INCOME TAXES (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Notes and other explanatory information [abstract] |
|
| Schedule of income taxes expenses |
| Schedule of income taxes expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Current income tax |
|
|
(138,831 |
) |
|
|
(52,971 |
) |
|
|
(18,798 |
) |
| Deferred income tax |
|
|
7,618 |
|
|
|
(29,720 |
) |
|
|
12,372 |
|
| Total income taxes expense |
|
|
(131,213 |
) |
|
|
(82,691 |
) |
|
|
(6,426 |
) |
|
| Schedule of Deferred tax assets and liabilities |
| Schedule of Deferred tax assets and liabilities |
|
|
|
|
|
|
|
|
| Net deferred income tax assets (liabilities) are classified as follows: |
|
2025 |
|
|
2024 |
|
| |
|
|
|
|
|
|
| Deferred income tax assets |
|
|
35,418 |
|
|
|
15,218 |
|
| Deferred income tax liabilities |
|
|
(37,006 |
) |
|
|
(31,583 |
) |
| Total deferred taxes, net |
|
|
(1,588 |
) |
|
|
(16,365 |
) |
|
| Schedule of deferred income tax asset |
| Schedule of deferred income tax asset |
|
|
|
|
| Balance, December 31, 2022 |
|
|
4,596 |
|
| Recorded in the statement of income (loss) |
|
|
12,372 |
|
| Recorded through other comprehensive income |
|
|
374 |
|
| Exchange differences |
|
|
596 |
|
| Balance, December 31, 2023 |
|
|
17,938 |
|
| Recorded in the statement of income (loss) |
|
|
(29,720 |
) |
| Recorded through other comprehensive income |
|
|
1,942 |
|
| Exchange differences |
|
|
(6,525 |
) |
| Balance, December 31, 2024 |
|
|
(16,365 |
) |
| Recorded in the statement of income (loss) |
|
|
7,618 |
|
| Recorded through other comprehensive income |
|
|
914 |
|
| Acquisition of Bluestone |
|
|
(1,137 |
) |
| Acquisition of MSG |
|
|
7,362 |
|
| Exchange differences |
|
|
20 |
|
| Balance, December 31, 2025 |
|
|
(1,588 |
) |
|
| Schedule of deferred income tax |
| Schedule of deferred income tax |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
| Provision for mine closure and restoration |
|
|
15,597 |
|
|
|
7,057 |
|
| Tax losses carried forward |
|
|
1,034 |
|
|
|
5,831 |
|
| Fair value on acquisitions |
|
|
1,391 |
|
|
|
5,689 |
|
| Non-deductible provisions |
|
|
32,110 |
|
|
|
11,235 |
|
| Non-deductible exchange changes |
|
|
7,170 |
|
|
|
(442 |
) |
| Deferred taxes over non-monetary items |
|
|
(26,771 |
) |
|
|
(31,031 |
) |
| Depreciation |
|
|
(24,113 |
) |
|
|
(9,198 |
) |
| Advance payments |
|
|
(8,612 |
) |
|
|
(3,488 |
) |
| Others |
|
|
606 |
|
|
|
(2,018 |
) |
| Total of deferred tax assets and liabilities |
|
|
(1,588 |
) |
|
|
(16,365 |
) |
|
| Schedule of effective tax rate |
| Schedule of effective tax rate |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Income before Income taxes |
|
|
51,873 |
|
|
|
52,420 |
|
|
|
38,306 |
|
| Income taxes at statutory rate applicable to the parent Company (0%) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Adjustments for calculating the effective rate |
|
|
|
|
|
|
|
|
|
|
|
|
| Tax calculated at the domestic rates |
|
|
(137,512 |
) |
|
|
(49,094 |
) |
|
|
(20,480 |
) |
| Non-deductible expenses/non-taxable (income) |
|
|
7,931 |
|
|
|
(1,585 |
) |
|
|
5,918 |
|
| Deferred tax assets from losses carried forward |
|
|
12,887 |
|
|
|
1,323 |
|
|
|
10,251 |
|
| Unrecognized deferred tax asset (losses carried forward) |
|
|
(4,882 |
) |
|
|
(10,043 |
) |
|
|
(3,387 |
) |
| Tax exemptions (a) |
|
|
9,223 |
|
|
|
1,261 |
|
|
|
910 |
|
| Withholding taxes on distribution |
|
|
(7,560 |
) |
|
|
(2,944 |
) |
|
|
- |
|
| Tax over translation adjustments |
|
|
(24,214 |
) |
|
|
2,633 |
|
|
|
- |
|
| Deferred taxes over non-monetary items |
|
|
14,208 |
|
|
|
(19,309 |
) |
|
|
1,904 |
|
| Others |
|
|
(1,294 |
) |
|
|
(4,933 |
) |
|
|
(1,542 |
) |
| Income tax expense |
|
|
(131,213 |
) |
|
|
(82,691 |
) |
|
|
(6,426 |
) |
| Effective tax rate |
|
|
(253.0 |
%) |
|
|
(158 |
%) |
|
|
16.78 |
% |
(a) As of December 31, 2025, the Company recognized a total of USD 9,223 in tax exemptions, of which USD 8,221 relates to the profit from operations incentive and USD 1,002 to the Workers Food Program (PAT), in accordance with applicable legislation.
|