Equatorial Energia S/Adr (EQUEY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone. Welcome to Grupo Equatorial's fourth quarter 2025 earnings call. Joining us today are our CEO. Augusto Miranda, Vice President Lourdes Lusca, Cristiano Logrado, Tatiana Vasquez, and Mr. Liu Aquino, CEO of EcoEnergia. They will be available to take your questions at the end of the call. Note that simultaneous interpretation is available. To enable it, just click the Interpretation button at the bottom of your screen and select your preferred language. This call is being recorded and will be posted on the company's investors' relations website at www.ri.equatorialenergia.com.br, along with today's presentation. All participants will be in listen-only mode during the presentation. We will then open the call for Q&A. when further instructions will be provided. Before we begin, please note that any forward-looking statements are based on management's current views and assumptions as well as information currently available to the company. These statements are subject to risks and uncertainties as they relate to future events that depend on circumstances that may or may not occur. Investors, analysts, and members of the press should keep in mind that factors related to the macro environment, industry, and other variables may cause actual results to differ materially from those reflected in these forward-looking statements. With that, I'll now turn the call over to Mr. Augusto Miranda. Good afternoon, everyone, and thank you for joining us today. Let me kick things off with the key highlights for 2025. It was a year of solid and consistent performance. We delivered consolidated adjusted EBITDA of R12.2 billion, up 11.6% year-over-year, and On the same asset basis, EBITDA came in at 10.9 billion, up 14.3%. Total investments reached 11 billion, up 23....