Axia Energia Sa · BMFBOVESPA:AXIA3
Axia Energia Sa — Brazilian Electric Power — Corporate Update (February 2026)
12 slides from Axia Energia Sa's corporate update, Feb 19, 2026
Slide 1: Novo Mercado
Novo Mercado ENERGIA Februan ry 2026
Slide 2: sz tee ele ory cy et ae pcos
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Slide 3: AXIA Energia
i AXIA ENERGIA
Slide 4: The Novo Mercado is the highest level of corporate governance for companies listed on B3
The Novo Mercado is the highest level of corporate governance for companies listed on B3 “32« For shareholders, the listing ensures balanced voting rights, strict transparency rules, and incentives for professional management For companies, it provides investor attraction, improved ESG ratings, grea
Slide 5: Benefits of Novo Mercado
Benefits of Novo Mercado mig wz ayeo€¢t Enhanced share liquidity for AXIA Energia Governance — listing in the highest corporate governance segment Political rights — full voting rights - one share, one vote Alignment of economic rights — equal dividends for all shareholders Optimized capital allocat
Slide 6: Characteristics of AXIA Energia's shares
AXIA ENERGIA Characteristics of AXIA Energia’s shares Current Shareholding Structure (~~ Liauiaity — most liquid shares- the common share (ON) represents 4 2% and the Class C preferred share (PNC) 1.2% of the Ibovespa index ON + Full voting rights - on all matters S——_ * Election of 6 Board of Direc
Slide 7: Assumptions for the PN/ON exchange ratio
sumptions for the PN/ON exchange ratio ofa Balance the economic and political interests of shareholders eo -o., Acknowledge the distinct economic treatment of PNA1/PNB1 (dividends) Fa] Methodology used: discounted dividend flow - Dividend Discount Model (DDM)
Slide 8: Proposed structure for the conversion to the Novo Mercado segment
AXIA ENERGIA Proposed structure for the conversion to the Novo Mercado segment nh on The proposal acknowledges the current distinct economic —— tment of preferred shareholders, wh i treatment of preferred shareholders, who receive a PNG dividend premium at least 10% higher than that paid to the comm
Slide 9: The migration proposal follows a track record of consistent delivery since 2022
The migration proposal follows a track record of consistent delivery since 2022 AXIA ENERGIA v Improvement in the liability management — Compulsory Loan v Resumption of investments starting in 2023 — Coxilha Negra and TNE v Cost Restructuring v Resolution of Amazonas Energia’s default issue v Simpli
Slide 10: Why migrate now?
AXIA ENERGIA Why migrate now ? Advances in AXIA Energia’s governance and management, combined with the current environment of the power sector and the capital markets, provide the Company with an opportunity to migrate to the Novo Mercado segment, in line with its trajectory of institutional evoluti
Slide 11: Scenarios
Scenatios Migration to the Novo Mercado- Alternative post-migration scenarios (Conversion or Maintenance of PNA1) Actual shareholder structure PNC Scenario A Post-conversion shareholding structure for PNA1 and PNB, subject to the approvals at each shareholders meetings (EGM and special meetings for
Slide 12: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 18, 2026 CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS By: / S / Eduardo Haiama Eduard
Brazilian Electric Power — Corporate Update (February 2026) on 6ix