v3.26.1
Financial risk management (Details 4)
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Notes and other explanatory information [abstract]      
Loans and financings $ 1,705,984 $ 1,762,633 $ 1,725,566
Derivative financial instruments (2,341) (1,484) 2,600
Lease liabilities 121,134 95,899 77,405
Cash and cash equivalents (515,871) (620,537) (457,259)
Financial investments (5,687) (19,693) (11,058)
Net debt 1,303,219 1,216,818 1,337,254
Net income (loss) for the period 223,144 (187,407) (291,810)
Depreciation and amortization 288,996 330,198 310,475
Share in the results of associates (21,143) (21,223) (23,536)
Net financial results 187,365 369,460 167,058
Income tax expense (benefit) 108,605 115,556 (4,274)
Miscellaneous adjustments (15,088) 107,496 248,128
Adjusted EBITDA $ 771,879 $ 714,080 $ 406,041
Leverage ratio (Net debt/Adjusted EBITDA) 1.68 1.70 3.29