In its release of second-quarter 2026 results, Celesc (CLSC4) reported consolidated net income of R$ 296.1 million, an increase of 99.4% compared to 2Q25. In the same period, the company posted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 546.4 million, up 23.3%, and net operating revenue of R$ 2.999 billion, growth of 3.5% year over year.
In the first six months of 2026, net income reached R$ 546.8 million, 36.3% above the R$ 401.2 million recorded in 2025. Net operating revenue totaled R$ 6.498 billion in the half, an increase of 10.6%, while consolidated EBITDA came to R$ 1.080 billion, up 8.8% compared to the same period of the previous year. Considering non-recurring adjustments related to the Incentivized Dismissal Program (PDI), adjusted EBITDA reached R$ 1.164 billion and adjusted net income came to R$ 601.7 million in the half.
Celesc Distribuição, the group’s main subsidiary, accounted for most of the results. In 2Q26, the distributor posted net operating revenue of R$ 2.938 billion, 3.1% higher than in 2025, and EBITDA of R$ 505.7 million, an increase of 25.1%. The distributor’s net income reached R$ 270.2 million in the quarter, growth of 120.8%, and R$ 487.3 million in the 2026 year to date, an advance of 44%. Performance was driven by higher Parcela B generation, lower losses, higher other revenues, and an average tariff adjustment of 13.53% in the 2025/2026 cycle.
At Celesc Geração, net operating revenue totaled R$ 64.1 million in 2Q26, an increase of 21.4% over 2Q25, and EBITDA was R$ 37.1 million, up 11.4%. The generator’s net income reached R$ 25.3 million in the quarter and R$ 55.3 million in the half, increases of 15.1% and 12.4%, respectively. Factors impacting the result included higher energy supply, revenue from leasing photovoltaic plants, higher financial income related to grant bonus and compensation for the Pery plant, and an increase in the Settlement Price for Differences (PLD).
On June 30, 2026, Celesc’s consolidated net financial debt was R$ 5.177 billion, up 12.3% compared to December 2025, with total debt of R$ 5.686 billion. The ratio of net debt to EBITDA over the last 12 months stood at 2.7 times, stable at a level close to the end of 2025. In the quarter, consolidated investments in power generation and distribution totaled R$ 306.4 million, a decrease of 16.3% versus 2Q25, while in the half investments reached R$ 742.2 million, an increase of 12% over the same period of the previous year.
