CPFL Energia (CPFE3) investor relations material

Executive summary

• EBITDA reached R$3,556 million in 2Q26, up 17.4% year-over-year, driven by distribution, tariff adjustments, and operational efficiency.

• Net income for the quarter was R$1,438 million, a 21.3% increase year-over-year, reflecting EBITDA growth and improved operating performance.

• Energy consumption rose 4.0% year-over-year, led by commercial and residential segments, with data center demand up 35.8%.

• CapEx for the quarter was R$1.5 billion, with a full-year target of R$6.5 billion and a multiannual plan totaling R$31.1 billion.

• Recognized for best corporate governance in Brazil and elected to the UN Global Compact Board.

Financial highlights

• Distribution EBITDA grew 11.4% to R$2,301 million, supported by tariff readjustments and market growth.

• Generation & Energy Management EBITDA was R$767 million (+4.1%), with positive contract readjustments but impacted by wind curtailment and lower wind performance.

• Transmission EBITDA reached R$400 million (+134.2%), driven by RBSE adjustments and new investments.

• Services and others EBITDA increased 60.6% to R$88 million, driven by transmission works and CPFL Serviços.

• Net debt stood at R$32.5 billion, with leverage at 2.36x Net Debt/EBITDA.

Outlook and guidance

• CapEx guidance for 2026 is R$6.5 billion, focusing on customer service, grid expansion, and modernization.

• Multiannual investment plan (2026-2030) totals R$31.1 billion, with R$25.3 billion allocated to Distribution.

• Expressed interest in adhering to the MME's curtailment compensation agreement, with process expected to conclude in 2027.

• RAP for CPFL Transmissão increased by 8.8% to R$1,363 million.

• Secured 30-year extensions for key distribution concessions, supporting long-term stability.