Companhia Paranaense De Energia · BMFBOVESPA:CPLE3
Companhia Paranaense De Energia — Energy Co of Parana — Q4 2025 Earnings Presentation
57 slides from Companhia Paranaense De Energia's earnings presentation, Feb 27, 2026
Slide 1: 4Q25 Results
RESULTS 4Q
Slide 2: 4Q25 Highlights and Financial Indicators
y4 3% cope Investor Relat ns 4025 4Q25| Recurring Ebitda of R$ 1.4 in 2025 (+10.2% vs. 2024). Recurring Net Income of R$ 682.6 Leverage of 2.7x net debt/Ebitda. Net operating cash flow of R$ 519.2 million in 4Q25 and R$ 3.0 billion in 2025. jon in 4025 (+16.1% vs. 4024) and RSS.5 bi ion in 4Q25 and
Slide 3: Contents
| investor Relations 1. Consolidated Results 1.1 Ebitda 1.2 Operating Revenue 1.3 Operating costs and expenses 1.4 Equity Income Result 15 Financial Results, 1.6 Consolidated Net Profit 1.7 Debt and Leverage 2. Investment... 3.1 Economic and Financial Performance 3.1.1 IFRS effect on the Transmissio
Slide 4: Message from the CEO
A 3% COPEL Investor Relations 4025 Message from the CEO We closed 2025 with a historic milestone for Copel: our migration to the Novo Mercado, the highest corporate governance standard in the Brazilian capital market. This achievement represents far more than a change in listing segment—it reinforce
Slide 5: Sustainability and culture
Investor Relations 4Q25 ‘The Company structures its processes and initiatives to foster a culture of sustainability and the creation of shared value. Our objective is to embed ESG considerations throughout the organization, reinforcing our commitment to sustainable development and long-term resilien
Slide 6: 1. Consolidated Results
1. Consolidated Results A FE COPEL — | tnvestornelations 4025 ‘The consolidated results are composed of the consolidated operations of Copel (Holding), Copel Geracio e Transmisséo (GenCo), Copel DistribuicZo (DisCo), Copel Comercializacdo (TradeCo), and other equity interests. The following analyses
Slide 7: 1.2 Operating Revenue
Investor Relations 4Q25 .y4 #E One 1.2 Operating Revenue Recurring Net Operating Revenue, including IFRS effects in the energy transmission segment and excluding ‘VNR, MTM, and non-recurring events, totaled RS 6,874.1 million in 4025, an increase of 16.9% compared to RS 5,881.4 million recorded in 4
Slide 8: Operating costs and expenses
y4 3% cope Investor Relations 4Q25 ‘The result of PMSO was partially offset by @ 20.2% reduction (-R$ 35.0 million) in other costs and expenses, ‘mainly due to net losses on the decommissioning of assets in 4024 in the amount of RS 69.4 million, compared to R$ 33.9 million in the current quarter. ‘T
Slide 9: 1.6 Consolidated Net Profit
Investor Relations 4Q25 .y4 sets in 1.6 Consolidated Net Profit Copel recorded reported net income of R$ 1,066.6 million in 4025, compared to R$ 575.2 million in 4024, an increase of 85.4%, mainly due to the improved operating performance highlighted above and the decrease in taxes (-R$ 85.0 million
Slide 10: Debt Composition and Indexation
Investor Relations 4Q25 Y 4 3% copet Dons Easigiane Debt Composition and indexation BBSiAandothers gypes __BancodoNordeste 40% eps 55% i ‘Amortization - R§ million ‘Average term: 4.9 years (vs. 4,2 years in 2024) Cash 2026«= 2027, 2028» 2029S 208020312031 ‘some corns coPaicou Be ‘omens ‘ours
Slide 11: 2. Investments
Investor Relations 4Q25 y4 3% cope 2. Investments In Q4 2025, the amount realized from the investment program was R$ 767.6 million, of which 82.5% was by Copel Dis and 16.5% by GenCo, TradeCo, and Copel (Holding) In 2025, R$ 3,592.5 million was invested, with 82.4% invested in DisCo, with 90.7% allo
Slide 12: 3. Copel Geração e Transmissão (GenCo)
Investor Relations 4Q25 y4 3% cope 3. Copel Geracao e Transmissdo (GenCo) (Consolidated Result) 3.1 Economic and Financial Performance Geno reported recurring Ebitda* of R$ 651.2 million, an increase of 24.3% or RS 127.8 million over the RS 526.4 million recorded in 4024. This result mainly reflects
Slide 13: GenCo costs and main indicators
Investor Relations 4Q25 .y4 5 One In the year to date, personnel costs excluding the effects of variable remuneration fell by 17.996, mainly 5 mlion reflecting the 2024 and 2025 Voluntary Dismissal Programs. 5 lion Main indicators 25 sz as moa = : ‘i [Net Operating Revenue (AS milion) 387 1702193 so
Slide 14: 3.2 Operational Performance
PE COPEL — | mvestornetations acns 3.2 Operational Performance Present in 10 Brazilian states, GenCo operates a diversified portfolio of hydroelectric and wind power plants, totaling 6,226.1 MW of installed capacity and 2,696.4 MW of average physical guarantee. In the ‘Transmission segment, Copel ha
Slide 15: GSF, PLD and Transmission
Investor Relations 4Q25 GSF and PLD SF - Generation Scaling Factor e2s% enon czay 957% Average Monthly PLD (Southern Submarket) - R$/MWh 48076 2705.00 Was 2610 20298 ei 63 oto 6s07 61076640 e420 soz 3.2.3 Transmission Copel has more than 9,600 km of transmission lines in eight Brazilian states, incl
Slide 16: 4. Copel Distribuição (DisCo)
y4 3% cope Investor Relations 4Q25 4. Copel Distribui¢gdo (DisCo) 4,1 Economic and Financial Performance DisCo reported recurring Ebitda of R$ 7284 milion in 4025, an increase of 18% (RS 132 million) compared to 4024. This performance was mainly driven by the Annual Tariff Adjustment (RTA) in June 2
Slide 17: DisCo personnel costs and net income
A FE COPEL — | tnvestornelations 4025 2025). Excluding the effects of accumulated inflation measured by the INPC, which was 3.9% between January and December 2025, there was an 11.5% reduction in Personnel In the year to date, personnel costs excluding the effects of variable remuneration fell by 17
Slide 18: DisCo quality and losses
FE COPEL — | tnvestornelations 4025 ec rec (Measured in hour and centesimal of hour) (Measured in numberof interruptions and fraction) Losses - Losses in the distribution segment can be defined as the difference between the electricity purchased by distributors and that billed to their consumers and
Slide 19: 5. Copel Comercialização (TradeCo)
A FE COPEL — | tnvestornelations 4025 5. Copel Comercializagao (TradeCo) 5.1 Economic and Financial Performance ‘TradeCo reported recurring Ebitda of R$ 3.5 milion in 4025, an increase of RS 18.8 million compared to the negative value of RS 15.3 million in 4Q24, mainly reflecting the 69.7% increase
Slide 20: 5.2 Commercial Performance
5.2 Commercial Performance In 2025, the volume of energy sold grew 22.6% compared to 2024, mainly due to the effect of increased sales to traders in bilateral contracts (+39.7%). The following chart shows the evolution of Copel COM in ‘terms of GWh sold, demonstrating growth of 18.8% over the last f
Slide 21: 6. ESG performance
A FE COPEL — | mestorrciaions acas 6. ESG performance 6.1 ESG in Copel’s Strategy Copel incorporates ESG (Environmental, Social, and Governance) principles into its corporate strategy, basing its actions on material issues identified through consultation with stakeholders and on the ‘Buidelines esta
Slide 22: 6.3 Indicators
A FE COPEL — | tnvestornelations 4025 6.3 Indicators Regarding the scope 1 GHG indicator (tC02), the data refer to direct greenhouse gas emissions from Cope''s operations (fleet, land use change, and fugitive emissions), calculated every six months. The 2025 data will be audited later by a third par
Slide 23: 7. Other highlights from the period
y4 3% cope 7. Other highlights from the period Investor Relations 4Q25 Copel Day 2025 ‘The Company held its Investor Day in Rio de Janeiro, RJ, on November 19, with the in-person participation of more than 130 analysts, investors, and stakeholders, and more than 364 viewers who watched the live broa
Slide 24: List of Exhibits
RESULTS *2 COPEL 4Q25___LISTOFEXHIBITS ** EXHIBI EXHIBITS Il EXHIBITS IV CONSOLIDATED RESULT BY OFS Oe RESULTS SUBSIDIARY ENERGY MARKET DATA INCOME ICOPEL GET INCOME DIS AND TOTAL INDICATORS STATEMENTS STATEMENT MARKET SUMMARY COPEL DISINCOME BALANCE SHEET eae ENERGY FLOW GENERATION CASHFLOW eae ENE
Slide 25: Exhibit I - Consolidated Income Statement
Investor Relations ry ze COPEL 4q25 JT EXHIBITS 1 EXHIBIT I - CONSOLIDATED RESULTS > INCOME STATEMENT 500 Income Statement 4025 04 1% 2025 2024 a “OPERATING REVENUES a8 438 Soigase wa Ed Bases 3 ‘ect sles toi castomers 4.978876 199,722 oo) 7964229 454900 6a) ‘Beary sales to distributors 329008 9,135
Slide 26: Consolidated Balance Sheet
.y 4 BECOPEL. { sisaarnenione ss yous 5000 5 000 esate Dac 25 Dee 24 5% Liable Dec25 Dec 24 6 ‘consent iat) ‘conse hanson 7 Cashand aah equivalents 3a cc Payroll carpe and acral Sar ise Bond and ecrties mo = oF Sipps ase FETE) Ev Colstrar and exrow accounts = 7 = Tncome ax and scl contribution payab
Slide 27: Consolidated Cash Flow
by 4 £2 COPEL | investor Relations 4Q25 HI EXHIBITS 1 FLOW 00 THT Tas ah em TS aT SS PR asmaie ese fo pat dr ap aE ‘oa tase tote ea eps parecer ben pe wn Sepa ed ean nd og TERE aa ss ‘lone aur et ni Be cece “tat topeaton sero ica ei ag om ei on om Tagger Ma os ered es aoa saan Tara ere an op a) e Te
Slide 28: Adjusted Ebitda and Financial Result
= BECOPEL. | sssessrnounses a0ts si EXHIBIT! LIDATED RE! DIUSTED EBITDA AND FINAK 000 RECURRINGEBITDA 4025 a24 2% 2025 2025 a Troe 99 Tsar io aoe Ero 70s (7A Far van the purchase and sale of eneay oa 308 36 “186 366 = (Provision reversal incentive Dmissal Program os = = 25 183 5 (Assets disposal swa
Slide 29: Equity in Earnings of Subsidiaries
Investor Relations 02s JH] exeeTs | ry 28 sae Garaaba Tesora de te (FS. 2 008 0) sass san 2 FerarabaTrsmisa de erga SA sou ean (ass) 2025 aan 1 ate Sata Genesis SA = are (a0) ov sn 23) Camas Tarsisor deep SA 700 aaa. taza) 36t5 ean (oa) soir Par 7 a ta 0 2 3 sts ‘as 3750 7 Zaaoo Bras 233 ona onda ne
Slide 30: Share Capital
COPEL Investor Relations aqas M1 exes at “Treasury shares 04% = 2, 04% Tora 2382.810.590, ior 7 2962.810.591 700% TOTAL Treasury shares 04% other 0.2% state of Parand 15.9% Free Floating 615% BNDESPAR 22.0%
Slide 31: Exhibit II - Result by Subsidiary
Investor Relations 02s T/L extIBITS IL ‘OPERATING REVENUES 403,708 Perey 383 5008536 omer) 27 lect sales to dstributors 1023,525 45,108 za 3702378 33736 97 Use ofthe main tranzmssion gid 307,095 2.505 7 1,019,027 ‘90.677 99 conetructin vende 109.955 85 3 775,25 asi = ther operating revenues 3020 790
Slide 32: Exhibit II - Result by Subsidiary
Investor Relations 02s T/L extIBITS IL EXHIBIT II- RESULT BY. 500 Income Statement 4025 a4 % 2025 2024 % ‘SPERATING REVENUES 52609 aaa iss we202210 ps0 ase Bs ect sales to final customers 43597391 471838 as 6357195, 6s4157 30 lect sales to distributors san.02s anes 23 08765 4903 a4 Use ofthe main st
Slide 33: Exhibit II - Result by Subsidiary (Copel DIS)
= 34 core: Investor Relations 4a25 T/L extIBITS IL EXHIBIT II- RESULT BY. s'000 ‘OPERATING REVENUE 025 a4 a 2025 2024 a lecricy sales to inal customers aera 2351103 soa 73894300 79m 4010 Ec Residential 994128 soni 45 Sees7ino 3782720 29 nutri sug 175,120 “58 5252080 7 335 ‘commercial sence and athe
Slide 34: Exhibit II - Result by Subsidiary (Free Market)
= BECOPEL. | sssessrnounses a0ts nessa EXHIBIT II- RESULT BY. 1M (MERCADO LIVRE) 5000 Income Statement 4025 a4 2% 2025 2024 am “OPERATING REVENUES 78286 ‘7a,005 ms “$02 3270 3384650 Ba ect sales to final customers 394779 a3 87 yeo47240 39023570 456 lect sales to distributors moses 295,555, ous 27783
Slide 35: Income Statement for the Quarter by Company
SZ CORE. | srctacninncan — area EXHIBIT Il- RESULT BY SUBSIDIARY > INCOME STATEMENT FOR THE QUARTER BY COMPANY $000 income Statement as = ce, tee: ae nn ee Gerasio_Teanenio aa er araucaria éleos Assets a) fo Tore REE saan masa Ec 3a ae naa aa 2 as me =a ema ‘creo ata = ee = = = = 7 = = = S es) = im
Slide 36: JIT EXHIBITS IL
JIT EXHIBITS IL Ea) os = - - um me 1a = st Sea seen = eo 70 sa mee sous = asm sr sass = aa aa ams a sa a0 as ro 455 au este ss a0 I a = =a = zs = ata ape set mae ae ser = one sams saat aon 4 at - 1386 1510 5.21 72854 4506 crane ORGIES Sere are oer ‘oor os ‘orecom o- a | > |
Slide 37: Annex II - Result by Subsidiary, Accumulated
ANEXO II - RESULTADO POR SUBSIDI Investor Relations 4a25 A> DRE POR EMPRESA ACUMULADO 000 Income Stone 025 —_ ‘Dowie Compoess or —‘USGArncoSevion—WidFarms FDA ——BeVina Salam arm COTE ater maton Comoliaed a Tomiie — oS ‘NET OPERATING CONE 2253075 1907358 19302710 =e <Baswssseasos Sayan amo 387054237
Slide 38: Result by Subsidiary, Accumulated
SCOPEL. | sivesacnaanins nes ieeeeise ‘er opens COME 20m ipseai0 Taos —sa9 wale ——~—~—SCSCa—mone = = a asa = Sia Bs Elect sales ffl stoners = a = = = = = = = = tamer: = ais aie Elecrciy slestodetntos 2080500 ee = eaiee7 stops sass = = = sss5003 = Bimnse7 320828 ts of te man drton ad sronmason gi (us
Slide 39: Exhibit II - Balance Sheet by Company
Investor Relations 4a25 JIT EXHIBITS IL EXHIBIT II- RESULT BY. ‘OMPANY 5000 ‘eunnener 2uaae7 Samosa 115,667 i030 aat3272 2254s 77% seam aar s0ge253852,788-4908,773 40,881,658 ‘cashand cash equivalents 79850 409,108 a7 05.281 $062,228 435558 message 20 38 192,790 38537 = 3as0365 ‘Bonds and securities
Slide 40: PECOPEL. | siesiocnannais — area
PECOPEL. | siesiocnannais — area = sti wis tis ts tis is tase sss sass —sstsa —sos us —————— —————————————————— —— ————————————— —— —————— = 1 — ee —————— —————————————— = free _segp_epmt_mt_uggg_ugg____sgu_y_“miy_som_ sn = = —— = Se =e oe ——— SN ——— ee = ————— = Fe — me a Rg gg gg sp het a = = —« =
Slide 41: Exhibit II - Result by Subsidiary
EXHIBIT II- RESULT BY. Investor Relations JBSIDIARY 02s Sx hae ar Sore lowe ate are ue Tio on Sone lowes asaya ona ein iron ates tg erie ttn an lepers riage § ite nonntting T/L extIBITS IL
Slide 42: Exhibit II - Result by Subsidiary
FE COPEL. | sivciocniamme wit a EXHIBIT Il- RESULT BY SUBSIDIARY S000 = Foxes her Coase tie Decomber 208 YSCESE, ide hse Pats FDA Vrn “Mines” “Wt” Comics Wie GERI Cade caer sa7ms sais a = = aCe err sont = = = - 7 = = 0 as = aa ‘rete waar ims 387 or seu ase a = sa Bae ae orci imma am = I = = = am = =
Slide 43: Exhibit III - Energy Market: Distribution and Total Market
tor Relation . ye 4 FE core | 11] EXE ITs mt EXHIBIT IIl ENERGY MARKET> DISTRIBUTION AND TOTAL MARKET ere ‘Number of Customers / Agreements Energy Sold (GWh) Sas dau ry a5 4024 ry 2025-2008 ae Copel Ds Sarasa __sasasee 7 a3 5800 72 = ‘apie Maret 3279055504322 7 Sais sa Tao 20086885 37 ‘Concestonarie
Slide 44: Exhibit III - Supply and Purchase Tariffs
al Py x COPE Investor Relations EXHIBIT I 4025 ‘Supply Tariff (RS/MIW) vatiity* (Copel GeragioeTransmissio “Auction CCEAR 2011 - 2040 HPP Maul) 1072020 31.2200 Auction = CCEAR 2024-2053 (SHP Bela Vita) orotze2s 12312053 Copel strug ‘Concession holders inthe State of arand 2 3874 Total Tari weighted
Slide 45: Exhibit III - Electricity Purchased and Charges
a FE COPEL | sorts = uecamo a Enorgie EXHIBIT IIl-ENERGY MARKET: 5'000 Electricity Purchased for Resale 4025 cae 1% 2025 2024 s% ‘Purchase of energy in the regulated party -COEAR "3900,302 9a 30 a0 "308,787 0a ‘aipusinaconal 224307 243,519 30 963,300 550,309 44 (Camara de Comercaizaio de Energia CCE
Slide 46: Exhibit III - Energy Balance
al 3 & COPEL overtone soos iy osv0ws EXHIBIT IIl-ENERGY MARKE (average a) Energy Balance Copel GET -Dec-25 2026 2027 2028 2029 2000 2001 ‘Gum Resources Get 3880 3301 ia20 co ism fo cere aa. azo apo. apo aa aaa ‘eps (cece) a a a a a a ela Vita FA 25 337 336 set sa set ‘ov Resources SPP and Wind Farm"
Slide 47: Energy contract balance
| tnvestrReltions 00s Energy contract balance GET * JH] Ext ITS I 2028 2027 2028 2029 2030 2031 Mi Regulated Market [| Froe Market | Availabilty Average prices of energy Sold (Prix) 706 a7 22 2029 2050 20 $208.70 $208.27 $5. B58 335051 $87.61 “Includes hydroelectric plants, CGF (GPS Plant), SPE FDA
Slide 48: Exhibit III - Wind Power Prices
z $¥ COPEL sesame _ wevene EXHIBIT Il - ENERGY MARKET> WIND POWER PRI — Wind armel ‘ucton" Price RS)" Carication MW average) Start Supply Endot Supply vr onan mags a OSA, ceca ies. aie =o eras zie Pa) 210 (GE Olho D’Agua s.8. (26/08/2010) 317.78 50, aso OHS eee cesiotenodonoresé Po 400 opel na Poe S
Slide 49: Exhibit III - Energy Flow
Investor Relations 4025 J// exeieTs EXHIBIT IIl- ENERGY MARKET> ENERGY FLOW own ComeLDS COPELGET+ FDAT BELA VESTA CONSOLIDATED Energy Flow 7a am a5 =a] a5 7] "Own Generation T = - 5,658 3633 6542 5868 Purdaced ney I ‘000 ‘=o ea asst ros cpl Comercio | = st 100| = = companies ofthe up I = =| = = "ips
Slide 50: Energy flow notes
Investor Relations 4025 J// exeieTs "Otter: Energy prchasd by Copel Comerszaia Ince MES EM Sasinment of Cape! nia purcace "ene spt cncesionsie a ena wth thr on mae low SOOGI ea Spy of nergy to CEES agent tr, through Rel Ble Contac Aeement-CAR. asim: MCSD Contract hme: ter Stor rough the New Energy S
Slide 51: Energy Flow Consolidated 4Q25 and 2025
Investor Relations 4025 J// exeieTs EXHIBIT II - ENERGY MARKET> ENERGY FLOW ENERGY FLOW CONSOLIDATED 4Q25 ENERGY FLOW CONSOLIDATED 2025 oo oo ‘GwnGeneration _f ‘Captive Market ‘OwnGeneration Captive Market ssa 30.0% 5016 200% 22450 350% 20065 0% Ly Concessionaires Concessionaires™ A = 3500 ax% Elect
Slide 52: Exhibit IV - Management and Generation Data
FE COPEL | sort ‘nie sUteieionst MANAGEMENT Copel Statist 2020 2021 2022 2023 2024 2028 GeragoeTanissdo 758 ey 1487 tar 091 064 Distibuigdo 4.641 4,430 4257 4203, 3,199 3,110 Teecomunicaies 355 = = = — - Holding 6 169 a 83 60 st Comeriizario a 4 a7 a 39 at servos = = 217 = = = TOTAL 6.067 3166 6.092
Slide 53: Generation plants
FE COPEL | mesrnnio sos nyexeorsiw (wn (Averagennw) (GW Expires Hp SSE Poe aE ErerK} 19903 384570 Lge hydoslectc powerplant (PF) ‘47970 19655 153032, "Go et uNRGT Es Roch Ne [ETS ASS FORT T5760 378 3957 ESTE ‘Gow Ney Anta de aga (egredo) 32500 S528 Su02 prere=rs ‘Gow ls Richa (sto cas) 42000 3533 S7
Slide 54: Exhibit IV - Generation and Transmission
EXHIBIT I 4025 U/L exeiBrTS WV Itadapciy Aer Pome oan mre — ey: sore an pemrgebnay andcmty AmuredPowmr Ease Tiers ma as aa aa sti ower ses = en a ieee Pecentan! 1202 660 a2 452 05.15.2080 loa taal -208 Todas pacsnot bs 1202 et ean 85 06.15.2080 tena Panes — nee vero cain tate me as a Pa Siac pow ton
Slide 55: Transmission contracts
Investor Relations 4025 JIL exeiBrTS 1 7 sng Mthtment Siig /SPC Contract Eerie ue AER 0S tere Cnemson Serion suntan ova "ME mitra) en cope cet jak sev =m 2a = pmo ome a onan copetcet r/n00k essai m 7 = = sas onsram copetcer n/n08 tis lain 2 : = a ax ouarame copatcet roo r0r-cacl one ™ a = = esas mas
Slide 56: Exhibit IV - Distribution Operating Data
4025 U// exeIBITS 1V ‘Number ofConsumers _Locationsserved ities served Voltage | Number of Substations Mya Kmoftines 13BKV = —Hsa10 34.5 KV 244 4,962 94,279 5,286,279 1068, 395 6OKV 36 2,656 785 aa kV os = 138 kV 138 8.950 7,628 we TST ‘Consumer to-employes| — 2020 zo 2022 202 2024 2025 ontive Consu
Slide 57: Signature and Forward-Looking Statements
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 26, 2026 COMPANHIA PARANAENSE DE ENERGIA – COPEL By: / S / Daniel Pimentel Slaviero Daniel