Companhia Paranaense De Energia Pfd Class B ( (ELP) ) has released its Q3 earnings. Here is a breakdown of the information Companhia Paranaense De Energia Pfd Class B presented to its investors.
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Companhia Paranaense De Energia, also known as Copel, is a Brazilian company operating in the energy sector, primarily engaged in the generation, transmission, and distribution of electricity. It is recognized for its diversified energy portfolio and extensive transmission network across Brazil.
In its latest earnings report for the third quarter of 2025, Copel reported a recurring EBITDA of R$ 1.3 billion, marking a 7.8% increase compared to the same period last year. The company also highlighted a recurring net income of R$ 374.8 million for the quarter. Copel’s strategic initiatives included the optimization of its portfolio through acquisitions and divestments, as well as advancements in its investment programs aimed at modernizing its infrastructure.
Key financial metrics showed a mixed performance. While recurring EBITDA saw an increase, the overall EBITDA declined by 11% year-over-year. Net profit also decreased significantly by 68.5% compared to the previous year. The company’s leverage ratio stood at 2.8x, excluding the effects of recent acquisitions, indicating a stable financial position despite the increased debt levels. Copel’s operating revenue grew by 18.7%, driven by higher electricity supply revenue and increased construction activities.
Copel’s investment program for the quarter amounted to R$ 981.4 million, with significant allocations towards improving its distribution grid and enhancing its transmission lines. The company continued to focus on renewable energy sources, with a significant portion of its generation capacity derived from hydro and wind power.
Looking ahead, Copel remains committed to its strategic goals of enhancing operational efficiency and expanding its energy portfolio. The company aims to continue its investment in infrastructure modernization and renewable energy projects, positioning itself for sustainable growth in the evolving energy market.

