Revenue from contracts with customers

12 Months Ended

Dec. 31, 2025

Note 5. Revenue from contracts with customers


	Year ended December 31, 2025		Year ended December 31, 2024		Year ended December 31, 2023
Goods sold		2,474,197		1,647,768		1,168,774

Total revenue from contracts with customers		2,474,197		1,647,768		1,168,774

Recognized at a point in time		2,474,197		1,647,768		1,168,774

The Company’s transactions and main revenue are described in Note 2.4.7. Revenue is derived from contracts with customers.

5.1 Information broken down by revenue from contracts with customers


Type of products	Year ended December 31, 2025		Year ended December 31, 2024		Year ended December 31, 2023
Revenues from crude oil sales		2,384,912		1,573,069		1,097,316
Revenues from natural gas sales		83,104		71,756		67,290
Revenues from LPG sales		6,181		2,943		4,168

Total revenue from contracts with customers		2,474,197		1,647,768		1,168,774


Distribution channels	Year ended December 31, 2025		Year ended December 31, 2024		Year ended December 31, 2023
Exports of crude oil		1,494,529		807,526		642,155
Local crude oil		890,383		765,543		455,161
Local natural gas		71,228		51,898		46,931
Exports of natural gas		11,876		19,858		20,359
LPG sales		6,181		2,943		4,168

Total revenue from contracts with customers		2,474,197		1,647,768		1,168,774

5.2 Performance obligations

The Company’s performance obligations are related to the transfer of goods to customers. The E&P business involves all the activities related to crude oil and natural gas exploration, development and production. Revenue is mainly derived from the sale of produced crude oil, natural gas and LPG to third parties at a point in time.