v3.26.1
FINANCIAL INCOME AND FINANCIAL EXPENSES
 12 Months Ended
Dec. 31, 2025
Financial Income And Financil Expenses [Abstract]  
FINANCIAL INCOME AND FINANCIAL EXPENSES FINANCIAL INCOME AND FINANCIAL EXPENSES
 12.31.202512.31.202412.31.2023
Financial income:
Interest on cash and cash equivalents and financial investments95.2 98.8 105.8 
Derivative financial instruments81.9 88.0 — 
Warrants: adjustment to fair value77.9 78.1 — 
Interest on receivables24.5 43.1 13.7 
Financial structuring— — 8.3 
Adjustment to fair value of Financing to customers— — 0.4 
Taxes over Financial revenue(3.3)(5.0)(3.2)
 Gain from modification of a financial liability18(ii)26.6 — — 
Others13.3 8.1 3.6 
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)— 
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— — (3.2)
Others(51.8)(14.8)(9.7)
(615.0)(415.6)(321.9)