Engie Brasil Energia S A : records net operating revenue of R$ 3.4 billion in the first quarter of 2026

About this update from Engie Brasil Energia S.a.

ENGIE Brasil Energia records net operating revenue of R$ 3.4 billion in the first quarter of 2026 07 May 2026 Compartilhe Value represents growth of 13.1% compared to the first quarter 2025; Adjusted Ebitda was R$ 2.2 billion, a year-on-year increase of 10.0%; Performance in the period was driven by operational efficiency, commercial expansion and progress reported on new generation and transmission projects São Paulo, May 07, 2026 - ENGIE Brasil Energia (EGIE3) closed the first quarter of 2026 with net operating revenue of R$ 3.4 billion, growth of 13.1% compared to the same quarter in 2025. Adjusted Ebitda amounted to R$ 2.2 billion, a 10.0% improvement on the same comparative basis. The results reflect the discipline in executing the corporate strategy and progress made on the Company's projects with respect to their implementation nationwide. Adjusted net income was R$ 789 million, 4.1% lower than the same quarter in 2025, impacted mainly by the financial result, responsible for partially offsetting revenue growth. "This quarter's results are evidence of the consistency of our strategy of integrating organic growth, financial solidity, and operational excellence. We have been able to build a sustained trajectory thanks to the high degree of uptime of the generation assets which contributed to revenue flows in conjunction with the performance of the transmission segment. We have also advanced in the implementation of new projects as well as maintaining a proactive strategy in relation to the auctions, reinforcing our commitment to expansion and the creation of long-term sustainable value", declares ENGIE Brasil's CEO, Eduardo Sattamini. Investments advance and transmission projects are awarded new licenses The Company's total investments in the first quarter amounted to R$ 219 million and were allocated to projects involving transmission infrastructure and renewable energy generation, with important progress made in the implementation of the construction schedule for new projects. In transmission, the Asa Branca project interconnecting the states of Bahia, Minas Gerais and Espírito Santo, received the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) installation license for the construction and operation of the four transmission lines including the Medeiros Neto II Substation. The Graúna transmission project, where the Company also took over the operation of an existing brownfield stretch, was also able to record the successful accomplishment of some key stages in the implementation schedule in relation to environmental licensing and conclusion of right-of-use land ownership negotiations. "Performance for the period was driven by a combination of energy sales volume and average net sales price, as well as transactions in the spot market, which contributed to revenue growth. Furthermore, we maintained our focus on technical excellence by meeting project timelines and expanding our pipeline. We remain confident that this momentum will continue, guided by capital discipline and a commitment to creating value for shareholders and society", says Pierre Leblanc, Chief Financial and Investor Releations Officer. Customer base rose 35% and commercialized energy by 10.5% In the commercial area, the Company expanded its customer base, recording a growth of 35% in addition to an increase of 29% in the number of consumer units in relation to the same period in 2025. Commercialized energy volumes amounted to 10,592 GWh in the quarter representing a year-on-year advance of 10.5%. Generation rose 8.4% while assets continued to maintain a high degree of uptime In alignment to the energy transition strategy, the Company expanded its installed capacity to 12.9 GW, maintaining a high level of asset uptime in the quarter with 99.5% in hydropower, 95.6% at the solar PV complexes and 93.0% in the case of the wind farms as a whole. Generation amounted to 12,614 GWh in 1Q26, an increase of 8.4% compared to the same quarter in 2025, 10,332 GWh from hydropower and 2,281 GWh from complementary sources where there was an increase of 6.7%, boosted by the startup in operations at the Assú Sol Photovoltaic Complex. In the transmission segment, uptime in the quarter stood at 99.8%, reflecting the performance of the assets already in operation. ENGIE guarantees new contracts and R$ 2.7 billion in investments from auctions Again, during the first quarter, ENGIE was a highlight of the Capacity Reserve Auction held by the National Electric Energy Agency (ANEEL), selling 195.78 MW of power from the Jaguara Hydropower Plant, located on the state divide between Minas Gerais and São Paulo. The total estimated investment is approximately R$ 1.2 billion, and the contract will run for 15 years, beginning August 1, 2030. The annual fixed revenue will be R$ 270.4 million. Consolidating its nationwide expansion strategy, the Company also made successful bids for Lots 2 and 3 in ANEEL's Transmission Auction for the installation of transmission lines and synchronous compensators in the states of Paraná, Santa Catarina, Rio Grande do Norte, and Ceará. The forecasted investment is R$ 1.5 billion, with an Annual Allowed Revenue (RAP) of R$ 122.7 million and the potential to create 4,500 jobs during the construction phase. ABOUT ENGIE 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.

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