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Debt Instruments Eligible as Capital (Details 1) - BRL (R$) R$ in Thousands | Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
--- | --- | --- | ---
Debt Instruments Eligible As Capital |  |  |
Balances at the beginning of the fiscal year | R$ 23,137,784 | R$ 19,626,967 | R$ 19,641,408
Issuance | 2,362,800 | 7,600,200 | 6,000,000
Interest payment Tier I (1) | 1,162,752 | 786,823 | 461,186
Interest payment Tier II (1) | 2,521,221 | 1,736,383 | 1,464,586
Exchange differences / Others |  | 1,051,377 | (614,496)
Payments of interest - Tier I and II | (1,070,620) | (132,243) | (713,974)
Repurchase |  | (7,531,723) | (6,507,953)
Balance at the end of the fiscal year | R$ 28,113,937 | R$ 23,137,784 | R$ 19,626,967

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