Compartilhe
São Paulo, August 5, 2026 - ENGIE Brasil Energia (EGIE3) closed the second quarter of 2026 with net income of R$ 1.9 billion, an increase of 246% compared to the same period in 2025, mainly due to the recognition of adherence to the legal mechanism for renegotiation of the Use of Public Assets (UBP), which resulted in a non-recurring effect of R$ 1.26 billion on net income. Excluding this non-recurring effect, adjusted net income was R$ 694 million, a 23% increase compared to April to June of the previous year.
Net operating revenue reached R$ 3.5 billion, up 13.8% year-on-year. Performance was driven by short-term operations and contracts in both the free and regulated energy markets, as well as contributions from transmission projects that expanded revenues. In the period, adjusted EBITDA totaled R$ 2.2 billion, a 16.8% increase compared to the second quarter of 2025, reflecting disciplined execution of the Company's strategy, operational performance, and progress in infrastructure investments.
"The 13.8% increase in net operating revenue demonstrates the Company's ability to capture opportunities across different business fronts. This growth, combined with the 23% increase in adjusted net income, reinforces the consistency of our strategy and the financial strength of ENGIE Brasil Energia. We remain attentive to market developments and committed to delivering sustainable results for our shareholders," said Pierre Leblanc, Chief Financial and Investor Relations Officer.
Investments drive transmission expansion
The Company's investments totaled R$ 329 million in the quarter. Of this amount, R$ 261 million was allocated to the construction of new projects. Highlights include the Asa Branca and Graúna transmission ventures, which received investments of R$ 111 million and R$ 104 million, respectively. The remainder was directed to generation projects and maintenance and revitalization of assets.
During the period, the Company recorded progress in project execution. The Asa Branca Power Transmission System obtained the Full Installation License, allowing the start of civil works, while the Graúna Power Transmission project advanced in environmental licensing and land release processes.
Another milestone was the signing of the concession contract for Lots 2 and 3 (Colibri Transmissora de Energia), acquired in the first Transmission Auction of 2026. These projects expand the Company's presence in strategic territories and reinforce portfolio diversification with works in Rio Grande do Norte, Ceará, Paraná, and Santa Catarina.
Expansion in the free market strengthens customer base
Expansion in the free energy market also delivered consistent results. In the second quarter, the Company increased its base of free consumers by 42.3% compared to the same period in 2025, while revenue from sales to these consumers and traders grew 12.7%, rising from R$ 994 million to R$ 1.12 billion.
Total volume traded, including free consumers, traders, and distributors, and excluding trading operations, reached 10,597 GWh, an annual growth of 14.1%.
"The quarter's results demonstrate the strength of our strategy and discipline in business execution. Highlights include the increase in contracts signed in the free market and expansion in transmission, reinforcing our ability to generate sustainable value. We remain committed to investing in infrastructure and innovation to ensure consistent growth and contribute to the country's energy transition," said Eduardo Sattamini, CEO of ENGIE Brasil.
Historic follow-on enables transfer of stake in Jirau Energia
Recently, one of the largest corporate moves in ENGIE Brasil Energia's history was completed. The Company finalized a share offering (follow-on), enabling the transfer of the 40% stake held by ENGIE Brasil Participações in Jirau Energia S.A. to ENGIE Brasil Energia.
The transaction amounted to R$ 8.36 billion, of which R$ 2.62 billion was raised in the market and R$ 5.74 billion corresponded to the contribution of Jirau's stake. The share price was set at R$ 30.50, with the issuance of approximately 274 million new common shares.
ENGIE is a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With more than 90,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to individuals, local authorities and businesses. Every year, ENGIE invests on average €12 billion per year to drive forward the energy transition and achieve its net-zero carbon goal by 2045.
Turnover in 2025: €71.9 billion. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris - Europe 120 / France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).
In Brazil, ENGIE, one of the leaders in 100% renewable energy generation in the country, operates in generation, commercialization and transmission of electric power, gas transport and energy solutions. The Company has in the country an installed capacity of approximately 13 GW, originated from renewable sources and ow-greenhouse gas (GHG) emission sources, such as hydro, solar and biomass power plants, and windfarms.
With the acquisition of Transportadora Associada de Gás - TAG, completed in 2020, ENGIE now also owns the largest natural gas transportation network in the country, spanning 4,500 kilometers across 10 states and 191 municipalities. In addition, ENGIE offers a comprehensive portfolio of integrated solutions designed to reduce costs and emissions and improve infrastructure for companies, including compressed air, local solar self-generation, biogas and biomass, energy consulting and management, HVAC systems and substations. In cities, ENGIE acts as a partner to make urban spaces more efficient and sustainable, providing solutions such as public lighting, electric mobility and district cooling.
ENGIE trades on B3, Brazil's stock exchange, through its power generation and trading subsidiary, ENGIE Brasil Energia (EGIE3).. In addition to being part of B3's Novo Mercado, the Company has been one of the few firms continuously included in the Corporate Sustainability Index (ISE) since its inception in 2005. In 2021, ENGIE Brasil Energia was also included in the Carbon Efficient Index (ICO2), which comprises shares of companies in the IBrX 100 with greater transparency in reporting GHG emissions and in preparing for a low-carbon economy. The Company has also the certification Great Place to Work, a recognition which validates the continuous commitment to fostering a positive and inclusive work environment for all.