Quarterly ResultMay 7, 2026, 06:12 AM
AXIA Energia 1Q26 Adj. Net Income R$3.71B; EBITDA R$8.6B, +60% YoY
AI Summary
AXIA Energia S.A. reported strong first-quarter 2026 results, with Adjusted Net Income (IFRS) reaching R$ 3,707 million, a significant turnaround from a loss in the prior year. Adjusted Regulatory EBITDA surged by 60.0% to R$ 8,600 million, driven by increased generation revenue, reduced energy purchase costs, and lower operating expenses. The company also made strategic advancements, including the approval of R$ 4 billion in allocable capital, migration to B3's Novo Mercado, and significant portfolio management activities like the sale of EMAE stake and uncrossing of transmission equity stakes.
Key Highlights
- Adjusted Net Income (IFRS) reached R$ 3,707 million in 1Q26, compared to a loss of R$ 80 million in 1Q25.
- Adjusted Regulatory EBITDA totaled R$ 8,600 million in 1Q26, an increase of 60.0% year-over-year.
- Gross Revenue was R$ 14,586 million, up 19.3% YoY, with Net Operating Revenue at R$ 12,712 million, up 22.1% YoY.
- Investments in 1Q26 increased by 36.2% YoY to R$ 1,355 million, with transmission expansion investments up significantly.
- The Board of Directors approved R$ 4 billion in allocable capital.
- Secured 190 MW in the 2026 Reserve Capacity Auction, representing a R$ 1 billion investment.
- Completed the sale of EMAE stake and uncrossed transmission equity stakes, receiving R$ 1.174 billion.
- Issued R$ 2 billion in debentures in February 2026.