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Borrowings and financing (Tables)
 12 Months Ended
Dec. 31, 2024
IfrsStatementLineItems [Line Items]  
Schedule of borrowings and financing outstanding
           
 

December 31, 2024

December 31, 2023

Financial institution

Current

Noncurrent

Total

Current

Noncurrent

Total

Local currency            
 12th issue debentures - - - 45,450 22,385 67,835
 18th issue debentures - - - 46,962 - 46,962
 22nd issue debentures 179,350 - 179,350 170,957 170,616 341,573
 23rd issue debentures 125,000 249,354 374,354 490,810 374,279 865,089
 24th issue debentures - 538,606 538,606 - 512,122 512,122
 26th issue debentures - 1,371,685 1,371,685 - 1,302,042 1,302,042
 27th issue debentures 199,590 299,391 498,981 200,000 498,634 698,634
 28th issue debentures 444,100 626,762 1,070,862 127,715 1,070,457 1,198,172
 29th issue debentures 250,000 1,107,523 1,357,523 - 1,314,136 1,314,136
 30th issue debentures 125,000 748,405 873,405 125,000 873,231 998,231
 31th issue debentures - 2,934,936 2,934,936 - - -
 32th issue debentures - 2,496,521 2,496,521 - - -
 Brazilian Federal Savings Bank 123,495 1,559,847 1,683,342 108,210 1,508,275 1,616,485
 Brazilian Development Bank - BNDES PAC II 9751 7,348 9,131 16,479 7,286 16,316 23,602
 Brazilian Development Bank - BNDES PAC II 9752 4,978 6,223 11,201 4,936 11,107 16,043
 Brazilian Development Bank - BNDES ONDA LIMPA 6,855 - 6,855 27,219 6,766 33,985
 Brazilian Development Bank - BNDES TIETÊ III 202,398 455,333 657,731 200,693 652,175 852,868
 Brazilian Development Bank - BNDES 2015 34,436 328,772 363,208 34,146 360,021 394,167
 Brazilian Development Bank - BNDES 2014 6,694 3,552 10,246 6,638 10,107 16,745
 Inter-American Development Bank - IDB 2202 181,349 1,803,222 1,984,571 181,349 1,983,615 2,164,964
 Inter-American Development Bank - IDB INVEST 44,300 771,201 815,501 39,550 814,840 854,390
 Inter-American Development Bank - IDB INVEST 2022 18,800 419,697 438,497 14,100 438,241 452,341
Inter-American Development Bank - IDB INVEST 2023 16,450 431,410 447,860 14,100 447,791 461,891
 International Finance Corporation – IFC 2022 34,200 680,626 714,826 22,800 713,910 736,710

 

 

December 31, 2024

December 31, 2023

Financial institution

Current

Noncurrent

Total

Current

Noncurrent

Total

International Finance Corporation – IFC 2023 10,000 977,574 987,574 - 986,651 986,651
International Finance Corporation – IFC 2024 - 1,048,579 1,048,579 - - -
 Leases (Concession Agreements, Program Contracts and Contract Asset) 108,533 208,611 317,144 49,884 259,326 309,210
 Leases (Others) 97,657 53,267 150,924 68,499 73,801 142,300
 Other 1,868 931 2,799 3,003 2,910 5,913
 Interest and other charges

548,372

-

548,372

377,398

-

377,398

Total in local currency

2,770,773

19,131,159

21,901,932

2,366,705

14,423,754

16,790,459

 Borrowings and financing outstanding balance

December 31, 2024

December 31, 2023

Financial institution

Current

Noncurrent

Total

Current

Noncurrent

Total

Foreign currency            
 Inter-American Development Bank - IDB 1212 – US$10,278 thousand (US$20,556 thousand in December 2023) 63,645 - 63,645 49,759 49,759 99,518
 Inter-American Development Bank - IDB 4623 – US$156,958 thousand (US$152,187 thousand in December 2023) 25,577 919,189 944,766 - 712,449 712,449
 International Bank of Reconstruction and Development (IBRD) – IBRDs 7662 e 8916 – US$136,741 thousand (US$107,445 thousand in December 2023) 37,707 793,697 831,404 29,433 477,554 506,987
 JICA 15 – ¥5,762,150 thousand (¥6,914,580 thousand in December 2023) 47,710 181,946 229,656 39,437 197,180 236,617
 JICA 18 – ¥5,180,800 thousand (¥6,216,960 thousand in December 2023) 40,462 163,491 203,953 35,457 177,168 212,625
 JICA 17 – ¥3,175,656 thousand (¥3,464,352 thousand in December 2023) 16,414 113,216 129,630 9,879 107,880 117,759
 JICA 19 – ¥22,668,975 thousand (¥24,482,493 thousand in December 2023) 99,168 821,749 920,917 62,059 774,200 836,259
 Interest and charges

32,394

-

32,394

23,677

-

23,677

Total in foreign currency

363,077

2,993,288

3,356,365

249,701

2,496,190

2,745,891

             
Total borrowings and financing

3,133,850

22,124,447

25,258,297

2,616,406

16,919,944

19,536,350

Exchange rate as of December 31, 2024: US$6.1923; ¥0.03947 (as of December 31, 2023: US$4.8413; ¥0.03422).

As of December 31, 2024, the Company did not have balances of borrowings and financing, raised during the year, to maturing within 12 months.
Schedule of amortized costs
     
 

December 31, 2024

Financial institution

Amortized cost

Adjustment

Total

       
 JICA 15 – ¥ 5,762,150 thousand (december/23 – ¥ 6.914.580 thousand in December 2023) 227,432 2,224 229,656
 JICA 18 – ¥ 5,180,800 thousand (¥ 6.216.960 thousand in December 2023) 204,388 (435) 203,953
 JICA 17 – ¥ 3,175,656 mil (¥ 3.464.352 thousand in December 2023) 124,619 5,011 129,630
 JICA 19 – ¥ 22,668,975 mil (¥ 24.482.493 thousand in December 2023) 893,329 27,588 920,917
Interest and charges

8,363

-

8,363

Total

1,458,131

34,388

1,492,519
Schedule of borrowings terms
         

Local currency

Guarantees

Maturity

Annual interest rate

Inflation adjustment

         
12th issue debentures Own funds 2025  TR + 9.5%  
18th issue debentures Own funds 2024 TJLP + 1.92 % (Series 1 and 3) and 8.25% (Series 2) IPCA (Series 2)
22nd issue debentures Own funds 2025 CDI +0.58% (Series 1) and CDI + 0.90% (Series 2) and 6.0% (Series 3) IPCA (Series 3)
23rd issue debentures Own funds 2027 CDI +0.49% (Series 1) and CDI + 0.63% (Series 2)  
24th issue debentures Own funds 2029 3.20% (Series 1) and 3.37% (Series 2) IPCA (Series 1 and 2)
26th issue debentures Own funds 2030 4.65% (series 1) and 4.95% (series 2) IPCA (series 1 and 2)
27th issue debentures Own funds 2027 CDI +1.60% (Series 1) and CDI + 1.80% (Series 2) and 2.25% (Series 3)  
28th issue debentures Own funds 2028 CDI +1.20% (Series 1) and CDI + 1.44% (Series 2) and 1.60% (Series 3)  
29th issue debentures Own funds 2036 CDI +1.29% (Series 1) and 5.3058% (Series 2) and 5.4478% (Series 3) IPCA (series 2 and 3)
30th issue debentures Own funds 2029 CDI +1.30% (Series 1) and 1.58% (Series 2)  
31th issue debentures Own funds 2034 CDI +0.49% (Series 1) e CDI+1.10% (series 2) e CDI+1.31% (Series 3)  
32th issue debentures Own funds 2026 CDI+ 0.30%  
Brazilian Federal Savings Bank Own funds 2025/2042 5% to 9.5% TR
Brazilian Development Bank – BNDES PAC II 9751 Own funds 2027 TJLP+1.72%  
Brazilian Development Bank – BNDES PAC II 9752 Own funds 2027 TJLP+1.72%  
Brazilian Development Bank – BNDES ONDA LIMPA Own funds 2025 TJLP+1.92%  
Brazilian Development Bank – BNDES TIETÊ III Own funds 2028 TJLP+1.66%  
Brazilian Development Bank – BNDES 2015 Own funds 2035 TJLP+2.18%  
Brazilian Development Bank – BNDES 2014 Own funds 2026 TJLP+1.76%  
Inter-American Development Bank – IDB 2202 Government 2035 CDI+0.86%  
Inter-American Development Bank – IDB INVEST Own funds 2034 CDI+1.90% and CDI+2.70%  
Inter-American Development Bank – IDB INVEST 2022 Own funds 2036 CDI+2.50%  
Inter-American Development Bank – IDB INVEST 2023 Own funds 2036 CDI+0.50%  
International Finance Corporation – IFC 2022 Own funds 2032 CDI+2.00%  
International Finance Corporation – IFC 2023 Own funds 2033 CDI+2.00%  
International Finance Corporation – IFC 2024 Own funds 2034 CDI+0.3735%  
Fehidro Own funds 2035 3%  
 Leases (Concession Agreements, Program Contracts and Contract Asset)   2035 7.73% to 10.12% IPC
 Leases (Others)   2042 9.74% to 15.24%  

 

 

Foreign currency

Guarantees

Maturity

Annual interest rate

Exchange rate changes

 

 

Hedge cost

           
Inter-American Development Bank - IDB 1212 - US$10,278 thousand Government 2025 SOFR + 5.34% (*) US$ DI -0.47% p.a.
Inter-American Development Bank - IDB 4623 - US$152,187 thousand Government 2044 SOFR + 6.50940% (*)   US$ DI -0.06% p.a.
International Bank for Reconstruction and Development (IBRD) – IBRDs 7662 and 8916 - US$111,425 thousand Government 2034 SOFR + 5.89% and 6.99% (*) US$ DI -0.66% a.a. e DI +0.41% p.a.
JICA 15 – ¥5,762,150 thousand Government 2029 1.8% and 2.5% Yen DI +0.82% p.a.
JICA 18 – ¥5,180,800 thousand Government 2029 1.8% and 2.5% Yen DI +0.79% p.a.
JICA 17– ¥3,320,004 thousand Government 2035 1.2% and 0.01% Yen DI -0.25% p.a.
JICA 19– ¥22,668,975 thousand Government 2037 1.7% and 0.01% Yen DI +0.32% p.a.
Schedule of changes in borrowings
                 
 

2025

2026

2027

2028

2029

2030

2031 to 2044

TOTAL

LOCAL CURRENCY                
Debentures 1,323,040 3,719,487 1,415,030 674,405 1,316,921 1,288,121 1,959,219 11,696,223
Brazilian Federal Savings Bank 123,495 131,136 139,242 147,721 153,538 151,203 837,007 1,683,342
BNDES 262,709 252,712 239,862 84,973 34,436 34,436 156,592 1,065,720
IDBs – National 260,899 330,209 315,069 420,959 383,238 349,769 1,626,286 3,686,429
IFCs 44,200 64,450 91,400 147,450 218,700 335,000 1,849,779 2,750,979
Leases (Concession Agreements, Program Contracts and Contract Asset) 206,190 64,682 22,690 29,417 20,579 124,510 - 468,068
Other 1,868 931 - - - - - 2,799
Interest and other charges

548,372

-

-

-

-

-

-

548,372

TOTAL IN LOCAL CURRENCY

2,770,773

4,563,607

2,223,293

1,504,925

2,127,412

2,283,039

6,428,883

21,901,932

FOREIGN CURRENCY                
IDB 89,222 51,155 51,155 51,155 51,155 51,155 663,414 1,008,411
IBRD 37,707 37,707 37,707 37,707 50,233 62,759 567,584 831,404
JICA 203,754 169,367 169,367 169,367 169,269 82,983 520,049 1,484,156
Interest and other charges

32,394

-

-

-

-

-

-

32,394

TOTAL IN FOREIGN CURRENCY

363,077

258,229

258,229

258,229

270,657

196,897

1,751,047

3,356,365

Total

3,133,850

4,821,836

2,481,522

1,763,154

2,398,069

2,479,936

8,179,930

25,258,297

 

(ii)       Changes

 

                                
 

December 31,

2023

Addition (lease)

Funding

Borrowing costs

Monetary and Exchange variation

 

 

 

 

 

Fair Value

Inflation adjustment / exchange variation and incorporated interest – Capitalized

Exchange rate change reclassified to OCI

Interest paid

Amortization payment

Accrued interest

Provision for interest and fees – Capitalized

Provision for interest/rates reclassifiedto OCI

Expenses with borrowing costs

December 31, 2024

                               
EM MOEDA NACIONAL                              
Debentures 7,534,818 - 5,440,478 (13,010) 116,330 - 25,579 - (795,005) (1,232,091) 801,565 169,235 - 14,124 12,062,023
Brazilian Federal Savings Bank 1,621,014 - 165,873 - 10,503 - 2,879 - (128,418) (112,399) 101,284 27,321 - - 1,688,057
BNDES 1,341,472 - - - 7,413 - 2,518 - (93,215) (281,867) 67,629 24,887 - 238 1,069,075
BID 2202 2,252,742 - - - - - - - (257,571) (181,349) 139,993 104,513 - 955 2,059,283
BID INVEST 2020 900,367 - - - - - - - (115,506) (39,550) 15,854 93,554 - 661 855,380
IFC 2022 757,297 - - - - - - - (94,577) (22,800) 46,651 46,372 - 915 733,858
IFC 2023 1,006,642 - - (528) - - - - (116,964) - 61,841 60,871 - 1,451 1,013,313
IFC 2024 - - 1,060,000 (11,428) - - - - - - 5,698 4,470 - 7 1,058,747
IDB INVEST 2022 454,543 - - - - - - - (59,504) (14,100) 59,752 - - 256 440,947
IDB INVEST 2023 464,131 - - - - - - - (59,907) (14,100) 60,191 - - 70 450,385
Leases (Concession Agreements, Program Contracts and Contract Asset) 309,210 - - - - - - - (104,725) - 112,659 - - - 317,144
Leases (Others) 142,300 84,048 - - - - - - (31,799) (105,839) 62,214 - - - 150,924
Others

5,923

-

2,472

-

7

-

-

-

(178)

(5,625)

163

2

-

32

2,796

TOTAL IN LOCAL CURRENCY

16,790,459

84,048

6,668,823

(24,966)

134,253

-

30,976

-

(1,857,369)

(2,009,720)

1,535,494

531,225

-

18,709

21,901,932

                               
FOREIGN CURRENCY                              
IDBs 819,455 - 29,428 (4,096) 196,490 - - 26,808 (58,916) (53,446) 57,242 - 3,609 1,259 1,017,833
IBRD 515,015 - 204,314 (2,749) 132,645 - 9 21,920 (37,492) (32,319) 40,715 298 3,065 596 846,017
JICA 1,411,421 - - - 196,087 34,388 994 - (22,917) (150,778) 22,314 800 - 206 1,492,515
TOTAL IN FOREIGN CURRENCY

2,745,891

-

233,742

(6,845)

525,222

34,388

1,003

48,728

(119,325)

(236,543)

120,271

1,098

6,674

2,061

3,356,365

Total

19,536,350

84,048

6,902,565

(31,811)

659,475

34,388

31,979

48,728

(1,976,694)

(2,246,263)

1,655,765

532,323

6,674

20,770

25,258,297

 

 

December 31, 2022

Addition (lease)

Funding

Borrowing costs

Monetary and Exchange variation

Inflation adjustment / exchange variation and incorporated interest – Capitalized

Interest paid

Amortization payment

Accrued interest

Provision for interest and fees – Capitalized

Expenses with borrowing costs

December 31, 2023

                         
LOCAL CURRENCY                        
Debentures 8,166,366 - - (2,043) 114,228 21,421 (839,833) (741,812) 628,580 176,739 11,172 7,534,818
Brazilian Federal Savings Bank 1,526,185 - 174,058 - 22,023 5,475 (122,843) (106,982) 98,428 24,670 - 1,621,014
BNDES 1,380,993 - 190,000 - 10,326 2,464 (97,829) (241,992) 78,745 18,516 249 1,341,472
IDB 2202 2,450,550 - - - - - (328,627) (181,349) 135,524 175,689 955 2,252,742
IDB INVEST 2020 943,619 - - - - - (138,676) (37,340) 27,360 104,739 665 900,367
IFC 2022 774,525 - - - - - (114,131) (15,200) 15,029 96,160 914 757,297
IFC 2023 - - 1,000,000 (13,652) - - (2,434) - 11,335 11,090 303 1,006,642
IDB INVEST 2022 469,327 - - - - - (72,245) (14,100) 71,305 - 256 454,543
IDB INVEST 2023 - - 470,000 (1,083) - - (41,022) (7,050) 43,263 - 23 464,131
Leases (Concession Agreements, Program Contracts and Contract Asset) 357,844 - - - - - (54,135) (48,634) 54,135 - - 309,210
Leases (Others) 101,374 108,405 - - - - (39,918) (88,452) 60,891 - - 142,300
Other

12,130

-

3,629

-

60

-

(587)

(9,884)

566

9

-

5,923

TOTAL IN LOCAL CURRENCY

16,182,913

108,405

1,837,687

(16,778)

146,637

29,360

(1,852,280)

(1,492,795)

1,225,161

607,612

14,537

16,790,459

                         
FOREIGN CURRENCY                        
IDBs 532,693 - 384,824 (5,137) (45,895) - (33,808) (51,178) 36,929 - 1,027 819,455
IBRD 399,762 - 173,547 (3,032) (30,374) - (22,089) (31,009) 27,663 57 490 515,015
JICA 1,803,109 - - - (231,877) 105 (26,795) (157,785) 23,697 763 204 1,411,421
IDB 1983AB

40,194

-

-

-

(1,813)

-

(1,447)

(38,323)

909

311

169

-

TOTAL IN FOREIGN CURRENCY

2,775,758

-

558,371

(8,169)

(309,959)

105

(84,139)

(278,295)

89,198

1,131

1,890

2,745,891

TOTAL

18,958,671

108,405

2,396,058

(24,947)

(163,322)

29,465

(1,936,419)

(1,771,090)

1,314,359

608,743

16,427

19,536,350

 

 

December 31, 2021

Addition (lease)

Funding

Borrowing costs

Monetary and Exchange variation

Inflation adjustment / exchange variation and incorporated interest – Capitalized

Interest paid

Amortization
payment

Accrued interest

Provision for interest and fees – Capitalized

Expenses with borrowing costs

December 31, 2022

                         
LOCAL CURRENCY                        
Debentures 7,467,968 - 1,000,000 (4,320) 165,879 - (712,966) (563,504) 544,116 257,951 11,242 8,166,366
Brazilian Federal Savings Bank 1,483,113 - 119,437 - 17,247 7,131 (117,041) (100,855) 80,422 36,731 - 1,526,185
BNDES 1,392,844 - 200,000 - 7,020 3,117 (104,596) (222,353) 67,311 37,391 259 1,380,993
IDB 2202 2,589,442 - - - - - (281,971) (181,349) 98,574 224,899 955 2,450,550
IDB INVEST 956,942 - - - - - (108,921) (34,800) 129,733 - 665 943,619
IFC - - 760,000 (9,385) - - (24,978) - - 48,507 381 774,525
IDB INVEST 2022 - - 470,000 (3,922) - - (30,698) - 33,840 - 107 469,327
Leases (Concession Agreements, Program Contracts and Contract Assets) 397,311 - - - - - (54,390) (39,467) 54,390 - - 357,844
Leases (Others) 125,969 42,182 - - - - (17,659) (84,437) 35,319 - - 101,374
Other

14,094

-

3,654

-

56

2

(789)

(5,669)

748

34

-

12,130

TOTAL IN LOCAL CURRENCY

14,427,683

42,182

2,553,091

(17,627)

190,202

10,250

(1,454,009)

(1,232,434)

1,044,453

605,513

13,609

16,182,913

                         
FOREIGN CURRENCY                        
IDBs 387,837 - 226,497 (6,732) (20,355) - (12,581) (56,273) 13,733 - 567 532,693
IBRD 420,881 - 39,417 (3,166) (28,665) 61 (3,779) (30,895) 5,525 20 363 399,762
JICA 2,401,887 - 15,546 - (437,296) 3,243 (33,167) (177,007) 26,597 3,102 204 1,803,109
BID 1983AB

85,548

-

-

-

(5,602)

-

(1,952)

(40,115)

1,284

614

417

40,194

TOTAL IN FOREIGN CURRENCY

3,296,153

-

281,460

(9,898)

(491,918)

3,304

(51,479)

(304,290)

47,139

3,736

1,551

2,775,758

TOTAL

17,723,836

42,182

2,834,551

(27,525)

(301,716)

13,554

(1,505,488)

(1,536,724)

1,091,592

609,249

15,160

18,958,671
Schedule of changes in borrowings
                                
 

December 31,

2023

Addition (lease)

Funding

Borrowing costs

Monetary and Exchange variation

 

 

 

 

 

Fair Value

Inflation adjustment / exchange variation and incorporated interest – Capitalized

Exchange rate change reclassified to OCI

Interest paid

Amortization payment

Accrued interest

Provision for interest and fees – Capitalized

Provision for interest/rates reclassifiedto OCI

Expenses with borrowing costs

December 31, 2024

                               
EM MOEDA NACIONAL                              
Debentures 7,534,818 - 5,440,478 (13,010) 116,330 - 25,579 - (795,005) (1,232,091) 801,565 169,235 - 14,124 12,062,023
Brazilian Federal Savings Bank 1,621,014 - 165,873 - 10,503 - 2,879 - (128,418) (112,399) 101,284 27,321 - - 1,688,057
BNDES 1,341,472 - - - 7,413 - 2,518 - (93,215) (281,867) 67,629 24,887 - 238 1,069,075
BID 2202 2,252,742 - - - - - - - (257,571) (181,349) 139,993 104,513 - 955 2,059,283
BID INVEST 2020 900,367 - - - - - - - (115,506) (39,550) 15,854 93,554 - 661 855,380
IFC 2022 757,297 - - - - - - - (94,577) (22,800) 46,651 46,372 - 915 733,858
IFC 2023 1,006,642 - - (528) - - - - (116,964) - 61,841 60,871 - 1,451 1,013,313
IFC 2024 - - 1,060,000 (11,428) - - - - - - 5,698 4,470 - 7 1,058,747
IDB INVEST 2022 454,543 - - - - - - - (59,504) (14,100) 59,752 - - 256 440,947
IDB INVEST 2023 464,131 - - - - - - - (59,907) (14,100) 60,191 - - 70 450,385
Leases (Concession Agreements, Program Contracts and Contract Asset) 309,210 - - - - - - - (104,725) - 112,659 - - - 317,144
Leases (Others) 142,300 84,048 - - - - - - (31,799) (105,839) 62,214 - - - 150,924
Others

5,923

-

2,472

-

7

-

-

-

(178)

(5,625)

163

2

-

32

2,796

TOTAL IN LOCAL CURRENCY

16,790,459

84,048

6,668,823

(24,966)

134,253

-

30,976

-

(1,857,369)

(2,009,720)

1,535,494

531,225

-

18,709

21,901,932

                               
FOREIGN CURRENCY                              
IDBs 819,455 - 29,428 (4,096) 196,490 - - 26,808 (58,916) (53,446) 57,242 - 3,609 1,259 1,017,833
IBRD 515,015 - 204,314 (2,749) 132,645 - 9 21,920 (37,492) (32,319) 40,715 298 3,065 596 846,017
JICA 1,411,421 - - - 196,087 34,388 994 - (22,917) (150,778) 22,314 800 - 206 1,492,515
TOTAL IN FOREIGN CURRENCY

2,745,891

-

233,742

(6,845)

525,222

34,388

1,003

48,728

(119,325)

(236,543)

120,271

1,098

6,674

2,061

3,356,365

Total

19,536,350

84,048

6,902,565

(31,811)

659,475

34,388

31,979

48,728

(1,976,694)

(2,246,263)

1,655,765

532,323

6,674

20,770

25,258,297

 

 

December 31, 2022

Addition (lease)

Funding

Borrowing costs

Monetary and Exchange variation

Inflation adjustment / exchange variation and incorporated interest – Capitalized

Interest paid

Amortization payment

Accrued interest

Provision for interest and fees – Capitalized

Expenses with borrowing costs

December 31, 2023

                         
LOCAL CURRENCY                        
Debentures 8,166,366 - - (2,043) 114,228 21,421 (839,833) (741,812) 628,580 176,739 11,172 7,534,818
Brazilian Federal Savings Bank 1,526,185 - 174,058 - 22,023 5,475 (122,843) (106,982) 98,428 24,670 - 1,621,014
BNDES 1,380,993 - 190,000 - 10,326 2,464 (97,829) (241,992) 78,745 18,516 249 1,341,472
IDB 2202 2,450,550 - - - - - (328,627) (181,349) 135,524 175,689 955 2,252,742
IDB INVEST 2020 943,619 - - - - - (138,676) (37,340) 27,360 104,739 665 900,367
IFC 2022 774,525 - - - - - (114,131) (15,200) 15,029 96,160 914 757,297
IFC 2023 - - 1,000,000 (13,652) - - (2,434) - 11,335 11,090 303 1,006,642
IDB INVEST 2022 469,327 - - - - - (72,245) (14,100) 71,305 - 256 454,543
IDB INVEST 2023 - - 470,000 (1,083) - - (41,022) (7,050) 43,263 - 23 464,131
Leases (Concession Agreements, Program Contracts and Contract Asset) 357,844 - - - - - (54,135) (48,634) 54,135 - - 309,210
Leases (Others) 101,374 108,405 - - - - (39,918) (88,452) 60,891 - - 142,300
Other

12,130

-

3,629

-

60

-

(587)

(9,884)

566

9

-

5,923

TOTAL IN LOCAL CURRENCY

16,182,913

108,405

1,837,687

(16,778)

146,637

29,360

(1,852,280)

(1,492,795)

1,225,161

607,612

14,537

16,790,459

                         
FOREIGN CURRENCY                        
IDBs 532,693 - 384,824 (5,137) (45,895) - (33,808) (51,178) 36,929 - 1,027 819,455
IBRD 399,762 - 173,547 (3,032) (30,374) - (22,089) (31,009) 27,663 57 490 515,015
JICA 1,803,109 - - - (231,877) 105 (26,795) (157,785) 23,697 763 204 1,411,421
IDB 1983AB

40,194

-

-

-

(1,813)

-

(1,447)

(38,323)

909

311

169

-

TOTAL IN FOREIGN CURRENCY

2,775,758

-

558,371

(8,169)

(309,959)

105

(84,139)

(278,295)

89,198

1,131

1,890

2,745,891

TOTAL

18,958,671

108,405

2,396,058

(24,947)

(163,322)

29,465

(1,936,419)

(1,771,090)

1,314,359

608,743

16,427

19,536,350

 

 

December 31, 2021

Addition (lease)

Funding

Borrowing costs

Monetary and Exchange variation

Inflation adjustment / exchange variation and incorporated interest – Capitalized

Interest paid

Amortization
payment

Accrued interest

Provision for interest and fees – Capitalized

Expenses with borrowing costs

December 31, 2022

                         
LOCAL CURRENCY                        
Debentures 7,467,968 - 1,000,000 (4,320) 165,879 - (712,966) (563,504) 544,116 257,951 11,242 8,166,366
Brazilian Federal Savings Bank 1,483,113 - 119,437 - 17,247 7,131 (117,041) (100,855) 80,422 36,731 - 1,526,185
BNDES 1,392,844 - 200,000 - 7,020 3,117 (104,596) (222,353) 67,311 37,391 259 1,380,993
IDB 2202 2,589,442 - - - - - (281,971) (181,349) 98,574 224,899 955 2,450,550
IDB INVEST 956,942 - - - - - (108,921) (34,800) 129,733 - 665 943,619
IFC - - 760,000 (9,385) - - (24,978) - - 48,507 381 774,525
IDB INVEST 2022 - - 470,000 (3,922) - - (30,698) - 33,840 - 107 469,327
Leases (Concession Agreements, Program Contracts and Contract Assets) 397,311 - - - - - (54,390) (39,467) 54,390 - - 357,844
Leases (Others) 125,969 42,182 - - - - (17,659) (84,437) 35,319 - - 101,374
Other

14,094

-

3,654

-

56

2

(789)

(5,669)

748

34

-

12,130

TOTAL IN LOCAL CURRENCY

14,427,683

42,182

2,553,091

(17,627)

190,202

10,250

(1,454,009)

(1,232,434)

1,044,453

605,513

13,609

16,182,913

                         
FOREIGN CURRENCY                        
IDBs 387,837 - 226,497 (6,732) (20,355) - (12,581) (56,273) 13,733 - 567 532,693
IBRD 420,881 - 39,417 (3,166) (28,665) 61 (3,779) (30,895) 5,525 20 363 399,762
JICA 2,401,887 - 15,546 - (437,296) 3,243 (33,167) (177,007) 26,597 3,102 204 1,803,109
BID 1983AB

85,548

-

-

-

(5,602)

-

(1,952)

(40,115)

1,284

614

417

40,194

TOTAL IN FOREIGN CURRENCY

3,296,153

-

281,460

(9,898)

(491,918)

3,304

(51,479)

(304,290)

47,139

3,736

1,551

2,775,758

TOTAL

17,723,836

42,182

2,834,551

(27,525)

(301,716)

13,554

(1,505,488)

(1,536,724)

1,091,592

609,249

15,160

18,958,671
Schedule of restrictive covenants ratios
   
 

Covenants

Adjusted EBITDA / Adjusted Financial Expenses Equal to or higher than 2.80
EBITDA / Financial Expenses Paid Equal to or higher than 2.35
Adjusted Net Debt / Adjusted EBITDA Equal to or lower than 3.80
Net Debt / Adjusted EBITDA Equal to or lower than 3.50
Other Onerous Debt (1) / Adjusted EBITDA Equal to or lower than 1.30

 

(1) The contractual definition of “Other Onerous Debts” corresponds to the sum of pension plan obligations and healthcare plan, installment payments of tax debts, and installments payments of debts with the electricity supplier.
Schedule of borrowings and financing credit limits
   

Agent

  

December 31, 2024

    (in millions of reais (*))
Brazilian Federal Savings Bank   768
Brazilian Development Bank – BNDES   30
Inter-American Development Bank (IDB)   886
International Bank for Reconstruction and Development (IBRD)   1,060
BTG Pactual Bank   949
Other   4
TOTAL   3,697

 

(*) Brazilian Central Bank’s exchange sell rate as of December 31, 2024 (US$ 1.00 = R$ 6.1923).
31th issue debentures [member]  
IfrsStatementLineItems [Line Items]  
Schedule of convertible debentures
     
  Value Rate Maturity
Series 1 507,000 CDI + 0.49% p.a. 2029
Series 2 1,734,467 CDI + 1.10% p.a. 2031
Series 3 699,011 CDI + 1.31% p.a. 2034
Total 2,940,478    
Thirty Second Issue Debentures [Member]  
IfrsStatementLineItems [Line Items]  
Schedule of convertible debentures
       
  Value Rate Maturity
Single series 2,500,000 CDI + 0.30% p.a. 2026