Companhia Paranaense de Energia (CPLE6) investor relations material

Executive summary

• Recurring EBITDA reached BRL 1.3 billion in 2Q25, up 4.2% year-over-year, with strong contributions from generation, transmission, and distribution segments.

• Recurring net income was BRL 452.4 million in 2Q25, down 9.5% year-over-year, mainly due to higher financial expenses.

• CapEx for the quarter was BRL 975.3 million, supporting service quality, efficiency, and modernization.

• Strategic asset divestments and portfolio optimization included the sale of small hydro assets and asset swaps with Eletrobras.

• Migration to Novo Mercado is progressing, aiming to unify share classes and enhance liquidity, despite temporary regulatory delays.

Financial highlights

• EBITDA increased 4.2% year-over-year to BRL 1.3 billion, driven by generation, transmission, and trading.

• Net income declined 9.5% year-over-year to BRL 452.4 million, impacted by a 38.7% rise in financial expenses.

• CapEx totaled BRL 975.3 million in the quarter and BRL 1.6 billion in the first half, maintaining the planned investment pace.

• Personnel and management costs reduced by up to 15%, supporting operational efficiency.

• Net debt stood at BRL 16.6 billion, with leverage at 2.9x net debt/EBITDA, excluding temporary effects from asset acquisitions.

Outlook and guidance

• Migration to Novo Mercado expected to conclude by year-end, pending regulatory and shareholder approval.

• Dividend policy sets a minimum payout of 75% of net income, with at least two annual payments.

• Focus remains on cost efficiency, digital transformation, and operational excellence.

• Participation in upcoming capacity auctions is prepared, awaiting government ordinance.

• Portfolio optimization and asset divestments continue to enhance returns.