On Wednesday, August 5, 2026, ENGIE Brasil Energia (EGIE3) reported that it closed 2Q26 with adjusted net income of R$ 694 million, up 23.0% compared to 2Q25. In the same period, total net income was R$ 1.96 billion, driven by a non-recurring financial gain of R$ 1.27 billion from the renegotiation of the Public Asset Use (UBP) of the Cana Brava and Ponte de Pedra plants.
In 2Q26, net operating revenue totaled R$ 3.511 billion, an increase of 13.8% over the R$ 3.086 billion recorded a year earlier, supported by the performance of short-term operations, contracts in the free and regulated markets, and the contribution from the transmission segment. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 2.179 billion, a 16.8% year-on-year increase and a 62.1% margin on revenue.
The financial statements also showed an increase in physical volumes: energy sold, excluding trading, was 4,852 average MW (10,597 GWh), growth of 14.1% compared to 2Q25, while the average net selling price fell 4.0%, from R$ 217.01/MWh to R$ 208.28/MWh. Gross output from the operated plants reached 4,355 average MW, up 6.5%, with higher hydroelectric generation after the acquisition of the Santo Antônio do Jari and Cachoeira Caldeirão plants.
On June 30, 2026, ENGIE Brasil Energia's net debt stood at R$ 25.210 billion, up 16.9% in twelve months and 0.9% compared to the end of 1Q26, equivalent to 3.1 times adjusted EBITDA for the last 12 months. The average nominal cost of debt was 11.3% per year, approximately IPCA plus 6.4%, and the average maturity was 7.1 years.
After the close of the quarter, the company completed a primary public offering that resulted in the issuance of 274.1 million common shares, raising R$ 8.36 billion and increasing share capital to R$ 15.22 billion. Of the total, R$ 2.62 billion was raised from the market and R$ 5.74 billion corresponded to the contribution of the 40% stake in Jirau Energia, a transaction detailed in materials from June 2026 regarding the primary public offering estimated at up to R$ 8.36 billion linked to the contribution of the 40% stake in Jirau. The Board of Directors also approved interim dividends of R$ 770.8 million, equivalent to R$ 0.54420747574 per share, with shares trading ex-interim-dividends as of August 21, 2026.
