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Equity instruments (Tables)
12 Months Ended
Dec. 31, 2025
Equity Instruments  
Schedule of breakdown, by classification and type, of the balances of equity instruments
   
Thousand of Reais 2025 2024
     
Classification:    
Financial Assets Measured at Fair Value Through Profit or Loss  4,862,393 2,968,823
Financial Assets Measured at Fair Value Through Other Comprehensive Income 92,363 19,633
Total 4,954,756 2,988,456
     
Type:    
Shares of domestic companies 3,004,645 2,048,007
Shares of foreign companies 21,507 54,886
Investment funds (1) 1,928,604 885,563
Total 4,954,756 2,988,456
(1)Primarily composed of investments in fixed income assets and both government and private securities.
Schedule of changes in financial assets measured at fair value through profit or loss held for trading
     
Thousand of Reais 2025 2024 2023
       
Balance at the beginning of the fiscal year 2,968,823 3,422,154 2,605,279
Additions/Disposals (Net) 1,893,570 (453,331) 816,875
Balance at the end of the fiscal year 4,862,393 2,968,823 3,422,154
Schedule of changes in financial assets measured at fair value through other comprehensive income
     
Thousand of Reais 2025 2024 2023
       
Balance at the beginning of the fiscal year 19,633 15,953 33,493
Additions/Disposals (Net) 72,730 3,680 (17,540)
Balance at the end of the fiscal year 92,363 19,633 15,953