Annuncio • Mar 31
Neoenergia S.A., Annual General Meeting, Apr 30, 2026 Neoenergia S.A., Annual General Meeting, Apr 30, 2026, at 09:00 FLE Standard Time. Location: praia do flamengo n78, g3, auditorio, flamengo, rio de janeiro Bulgaria Reported Earnings • Feb 14
Full year 2025 earnings released Full year 2025 results: Revenue: R$52.6b (up 7.4% from FY 2024). Net income: R$5.03b (up 38% from FY 2024). Profit margin: 9.6% (up from 7.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.2% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.5%. Annuncio • Feb 05
Neoenergia S.A. to Report Q4, 2025 Results on Feb 11, 2026 Neoenergia S.A. announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: R$0.76 (vs R$0.69 in 3Q 2024) Third quarter 2025 results: EPS: R$0.76 (up from R$0.69 in 3Q 2024). Revenue: R$13.5b (up 10.0% from 3Q 2024). Net income: R$924.0m (up 9.9% from 3Q 2024). Profit margin: 6.9% (in line with 3Q 2024). Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • Oct 15
Neoenergia S.A. to Report Q3, 2025 Results on Oct 27, 2025 Neoenergia S.A. announced that they will report Q3, 2025 results on Oct 27, 2025 Annuncio • Sep 11
Iberdrola Energía, S.A.U. reached an agreement to acquire an additional 30.29% stake in Neoenergia S.A. (BOVESPA:NEOE3) from Caixa de Previdencia dos Funcionarios do Banco do Brasil for BRL 11.9 billion. Iberdrola Energía, S.A.U. reached an agreement to acquire an additional 30.29% stake in Neoenergia S.A. (BOVESPA:NEOE3) from Caixa de Previdencia dos Funcionarios do Banco do Brasil for BRL 11.9 billion on September 10, 2025. A cash consideration of BRL 11.95 billion valued at BRL 32.5 per share will be paid by Iberdrola Energía, subject to potential adjustments. Upon consummation of the Transaction, Iberdrola Group will hold approximately 83.8% of Neoenergia’s share capital.
The Transaction is subject to the usual conditions precedent in this type of transactions, including among others obtaining the authorization of the National Electric Energy Agency, and is expected to close in the fourth quarter of 2025. Annuncio • Jul 24
Neoenergia S.A. to Report Q2, 2025 Results on Jul 22, 2025 Neoenergia S.A. announced that they will report Q2, 2025 results on Jul 22, 2025 Reported Earnings • Jul 23
Second quarter 2025 earnings released: EPS: R$1.34 (vs R$0.67 in 2Q 2024) Second quarter 2025 results: EPS: R$1.34 (up from R$0.67 in 2Q 2024). Revenue: R$12.2b (up 6.2% from 2Q 2024). Net income: R$1.63b (up 100% from 2Q 2024). Profit margin: 13% (up from 7.1% in 2Q 2024). Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.8%. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • May 05
First quarter 2025 earnings released: EPS: R$0.82 (vs R$0.93 in 1Q 2024) First quarter 2025 results: EPS: R$0.82 (down from R$0.93 in 1Q 2024). Revenue: R$11.4b (down 1.7% from 1Q 2024). Net income: R$1.00b (down 11% from 1Q 2024). Profit margin: 8.8% (in line with 1Q 2024). Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.2%. Declared Dividend • Apr 09
Dividend of R$0.35 announced Shareholders will receive a dividend of R$0.35. Ex-date: 22nd April 2025 Payment date: 1st January 1970 Dividend yield will be 14%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.6% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 4.8% over the next 2 years. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range. Declared Dividend • Mar 30
Dividend of R$0.35 announced Shareholders will receive a dividend of R$0.35. Ex-date: 22nd April 2025 Payment date: 1st January 1970 Dividend yield will be 13%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.6% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 4.8% over the next 2 years. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range. Annuncio • Mar 28
Neoenergia S.A. announces Annual dividend Neoenergia S.A. announced Annual dividend of BRL 0.3501 per share, ex-date on April 22, 2025 and record date on April 17, 2025. Annuncio • Mar 18
Neoenergia S.A., Annual General Meeting, Apr 17, 2025 Neoenergia S.A., Annual General Meeting, Apr 17, 2025. Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: R$2.99 (vs R$3.68 in FY 2023) Full year 2024 results: EPS: R$2.99 (down from R$3.68 in FY 2023). Revenue: R$49.0b (up 11% from FY 2023). Net income: R$3.64b (down 19% from FY 2023). Profit margin: 7.4% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 3.1% growth forecast for the Electric Utilities industry in Europe. Annuncio • Feb 07
Electricité de France S.A. and Stoa S.A. acquired 70% stake in Baixo Iguacu Hydro Power Project from Neoenergia S.A. (BOVESPA:NEOE3) in a transaction valued at BRL 1.4 billion. Electricité de France S.A. and Stoa S.A. acquired 70% stake in Baixo Iguacu Hydro Power Project from Neoenergia S.A. (BOVESPA:NEOE3) in a transaction valued at BRL 1.4 billion on February 6, 2025. Iberdrola has sold the 350MW Baixo Iguacu hydroelectric plant in Brazil. The deal reinforces Iberdrola's asset rotation strategy focused on portfolio optimisation with value creation, capital discipline and simplification of its structure.
Electricité de France S.A. and Stoa S.A. completed the acquisition of 70% stake in Baixo Iguacu Hydro Power Project from Neoenergia S.A. (BOVESPA:NEOE3) on February 6, 2025. New Risk • Jan 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.7% average weekly change). New Risk • Dec 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.5% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.5% average weekly change). Reported Earnings • Oct 23
Second quarter 2024 earnings released: EPS: R$0.67 (vs R$0.60 in 2Q 2023) Second quarter 2024 results: EPS: R$0.67 (up from R$0.60 in 2Q 2023). Revenue: R$11.5b (up 5.3% from 2Q 2023). Net income: R$815.0m (up 12% from 2Q 2023). Profit margin: 7.1% (up from 6.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Electric Utilities industry in Europe. New Risk • Oct 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.0% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.1% average weekly change). Annuncio • Oct 18
Neoenergia S.A. to Report Q3, 2024 Results on Oct 22, 2024 Neoenergia S.A. announced that they will report Q3, 2024 results After-Market on Oct 22, 2024 New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.0% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.3% average weekly change). Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: R$0.67 (vs R$0.60 in 2Q 2023) Second quarter 2024 results: EPS: R$0.67 (up from R$0.60 in 2Q 2023). Revenue: R$11.5b (up 5.3% from 2Q 2023). Net income: R$842.0m (up 16% from 2Q 2023). Profit margin: 7.3% (up from 6.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Electric Utilities industry in Europe. Annuncio • Jul 17
Neoenergia S.A. to Report Q2, 2024 Results on Jul 23, 2024 Neoenergia S.A. announced that they will report Q2, 2024 results After-Market on Jul 23, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: R$0.93 (vs R$1.00 in 1Q 2023) First quarter 2024 results: EPS: R$0.93 (down from R$1.00 in 1Q 2023). Revenue: R$11.0b (down 7.6% from 1Q 2023). Net income: R$1.13b (down 7.2% from 1Q 2023). Profit margin: 10% (in line with 1Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Spain are expected to remain flat. Annuncio • Apr 19
Neoenergia S.A. to Report Q1, 2024 Results on Apr 23, 2024 Neoenergia S.A. announced that they will report Q1, 2024 results on Apr 23, 2024 Annuncio • Mar 15
Neoenergia S.A. launched a bid to acquire the remaining 6.89% stake in Companhia Energética do Rio Grande do Norte - COSERN (BOVESPA : CSRN3). Neoenergia S.A. launched a bid to acquire the remaining 6.89% stake in Companhia Energética do Rio Grande do Norte - COSERN (BOVESPA : CSRN3) for approximately BRL 160 million on March 14, 2024. The company has informed the Brazilian Securities Commission, as the company intends to acquire both ordinary shares and Class A and Class B preferred shares. Currently, Neoenergia already owns approximately 93.11% of the distributor's share capital. This price represents an investment of BRL 163 million (€30 million) at the current exchange rate. The bid is for the acquisition of all outstanding shares, which amount to around 11.5 million shares. The company will pay BRL 13.73 per share for the ordinary shares and BRL 15.10 for the Class A and B preferred shares. The offer, has yet to receive regulatory approvals, is conditional on acceptance by at least two-thirds of the target shareholders. The transaction is expected to close by the end of the year. Annuncio • Feb 23
Neoenergia S.A. to Report Fiscal Year 2023 Results on Feb 28, 2024 Neoenergia S.A. announced that they will report fiscal year 2023 results After-Market on Feb 28, 2024 Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: R$3.68 (vs R$3.89 in FY 2022) Full year 2023 results: EPS: R$3.68 (down from R$3.89 in FY 2022). Revenue: R$44.3b (up 3.6% from FY 2022). Net income: R$4.46b (down 5.4% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 2.3% growth forecast for the Electric Utilities industry in Spain. Annuncio • Jan 31
Neoenergia S.A. to Report Q4, 2023 Results on Feb 07, 2024 Neoenergia S.A. announced that they will report Q4, 2023 results After-Market on Feb 07, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: R$1.27 (vs R$1.23 in 3Q 2022) Third quarter 2023 results: EPS: R$1.27 (up from R$1.23 in 3Q 2022). Revenue: R$9.97b (down 2.7% from 3Q 2022). Net income: R$1.55b (up 3.3% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Electric Utilities industry in Spain. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: R$0.60 (vs R$0.89 in 2Q 2022) Second quarter 2023 results: EPS: R$0.60 (down from R$0.89 in 2Q 2022). Revenue: R$10.9b (up 4.2% from 2Q 2022). Net income: R$728.0m (down 32% from 2Q 2022). Profit margin: 6.7% (down from 10% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Spain are expected to remain flat.