Transmissora Alianca De Energia Eletrica S.a. · BMFBOVESPA:TAEE3
Transmissora Alianca De Energia Eletrica — Taesa — Q4 2025 Earnings Presentation
18 slides from Transmissora Alianca De Energia Eletrica's earnings presentation, Mar 18, 2026
Slide 1: Earnings Release 4Q25 and 2025
Earnings Release 4Q25 and 2025 March 18, 2026 Efficiency that enpowers 1
Slide 2: Disclaimer
Disclaimer The individual and consolidated financial projections were prepared in accordance with accounting practices adopted in Brazil, encompassing corporate legislation, pronouncements, guidelines and interpretations issued by the Accounting Pronouncements Committee (CPC), in addition to the rul
Slide 3: Sustainability
Sustainability 2025 Annual Sustainability Report ESG Journey 2023 2024 2025 • Strengthening governance and ESG • Report evolution: commitments: ✓ Early disclosure ✓ ISO certifications ✓ Incorporation of the SASB framework ✓ Race Is a Priority Movement (UN) ✓ Update of ANEEL indicators ✓ Global Compa
Slide 4: Innovation 2025
Innovation 2025 Drones increased Projects initiated in 2025: inspection capacity by 50% Launch of TAESA Ventures Smart cameras with integrated Sensors in predictive algorithms maintenance: 33% reduction in Semi-autonomous drones: unplanned outages scale, efficiency and productivity vs. 2024 Smart se
Slide 5: Accomplishments for 2025
Accomplishments for 2025 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter • SEP – Special Protection System • TAESA Pitch Day • 18th Debenture issuance • 19th Debenture issuance – Exchange • 17th Debenture issuance • Pitiguari begins operations • ANEEL’s July 15, 2025 Ratifying Resolution • Lean Six
Slide 6: Recent Awards and Recognitions
Recent Awards and Recognitions Top 10 Valor Top 8 Valor ANEEL Award ANEEL Award ANEEL Award ONS Award Award Innovation for Innovation for Innovation for Innovation 2025 1st Edition - Most 1st Edition - Investment 1st Edition - Investment 2nd place: Largest company in Award in the North and in the No
Slide 7: 4Q25 and 2025 Highlights
4Q25 and 2025 Highlights 2025 was marked by improvements in operational and financial management and increased cash flow, with cost control and leverage maintained, even amid macroeconomic pressures and higher investments EBITDA exceeded R$2.1 billion for the year, a record high for the Company, rep
Slide 8: Regulatory Net Revenue
Regulatory Net Revenue (R$ MM – TAESA consolidated) 2025 vs. 2024 – Main changes: • RAP adjustment from tariff cycles +7.9% 2024-2025 2025-2026 2,513.3 2,329.1 +10.8% • Start-up of operations 643.7 581.0 Reinforcements1 Pitiguari Novatrans, TSN and São Pedro 4Q24 4Q25 2024 2025 • Improvement in PV P
Slide 9: Regulatory EBITDA 2025
Regulatory EBITDA 2025 (R$ MM – TAESA consolidated) 2025 x 2024 – Main Variations: +7.9% 2,329.1 2,513.3 +12.5% • Net Revenue (+233.2) improvement 32.0 49.0 2,104.4 174.5 2024 Net 2025 Net 22.2 Revenue Revenue 1,871.2 Excluding non-recurring events, OPEX grew at a • OPEX reflects cost optimization r
Slide 10: Adjusted Regulatory EBITDA 2025
Adjusted Regulatory EBITDA 2025 (R$ MM – TAESA consolidated) 6.4% (+149.7) 83.5% 83.3% 84.0% Net revenue 2,493.6 2,343.9 2,343.8 +7.1% (+138.5) 2,095.3 1,956.9 1,953.3 2023 2024 2025 adjusted adjusted adjusted OPEX Compared with 2.9% cumulative inflation of +9.3% over 24 months (+11.2) 387.0 390.6 3
Slide 11: Operating Performance
Operating Performance (in % – TAESA consolidated) Consolidation of operational Line Availability Index Variable Portion management model, with PV / RAP¹ (PV / RAP) reaching levels below historical average +0.29% ▪ Smart combination of data and -70.2% 99.65 99.94 1.78 indicators to support decision-m
Slide 12: Regulatory Net Income
Regulatory Net Income (em R$ MM – TAESA consolidated) -Operational startup of -Financial optimization -Reversal of projects and unitizations (cash and debt) fines/PVA in 4Q24 +56.1% (+112.5) 102.7 40.5 313.1 46.4 200.6 45.4 31.8 -Capture of tax benefits and extemporaneous adjustments 4Q24 Net Income
Slide 13: IFRS Net Income
IFRS Net Income (R$ MM) -6.7% 2025 vs. 2024 – Main changes: 1,693.9 (-114.1) 1,579.9 (R$ 141.4 million): Decline in monetary restatement revenues • Lower IGP-M (-0.10% in 2025 vs. +6.33% in 2024) (R$ 206.9 million): Decline in equity income • Lower monetary restatement revenue due to the contraction
Slide 14: Projects under development
Projects under development (R$ MM) Investments 100% TAESA Projects: Progress As of 12/31/2025 Pitiguari begins R$ 1.8 billion in 2025, the highest CAPEX to date in SC Authorized RAP operations approx. 2 years ahead of construction projects, in line with the guidance provided R$ 23.4 MM regulatory sc
Slide 15: Indebtedness
Indebtedness (R$ MM – TAESA with proportional consolidation) Net Outstanding Debt Debt Profile 4.0 4.1 4.1 4.1 4.1 Average cost of debt (real) 12,387 5.34% (pre-tax) 11,134 11,487 11,681 11,976 43% CDI IPCA 55% Average debt term 2% 5.5 years IGP-M 4Q24 1Q25 2Q25 3Q25 4Q25 Corporate Rating (national
Slide 16: Earnings Distribution Proposal R$ 1,124 MM
Earnings Distribution Proposal Earnings Distribution for the 2025 fiscal year R$ 1,124 MM 100% Regulatory Board of Directors’ Meeting declared Net Income March 17, 2026 Board of Directors proposes the distribution of: R$ 3.26 71.7% per Unit IFRS Net Income R$ 313.1 million* as remaining mandatory mi
Slide 17: Q&A Session
Q&A Session 17
Slide 18: taesa
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