Centrais Elétricas Brasileiras S.a. - Eletrobras Stock Earnings Reports

AXIA Energia reported Q3 2025 results highlighting continued de-risking, active capital allocation and strong shareholder returns. Management announced an additional BRL 4.3 billion dividend to be paid in December, bringing total FY2025 dividends to BRL 8.3 billion (BRL 4.01 per PNA/PNB and BRL 3.65 per common/golden share). Key corporate actions in the quarter included the signed sale of the Eletronuclear stake (BRL 535 million proceeds and guarantee releases), sale of EMAE, completion of the Santa Cruz thermal plant divestment, and acquisition of a 50.1% stake in Tres Irmaos (Tijoa) for BRL 247 million. The company completed its exit from thermal generation and is now 100% renewable, underscoring its net-zero by 2030 ambition. AXIA won multiple transmission lots at recent auctions (investments ~BRL 1.6 billion plus RAP), is preparing for further participation in upcoming auctions (transmission, capacity, batteries) and sees attractive mid-single to mid-teen returns on infrastructure auctions. Financially, Q3 revenue was impacted by one-off regulatory and contract effects and by divestments, with adjusted net income down materially due to a nuclear contract provision and asset sales. Management emphasized a conservative 5-year capital allocation methodology that excludes unclosed M&A and uses conservative price assumptions, guiding dividend decisions and preserving balance-sheet resilience. On ESG/operations, AXIA announced a Google Cloud partnership for AI-based weather forecasting, a BRL 51 million water-conservation initiative in the Canastra range, and ongoing focus on modulation gains from hydro assets and battery opportunities as market/regulatory frameworks evolve.