AXIA Energia S.A. Q4 FY2025 earnings call

Ivan de Souza Monteiro noted 2025 was a year of achievements and laying the groundwork for sustained growth, including reducing liabilities, PMSO, changing investment levels, an agreement with the government and selling a stake in Eletronuclear, advancements in energy allocation and portfolio management, high dividend payout of BRL 8.3 billion, forming a robust pipeline, cultural transformation, and a proposal to migrate to Novo Mercado. Eduardo Haiama spoke about the conclusion of the turnaround, publishing annual results in February, key highlights like record dividends, increasing investments, portfolio management successes, investment evolution over the years, culture and ESG agenda with a share purchase program and plans for migrating to Novo Mercado

Ivan said the 2026 budget reflects the conclusion of the turnaround. Eduardo discussed capital allocation in dividends and investments based on a 5-year cash flow leverage perspective. Elio talked about continuing to participate in transmission auctions and future auctions including capacity, transmission, and battery auctions with a focus on value generation

Q: Regarding the high income and future dividend payout and capital allocation; A: Capital allocation and dividends are based on a 5-year cash flow leverage view.

Q: Concerning the auction pipeline; A: Elio spoke about continuing to participate in transmission auctions and future capacity, transmission, and battery auctions.

Q: About energy price dynamics and data centers; A: Rodrigo and Pedro discussed energy price dynamics and data center opportunities.

Q: Regarding energy allocations and Novo Mercado migration; A: Eduardo talked about energy allocations and the expectation of migrating to Novo Mercado.

Q: About energy allocations modeling and storage auction; A: Elio said the storage auction is too early to fine-tune