Board Change • May 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Apr 08
Ampla Energia e Serviços S.A., Annual General Meeting, Apr 28, 2026 Ampla Energia e Serviços S.A., Annual General Meeting, Apr 28, 2026. Location: av. oscar niemeyer 2000, bloco 01, sala 701 parte, santo cristo, city and state of rio de janeiro., rio de janeiro. Brazil Board Change • Mar 30
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Mar 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Shares are highly illiquid. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (19% increase in shares outstanding). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R$9.13, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 8x in the Electric Utilities industry in Brazil. Total loss to shareholders of 40% over the past three years. New Risk • Jan 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risks High level of debt (61% net debt to equity). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Board Change • Dec 12
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 03
Third quarter 2025 earnings released: R$0.29 loss per share (vs R$0.004 loss in 3Q 2024) Third quarter 2025 results: R$0.29 loss per share (further deteriorated from R$0.004 loss in 3Q 2024). Revenue: R$2.40b (up 6.9% from 3Q 2024). Net loss: R$108.8m (loss widened R$107.8m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to R$11.00, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 8x in the Electric Utilities industry in Brazil. Total loss to shareholders of 25% over the past three years. Board Change • Aug 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 31
Second quarter 2025 earnings released: R$0.18 loss per share (vs R$0.25 loss in 2Q 2024) Second quarter 2025 results: R$0.18 loss per share. Revenue: R$2.26b (up 12% from 2Q 2024). Net loss: R$67.4m (loss widened 5.3% from 2Q 2024). Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to R$12.00, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 7x in the Electric Utilities industry in Brazil. Total loss to shareholders of 20% over the past three years. Board Change • Jun 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R$8.49, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 8x in the Electric Utilities industry in Brazil. Total loss to shareholders of 54% over the past three years. Board Change • May 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: R$0.13 (vs R$0.11 in 1Q 2024) First quarter 2025 results: EPS: R$0.13 (up from R$0.11 in 1Q 2024). Revenue: R$2.31b (up 12% from 1Q 2024). Net income: R$49.8m (up 76% from 1Q 2024). Profit margin: 2.2% (up from 1.4% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Apr 30
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks High level of debt (51% net debt to equity). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Board Change • Apr 29
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • Apr 24
Ampla Energia e Serviços S.A. announces Annual dividend, payable on December 31, 2025 Ampla Energia e Serviços S.A. announced Annual dividend of BRL 0.4188 per share payable on December 31, 2025, ex-date on April 29, 2025 and record date on April 28, 2025. 공시 • Apr 08
Ampla Energia e Serviços S.A., Annual General Meeting, Apr 28, 2025 Ampla Energia e Serviços S.A., Annual General Meeting, Apr 28, 2025. Location: av. oscar niemeyer 2000, bloco 01, sala 701, parte, santo cristo, city and state, rio de janeiro., rio de janeiro. Brazil Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R$8.80, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 8x in the Electric Utilities industry in Brazil. Total loss to shareholders of 60% over the past three years. Board Change • Mar 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 10
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2024 earnings released: R$0.004 loss per share (vs R$0.57 loss in 3Q 2023) Third quarter 2024 results: R$0.004 loss per share (improved from R$0.57 loss in 3Q 2023). Revenue: R$2.25b (up 26% from 3Q 2023). Net loss: R$1.03m (loss narrowed 99% from 3Q 2023). Profit margin: 0% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Board Change • Oct 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 22
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 26
Second quarter 2024 earnings released: R$0.25 loss per share (vs R$0.045 loss in 2Q 2023) Second quarter 2024 results: R$0.25 loss per share (further deteriorated from R$0.045 loss in 2Q 2023). Revenue: R$2.02b (up 7.6% from 2Q 2023). Net loss: R$64.0m (loss widened 496% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Board Change • Apr 30
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 01
Full year 2023 earnings released: R$0.76 loss per share (vs R$0.41 loss in FY 2022) Full year 2023 results: R$0.76 loss per share (further deteriorated from R$0.41 loss in FY 2022). Revenue: R$7.80b (flat on FY 2022). Net loss: R$191.7m (loss widened 108% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Board Change • Feb 19
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 08
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 30
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 05
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 07
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 06
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 01
Full year 2022 earnings released: R$0.41 loss per share (vs R$0.50 profit in FY 2021) Full year 2022 results: R$0.41 loss per share (down from R$0.50 profit in FY 2021). Revenue: R$7.73b (down 8.7% from FY 2021). Net loss: R$92.4m (down 211% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Board Change • Jan 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: R$1.80b (down 24% from 3Q 2021). Net loss: R$159.3m (loss widened R$148.5m from 3Q 2021). Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to R$14.40, the stock trades at a trailing P/E ratio of 74.2x. Average trailing P/E is 8x in the Electric Utilities industry in Brazil. Total loss to shareholders of 24% over the past three years. Board Change • Oct 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 29
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: R$1.80b (flat on 2Q 2021). Net loss: R$91.6m (loss widened 50% from 2Q 2021). Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to R$16.25, the stock trades at a trailing P/E ratio of 50.7x. Average trailing P/E is 6x in the Electric Utilities industry in Brazil. Total loss to shareholders of 23% over the past three years. Board Change • Jul 12
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 01
First quarter 2022 earnings released First quarter 2022 results: Revenue: R$2.13b (up 19% from 1Q 2021). Net income: R$39.1m (down 14% from 1Q 2021). Profit margin: 1.8% (down from 2.5% in 1Q 2021). Board Change • Apr 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 07
Upcoming dividend of R$0.082 per share Eligible shareholders must have bought the stock before 14 April 2022. Payment date: 31 December 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Brazilian dividend payers (6.0%). Lower than average of industry peers (6.0%). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 17% share price gain to R$21.00, the stock trades at a trailing P/E ratio of 42x. Average trailing P/E is 6x in the Electric Utilities industry in Brazil. Total loss to shareholders of 9.0% over the past three years. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: R$8.47b (up 36% from FY 2020). Net income: R$83.4m (up 71% from FY 2020). Profit margin: 1.0% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Board Change • Jan 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 01
Third quarter 2021 earnings released: R$0.06 loss per share (vs R$0.32 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: R$2.35b (up 54% from 3Q 2020). Net loss: R$10.7m (loss narrowed 80% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Oct 30
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 16
Upcoming dividend of R$0.07 per share Eligible shareholders must have bought the stock before 22 April 2021. Payment date: 31 December 2021. Trailing yield: 1.3%. Lower than top quartile of Brazilian dividend payers (5.0%). Lower than average of industry peers (5.4%). Reported Earnings • Feb 28
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: R$6.22b (up 5.4% from FY 2019). Net income: R$48.9m (down 83% from FY 2019). Profit margin: 0.8% (down from 4.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 19
New 90-day low: R$16.00 The company is down 9.0% from its price of R$17.49 on 20 October 2020. The Brazilian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 17% share price gain to R$19.90, the stock is trading at a trailing P/E ratio of 30.3x, up from the previous P/E ratio of 26x. This compares to an average P/E of 12x in the Electric Utilities industry in Brazil. Total return to shareholders over the past three years is a loss of 22%. Valuation Update With 7 Day Price Move • Oct 24
Market bids up stock over the past week After last week's 15% share price gain to R$18.99, the stock is trading at a trailing P/E ratio of 11.4x, up from the previous P/E ratio of 9.9x. This compares to an average P/E of 12x in the Electric Utilities industry in Brazil. Total return to shareholders over the past three years is a loss of 53%. Is New 90 Day High Low • Oct 23
New 90-day high: R$18.50 The company is up 11% from its price of R$16.60 on 23 July 2020. The Brazilian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is down 7.0% over the same period. 