v3.26.3
Lease liability
6 Months Ended
Jun. 30, 2026
Lease Liability  
Lease liability

 

25.Lease liability

Changes in the balance of lease liabilities are presented below:

     
 

Lessors

in Brazil

Lessors

abroad

Total
Balance at December 31, 2025 6,646 36,706 43,352
Remeasurement / new contracts 1,728 3,504 5,232
Payment of principal and interest (1,480) (3,736) (5,216)
Interest expenses 324 1,109 1,433
Foreign exchange losses (234) (2,242) (2,476)
Translation adjustment 425 2,220 2,645
Transfers 1 1 2
Balance at June 30, 2026 7,410 37,562 44,972
Current     10,250
Non-current     34,722

 

 

 

Lessors

in Brazil

Lessors

abroad

Total
Balance at December 31, 2024 5,484 31,665 37,149
Remeasurement / new contracts 1,130 6,735 7,865
Payment of principal and interest (1,224) (3,144) (4,368)
Interest expenses 232 1,057 1,289
Foreign exchange losses (379) (4,249) (4,628)
Translation adjustment 718 4,248 4,966
Balance at June 30, 2025 5,961 36,312 42,273
Current     9,270
Non-current     33,003

 

 

A maturity schedule of the lease arrangements (nominal amounts) is set out as follows:

             
Nominal Future Payments 2026 2027 2028 2029 2030 2031 onwards Total (1)
Nominal amounts on June 30, 2026 5,708 9,241 7,637 5,441 4,109 33,715 65,850
(1) On December 31, 2025, the nominal amounts of future payments are US$ 64,647.

 

 

In certain contracts, there are variable payments and terms of less than 1 year recognized as expenses:

     
    Jan-Jun/2026 Jan-Jun/2025
Variable payments   779 473
Up to 1 year maturity   18 6
Variable payments x fixed payments   14% 11%

 

 

As of June 30, 2026, the nominal amount of lease agreements for which the lease term has not commenced is US$ 18,910 (US$ 20,356 at December 31, 2025). The reduction was mainly due to the commencement of lease-related obligations upon the availability of the corresponding assets for the Company’s use, in addition to the exchange rate effect in the period.

The sensitivity analysis of financial instruments subject to exchange variation is presented in note 27.3.1.