Revenue by Segment

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

Millions BRL. 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
Port Terminal	396.14M	437.01M	350.68M	319.11M	265.54M
Port Terminal Growth	-9.35%	24.62%	9.89%	20.17%	-
Road Freight Transportation	581.71M	578.15M	553.39M	407.29M	-
Road Freight Transportation Growth	0.62%	4.47%	35.87%	-	-
Integrated Solutions (Excl. Port Terminal)	2.35B	2.03B	1.57B	1.45B	1.21B
Integrated Solutions (Excl. Port Terminal) Growth	15.30%	29.66%	8.52%	19.64%	-
Elimination	-242.03M	-253.41M	-134.14M	-104.89M	-76.74M
Total	3.08B	2.80B	2.34B	2.07B	1.40B
Total Growth	10.20%	19.55%	13.14%	47.96%	-

Revenue by Geography

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

Millions BRL. 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
Brazil	2.54B	2.70B	2.11B	1.60B	883.60M
Brazil Growth	-5.94%	28.24%	31.56%	81.11%	-
Argentina	101.14M	67.13M	220.31M	226.72M	298.40M
Argentina Growth	50.67%	-69.53%	-2.83%	-24.02%	-
Switzerland	537.94M	230.29M	144.70M	178.80M	151.26M
Switzerland Growth	133.59%	59.14%	-19.07%	18.21%	-
Austria	-	7.38M	8.45M	102.81M	49.70M
Austria Growth	-	-12.63%	-91.78%	106.89%	-
Denmark	84.74M	50.56M	75.39M	47.87M	44.35M
Denmark Growth	67.60%	-32.94%	57.50%	7.92%	-
Germany	4.75M	19.00M	34.98M	16.93M	42.94M
Germany Growth	-75.01%	-45.69%	106.59%	-60.56%	-
France	119.38M	66.43M	30.01M	27.90M	31.21M
France Growth	79.72%	121.34%	7.56%	-10.60%	-
Israel	6.77M	7.83M	9.69M	26.70M	12.97M
Israel Growth	-13.55%	-19.23%	-63.69%	105.80%	-
China	56.26M	51.96M	57.70M	39.11M	12.80M
China Growth	8.26%	-9.95%	47.55%	205.55%	-
Italy	7.94M	4.02M	5.89M	6.36M	4.34M
Italy Growth	97.66%	-31.83%	-7.35%	46.63%	-
Others	26.19M	15.33M	7.05M	79.02M	14.81M
Others Growth	70.87%	117.30%	-91.07%	433.53%	-
Unallocated	-403.58M	-424.08M	-360.93M	-285.47M	-149.34M
Total	3.08B	2.80B	2.34B	2.07B	1.40B
Total Growth	10.20%	19.55%	13.14%	47.96%	-

Source: S&P Global Market Intelligence.