Carrying amount

Measurement Categories

At Fair Value

December 31, 2025

Amortized Cost

FVOCI

FVPL

Level 1

Level 2

Level 3

Assets

Cash and cash equivalents

572,647

313,728

-

258,919

258,919

-

-

Other investments

2,306,760

827,476

1,069,252

410,032

1,479,284

-

-

Fixed income (time-deposit, zero coupon bonds, commercial papers)

827,476

827,476

-

-

-

-

-

Bonds and other fixed income

1,069,393

-

1,069,252

141

1,069,393

-

-

Mutual fund

409,891

-

-

409,891

409,891

-

-

Derivative financial instruments

1,875

-

335

1,540

-

1,875

-

Other Investments Non-current

758,085

95,090

621,387

41,608

655,867

-

7,128

Bonds and other fixed income

655,867

-

621,387

34,480

655,867

-

-

Fixed income (time-deposit, zero coupon bonds, commercial papers)

95,090

95,090

-

-

-

-

-

Other investments

7,128

-

-

7,128

-

-

7,128

Trade receivables

1,920,840

1,920,840

-

-

-

-

-

Receivables C and NC

443,273

190,124

-

-

-

-

-

Other receivables

190,124

190,124

-

-

-

-

-

Other receivables (non-financial)

253,149

-

-

-

-

-

-

Total

3,347,258

1,690,974

712,099

2,394,070

1,875

7,128

Liabilities

Borrowings C and NC

305,722

305,722

-

-

-

-

-

Trade payables

872,913

872,913

-

-

-

-

-

Other liabilities C and NC

687,795

6,227

-

58,888

-

-

58,888

Other liabilities ^(*)

65,115

6,227

-

58,888

-

-

58,888

Other liabilities (non-financial)

622,680

-

-

-

-

-

-

Lease liabilities C and NC

143,249

143,249

-

-

-

-

-

Derivative financial instruments

14,330

-

6,327

8,002

-

14,329

-

Total

1,328,111

6,327

66,890

-

14,329

58,888

Carrying amount

Measurement Categories

At Fair Value

December 31, 2024

Amortized Cost

FVOCI

FVPL

Level 1

Level 2

Level 3

Assets

Cash and cash equivalents

675,256

320,212

-

355,044

355,044

-

-

Other investments

2,372,999

722,328

1,273,673

1,650,671

-

-

Fixed income (time-deposit, zero coupon bonds, commercial papers)

722,328

722,328

-

-

-

-

-

Bonds and other fixed income

1,273,673

-

1,273,673

-

1,273,673

-

-

Mutual fund

376,998

-

-

376,998

376,998

-

-

Derivative financial instruments

7,484

-

-

7,484

-

7,484

-

Other Investments Non-current

1,005,300

140,292

857,959

7,049

857,959

-

7,049

Bonds and other fixed income

857,959

-

857,959

-

857,959

-

-

Fixed income (time-deposit, zero coupon bonds, commercial papers)

140,292

140,292

-

-

-

-

-

Other investments

7,049

-

-

7,049

-

-

7,049

Trade receivables

1,907,507

1,907,507

-

-

-

-

-

Receivables C and NC

435,973

191,058

-

-

-

-

-

Other receivables

191,058

191,058

-

-

-

-

-

Other receivables (non-financial)

244,915

-

-

-

-

-

-

Total

3,281,397

2,131,632

746,575

2,863,674

7,484

7,049

Liabilities

Borrowings C and NC

437,398

437,398

-

-

-

-

-

Trade payables

880,261

880,261

-

-

-

-

-

Other liabilities C and NC

887,526

31,985

-

243,264

-

-

243,264

Other liabilities ^(*)

275,249

31,985

-

243,264

-

-

243,264

Other liabilities (non-financial)

612,277

-

-

-

-

-

-

Lease liabilities C and NC

144,926

144,926

-

-

-

-

-

Derivative financial instruments

8,300

-

-

8,300

-

8,300

-

Total

1,494,570

-

251,564

-

8,300

243,264