NOTE 18 – LEASES LIABILITIES | | | | | | | As of December 31, | | | 2025 | | 2024 | Current | | 149,030 | | 98,045 | Non- current | | 239,266 | | 182,123 | Total lease liabilities | | 388,296 | | 280,168 |
Movements in the lease liabilities are as follows: | | | | | | | Years ended December 31, | | | 2025 | | 2024 | At the beginning of the year | | 280,168 | | 253,937 | Increases (1) | | 179,551 | | 283,793 | Acquisitions through business combination (2) | | 134,471 | | — | Financial results, net (3) | | 72,573 | | 31,914 | Payments | | (196,180) | | (121,016) | Decreases (included RECPAM and currency translation adjustments) | | (82,287) | | (168,460) | At the end of the year | | 388,296 | | 280,168 |
(1)Included in acquisitions of Rights of use. (2)Corresponds to the acquisition of TMA (see Note 29). (3)Included in Other foreign currency exchange gains (losses) and Other interests, net.
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