Celesc (CLSC3, CLSC4) posted net income of R$ 278.1 mn in the third quarter of 2026 (3Q26), up 63.5% from R$ 170.1 mn in 3Q25. For the nine months (9M26), net income was R$ 824.9 mn, an increase of 44.4%. Adjusted for non-recurring items, 3Q26 net income was R$ 201.6 mn, up 18.5%.
EBITDA (earnings before interest, taxes, depreciation and amortization) totaled R$ 531.5 mn in 3Q26, up 26.4% from R$ 420.5 mn in 3Q25, with a margin of 18.1%. In 9M26, it reached R$ 1,612.1 mn, up 14.0%. Adjusted EBITDA was R$ 413.8 mn in the quarter, down 1.6%, and R$ 1,577.5 mn year to date.
Consolidated net operating revenue was R$ 2,929.4 mn in 3Q26, down 1.1% from 3Q25. In 9M26, it totaled R$ 9,427.8 mn, up 6.6%. Operating costs and expenses fell 5.1% in the quarter, to R$ 2,514.2 mn, and rose 5.4% year to date, to R$ 8,164.9 mn.
Consolidated investments in generation and distribution were R$ 432.4 mn in the quarter (up 12.1%) and R$ 1,173.1 mn in 9M26. Consolidated net debt was R$ 5,184.3 mn at the end of September 2026.
At Celesc Distribuição, net income was R$ 165.7 mn in 3Q26 (up 17.6%) and EBITDA was R$ 413.1 mn (up 9.3%). The average tariff adjustment was 13.53% in the 2025/2026 cycle and 10.82% in the 2026/2027 cycle. Energy billed by the distributor was 7,183 GWh in the quarter, up 0.7%.
Is CLSC4 worth investing in?
- Price
- R$ 187.71
- as of 11/12/2026
- Dividend yield
- 7.11 %
- P/L
- 8.27
- P/VPA
- 1.71
