Cemig's Q1 2025 earnings call presented a mixed outlook. The company achieved strong operational and financial highlights, such as a robust EBITDA, successful debenture issuance, and significant investments, indicating resilience and strategic growth. However, challenges in the trading company and the impact of submarket price differences contributed to a decline in EBITDA and net profit. Despite these challenges, the overall sentiment leans towards resilience and strategic focus on growth and efficiency.

Company Guidance -

Q2 2025

During Cemig's first quarter 2025 earnings call, the company reported a strong EBITDA of BRL1.8 billion and a net profit of BRL1 billion, despite some challenges in their trading company. The company emphasized a significant investment program, with CapEx growing from BRL950 million in 2018 to BRL5.7 billion in 2024, and a forecasted BRL6.3 billion in 2025, marking an 18% increase from the previous year. Over 75% of these investments are dedicated to infrastructure and network development, crucial for energy transition. Cemig maintains a focus on efficiency and compliance with regulatory standards, ensuring cash generation to support investments. The company highlighted the issuance of BRL5 billion in debentures, maintaining a AAA credit rating by Fitch. Cemig's strategic objectives include regionalization to enhance client proximity and operational efficiency, supported by IT innovations like a new ADMS and SAP S4/HANA system. Despite a 9% drop in EBITDA due to submarket price differences, Cemig remains committed to its investment and dividend distribution plans, aiming to maintain its leverage within comfortable levels.

Strong EBITDA Performance

Cemig reported a significant EBITDA of BRL1.8 billion for Q1 2025, demonstrating sound results across all segments except for the trading company.

Record Investment Program

The company is executing the largest investment program in its history, with investments growing 6x since 2018, reaching BRL6.3 billion in 2025, an 18% increase from 2024.

Successful Debenture Issuance

Cemig successfully issued BRL5 billion in debentures, with a demand over 2.5 times the booking, extending the average debt tenure to 5.5 years.

AAA Credit Rating

Maintained AAA credit rating from Fitch Ratings, highlighting the company's strong financial position.

Significant Dividends Payment

Cemig is paying BRL541 million in dividends, showing a commitment to return value to shareholders.

Operational Efficiency Achievements

Achieved cost efficiencies through the migration of over 1,000 employees to a new healthcare plan, resulting in a BRL28 million reversal of provisions.

Companhia Energetica Minas Gerais (CIG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CIG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 14, 2025	2025 (Q2)	0.05 / -	0.103	―	―	―
May 07, 2025	2025 (Q1)	0.05 / 0.06	0.074	-13.51% (>-0.01)	―	―
Mar 20, 2025	2024 (Q4)	0.06 / 0.08	0.129	-35.66% (-0.05)
Nov 13, 2024	2024 (Q3)	0.13 / 0.19	0.079	143.04% (+0.11)	―	―
Aug 13, 2024	2024 (Q2)	0.10 / 0.10	0.084	22.62% (+0.02)	―	―
May 10, 2024	2024 (Q1)	0.07 / 0.07	0.101	-26.73% (-0.03)	―	―
Mar 21, 2024	2023 (Q4)	0.07 / 0.13	0.094	37.23% (+0.04)	―	―
Nov 09, 2023	2023 (Q3)	0.07 / 0.08	0.065	21.54% (+0.01)	―	―
Aug 03, 2023	2023 (Q2)	>-0.01 / 0.08	0.003	2700.00% (+0.08)	―	―
May 04, 2023	2023 (Q1)	0.08 / 0.10	0.092	9.78% (<+0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CIG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2025	$1.73	$1.79	+3.47%
Mar 20, 2025	$1.81	$1.69	-6.63%
Nov 13, 2024	$1.77	$1.87	+5.65%
Aug 13, 2024	$1.73	$1.85	+6.94%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Companhia Energetica Minas Gerais (CIG) report earnings?

Companhia Energetica Minas Gerais (CIG) is schdueled to report earning on Aug 14, 2025, TBA (Confirmed).

What is Companhia Energetica Minas Gerais (CIG) earnings time?

Companhia Energetica Minas Gerais (CIG) earnings time is at Aug 14, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CIG EPS forecast?

CIG EPS forecast for the fiscal quarter 2025 (Q2) is 0.05.

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