Slide 1: 3Q25 Earnings Presentation
3Q25 November 13ᵗʰ, 2025 1
Slide 2: Disclaimer
Disclaimer Disclaimer This presentation may contain forward-looking statements, which are subject to risks and uncertainties, as they were based on the expectations of the Company’s management and on available information. These prospects include statements concerning the Company’s current intension
Slide 3: 3Q25 Highlights
3Q25 Highlights Distinctions Operational Strong Performance in Distribution Segment Market growth (+2.6%), controlled Losses (17.4%) and CEEE-D achieves the contractual DEC Financial Adjusted EBITDA Investments R$ 3.5 billion (+18.6% vs 3Q24) R$ 3.0 billion (+25.1% vs 3Q24) Cash for the Period Fundi
Slide 4: Economic and Financial Performance Consolidated
ECONOMIC AND FINANCIAL PERFORMANCE CONSOLIDATED 4
Slide 5: Economic and Financial Performance
Economic and Financial Performance IPCA – 5.17% Macro Index IGPM – 2.82% 12 months SELIC – 13.32% Adjusted Results Net Debt and Investments +4.5% Net Debt and Covenants +18.6% R$ Billion 278 238 3,478 1,146 4 1,138 315 45 40 3.3 Term and Average Cost 3.2 3.1 4,350 4,548 35 3 2,933 3,164 30 5.8 year
Slide 6: DISCOS
DISCOS 6
Slide 7: Distribution – Main Indicators
Distribution – Main Indicators Macro Index 12 months IPCA – 5.17% IGPM – 2.82% SELIC – 13.32% Performance of Injected and Distributed Energy Adjusted Gross Margin Consolidated (GWh) (R$ Million) +3.1% 20,9% +5.7% (+211) +2.6% 17.9% 17.4% 3,706 3,917 95 8 43 9 7 -7 57 17,777 18,328 13,753 14,112 3Q24
Slide 8: DEC Progress in CEEE-D
DEC Progress in CEEE-D 450 22.0 5 climatic events 26 climatic events 14 climatic events 400 20.1 386 20.0 354 350 342 308 302 • 18.0 12 climatic events over the last 12 300 months 257 250 • 16.0 CAPEX increase ( R$ 1.3 billion LTM) 225 208 211 213 • Contingency plan and staff training 200 175 • 14.0
Slide 9: Other Segments
OTHER SEGMENTS 9
Slide 10: Other Segments
Other Segments Transmission Sanitation Renewables Closing of the Sale EBITDA Adjusted EBITDA R$ Million +68,2% R$ Million – Echo + Commercialization 2.2 -8.1% 1.3 246.1 226.2 MOIC 8.3x 3Q24 3Q25 3Q24 3Q25 TIR >37% Equity Value – R$ 5.4 bi Billed economies - Water Curtailment – MP 1304 +9.6% vs 3Q24,
Slide 11: Grupo Equatorial
GRUPO -equaterial-
Slide 12: ri@equatorialenergia.com.br
ri@equatorialenergia.com.br 12
Slide 13: Sales of Transmission Segment
Sales of Transmission Segment Done Deal¹ R$ 8.5bi 7,209 (R$ 1.0bi) R$ 1.3bi 841 SPE 7 Sales MOIC: 18.6% Releverage + extraordinary capital reduction >8.3x RAP / ANEEL CAPEX Sale of Equatorial Transmissão Best ratio in transmission 5,399 (SPVs 1 to 6 and auction history 8) Acquisition of 8 lots in 20