Income tax - Tax rate (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Income tax | |||
| Income / (loss) for the year before income tax | $ 332,682 | $ 606,732 | $ 202,226 |
| Tax calculated at the tax rate in each country | (81,451) | (212,374) | (59,160) |
| Adjustments | |||
| Non-taxable income | 18,618 | 34,130 | 57,519 |
| Expenses related to non-taxable income | (12,478) | (12,689) | (8,871) |
| Non-deductible expenses | (17,474) | (11,221) | (3,581) |
| Effect of tax inflation adjustment | (43,810) | (167,973) | (114,289) |
| Effect of inflation adjustment | (40,612) | (80,365) | (53,895) |
| Effect of asset revaluation for tax purposes | 103,172 | 118,242 | 119,483 |
| Inflation adjustment for tax purposes of tax losses | 6,993 | 76,622 | 81,273 |
| Unrecognized deferred taxes | (18,424) | (49,631) | (11,427) |
| Investment project exonerations | 16,160 | 12,737 | 12,552 |
| Other | (5,657) | (6,298) | 4,637 |
| Income tax | $ (74,963) | $ (298,820) | $ 24,241 |
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- References No definition available.
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- References No definition available.
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- Definition Represents effect of inflation adjustment No definition available.
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to tax losses due to inflation adjustment. [Refer: Accounting profit] No definition available.
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to asset revaluation for tax purposes. No definition available.
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to expense associated with revenues that are exempt from taxation. No definition available.
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to investment project exonerations. No definition available.
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to tax inflation adjustments. No definition available.
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to unrecognized deferred taxes. No definition available.
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- Definition The amount of profit (loss) for a period before deducting tax expense. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that the entity does not separately disclose in the same statement or note. [Refer: Accounting profit; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to expenses not deductible in determining taxable profit (tax loss). [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to revenues that are exempt from taxation. [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The product of the accounting profit multiplied by the applicable tax rate(s). [Refer: Accounting profit; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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