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v3.26.1

Accounts receivable (Tables) | 12 Months Ended
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Dec. 31, 2025
Trade and other receivables [abstract] |
Summary of accounts receivable |
| 2025 |  | 2024
Customers (i) | 1,129,784 |  |  | 684,839 |
Dividends and interest receivable on equity capital through proprietary funds | 63,453 |  |  | 50,921 |
Other | 296,605 |  |  | 119,068 |
(-) Expected credit losses on accounts receivable | (123,418) |  |  | (75,885) |
Total | 1,366,424 |  |  | 778,943 |
(i)Refers mostly to receivables from management fees arising from the distribution of funds and amounts receivable related to service provision, which have an average term of 30 days. There is no material concentration on the balances receivable as of December 31, 2025 and 2024.

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