v3.26.1
Cash and cash equivalents
12 Months Ended
Dec. 31, 2025
Cash and cash equivalents  
Cash and cash equivalents

21       Cash and cash equivalents

At December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

Cash to be deposited

281

540

Cash at banks

 

171,762

 

189,684

Time deposits

 

33,873

 

21,615

Other cash equivalents (1)

 

386,843

 

228,008

 

592,759

 

439,847

(1) Mainly includes bank deposit certificates with immediate liquidity, treasury bills and highly liquid investments in mutual funds.

The Group considers that its cash and cash equivalents have low credit risk based, mainly, on the external credit ratings of the counterparties.

As of December 31, 2025, cash and cash equivalents includes restricted cash on deposit as collateral for a total amount of USD 4,924 (USD 4,621 as of December 31, 2024).