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v3.26.1

Condensed Financial Information of the Company - CONDENSED STATEMENT OF INCOME (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Continuing operations |  |  |
Selling, general and administrative expenses | $ (220,198) | $ (198,108) | $ (138,669)
Other operating income | 31,792 | 46,390 | 100,560
Other operating expense | (12,746) | (6,963) | (9,453)
Operating income | 488,284 | 447,253 | 540,637
Share of income in subsidiaries and associates | 31,083 | (996) | 7,108
Income before financial results and income tax | 519,367 | 446,257 | 547,745
Financial income | 68,344 | 71,430 | 101,598
Financial loss | (243,955) | 110,305 | (406,570)
Income before income tax | 332,682 | 606,732 | 202,226
Income tax | (74,963) | (298,820) | 24,241
Income for the year | 257,719 | 307,912 | 226,467
Parent | Reportable legal entities |  |  |
Continuing operations |  |  |
Selling, general and administrative expenses | (10,706) | (7,816) | (7,728)
Other operating income | 1 | 5 | 2,972
Other operating expense |  |  | (1)
Operating income | (10,705) | (7,811) | (4,757)
Share of income in subsidiaries and associates | 241,198 | 283,083 | 247,585
Income before financial results and income tax | 230,493 | 275,272 | 242,828
Financial income | 9,183 | 6,573 | 1,905
Financial loss | (639) | (723) | (586)
Income before income tax | 239,037 | 281,122 | 244,147
Income tax | (4,419) | (1,854) | (4,629)
Income for the year | $ 234,618 | $ 279,268 | $ 239,518

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