Energisa turns to 2Q26 net loss of R$ 40 million; adjusted net revenue rises 10% to R$ 12.78 billion

• Energisa posted a net loss of R$ 40 million in 2Q26, swinging from profit a year earlier.
• EBITDA rose 4% to R$ 2.27 billion, while recurring adjusted EBITDA increased 1% to R$ 1.95 billion.
• Adjusted net revenue climbed 10% to R$ 12.78 billion, while finance costs widened to R$ 2.73 billion.
• Net debt excluding sector credits fell to R$ 32.53 billion; net debt/adjusted EBITDA (covenants) improved to 3.1x from 3.5x in 1Q26.
• Management cited a R$ 596 million non-cash accounting hit from transmission asset recycling; four major distribution concessions were renewed for 30 years.

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