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CONSOLIDATED STATEMENTS OF INCOME - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CONSOLIDATED STATEMENTS OF INCOME      
NET SALES R$ 69,858,532 R$ 67,026,656 R$ 68,916,447
Cost of sales (61,891,039) (57,823,416) (57,583,992)
GROSS PROFIT 7,967,493 9,203,240 11,332,455
Selling expenses (782,351) (762,560) (716,195)
General and administrative expenses (1,338,443) (1,404,059) (1,491,441)
Other operating income 164,476 306,426 1,033,506
Other operating expenses (392,976) (999,002) (522,476)
Recovery of Eletrobras Compulsory Loan   100,860  
Results in operations with subsidiary and joint ventures   808,367  
Impairment of financial assets (10,249) (30,910) (10,728)
Impairment of assets (1,964,504) (199,627)  
Equity in earnings of unconsolidated companies 95,622 464,467 827,606
INCOME BEFORE FINANCIAL INCOME (EXPENSES) AND TAXES 3,739,068 7,487,202 10,452,727
Financial income 693,610 726,154 903,019
Financial expenses (2,073,372) (1,508,339) (1,396,789)
Exchange variations, net 210,767 (1,064,401) (850,375)
Tax credits monetary update     253,002
(Losses) Gains on financial instruments, net (45,626) (176,901) (14,979)
INCOME BEFORE TAXES 2,524,447 5,463,715 9,346,605
Current (1,119,427) (1,159,640) (1,810,459)
Deferred 13,418 294,987 837
Income and social contribution taxes (1,106,009) (864,653) (1,809,622)
NET INCOME 1,418,438 4,599,062 7,536,983
ATTRIBUTABLE TO:      
Owners of the parent 1,387,020 4,566,317 7,501,565
Non-controlling interests 31,418 32,745 35,418
NET INCOME 1,418,438 4,599,062 7,536,983
Preferred shares      
ATTRIBUTABLE TO:      
Owners of the parent R$ 889,982 R$ 2,992,259 R$ 4,925,549
EARNINGS PER SHARE      
Basic earnings per share - (R$) R$ 0.69 R$ 2.18 R$ 3.57
Diluted earnings per share - (R$) R$ 0.69 R$ 2.18 R$ 3.56
Common shares      
ATTRIBUTABLE TO:      
Owners of the parent R$ 497,038 R$ 1,574,058 R$ 2,576,016
EARNINGS PER SHARE      
Basic earnings per share - (R$) R$ 0.69 R$ 2.18 R$ 3.57
Diluted earnings per share - (R$) R$ 0.69 R$ 2.18 R$ 3.56