v3.26.1
Net Finance Expense - Schedule of Net Finance Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Schedule of Net Finance Expense [Abstract]      
Gains / (losses) from exchange rate variation [1] $ 77,771 $ 138,377 $ 57,525
Fair value adjustments on derivatives (217,427) (502,644) 82,928
Interest expense [2] (1,677,957) (1,647,112) (1,732,928)
Interest income [3] 417,197 453,731 326,442
Bank fees and others [1] (155,860) (112,115) (87,372)
NET FINANCE EXPENSE (1,556,276) (1,669,763) (1,353,405)
Finance income 565,207 719,370 584,216
Finance expense $ (2,121,483) $ (2,389,133) $ (1,937,621)
[1] Includes indexation for legal expenses
[2] For the year ended December 31, 2025, 2024 and 2023 the amount of US$1,220,844, US$1,152,892 and US$1,183,852 respectively, refers to interest expenses from loans and financings.
[3] For the year ended December 31, 2025, 2024 and 2023 the amount of US$70,797, US$97,980 and US$117,866 , respectively, refers to interest income from present value adjustments. In addition, for the year ended December 31, 2025, the amount of US$169,330 (US$182,812 and US$105,839 for the year ended December 31, 2024 and 2023 respectively), refers to interest income from short-term investments.