v3.26.3
Condensed Statements of Financial Position - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 4,148,762 $ 4,565,136
Margin cash 102,709 159,562
Trade accounts receivable 3,273,509 4,231,924
Dividends receivable 0 1,465
Inventories 7,447,166 6,107,165
Biological assets 1,728,727 1,826,766
Recoverable taxes 1,294,200 957,211
Derivative assets 89,072 155,602
Other current assets 565,906 433,372
TOTAL CURRENT ASSETS 18,650,051 18,438,203
NON-CURRENT ASSETS    
Long-term investments 52,030 45,780
Recoverable taxes 2,160,075 1,874,572
Biological assets 670,355 611,799
Related party receivables 38,086 41,231
Deferred income taxes 699,386 547,014
Other non-current assets 538,233 488,803
Investments in equity-accounted investees 213,706 171,612
Property, plant and equipment 14,613,833 13,645,658
Right of use assets 1,694,966 1,613,647
Intangible assets 1,754,671 1,825,592
Goodwill 5,992,688 5,852,575
TOTAL NON-CURRENT ASSETS 28,428,029 26,718,283
TOTAL ASSETS 47,078,080 45,156,486
CURRENT LIABILITIES    
Trade accounts payable 5,984,359 6,198,100
Supply chain finance 1,192,985 1,134,459
Loans and financing 1,421,378 833,085
Income taxes 187,037 288,030
Other taxes payable 170,201 152,959
Payroll and social charges 1,568,059 1,560,159
Lease liabilities 378,447 354,887
Dividends payable 11 0
Provisions for legal proceedings 218,661 159,217
Derivative liabilities 148,284 156,405
Other current liabilities 666,583 704,509
TOTAL CURRENT LIABILITIES 11,936,005 11,541,810
NON-CURRENT LIABILITIES    
Loans and financing 22,186,985 20,257,483
Income and other taxes payable 419,395 407,727
Payroll and social charges 228,668 288,065
Lease liabilities 1,480,676 1,412,398
Deferred income taxes 1,201,395 1,169,300
Provisions for legal proceedings 216,427 209,358
Related party payables 123,608 190,998
Derivative liabilities 55,213 114,376
Other non-current liabilities 52,754 42,180
TOTAL NON-CURRENT LIABILITIES 25,965,121 24,091,885
EQUITY    
Share capital - common shares 41,560 35,114
Reserves 7,760,922 6,644,319
Accumulated other comprehensive loss 245,588 (61,625)
Undistributed results 282,916 2,085,772
Attributable to company shareholders 8,330,986 8,703,580
Attributable to non-controlling interest 845,968 819,211
TOTAL EQUITY 9,176,954 9,522,791
TOTAL LIABILITIES AND EQUITY $ 47,078,080 $ 45,156,486