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Risk management and financial instruments - Schedule of Consolidated Financial Statements (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Fair value through profit or loss        
Financial / Overnight investments $ 2,146,796 $ 1,887,853    
National Treasury Bill (Tesouro Selic) 155,486 123,204    
Derivative assets 115,199 155,441    
Fair Value through Other Comprehensive Income        
Investment in financial assets at fair value 0 49,908    
Derivative assets 2,971 161    
Amortized cost        
Cash at banks 1,259,842 2,557,740    
CME (Chicago Mercantile Exchange) Margin investments 75,297 105,993    
Trade accounts receivable 3,555,443 4,231,924    
Dividends receivable 0 1,465    
Related party receivables 32,709 41,231    
Financial investments 50,949 45,780    
Total 7,394,692 9,200,700    
Amortized cost        
Loans and financing (22,650,689) (21,090,568)    
Trade accounts payable and supply chain finance (7,047,210) (7,332,559)    
Debt with related party (142,536) (190,998)    
Debt with related party (1,794,217) (1,767,285) $ (1,770,769) $ (1,734,029)
Lease (117) 0    
Fair value through profit or loss        
Derivative liabilities (217,212) (267,214)    
Derivative liabilities (1,497) (3,567)    
Total $ (31,853,478) $ (30,652,191)