| Disclosure of segmental revenues and results |
| |
|
For
the six months ended June 30, 2026 |
|
| |
|
|
|
|
|
|
|
|
|
|
Total
reportable segments |
|
|
|
|
|
|
|
| |
|
|
|
|
Revenues
|
|
|
141,371
|
|
|
|
113,320
|
|
|
|
66,693
|
|
|
|
321,384
|
|
|
|
1,093
|
|
|
|
322,477
|
|
|
Tax benefits
|
|
|
-
|
|
|
|
-
|
|
|
|
86,807
|
|
|
|
86,807
|
|
|
|
-
|
|
|
|
86,807
|
|
|
Total
revenues and income |
|
|
141,371
|
|
|
|
113,320
|
|
|
|
153,500
|
|
|
|
408,191
|
|
|
|
1,093
|
|
|
|
409,284
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment
adjusted EBITDA |
|
|
125,478
|
|
|
|
85,484
|
|
|
|
138,078
|
|
|
|
349,040
|
|
|
|
(1,400
|
|
|
|
347,640
|
|
| |
|
|
|
|
|
|
Reconciliations
of unallocated amounts: |
|
|
|
|
|
|
Headquarter costs (*)
|
|
|
|
(33,398
|
)
|
|
Intersegment profit
|
|
|
|
9
|
|
|
Gains from projects disposals
(**) |
|
|
|
(28,905
|
)
|
|
Depreciation and amortization
and share-based compensation |
|
|
|
(108,148
|
|
|
Operating
profit |
|
|
|
177,198
|
|
|
Finance income
|
|
|
|
20,260
|
|
|
Finance expenses
|
|
|
|
(104,554
|
)
|
|
Share of the losses of
equity accounted investees |
|
|
|
|
|
|
Profit
before income taxes |
|
|
|
91,483
|
|
| (*) |
Including general and administrative and development
expenses (excluding depreciation and amortization and share based compensation). |
| (**) |
Reconciliation between EBITDA and operating profit
reflecting the realization of revaluation gains from an asset revalued in 2025. |
| |
|
For
the six months ended June 30, 2025 |
|
| |
|
|
|
|
|
|
|
|
|
|
Total
reportable segments |
|
|
|
|
|
|
|
| |
|
|
|
|
Revenues
|
|
|
95,637
|
|
|
|
99,184
|
|
|
|
30,008
|
|
|
|
224,829
|
|
|
|
1,046
|
|
|
|
225,875
|
|
|
Tax benefits
|
|
|
-
|
|
|
|
-
|
|
|
|
38,972
|
|
|
|
38,972
|
|
|
|
-
|
|
|
|
38,972
|
|
|
Total
revenues and income |
|
|
95,637
|
|
|
|
99,184
|
|
|
|
68,980
|
|
|
|
263,801
|
|
|
|
1,046
|
|
|
|
264,847
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment
adjusted EBITDA |
|
|
107,031
|
|
|
|
82,226
|
|
|
|
59,913
|
|
|
|
249,170
|
|
|
|
1,079
|
|
|
|
250,249
|
|
| |
|
|
|
|
|
|
Reconciliations
of unallocated amounts: |
|
|
|
|
|
|
Headquarter costs (*)
|
|
|
|
(22,958
|
)
|
|
Intersegment profit
|
|
|
|
127
|
|
|
Gains from projects disposals
|
|
|
|
55,336
|
|
|
Depreciation and amortization
and share-based compensation |
|
|
|
(74,011
|
|
|
Operating
profit |
|
|
|
208,743
|
|
|
Finance income
|
|
|
|
8,166
|
|
|
Finance expenses
|
|
|
|
(82,286
|
)
|
|
Share of the losses of
equity accounted investees |
|
|
|
(1,645
|
|
|
Profit
before income taxes |
|
|
|
132,978
|
|
| (*) |
Including general and administrative and development
expenses (excluding depreciation and amortization and share based compensation). |
| |
|
For
the three months ended June 30, 2026 |
|
| |
|
|
|
|
|
|
|
|
|
|
Total
reportable segments |
|
|
|
|
|
|
|
| |
|
|
|
|
Revenues
|
|
|
76,869
|
|
|
|
52,259
|
|
|
|
36,160
|
|
|
|
165,288
|
|
|
|
702
|
|
|
|
165,990
|
|
|
Tax benefits
|
|
|
-
|
|
|
|
-
|
|
|
|
43,701
|
|
|
|
43,701
|
|
|
|
-
|
|
|
|
43,701
|
|
|
Total
revenues and income |
|
|
76,869
|
|
|
|
52,259
|
|
|
|
79,861
|
|
|
|
208,989
|
|
|
|
702
|
|
|
|
209,691
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment
adjusted EBITDA |
|
|
66,703
|
|
|
|
38,900
|
|
|
|
72,044
|
|
|
|
177,647
|
|
|
|
(946
|
|
|
|
176,701
|
|
| |
|
|
|
|
|
|
Reconciliations
of unallocated amounts: |
|
|
|
|
|
|
Headquarter costs (*)
|
|
|
|
(16,441
|
)
|
|
Gains from projects disposals
(**) |
|
|
|
(17,003
|
)
|
|
Depreciation and amortization
and share-based compensation |
|
|
|
(52,325
|
|
|
Operating
profit |
|
|
|
90,932
|
|
|
Finance income
|
|
|
|
11,264
|
|
|
Finance expenses
|
|
|
|
(60,371
|
)
|
|
Share of the losses of
equity accounted investees |
|
|
|
(428
|
|
|
Profit
before income taxes |
|
|
|
41,397
|
|
| (*) |
Including general and administrative and development
expenses (excluding depreciation and amortization and share based compensation). |
| (**) |
Reconciliation between EBITDA and operating profit
reflecting the realization of revaluation gains from an asset revalued in 2025. |
| |
|
For
the three months ended June 30, 2025 |
|
| |
|
|
|
|
|
|
|
|
|
|
Total
reportable segments |
|
|
|
|
|
|
|
| |
|
|
|
|
Revenues
|
|
|
52,770
|
|
|
|
47,800
|
|
|
|
15,330
|
|
|
|
115,900
|
|
|
|
217
|
|
|
|
116,117
|
|
|
Tax benefits
|
|
|
-
|
|
|
|
-
|
|
|
|
18,861
|
|
|
|
18,861
|
|
|
|
-
|
|
|
|
18,861
|
|
|
Total
revenues and income |
|
|
52,770
|
|
|
|
47,800
|
|
|
|
34,191
|
|
|
|
134,761
|
|
|
|
217
|
|
|
|
134,978
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment
adjusted EBITDA |
|
|
39,014
|
|
|
|
37,563
|
|
|
|
29,364
|
|
|
|
105,941
|
|
|
|
998
|
|
|
|
106,939
|
|
| |
|
|
|
|
|
|
Reconciliations
of unallocated amounts: |
|
|
|
|
|
|
Headquarter costs (*)
|
|
|
|
(11,257
|
)
|
|
Intersegment profit
|
|
|
|
21
|
|
|
Gains from projects disposals
|
|
|
|
363
|
|
|
Depreciation and amortization
and share-based compensation |
|
|
|
(38,512
|
|
|
Operating
profit |
|
|
|
57,554
|
|
|
Finance income
|
|
|
|
1,471
|
|
|
Finance expenses
|
|
|
|
(52,083
|
)
|
|
Share of the losses of
equity accounted investees |
|
|
|
(418
|
|
|
Profit
before income taxes |
|
|
|
6,524
|
|
| (*) |
Including general and administrative and development
expenses (excluding depreciation and amortization and share based compensation). |
|