Axia Posts R$5.45 Billion Q3 Loss on Asset Sales, Approves R$4.3 Billion Dividend

Overview

• Adjusted profit came in at R$2.2 billion, down 68% year over year, with adjusted regulatory net revenue at R$9.97 billion, off 4.6% on lower generation revenue and transmission contract remeasurement effects.
• The board approved R$4.3 billion in interim dividends, bringing total shareholder distributions in 2025 to about R$8.3 billion.
• Investments reached R$2.7 billion in the quarter, up 57% from a year earlier and 32% from the prior quarter, as the company readies participation in transmission auctions when returns meet its criteria.
• Net debt totaled R$42.577 billion at quarter‑end, rising versus both the second quarter and a year earlier, reflecting lower cash after an earlier R$4.0 billion dividend payment.
• Portfolio moves included the completed sale of the Santa Cruz thermal plant, the signed sale of the Eletronuclear stake, asset unbundling with Copel, and the sale of the Emae stake to Sabesp, while the compulsory‑loan provision stood at R$11.7 billion with a year‑on‑year reduction.