| Disclosure of segmental revenues and results |
| |
|
For
the year ended December 31, 2025 |
|
| |
|
|
|
|
|
|
|
|
|
|
Total
reportable segments |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Revenues
|
|
|
222,388
|
|
|
|
199,763
|
|
|
|
64,911
|
|
|
|
487,062
|
|
|
|
1,534
|
|
|
|
-
|
|
|
|
488,596
|
|
|
Tax benefits
|
|
|
-
|
|
|
|
-
|
|
|
|
93,668
|
|
|
|
93,668
|
|
|
|
-
|
|
|
|
-
|
|
|
|
93,668
|
|
|
External
revenues and income |
|
|
222,388
|
|
|
|
199,763
|
|
|
|
158,579
|
|
|
|
580,730
|
|
|
|
1,534
|
|
|
|
-
|
|
|
|
582,264
|
|
|
Inter-segment revenues
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
4,551
|
|
|
|
(4,551
|
|
|
|
-
|
|
|
Total
revenues and income |
|
|
222,388
|
|
|
|
199,763
|
|
|
|
158,579
|
|
|
|
580,730
|
|
|
|
6,085
|
|
|
|
(4,551
|
|
|
|
582,264
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales (**)
|
|
|
65,784
|
|
|
|
45,463
|
|
|
|
17,206
|
|
|
|
128,453
|
|
|
|
5,466
|
|
|
|
462
|
|
|
|
134,381
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment
adjusted EBITDA |
|
|
189,304
|
|
|
|
159,015
|
|
|
|
142,567
|
|
|
|
490,886
|
|
|
|
1,034
|
|
|
|
-
|
|
|
|
491,920
|
|
| |
|
|
|
|
|
|
Reconciliations
of unallocated amounts: |
|
|
|
|
|
|
Headquarter costs (*)
|
|
|
|
(54,135
|
)
|
|
Intersegment profit
|
|
|
|
188
|
|
|
Depreciation and amortization
and share-based compensation |
|
|
|
(160,392
|
)
|
|
Gains from projects disposals
|
|
|
|
|
|
|
Operating
profit |
|
|
|
332,178
|
|
|
Finance income
|
|
|
|
40,851
|
|
|
Finance expenses
|
|
|
|
(164,730
|
)
|
|
Share in the losses of
equity accounted investees |
|
|
|
(3,722
|
|
|
Profit
before income taxes |
|
|
|
204,577
|
|
(*)
Including general and administrative and development expenses (excluding depreciation and amortization and share-based compensation).
(**)
Excluding depreciation and amortization.
| |
|
For
the year ended December 31, 2024 |
|
| |
|
|
|
|
|
|
|
|
|
|
Total
reportable segments |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Revenues
|
|
|
155,693
|
|
|
|
197,143
|
|
|
|
15,748
|
|
|
|
368,584
|
|
|
|
9,351
|
|
|
|
-
|
|
|
|
377,935
|
|
|
Tax benefits
|
|
|
-
|
|
|
|
-
|
|
|
|
20,860
|
|
|
|
20,860
|
|
|
|
-
|
|
|
|
-
|
|
|
|
20,860
|
|
|
External
revenues and income |
|
|
155,693
|
|
|
|
197,143
|
|
|
|
36,608
|
|
|
|
389,444
|
|
|
|
9,351
|
|
|
|
-
|
|
|
|
398,795
|
|
|
Inter-segment revenues
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
5,569
|
|
|
|
(5,569
|
|
|
|
-
|
|
|
Total
revenues and income |
|
|
155,693
|
|
|
|
197,143
|
|
|
|
36,608
|
|
|
|
389,444
|
|
|
|
14,920
|
|
|
|
(5,569
|
|
|
|
398,795
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales (**)
|
|
|
29,792
|
|
|
|
35,450
|
|
|
|
4,957
|
|
|
|
70,199
|
|
|
|
9,470
|
|
|
|
1,027
|
|
|
|
80,696
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment
adjusted EBITDA |
|
|
123,724
|
|
|
|
165,385
|
|
|
|
33,539
|
|
|
|
322,648
|
|
|
|
4,141
|
|
|
|
-
|
|
|
|
326,789
|
|
| |
|
|
|
|
|
|
Reconciliations
of unallocated amounts: |
|
|
|
|
|
|
Headquarter costs (*)
|
|
|
|
(37,774
|
)
|
|
Intersegment profit
|
|
|
|
100
|
|
|
Depreciation and amortization
and share-based compensation |
|
|
|
(117,249
|
)
|
|
Other incomes not attributed
to segments |
|
|
|
3,669
|
|
|
Operating
profit |
|
|
|
175,535
|
|
|
Finance income
|
|
|
|
20,439
|
|
|
Finance expenses
|
|
|
|
(107,844
|
)
|
|
Share in the losses of
equity accounted investees |
|
|
|
(3,350
|
|
|
Profit
before income taxes |
|
|
|
84,780
|
|
(*)
Including general and administrative and development expenses (excluding depreciation and amortization and share-based compensation).
(**)
Excluding depreciation and amortization.
| |
|
For
the year ended December 31, 2023 |
|
| |
|
|
|
|
|
|
|
|
|
|
Total
reportable segments |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Revenues
|
|
|
67,687
|
|
|
|
177,471
|
|
|
|
2,274
|
|
|
|
247,432
|
|
|
|
8,270
|
|
|
|
-
|
|
|
|
255,702
|
|
|
Tax benefits
|
|
|
-
|
|
|
|
-
|
|
|
|
5,440
|
|
|
|
5,440
|
|
|
|
-
|
|
|
|
-
|
|
|
|
5,440
|
|
|
External
revenues and income |
|
|
67,687
|
|
|
|
177,471
|
|
|
|
7,714
|
|
|
|
252,872
|
|
|
|
8,270
|
|
|
|
-
|
|
|
|
261,142
|
|
|
Inter-segment revenues
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
9,074
|
|
|
|
(9,074
|
|
|
|
-
|
|
|
Total
revenues and income |
|
|
67,687
|
|
|
|
177,471
|
|
|
|
7,714
|
|
|
|
252,872
|
|
|
|
17,344
|
|
|
|
(9,074
|
|
|
|
261,142
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales (**)
|
|
|
13,204
|
|
|
|
31,670
|
|
|
|
778
|
|
|
|
45,652
|
|
|
|
12,888
|
|
|
|
(5,746
|
)
|
|
|
52,794
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment
adjusted EBITDA |
|
|
71,350
|
|
|
|
150,677
|
|
|
|
12,133
|
|
|
|
234,160
|
|
|
|
3,035
|
|
|
|
-
|
|
|
|
237,195
|
|
| |
|
|
|
|
|
|
Reconciliations
of unallocated amounts: |
|
|
|
|
|
|
Headquarter costs (*)
|
|
|
|
(30,434
|
)
|
|
Intersegment profit
|
|
|
|
1,587
|
|
|
Repayment of contract
asset under concession arrangements |
|
|
|
(14,120
|
)
|
|
Depreciation and amortization
and share-based compensation |
|
|
|
(70,766
|
)
|
|
Other incomes not attributed
to segments |
|
|
|
34,681
|
|
|
Operating
profit |
|
|
|
158,143
|
|
|
Finance income
|
|
|
|
36,799
|
|
|
Finance expenses
|
|
|
|
(68,143
|
)
|
|
Share in the losses of
equity accounted investees |
|
|
|
(330
|
|
|
Profit
before income taxes |
|
|
|
126,469
|
|
(*)
Including general and administrative and development expenses (excluding depreciation and amortization and share-based compensation).
(**)
Excluding depreciation and amortization.
|