| Loans and financing |
Loans and financing | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current | | Non-current | | Type | | Average annual interest rate, range | | Currency | | Index | | Payment terms /non-current debt | | September 30,
2026 | | December 31,
2025 | | September 30,
2026 | | December 31,
2025 | | Foreign currency | | | | | | | | | | | | | | | | | | ACC - Advances on exchange | | 4.57% - 5.10% | | USD | | — | | 2026 - 2027 | | 452,548 | | | — | | | — | | | — | | | Export credit note | | 4.94% | | USD | | SOFR | | 2026 | | — | | | 254,903 | | | — | | | — | | | Working capital | | 7.28% | | USD | | SOFR | | 2030 | | 420 | | | 9,859 | | | 1,537 | | | 1,832 | | | Working capital | | 3.63% | | EUR | | — | | 2027 | | 21,851 | | | — | | | — | | | — | | | CRA - Agribusiness Receivables Certificates | | 4.71% - 6.00% | | USD | | — | | 2028 - 2035 | | 1,900 | | | 1,740 | | | 94,508 | | | 104,290 | | | Livestock financing | | 6.43% | | USD | | — | | 2031 | | 1,512 | | | — | | | 5,668 | | | — | | | Prepayment | | 5.23% | | USD | | SOFR | | 2027 | | 150,330 | | | — | | | — | | | — | | | Notes (Bonds) | | 4.75% | | EUR | | — | | 2034 | | 371 | | | — | | | 562,899 | | | — | | | | | | | | | | | | | | | | | | | | Others | | 4.85% - 6.19% | | Several | | Several | | Several | | — | | | 1,026 | | | — | | | 1,967 | | | | | | | | | | | | 628,932 | | — | | 267,528 | | — | | 664,612 | | — | | 108,089 | | | Local currency | | | | | | | | | | | | | | | | | | Notes (Bonds) | | 2.50% - 7.25% | | USD | | — | | 2027 - 2066 | | 397,596 | | | 295,111 | | | 18,733,261 | | | 17,793,347 | | | CRA - Agribusiness Receivables Certificates | | 10.61% - 13.90% | | BRL | | IPCA - CDI | | 2028 - 2065 | | 44,063 | | | 28,581 | | | 2,265,739 | | | 2,190,843 | | | Revolving credit | | 4.01% | | EUR | | EURIBOR | | 2026 | | 50,242 | | | 33,701 | | | — | | | — | | | Revolving credit | | 5.51% - 5.70% | | AUD | | BBSW | | 2028 | | 1,152 | | | — | | | 293,834 | | | — | | | Livestock financing | | 13.51% | | BRL | | CDI | | 2027 | | 205,139 | | | 114,903 | | | — | | | — | | | Rural credit | | 9.00% | | BRL | | — | | 2035 | | 453 | | | — | | | 11,581 | | | 10,904 | | | Working Capital | | 2.89% - 6.20% | | EUR | | EURIBOR | | 2026 - 2032 | | 32,373 | | | 47,716 | | | 13,094 | | | 14,343 | | | CDC - Direct credit to consumers | | 14.18% - 17.12% | | BRL | | — | | 2026 | | — | | | 907 | | | — | | | — | | | Debentures | | 12.55% | | BRL | | IPCA | | 2036 | | 1,112 | | | — | | | 74,555 | | | — | | | Others | | 3.23% - 8.08% | | Several | | Several | | Several | | 60,316 | | | 44,638 | | | 130,309 | | | 139,957 | | | | | | | | | | | | 792,446 | | | 565,557 | | | 21,522,373 | | | 20,149,394 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,421,378 | | | 833,085 | | | 22,186,985 | | | 20,257,483 | |
On September 30, 2026 and December 31, 2025, the availability under Brazil revolving credit facilities was US$500 million. In the United States the revolving credit facilities on September 30, 2026, was US$3.2 billion and on December 31, 2025 US$3.0 billion. In The Netherlands the revolving credit facilities on September 30, 2026, was US$250 million. The non-current portion of the principal payment schedule of loans and financing is as follows: | | | | | | | | | | Maturity | | September 30, 2026 | | 2027 | | 12,649 | | | 2028 | | 417,541 | | | 2029 | | 658,390 | | | 2030 | | 126,924 | | | 2031 | | 1,413,363 | | | Maturities after 2031 | | 19,558,118 | | | | 22,186,985 | |
16.1Guarantees and contractual restrictions (“covenants”) The Group was in compliance with all of its debt financial covenant restrictions on September 30, 2026 and until the date that these unaudited condensed consolidated financial information were approved.
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