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ISA Energía Brasil
ISA Energía Brasil (ISAE4) investor relations material
ISA Energía Brasil Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Achieved record annual investments exceeding BRL 5 billion in 2025, up 40% year-over-year, focusing on energy transition, retrofitting, and greenfield projects.
Advanced and energized major greenfield projects, including Riacho Grande and Piraquê, ahead of schedule, adding over BRL 205 million in RAP/AAR.
Expanded transmission network to over 23,000 km and increased installed capacity by 2,285.75 MVA, supporting grid reliability and renewables integration.
Maintained a disciplined strategy balancing growth, financial discipline, and consistent shareholder returns, distributing BRL 1,219 million with a 75% payout ratio.
Launched ISA 2040 Strategy and formalized Net Zero 2050 commitment, advancing sustainability and innovation.
Financial highlights
Regulatory net revenue for 2025 was BRL 4,353.6 million, down 4.5% year-over-year, mainly due to lower RBSE and sector charges, partially offset by RAP/AAR adjustments and new projects.
EBITDA for 2025 was BRL 3,455.3 million, down 2.4% year-over-year; Q4 2025 EBITDA rose 8% to BRL 854 million.
Net income for 2025 was BRL 1,625.8 million, down 21.7% year-over-year, impacted by higher depreciation, financial costs, and new tax rules.
IFRS net revenue for 2025 was BRL 9,411.2 million (+18.1% YoY); IFRS net income was BRL 2,447.9 million (-30.0% YoY).
CapEx (ex-M&A) for 2025 reached BRL 5,103.6 million (+40.4% YoY), with BRL 1,698.8 million invested in Q4 2025 (+31.6% YoY).
Outlook and guidance
Investment plans for 2026–2030 focus on greenfield and retrofitting projects, targeting sustainable infrastructure modernization, with authorized R&I portfolio totaling BRL 6.3 billion.
Four greenfield projects under construction with remaining investment of ~BRL 6.0 billion and AAR for 2025/2026 cycle of BRL 929.2 million.
AAR for the 2025/2026 cycle set at BRL 6,372.74 million, with 56% from renewed contracts and 44% from auctioned contracts.
Commitment to distribute at least 75% of regulatory net profit as dividends remains unchanged.
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Latest events from ISA Energía Brasil
- RBSE clarity boosts cash flow as investments rise, but net income and revenue decline.ISAE4
Q2 20253 Feb 2026 - Net income up 62.9%, investments up 69.6%, and RAP set at R$5.9 billion for 2024/2025.ISAE4Q2 20242 Feb 2026
- Strong revenue and EBITDA growth in 3Q24, with record investments and robust operational efficiency.ISAE4Q3 202417 Jan 2026
- Growth, innovation, and disciplined investment drive sector leadership and sustainability.ISAE4Investor Day 202529 Dec 2025
- Net income fell 17.6% as financial expenses rose, despite higher revenue and investments.ISAE4Q1 202527 Dec 2025
- Net revenue up 14.3% and net income up 6.9% in 2024, with record investments and strong dividends.ISAE4Q4 202423 Dec 2025
- Net income rose 27.4% to R$550 million in Q3 2025 despite a 9.1% revenue drop.ISAE4Q3 202531 Oct 2025
Next ISA Energía Brasil earnings date
Q1 20265 May, 2026
ISA Energía Brasil
Next ISA Energía Brasil earnings date
Q1 20265 May, 2026
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