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INCOME TAX AND SOCIAL CONTRIBUTION (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax And Social Contribution

Schedule of income tax and social contribution income expense


					Consolidated
	12/31/2024		12/31/2023		12/31/2022
Income tax and social contribution income (expense)
Current	(1,300,719)		(1,036,262)		(1,537,966)
Deferred	1,305,927		403,544		(420,773)
Total	5,208		(632,718)		(1,958,739)

Schedule of reconciliation of the Company's income tax and social contribution expenses


					Consolidated
	12/31/2024		12/31/2023		12/31/2022
Profit/(Loss) before income tax and social contribution	(1,543,349)		1,035,367		4,126,437
Tax rate	34%		34%		34%
Income tax and social contribution at combined statutory rate	524,739		(352,025)		(1,402,989)
Adjustment to reflect the effective rate:
Equity in results of affiliated companies	188,205		178,978		155,125
Difference Tax Rate in companies abroad	(814,713)		(181,409)		(338,278)
Transfer Price Adjustment and Profits Abroad	(67,580)		(91,883)		(195,112)
Income taxes and social contribution on foreign profit	10,200		131,836
Tax incentives	102,087		71,756		50,333
Interest on equity	79,282		47,315		290,968
Recognition/(reversal) of tax credits	(62,088)		(337,239)		(562,014)
Other permanent deductios (add-backs)	45,076		(100,047)		43,228
Income tax and social contribution in net income for the year	5,208		(632,718)		(1,958,739)
Effective tax rate	0%		61%		47%

Schedule of deferred income tax and social contribution


				Consolidated
		12/31/2024		12/31/2023
Deferred tax
Income tax losses		3,896,856		4,198,734
Social contribution tax losses		1,336,041		1,441,925
Temporary differences		1,571,100		(911,027)
Tax, social security, labor, civil and environmental provisions		559,621		550,567
Estimated losses on assets		267,768		238,211
Gains/(Losses) on financial assets		565,250		328,678
Actuarial Liabilities (Pension and Health Plan)		165,418		171,816
Provision for consumption and services		4,933		22,346
Cash Flow Hedge and Unrealized Exchange Variations		2,014,231		509,386
(Gain) on loss of control of Transnordestina		(224,096)		(224,096)
Fair Value SWT/CBL Acquisition		(149,489)		(149,489)
Business combination		(1,425,853)		(1,473,119)
Others		(206,683)		(885,327)
Total		6,803,997		4,729,632

Total deferred tax assets		7,345,326		5,033,634
Total deferred tax liabilities		(541,329)		(304,002)
Total deferred tax		6,803,997		4,729,632

Schedule of estimated recovery of deferred tax assets


		Consolidated
2025		(144,120)
2026		63,360
2027		164,416
2028		1,069,749
2029 and beyond		6,191,921
Deferred tax asset		7,345,326
Deferred tax liabilities - subsidiaries		(541,329)
Net deferred tax asset		6,803,997

Schedule of changes in deferred tax and social contribution


		Consolidated
Balance at January 1, 2022		4,569,011
Recognized in profit and loss		(420,773)
Recognized in equity		(322,876)
Acquisition of companies		1,053,406
Balance at January 1, 2023		4,878,768
Recognized in profit and loss		403,544
Recognized in equity		(559,050)
Use of tax credit in installment program		(445)
Reverse incorporation		6,815
Balance at December 31, 2023		4,729,632
Recognized in profit and loss		1,305,927
Recognized in equity		769,162
Use of tax credit in installment program		(724)
Balance at December 31, 2024		6,803,997

Schedule of income tax and social contribution recognized in equity


			Consolidated
	12/31/2024		12/31/2023
Income tax and social contribution
Actuarial gains on defined benefit pension plan	76,876		83,436
Exchange differences on translating foreign operations	(325,350)		(325,350)
Cash flow hedge	2,906,859		1,030,432
Gain on sale of shares	(1,158,102)
	1,500,283		788,518