v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Non-current assets    
Property, plant and equipment, net $ 10,406,110 $ 8,381,155
Intangible assets, net 1,002,361 1,022,111
Investments in non-consolidated companies 562,695 468,516
Other investments 215 22,979
Deferred tax assets 1,039,179 1,194,398
Receivables, net 803,902 961,298
Trade receivables, net 4,261 0
Non-current assets 13,818,723 12,050,457
Current assets    
Receivables, net 822,544 772,726
Current income tax assets 162,475 129,713
Derivative financial instruments 42,581 4,483
Inventories, net 4,093,659 4,750,511
Trade receivables, net 1,535,716 1,562,058
Other investments 1,600,002 2,160,051
Cash and cash equivalents [1] 1,531,204 1,691,263
Current assets excluding assets classified as held for sale 9,788,181 11,070,805
Assets classified as held for sale 8,187 7,285
Current assets 9,796,368 11,078,090
Total assets 23,615,091 23,128,547
EQUITY    
Capital and reserves attributable to the owners of the parent 11,944,300 11,968,186
Non-controlling interest 4,203,446 4,163,383
Total Equity 16,147,746 16,131,569
Non-current liabilities    
Provisions 585,854 552,600
Deferred tax liabilities 24,278 88,707
Non current tax liabilities 13,152 21,436
Other liabilities 956,112 765,961
Trade payables 1,122 5,402
Lease liabilities 138,031 163,666
Borrowings 1,814,587 1,560,047
Non-current liabilities 3,533,136 3,157,819
Current liabilities    
Current income tax liabilities 39,343 106,883
Other liabilities 639,786 629,678
Trade payables 2,073,496 1,925,526
Derivative financial instruments 1,081 50,342
Lease liabilities 48,503 46,458
Borrowings 604,400 670,072
Current liabilities 3,934,209 3,839,159
Total Liabilities 7,467,345 6,996,978
Total Equity and Liabilities 23,615,091 23,128,547
Usiminas    
Current assets    
Total assets 6,485,000 6,439,000
EQUITY    
Capital and reserves attributable to the owners of the parent 4,307,000 4,309,000
Non-controlling interest 525,000 452,000
Current liabilities    
Provision for ongoing litigation related to the acquisition of a participation in Usiminas 527,600 410,200
Total Liabilities $ 2,178,000 $ 2,130,000
[1] It includes restricted cash of $2,838, $2,746 and $3,129 as of December 31, 2025, 2024 and 2023, respectively. In addition, the Company had other investments with a maturity of more than three months for $1,600,061, $2,182,874 and $2,186,420 as of December 31, 2025, 2024 and 2023, respectively.