v3.26.1
Risk Management and Financial Instruments - Schedule of Consolidated Financial Statements (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair value through profit or loss (1)    
Financial / Overnight investments [1] $ 1,887,853 $ 3,270,848
National treasury bills [1] 123,204 97,530
Derivative assets [1] 155,441 75,984
Fair Value through Other Comprehensive Income    
Investment in financial assets at fair value 49,908 79,806
Other current financial investments 10,220
Derivative assets 161 8,484
Amortized cost (2)    
Cash at banks [2] 2,557,740 2,197,822
CME Margin investments [2] 105,993 104,220
Trade accounts receivable [2] 4,231,924 3,735,540
Dividends Receivable [2] 1,465
Related party receivables [2] 41,231 77,355
Financial investments [2] 45,780
Total [2] 9,200,700 9,657,809
Amortized cost    
Loans and financing (21,090,568) (19,326,796)
Trade accounts payable and supply chain finance (7,332,559) (6,194,223)
Debt with related party (190,998)
Lease (1,767,285) (1,734,029)
Fair value through profit or loss    
Derivative liabilities (267,214) (264,543)
Fair Value through Other Comprehensive Income    
Derivative liabilities (3,567) (1,523)
Total $ (30,652,191) $ (27,521,114)
[1] CDBs are updated at the contractual rate but have a short-term and the counterparties are financial institutions, and their carrying amount is approximate to fair value. National treasury bill are measured at fair value.
[2] Loans and receivables are classified as amortized cost. The trade accounts receivable are short-term and net of expected losses.