Q2 2025 ISA Energia Brasil SA Earnings Call (English, Portuguese) Transcript

Jul 31, 2025 / 01:00 PM GMT

Release Date Price: R$21.67 (-3.69%)

Transcript

Key Points

Positve

Cia de Transmissao de Energia Eletrica Paulista (BSP:TRPL10.PFD) achieved a 1.3% increase in annual permitted revenue for the 2025/26 cycle, driven by a 10% increase in public concession and 5% in auction contracts.
The company maintained a strong pace of investments, with over 1 billion invested in reinforcement improvement projects and new greenfield concessions.
The energization of the Agua Vermelha project was completed 16 months ahead of schedule, showcasing the company's planning and execution capabilities.
Cia de Transmissao de Energia Eletrica Paulista (BSP:TRPL10.PFD) continues to focus on long-term value creation through investments expected to generate future revenues.
The company maintains a dividend policy of paying out at least 75% of regulatory net income to shareholders, ensuring consistent returns.

Negative

Net revenue decreased by 7.5% in Q2 2025 and 2.7% in the first half of 2025, primarily due to non-recurring effects.
The company's leverage ratio increased to 3.43 times net debt to EBITDA, with discussions ongoing to obtain a waiver for financial covenants.
Operating costs and expenses increased by 28.56%, driven by participation in regulatory programs and higher depreciation expenses.
The expiration of the Ay concession contract in mid-July 2025 contributed to a reduction in revenue.
The company faces challenges related to climate change, necessitating infrastructure reinforcement to adapt to increasing wind strength and speed.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ISAE4.SA - ISA Energia Brasil SA
Q2 2025 ISA Energia Brasil SA Earnings Call (English, Portuguese)
Jul 31, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and thanks for standing by. Welcome to ES Energy as Brazil's 2nd quarter 2025 earnings conference call. Please note that simultaneous interpretation is available on the platform.

To access it, click the interpretation button using the globe icon at the bottom of your screen, and select your preferred language, either Portuguese or English. For those listening in English, there is also an option to mute the original Portuguese audio by clicking on mute original audio. This conference is being recorded and will be made available on the company's investor investor relations website [email protected] or you can also find the full earnings release. The presentation is also

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