Revenue by Segment

Financials in millions RON. Fiscal year is January - December.

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Intersegments		-372.30M	-661.02M	-446.93M	-299.98M	-283.65M
Forwarding		541.74M	988.46M	744.50M	418.52M	393.44M
Forwarding Growth		-45.19%	32.77%	77.89%	6.38%	-2.88%
River Transport		353.07M	619.68M	483.60M	315.91M	294.26M
River Transport Growth		-43.02%	28.14%	53.08%	7.36%	-7.29%
Other		65.41M	65.66M	64.36M	74.84M	47.74M
Other Growth		-0.38%	2.02%	-14.00%	56.76%	5.22%
Port Operations		153.71M	170.57M	109.07M	89.52M	68.50M
Port Operations Growth		-9.88%	56.39%	21.85%	30.68%	-17.51%
Total		741.62M	1.18B	954.60M	598.81M	520.29M
Total Growth		-37.33%	23.96%	59.42%	15.09%	-5.71%

Source: S&P Global Market Intelligence.