Companhia Paranaense de Energia (ELP) reported net income of $101 million for its second quarter of 2025, with adjusted earnings of 2 cents per share. The company's recurring EBITDA increased by 4.2% year-over-year to BRL 1.3 billion.
The Generation and Transmission (GeT) segment's recurring EBITDA rose 12.6% to BRL 761.4 million, while the Distribution segment contributed BRL 569.3 million, a 0.6% increase. However, recurring net income decreased by 9.5% to BRL 452.4 million, primarily due to a 38.7% rise in financial expenses.
Copel completed an asset swap with Eletrobras, consolidating HPP Maua and the Mata de Santa Genebra transmitter, which allowed for offsetting approximately BRL 170 million in tax losses from Colider. The company also sold non-core real estate from Copel G&T for BRL 286 million, contributing BRL 175 million to net income and eliminating BRL 5 million in annual maintenance costs.
By the first half of 2025, Copel had deployed 1.5 million smart meters as part of its smart grid program, enhancing operational efficiency and customer service. The company also received its third consecutive first-place ranking in Aneel's Ombudsman Award in Q2 2025, recognizing its commitment to sustainability and excellence.
The company's leverage stood at 3.1x net debt over EBITDA as of Q2 2025, with total net debt at BRL 16.6 billion. Management expects leverage to normalize to 2.9x after the planned divestment of Baixo Iguacu in Q3 2025.
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