Transmissora Aliança de Energia Elétrica (TAEE11) investor relations material

Executive summary

• Achieved major operational milestones with early energization of Tangará, Ananaí, and Saíra projects, adding up to R$507 million in RAP for the 2026-2027 cycle, up to 25 months ahead of regulatory deadlines.

• Announced acquisition of five transmission assets, expected to add R$305 million in RAP and increase transformation capacity by 33%.

• Completed 22nd debenture issuance of R$1.7 billion to finance acquisitions, with total debenture issuances in 2026 reaching R$2.5 billion.

• Maintained high asset availability at 99.91% and disciplined cost management, with OPEX growth below inflation.

• Board approved distribution of R$206.8 million in shareholder returns, totaling over R$1 billion for the year.

Financial highlights

• Regulatory net revenue rose 9.5% year-over-year in H1 2026, reaching R$1.3 billion, driven by new project energizations and RAP adjustments.

• Regulatory EBITDA for H1 2026 was R$1,139.3 million, up 10.5% year-over-year, with a consolidated margin of 85.4%.

• Regulatory net income for H1 2026 was R$399.4 million, down 16.4% year-over-year due to higher financial expenses and depreciation.

• IFRS net income for H1 2026 was R$920.8 million, up 6.5% year-over-year.

• Investments totaled R$445.3 million in H1 2026, down 40.5% from H1 2025 due to project completions.

Outlook and guidance

• Expected investments for 2026 are R$2.3–2.4 billion, including acquisitions and ongoing projects.

• Total RAP for the 2026-2027 cycle projected at R$4.9 billion, with R$4.3 billion already operational.

• Additional RAP of R$110 million anticipated from remaining projects under construction.

• Focus on integrating new assets, evaluating participation in future auctions, and selective capital allocation.

• Ongoing reinforcements and improvements with estimated investments over R$193 million.