Brazil · Delayed Price · Currency is BRL ISA Energía Brasil Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 8.3% revenue growth, 10.6% EBITDA growth, and 6% net income growth, with strong investment in greenfield projects and network improvements. Leverage remains elevated but is managed through proactive financing and waivers, while dividend payout and growth strategy are maintained.
Fiscal Year 2025
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Record investments and disciplined execution drove growth in 2025, with net revenue up 3% and major projects completed ahead of schedule. Despite a 22% drop in net profit due to higher costs and new taxes, the company maintained strong shareholder returns and a robust investment pipeline.
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Q3 2025 saw a 27% net income increase despite a 9% revenue drop, with strong investment in new projects and a focus on sustainability. Leverage rose as planned, and the company maintained its disciplined capital allocation and dividend policy.
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A robust portfolio of 34 concessions underpins strong financials, with investments in modernization and new projects driving growth. Strategy 2040 targets expansion, innovation, and decarbonization, while legacy legal issues are being actively mediated.
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Q2 2025 saw regulatory clarity on RBSE, a 1.3% RAP increase, and strong investment in new projects. Net revenue declined due to non-recurring RBSE effects, but EBITDA margin remained robust at 76.8%. Leverage rose as planned, with dividend policy and growth strategy unchanged.
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Q1 2025 saw strong revenue and EBITDA growth, driven by investments in greenfield and reinforcement projects, though net income declined due to higher financial expenses. Leverage is expected to rise temporarily as major projects progress, but the dividend payout practice remains unchanged.
Fiscal Year 2024
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Net revenue grew 14.3% to BRL 4.6 billion in 2024, with EBITDA up 13.2% and net income rising 7%. Investments reached a record BRL 2.3 billion, and the company maintained a 75% dividend payout policy while increasing leverage to 2.72x.
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Q3 2024 saw strong revenue and EBITDA growth, driven by tariff review impacts, project execution, and asset monetization. Net income dipped in the quarter due to non-recurring effects but rose year-to-date. Leverage remains stable, and dividend policy is maintained.
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Q2 2024 saw strong revenue and profit growth, driven by investments in greenfield and retrofit projects, lower financing costs, and robust performance from joint ventures. The company maintains a disciplined investment and dividend strategy, with stable outlook and continued focus on sustainable growth.