XML 28 R6.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statement of Cash Flows - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
1. Cash Flows from Operating Activities      
Consolidated Net Income for the Fiscal Year R$ 12,965,123 R$ 13,413,763 R$ 9,498,812
Profit Adjustments 14,086,103 1,058,360 5,971,012
Depreciation of Tangible Assets 1,087,034 1,586,278 1,841,616
Amortization of Intangible Assets 1,538,749 1,144,740 899,334
Impairment Losses on Other Assets (Net) 396,946 252,487 250,173
Provisions (Net) 4,978,678 4,595,238 4,424,412
Impairment losses on financial assets (net) 29,539,862 28,484,030 28,008,086
Net gains on disposal of permanent assets, investments, and non-current assets held for sale (212,144) (1,912,219) (855,565)
Income (Loss) Share under the Equity Method (458,313) (312,986) (239,236)
Deferred Taxes (4,305,125) (885,976) (5,550,813)
Judicial Deposits Adjustment (724,027) (689,787) (728,716)
Recoverable Taxes Adjustment  (496,653) (376,938) (557,008)
Effects of Exchange Rate Fluctuations on Assets and Liabilities (17,258,904) (30,769,354) (21,430,674)
Other (57,153) (90,597)
Net (Increase) Decrease in Operating Assets (46,667,229) (187,674,524) (129,083,634)
Financial Assets Measured at Fair Value through Profit or Loss (30,526,702) (20,980,632) (88,026,729)
Financial Assets Measured at Fair Value Through Other Comprehensive Income  17,878,100 (38,961,379) (3,895,444)
Financial Assets Measured at Amortized Cost (37,443,130) (124,915,673) (41,870,299)
Other Assets 3,424,503 (2,816,840) 4,708,838
Net Increase (Decrease) in Operating Liabilities 31,118,147 157,494,648 156,121,109
Financial Liabilities Measured at Fair Value Through Profit or Loss  29,748,701 33,141,169 (86,825)
Financial Liabilities Measured at Amortized Cost (10,326,894) 130,916,324 144,383,135
Other Liabilities 11,696,340 (6,562,845) 11,824,799
Tax Paid (6,509,969) (5,423,514) (5,892,511)
Total Net Cash Flow from Operating Activities (1) 4,992,175 (21,131,267) 36,614,788
2. Cash Flows From Investing Activities      
Investments (4,153,137) (3,435,838) (3,963,094)
Increase in Subsidiaries (7,500) (114,206) (5,054)
Tangible Assets (921,361) (854,993) (1,445,847)
Intangible Assets (2,221,363) (1,754,988) (1,906,872)
Non-current Assets Held for Sale (1,002,913) (711,651) (605,321)
Disposal 600,929 1,044,835 719,747
Tangible Assets (513,185) 333,413 117,312
Intangible Assets 482,143 110,067 185,206
Non-current Assets Held for Sale 631,971 601,355 417,229
Dividends / Interest on Equity Received from Investments in Associates and Jointly Controlled Entities 229,372 375,236 663,032
Total Net Cash Flow from Investing Activities (2) (3,322,836) (2,015,767) (2,580,315)
3. Cash Flows from Financing Activities      
Acquisition (Disposal) of Own Shares 165,147 222,076 112,533
Issuance (Repurchase) of Debt Instruments Eligible as Capital 2,362,800 68,477
Issuance of Other Long-term Financial Liabilities 88,504,440 39,541,342 75,404,958
Dividends and Interest on Equity Paid (6,496,351) (5,618,714) (5,450,390)
Payments of Other Long-term Financial Liabilities (79,939,286) (33,038,049) (63,400,960)
Interest Payments on Debt Instruments Eligible as Capital (1,070,620) (132,243) (713,974)
Increase (Decrease) in Non-controlling Interests 876,232 (112,710) (134,214)
Total Net Cash Flow from Financing Activities (3) 4,402,362 930,179 5,817,953
Net Increase (Decrease) in Cash and Cash Equivalents (1+2+3) 6,071,701 (22,216,855) 39,852,426
Cash and Cash Equivalents at the Beginning of the Fiscal Year 67,200,905 89,417,760 49,565,334
Cash and Cash Equivalents at the End of the Fiscal Year R$ 73,272,606 R$ 67,200,905 R$ 89,417,760