Metalurgica Gerdau S.A. (BVMF:GOAU4)

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)	29.69B	30.22B	26.83B	32.97B	34.76B
Brazil (Incl. Iron Ore) Growth	-1.75%	12.62%	-18.62%	-5.14%	95.79%
North America	35.79B	31.93B	26.86B	31.10B	27.84B
North America Growth	12.08%	18.89%	-13.64%	11.71%	59.45%
South America	5.56B	5.76B	5.12B	7.18B	6.86B
South America Growth	-3.43%	12.52%	-28.71%	4.71%	78.96%
Eliminations and Adjustments	-1.18B	-881.29M	-1.28B	-2.46B	-2.09B
Special Steel Products Operation	-	-	11.39B	13.63B	10.98B
Special Steel Products Operation Growth	-	-	-16.45%	24.10%	80.11%
Total	69.86B	67.03B	68.92B	82.41B	78.35B
Total Growth	4.22%	-2.74%	-16.38%	5.19%	78.81%

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	28.51B	29.34B	27.73B	36.42B	37.73B
Brazil Growth	-2.82%	5.78%	-23.84%	-3.49%	100.73%
North America	35.79B	31.93B	33.18B	37.70B	32.04B
North America Growth	12.08%	-3.76%	-12.00%	17.66%	60.06%
South America (Excl. Brazil)	5.56B	5.76B	-	-	-
South America (Excl. Brazil) Growth	-3.43%	-	-	-	-
Latin America (Excl. Brazil)	-	-	8.00B	-	-
Latin America	-	-	-	8.29B	8.57B
Latin America Growth	-	-	-	-3.19%	71.47%
Total	69.86B	67.03B	68.92B	82.41B	78.35B
Total Growth	4.22%	-2.74%	-16.38%	5.19%	78.81%

Source: S&P Global Market Intelligence.