Comp En De Mn Cemig ADS Q2 Earnings Call Highlights

Key Points

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• Cemig reported coagulated second-quarter results: recurring EBITDA roseate 9.3% twelvemonth implicit twelvemonth to BRL 2.5 billion, portion recurring nett income accrued 15.6%.

• The institution is maintaining its concern program, readying BRL 6.7 cardinal successful 2026 superior expenditures and spending BRL 3.3 cardinal during the archetypal half, chiefly connected organisation infrastructure up of the 2028 tariff review.

• Performance varied by business: organisation and transmission EBITDA grew, but trading posted antagonistic recurring EBITDA of BRL 180 cardinal owed mostly to an arbitration proviso and energy-purchase costs. Management expects trading conditions to amended successful the 2nd half.

Comp En De Mn Cemig ADS (NYSE:CIG) reported recurring EBITDA of BRL 2.5 cardinal for the 2nd 4th of 2026, with recurring EBITDA rising 9.3% from a twelvemonth earlier and recurring nett income expanding 15.6%, according to absorption during the company's net call.

Chief Executive Officer Alexandre Ramos Peixoto, speaking connected his archetypal net telephone successful the role, emphasized continuity successful the company's strategy, fiscal subject and concern program. He said work prime would stay cardinal to Cemig's priorities arsenic it serves much than 9.5 cardinal consuming units.

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"We person a dependable company. We present accordant results, and we cognize however to execute," Peixoto said. He highlighted the company's integrated operations and said Cemig is positioning its web and businesses for changes successful Brazil's energy market, including the expected afloat opening of the powerfulness marketplace successful November 2028.

Investment programme remains connected way

CFO and Investor Relations Officer Leonardo George de Magalhães said Cemig plans to put BRL 6.7 cardinal successful 2026 and had deployed BRL 3.3 cardinal done the archetypal six months of the year, oregon 49% of the yearly target.

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Distribution accounted for the bulk of investment, with BRL 2.6 cardinal spent during the archetypal half. Cemig Geração e Transmissão received BRL 275 million, portion state distributor Gasmig invested BRL 227 million, including enactment associated with its Midwest task and 33.5 kilometers of web operation during the quarter.

Management said the investments are intended to amended work quality, modernize and fortify the organisation system, and grow the company's regulatory plus basal up of Cemig Distribution's tariff reappraisal scheduled for May 2028. The institution said it has much than BRL 22 cardinal planned for the tariff-review rhythm done May 2028.