v3.26.1
Cash flows from financing activities (Tables)
12 Months Ended
Dec. 31, 2025
Cash Flows From Financing Activities  
Schedule of reconciliation of debt to cash flows
           
  Quoted in the secondary market Other debt contracts in Brazil Other debt contracts on the international market Total loans and borrowings Subordinated notes Total
December 31, 2022 6,497 280 4,404 11,181 11,181
Additions 1,500 450 1,950 1,950
Payments (i) (542) (50) (66) (658) (658)
Interest paid (ii) (454) (24) (265) (743) (743)
Cash flow from financing activities 504 (74) 119 549 549
Effect of exchange rate 19 20 (64) (25) (25)
Interest accretion 454 24 288 766 766
Non-cash changes 473 44 224 741 741
December 31, 2023 7,474 250 4,747 12,471 12,471
Additions 2,033 2,822 4,855 4,855
Payments (i) (1,037) (46) (1,522) (2,605) (2,605)
Interest paid (ii) (527) (20) (321) (868) (868)
Cash flow from financing activities 469 (66) 979 1,382 1,382
Acquisition of Aliança Energia 214 32 246 246
Effect of exchange rate (121) 101 (164) (184) (184)
Interest accretion 503 20 354 877 877
Non-cash changes 596 153 190 939 939
December 31, 2024 8,539 337 5,916 14,792 14,792
Additions 1,830 2,888 4,718 750 5,468
Transaction costs (9) (9)
Payments (i) (373) (44) (1,037) (1,454) (1,454)
Interest paid (ii) (610) (23) (367) (1,000) (1,000)
Cash flow from financing activities 847 (67) 1,484 2,264 741 3,005
Transfer to held for sale (Energy Assets) (210) (30) (240) (240)
Effect of exchange rate 145 22 15 182 182
Interest accretion 732 23 381 1,136 4 1,140
Non-cash changes 667 15 396 1,078 4 1,082
December 31, 2025 10,053 285 7,796 18,134 745 18,879