v3.26.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure Leases Abstract  
Schedule of right of use
           
  December 31, 2024 Additions and contract modifications Depreciation and impairments Transfer to held for sale (note 31a) Translation adjustment December 31, 2025
Ports 51 (8) (21) – 4 26
Vessels 353 44 (52) – – 345
Pelletizing plants 109 – (32) – 13 90
Properties 94 31 (17) (37) 12 83
Energy plants 28 – (7) – – 21
Others 25 29 (12) – – 42
Total 660 96 (141) (37) 29 607
Schedule of lease liabilities
             
  December 31, 2024 Additions and contract modifications Payments (i) Interest Transfer to held for sale (note 31a) Translation adjustment December 31, 2025
Ports 54 (8) (21) 2 – 4 31
Vessels 356 44 (65) 13 – 2 350
Pelletizing plants 126 – (51) 6 – 16 97
Properties 107 31 (20) 5 (37) 11 97
Energy plants 43 – (3) 3 –   43
Others 27 29 (14) 2 – 6 50
Total 713 96 (174) 31 (37) 39 668
Current liabilities 147           160
Non-current liabilities 566           508
Total 713           668

(i) The total amount of the variable lease payments not included in the measurement of lease liabilities was US$94 recorded in the income statement for the year ended December 31, 2025 (2024 and 2023: US$253 and US$112, respectively).
Schedule of summary of annual minimum payments related
               
  2026 2027 2028 2029 2030 onwards Total Remaining term (years) Discount rate
Ports 14 1 1 1 16 33 1 to 17 4% to 5%
Vessels 71 70 59 50 138 388 1 to 7 3% to 4%
Pelletizing plants 37 26 23 6 21 113 1 to 7 2% to 5%
Properties 22 21 20 15 31 109 1 to 13 2% to 6%
Energy plants 6 5 5 5 29 50 1 to 4 5%
Others 19 14 10 6 3 52 1 to 4 3% to 6%
Total 169 137 118 83 238 745