Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. (ELI:SEM)

Revenue by Segment

Financials in millions EUR. 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
Cement		701.84M	693.35M	602.98M	495.86M	451.00M
Cement Growth		1.22%	14.99%	21.60%	9.95%	-11.74%
Holdings		18.95M	17.02M	13.88M	16.09M	14.72M
Holdings Growth		11.34%	22.61%	-13.74%	9.27%	-25.33%
Other Businesses		60.48M	60.74M	54.62M	39.97M	31.39M
Other Businesses Growth		-0.42%	11.20%	36.65%	27.34%	3.74%
Pulp and Paper		2.09B	1.95B	2.46B	1.60B	1.39B
Pulp and Paper Growth		6.91%	-20.75%	54.44%	15.20%	-17.92%
Intra Group Eliminations		-20.13M	-18.03M	-14.09M	-16.41M	-15.11M
Total		2.85B	2.71B	3.12B	2.13B	1.87B
Total Growth		5.29%	-13.31%	46.48%	14.14%	-16.21%

Revenue by Geography

Financials in millions EUR. 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
Portugal		704.72M	708.96M	763.81M	554.94M	531.94M
Portugal Growth		-0.60%	-7.18%	37.64%	4.32%	-8.88%
Rest of Europe		1.33B	1.13B	1.37B	846.39M	812.39M
Rest of Europe Growth		17.60%	-17.06%	61.65%	4.18%	-8.68%
America		302.68M	236.60M	439.17M	293.18M	210.90M
America Growth		27.92%	-46.12%	49.80%	39.02%	-21.18%
Africa		309.08M	291.18M	378.11M	280.62M	204.08M
Africa Growth		6.15%	-22.99%	34.74%	37.51%	-26.27%
Asia		198.14M	334.64M	172.60M	154.57M	107.45M
Asia Growth		-40.79%	93.88%	11.67%	43.85%	-48.94%
Oceania		252.92K	133.54K	109.42K	1.68M	608.05K
Oceania Growth		89.39%	22.05%	-93.49%	176.61%	107.30%
Total		2.85B	2.71B	3.12B	2.13B	1.87B
Total Growth		5.29%	-13.31%	46.48%	14.14%	-16.21%

Source: S&P Global Market Intelligence.