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	FY 2015	FY 2014	FY 2013	FY 2012
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	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Domestic Market Revenue	16.50B	16.34B
Domestic Market Revenue Growth	1.00%	6.72%
North America Revenue	11.77B	10.48B
North America Revenue Growth	12.34%	29.44%
South and Central America Revenue	2.16B	2.17B
South and Central America Revenue Growth	-0.69%	7.43%
Europe Revenue	6.14B	5.14B
Europe Revenue Growth	19.54%	15.47%
Africa Revenue	1.36B	1.38B
Africa Revenue Growth	-1.03%	20.21%
Asia-Pacific Revenue	2.87B	2.48B
Asia-Pacific Revenue Growth	15.54%	67.61%
Total External Market Revenue	24.30B	21.65B
Total External Market Revenue Growth	12.26%	25.91%

Revenue

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	FY 2015	FY 2014	FY 2013	FY 2012
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	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Brazil - Industry Revenue	17.73B	16.90B
Brazil - Industry Revenue Growth	4.92%	8.00%
Brazil - Energy Revenue	6.58B	7.01B
Brazil - Energy Revenue Growth	-6.10%	9.53%
Foreign Revenue	35.40B	30.73B
Foreign Revenue Growth	15.20%	24.19%
Eliminations from Revenue	-18.91B	-16.65B

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	FY 2015	FY 2014	FY 2013	FY 2012
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	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Brazil - Industry Income Before Taxes	8.70B	8.55B
Brazil - Industry Income Before Taxes Growth	1.69%	3.51%
Brazil - Energy Income Before Taxes	4.75B	4.79B
Brazil - Energy Income Before Taxes Growth	-0.73%	4.66%
Foreign Income Before Taxes	7.37B	5.86B
Foreign Income Before Taxes Growth	25.82%	-2.60%
Eliminations from Income Before Taxes	-12.67B	-11.29B

Updated Dec 31, 2025. Data Source: Fiscal.ai.