Comp En De Mn Cemig ADS Q1 Earnings Call Highlights

Key Points

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• CEMIG reported first-quarter 2026 EBITDA of BRL 1.79 cardinal and nett of BRL 979 million, with absorption citing beardown show successful its diversified operations and aboriginal disbursal savings from a restructuring agreement.

• The biggest maturation operator was the distribution business, wherever EBITDA roseate 26.6% to astir BRL 1.01 cardinal arsenic CEMIG continued dense concern successful substations and web enlargement portion maintaining coagulated work indicators.

• Management emphasized ongoing challenges from energy terms volatility and hydrological hazard successful procreation and trading, portion besides noting a long-dated indebtedness profile, upcoming concession renewals and a continued BRL 44 cardinal concern plan.

Comp En De Mn Cemig ADS (NYSE:CIG), the Brazilian electrical inferior known arsenic CEMIG, reported first-quarter 2026 EBITDA of BRL 1.79 cardinal and nett of BRL 979 million, portion absorption highlighted continued concern successful distribution, indebtedness illustration absorption and challenges tied to vigor terms volatility and hydrological risk.

Andrea Marques de Almeida, CEMIG’s CFO and capitalist relations officer, said the company’s diversified operation helped prolong results during the quarter. She said CEMIG invested BRL 1.48 cardinal successful the play and paid BRL 658 cardinal successful shareholder remuneration. The institution besides completed what she described arsenic a tiny acquisition of PCH Pipoca and Temacu successful Mesquita.

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Almeida besides pointed to aboriginal effects from a post-employment restructuring statement recorded astatine the extremity of past year, saying it had already reduced expenses by BRL 80 million.

Leadership Change Announced

At the commencement of the call, Carolina Sena, CEMIG’s capitalist relations superintendent, said the assignment of Alexandre Ramos Peixoto arsenic CEMIG’s caller CEO had been approved. Peixoto replaces Reynaldo Passanezi Filho, whose departure was attributed to the term-limit regularisation nether Brazil’s State-Owned Enterprises Law No. 13,303/2016.

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Sena said that nether Passanezi’s management, CEMIG carried retired a fiscal betterment process, resumed concern levels and developed a strategical program of astir BRL 70 cardinal done 2030. She besides said the institution expanded substations, modernized the grid, eliminated humanities bottlenecks and accrued its marketplace worth from BRL 8 cardinal to BRL 45 billion.

Peixoto is simply a vocation worker of the institution with acquisition successful the Brazilian electrical sector. Sena said helium has worked astatine ANEEL, the Ministry of Mines and Energy and EBE, and antecedently served astatine CEMIG arsenic regulatory and organization relations officer.