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Supplemental information on oil and gas activities
12 Months Ended
Dec. 31, 2025
Supplemental information on oil and gas activities  
Supplemental information on oil and gas activities

Note 37     Supplemental information on oil and gas activities (unaudited)

The following information is presented in accordance with ASC No. 932 “Extractive Activities- Oil and Gas”, as amended by ASU 2010 - 03 “Oil and Gas Reserves. Estimation and Disclosures”, issued by FASB in January 2010 in order to align the current estimation and disclosure requirements with the requirements set in the SEC final rules and interpretations, published on December 31, 2008. This information includes the Group’s oil and gas production activities carried out in each country.

Table 1 - Costs incurred in exploration, property acquisitions and development

The following table presents those costs capitalized as well as expensed that were incurred during each of the years ended December 31, 2025, 2024 and 2023. The acquisition of properties includes the cost of acquisition of proved or unproved oil and gas properties. Exploration costs include geological and geophysical costs, costs necessary for retaining undeveloped properties, drilling costs and exploratory wells equipment. Development costs include drilling costs and equipment for developmental wells, the construction of facilities for extraction, treatment and storage of hydrocarbons and all necessary costs to maintain facilities for the existing developed reserves.

Amounts in US$‘000

  ​ ​

Colombia

  ​ ​

Argentina

  ​ ​

Brazil

  ​ ​

Ecuador

  ​ ​

Chile

  ​ ​

Total

Year ended December 31, 2025

Acquisition of properties

Proved

115,689

115,689

Unproved

Total property acquisition

115,689

115,689

Exploration

35,443

2,345

147

310

38,245

Development (a)

70,931

1,432

150

11

72,524

Total costs incurred

106,374

3,777

297

321

110,769

Amounts in US$‘000

  ​ ​

Colombia

  ​ ​

Argentina

  ​ ​

Brazil

  ​ ​

Ecuador

  ​ ​

Chile

  ​ ​

Total

Year ended December 31, 2024

Acquisition of properties

Proved

Unproved

Total property acquisition

Exploration

46,330

2,839

86

24,223

73,478

Development (a)

127,403

933

729

129,065

Total costs incurred

173,733

2,839

1,019

24,952

202,543

Amounts in US$‘000

  ​ ​

Colombia

  ​ ​

Argentina

  ​ ​

Brazil

  ​ ​

Ecuador

  ​ ​

Chile

  ​ ​

Total

Year ended December 31, 2023

Acquisition of properties

Proved

Unproved

Total property acquisition

Exploration

66,953

1,481

107

13,331

56

81,928

Development (a)

125,997

255

372

(564)

126,060

Total costs incurred

192,950

1,481

362

13,703

(508)

207,988

(a)Includes the effect of change in estimate of assets retirement obligations.

Table 2 - Capitalized costs related to oil and gas producing activities

The following table presents the capitalized costs as of December 31, 2025, 2024, and 2023, for proved and unproved oil and gas properties, and the related accumulated depreciation as of those dates.

Amounts in US$‘000

  ​ ​

Colombia

Argentina

  ​ ​

Brazil (b)

  ​ ​

Ecuador (b)

  ​ ​

Chile (c)

  ​ ​

Total

As of December 31, 2025

Proved properties (a)

Equipment, camps and other facilities

204,017

204,017

Mineral interest and wells

974,315

115,689

1,090,004

Other uncompleted projects

31,057

1,432

32,489

Unproved properties

95,786

223

96,009

Gross capitalized costs

1,305,175

117,121

223

1,422,519

Accumulated depreciation

(647,458)

(2,086)

(649,544)

Total net capitalized costs

657,717

115,035

223

772,975

Amounts in US$‘000

  ​ ​

Colombia

Argentina

  ​ ​

Brazil

  ​ ​

Ecuador

  ​ ​

Chile (c)

  ​ ​

Total

As of December 31, 2024

Proved properties (a)

Equipment, camps and other facilities

189,282

3,220

192,502

Mineral interest and wells

950,388

38,561

45,897

1,034,846

Other uncompleted projects

23,856

261

24,117

Unproved properties

88,105

101

12,749

100,955

Gross capitalized costs

1,251,631

42,143

58,646

1,352,420

Accumulated depreciation

(561,537)

(37,257)

(16,683)

(615,477)

Total net capitalized costs

690,094

4,886

41,963

736,943

Amounts in US$‘000

  ​ ​

Colombia

Argentina

  ​ ​

Brazil

  ​ ​

Ecuador

  ​ ​

Chile (c)

  ​ ​

Total

As of December 31, 2023

Proved properties (a)

Equipment, camps and other facilities

165,666

4,121

74,491

244,278

Mineral interest and wells

841,063

48,448

31,149

330,024

1,250,684

Other uncompleted projects

15,770

11

15,781

Unproved properties

69,823

330

10,426

80,579

Gross capitalized costs

1,092,322

52,910

41,575

404,515

1,591,322

Accumulated depreciation

(447,716)

(47,388)

(8,522)

(379,448)

(883,074)

Total net capitalized costs

644,606

5,522

33,053

25,067

708,248

(a)Includes capitalized amounts related to asset retirement obligations.
(b)The Manati gas field in Brazil (see Note 34.2) and the Perico and Espejo Blocks in Ecuador (see Note 34.3) were divested in December 2025.
(c)The entire Chilean business was divested in January 2024. See Note 34.7.

Table 3 - Results of operations for oil and gas producing activities

The breakdown of results of the operations shown below summarizes revenues and expenses directly associated with oil and gas producing activities for the years ended December 31, 2025, 2024 and 2023. Income tax for the years presented was calculated utilizing the statutory tax rates.

Amounts in US$‘000

  ​ ​

Colombia

  ​ ​

Argentina

  ​ ​

Brazil

  ​ ​

Ecuador

  ​ ​

Chile

  ​ ​

Total

Year ended December 31, 2025

Revenue

461,418

5,783

6,435

18,463

492,099

Production costs, excluding depreciation

Operating costs

(115,804)

(3,398)

(4,491)

(7,775)

(131,468)

Royalties and economic rights in cash

(8,210)

(699)

(365)

(9,274)

Total production costs

(124,014)

(4,097)

(4,856)

(7,775)

(140,742)

Exploration expenses

(20,126)

(2,345)

(41)

(149)

(22,661)

Accretion expense (a)

(1,319)

(576)

(62)

(1,957)

Impairment loss for non-financial assets

(30,989)

(30,989)

Depreciation, depletion and amortization

(105,783)

(2,086)

(1)

(4,079)

(111,949)

Results of operations before income tax

210,176

(2,745)

961

(24,591)

183,801

Income tax (expense) benefit

(73,562)

961

(327)

(1,600)

(74,528)

Results of oil and gas operations

136,614

(1,784)

634

(26,191)

109,273

Amounts in US$‘000

  ​ ​

Colombia

  ​ ​

Argentina

  ​ ​

Brazil

  ​ ​

Ecuador

  ​ ​

Chile

  ​ ​

Total

Year ended December 31, 2024

Revenue

619,762

2,934

30,567

398

653,661

Production costs, excluding depreciation

Operating costs

(133,197)

(3,916)

(9,549)

(425)

(147,087)

Royalties and economic rights in cash

(10,437)

(224)

(12)

(10,673)

Total production costs

(143,634)

(4,140)

(9,549)

(437)

(157,760)

Exploration expenses

(13,984)

(2,839)

(242)

(7,880)

(24,945)

Accretion expense (a)

(987)

(636)

(128)

(1,751)

Impairment loss for non-financial assets

Depreciation, depletion and amortization

(113,820)

(227)

(8,162)

(122,209)

Results of operations before income tax

347,337

(2,839)

(2,311)

4,848

(39)

346,996

Income tax expense

(156,302)

786

(1,212)

(156,728)

Results of oil and gas operations

191,035

(2,839)

(1,525)

3,636

(39)

190,268

Amounts in US$‘000

  ​ ​

Colombia

  ​ ​

Argentina

  ​ ​

Brazil

  ​ ​

Ecuador

  ​ ​

Chile

  ​ ​

Total

Year ended December 31, 2023

Revenue

702,401

14,019

19,097

15,644

751,161

Production costs, excluding depreciation

Operating costs

(121,012)

(3,850)

(10,242)

(7,678)

(142,782)

Royalties and economic rights in cash

(83,233)

(1,096)

(548)

(84,877)

Total production costs

(204,245)

(4,946)

(10,242)

(8,226)

(227,659)

Exploration expenses

(36,395)

(1,481)

(90)

(309)

(56)

(38,331)

Accretion expense (a)

(669)

(560)

(87)

(1,478)

(2,794)

Impairment loss for non-financial assets

(13,332)

(13,332)

Depreciation, depletion and amortization

(92,735)

(1,047)

(6,205)

(8,278)

(108,265)

Results of operations before income tax

368,357

(1,481)

7,376

2,254

(15,726)

360,780

Income tax expense

(165,761)

(2,508)

(564)

(168,833)

Results of oil and gas operations

202,596

(1,481)

4,868

1,690

(15,726)

191,947

(a)Represents accretion of ARO and other environmental liabilities.

Table 4 - Reserve quantity information

Estimated oil and gas reserves

Proved reserves represent estimated quantities of oil (including crude oil and condensate) and natural gas, which available geological and engineering data demonstrates with reasonable certainty to be recoverable in the future from known reservoirs under existing economic and operating conditions. Proved developed reserves are proved reserves that can reasonably be expected to be recovered through existing wells with existing equipment and operating methods. The choice of method or combination of methods employed in the analysis of each reservoir was determined by the stage of development, quality and reliability of basic data, and production history.

The Group believes that its estimates of remaining proved recoverable oil and gas reserve volumes are reasonable and such estimates have been prepared in accordance with the SEC Modernization of Oil and Gas Reporting rules, which were issued by the SEC at the end of 2008.

The Group estimates its reserves at least once a year. The Group’s reserves estimation as of December 31, 2025, 2024, 2023 and 2022 was based on the DeGolyer and MacNaughton Reserves Report (the “D&M Reserves Report”). DeGolyer and MacNaughton Corp. prepared its proved oil and natural gas reserve estimates in accordance with Rule 4-10 of Regulation S–X, promulgated by the SEC, and in accordance with the oil and gas reserves disclosure provisions of ASC 932 of the FASB Accounting Standards Codification (ASC) relating to Extractive Activities - Oil and Gas (formerly SFAS no. 69 Disclosures about Oil and Gas Producing Activities).

Reserves engineering is a subjective process of estimation of hydrocarbon accumulation, which cannot be exactly measured, and the reserve estimation depends on the quality of available information and the interpretation and judgement of the engineers and geologists. Therefore, the reserves estimations, as well as future production profiles, are often different than the quantities of hydrocarbons which are finally recovered. The accuracy of such estimations depends, in general, on the assumptions on which they are based.

The estimated GeoPark net proved reserves for the properties evaluated as of December 31, 2025, 2024, 2023, and 2022 are summarized as follows, expressed in thousands of barrels (Mbbl) and millions of cubic feet (MMcf):

As of December 31, 2025

As of December 31, 2024

As of December 31, 2023

As of December 31, 2022

  ​ ​

Oil and

  ​ ​

  ​ ​

Oil and

  ​ ​

  ​ ​

Oil and

  ​ ​

  ​ ​

Oil and

  ​ ​

condensate

Natural gas

condensate

Natural gas

condensate

Natural gas

condensate

Natural gas

(Mbbl)

(MMcf)

(Mbbl)

(MMcf)

(Mbbl)

(MMcf)

(Mbbl)

(MMcf)

Net proved developed

Colombia (a)

43,409

49,959

884

43,120

1,075

46,623

1,065

Argentina (b)

1,807

430

Brazil (c)

15

6,116

28

8,888

8

9,443

Ecuador (d)

515

1,017

322

Chile (e)

619

9,956

1,115

14,103

Total consolidated

45,216

430

50,489

7,000

44,784

19,919

48,068

24,611

Net proved undeveloped

Colombia (f)

4,082

6,396

16,225

17,765

Argentina (b)

8,885

2,114

Ecuador (d)

367

1,278

Chile (e)

479

855

476

Total consolidated

12,967

2,114

6,763

17,982

855

18,241

Total proved reserves

58,183

2,544

57,252

7,000

62,766

20,774

66,309

24,611

(a)Various blocks in the Llanos Basin and the Platanillo Block in the Putumayo Basin account for 96% and 4% (99% and 1% in 2024, 94% and 6% in 2023, and 96% and 4% in 2022) of the proved developed reserves, respectively.
(b)Loma Jarillosa Este Block in the Vaca Muerta formation in the Neuquen Basin account for 100% of the reserves.
(c)BCAM-40 Block accounted for 100% of the reserves.
(d)Perico Block accounted for 100% of the reserves in 2024 and 2023 (Perico and Espejo Blocks accounted for 85% and 15% of the reserves, respectively, in 2022).
(e)Fell Block accounted for 100% of the reserves.
(f)Various blocks in the Llanos Basin and the Platanillo Block in the Putumayo Basin account for 89% and 11% (100% and 0% in 2024, 97% and 3% in 2023, and  95% and 5% in 2022) of the proved undeveloped reserves, respectively.

Table 5 - Net proved reserves of oil, condensate and natural gas

Net proved reserves (developed and undeveloped) of oil and condensate:

Thousands of barrels

  ​ ​

Colombia

  ​ ​

Argentina

  ​ ​

Brazil

  ​ ​

Ecuador

  ​ ​

Chile

  ​ ​

Total

Reserves as of December 31, 2022

64,388

8

322

1,591

66,309

Increase (decrease) attributable to:

Revisions (a)

3,617

26

324

(412)

3,555

Extensions and discoveries (b)

2,549

1,937

4,486

Production

(11,209)

(6)

(288)

(81)

(11,584)

Reserves as of December 31, 2023

59,345

28

2,295

1,098

62,766

Increase (decrease) attributable to:

Revisions (c)

7,495

(12)

(803)

6,680

Extensions and discoveries (d)

485

485

Disposal of Minerals in place (e)

(1,096)

(1,096)

Production

(10,970)

(1)

(610)

(2)

(11,583)

Reserves as of December 31, 2024

56,355

15

882

57,252

Increase (decrease) attributable to:

Revisions (f)

2,354

2,354

Extensions and discoveries (g)

23

23

Purchase or (Disposal) of Minerals in place (h)

(1,644)

10,788

(12)

(488)

8,644

Production

(9,597)

(96)

(3)

(394)

(10,090)

Reserves as of December 31, 2025

47,491

10,692

58,183

(a)For the year ended December 31, 2023, the Group’s oil and condensate proved reserves were revised upwards by 3.5 mmbbl. The primary factors leading to the above were:

- An increase of 1.7 mmbbl in Colombia due to a change in a previously adopted development plan.

- An increase of 1.5 mmbbl in Colombia due to higher-than-expected performance from the existing wells.

- An increase of 0.4 mmbbl in Colombia due to a change in the royalties’ payment in certain fields from kind to cash.

- An increase of 0.3 mmbbl in Ecuador due to higher average oil prices.

- Such increase was partially offset by lower-than-expected performance from the existing wells in Chile by 0.4 mmbbl.

(b)The extensions and discoveries are primarily due to various fields in the Llanos Basin in Colombia and the Jandaya field extension in the Perico Block in Ecuador.
(c)For the year ended December 31, 2024, the Group’s oil and condensate proved reserves were revised upwards by 6.7 mmbbl. The primary factors leading to the above were:

- An increase of 5.5 mmbbl in Colombia due to higher-than-expected performance from the existing wells.

- An increase of 3.2 mmbbl in Colombia due to a change in a previously adopted development plan.

- Such increase was partially offset by lower average oil prices by 1.2 mmbbl in Colombia.

- A decrease of 0.6 mmbbl in Ecuador due to unsuccessful activities.

- A decrease of 0.2 mmbbl in Ecuador due to lower-than-expected performance from the existing wells

(d)The extensions and discoveries are primarily due to the Perico new field in the CPO-5 Block and the Toritos Sur new field in the Llanos 123 Block, both in Colombia.
(e)The disposal of minerals in Chile is due to the divestment of the Chilean business, which closed in January 2024 (see Note 35.7).
(f)For the year ended December 31, 2025, the Group’s oil and condensate proved reserves were revised upwards by 2.4 mmbbl. The primary factors leading to the above were:

- An increase of 2.7 mmbbl in Colombia due to higher-than-expected performance from the existing wells.

- An increase of 1.0 mmbbl in Colombia due to a change in a previously adopted development plan.

- Such increase was partially offset by lower average oil prices by 1.3 mmbbl in Colombia.

(g)The extensions and discoveries are primarily due to the Currucutu new field in the Llanos 123 Block.
(h)Purchase of Minerals in place refers to the Loma Jarillosa Este Block in the Argentina’s Vaca Muerta formation acquired in 2025 (see Note 34.1). The disposals refer to the Manati gas field in Brazil (see Note 34.2), the Perico Block in Ecuador (see Note 34.3) and the Llanos 32 Block in Colombia (see Note 34.4) that were divested in 2025.

Net proved reserves (developed and undeveloped) of natural gas:

Millions of cubic feet

  ​ ​

Colombia

  ​ ​

Argentina

  ​ ​

Brazil

  ​ ​

Chile

  ​ ​

Total

Reserves as of December 31, 2022

1,065

9,443

14,103

24,611

Increase (decrease) attributable to:

Revisions (a)

219

1,659

(9)

1,869

Production

(209)

(2,214)

(3,283)

(5,706)

Reserves as of December 31, 2023

1,075

8,888

10,811

20,774

Increase (decrease) attributable to:

Revisions (b)

59

(2,291)

(2,232)

Disposal of Minerals in place (c)

(10,678)

(10,678)

Production

(250)

(481)

(133)

(864)

Reserves as of December 31, 2024

884

6,116

7,000

Increase (decrease) attributable to:

Purchase or (Disposal) of Minerals in place (d)

(828)

2,597

(4,992)

(3,223)

Production

(56)

(53)

(1,124)

(1,233)

Reserves as of December 31, 2025

2,544

2,544

(a)For the year ended December 31, 2023, the Group’s proved natural gas reserves were revised upwards by 1.9 billion cubic feet. This was the effect of higher-than-expected performance from the existing wells in the Manati field in Brazil (1.7 billion cubic feet) and the Llanos 32 Block in Colombia (0.2 billion cubic feet).
(b)For the year ended December 31, 2024, the Group’s proved natural gas reserves were revised downwards by 2.2 billion cubic feet. This was the effect of lower-than-expected performance from the existing wells in the Manati field in Brazil (2.3 billion cubic feet), partially offset by higher-than-expected performance from the existing wells in the Llanos 32 Block in Colombia (0.1 billion cubic feet).
(c)The disposal of minerals in Chile is due to the divestment of Chilean business, which closed in January 2024 (see Note 35.3).
(d)Purchase of Minerals in place refers to the Loma Jarillosa Este Block in the Argentina’s Vaca Muerta formation acquired in 2025 (see Note 34.1). The disposals refer to the Manati gas field in Brazil (see Note 34.2) and the Llanos 32 Block in Colombia (see Note 34.4) that were divested in 2025.

Revisions refer to changes in interpretation of discovered accumulations and some technical and logistical needs in the area obliged to modify the timing and development plan of certain fields under appraisal and development phases.

Table 6 - Standardized measure of discounted future net cash flows related to proved oil and gas reserves

The following table discloses estimated future net cash flows from future production of proved developed and undeveloped reserves of crude oil, condensate and natural gas. As prescribed by SEC Modernization of Oil and Gas Reporting rules and ASC 932 of the FASB Accounting Standards Codification (ASC) relating to Extractive Activities – Oil and Gas (formerly SFAS no. 69 Disclosures about Oil and Gas Producing Activities), such future net cash flows were estimated using the average first day-of-the-month price during the 12-month period for 2025, 2024 and 2023 and using a 10% annual discount factor. Future development and abandonment costs include estimated drilling costs, development and exploitation installations and abandonment costs. These future development costs were estimated based on evaluations made by the

Group. The future income tax was calculated by applying the statutory tax rates in effect in the respective countries in which we have interests, as of the date this supplementary information was filed.

This standardized measure is not intended to be and should not be interpreted as an estimate of the market value of the Group’s reserves. The purpose of this information is to give standardized data to help the users of the financial statements to compare different companies and make certain projections. It is important to point out that this information does not include, among other items, the effect of future changes in prices, costs and tax rates, which past experience indicates that are likely to occur, as well as the effect of future cash flows from reserves which have not yet been classified as proved reserves, of a discount factor more representative of the value of money over the lapse of time and of the risks inherent to the production of oil and gas. These future changes may have a significant impact on the future net cash flows disclosed below. For all these reasons, this information does not necessarily indicate the perception the Group has on the discounted future net cash flows derived from the reserves of hydrocarbons.

Amounts in US$‘000

  ​ ​

Colombia

Argentina

  ​ ​

Brazil

  ​ ​

Ecuador

  ​ ​

Chile

  ​ ​

Total

As of December 31, 2025

Future cash inflows

2,644,803

638,021

3,282,824

Future production costs

(1,371,337)

(249,495)

(1,620,832)

Future development costs

(173,253)

(147,674)

(320,927)

Future income taxes

(318,394)

(48,333)

(366,727)

Undiscounted future net cash flows

781,819

192,519

974,338

10% annual discount

(204,268)

(107,211)

(311,479)

Standardized measure of discounted future net cash flows

577,551

85,308

662,859

As of December 31, 2024

Future cash inflows

3,636,275

50,881

60,366

3,747,522

Future production costs

(1,658,050)

(32,028)

(30,319)

(1,720,397)

Future development costs

(145,645)

(15,228)

(8,775)

(169,648)

Future income taxes

(525,755)

(1,437)

(527,192)

Undiscounted future net cash flows

1,306,825

2,188

21,272

1,330,285

10% annual discount

(414,437)

3,462

(2,575)

(413,550)

Standardized measure of discounted future net cash flows

892,388

5,650

18,697

916,735

As of December 31, 2023

Future cash inflows

4,027,686

75,757

140,607

111,384

4,355,434

Future production costs

(1,633,889)

(22,815)

(45,052)

(50,343)

(1,752,099)

Future development costs

(147,045)

(1,204)

(13,768)

(41,359)

(203,376)

Future income taxes

(764,309)

(4,036)

(27,648)

(795,993)

Undiscounted future net cash flows

1,482,443

47,702

54,139

19,682

1,603,966

10% annual discount

(430,250)

(6,476)

(11,436)

5,205

(442,957)

Standardized measure of discounted future net cash flows

1,052,193

41,226

42,703

24,887

1,161,009

Table 7 - Changes in the standardized measure of discounted future net cash flows from proved reserves

Amounts in US$‘000

  ​ ​

Colombia

  ​ ​

Argentina

  ​ ​

Brazil

  ​ ​

Ecuador

  ​ ​

Chile

  ​ ​

Total

Present value as of December 31, 2022

1,381,801

22,911

15,658

64,285

1,484,655

Sales of hydrocarbon, net of production costs

(491,525)

(8,143)

(6,673)

(6,362)

(512,703)

Net changes in sales price and production costs

(596,668)

21,490

(2,893)

(33,595)

(611,666)

Changes in estimated future development costs

9,461

(4,440)

(17,908)

5,142

(7,745)

Extensions and discoveries less related costs

72,757

63,619

136,376

Development costs incurred

115,996

500

7

116,503

Revisions of previous quantity estimates

104,256

9,159

10,642

(11,019)

113,038

Net changes in income taxes

198,769

(2,218)

(21,808)

174,743

Accretion of discount

257,346

2,467

1,566

6,429

267,808

Present value as of December 31, 2023

1,052,193

41,226

42,703

24,887

1,161,009

Sales of hydrocarbon, net of production costs

(469,989)

2,103

(18,561)

39

(486,408)

Net changes in sales price and production costs

(210,958)

(65,632)

(15,290)

(291,880)

Changes in estimated future development costs

(167,126)

41,782

(5,267)

(130,611)

Extensions and discoveries less related costs

11,586

11,586

Development costs incurred

132,094

401

10,293

142,788

Revisions of previous quantity estimates

179,475

(18,533)

(24,024)

136,918

Disposal of Minerals in place

(24,926)

(24,926)

Net changes in income taxes

183,463

(223)

21,808

205,048

Accretion of discount

181,650

4,526

7,035

193,211

Present value as of December 31, 2024

892,388

5,650

18,697

916,735

Sales of hydrocarbon, net of production costs

(319,063)

(806)

(319,869)

Net changes in sales price and production costs

(342,480)

(342,480)

Changes in estimated future development costs

24,700

24,700

Extensions and discoveries less related costs

456

456

Development costs incurred

44,596

1,432

46,028

Revisions of previous quantity estimates

46,621

46,621

Purchase or (Disposal) of Minerals in place

(35,296)

84,682

(5,650)

(18,697)

25,039

Net changes in income taxes

123,815

123,815

Accretion of discount

141,814

141,814

Present value as of December 31, 2025

577,551

85,308

662,859