Companhia Energetica Minas Gerais ( (CIG) ) has released its Q2 earnings. Here is a breakdown of the information Companhia Energetica Minas Gerais presented to its investors.
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Companhia Energetica Minas Gerais (CEMIG) is a prominent player in the Brazilian electricity sector, known for its commitment to 100% renewable energy sources and its leadership in the industry for over 25 years.
In its latest earnings report for the second quarter of 2025, CEMIG reported a consolidated net profit of R$ 1.19 billion and an adjusted net profit of R$ 1.32 billion. The company’s EBITDA stood at R$ 2.01 billion, with an adjusted EBITDA of R$ 2.21 billion, showcasing consistent financial performance despite challenges in the energy trading segment.
Key financial highlights include a 14.3% increase in net revenue to R$ 10.79 billion, driven by higher electricity sales and distribution system charges. However, the consolidated EBITDA saw a decline of 15.3% compared to the previous year, primarily due to increased operational costs and a negative impact from energy trading activities. The company also reported significant investments totaling R$ 2.8 billion in the first half of 2025, focusing on distribution and transmission enhancements.
CEMIG’s strategic initiatives included a tariff adjustment with an average effect of 7.78% and efforts to improve operational efficiency, such as reducing energy losses and enhancing the client base. The company also maintained a low leverage ratio, ensuring the continuity of its investment programs.
Looking ahead, CEMIG remains focused on maintaining its leadership in the renewable energy sector and enhancing its operational efficiency. The management is optimistic about the company’s growth prospects, supported by a robust investment strategy and a commitment to sustainability.