in years)">44.41</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_906_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> <span id="xdx_901_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MixedSupplementaryBenefitPlanMember_zrII5wj4Z227" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_90C_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PlanACTMauaPrevMember" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_90D_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> <span id="xdx_90F_ecustom--AverageLifeExpectancyOfEmployeesThatAreFemaleForty_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--MauaPrevMember" title="Average life expectancy in years of employees who are 40 (in years)">46.68</span></td></tr> </table> 18.38 18.38 18.75 18.75 21.47 21.47 21.47 21.47 21.47 21.47 18.38 18.38 21.41 21.41 23.34 23.34 23.34 23.34 23.34 23.34 40.15 40.15 40.60 40.60 44.07 44.07 44.07 44.07 44.07 44.07 40.15 40.15 44.41 44.41 46.68 46.68 46.68 46.68 46.68 46.68 <table border="0" cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfAllocationOfPlanAssetTableTextBlock_pn3n3_zlkkmUAV6V7j" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 9)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle"><span id="xdx_8BC_zLCsv36vAU8b" style="display: none">Schedule of allocation defined benefit assets</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 26%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 12%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom; width: 11%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 12%">12/31/2024</td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom; width: 12%"> </td> <td style="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 12%">12/31/2023</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Variable income</td> <td id="xdx_983_eifrs-full--PlanAssetsAtFairValue_c20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 291,676</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_904_ecustom--PlanAssetsPercentage_pip0_dp_c20250101__20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_zRhSZ8fLUco" title="Plan assets percentage">8.27</span>%</td> <td id="xdx_982_eifrs-full--PlanAssetsAtFairValue_c20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 358,124</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_901_ecustom--PlanAssetsPercentage_pip0_dp_c20240101__20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_zsIjcFeqQ07f" title="Plan assets percentage">9.72</span>%</td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_eifrs-full--PlanAssetsAtFairValue_iI_pn3n3_c20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_zvdte0vjetE8" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 190,455</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_906_ecustom--PlanAssetsPercentage_pip0_dp_c20230101__20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--VariableIncomeMember_zWYBbSdRvjJb" title="Plan assets percentage">5.13</span>%</td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle">Fixed income</td> <td id="xdx_98E_eifrs-full--PlanAssetsAtFairValue_c20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets">2,786,582</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><span id="xdx_908_ecustom--PlanAssetsPercentage_pip0_dp_c20250101__20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_zkMSCcQCtOWk" title="Plan assets percentage">79.01</span>%</td> <td id="xdx_98F_eifrs-full--PlanAssetsAtFairValue_c20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets">2,916,385</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><span id="xdx_900_ecustom--PlanAssetsPercentage_pip0_dp_c20240101__20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_ziDLamAL4KW3" title="Plan assets percentage">79.17</span>%</td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_eifrs-full--PlanAssetsAtFairValue_iI_pn3n3_c20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_zca25m66RKXe" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 3,143,056</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><span id="xdx_903_ecustom--PlanAssetsPercentage_pip0_dp_c20230101__20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--FixedIncomeMember_ze7AVSWcSclg" title="Plan assets percentage">84.65</span>%</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Real estate</td> <td id="xdx_98B_eifrs-full--PlanAssetsAtFairValue_c20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 266,080</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_909_ecustom--PlanAssetsPercentage_pip0_dp_c20250101__20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_zklULpGaSsQ6" title="Plan assets percentage">7.54</span>%</td> <td id="xdx_98A_eifrs-full--PlanAssetsAtFairValue_c20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 225,421</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_909_ecustom--PlanAssetsPercentage_pip0_dp_c20240101__20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_zJxfqu4gQ9d7" title="Plan assets percentage">6.12</span>%</td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_eifrs-full--PlanAssetsAtFairValue_iI_pn3n3_c20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_zfhv7bpt8lkj" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 201,870</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--PlanAssetsPercentage_pip0_dp_c20230101__20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--RealEstatesMember_zAmkf5qnHpH4" title="Plan assets percentage">5.44</span>%</td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle">Others</td> <td id="xdx_985_eifrs-full--PlanAssetsAtFairValue_c20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 182,546</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_900_ecustom--PlanAssetsPercentage_pip0_dp_c20250101__20251231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_zxcVtBptIi2h" title="Plan assets percentage">5.18</span>%</td> <td id="xdx_984_eifrs-full--PlanAssetsAtFairValue_c20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 183,645</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_909_ecustom--PlanAssetsPercentage_pip0_dp_c20240101__20241231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_zPU8udCmXMHc" title="Plan assets percentage">4.99</span>%</td> <td style="color: white; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_eifrs-full--PlanAssetsAtFairValue_iI_pn3n3_c20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_z8O2bVRQZYfl" style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 177,718</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_903_ecustom--PlanAssetsPercentage_pip0_dp_c20230101__20231231__custom--DefinedBenefitPlanByPlanAssetsCategoriesAxis__custom--OthersPlanAssetsMember_zPfYNcK9h6ge" title="Plan assets percentage">4.78</span>%</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Total</td> <td id="xdx_985_eifrs-full--PlanAssetsAtFairValue_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets">3,526,884</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_90C_ecustom--PlanAssetsPercentage_pip0_dp_c20250101__20251231_zOtUCxBLsxif" title="Plan assets percentage">100.00</span>%</td> <td id="xdx_984_eifrs-full--PlanAssetsAtFairValue_c20241231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets">3,683,575</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_903_ecustom--PlanAssetsPercentage_pip0_dp_c20240101__20241231_zbjq2jFN69Il" title="Plan assets percentage">100.00</span>%</td> <td style="color: white; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_eifrs-full--PlanAssetsAtFairValue_iI_pn3n3_c20231231_zcAO4IiT4cZc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right" title="Allocation of plan assets"> 3,713,099</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><span id="xdx_90D_ecustom--PlanAssetsPercentage_pip0_dp_c20230101__20231231_zSMYhI2DUjEe" title="Plan assets percentage">100.00</span>%</td></tr> </table> 291676000 0.0827 358124000 0.0972 190455000 0.0513 2786582000 0.7901 2916385000 0.7917 3143056000 0.8465 266080000 0.0754 225421000 0.0612 201870000 0.0544 182546000 0.0518 183645000 0.0499 177718000 0.0478 3526884000 1.0000 3683575000 1.0000 3713099000 1.0000 1178000 314000 20175000 1096000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfQuantitativeSensitivityAnalysisRegardingSignificantAssumptionsForPensionPlansTableTextBlock_zz2l6QvHFQGe" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 10)"> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left"><span id="xdx_8B6_zbgnfCKmXqng" style="display: none">Schedule of sensitive analysis</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">12/31/2025</td></tr> <tr style="vertical-align: middle"> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif"> </td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Consolidated Effect of Plans</td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; width: 64%">Assumption: Discount rate</td> <td style="font-family: Arial, sans-serif; width: 2%"> </td> <td style="font-family: Arial, sans-serif; width: 15%"> </td> <td style="font-family: Arial, sans-serif; width: 17%"> </td> <td style="font-family: Arial, sans-serif; width: 2%"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_90D_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_zpjLCSYC66c4" title="Sensitivity level">0.5</span>%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_907_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_zax2RtpPzws1" title="Sensitivity level">-0.5</span>%</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_989_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_pn3n3_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_zTSf4z15EsOe" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations"> (11,114)</td> <td id="xdx_98C_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">11,842</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_987_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_z5wzxjjVmvHk" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (94,507)</td> <td id="xdx_988_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember_zbSMUN5PdGel" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">100,779</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Assumption: Salary growth</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_908_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_z9XyQGKZI7m8" title="Sensitivity level">0.5</span>%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_908_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_z9Lk6dPhXWRb" title="Sensitivity level">-0.5</span>%</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_98B_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">21</td> <td id="xdx_988_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_pn3n3_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_zCJEGOVD6p2" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations"> (20)</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_980_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_zvVCWznLkcYc" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> 805</td> <td id="xdx_98E_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_z702C9nCrgj7" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (773)</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Assumption: Mortality table</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_90C_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_zfiu69Ptw4p2" title="Sensitivity level">0.5</span>%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_908_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_zfgUzcX1tXMh" title="Sensitivity level">-0.5</span>%</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_98C_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">1,636</td> <td id="xdx_98F_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">(1,636)</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_984_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_zArc75bnSHN2" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">13,894</td> <td id="xdx_983_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_zkfhxzxT9IFf" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (13,894)</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Assumption: Benefit adjustment</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_985_ecustom--SensitivityLevelYear_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember_zwUUKfgbT1nf" style="font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Sensitivity level, year">+1 ano</td> <td id="xdx_98C_ecustom--SensitivityLevelYear_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember" style="font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Sensitivity level, year">- 1 ano</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_988_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">8,129</td> <td id="xdx_98B_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">(8,030)</td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_989_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember_zG7BCPfLfYEh" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">67,802</td> <td id="xdx_989_ecustom--EffectOnPresentValueOfObligations_pip0_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember_z8fvGES1QZ38" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (66,944)</td> <td style="font-family: Arial, sans-serif"> </td></tr> </table> 0.005 -0.005 -11114000 11842000 -94507 100779 0.005 -0.005 21000 -20000 805 -773 0.005 -0.005 1636000 -1636000 13894 -13894 +1 ano - 1 ano 8129000 -8030000 67802 -66944 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89C_ecustom--ScheduleOfForecastBenefitPaymentsOfDefinedBenefitPlansTableTextBlock_pn3n3_zGmfimBXgJec" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 11)"> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"><span id="xdx_8B0_zGLTTsdZ4C8h" style="display: none">Schedule of forecast benefit payments defined benefit plans</span></td> <td id="xdx_497_20251231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_z2JJbrkQR6I7" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_492_20241231__ifrs-full--DefinedBenefitPlansAxis__ifrs-full--DefinedBenefitPlansOtherThanMultiemployerPlansStatePlansAndPlansThatShareRisksBetweenEntitiesUnderCommonControlMember_zRKaGqvp9Xc7" style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif; width: 52%">Forecast payments</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 21%">2025</td> <td style="font-family: Arial, sans-serif; text-align: right; width: 2%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 25%">2024</td></tr> <tr id="xdx_40D_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsNextTwelveMonths_iI_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 1</td> <td style="font-family: Arial, sans-serif; text-align: right">360,546</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 349,582</td></tr> <tr id="xdx_402_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearTwo_iI_pn3n3" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Year 2</td> <td style="font-family: Arial, sans-serif; text-align: right">332,116</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 325,518</td></tr> <tr id="xdx_405_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearThree_iI_pn3n3" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 3</td> <td style="font-family: Arial, sans-serif; text-align: right">322,471</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 316,201</td></tr> <tr id="xdx_40F_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearFour_iI_pn3n3"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Year 4</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">311,975</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> 306,861</td></tr> <tr id="xdx_40A_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearFive_iI_pn3n3_zZeYVOLBEMr7" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 5</td> <td style="font-family: Arial, sans-serif; text-align: right">301,430</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 296,668</td></tr> <tr id="xdx_404_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsFiveFiscalYearsThereafter_iI_pn3n3" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Next 5 years</td> <td style="font-family: Arial, sans-serif; text-align: right"> 1,331,249</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">1,323,196</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Total forecast payments</td> <td id="xdx_98E_ecustom--DefinedBenefitPlanForecastFutureBenefitPayment_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Defined benefit plan forecast future benefit payment"> 2,959,787</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_980_ecustom--DefinedBenefitPlanForecastFutureBenefitPayment_iI_pn3n3_c20241231_zJ8OMNrcHHD3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Defined benefit plan forecast future benefit payment">2,918,026</td></tr> </table> 360546000 349582000 332116000 325518000 322471000 316201000 311975000 306861000 301430000 296668000 1331249000 1323196000 2959787000 2918026000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--ScheduleOfPostEmploymentHealthCarePlanAmountsTableTextBlock_pn3n3_z28Oeb2oLLrk" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 12)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom"><span id="xdx_8BB_zUQplM8CfAr6" style="display: none">Schedule of post employment health care plan amounts</span></td> <td id="xdx_493_20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zjruQv5ORfy1" style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td id="xdx_49E_20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zMgmacpXegie" style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_492_20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zDRhbKn2bZ96" style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 54%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2024</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2023</td></tr> <tr id="xdx_40F_eifrs-full--DefinedBenefitObligationAtPresentValue_iI_zhV2b88ts1Ge" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Present value of obligations</td> <td style="font-family: Arial, sans-serif; text-align: right"> 379,161</td> <td style="font-family: Arial, sans-serif; text-align: right"> 454,161</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 481,118</td></tr> <tr id="xdx_40B_ecustom--LiabilitiesOfBenefitPlan_iI_zlAiIuFb7yml" style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Liabilities</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 379,161</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 454,161</td> <td style="font-family: Arial, sans-serif"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> 481,118</td></tr> </table> 379161000 454161000 481118000 379161000 454161000 481118000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfReconciliationOfHealthcareLiabilitiesTableTextBlock_pn3n3_zpBkCR6GraRh" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 13)"> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"><span id="xdx_8BD_zseqxUNjKXPl" style="display: none">Schedule of reconciliation of the healthcare liabilities</span></td> <td id="xdx_493_20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zLkDy7tnN9sl" style="font-family: Arial, sans-serif; text-align: center"> </td> <td id="xdx_494_20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zJLXz4F1NICf" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_490_20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zP8wMlHEIzA9" style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 54%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2024</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2023</td></tr> <tr id="xdx_406_ecustom--LiabilitiesOfBenefitPlan_iS_zC0KDanmaKdl" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Actuarial liability at the beginning of the year</td> <td style="font-family: Arial, sans-serif; text-align: right"> 454,161</td> <td style="font-family: Arial, sans-serif; text-align: right"> 481,118</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 537,290</td></tr> <tr id="xdx_408_ecustom--ExpensesRecognizedInIncomeNetDefinedBenefitLiability_zjrjDTkWiHa6" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Expenses recognized in income for the year</td> <td style="font-family: Arial, sans-serif; text-align: right">54,897</td> <td style="font-family: Arial, sans-serif; text-align: right">42,749</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right">58,737</td></tr> <tr id="xdx_403_ecustom--SponsorsContributionsTransferredInPriorYearNetDefinedBenefitLiability_zA0wsirLu5b2" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Sponsor’s contributions transferred in prior year</td> <td style="font-family: Arial, sans-serif; text-align: right"> (50,098)</td> <td style="font-family: Arial, sans-serif; text-align: right"> (51,884)</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> (51,788)</td></tr> <tr id="xdx_400_ecustom--RecognitionOfLossGainNetDefinedBenefitLiability_z5qSIqji9To5" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Recognition of actuarial loss/(gain) </td> <td style="font-family: Arial, sans-serif; text-align: right"> (79,799)</td> <td style="font-family: Arial, sans-serif; text-align: right"> (17,822)</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> (63,121)</td></tr> <tr id="xdx_40C_ecustom--LiabilitiesOfBenefitPlan_iE_zOfMP2kwx7t8" style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Actuarial liability at the end of the year </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> 379,161</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> 454,161</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> 481,118</td></tr> </table> 454161000 481118000 537290000 54897000 42749000 58737000 -50098000 -51884000 -51788000 -79799000 -17822000 -63121000 379161000 454161000 481118000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfActuarialGainsAndLossesRecognizedInShareholdersEquityTableTextBlock_pn3n3_zkky0vdcgUV3" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 14)"> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif"><span id="xdx_8B6_zll8lrlS3Pz9" style="display: none">Schedule of actuarial gains and losses recognized in equity</span></td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 54%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2025</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2024</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 15%">12/31/2023</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Actuarial gain (loss) on obligation</td> <td id="xdx_982_eifrs-full--ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_pn3n3_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zo08RXxTxpc3" style="font-family: Arial, sans-serif; text-align: right" title="Acturial gain loss on obligation"> (79,799)</td> <td id="xdx_982_eifrs-full--ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_pn3n3_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zzlIezhkGnBj" style="font-family: Arial, sans-serif; text-align: right" title="Acturial gain loss on obligation"> (17,822)</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_98C_eifrs-full--ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_pn3n3_c20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zJoE8e7s91ej" style="font-family: Arial, sans-serif; text-align: right" title="Acturial gain loss on obligation"> (63,121)</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Gain/(loss) recognized in shareholders' equity </td> <td id="xdx_982_eifrs-full--GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_pn3n3_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zIm0YekfFAwk" style="font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Gain/(loss) recognized in shareholders' equity"> (79,799)</td> <td id="xdx_98C_eifrs-full--GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_pn3n3_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zZwCTuAnj6q5" style="font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Gain/(loss) recognized in shareholders' equity"> (17,822)</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_982_eifrs-full--GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_pn3n3_c20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zyxL6jnhd9t1" style="font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Gain/(loss) recognized in shareholders' equity"> (63,121)</td></tr> </table> -79799000 -17822000 -63121000 -79799000 -17822000 -63121000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfWeightedAverageLifeExpectancyTableTextBlock_zy3X3vchzq39" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 15)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle"><span id="xdx_8BF_zOHUiwXF13q3" style="display: none">Schedule of weighted average life</span></td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 59%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 13%">12/31/2025</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 13%">12/31/2024</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 13%">12/31/2023</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Longevity at age of 65 for current participants</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td></tr> <tr style="background-color: white"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Male</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_90C_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__custom--ParticipantsAxis__custom--MaleMember_zsdZNyd7XZcc" title="Average life expectancy of employees (in years)">20.24</span></td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_90A_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__custom--ParticipantsAxis__custom--MaleMember_zzKoCZOvjPOa" title="Average life expectancy of employees (in years)">20.24</span></td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_904_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20230101__20231231__custom--ParticipantsAxis__custom--MaleMember_zgV72vAJLLF1" title="Average life expectancy of employees (in years)">20.24</span></td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Female</td> <td id="xdx_98A_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20250101__20251231__custom--ParticipantsAxis__custom--FemaleMember_zCbh4XEmifRj" style="font-family: Arial, sans-serif; text-align: right" title="Average life expectancy of employees (in years)">20.24</td> <td style="font: 10pt Arial"> </td> <td id="xdx_985_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20240101__20241231__custom--ParticipantsAxis__custom--FemaleMember_z7SzstJkhbD2" style="font-family: Arial, sans-serif; text-align: right" title="Average life expectancy of employees (in years)">20.24</td> <td style="font: 10pt Arial"> </td> <td id="xdx_981_ecustom--AverageLifeExpectancyOfEmployeesThatAreSixtyFive_c20230101__20231231__custom--ParticipantsAxis__custom--FemaleMember_zqfxTorNBvXf" style="font-family: Arial, sans-serif; text-align: right" title="Average life expectancy of employees (in years)">20.24</td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif">Longevity at age of 40 for current participants</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font: 10pt Arial"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td style="font: 10pt Arial"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr style="background-color: white"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Male</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_901_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20250101__20251231__custom--ParticipantsAxis__custom--MaleMember_zECxJXpwVLLg" title="Average life expectancy of employees (in years)">42.74</span></td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20240101__20241231__custom--ParticipantsAxis__custom--MaleMember_zhEmARD5oJz1" title="Average life expectancy of employees (in years)">42.74</span></td> <td style="font: 10pt Arial; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><span id="xdx_902_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20230101__20231231__custom--ParticipantsAxis__custom--MaleMember_z4D5xTMJroE4" title="Average life expectancy of employees (in years)">42.74</span></td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Female</td> <td style="font-family: Arial, sans-serif; text-align: right"><span id="xdx_900_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20250101__20251231__custom--ParticipantsAxis__custom--FemaleMember_zjm6LvJmmCE2" title="Average life expectancy of employees (in years)">42.74</span></td> <td style="font: 10pt Arial"> </td> <td style="font-family: Arial, sans-serif; text-align: right"><span id="xdx_900_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20240101__20241231__custom--ParticipantsAxis__custom--FemaleMember_zJB0q5fydqjb" title="Average life expectancy of employees (in years)">42.74</span></td> <td style="font: 10pt Arial"> </td> <td style="font-family: Arial, sans-serif; text-align: right"><span id="xdx_90E_ecustom--AverageLifeExpectancyOfEmployeesThatAreForty_c20230101__20231231__custom--ParticipantsAxis__custom--FemaleMember_zXSgJlkpC7A7" title="Average life expectancy of employees (in years)">42.74</span></td></tr> </table> 20.24 20.24 20.24 20.24 20.24 20.24 42.74 42.74 42.74 42.74 42.74 42.74 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfActuarialAssumptionsUsedForCalculatingPostEmploymentHealthcareBenefitsTableTextBlock_z5RON9nZ6tM9" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 16)"> <tr style="vertical-align: middle; background-color: white"> <td><span id="xdx_8BC_zPlPCA8mI6x4" style="display: none">Schedule of actuarial assumptions used for calculating postemployment healthcare benefits</span></td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr> <td style="font-weight: bold; vertical-align: bottom; background-color: white; width: 34%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 21%">12/31/2025</td> <td style="font-weight: bold; vertical-align: bottom; background-color: white; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 21%">12/31/2024</td> <td style="font-weight: bold; vertical-align: bottom; background-color: white; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 22%">12/31/2023</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Biometric and Demographic</td> <td style="color: red"> </td> <td style="font-weight: bold"> </td> <td style="color: red"> </td> <td style="font-weight: bold"> </td> <td style="color: red"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td>General mortality table</td> <td style="text-align: right"><span id="xdx_907_ecustom--GeneralMortalityTableDescription_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember" title="General mortality table">AT 2000 separated by gender 20%</span></td> <td> </td> <td style="text-align: right"><span id="xdx_901_ecustom--GeneralMortalityTableDescription_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember" title="General mortality table">AT 2000 separated by gender 20%</span></td> <td> </td> <td style="text-align: center"><span id="xdx_903_ecustom--GeneralMortalityTableDescription_c20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember" title="General mortality table">AT 2000 segregated by gender 20%</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold">Financial</td> <td style="color: red; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="color: red; font-weight: bold; text-align: right"> </td> <td style="font-weight: bold"> </td> <td style="color: red; font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: white"> <td>Actuarial nominal discount rate</td> <td style="text-align: right"><span id="xdx_90A_eifrs-full--ActuarialAssumptionOfDiscountRates_iI_pip0_dp_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zjgKe2PXe8Ud" title="Actuarial assumption of discount rate">11.96</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_902_eifrs-full--ActuarialAssumptionOfDiscountRates_iI_pip0_dp_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zpkFSs2wvwoj" title="Actuarial assumption of discount rate">13.01</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_903_eifrs-full--ActuarialAssumptionOfDiscountRates_iI_pip0_dp_c20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zZeeKEDqkrQ6" title="Actuarial assumption of discount rate">5.33</span>%</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Inflation</td> <td style="text-align: right"><span id="xdx_90B_eifrs-full--ActuarialAssumptionOfExpectedRatesOfInflation_iI_pip0_dp_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zU7pnhjdTt34" title="Inflation">4.05</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_90C_eifrs-full--ActuarialAssumptionOfExpectedRatesOfInflation_iI_pip0_dp_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zM8ck8CioLj4" title="Inflation">4.96</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_90D_eifrs-full--ActuarialAssumptionOfExpectedRatesOfInflation_iI_pip0_dp_c20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zWKx5RrPZPB2" title="Inflation">3.90</span>%</td></tr> <tr style="vertical-align: middle; background-color: white"> <td>Real increase in medical costs based on age (Aging Factor) </td> <td id="xdx_98F_ecustom--RealIncreaseInMedicalCostsBasedOnAgeAgingFactor_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember" style="text-align: right" title="Real increase in medical costs based on age (Aging Factor)">0.5% - 3.00% real p.a.</td> <td style="color: red"> </td> <td style="text-align: right"><span id="xdx_905_ecustom--RealIncreaseInMedicalCostsBasedOnAgeAgingFactor_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember" title="Real increase in medical costs based on age (Aging Factor)">0.5% - 3.00% real p.a.</span></td> <td> </td> <td style="text-align: right"><span id="xdx_908_ecustom--RealIncreaseInMedicalCostsBasedOnAgeAgingFactor_c20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zmAU9UKJ9J04" title="Real increase in medical costs based on age (Aging Factor)">0.5% - 3.00% real p.a.</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td>Nominal increase medical costs growth rate </td> <td style="text-align: right"><span id="xdx_904_eifrs-full--ActuarialAssumptionOfMedicalCostTrendRates_iI_pip0_dp_c20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zXQ61DOGSZ84" title="Nominal increase medical costs growth rate">4.10</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_90A_eifrs-full--ActuarialAssumptionOfMedicalCostTrendRates_iI_pip0_dp_c20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zJOR1Wzwlyqf" title="Nominal increase medical costs growth rate">4.10</span>%</td> <td> </td> <td style="text-align: right"><span id="xdx_903_eifrs-full--ActuarialAssumptionOfMedicalCostTrendRates_iI_pip0_dp_c20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zpU35rIzlA1c" title="Nominal increase medical costs growth rate">4.10</span>%</td></tr> <tr style="vertical-align: middle; background-color: white"> <td>Average medical cost (Claim cost)</td> <td style="text-align: right"> <span id="xdx_90C_ecustom--AverageMedicalCost_pip0_c20250101__20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zEaP0IKZG2ub" title="Average medical cost (Claim cost)">1,388.26</span></td> <td> </td> <td style="text-align: right"> <span id="xdx_903_ecustom--AverageMedicalCost_pip0_c20240101__20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zxdq9MHRci51" title="Average medical cost (Claim cost)">1,320.89</span> </td> <td> </td> <td style="text-align: right"> <span id="xdx_90A_ecustom--AverageMedicalCost_pip0_c20230101__20231231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zucNKKeLB3nk" title="Average medical cost (Claim cost)">1,204.48</span> </td></tr> </table> AT 2000 separated by gender 20% AT 2000 separated by gender 20% AT 2000 segregated by gender 20% 0.1196 0.1301 0.0533 0.0405 0.0496 0.0390 0.5% - 3.00% real p.a. 0.5% - 3.00% real p.a. 0.5% - 3.00% real p.a. 0.0410 0.0410 0.0410 1388.26 1320.89 1204.48 <table border="0" cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfQuantitativeSensitivityAnalysisRegardingSignificantAssumptionsForPostEmploymentHealthcarePlansTableTextBlock_zA7btZlNvOKg" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 17)"> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left"><span id="xdx_8B2_z9jPhRSZuREf" style="display: none">Schedule of quantitative sensitivity analysis for significant assumptions</span></td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif; width: 63%"> </td> <td style="font-family: Arial, sans-serif; width: 1%"> </td> <td style="font-family: Arial, sans-serif; width: 18%"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 18%">12/31/2025</td></tr> <tr> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Healthcare Plan</td></tr> <tr style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td colspan="2" style="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Assumption: Discount rate</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_909_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zpukFyJCNfz1" title="Sensitivity level">0.5</span>%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_909_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zKi3RLiIllj7" title="Sensitivity level">-0.5</span>%</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_986_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_pn3n3_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zRD0zUSaHwbl" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">510,034</td> <td id="xdx_983_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">(540,863)</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_982_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pdd" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (10,629,052)</td> <td id="xdx_98D_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleDecreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pdd" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">11,323,696</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="2" style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Assumption: Medical Inflation</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_908_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zs0xjTZGEznb" title="Sensitivity level">1.0</span>%</td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><span id="xdx_904_ecustom--SensitivityLevel_pip0_dp_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zqCkchjLcSe1" title="Sensitivity level">-1.0</span>%</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_985_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">3,102,518</td> <td id="xdx_98F_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations"> (2,773,758)</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_98F_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pdd" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">25,945,554</td> <td id="xdx_988_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMedicalInflationMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfDiscountRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zC4Pv8mEgEn2" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (23,196,224)</td></tr> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="2" style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Assumption: Benefit adjustment</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif">Sensitivity level</td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><span id="xdx_909_ecustom--SensitivityLevelYear_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zQRUyvU9bOWb" title="Sensitivity level, year">+1 year</span></td> <td style="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><span id="xdx_905_ecustom--SensitivityLevelYear_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember" title="Sensitivity level, year">- 1 year</span></td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on current service cost and on interest on actuarial obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_98C_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_pn3n3_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zbhReQi2GgLc" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations"> (2,257,050)</td> <td id="xdx_989_ecustom--EffectOnCurrentServiceCostAndOnInterestOnActuarialObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Effect on current service cost and on interest on actuarial obligations">2,340,830</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 30px; font-family: Arial, sans-serif; text-align: left">Effect on present value of obligations</td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_981_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--PossibleIncreaseInActuarialAssumptionMember__ifrs-full--ActuarialAssumptionsAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_zFf5xl6v7vBc" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations"> (18,875,130)</td> <td id="xdx_98A_ecustom--EffectOnPresentValueOfObligations1_c20250101__20251231__custom--PossibleActuarialAssumptionAxis__custom--ActuarialAssumptionOfMortalityTableMember__ifrs-full--ActuarialAssumptionsAxis__ifrs-full--ActuarialAssumptionOfMortalityRatesMember__ifrs-full--DefinedBenefitPlansAxis__custom--HealthcarePlanMember_pdd" style="font-family: Arial, sans-serif; text-align: right" title="Effect on present value of obligations">19,575,759</td></tr> </table> 0.005 -0.005 510034000 -540863000 -10629052 11323696 0.010 -0.010 3102518000 -2773758000 25945554 -23196224000 +1 year - 1 year -2257050000 2340830000 -18875130000 19575759 <table border="0" cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfForecastBenefitPaymentsOfPostEmploymentHealthcarePlansTableTextBlock_zUV2OjTL44E9" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - EMPLOYEE BENEFITS (Details 18)"> <tr style="vertical-align: middle"> <td style="font-family: Arial, sans-serif"><span id="xdx_8B0_zOPV3uq3RNR1" style="display: none">Schedule of forecast benefit payments of the postemployment healthcare plans</span></td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_49E_20251231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zWUQI6sc7zMl" style="font-family: Arial, sans-serif; text-align: center"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_490_20241231__ifrs-full--DefinedBenefitPlansAxis__custom--PostEmploymentHealthcareBenefitsMember_zM2YnJCYe0Y8" style="font-family: Arial, sans-serif; text-align: center"> </td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; font-family: Arial, sans-serif; width: 42%">Forecast benefit payments</td> <td style="font-family: Arial, sans-serif; text-align: right; width: 19%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 19%">12/31/2025</td> <td style="font-family: Arial, sans-serif; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 19%">12/31/2024</td></tr> <tr id="xdx_409_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsNextTwelveMonths_iI_pn3n3_zmqD7AR1Dodk" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 1</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">55,486</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 66,468</td></tr> <tr id="xdx_402_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearTwo_iI_pn3n3_z1Yc5o5KLZJd" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Year 2</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">52,333</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 62,452</td></tr> <tr id="xdx_401_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearThree_iI_pn3n3_zWDRPsjDn8c5" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 3</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">49,160</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 58,572</td></tr> <tr id="xdx_40E_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearFour_iI_pn3n3_zsdOqnV9kvx2"> <td style="font-family: Arial, sans-serif; vertical-align: middle">Year 4</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">45,963</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"> 54,760</td></tr> <tr id="xdx_408_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsYearFive_iI_pn3n3_zLEWcI2tS99g" style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif">Year 5</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right">42,760</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 51,020</td></tr> <tr id="xdx_40C_ecustom--DefinedBenefitPlanForecastFutureBenefitPaymentsFiveFiscalYearsThereafter_iI_pn3n3_zGeO7DfR7Eu7" style="vertical-align: middle"> <td style="font-family: Arial, sans-serif">Next 5 years</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 167,691</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> 202,310</td></tr> <tr id="xdx_402_ecustom--DefinedBenefitPlanForecastFutureBenefitPayments_iI_pn3n3_z4YRZvrraHba" style="background-color: #DCE6F1"> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Total forecast payments</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> 413,393</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> 495,582</td></tr> </table> 55486000 66468000 52333000 62452000 49160000 58572000 45963000 54760000 42760000 51020000 167691000 202310000 413393000 495582000 <p id="xdx_800_eifrs-full--DisclosureOfCommitmentsExplanatory_zNAXPhdZHqIj" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>33.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_822_z2So1CnMOuyb">COMMITMENTS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><b>33.a)</b></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b>Take<i>-or</i>-pay contracts</b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">As of December 31, 2025, and 2024, the Company was a party to take-or-pay contracts as shown in the following table:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--ScheduleOfTakeOrPayContractsTableTextBlock_pn3n3_zFOBsumby4fi" style="width: 100%; border-collapse: collapse; font-size: 9pt" summary="xdx: Disclosure - COMMITMENTS (Details)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify"><span id="xdx_8BF_zW95io2mrbe1" style="display: none">Schedule of take-or-pay contracts</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Payments in the period</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 41%">Type of service</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 8%">2024</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 11%">2025</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 8%">2026</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 8%">2027</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 10%">After 2027</td> <td style="color: red; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 8%">Total</td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif; text-align: justify"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">Transportation of iron ore, coal, coke, steel products, cement and mining products.</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_98F_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">2,196,306</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">1,900,320</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">1,561,527</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_986_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">138,346</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">1,936,842</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">5,537,035</td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Supply of power, natural gas, oxygen, nitrogen, argon and iron ore pellets.</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_981_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">567,043</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">585,415</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">513,458</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">614,293</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">598,238</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">2,311,404</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: justify">Processing of slag generated during pig iron and steel production.</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_982_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--TypesOfContractsAxis__custom--ProcessingOfSlagGeneratedDuringPigIronAndSteelProductionMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">21,259</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_982_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember__ifrs-full--TypesOfContractsAxis__custom--ProcessingOfSlagGeneratedDuringPigIronAndSteelProductionMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">5,928</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_98E_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember__ifrs-full--TypesOfContractsAxis__custom--ProcessingOfSlagGeneratedDuringPigIronAndSteelProductionMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">41</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_987_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--TypesOfContractsAxis__custom--ProcessingOfSlagGeneratedDuringPigIronAndSteelProductionMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">5,969</td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">Oil Storage and Handling</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_987_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">3,576</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">2,607</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">2,607</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">2,607</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">5,215</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">13,036</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">Labor and consultancy services</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_987_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">26,257</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">27,512</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">27,512</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">27,512</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">82,536</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">165,072</td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif; text-align: justify"> </td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_986_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts"> 2,814,441</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_982_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">2,521,782</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_98D_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">2,105,145</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_985_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts"> 782,758</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_986_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zFKIIrDlSJMa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">2,622,831</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_985_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">8,032,516</td></tr> </table> <p id="xdx_8A1_zJuttGDDXqKd" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b>31.b) Projects and other commitments</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Transnordestina Project, which corresponds to Network II of the Northeast Railway Network, includes 1,753 km of state-of-the-art, large-caliber railway network. The project has an evolution of 64.13% and was expected to be completed in 2017.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On December 23, 2022, following extensive negotiations involving ANTT, TCU, and the Ministry of Infrastructure, the first amendment to the concession contract was signed, redefining the scope and completion deadlines for TLSA's railway sections. Notably, it provided for the return of the SPS section, resulting in a project with the current 1,206 km of railway network and a completion deadline of August 2029. With this act, it also ended the discussion of the administrative procedure for recommendation of forfeiture, which was being processed by the National Land Transportation Agency ("ANTT").</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company expects that the investments will allow TLSA, the concession holder of the Transnordestina Project, to transport various products, such as soybeans, corn, iron ore, limestone, cotton, sugarcane, fertilizers, oil and fuels. The concession period ends in 2057 and may be terminated before that period if the concession holder reaches the minimum return agreed with the Government. TLSA obtained the environmental authorizations required to complete sections under construction and project implementation has advanced. In Ceará, infrastructure works in lots 4 to 8 and lot 11, and mobilization in lots 9 and 10 are currently in progress, in addition to the performance of superstructure services in lots 4 and 5, all of which involve the section that connects Missão Velha to the Port of Pecém (MVP). Track maintenance services are being carried out in parallel on sections 1 and 2 of the railway project, specifically – lots 3 (14km) to 7 of the Eliseu Martins (PI)/Trindade (PE) section, section Salgueiro (PE)/Trindade (PE), Salgueiro (PE)/Missão Velha (CE) stretch, and lots MVP 1 to 3 of the Missão Velha (CE)/Pecém (CE) stretch.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">It is scheduled to occur still in 2025, the start of the commissioned Operation that will take place between the Municipalities of Bela Vista do Piauí (PI) and Iguatu (CE).</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">  </p> <p style="font: 10pt/115% Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><span style="font-family: Symbol">·</span> <span style="font-family: Helvetica light,serif"><b>FTL – Ferrovia Transnordestina Logística S.A. (Operational network)</b></span></p> <p style="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Regarding Malha I, operated by FTL – Ferrovia Transnordestina Logística S.A. ("FTL"), the Company filed a request in July 2022 for Early Extension of the concession contract for an additional 30 years, based on meeting legal requirements and performance targets established by ANTT regarding production volume and safety. Thus, despite an ANTT administrative procedure in 2013 that resulted in a recommendation for the concession contract to lapse, a decision was issued on December 13, 2022, by the Court of Accounts (TCU), Judgment No. 2769/2022, which determined that ANTT and the Ministry of Infrastructure (at the time), within their respective jurisdictions, should adopt measures toward a definitive solution for the concession contract of the network granted to FTL. In September 2023, based on the final report of the working group, the Ministry of Transportation issued OFFICIAL LETTER No. 448/2023/SE to ANTT informing the closure of the recommendation for termination issued in ANTT Deliberation No. 947/2019, of October 22, 2019. Therefore, given the positive negotiation environment for the concession contract and FTL's growth, with record production and EBITDA achievements, the company considers the Early Extension of the concession contract imminent to definitively resolve the mentioned contractual pending issues.</p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--ScheduleOfTakeOrPayContractsTableTextBlock_pn3n3_zFOBsumby4fi" style="width: 100%; border-collapse: collapse; font-size: 9pt" summary="xdx: Disclosure - COMMITMENTS (Details)"> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify"><span id="xdx_8BF_zW95io2mrbe1" style="display: none">Schedule of take-or-pay contracts</span></td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Payments in the period</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom"> </td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 41%">Type of service</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 8%">2024</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 11%">2025</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 8%">2026</td> <td style="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 8%">2027</td> <td style="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 10%">After 2027</td> <td style="color: red; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 8%">Total</td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif; text-align: justify"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td> <td style="font-family: Arial, sans-serif"> </td></tr> <tr style="background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">Transportation of iron ore, coal, coke, steel products, cement and mining products.</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_98F_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">2,196,306</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">1,900,320</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98D_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">1,561,527</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_986_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">138,346</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">1,936,842</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_984_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--TypesOfContractsAxis__custom--TransportationOfIronOreCoalCokeSteelProductsCementAndMiningProductsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">5,537,035</td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Supply of power, natural gas, oxygen, nitrogen, argon and iron ore pellets.</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_981_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">567,043</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98F_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">585,415</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">513,458</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98C_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">614,293</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">598,238</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--TypesOfContractsAxis__custom--SupplyOfPowerNaturalGasOxygenNitrogenArgonAndIronOrePelletsMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">2,311,404</td></tr> <tr style="vertical-align: middle; background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; text-align: justify">Processing of slag generated during pig iron and steel production.</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_982_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--TypesOfContractsAxis__custom--ProcessingOfSlagGeneratedDuringPigIronAndSteelProductionMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">21,259</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_982_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember__ifrs-full--TypesOfContractsAxis__custom--ProcessingOfSlagGeneratedDuringPigIronAndSteelProductionMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">5,928</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_98E_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember__ifrs-full--TypesOfContractsAxis__custom--ProcessingOfSlagGeneratedDuringPigIronAndSteelProductionMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">41</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_987_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--TypesOfContractsAxis__custom--ProcessingOfSlagGeneratedDuringPigIronAndSteelProductionMember_pn3n3" style="font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">5,969</td></tr> <tr> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">Oil Storage and Handling</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_987_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">3,576</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_981_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">2,607</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">2,607</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_987_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">2,607</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">5,215</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_982_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--TypesOfContractsAxis__custom--OilStorageAndHandlingMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">13,036</td></tr> <tr style="background-color: #DCE6F1"> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">Labor and consultancy services</td> <td style="font-family: Arial, sans-serif; vertical-align: bottom"> </td> <td id="xdx_987_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">26,257</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">27,512</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98A_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">27,512</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">27,512</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98E_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">82,536</td> <td style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--TypesOfContractsAxis__custom--LaborAndConsultancyServicesMember_pn3n3" style="font-family: Arial, sans-serif; vertical-align: middle; text-align: right" title="Payments of contracts">165,072</td></tr> <tr style="vertical-align: bottom"> <td style="font-family: Arial, sans-serif; text-align: justify"> </td> <td style="font-family: Arial, sans-serif"> </td> <td id="xdx_986_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts"> 2,814,441</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_982_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">2,521,782</td> <td style="font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_98D_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanThreeYearsMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">2,105,145</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_985_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFourYearsMember_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts"> 782,758</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_986_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_iI_pn3n3_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zFKIIrDlSJMa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">2,622,831</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-family: Arial, sans-serif; text-align: right"> </td> <td id="xdx_985_ecustom--MinimumFuturePaymentsOfTakeOrPayContracts_c20251231_pn3n3" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right" title="Payments of contracts">8,032,516</td></tr> </table> 2196306000 1900320000 1561527000 138346000 1936842000 5537035000 567043000 585415000 513458000 614293000 598238000 2311404000 21259000 5928000 41000 5969000 3576000 2607000 2607000 2607000 5215000 13036000 26257000 27512000 27512000 27512000 82536000 165072000 2814441000 2521782000 2105145000 782758000 2622831000 8032516000 <p id="xdx_808_eifrs-full--DisclosureOfInsuranceContractsExplanatory_z4E3S33L83Ni" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>34.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_821_zQXeqeB6Ow88">INSURANCE</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In order to adequately mitigate risks and in view of the nature of its operations, the Company contracts several types of insurance policy. The policies are contracted in line with the Risk Management policy and are similar to insurance contracted by other companies in the same industry as CSN and its subsidiaries. The coverages of these policies include: National Transport, International Transport, Life and Personal Accident Insurance, Health, Vehicle Fleet, D&amp;O (Directors and Officers Liability Insurance), General Liability, Engineering Risks, Export Credit, Guarantee Insurance, and Port Operator Liability.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company's insurance is contracted together with the insurance of its subsidiaries, however, there is no joint and several liability between the Company and companies of its economic group with CSN Mineração.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">In 2025, after negotiation with insurers and reinsurers in Brazil and overseas, it was renewed from October 1, 2025 to September 30, 2026. Under the terms of said policy, the Maximum Indemnity Limit is US$ <span id="xdx_902_ecustom--IndemnityLimit_pn6n6_c20250101__20251231_zlLzGeKccqsg" title="Indemnity limit">525</span> million for locations at which Company activities are performed, combined for Property Damage and Loss of Profit. Under the terms of the policy, the Company will assume responsibility for a deductible of US$ <span id="xdx_905_ecustom--DeductibleMaterialDamages_pn6n6_c20250101__20251231_zWTrRbduUZS6" title="Deductible material damages">310</span> million for property damage and 45 days for loss of profit. The maximum indemnity limit of the policy is shared with other insured establishments.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 17.85pt; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The risk assumptions adopted, given their specific nature, are not included within the scope of the review of financial statements and consequently were not reviewed by our independent auditors.</p> 525000000 310000000 <p id="xdx_807_ecustom--DisclosureOfAdditionalInformationToCashFlowStatementExplanatory_zxP2RJCwGfo7" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>35.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_82E_z418zKNH1eH6">ADDITIONAL CASH FLOW INFORMATION</span> </b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0 0 0 0.25in; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The following table provides additional information about transactions related to the statement of cash flow:</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ScheduleOfAdditionalInformationRelatedToStatementOfCashFlowsTableTextBlock_pn3n3_zBhRS9VXpDu8" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - ADDITIONAL CASH FLOW INFORMATION (Details)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BF_znBJEzB6BBX4" style="display: none">Schedule of additional information related to statement of cash flows</span></td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_49C_20250101__20251231_zm5MV0Duk6u2" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_498_20240101__20241231_zA8BxSQcoRC6" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49D_20230101__20231231_zz0AnfUwAqS6" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; width: 49%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; width: 9%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_406_ecustom--AdjustmentsForIncomeTaxAndSocialContributionPaid_zRSCipBqiJf7" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Income tax and social contribution paid </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> 633,942</td> <td style="text-align: right"> </td> <td style="text-align: right">1,319,426</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,407,469</td></tr> <tr id="xdx_407_ecustom--AdditionsFromAcquisitionsInvestmentPropertyWithCapitalisedInterest_zRh7j4YgNj9h" style="vertical-align: bottom"> <td>Addition to PP&amp;E with interest capitalization</td> <td> </td> <td style="text-align: center">11 and 30</td> <td> </td> <td style="text-align: right"> 403,302</td> <td style="text-align: right"> </td> <td style="text-align: right"> 206,764</td> <td style="text-align: right"> </td> <td style="text-align: right">182,799</td></tr> <tr id="xdx_40B_ecustom--RemeasurementAndAdditionRightOfUse_zsKBQVLVEF66" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Remeasurement and addition – Right of use</td> <td> </td> <td style="text-align: center">11.b</td> <td> </td> <td style="text-align: right"> 316,848</td> <td style="text-align: right"> </td> <td style="text-align: right"> 299,650</td> <td style="text-align: right"> </td> <td style="text-align: right">197,525</td></tr> <tr id="xdx_40F_ecustom--AdditionToPpeWithoutAddingCash_zObuiDEWRAu6"> <td style="vertical-align: bottom">Addition to PP&amp;E without adding cash</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 21,401</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 32,128</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">114,877</td></tr> <tr id="xdx_403_ecustom--CapitalizationAcqusitionWithNoCashEffect_zso0fxOlnrWe" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Capitalization / acquisition of subsidiary without cash effect</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right">1,533,782</td> <td style="text-align: right"> </td> <td style="text-align: right"> 118,000</td> <td style="text-align: right"> </td> <td style="text-align: right">11,037</td></tr> <tr id="xdx_40D_ecustom--SaleOfEquityStakeWithoutCashImpact_zPKFlB5WIL66" style="vertical-align: bottom"> <td style="background-color: white">Sale of equity stake without cash impact</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> 387,569</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_405_ecustom--NetAdditionalCash_i_pn3n3" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold"><b style="display: none">Net additional cash</b></td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">3,296,844</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,975,968</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 1,913,707</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ScheduleOfAdditionalInformationRelatedToStatementOfCashFlowsTableTextBlock_pn3n3_zBhRS9VXpDu8" style="width: 100%; border-collapse: collapse; font-size: 8pt" summary="xdx: Disclosure - ADDITIONAL CASH FLOW INFORMATION (Details)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8BF_znBJEzB6BBX4" style="display: none">Schedule of additional information related to statement of cash flows</span></td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td id="xdx_49C_20250101__20251231_zm5MV0Duk6u2" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_498_20240101__20241231_zA8BxSQcoRC6" style="text-align: center"> </td> <td style="text-align: right"> </td> <td id="xdx_49D_20230101__20231231_zz0AnfUwAqS6" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; width: 49%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; width: 9%"> </td> <td style="font-weight: bold; width: 1%"> </td> <td style="width: 14%"> </td> <td style="width: 1%"> </td> <td style="width: 11%"> </td> <td style="width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 13%">Consolidated</td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Ref.</td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2025</td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2024</td> <td style="vertical-align: bottom"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right">12/31/2023</td></tr> <tr id="xdx_406_ecustom--AdjustmentsForIncomeTaxAndSocialContributionPaid_zRSCipBqiJf7" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Income tax and social contribution paid </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> 633,942</td> <td style="text-align: right"> </td> <td style="text-align: right">1,319,426</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,407,469</td></tr> <tr id="xdx_407_ecustom--AdditionsFromAcquisitionsInvestmentPropertyWithCapitalisedInterest_zRh7j4YgNj9h" style="vertical-align: bottom"> <td>Addition to PP&amp;E with interest capitalization</td> <td> </td> <td style="text-align: center">11 and 30</td> <td> </td> <td style="text-align: right"> 403,302</td> <td style="text-align: right"> </td> <td style="text-align: right"> 206,764</td> <td style="text-align: right"> </td> <td style="text-align: right">182,799</td></tr> <tr id="xdx_40B_ecustom--RemeasurementAndAdditionRightOfUse_zsKBQVLVEF66" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Remeasurement and addition – Right of use</td> <td> </td> <td style="text-align: center">11.b</td> <td> </td> <td style="text-align: right"> 316,848</td> <td style="text-align: right"> </td> <td style="text-align: right"> 299,650</td> <td style="text-align: right"> </td> <td style="text-align: right">197,525</td></tr> <tr id="xdx_40F_ecustom--AdditionToPpeWithoutAddingCash_zObuiDEWRAu6"> <td style="vertical-align: bottom">Addition to PP&amp;E without adding cash</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 21,401</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> 32,128</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right">114,877</td></tr> <tr id="xdx_403_ecustom--CapitalizationAcqusitionWithNoCashEffect_zso0fxOlnrWe" style="vertical-align: bottom; background-color: #DCE6F1"> <td>Capitalization / acquisition of subsidiary without cash effect</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right">1,533,782</td> <td style="text-align: right"> </td> <td style="text-align: right"> 118,000</td> <td style="text-align: right"> </td> <td style="text-align: right">11,037</td></tr> <tr id="xdx_40D_ecustom--SaleOfEquityStakeWithoutCashImpact_zPKFlB5WIL66" style="vertical-align: bottom"> <td style="background-color: white">Sale of equity stake without cash impact</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: right"> 387,569</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_405_ecustom--NetAdditionalCash_i_pn3n3" style="vertical-align: bottom; background-color: #DCE6F1"> <td style="font-weight: bold"><b style="display: none">Net additional cash</b></td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">3,296,844</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,975,968</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 1,913,707</td></tr> </table> 633942000 1319426000 1407469000 403302000 206764000 182799000 316848000 299650000 197525000 21401000 32128000 114877000 1533782000 118000000 11037000 387569000 3296844000 1975968000 1913707000 <p id="xdx_80A_eifrs-full--DisclosureOfEventsAfterReportingPeriodExplanatory_zNBHP9Dw3Znd" style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Arial,sans-serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 17.85pt"><span style="font-family: Helvetica light,serif"><b>36.</b></span></td><td style="text-align: justify"><span style="font-family: Helvetica light,serif"><b><span id="xdx_826_zNeqgJh8kJL9">SUBSEQUENT EVENTS</span></b></span></td></tr></table> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">STRUCTURED ASSET DISPOSAL PROJECT</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company informed its shareholders and the market in general that its Board of Directors authorized that management initiate a project for the structured sale of important assets, for the purpose of definitively equalizing the Group's capital structure.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">The Company intends to start the implementation of strategic actions in 2026 necessary to reducing indebtedness and balancing the Group's capital structure through the sale of important assets with the objective of deleveraging between R$ <span id="xdx_903_eifrs-full--FinancialAssetsAvailableforsale_iI_pn9n9_c20251231_zRQw7VslmOM9" title="Sale of important assets">15</span> billion and R$ <span id="xdx_906_eifrs-full--CurrentFinancialAssetsAvailableforsale_iI_pn9n9_c20251231_zejkXXq2J1K" title="Capital sale of important assets">18</span> billion. This strategy will allow the Company to concentrate on market segments with the highest potential for profitability, growth and synergies.</p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">AMENDMENT TO THE CONTRACT FOR THE PROVISION OF RAIL FREIGHT TRANSPORT SERVICES</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">On January 26, 2026, the Company entered the Sixth Amendment to the rail freight transport contract with MRS Logística, which extended its term until December 31, 2041, at an estimated total value of R$ <span id="xdx_90E_eifrs-full--EstimatedFinancialEffectOfContingentAssets_iI_pn8n9_c20260126__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember_z1EQ70J0hHj8" title="Estimated total">11.2</span> billion. This amendment includes volume flexibility adjustments, which aim to ensure the continuity and operational sufficiency of provided rail transport services<b>.</b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">EXECUTION OF BINDING COMMITMENT LETTER FOR US$1.2 BILLION SYNDICATED CREDIT FACILITY</span></b></p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/115% Helvetica light,serif; margin: 0; text-align: justify">Companhia Siderúrgica Nacional (“Company” or “CSN”) (B3: CSNA3; NYSE: SID), in compliance with article 157, paragraph 4º, of Law nº 6,404/1976 and CVM Resolution No. 44/2021, hereby informs its shareholders and the market in general that on this date CSN, together with certain subsidiaries, has entered into a binding commitment letter with Morgan Stanley Senior Funding, Inc. and Citigroup Global Markets Inc., Credit Agricole Corporate and Investment Bank, HSBC Securities (USA) Inc., Banco XP S.A., BNP Paribas Sec Corp., Banco do Brasil S.A. New York Branch and Banco Bradesco S.A. providing for a new syndicated senior secured credit facility of CSN Inova Ventures, as borrower, and CSN and CSN Cimentos Brasil S.A., as guarantors, in an aggregate principal amount of US$1.2 billion with potential to increase to US$1.4 billion, with interest rate beginning at SOFR + 6% per annum and a final maturity of 5 years (the “Facility”). CSN intends to use the proceeds of the Facility to refinance existing indebtedness and pay related fees and expenses. The Facility is part of the Company’s broader strategic initiative announced in the Material Fact disclosed on January 15, 2026, which outlined the launch of a structured asset divestment program aimed at optimizing its capital structure. In this context, the Company is structuring the Facility with a syndicate of banks to anticipate a portion of the proceeds expected from such divestments. The Facility is intended to support the reprofiling of the Company’s short- and medium-term indebtedness and is expected to be secured, in part, by certain assets designated for divestment. The consummation of this transaction is subject to the execution of definitive credit documentation and the satisfaction of customary closing conditions for this type of transaction. Finally, the Company reiterates its commitment to transparency and to the timely, accurate, and fair disclosure of information to the market, as required under the applicable regulatory framework.</p> 15000000000 18000000000 11200000000