v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Disclosure Leases Abstract  
Schedule of right of use
           
  December 31, 2024 Additions and contract modifications Depreciation and impairments Transfer to held for sale (note 15a) Translation adjustment June 30, 2025
Ports 51 – (13) – 4 42
Vessels 353 21 (24) – – 350
Pelletizing plants 109 (14) (15) – 15 95
Properties 94 24 (8) (37) 11 84
Energy plants 28 – (3) – 1 26
Others 25 3 (13) – 1 16
Total 660 34 (76) (37) 32 613
Schedule of lease liabilities
             
  December 31, 2024 Additions and contract modifications Payments (i) Interest Transfer to held for sale (note 15a) Translation adjustment June 30, 2025
Ports 54 – (10) 1 – 4 49
Vessels 356 21 (31) 6 – – 352
Pelletizing plants 126 (14) (3) 3 – 17 129
Properties 107 24 (11) 2 (37) 13 98
Energy plants 43 – (2) 2 – 1 44
Others 27 3 (6) 2 – 1 27
Total 713 34 (63) 16 (37) 36 699
Current liabilities 147           175
Non-current liabilities 566           524
Total 713           699

 

(i) The total amount of the variable lease payments not included in the measurement of lease liabilities was US$53 recorded in the income statement in the six-month period ended June 30, 2025 (2024: US$117).
Schedule of summary of annual minimum payments related
               
  2025 2026 2027 2028 2029 onwards Total Remaining term (years) Discount rate
Ports 14 14 1 1 18 48 1 to 18 4% to 5%
Vessels 34 62 61 51 188 396 1 to 8 3% to 4%
Pelletizing plants 34 27 24 24 27 136 1 to 8 2% to 6%
Properties 11 22 21 20 114 188 1 to 14 2% to 6%
Energy plants 5 6 5 5 34 55 1 to 5 5%
Others 6 10 5 3 1 25 1 to 4 3% to 6%
Total 104 141 117 104 382 848