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v3.25.2

Taxes (Tables) | 6 Months Ended
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Jun. 30, 2025
Notes and other explanatory information [abstract] |
Schedule of income tax reconciliation |
Schedule of income tax reconciliation |  |  |  |  |
|  | Three-month period ended June 30, | Six-month period ended June 30,
| Notes | 2025 | 2024 | 2025 | 2024
Income before income taxes |  | 2,103 | 2,735 | 4,146 | 4,870
Income taxes at statutory rate (34%) |  | (715) | (930) | (1,410) | (1,656)
Adjustments that affect the taxes basis: |  |  |  |  |
Tax incentives |  | 579 | 298 | 991 | 767
Addition of tax loss carryforward |  | 182 | 369 | 122 | 213
Equity results |  | (13) | 4 | (4) | (3)
Tax effects on temporary differences – Energy Assets | 15(a) | – | – | (135) | –
Effects on tax computation of foreign operations |  | 34 | (10) | (78) | (20)
Reclassification of cumulative adjustments to the income statement |  | – | (4) | (3) | (22)
Gain on divestment in PTVI | 15(b) | – | 358 | – | 358
Other |  | (35) | (51) | (98) | (51)
Income taxes |  | 32 | 34 | (615) | (414)
Current tax |  | (285) | (639) | (471) | (1,373)
Deferred tax |  | 317 | 673 | (144) | 959
Income taxes |  | 32 | 34 | (615) | (414)
Schedule of changes in deferred tax assets and liability |
Schedule of changes in deferred tax assets and liability |  |  |  |
| Notes | Assets | Liabilities | Deferred taxes, net
Balance as of December 31, 2024 |  | 8,244 | 445 | 7,799
Effect in income statement |  | (112) | 17 | (129)
Other comprehensive income |  | 2 | 7 | (5)
Transfer between assets and liabilities |  | (103) | (103) | –
Translation adjustment |  | 954 | 56 | 898
Transfer to held for sale (Energy Assets) | 15(a) | (10) | (295) | 285
Balance as of June 30, 2025 |  | 8,975 | 127 | 8,848
Balance as of December 31, 2023 |  | 9,565 | 870 | 8,695
Effect in income statement |  | 873 | (98) | 971
Other comprehensive income |  | 602 | 15 | 587
Transfer between assets and liabilities |  | 50 | 50 | –
Translation adjustment |  | (1,159) | (31) | (1,128)
Balance as of June 30, 2024 |  | 9,931 | 806 | 9,125
Schedule of income taxes settlement program |
Schedule of income taxes settlement program |  |
| June 30, 2025 | December 31, 2024
Current liabilities | 412 | 353
Non-current liabilities | 971 | 1,007
REFIS liabilities | 1,383 | 1,360
SELIC rate | 15.00% | 12.25%
Schedule of uncertain tax positions |
Schedule of uncertain tax positions |  |  |  |  |  |
| June 30, 2025 | December 31, 2024
| Assessed (i) | Potential (ii) | Total | Assessed (i) | Potential (ii) | Total
UTPs not recorded on statement of financial position (iii) |  |  |  |  |  |
Transfer pricing over the exportation of ores to a foreign subsidiary | 3,995 | 1,825 | 5,820 | 3,387 | 1,608 | 4,995
Expenses of interest on capital | 1,499 | – | 1,499 | 1,262 | – | 1,262
Proceeding related to income tax paid abroad | 501 | – | 501 | 427 | – | 427
Goodwill amortization | 885 | 76 | 961 | 743 | 62 | 805
Payments to Renova Foundation | 355 | 398 | 753 | 301 | 351 | 652
Other | 476 | – | 476 | 415 | – | 415
Total not recorded on statement of financial position | 7,711 | 2,299 | 10,010 | 6,535 | 2,021 | 8,556
UTPs recorded on statement of financial position |  |  |  |  |  |
Deduction of CSLL in Brazil | 181 | – | 181 | 154 | – | 154
Total recorded on statement of financial position | 181 | – | 181 | 154 | – | 154
(i) Includes the tax effects arising from the reduction of the tax losses and negative basis of the CSLL without fines and interest. (ii) Includes the principal, without fines and interest. (iii) Based on the assessment of its internal and external legal advisors, the Company believes that the tax treatment adopted for these matters will be accepted in decisions of the higher courts on last instance.
Schedule of recoverable and payable taxes |
Schedule of recoverable and payable taxes |  |  |  |  |  |
| Consolidated
| Current assets | Non-current assets | Current liabilities
| June 30, 2025 | December 31, 2024 | June 30, 2025 | December 31, 2024 | June 30, 2025 | December 31, 2024
Value-added tax ("ICMS") | 304 | 260 | 16 | 3 | 114 | 34
Brazilian federal contributions ("PIS" and "COFINS") | 166 | 266 | 1,167 | 975 | 3 | 12
Income taxes | 850 | 564 | 345 | 319 | 710 | 317
Financial compensation for the exploration of mineral resources ("CFEM") | – | – | – | – | 64 | 63
Other | 15 | 10 | – | – | 129 | 148
Total | 1,335 | 1,100 | 1,528 | 1,297 | 1,020 | 574

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