Metalurgica Gerdau S.A. (BVMF:GOAU3)

Revenue by Segment

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

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 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Brazil (Incl. Iron Ore)			26.83B	32.97B	34.76B	17.75B	16.12B
Brazil (Incl. Iron Ore) Growth			-18.62%	-5.14%	95.79%	10.11%	2.39%
Eliminations and Adjustments			-1.28B	-2.46B	-2.09B	-1.32B	-1.10B
South America			5.12B	7.18B	6.86B	3.83B	3.26B
South America Growth			-28.71%	4.71%	78.96%	17.55%	-14.26%
North America			26.86B	31.10B	27.84B	17.46B	14.66B
North America Growth			-13.64%	11.71%	59.45%	19.12%	-26.45%
Special Steel Products Operation			11.39B	13.63B	10.98B	6.10B	6.70B
Special Steel Products Operation Growth			-16.45%	24.10%	80.11%	-9.03%	-17.86%
Total			68.92B	82.41B	78.35B	43.81B	39.64B
Total Growth			-16.38%	5.19%	78.81%	10.52%	-14.12%

Revenue by Geography

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

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 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Brazil			27.73B	36.42B	37.73B	18.80B	17.57B
Brazil Growth			-23.84%	-3.49%	100.73%	6.97%	1.67%
North America			33.18B	37.70B	32.04B	20.02B	17.87B
North America Growth			-12.00%	17.66%	60.06%	12.03%	-24.04%
Latin America (Excl. Brazil)			8.00B	-	-	-	-
Latin America			-	8.29B	8.57B	5.00B	4.20B
Latin America Growth			-	-3.19%	71.47%	18.93%	-12.21%
Total			68.92B	82.41B	78.35B	43.81B	39.64B
Total Growth			-16.38%	5.19%	78.81%	10.52%	-14.12%

Source: S&P Global Market Intelligence.