| Schedule of consolidated results |
| Schedule of consolidated results |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12/31/2025 |
| P&L |
|
Ref. |
|
Steel |
|
Mining |
|
Logistics |
|
|
|
|
|
Energy |
|
Cement |
|
Corporate expenses/elimination |
|
Consolidated |
| |
|
|
|
Port |
|
Railroads |
|
Road transport |
|
|
|
|
| Net revenues |
|
27 |
|
22,025,804 |
|
15,400,473 |
|
303,839 |
|
3,114,434 |
|
955,943 |
|
682,068 |
|
4,905,993 |
|
(2,590,608) |
|
44,797,946 |
| In Brazil |
|
|
|
16,005,141 |
|
1,621,818 |
|
303,839 |
|
3,114,434 |
|
935,551 |
|
682,068 |
|
4,905,989 |
|
(5,282,884) |
|
22,285,956 |
| Abroad |
|
|
|
6,020,663 |
|
13,778,655 |
|
|
|
|
|
20,392 |
|
|
|
4 |
|
2,692,276 |
|
22,511,990 |
| Cost of sales and services |
|
28 |
|
(19,980,031) |
|
(10,052,663) |
|
(242,931) |
|
(1,734,809) |
|
(833,177) |
|
(480,426) |
|
(3,353,074) |
|
4,272,890 |
|
(32,404,221) |
| Gross profit |
|
|
|
2,045,773 |
|
5,347,810 |
|
60,908 |
|
1,379,625 |
|
122,766 |
|
201,642 |
|
1,552,919 |
|
1,682,282 |
|
12,393,725 |
| General and administrative expenses |
|
28 |
|
(1,304,105) |
|
(341,612) |
|
(13,664) |
|
(293,003) |
|
(48,793) |
|
(35,418) |
|
(1,123,892) |
|
(2,851,825) |
|
(6,012,312) |
| Other operating income/(expenses), net |
|
29 |
|
(1,151,153) |
|
(436,614) |
|
(9,226) |
|
(39,806) |
|
(13,036) |
|
(32,790) |
|
308,289 |
|
(709,147) |
|
(2,083,483) |
| Equity in results of affiliated companies |
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
518,744 |
|
518,744 |
| Operating result before Financial Income and Taxes |
|
|
|
(409,485) |
|
4,569,584 |
|
38,018 |
|
1,046,816 |
|
60,937 |
|
133,434 |
|
737,316 |
|
(1,359,946) |
|
4,816,674 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales by geographic area |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asia |
|
|
|
|
|
13,135,426 |
|
|
|
|
|
|
|
|
|
|
|
2,674,779 |
|
15,810,205 |
| North America |
|
|
|
1,055,824 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,055,824 |
| Latin America |
|
|
|
42,956 |
|
|
|
|
|
|
|
20,392 |
|
|
|
4 |
|
|
|
63,352 |
| Europe |
|
|
|
3,664,868 |
|
643,229 |
|
|
|
|
|
|
|
|
|
|
|
|
|
4,308,097 |
| Others |
|
|
|
1,257,014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
17,498 |
|
1,274,512 |
| Foreign market |
|
|
|
6,020,662 |
|
13,778,655 |
|
|
|
|
|
20,392 |
|
|
|
4 |
|
2,692,277 |
|
22,511,990 |
| Domestic market |
|
|
|
16,005,141 |
|
1,621,818 |
|
303,839 |
|
3,114,434 |
|
935,551 |
|
682,068 |
|
4,905,989 |
|
(5,282,884) |
|
22,285,956 |
| Total |
|
|
|
22,025,804 |
|
15,400,473 |
|
303,839 |
|
3,114,434 |
|
955,943 |
|
682,068 |
|
4,905,993 |
|
(2,590,608) |
|
44,797,946 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12/31/2024 |
| P&L |
|
Ref. |
|
Steel |
|
Mining |
|
Logistics |
|
|
|
|
|
Energy |
|
Cement |
|
Corporate expenses/elimination |
|
Consolidated |
| |
|
|
|
Port |
|
Railroads |
|
Road transport |
|
|
|
|
| Net revenues |
|
27 |
|
23,178,678 |
|
13,092,645 |
|
352,508 |
|
2,892,041 |
|
|
|
521,465 |
|
4,766,343 |
|
(1,116,220) |
|
43,687,460 |
| In Brazil |
|
|
|
16,901,495 |
|
1,510,550 |
|
352,508 |
|
2,892,041 |
|
|
|
521,465 |
|
4,766,343 |
|
(4,604,004) |
|
22,340,398 |
| Abroad |
|
|
|
6,277,183 |
|
11,582,095 |
|
|
|
|
|
|
|
|
|
|
|
3,487,784 |
|
21,347,062 |
| Cost of sales and services |
|
28 |
|
(21,759,435) |
|
(8,202,297) |
|
(262,061) |
|
(1,674,401) |
|
|
|
(419,138) |
|
(3,384,409) |
|
3,711,045 |
|
(31,990,696) |
| Gross profit |
|
|
|
1,419,243 |
|
4,890,348 |
|
90,447 |
|
1,217,640 |
|
|
|
102,327 |
|
1,381,934 |
|
2,594,825 |
|
11,696,764 |
| General and administrative expenses |
|
28 |
|
(1,289,952) |
|
(267,173) |
|
(11,336) |
|
(266,128) |
|
|
|
(48,674) |
|
(815,797) |
|
(3,610,236) |
|
(6,309,296) |
| Other operating income/(expenses), net |
|
29 |
|
(864,103) |
|
(10,803) |
|
(13,266) |
|
270,024 |
|
|
|
(61,065) |
|
(94,899) |
|
(791,382) |
|
(1,565,494) |
| Equity in results of affiliated companies |
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
448,048 |
|
448,048 |
| Operating result before Financial Income and Taxes |
|
|
|
(734,812) |
|
4,612,372 |
|
65,845 |
|
1,221,536 |
|
|
|
(7,412) |
|
471,238 |
|
(1,358,745) |
|
4,270,022 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales by geographic area |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asia |
|
|
|
|
|
10,698,348 |
|
|
|
|
|
|
|
|
|
|
|
3,487,784 |
|
14,186,132 |
| North America |
|
|
|
1,750,998 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,750,998 |
| Latin America |
|
|
|
70,752 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
70,752 |
| Europe |
|
|
|
4,455,433 |
|
825,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
5,281,368 |
| Others |
|
|
|
|
|
57,812 |
|
|
|
|
|
|
|
|
|
|
|
|
|
57,812 |
| Foreign market |
|
|
|
6,277,183 |
|
11,582,095 |
|
|
|
|
|
|
|
|
|
|
|
3,487,784 |
|
21,347,062 |
| Domestic market |
|
|
|
16,901,495 |
|
1,510,550 |
|
352,508 |
|
2,892,041 |
|
|
|
521,465 |
|
4,766,343 |
|
(4,604,004) |
|
22,340,398 |
| Total |
|
|
|
23,178,678 |
|
13,092,645 |
|
352,508 |
|
2,892,041 |
|
- |
|
521,465 |
|
4,766,343 |
|
(1,116,220) |
|
43,687,460 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12/31/2023 |
| P&L |
|
Ref. |
|
Steel |
|
Mining |
|
Logistics |
|
Energy |
|
Cement |
|
Corporate expenses/elimination |
|
Consolidated |
| |
|
|
|
Port |
|
Railroads |
|
|
|
|
| Net revenues |
|
|
|
22,717,486 |
|
17,135,648 |
|
265,949 |
|
2,644,949 |
|
545,735 |
|
4,510,553 |
|
(2,382,370) |
|
45,437,950 |
| In Brazil |
|
|
|
16,516,265 |
|
1,804,173 |
|
265,949 |
|
2,644,949 |
|
545,735 |
|
4,510,553 |
|
(4,209,084) |
|
22,078,540 |
| Abroad |
|
|
|
6,201,221 |
|
15,331,475 |
|
|
|
|
|
|
|
|
|
1,826,714 |
|
23,359,410 |
| Cost of sales and services |
|
26 |
|
(21,008,013) |
|
(9,931,881) |
|
(248,938) |
|
(1,492,728) |
|
(441,281) |
|
(3,644,362) |
|
3,292,014 |
|
(33,475,189) |
| Gross profit |
|
|
|
1,709,473 |
|
7,203,767 |
|
17,011 |
|
1,152,221 |
|
104,454 |
|
866,191 |
|
909,644 |
|
11,962,761 |
| General and administrative expenses |
|
26 |
|
(1,218,767) |
|
(421,218) |
|
(10,558) |
|
(218,878) |
|
(57,854) |
|
(557,585) |
|
(2,005,123) |
|
(4,489,983) |
| Other operating income/(expenses), net |
|
27 |
|
(1,065,188) |
|
(974,590) |
|
(675) |
|
10,390 |
|
188,866 |
|
(253,931) |
|
(542,032) |
|
(2,637,160) |
| Equity in results of affiliated companies |
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
351,131 |
|
351,131 |
| Operating result before Financial Income and Taxes |
|
|
|
(574,482) |
|
5,807,959 |
|
5,778 |
|
943,733 |
|
235,466 |
|
54,675 |
|
(1,286,380) |
|
5,186,749 |
| Sales by geographic area |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asia |
|
|
|
|
|
14,714,924 |
|
|
|
|
|
|
|
|
|
1,826,714 |
|
16,541,638 |
| North America |
|
|
|
1,671,773 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,671,773 |
| Latin America |
|
|
|
132,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
132,219 |
| Europe |
|
|
|
4,397,229 |
|
616,551 |
|
|
|
|
|
|
|
|
|
|
|
5,013,780 |
| Foreign market |
|
|
|
6,201,221 |
|
15,331,475 |
|
|
|
|
|
|
|
|
|
1,826,714 |
|
23,359,410 |
| Domestic market |
|
|
|
16,516,265 |
|
1,804,173 |
|
265,949 |
|
2,644,949 |
|
545,735 |
|
4,510,553 |
|
(4,209,084) |
|
22,078,540 |
| Total |
|
|
|
22,717,486 |
|
17,135,648 |
|
265,949 |
|
2,644,949 |
|
545,735 |
|
4,510,553 |
|
(2,382,370) |
|
45,437,950 |
|