EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2025

Earnings per share [abstract]

EARNINGS PER SHARE


12/31/2025
Numerator						Common						Preferred A						Preferred B						Preferred C			Total
Profit attributable to each class of shares - Continued Operation						4,519,721						367						686,202						1,352,185			6,558,475



Denominator						Common						Preferred A						Preferred B						Preferred C
Weighted average number of shares						1,975,375						146						272,645						590,982
% of shares in relation to the total						69.58						0.01						9.60						20.82




Earnings per share - Basic (R$)						2.29						2.52						2.52						2.29


12/31/2024
Numerator						Common						Preferred A						Preferred B						Preferred C			Total
Profit attributable to each class of shares - Continuing Operation						7,148,879						566						1,087,731						2,140,946			10,378,122



Denominator						Common						Preferred A						Preferred B						Preferred C
Weighted average number of shares						1,973,983						142						273,045						591,168
% of shares in relation to the total						69.54						0.01						9.62						20.83




Earnings per share - Basic (R$)						3.62						3.98						3.98						3.62


12/31/2023
Numerator						Common						Preferred A						Preferred B						Preferred C						Total
Profit attributable to each class of shares - Continuing Operation						3,369,940						253						511,992						999,604						4,881,788
Loss attributable to each class of shares - Discontinued Operation						(229,192)						(17)						(34,821)						(67,984)						(332,014)
Profit for the Year						3,140,748						235						477,171						931,620						4,549,774

Denominator						Common						Preferred A						Preferred B						Preferred C
Weighted average number of shares						1,995,507						136						275,614						591,915
% of shares in relation to the total						69.70						—						9.63						20.67

Basic earnings per share from continuing operations (R$)						1.69						1.86						1.86						1.69
Basic earnings per share from discontinued operation (R$)						(0.11)						(0.13)						(0.13)						(0.11)

Earnings per share (R$) - Basic						1.57						1.73						1.73						1.57

As of December 31, 2025, based on the liability balance related to the compulsory loan, a simulated dilution was calculated with the inclusion of 16,983 Class "B" preferred shares in the earnings per share calculation, as presented below:


12/31/2025
Numerator						Common						Preferred A						Converted Preferred B						Preferred B						Preferred C			Total
Profit attributable to each class of shares - Continued Operation						4,490,454						365						42,467						681,759						1,343,430			6,558,475



Denominator						Common						Preferred A						Converted Preferred B						Preferred B						Preferred C
Weighted average number of shares in thousands						1,975,375						146						16,983						272,645						590,982
% of shares in relation to the total						69.16						0.01						0.59						9.55						20.69




Earnings per share (R$) - diluted						2.27						2.50						2.50						2.50						2.27


12/31/2024
Numerator						Common						Preferred A						Converted Preferred B						Preferred B						Preferred C						Total
Profit attributable to each class of shares - Continued Operation						7,083,352						560						99,037						1,076,444						2,118,730						10,378,122



Denominator						Common						Preferred A						Converted Preferred B						Preferred B						Preferred C
Weighted average number of shares in thousands						1,976,398						142						25,121						273,045						591,168
% of shares in relation to the total						68.96						—						0.88						9.53						20.63




Earnings per share - diluted (R$)						3.58						3.94						3.94						3.94						3.58


12/31/2023
Numerator						Common						Preferred A						Converted Preferred B						Preferred B						Preferred C						Total
Profit attributable to each class of shares - Continued Operation						3,337,149						250						47,502						507,010						989,877						4,881,788
Loss attributable to each class of shares - Discontinued Operation						(226,962)						(17)						(3,231)						(34,482)						(67,322)						(332,014)
Profit for the Year						3,110,187						233						44,271						472,528						922,554						4,549,774

Denominator						Common						Preferred A						Converted Preferred B						Preferred B						Preferred C
Weighted average number of shares in thousands						1,995,507						136						25,822						275,614						591,915
% of shares in relation to the total						69.07						—						0.89						9.54						20.49

Earnings per share - diluted (R$)						1.67						1.84						1.84						1.84						1.67
Diluted earnings per share from discontinued operation (R$)						(0.11)						(0.13)						(0.13)						(0.13)						(0.11)

Earnings per share - diluted (R$)						1.56						1.71						1.71						1.71						1.56