v3.26.1
FINANCIAL INCOME AND FINANCIAL EXPENSES (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financial income:      
Interest on cash and cash equivalents and financial investments $ 95.2 $ 98.8 $ 105.8
Derivative financial instruments 81.9 88.0 0.0
Warrants: adjustment to fair value 77.9 78.1 0.0
Interest on receivables 24.5 43.1 13.7
Financial structuring 0.0 0.0 8.3
Adjustment to fair value of Financing to customers 0.0 0.0 0.4
Taxes over Financial revenue (3.3) (5.0) (3.2)
Gain from modification of a financial liability 26.6 0.0 0.0
Others 13.3 8.1 3.6
Financial income 316.1 311.1 128.6
Financial expenses:      
Interest on loans and financing (167.8) (191.7) (213.7)
Long-term incentives - phantom shares (244.3) (113.2) (31.4)
Warrants: adjustment to fair value (73.3) (42.6) (29.6)
Adjustment to fair value of Financing to customers (45.9) (31.0) 0.0
Other interest and banking operations (20.8) (19.9) (14.8)
IOF - (tax on financial transactions) (2.7) (1.5) (12.2)
Interest on taxes, social charges and contributions (8.4) (0.9) (7.3)
Financial restructuring costs 0.0 0.0 (3.2)
Others (51.8) (14.8) (9.7)
Financial expenses $ (615.0) $ (415.6) $ (321.9)