
	September 30, 2026	December 31, 2025
Commodities	1,919,508	2,422,916
Materials and services	4,015,715	3,691,498
Finished products	58,991	91,838
Present value adjustment	(9,855)	(8,152)
Total trade accounts payable	5,984,359	6,198,100

Total supplier financing (1)	1,192,985	1,134,459

Total	7,177,344	7,332,559

(1)There were no significant changes in relation to the nature and policies of the supply chain financing balances presented, compared to the information disclosed in the Group’s annual consolidated financial statements as of December 31, 2025.

The Group has cattle purchase commitments for future delivery established with certain suppliers, ensuring the acquisition of cattle at a fixed or to-be-determined price, without any cash impact on the Group until the cattle are delivered and the transaction matures. Based on these future delivery contracts, suppliers can advance the transaction with banks under the supply chain financing arrangement. As of September 30, 2026, the amount related to this transaction was US$222,573 (US$140,956 as of December 31, 2025), and this transaction has been recorded as Supplier financing since its inception.