v3.26.1
FOREIGN CURRENCY TRANSACTIONS
6 Months Ended
Jun. 30, 2026
Foreign exchange rates [abstract]  
FOREIGN CURRENCY TRANSACTIONS FOREIGN CURRENCY TRANSACTIONS
Foreign currency transactions are recorded at the exchange rate prevailing at the transaction dates. Monetary assets and liabilities designated in foreign currency are determined based on the exchange rate in effect at the end of the reporting period, and any differences resulting from currency translation are recorded under “Foreign currency exchange, net” in the statement of operations.
The exchange rates in Brazilian reais are as follows:

Final exchange rates
DescriptionJune 30, 2026December 31, 2025Variation %
U.S. dollar5.1766 5.5024 (5.9%)
Euro5.9106 6.4692 (8.6%)

Average exchange rates
Three-month periods endedSix-month periods ended
DescriptionJune 30, 2026June 30, 2025Variation %June 30, 2026June 30, 2025Variation %
U.S. dollar5.0494 5.6661 (10.9)%5.1543 5.7591 (10.5)%
Euro5.8703 6.4236 (8.6)%6.0107 6.2922 (4.5)%