v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 4,565,136 $ 5,613,672
Margin cash 159,562 136,554
Trade accounts receivable 4,231,924 3,735,540
Dividends receivable 1,465
Inventories 6,107,165 5,015,989
Biological assets 1,826,766 1,608,223
Recoverable taxes 957,211 637,728
Derivative assets 155,602 84,468
Other current assets 433,372 288,842
TOTAL CURRENT ASSETS 18,438,203 17,121,016
NON-CURRENT ASSETS    
Long-term investments 45,780
Recoverable taxes 1,874,572 1,412,455
Biological assets 611,799 518,234
Related party receivables 41,231 77,355
Deferred income taxes 547,014 651,178
Other non-current assets 488,803 268,737
TOTAL OTHER NON-CURRENT ASSETS 3,609,199 2,927,959
Investments in equity-accounted investees 171,612 38,312
Property, plant and equipment 13,645,658 11,780,880
Right of use assets 1,613,647 1,596,873
Intangible assets 1,825,592 1,803,199
Goodwill 5,852,575 5,417,134
TOTAL NON-CURRENT ASSETS 26,718,283 23,564,357
TOTAL ASSETS 45,156,486 40,685,373
CURRENT LIABILITIES    
Trade accounts payable 6,198,100 5,465,513
Supply chain finance 1,134,459 728,710
Loans and financing 833,085 2,084,225
Income taxes 288,030 233,027
Other taxes payable 152,959 113,734
Payroll and social charges 1,560,159 1,435,751
Lease liabilities 354,887 335,681
Dividends payable 358,621
Provisions for legal proceedings 159,217 280,804
Derivative liabilities 156,405 165,979
Other current liabilities 704,509 455,020
TOTAL CURRENT LIABILITIES 11,541,810 11,657,065
NON-CURRENT LIABILITIES    
Loans and financing 20,257,483 17,242,571
Income and other taxes payable 407,727 406,655
Payroll and social charges 288,065 352,718
Lease liabilities 1,412,398 1,398,348
Deferred income taxes 1,169,300 1,095,291
Provisions for legal proceedings 209,358 216,659
Related party payable 190,998
Derivative liabilities 114,376 100,087
Other non-current liabilities 42,180 81,615
TOTAL NON-CURRENT LIABILITIES 24,091,885 20,893,944
EQUITY    
Share capital - common shares 35,114 13,177,841
Reserves [1] 6,582,694 (6,083,376)
Undistributed results 2,085,772
Attributable to company shareholders 8,703,580 7,094,465
Attributable to non-controlling interest 819,211 1,039,899
TOTAL EQUITY 9,522,791 8,134,364
TOTAL LIABILITIES AND EQUITY $ 45,156,486 $ 40,685,373
[1] The reserves for 2024 have been aggregated to ensure comparability, considering the corporate restructuring that occurred in 2025 (see Note 1.1).