Engie Brasil Energia (EGIE3) investor relations material

Executive summary

• Net operating revenue for 2Q26 reached R$3,511 million, up 13.8% year-over-year, driven by higher sales volumes, new assets, and operational efficiency.

• Adjusted EBITDA rose 16.8% to R$2,179 million, with margin improving to 62.1%.

• Adjusted net income increased 23% to R$694 million, while reported net income surged 246% to R$1,962 million, mainly due to a R$1,921 million non-recurring gain from UBP renegotiation.

• Major strategic moves included a R$8.4 billion follow-on share offering and the acquisition of a 40% stake in Jirau Energia.

• Interim dividends of R$770.8 million were declared, representing a 55% payout of distributable net income for 1H26.

Financial highlights

• Net operating revenue: R$3,511 million in 2Q26, up 13.8% year-over-year; 6M26: R$6,920 million (+13.4%).

• Adjusted EBITDA: R$2,179 million in 2Q26 (+16.8% vs 2Q25); 6M26: R$4,423 million (+13.2%).

• Adjusted net income: R$694 million in 2Q26 (+23% vs 2Q25); reported net income: R$1,962 million (+246%).

• Net debt at R$25.2 billion as of June 30, 2026; net debt/EBITDA at 3.1x.

• Dividend payout policy maintained at a minimum of 55% of distributable net income.

Outlook and guidance

• Focus on expanding the renewable portfolio, strengthening transmission assets, and maintaining high operational uptime.

• Ongoing investments in new projects, including transmission systems and renewable generation, with R$329 million invested in 2Q26.

• Positive outlook for natural gas transportation, with R$4.1 billion in planned investments over five years.

• Only 1% of energy uncontracted for 2026, rising to 37% by 2030, supporting long-term price capture.

• Management is monitoring regulatory changes and assessing impacts of new laws on operations.