Note 23 - Other liabilities (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Note 23 - Other liabilities |
|
| Disclosure of other non-current liabilities [text block] |
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
Post-employment benefits
|
141,440
|
|
|
131,564
|
|
|
Other long-term benefits
|
103,705
|
|
|
101,260
|
|
|
Other liabilities with related parties
|
4,383
|
|
|
2,084
|
|
|
Miscellaneous
|
61,179
|
|
|
66,843
|
|
|
|
310,707
|
|
|
301,751
|
|
|
| Disclosure of net defined benefit liability (asset) [text block] |
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
Unfunded
|
140,532
|
|
|
129,032
|
|
|
Funded
|
908
|
|
|
2,532
|
|
|
|
141,440
|
|
|
131,564
|
|
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
Values at the beginning of the year
|
129,032
|
|
|
112,532
|
|
|
Current service cost
|
7,430
|
|
|
7,206
|
|
|
Interest cost
|
10,409
|
|
|
14,692
|
|
|
Curtailments and settlements
|
(960
|
) |
|
(131
|
) |
|
Remeasurements (*)
|
5,129
|
|
|
7,506
|
|
|
Translation differences
|
(1,650
|
) |
|
(6,865
|
) |
|
Benefits paid from the plan
|
(7,732
|
) |
|
(8,345
|
) |
|
Other
|
(1,126
|
) |
|
2,437
|
|
|
At the end of the year
|
140,532
|
|
|
129,032
|
|
| (*) |
For the year 2025 a loss of $0.3 million is attributable to demographic assumptions and a loss of $4.8 million to financial assumptions. |
|
For the year 2024 a loss of $1.6 million is attributable to demographic assumptions and a loss of $5.9 million to financial assumptions. |
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
Present value of funded obligations
|
14,652
|
|
|
91,698
|
|
|
Fair value of plan assets
|
(18,524
|
) |
|
(102,653
|
) |
|
Asset (*)
|
(3,872
|
) |
|
(10,955
|
) |
| (*) |
In 2025 and 2024, $4.8 million and $13.5 million corresponding to plans with surplus balances that were reclassified to other receivables-non current respectively, consequently the net post-employment benefits funded exposed as liabilities amounted to $0.9 million and $2.5 million respectively. |
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
At the beginning of the year
|
91,698
|
|
|
123,234
|
|
|
Translation differences
|
3,885
|
|
|
(5,627
|
) |
|
Current service cost
|
182
|
|
|
176
|
|
|
Interest cost
|
3,874
|
|
|
5,424
|
|
|
Remeasurements (*)
|
41
|
|
|
(182
|
) |
|
Benefits paid
|
(6,198
|
) |
|
(8,300
|
) |
|
Other (**)
|
(78,830
|
) |
|
(23,027
|
) |
|
At the end of the year
|
14,652
|
|
|
91,698
|
|
| (*) |
For the year 2025 a loss of $0.7 million is attributable to demographic assumptions and a loss of $0.6 million to financial assumptions. |
|
For the year 2024 a loss of $0.1 million is attributable to demographic assumptions and a loss of $0.1 million to financial assumptions. |
| (**) |
For the year 2025, includes mainly pension plan terminations in the United States and Canada. |
|
For the year 2024, includes mainly pension plan terminations in Canada. |
|
| Disclosure of sensitivity analysis for actuarial assumptions [text block] |
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
Discount rate
|
4% - 7%
|
|
|
3% - 8%
|
|
|
Rate of compensation increase
|
2% - 6%
|
|
|
2% - 6%
|
|
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
Discount rate
|
4% - 6%
|
|
|
5% - 6%
|
|
|
Rate of compensation increase
|
3% - 4%
|
|
|
3% - 3%
|
|
|
| Disclosure of fair value of plan assets [text block] |
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
At the beginning of the year
|
(102,653
|
) |
|
(134,052
|
) |
|
Translation differences
|
(4,070
|
) |
|
7,047
|
|
|
Return on plan assets
|
(4,406
|
) |
|
(6,010
|
) |
|
Remeasurements
|
1,255
|
|
|
(302
|
) |
|
Contributions paid to the plan
|
(3,809
|
) |
|
(1,269
|
) |
|
Benefits paid from the plan
|
6,198
|
|
|
8,300
|
|
|
Other (*)
|
88,961
|
|
|
23,633
|
|
|
At the end of the year
|
(18,524
|
) |
|
(102,653
|
) |
| (*) |
For the year 2025, includes mainly pension plan terminations in the United States and Canada, including cash received from surplus assets in Canada. |
|
For the year 2024, includes mainly pension plan terminations in Canada. |
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
Equity instruments
|
0%
|
|
|
3%
|
|
|
Debt instruments
|
66%
|
|
|
60%
|
|
|
Others (*)
|
34%
|
|
|
37%
|
|
| (*) |
For the years 2025 and 2024, includes assets held by insurance companies. |
|
| Disclosure of other current liabilities [text block] |
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
Payroll and social security payable
|
271,363
|
|
|
270,016
|
|
|
Shares to be settled under buyback program
|
58,888
|
|
|
243,264
|
|
|
Miscellaneous
|
46,837
|
|
|
72,495
|
|
|
At the end of the year
|
377,088
|
|
|
585,775
|
|
|