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Financial results
12 Months Ended
Dec. 31, 2024
Financial results  
Financial results

Note 15     Financial results

Amounts in US$ '000

   

2024

   

2023

   

2022

Financial expenses

Interest and amortization of debt issue costs

(31,088)

(30,839)

(36,360)

Borrowings cancellation costs

(5,141)

Bank charges and other financial results (a)

(15,310)

(8,520)

(9,546)

Unwinding of long-term liabilities

(5,153)

(6,456)

(6,026)

(51,551)

(45,815)

(57,073)

Financial income

Interest received

8,016

6,237

3,180

8,016

6,237

3,180

Foreign exchange gains and losses

Foreign exchange gain (loss), net

12,603

(19,729)

19,725

Realized result on currency risk management contracts

2,909

Unrealized result on currency risk management contracts

(443)

12,160

(16,820)

19,725

Total Financial results

(31,375)

(56,398)

(34,168)

a)Includes costs related to the financing required for the proposed acquisition of certain Repsol exploration and production assets in Colombia (see Note 35.2) and the prepayment agreements with Vitol and Trafigura (see Note 30).