v3.26.1
OTHER LIABILITIES
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
OTHER LIABILITIES

18       OTHER LIABILITIES

 

               
    2025     2024  
NSR royalty (note 18 (a))     1,286       971  
Lease payment obligation (note 18 (b))     24,120       24,251  
Total other liabilities     25,406       25,222  
Current     18,933       14,190  
Non-current     6,473       11,032  

 

a)         NSR Royalty

 

The movements of the NSR Royalty is as follows:

 

                       
    2025     2024     2023  
Balance, beginning of year     971       826       638  
Royalty payments     (2,025 )     (1,699 )     (1,452 )
Increase in NSR obligations     2,340       1,844       1,640  
Balance, end of year     1,286       971       826  

 

b)         Lease Payment Obligation

 

The movements of the lease liability obligation are as follows:

 

                       
    2025     2024     2023  
Balance, beginning of year     24,251       38,654       39,252  
Acquisition of Bluestone     7       -       -  
Acquisition of MSG (Note 5 (b))     3,186       -       -  
Change in estimate (a)     6,926       2,711       3,585  
Accretion expense (Note 24)     4,231       9,144       7,120  
Lease payments (Principal)     (12,688 )     (13,285 )     (13,395 )
Lease payments (Interest)     (3,294 )     (3,917 )     -  
Foreign exchange     1,501       (9,056 )     2,092  
Balance, end of year     24,120       24,251       38,654  
Current     17,647       13,216       13,945  
Non-current     6,473       11,035       24,709  

 

(a) Mainly related to the contractual increase in lease payments of the subsidiary Apoena, which resulted in the remeasurement of the related lease liability.

 

The weighted average discount rate applied to the new lease liabilities within the year ended December 31, 2025 was 13.37% (11.73% in 2024), based on their corresponding incremental borrowing rate.

 

Lease liabilities are reflected within the current and long-term liabilities in the consolidated statements of financial position. The finance cost or amortization of the discount on the lease liabilities are charged to the consolidated statements of income using the effective interest method.