June 30, 2025

June 30, 2024

Interest on debentures and notes in hedge accounting

-82,391

-66,523

Interest on debentures and notes not in hedge accounting

-51,775

-43,672

Interest expense calculated using the effective interest method

-134,166

-110,195

Interest on derivatives related to funding portfolio

-14,301

-50,757

Other interest expense

-14,301

-50,757

Interest on leases

-40

-50

Total interest expense

-148,507

-161,002