Centrais Eletricas Brasileiras S.A. – Eletrobras ( (EBR) ) has released its Q3 earnings. Here is a breakdown of the information Centrais Eletricas Brasileiras S.A. – Eletrobras presented to its investors.
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Centrais Eletricas Brasileiras S.A. – Eletrobras, also known as AXIA Energia, is a significant player in Brazil’s energy sector, primarily engaged in electricity generation and transmission, with a focus on renewable energy sources.
In its latest earnings report for the third quarter of 2025, AXIA Energia highlighted a series of strategic moves and financial outcomes. The company distributed R$ 4.3 billion in dividends, culminating in R$ 8.3 billion for the fiscal year. Noteworthy developments included the sale of Eletronuclear, divestment from EMAE, and acquisition of Tijoá Energia, aligning with its risk reduction and capital allocation strategies.
Key financial metrics revealed a 4.6% year-over-year decline in adjusted regulatory net revenue to R$ 9,969 million, despite increased transmission revenues. The adjusted regulatory EBITDA excluding Amazonas thermal plants rose by 3.4% to R$ 6,419 million, driven by operational efficiency and reduced expenses. However, adjusted IFRS net income fell by 68% to R$ 2,176 million, influenced by regulatory remeasurements.
The company made significant investments totaling R$ 2,701 million in the quarter, with a notable increase in transmission projects and a commitment to a 100% renewable portfolio following the sale of its last thermal power asset. AXIA Energia’s net debt rose to R$ 42,577 million, reflecting dividend payments and strategic financial maneuvers.
Looking ahead, AXIA Energia remains focused on enhancing shareholder value through disciplined capital allocation and operational efficiency, while continuing to expand its renewable energy portfolio and transmission capabilities.

