Brazil · Delayed Price · Currency is BRL Alupar Investimento Earnings Call Transcripts
Fiscal Year 2026
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Q3 IFRS revenue rose 22.1%, while EBITDA and profit fell amid a prior-year non-recurring TNE effect. Transmission expansion continued in Chile, Peru and Brazil, with BRL 69.2m in interim dividends approved.
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Secured major transmission projects and licenses, driving revenue and EBITDA growth, though net income dipped due to higher financial expenses. Dividend payout remained strong, and international projects advanced, with a disciplined approach to new opportunities.
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Q1 2026 saw strong revenue and net income growth, higher dividends, and major project deliveries. Debt was managed conservatively, with improved leverage and robust cash. Management expects higher energy prices and remains cautious on new auctions.
Fiscal Year 2025
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Revenue and EBITDA grew year-over-year, driven by new transmission assets and tariff adjustments, while net income nearly doubled. Dividend payouts increased 29% amid a strong investment cycle, with significant progress in international projects and long-term funding secured.
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Revenue surged 90.4% year-over-year to BRL 1,897 million, with EBITDA and net profit also rising sharply. Major transmission projects were completed, and record dividends were approved, while a robust project pipeline and strong liquidity position support future growth.
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Revenue and profit saw double-digit growth year-over-year, driven by regulatory adjustments, project completions, and higher financial revenue. Key infrastructure projects advanced, and dividend distributions increased, while management remains focused on new opportunities and managing regional energy risks.
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Q1 2025 saw strong revenue and EBIT growth, driven by transmission and generation segments, with major dividend and stock bonus distributions. Project execution advanced, though 2025 offers fewer new opportunities; long-term outlook remains positive amid regulatory and market changes.
Fiscal Year 2024
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Revenue grew 27.9% year-over-year to BRL 1.123 billion, with profit up 63% and strong project execution in LATAM. Dividend and capital increases were approved, and liquidity improved 15.5%.
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Quarterly revenue and profit saw strong year-over-year growth, driven by infrastructure and concession assets. Major investments in Latin America and increased dividends highlight robust capital allocation, while sector-wide transmission delays and arbitration processes remain key risks.
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Q2 2024 saw revenue rise to BRL 963.53 million and net profit up 6.7% year-over-year, driven by transmission growth and Latam expansion. Dividend payouts increased 82%, and seven new projects are set to begin operations by 2027.