Engie Brasil Energia (EGIE3) investor relations material

Executive summary

• Achieved strong financial and operational results in 2Q26, with net operating revenue reaching R$3,511 million, up 13.8% year-over-year, and adjusted EBITDA rising 16.8% to R$2,179 million, driven by higher sales volumes, new assets, and operational improvements.

• Adjusted net income increased 23% to R$694 million, while net income surged 246% to R$1.96 billion due to a non-recurring UBP capital gain.

• Completed a R$8.4 billion follow-on share offering and acquired a 40% stake in Jirau Energia, enhancing the asset portfolio and capital structure.

• Settled R$2.23 billion in hydropower concession obligations, generating a net gain of R$1.3 billion.

• Approved merger of CEJA to streamline operations and declared interim dividends of R$770.8 million, representing a 55% payout of distributable net income for 1H26.

Financial highlights

• Net operating revenue rose 13.8% year-over-year to R$3.51 billion in 2Q26, with adjusted EBITDA up 16.8% to R$2.18 billion and adjusted net income up 23% to R$694 million.

• Net income (including non-recurring items) reached R$1.96 billion (+246% vs 2Q25), mainly due to the UBP capital gain.

• Net debt stood at R$25.2 billion, with a net debt/EBITDA ratio of 3.1x and average debt maturity of 7.1 years.

• Dividend payout policy maintained at a minimum of 55% of distributable net income, with interim dividends of R$770.8 million.

• EBITDA margin improved to 62.1% in 2Q26.

Outlook and guidance

• Focus remains on expanding the renewable portfolio, strengthening transmission assets, and maintaining high operational uptime.

• Ongoing investments in new projects, including transmission systems and renewable generation, with R$329 million invested in 2Q26.

• Profitability expected to improve from Q3 onwards as Jirau’s positive effects and liability reductions materialize.

• Strategic investments in renewables and transmission expected to further boost EBITDA in coming periods.

• Positive outlook for natural gas transportation, with R$4.1 billion in planned investments over five years.