Alupar Investimento SA (BSP:ALUP4)
R$ 10.84 +0.37 (+3.53%) Market Cap: 11.79 Bil Enterprise Value: 24.66 Bil PE Ratio: 11.00 PB Ratio: 1.32 GF Score: 63/100

Q4 2025 Alupar Investimento SA Earnings Call Transcript

Mar 06, 2026 / 06:00PM GMT
Release Date Price: R$10.71 (-0.37%)

Key Points

Positve
  • Fitch Ratings reaffirmed Alupar Investimento SA (BSP:ALUP3)'s ratings at AAA for the national scale and BB-plus in the international scale, both with a stable perspective.
  • Successful long-term funding through the issuance of debentures, capturing about BRL2.4 billion with a 12-year term.
  • Dividend payments totaling BRL207.7 million were made, reflecting a strong commitment to shareholder returns.
  • Net income increased by 6.9% to BRL932.3 million compared to the same period in 2024.
  • EBITDA grew to BRL709.4 million, showing a positive trend compared to the previous year.
Negative
  • Generation segment income decreased by 20% due to the end of PPAs with the Queluz and Lavrinhas plants.
  • Increased administrative and general expenses by BRL9.9 million due to the beginning of operations of TCE and consulting and tax provisions.
  • The company faced a reduction in financial results by BRL88.3 million due to an increase in the CDI.
  • The company experienced a devaluation of the Peruvian currency, impacting financial expenses.
  • No significant wins in recent auctions due to high competition and aggressive bidding.
Operator

Good afternoon, ladies and gentlemen. Welcome to our earnings call of Alupar to discuss the results of the fourth quarter of 2025. The audio and slides of this conference are streamed also via the English channel. To access the English conference, click on the globe on the menu and select the language. You may also select to silence the original audio. This presentation is also available for download. (Operator Instructions)

We also inform that forecasts about future events are subject to risks and uncertainties and expectations may not come through differently from what expected. So our forecasts are only the opinion for the date when they are presented. And this opinion is not -- we are not bound to update the opinion.

Present are Mr. Jose de Godoy Pereira, CFO; and also Mr. Luiz Coimbra. I will now give the floor to Mr. Luiz Coimbra, who will start the presentation.

You may proceed, Mr. Luiz.

Luiz Coimbra
Alupar Investimento SA - Investor Relations Officer

Good afternoon, everyone. Thank you for participating in our earnings

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