Companhia Paranaense De Energia · BMFBOVESPA:CPLE3
Companhia Paranaense De Energia — Energy Co of Parana — Q3 2025 Earnings Presentation
30 slides from Companhia Paranaense De Energia's earnings presentation, Dec 3, 2025
Slide 1: Results 3Q25
Slide 2: 3Q25 Highlights and Financial Indicators
Investor Relat y4 3% cope + Recurring Ebitda of R$ 1.3 billion in 3025 (+7,8% vs. 3724) and R$ 4.2 bi the year to date (+8.4% vs. 9M24). + Recurring net income: of R$ 374.8 million in 3Q25 and R$ 1.4 billion in 9M25. + Leverage ex-effects of the acqi Ebitda. n of HPP Baixo Iguacu of 2.8x Net Debt/ *
Slide 3: Slide 3
Slide 4: Ebitda by business
[1] *Includes Ebitda from discontinued operations, Copel (Holding), Copel Serviços, Elejor and eliminations and reclassifications between group companies. 1 Copel Serviços, Elejor and other stakes in generation assets. 2 Excluding non-recurring items , mark-to-market - MTM at TradeCo, new replacemen
Slide 5: Operating costs and expenses
1.3 Operating costs and expenses In 3Q25, recurring operating costs and expenses totaled R$ 5,849.6 million, an increase of 20.2% compared to R$ 4,867.9 million recorded in 3Q24. The cost of electricity purchased for resale represents 52.7% of total costs incurred in the quarter, followed by constru
Slide 6: Main variations in the period
The main variations in the period are: (i) an increase of R$ 737.6 million (+27.3%) in electricity purchased for resale mainly due to: i. the increase of R$ 434.7 million in the purchase of energy from DisCo, with emphasis on the higher volume from the distributed generation system (+R$ 219.1 millio
Slide 7: Equity Income and Financial Results
1.4 Equity Income Result The equity income from jointly controlled companies and other affiliates of Copel in 3Q25 decreased by 40.9% compared to the same period last year (R$ 37.3 million, compared to R$ 63.2 million in 3Q24). The decrease is mainly due to the consolidation of 100% of Mata de Santa
Slide 8: Recurring net income
Excluding non-recurring effects and non-cash items (VNR, MTM, IFRS in broadcasters and net income from discontinued operations), recurring net income decreased 36.5% compared to 3Q24, totaling R$ 374.8 million. This was substantially influenced by (i) a R$ 220.1 million reduction in financial income
Slide 9: Debt and Leverage
1.7 Debt and Leverage Copel's total consolidated debt as of september 30, 2025, was R$ 21,091.7 million, an increase of 18.8% in relation to the amount of R$17,753.8 million recorded on December 31, 2024. The following table and graphs show the indebtedness of Copel and its subsidiaries in 1Q25: Deb
Slide 10: Cost of debt and debt composition
*does not consider equity in earning, considers discontinued operations and excludes impairment effects, Voluntary Dismissal Program, MTM, GSF renegotiation, and gains on the disposal of assets / assets swap The average cost of debt at nominal rates on September 30, 2025, is 13.22% (11.96% on Decemb
Slide 11: Debt by creditor
Bonds Banco do Nordeste BNDES 5.9% BBS/A 46.6% 38% and other Pea, 83.4%
Slide 12: GenCo main indicators
237.00 257.40 (7.90) 888.90 942.20 (7.70) 54.50 3Q25 3Q24 Δ% 9M25 9M24 Δ% 321.3 206.9 55.2 797.8 715.1 11.6 318.8 204.3 56.0 789.1 708.2 11.4 54.5 19.0 186.8 165.7 48.9 238.9 (52.1) (16.4) 217.8 (156.9) (41.9) 274.2 366.6 244.6 49.9 919.7 772.7 19.0 45.4 37.7 20.4 121.9 57.6 111.6 11.3 (24.5) — (7
Slide 13: Map of Copel assets in Brazil
Slide 14: Generation and energy sold
GenCo's hydro generation was 34.2% lower in 3Q25 (4,406 GWh against 6,700 GWh in 3Q24), due to a less favorable hydrological scenario and divestment in small hydroelectric plants and the HPP Colíder. At the wind farms, generation was 15.3% lower in 3Q25 (922 GWh compared to 1,089 GWh in 3Q24), despi
Slide 15: Energy sold chart
4,734 4,857 1,113 fam 1,195, 3024 © 3025 1824 1825 GenCo+FDA+Bela Vista [J Wind Farms
Slide 16: GSF - Generation Scaling Factor
GSF - Generation Sealing Factor 4% ne% Beam
Slide 17: Transmission
Source: CCEE 3.2.3 Transmission Copel has more than 9,600 km of transmission lines in eight Brazilian states, including its own assets and those in partnership with other companies. In addition to building, maintaining and operating its own extensive energy transmission network, Copel provides servi
Slide 18: RBSE revenue flow
Note: Economic component: future values based on the 2025-2026 cycle (according to REH 3,481/2025) Financial component: values published in REH 3.467/2025. . RAP values up to the 2027-2028 cycle projected based on the values in REH 3,467/2025. [6] This refers to concession contract 060/2001, which r
Slide 19: DisCo main indicators
840.0 509.6 64.8 2,317.7 1,653.8 40.1 Below are DisCo's main indicators: R$ million Main Indicators 3Q25 3Q24 ∆% 9M25 9M24 ∆% Net Operating Revenue (R$ million) 5,125.2 4,352.4 17.8 13,986.1 12,556.1 11.4 Operating Costs and Expenses (R$ million) (4,616.8) (3,893.8) 18.6 (12,532.4) (11,163.7) 12.3 O
Slide 20: Energy market and distribution losses
GWh - 12 Months Sep-21 Sep-22 Sep-23 Sep-24 Sep-25 34,374 35,216 35,781 39,056 39,610 2,651 2,651 2,743 3,090 2,895 1,989 2,038 2,070 2,260 2,292 662 614 673 830 603 Losses - Distribution losses can be defined as the difference between the electricity acquired by distributors and that billed to thei
Slide 21: Losses
Losses sepza sepa Tota Loses/Power Grid
Slide 22: Commercial strategy energy sales
Following the company's commercial strategy guidelines, sales in 3Q25 for the five-year horizon increased by 96.2% compared to the previous quarter, a period in which there was a jump from 219.9 to 431.4 MWm. For the 2025-2029 period, there was a 19.7% decrease, mainly due to a reduction in energy s
Slide 23: MWm sold
MWm SOLD (6 year horizon) 3025
Slide 24: List of exhibits
RESULTS tz COPEL 3725 LISTOFEXHIBITS —** =~ CONSOLIDATED RESULT BY OF n RESULTS SUBSIDIARY ENERGY MARKET DATA INCOME. |COPEL GET INCOME} DIS AND TOTAL INDICATORS STATEMENTS: STATEMENT MARKET SUMMARY COPEL DiS INCOME BALANCE SHEET ‘STATEMENT ENERGY FLOW GENERATION COPEL DIS GENERATIONS ‘CASH FLOW REV
Slide 25: Shareholder structure
Common Free Floating 617% BNDESPAR sess snares 101% other 02% state of Parané 208% Free Floating eis TOTAL “Treasury shares 0.4% other 02% State of Parané 15.9% |NDESPAR 22.0%
Slide 26: Resources (average MW)
RESOURCES (average MW) $2,720 = $2503 $2495 $2,464 sare s2are a —— $1,956 $1901 $1920 $1928 2025 2026 2007 2028 2023 TH Own Resources GeT [J Own Resources SPP and Wind Farm [ll Purchases
Slide 27: Comments
Comments: 1- Excluding losses and internal consumption. 2- Considering the GFs of wind SPEs constant for all periods. 3- Considering the Sales of wind SPEs constant for all periods. 4- Considering energy purchases in each period. 5 - Prices updated according to the contractual readjustment index, fr
Slide 28: Average prices of energy sold
avarage prices of energy sold $167.52 $185.69 $187.19 $198.77 $217.54 $260.69 *Includes hydroelectric plants, CCGF (GPS Plant), SPE FDA and SPE Bela Vista.
Slide 29: Average prices of energy sold
avarage prices of energy sold $219.89 $220.19 $216.71 $215.49 $214.33 $213.30 Comments: 1- Excluding losses and internal consumption. 2- Considering the GFs of wind SPEs constant for all periods. 3- Considering the Sales of wind SPEs constant for all periods. 4- Considering energy purchases in each
Slide 30: 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 November 12, 2025 COMPANHIA PARANAENSE DE ENERGIA – COPEL By: / S / Daniel Pimentel Slaviero Daniel