On Thursday, August 6, 2026, Alupar (ALUP11) reported net income attributable to controlling shareholders of R$ 416.6 million in the second quarter of 2026 (2Q26), an increase of 187.6% compared to R$ 144.9 million in 2Q25. Under the regulatory criterion, the company’s net income totaled R$ 159 million in 2Q26, versus R$ 186.1 million a year earlier.
Consolidated net revenue reached R$ 1.63 billion in 2Q26, growth of 55.4% compared to R$ 1.05 billion in the same period of 2025. Consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 1.06 billion in the quarter, an increase of 76% over the R$ 600.5 million of a year earlier, with an EBITDA margin of 65% and an adjusted EBITDA margin of 84.7%. Consolidated net debt ended June at R$ 9.50 billion, which represents 2.6 times the last 12 months’ EBITDA under the IFRS corporate criterion and 3.2 times under the regulatory criterion.
In the transmission segment, regulatory net revenue was R$ 733.5 million in 2Q26, an increase of 14.7% over 2Q25, while regulatory EBITDA for the segment totaled R$ 649 million, up 12.7% in the same comparison. Under IFRS, transmission net revenue reached R$ 1.41 billion, an increase of 70.8%, and segment EBITDA was R$ 981.3 million, 98% higher than a year earlier, driven mainly by higher remuneration revenue from the contractual asset and by the monetary adjustment of this asset.
In power generation and trading, consolidated net revenue was R$ 212.6 million in 2Q26, a decrease of 3.5% versus 2Q25. Segment EBITDA fell 17.6% to R$ 104.6 million, and consolidated net income from generation totaled R$ 13.4 million, compared to R$ 42.3 million in the same quarter of 2025, impacted by higher energy purchases, increased grid charges and exchange rate variation at plants abroad.
On August 6, 2026, Alupar’s Board of Directors approved the distribution of interim dividends related to 2Q26 results in the amount of R$ 69.22 million, equivalent to R$ 0.07 per common and preferred share and R$ 0.21 per Unit. Shareholders on record at the close of August 13, 2026 will be entitled to the dividends, and payment will be made within 60 days after approval, with the shares trading ex-dividends as of August 14, 2026.
