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Trade and other receivables, net
 9 Months Ended
Sep. 30, 2025
Subclassifications of assets, liabilities and equities [abstract]  
Trade and other receivables, net Trade and other receivables, net
September 30,
2025		December 31,
2024
(unaudited)
Non-current
Advances to suppliers 4,511 3,316 
Income tax credits 8,390 4,639 
Non-income tax credits (i) 39,995 26,240 
Judicial deposits 2,180 1,816 
Other receivables (ii)1,892 2,499 
Non-current portion 56,968 38,510 
Current
Trade receivables 106,771 87,645 
Less: Allowance for trade receivables (1,389)(1,114)
Trade receivables – net 105,382 86,531 
Prepaid expenses 19,928 18,038 
Advance to suppliers 46,470 35,996 
Income tax credits 8,237 5,680 
Non-income tax credits (i) 62,236 53,522 
Receivable from disposal of subsidiary— 2,900 
Receivables from related parties (Note 28) 16,773 — 
Advance payments for acquisition of joint venture (ii)120,000 — 
Other receivables 10,059 10,689 
Subtotal 283,703 126,825 
Current portion 389,085 213,356 
Total trade and other receivables, net 446,053 251,866 
(i) Includes US$ 224 for the nine-month period ended September 30, 2025 reclassified from property, plant and equipment (for the year ended December 31, 2024: US$ 307).

(ii) 2025 includes US$ 96 million of advance payment for the acquisition of Profertil (See Note 31).
The fair values of current trade and other receivables approximate their respective carrying amounts due to their short-term nature. The fair values of non-current trade and other receivables approximate their carrying amount, as the impact of discounting is not significant.

The carrying amounts of the Group’s trade and other receivables are denominated in the following currencies (expressed in US dollars):
September 30,
2025		December 31,
2024
(unaudited)
Currency
US Dollar 202,573 84,477 
Argentine Peso 94,935 70,837 
Uruguayan Peso 2,385 2,478 
Brazilian Reais 146,160 94,074 
446,053 251,866 

As of September 30, 2025 trade receivables of US$ 71,714 (December 31, 2024: US$ 29,123) were past due but not impaired. The ageing analysis of these receivables indicates that US$ 1,114 and US$ 289 are over 6 months in September 30, 2025 and December 31, 2024, respectively.

The creation and release of allowance for trade receivables have been included in ‘Selling expenses’ in the statement of income. Amounts charged to the allowance account are generally written off, when there is no expectation of recovering additional cash.

The other classes within other receivables do not contain impaired assets.
The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivable mentioned above.