v3.26.3
Risk management and financial instruments - Schedule of Assets and Liabilities Exposed to Floating Interest Rates (Details) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Net exposure to the CDI rate:    
Total $ 204,822 $ (289,012)
Net exposure to the IPCA rate:    
Total (1,906,059) (1,356,119)
Liabilities exposure to the SOFR rate:    
Total (152,287) (266,594)
Liabilities exposure to the Euribor rate:    
Total (95,709) (89,049)
CRA - Agribusiness Credit Receivable Certificates    
Net exposure to the CDI rate:    
Total (138,069) (54,231)
Net exposure to the IPCA rate:    
Total (2,171,733) (2,165,193)
Credit note - export    
Net exposure to the CDI rate:    
Total 0 (410)
Rural - Credit note    
Net exposure to the CDI rate:    
Total (205,139) (114,282)
Related party transactions    
Net exposure to the CDI rate:    
Total (102,646) (105,892)
Net exposure to the IPCA rate:    
Total 17,124 (43,875)
CDB-DI (Bank certificates of deposit)    
Net exposure to the CDI rate:    
Total 831,847 727,695
CME Margin investments    
Net exposure to the CDI rate:    
Total 36,648 105,760
Treasury bills    
Net exposure to the CDI rate:    
Total 118,871 75,286
Net exposure to the IPCA rate:    
Total 42,593 47,920
Debentures    
Net exposure to the IPCA rate:    
Total (75,667) 0
Subtotal    
Net exposure to the CDI rate:    
Total 541,512 633,926
Net exposure to the IPCA rate:    
Total (2,187,683) (2,161,148)
Derivatives (Swap)    
Net exposure to the CDI rate:    
Total (336,690) (922,938)
Net exposure to the IPCA rate:    
Total 281,624 805,029
Export credit note    
Liabilities exposure to the SOFR rate:    
Total 0 (254,903)
Prepayment - exchange agreement    
Liabilities exposure to the SOFR rate:    
Total (150,330) 0
Working Capital - USD    
Liabilities exposure to the SOFR rate:    
Total (1,957) (11,691)
Liabilities exposure to the Euribor rate:    
Total (45,467) (55,348)
Revolving credit facility    
Liabilities exposure to the Euribor rate:    
Total $ (50,242) $ (33,701)