Revenue by Segment

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Period Ending	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	Dec '15 Dec 31, 2015
Natural Gas Generation - Upstream	994.48M	719.79M	719.42M	1.45B	791.72M
Natural Gas Generation - Upstream Growth	38.16%	0.05%	-50.38%	83.13%	6.58%
Coal Generation	1.19B	972.42M	891.07M	2.06B	1.17B
Coal Generation Growth	22.70%	9.13%	-56.77%	75.60%	-8.62%
Oil Generation	48.24M	-	-	-	-
Solar Plants	278.29M	222.33M	195.00K	700.00K	-
Solar Plants Growth	25.17%	113917.44%	-72.14%	-	-
Energy Trading	4.25B	3.07B	2.16B	550.19M	489.66M
Energy Trading Growth	38.39%	42.31%	292.27%	12.36%	18.62%
Small Scale Liquid Natural Gas & Liquefied Natural Gas	60.30M	-	-	-	-
Holding and Others	-	3.15M	-	-	282.00K
Holding and Others Growth	-	-	-	-	-44.27%
Elimination Adjustments	-1.88B	-942.53M	-934.64M	-1.64B	-1.03B
Thermal by Gas	3.91B	4.01B	3.29B	2.70B	1.82B
Thermal by Gas Growth	-2.48%	21.58%	22.05%	48.33%	4.43%
Power Generation Activity - HUB Sergipe	2.54B	2.04B	-	-	-
Power Generation Activity - HUB Sergipe Growth	24.38%	-	-	-	-
Total	11.39B	10.09B	6.13B	5.12B	3.24B
Total Growth	12.85%	64.65%	19.60%	58.00%	3.38%

Source: S&P Global Market Intelligence.