| FINANCIAL RESULTS, NET |
NOTE 26 – FINANCIAL RESULTS, NET | | | | | | | | | Years ended December 31, | | | 2025 | | 2024 | | 2023 | | | | Profit (loss) | Interests on borrowings (*) | | (386,126) | | (173,837) | | (167,520) | Remeasurement in borrowings (**) | | 4,477 | | (135,137) | | 142,649 | Foreign currency exchange gains (losses) on borrowings (***) | | (367,191) | | 2,220,302 | | (1,789,911) | Borrowings renegotiation results | | — | | 2,853 | | (2,289) | Results from repurchase of Notes | | — | | 605 | | — | Total financial results from borrowings | | (748,840) | | 1,914,786 | | (1,817,071) | Fair value gains (losses) on financial assets at fair value through profit or los | | 88,469 | | (59,723) | | 184,263 | Other foreign currency exchange gains (losses) | | 39,855 | | 246,837 | | (171,265) | Other interests, net | | (63,399) | | 31,964 | | 44,202 | Other taxes and bank expenses | | (107,611) | | (153,433) | | (72,582) | Financial expenses on pension benefits | | (4,221) | | (8,861) | | (5,317) | Financial discounts on assets, debts and others | | (25,911) | | (36,340) | | (20,847) | RECPAM | | 183,617 | | 170,007 | | 538,038 | Total other financial results, net | | 110,799 | | 190,451 | | 496,492 | Total financial results, net | | (638,041) | | 2,105,237 | | (1,320,579) |
(*) | Includes $3,613 million and $(3,558) million corresponding to net income (losses) generated by DFI in fiscal years 2024 and 2023, respectively. |
(**) | Related to Notes issued in UVA. |
(***) | Includes $(32,864) million, $(71) million and $22,722 million corresponding to net income (losses) generated by DFI in fiscal years 2025, 2024 and 2023, respectively. |
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