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 2014
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 '14 Dec 31, 2014
Circular Economy	75.62M	78.12M					-	-	-
Circular Economy Growth	-3.20%	-					-	-	-
Energy Transition	162.04M	82.04M					-	-	-
Energy Transition Growth	97.52%	-					-	-	-
Final Destination	812.68M	743.32M					-	-	-
Final Destination Growth	9.33%	-					-	-	-
Energy, Biogas and Carbon Credits	-	-					30.52M	18.41M	14.98M
Energy, Biogas and Carbon Credits Growth	-	-					65.77%	22.91%	-
Waste Processing / WTE	-	-					46.96M	38.87M	10.53M
Waste Processing / WTE Growth	-	-					20.80%	269.28%	-
Environmental Engineering	-	-					29.34M	29.17M	31.69M
Environmental Engineering Growth	-	-					0.57%	-7.97%	-
Treatment and Final Destination	-	-					241.34M	209.50M	174.43M
Treatment and Final Destination Growth	-	-					15.20%	20.10%	-
Total	1.05B	903.47M					348.15M	295.95M	231.63M
Total Growth	16.26%	-					17.64%	27.77%	-

Source: S&P Global Market Intelligence.