Note 9. Related parties
Transactions between related parties
The Group has entered into
loan agreements with certain shareholders, executives and directors. The amounts outstanding are unsecured and in the case of default
on payment, a fine of 2% may be imposed on the total value of the loans.
The nature and purpose of
transaction amounts and outstanding balances for related parties consist of the following:
| | |
June 30,
2025 | | |
December 31,
2024 | |
| Related party loan—José Mário(i) | |
| 1,252 | | |
| 1,078 | |
| Total loans from related parties | |
| 1,252 | | |
| 1,078 | |
| | (i) | On August 14, 2024, Nuvini S.A. entered into a loan agreement with Jose Mario, the Company’s Chief Operating Officer, in the principal amount of R$1.0 million with an interest equivalent to the SELIC rate plus rate of 10% per annum, and a 5% penalty on the value of the agreement if the loan payments become overdue. The loan agreement also provides for the right of conversion into shares for the value of the loan on the conversion date plus a 20% premium, at the discretion of lender. This loan remains unpaid as of June 30, 2025, the increased loan balance during the period is due to accrued interest. | Key management compensation
The compensation of the Group’s
executive management team is determined based on the Group’s compensation policy considering the performance of professionals, business
areas and market trends.
Key management compensation is summarized as follows:
| | |
June 30,
2025 | | |
June 30,
2024 | |
| Short-term compensation (including salary) | |
| 4,756 | | |
| 47 | |
| Short-term employee benefits | |
| - | | |
| 24 | |
| Share-based compensation | |
| 14,952 | | |
| 17,354 | |
| Total | |
| 19,708 | | |
| 17,425 | |
|