Azevedo & Travassos Energia swings to 2Q26 operating loss of R$ 2.8 million; revenue drops to R$ 903,000

• Azevedo & Travassos Energia posted a net loss of R$ 2.48 million, with EBITDA at negative R$ 1.46 million.
• Revenue totaled R$ 903,000, while gross margin came in at 28.35% with gross profit of R$ 256,000.
• Total output rose 31.5% quarter-on-quarter to 9,705 boe; Phoenix assets production increased 5.8% to 4,772 boe.
• Incorporated Andorinha Energia, adding Porto Carão and Barrinha assets; issued 10.25% of share capital to Petro-Victory.
• CEO Ivan Carvalho said the quarter strengthened its strategy; transition of Barrinha and Porto Carão operations targets completion in 2H.

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