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
Other Businesses	145.16M	60.48M	60.74M	54.62M	39.97M
Other Businesses Growth	139.99%	-0.42%	11.20%	36.65%	27.34%
Holdings and Eliminations	21.20M	18.95M	17.02M	13.88M	16.09M
Holdings and Eliminations Growth	11.89%	11.34%	22.61%	-13.74%	9.27%
Pulp and Paper	1.97B	2.09B	1.95B	2.46B	1.60B
Pulp and Paper Growth	-5.68%	6.91%	-20.75%	54.44%	15.20%
Intra Group Eliminations	-21.20M	-18.94M	-18.03M	-14.09M	-16.41M
Cement	-	-	693.35M	602.98M	495.86M
Cement Growth	-	-	14.99%	21.60%	9.95%
Total	2.11B	2.15B	2.71B	3.12B	2.13B
Total Growth	-1.58%	-20.60%	-13.31%	46.48%	14.14%

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	288.90M	704.72M	708.96M	763.81M	554.94M
Portugal Growth	-59.01%	-0.60%	-7.18%	37.64%	4.32%
Rest of Europe	1.28B	1.33B	1.13B	1.37B	846.39M
Rest of Europe Growth	-4.18%	17.60%	-17.06%	61.65%	4.18%
America	201.52M	302.68M	236.60M	439.17M	293.18M
America Growth	-33.42%	27.92%	-46.12%	49.80%	39.02%
Africa	197.59M	309.08M	291.18M	378.11M	280.62M
Africa Growth	-36.07%	6.15%	-22.99%	34.74%	37.51%
Asia	147.73M	198.14M	334.64M	172.60M	154.57M
Asia Growth	-25.44%	-40.79%	93.88%	11.67%	43.85%
Oceania	376.05K	252.92K	133.54K	109.42K	1.68M
Oceania Growth	48.68%	89.39%	22.05%	-93.49%	176.61%
Total	2.11B	2.85B	2.71B	3.12B	2.13B
Total Growth	-25.78%	5.29%	-13.31%	46.48%	14.14%

Source: S&P Global Market Intelligence.