v3.26.1
INCOME TAX AND SOCIAL CONTRIBUTION - Reconciliation of expense with income tax and social contributions (Details) - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of expense with income tax and social contribution      
Operating income (loss) before taxes R$ (6,979,950) R$ 10,620,783 R$ 1,396,363
IRPJ and CSLL calculated at nominal rates 2,373,183 (3,611,067) (474,763)
Effects of additions and deletions      
Equity Method 630,353 10,168 515,523
Dividends / interest on equity (IOE) 621,084 0 0
Tax loss offset 14,486 97,002 0
Tax incentives - impacts of deferral 211,031 402,828 290,574
Unrecognized / reversed deferred taxes (3,173,560) (623,082) 93,800
Deferral tax 254,875 656,515 (663,640)
Other permanent additions and exclusions 117,450 203,890 893,556
Total (debit)/credit of IRPJ and CSLL of transactions R$ 1,048,902 R$ (2,863,746) R$ 655,050
Effective tax rate (%) of transactions 0.00% 26.96% 0.00%
Constitution/reversal of tax credits R$ 12,490,705 R$ 2,623,716 R$ 2,343,448
Total (debit)/credit of IRPJ and CSLL R$ 13,539,607 R$ (240,030) R$ 2,998,498