v3.26.1
Statements of Financial Position - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 3,294,788 $ 4,565,136
Margin cash 158,815 159,562
Trade accounts receivable 3,877,391 4,231,924
Inventories 6,761,314 6,107,165
Dividends receivable 2,550 1,465
Biological assets 1,874,438 1,826,766
Recoverable taxes 995,636 957,211
Derivative assets 144,697 155,602
Other current assets 507,887 433,372
TOTAL CURRENT ASSETS 17,617,516 18,438,203
NON-CURRENT ASSETS    
Long-term investments 49,224 45,780
Recoverable taxes 2,011,523 1,874,572
Biological assets 633,547 611,799
Related party receivables 31,398 41,231
Deferred income taxes 539,593 547,014
Other non-current assets 509,245 488,803
TOTAL OTHER NON-CURRENT ASSETS 3,774,530 3,609,199
Investments in equity-accounted investees 293,924 171,612
Property, plant and equipment 14,102,843 13,645,658
Right of use assets 1,617,901 1,613,647
Intangible assets 1,806,930 1,825,592
Goodwill 5,966,655 5,852,575
TOTAL NON-CURRENT ASSETS 27,562,783 26,718,283
TOTAL ASSETS 45,180,299 45,156,486
CURRENT LIABILITIES    
Trade accounts payable 5,453,317 6,198,100
Supply chain finance 1,156,528 1,134,459
Loans and financing 840,120 833,085
Income taxes 163,661 288,030
Other taxes payable 159,119 152,959
Payroll and social charges 1,291,550 1,560,159
Lease liabilities 365,383 354,887
Dividends payable 1,071,287
Provisions for legal proceedings 231,209 159,217
Derivative liabilities 126,672 156,405
Other current liabilities 861,702 704,509
TOTAL CURRENT LIABILITIES 11,720,548 11,541,810
NON-CURRENT LIABILITIES    
Loans and financing 20,524,854 20,257,483
Income and other taxes payable 420,390 407,727
Payroll and social charges 305,282 288,065
Lease liabilities 1,416,771 1,412,398
Deferred income taxes 1,199,170 1,169,300
Provisions for legal proceedings 219,022 209,358
Related party payables 176,220 190,998
Derivative liabilities 87,353 114,376
Other non-current liabilities 49,993 42,180
TOTAL NON-CURRENT LIABILITIES 24,399,055 24,091,885
EQUITY    
Share capital - common shares 41,560 35,114
Reserves 7,970,634 6,582,694
Undistributed results 220,594 2,085,772
Attributable to company shareholders 8,232,788 8,703,580
Attributable to non-controlling interest 827,908 819,211
TOTAL EQUITY 9,060,696 9,522,791
TOTAL LIABILITIES AND EQUITY $ 45,180,299 $ 45,156,486