6-K
ENERGY CO OF PARANA (ELPC)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of February, 2025
Commission File Number 1-14668
COMPANHIA PARANAENSE DE ENERGIA
(Exact name of registrant as specified in its charter)
Energy Company of Paraná
(Translation of Registrant's name into English)
José Izidoro Biazetto, 15881200-240 Curitiba, ParanáFederative Republic of Brazil+55 (41) 3331-4011
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
Summary
| 1. Consolidated Results | 2 |
|---|---|
| 1.1 EBITDA | 2 |
| 1.2 Operating Revenue | 3 |
| 1.3 Operating Costs and Expenses | 4 |
| 1.4 Equity in Earnings of Subsidiaries | 5 |
| 1.5 Financial Results | 5 |
| 1.6 Consolidated Net Income | 6 |
| 1.7 Debt | 6 |
| 2. Investments | 8 |
| 3. Copel Geração e Transmissão | 9 |
| 3.1 Financial Performance | 9 |
| 3.1.1 IFRS Effect on the Transmission Segment | 10 |
| 3.2 Operational Performance | 11 |
| 3.2.1 Generation | 11 |
| 3.2.2 Energy sold | 11 |
| 3.2.3 Transmission | 12 |
| RBSE | 12 |
| 4. Copel Distribuição | 13 |
| 4.1 Financial Performance | 13 |
| 4.1.1 Regulatory Efficiency | 14 |
| 4.2 Operational Performance | 14 |
| --- | --- |
| 4.2.1 Grid Market (TUSD) | 14 |
| 4.2.2 Captive Market | 15 |
| 4.2.3 Operational Data | 15 |
| 5. Copel Comercialização | 17 |
| 5.1 Financial Performance | 17 |
| 5.2 Operational Performance | 18 |
| 6. ESG Performance | 19 |
| 6.1 Copel, pioneer in ESG in the sector | 19 |
| 6.2 Recent Highlights | 20 |
| 6.3 Indicators | 20 |
| 6.4 Ratings, Classifications, and Indexes | 20 |
| 7. Other highlights of the Period | 21 |
| Listo of Exhibit | 24 |
| RESULTS | **4Q24** **** | **1** |
| --- | --- |
1. Consolidated Results
The following analyses refer to the fourth quarter of 2024 and the year-to-date, compared to the same period in 2023.
1.1 EBITDA
Copel's adjusted EBITDA^[1]^was R$1,256.1 million in 4Q24, reflecting another quarter of consistency in deliveries and discipline in capital allocation. Copel Geração e Transmissão (Copel GeT) and Copel Comercialização (Copel Com) accounted for approximately 47.6% of this result, while Copel Distribuição (Copel Dis) accounted for 56.9%.^[2]^
The following stand out in this quarter:
| (i) | Copel Distribuição's EBITDA grew 23.6% compared to 4Q23, totaling R$ 715.2<br>million, mainly reflecting the 2.5% growth in the billed market and the average adjustment of 2.7% in the Tariffs for the Use of the Distribution<br>System – TUSD; and |
|---|---|
| (ii) | the reduction of 29.2% (-R$ 92.5 million) in personnel and management costs, influenced<br>by the decrease of 1,415 employees, mostly explained by the Voluntary Dismissal Program (PDV) concluded in 2024. |
| --- | --- |
In the year-on-year comparison, consolidated EBITDA in 4Q24 was 12.9% lower than the R$ 1,442.4 million in 4Q23, mainly reflecting the following: (i) the lower average price of energy sold in Copel GeT's portfolio (R$ 178.72 compared to R$ 206.63 in 2023, a reduction of 13.5%); (ii) the generation deviation of R$ 93.4 million (+49%), caused by the lower performance of the wind complexes, essentially, by the volume of wind below the certification, curtailment of 13.1% in 4Q24 (compared to 8.3% in 4Q23) and unavailability of the generation complex due to maintenance and installations; (iii) the higher volume from the distributed micro and minigeneration compensation system (MMGD) of R$ 180.1 million and (iv) the increase in litigation provisions in the amount of R$63.6 million, especially in civil lawsuits.
^[1]^ Excluding non-recurring items, new replacement value (VNR) by the adjustment to present value of Copel Distribuição's indemnifiable assets, and IFRS effects on assets of transmission contracts.
^[2]^ Holding, Copel Serviços and Elejor accounted for -4.5% of adjusted EBITDA.
These amounts were partially offset, in addition to the highlights, by: (i) an increase of R$ 195.8 million in electricity grid availability; and (ii) the reduction in expected credit losses in the amount of R$ 35.8 million due to improvements in collection actions.
Adjusted Consolidated EBITDA
The non-recurring items considered for the calculation of adjusted EBITDA are shown in the following table:
| RESULTS | **4Q24** **** | **2** |
| --- | --- |
Year-to-date, adjusted EBITDA reached R$5,106.0 million, 6.6% lower than the R$5,464.2 million recorded in 2023, mainly justified by (i) the lower average price of energy sold in Copel GeT's portfolio; (ii) higher volume of energy from MMGD at R$ 600.7 million at Copel Dis; (iii) generation deviation of R$ 251.6 million, caused by the lower performance of the wind complexes, reflecting wind volume below certification, curtailment and unavailability of the generation complex resulting from maintenance and installations in 2024; (iv) partially offset by the resulting increase in revenue from the availability of the power grid of Copel Dis.
1.2 Operating Revenue
Net operating revenue totaled R$ 6,019.2 million in 4Q24, an increase of 8.1% compared to the R$ 5,567.7 million recorded in 4Q23. This result is mainly a reflection of the increase:
| (i) | R$ 260.5 million (+15.7%) in revenue from the availability of the electricity grid, mainly due to the<br>2.5% growth in the Copel Dis billed wire market and the tariff adjustment in June/2024, with an average effect of 2.7% on TUSD; |
|---|---|
| (ii) | R$180.6 million (+197.4%) in the result of sectoral financial assets and liabilities (CVA), mainly as<br>a result of the growth of the billed market and higher energy costs; |
| --- | --- |
| (iii) | of R$ 54.2 million (+9.2%) in construction revenue, due to the increase in the volume of works related<br>to the Copel Dis investment program (see topic 2), which includes investments aimed at improving and modernizing infrastructure and improving<br>customer service. |
| --- | --- |
These increases were partially offset by:
| (iv) | reduction of R$ 44.9 million (-5.2%) in revenue from electricity supply, basically as a consequence of<br>the lower average price in the sale of energy (R$ 178.72 compared to R$ 206.63 in 2023) at Copel GeT and the provision for generation<br>deviation in wind farms, mainly due to the volume of wind below certification, curtailment of 13.1% in 4Q24 (compared to 8.3% in 4Q23)<br>and unavailability of the generation complex due to maintenance and installations; |
|---|---|
| (v) | reduction of R$ 18.8 million (-11.9%) in other operating revenues mainly due to the amount of R$ 29.8<br>million related to the sharing fine amounts issued to communication companies in 4Q23, which was not repeated in 4Q24 due to the regularization<br>of the infrastructure. |
| --- | --- |
In 2024, net operating revenue totaled R$22,651.0 million, an increase of 5.5% compared to the R$21,479.5 million recorded in 2023, with emphasis on the following variations: (i) an increase of R$1,045.8 million (+17.4%) in revenue from electricity network availability, mainly due to periodic tariff adjustments in June 2023 and June 2024, as well as the 5.2% increase in the billed wire market, partially offset by the impacts of the tariff review of Copel GeT's transmission concession contracts; (ii) an increase of R$508.8 million (+6.4%) in electricity supply, especially due to periodic tariff adjustments of 17.4% in June 2023 and a reduction of 4.0% as of June 2024 and the increase in the captive market billed by 5.5%; (iii) an increase of R$217.0 million (+9.3%) in construction revenue due to the volume of works under the Copel Dis investment program; partially offset by (iv) a decrease of R$482.2 million (-13.4%) in revenue from electricity supply given the termination of the CCEAR contract for the Salto Caxias HPP with supply from May to September 2023 at a price of R$252.99/MWh and the increase in the generation deviation, caused by the lower performance of the wind complexes, as previously mentioned; and (v) reduction of R$132.9 million (-13.7%) in the item result of sectoral financial assets and liabilities, mainly due to the growth of the billed market and the better adherence of tariff coverage in relation to the realized costs of Parcel A (non-manageable costs).
| RESULTS | **4Q24** **** | **3** |
| --- | --- |
1.3 Operating Costs and Expenses
In 4Q24, operating costs and expenses totaled R$5,152.3 million, an increase of 15.9% compared to the R$ 4,445.1 million recorded in 4Q23. The following stand out:
| (i) | the increase of R$588.4 million in electricity purchased for resale (+29.1%) as a result of (a) the increase<br>in energy purchases in the short-term market (MCP) of the Energy Trading Chamber (CCEE), given a Settlement Price of Differences, in the<br>amount of R$302.6 million; (b) the largest volume from the distributed generation system, in the amount of R$ 180.1 million; (c) the incorporation,<br>as of January 2024, of New Energy Auctions, impacting CCEAR; and (d) the increase in bilateral contracts of R$ 34.7 million; |
|---|---|
| (ii) | the increase of R$229.7 million in provisions and reversals, due to the impairment provision of the generation<br>assets of R$27.8 million compared to the reversal in 4Q23 of R$123.1 million, due to the fair value on the divested assets of Copel GeT;<br>and the provision of R$63.8 million in litigation, especially in regulatory actions, Copel Dís' labor and civil liability plans<br>in view of the reversal in 4Q23 of R$ 50.9 million, mainly related to the regulatory litigation that dealt with the calculation methodology<br>of the Mechanism for Compensation of Surpluses and Deficits - MCSD); and |
| --- | --- |
| (iii) | the decrease of R$ 135.1 million (-17.4%) in charges for the use of the electricity grid due to the reduction<br>in the Reserve Energy Charge (EER), as a result of the lower need for contributions from agents in the consumption profile to maintain<br>the balance of the Reserve Energy Account (CONER) in 4Q24. |
| --- | --- |
Regarding manageable costs, the PMSO reduced R$66.5 million (-8.4%), excluding provisions and reversals, mainly due to the decrease of R$92.5 million (-29.2%) in personnel and managers, due to the reduction of 1,415 employees in the workforce until December 2024, mainly due to the Voluntary Dismissal Program.
This reduction was partially offset by an increase of R$ 33.7 million (+12.6%) in third-party services, due to the increase in expenses with maintenance of the electrical system and customer service, and the increase of R$11.1 million (+10.9%) in other operating costs and expenses, due to higher losses in the deactivation and disposal of assets in the quarter (R$12.3 million).
Neutralizing the effects of provisions related to performance premiums (PPD), profit sharing (PLR), long-term incentives and PDV, there was a reduction of R$72.5 million (-26.2%) in personnel and management costs in the quarterly comparison, an effect of the reduction of 1,415 in the total number of employees in the comparison between the periods, partially offset by the pro rata provision between October and December of the collective bargaining agreement - ACT 2024, with a salary adjustment of the National Consumer Price Index - INPC, of 4.09% considering 12 months until September/2024.
Isolating the effects of the accumulated inflation measured by the INPC of 4.77% (January to December 2024), there is a reduction of 29.5% (or R$ 85.7 million) in personnel compared to 4Q23.
| RESULTS | **4Q24** **** | **4** |
| --- | --- |
In 2024, total operating costs and expenses reached R$18,868.0 million, 4.3% higher than the R$18,092.6 million recorded in 2023. The main changes were: (i) the increase of R$1,208.7 million in electricity purchased for resale, mainly due to the increase of 53.4% (+R$600.7 million) in the financial compensation of energy from MMGD; (ii) the increase in provisions and reversals in the amount of R$252.9 million resulting from the partial reversal of impairment recorded in 2023 mainly due to the fair value on the divested assets of Copel GeT, and the increase of R$64.6 million in the provision for litigation, mainly civil and labor litigation; (iii) the variation in the cost of construction, reflecting higher investments in the infrastructure of the energy distribution segment, in the amount of R$ 203.2 million; and (iv) the increase of R$ 78.0 million in third-party services, as a result of the higher amounts with maintenance of the electrical system and maintenance of facilities.
These events were partially offset by: (i) a reduction of R$796.5 million in personnel and managers, due to the non-recurring effect of the provision for the POS and the indemnification of the second additional third of vacations, both in 2023, and the reduction in the number of employees; and (ii) the reduction in other operating costs and expenses resulting from it, mainly, the result of the sale of unserviceable assets to the Copel GeT concession, in the amount of R$ 264.4 million.
1.4 Equity in Earnings of Subsidiaries
The equity result of Copel's jointly controlled projects and other affiliates in 4Q24 decreased 11.6% compared to the same period of the previous year (R$55.8 million, compared to R$63.1 million recorded in 4Q23). The decrease is mainly due to the equity in the subsidiaries in the joint transmission of electricity, taking into account, among other events, the effects of the tariff review recorded in 2023 and non-recurring in 2024. Details of the results can be viewed in Annex I.
1.5 Financial Results
The financial result was negative R$376.8 million in 4Q24 compared to negative R$305.7 million recorded in 4Q23, an increase of R$71.1 million, mainly reflecting the following (i) the increase in expenses with monetary variation, exchange rate and debt charges by R$84.8 million (+20.7%) due to the increase in debt and CDI (Copel's main debt index; (ii) the increase in PIS/Pasep and Cofins on interest on equity of R$28.3 million (+92.8%) due to the higher amount of JCP paid by subsidiaries to holding companies in 4Q23; (iii) the increase in monetary variation and adjustment to present value on accounts payable linked to the concession (UBP) in the amount of R$20.4 million (52.3%); and (iv) the increase in the exchange rate variation on the purchase of electricity from Itaipu in the amount of R$ 20.6 million due to the appreciation of the dollar.
| RESULTS | **4Q24** **** | **5** |
| --- | --- |
These effects were partially offset by: (i) a decrease in monetary adjustment of litigation, in the amount of R$51.7 million (-66.6%) resulting from the accounting reclassification of this cost, in 4Q23, for the item of financial expenses, containing all the effects of the 2023 fiscal year^[3]^; (ii) increase in income from financial investments of R$27.5 million (+15.9%), due to higher amounts invested and higher interest rates; and (iii) the late payment increase on the invoice, with an increase of R$ 21.3 million (+48.4%).
In 2024, the financial result improved by R$48.0 million, totaling negative R$1,157.0 million compared to negative R$1,205.0 million in 2023. The result is mainly due to (i) the increase in income from financial investments, of R$197.6 million due to the higher volume of amounts invested; partially offset by (ii) reduction in expenses with monetary variation and adjustment to present value on accounts payable linked to the concession (UBP), in the amount of R$78.3 million; and (iii) the lower remuneration of sectoral financial assets and liabilities in the amount of R$49.4 million.
1.6 Consolidated Net Income
Copel recorded net income of R$ 575.2 million compared to R$ 942.8 million in 4Q23, a reduction of 39%. In addition to the items already mentioned, this decrease is also explained by the result of Compagas and UEGA (discontinued operations) of R$ 323.8 million in 4Q23.
In the year, net income was R$2,799.4 million compared to R$2,327.2 million recorded in 2023, an increase of 20.3%.
^[3]^ More information can be found in Note 28.1 of our 2023 Financial Statements.
Adjusting for non-recurring effects, adjusted net income increased 7.3% in 4Q24 compared to 4Q23. In addition to the items already mentioned, the effect of the increase of R$21.5 million in depreciation and amortization in the period also influenced the decrease, due to the higher investments made, mainly in Copel Distribuição. The reduction was partially offset by the higher tax benefit generated in 4Q24 due to the distribution of Interest on Equity.
The main adjustments to net income in 4Q24 were:
1.7 Debt
Copel's total consolidated debt in 2024 was R$17,753.8 million, an increase of 18.7% compared to the amount recorded on December 31, 2023, of R$14,962.3 million. The following table and graphs show the indebtedness of Copel and its subsidiaries at the end of 2024.
| RESULTS | **4Q24** **** | **6** |
| --- | --- |
Debt by Subsidiary
Adjusted Net Debt/Adjusted EBITDA
Debt Indexes
Amortization - R$ million
Average Term: 4.2 years
| RESULTS | **4Q24** **** | **7** |
| --- | --- |
- Investments
In 4Q24, the amount realized in the investment program was R$ 679.8 million, 79.9% of which was paid by Copel Distribuição and 19.9% by Copel Geração e Transmissão (Generation and Transmission).
In 2024, R$ 2,503.8 million were invested, 87.7% of which was invested in Copel Distribuição, with 98.9% allocated to electrical assets and 1.1% to investments in non-electrical assets and other investments.
The investments made in the distributor are essentially allocated within the scope of the Paraná Three-Phase, Smart Electric Network and Total Reliability projects, with the objective of modernizing, automating and renewing the distribution network with standardized technologies to serve the automation equipment. Among the benefits of the projects are the reinforcement of rural networks to reduce disconnections and ensure support for the growth of agribusiness in the State of Paraná, reduction of costs with O&M and commercial services and improvement in the control of the indicators of Equivalent Duration of Interruption per Consumer Unit - DEC and Equivalent Frequency of Interruption per Consumer Unit - FEC. The program consists of 3 pillar projects:
| o | Paraná Three-Phase: covers the construction of approximately 25 thousand km of new networks<br>by 2025 and represents the improvement and renewal of rural distribution networks in the Company's concession area, with the implementation<br>of a three-phase network and the creation of redundancy in the main rural branches. By the end of 2024, 20,540 km of network had<br>been completed. |
|---|---|
| o | Smart Power Grid: aims to implement a private communication network with standardized technology<br>to serve all the automation equipment of the distribution network and advanced metering infrastructure. By the end of 2024, 1,042,224<br>smart meters had already been installed. In phases 1, 2 and 3 of the program, progress was identified for our operation, with the<br>reduction of man-hours and km driven, fewer non-technical losses, improvement in quality and reduction of compensation for transgressions<br>of the quality performance limits. |
| --- | --- |
| o | Total Reliability: aims to ensure modernity in the operations of the energy network based on the<br>following premises: maintaining full communication between teams and the availability of equipment in the network, implementing automation<br>in special equipment, maintaining the entire municipality of the concession with a substation or special switch, and expanding the network<br>circuits and Self Healing equipment. By the end of 2024, the project had completed 89.74% of the planned schedule. |
| --- | --- |
The investments made at Copel GeT are mainly aimed at the operation and maintenance of generation assets, corresponding to 30% of the total invested in 2024, and reinforcements and improvements to transmission lines amounting to 47%.
| RESULTS | **4Q24** **** | **8** |
| --- | --- |
- Copel Geração e Transmissão
(Consolidated Profit)
| 3.1 Financial Performance |
|---|
Copel GeT posted an adjusted EBITDA^[4]^ of R$613.2 million, 26.9% lower than the R$838.3 million recorded in 4Q23. This result mainly reflects (i) the lower energy price in Copel GeT's portfolio (R$ 178.72 compared to R$ 206.63 in 2023, a reduction of 13.5%) and (ii) the generation deviation of R$ 93.4 million (+49.1%), caused by the lower performance of the wind complexes, mainly due to the volume of wind below certification, curtailment 13.1% in 4Q24 (compared to 8.3% in 4Q23) and unavailability of the generator complex due to maintenance and installations; (iii) the highest volume of energy purchased for resale in bilateral contracts (273 GWh 4Q24 compared to 151GWh in 4Q23); and (iv) the highest amount of provisions in 4Q24 of R$30.8 million, due to the increase in civil and labor litigation, while in 4Q23 there was a reversal of R$90.8 million, essentially due to the decision on the MCSD calculation methodology.
Item 3.1.1 presents the regulatory accounting of the result for analysis purposes without the IFRS (International Financial Reporting Standards) effect on transmission assets.
^[4]^ Excluded non-recurring items and IFRS effects on assets from transfer agreements.
Expenses with PMSO (manageable costs), excluding provisions and reversals, decreased by 3.5%, mainly explained by: (i) the reduction in costs with "Personnel and managers" by (-R$ 30.3 million) influenced by the decrease of 386 employees, mainly explained by the Voluntary Dismissal Program (PDV) concluded in 2024.; (ii) lower costs with the acquisition of "Materials" in (-R$ 5.4 million); partially offset by (iii) increase in "Third-party services" (+R$15.3 million), mainly due to higher costs with system and electrical maintenance and specialized services (inspection, cybersecurity, topography, dam emergency action plan (PAE) and vegetation mapping); and (iv) the increase in "Other operating costs and expenses" by R$ 14.3 million, due to the reimbursement of R$ 11.8 million from the energy development account (CDE) recorded in 4Q23.
Neutralizing the effects of the provisions related to PDV, PPD and PLR, there was a reduction of 30.3% in personnel and management costs compared to 4Q23, reflecting the aforementioned reduction in the number of employees between the periods, partially offset by the pro rata provision between October and December of the 2024 Collective Bargaining Agreement, with a salary adjustment of 4.09% (INPC accumulated in 12 months until September 2024).
| RESULTS | **4Q24** **** | **9** |
| --- | --- |
Isolating the effects of the accumulated inflation measured by the INPC, of 4.77% between (January and December 2024), there was a reduction of 33.5% in Personnel.
Year-to-date, Copel GeT recorded adjusted EBITDA of R$2,624.4 million, a decrease of 16.9% compared to the same period of the previous year, mainly due to (i) the lower average energy price of Copel GeT's portfolio in the year, mainly due to the termination of the CCEAR Salto Caxias HPP contract in September 2023, whose average price was R$ 252.99/MWh; (ii) the largest generation deviation in wind complexes at R$138.8 million; partially offset by (iii) lower expenditure on electricity purchased for resale of R$ 31.8 million; and (iv) by the reduction in personnel costs, as a result of the decrease of 386 employees in the workforce.
Net income from continuing operations stood at R$1,325.3 million in 2024, a reduction of 18.9% compared to 2023. This result mainly reflects (i) lower EBITDA, due to the points presented above; (ii) higher expenditure on Income Tax and Social Contribution, due to the reduction in the payment of Interest on Equity (JCP) compared to the reduction in the result in 2024; offset by (ii) the better financial result (-R$606.5 million in 2024, compared to -R$747.4 million in 2023), explained by the higher income from financial investments and lower financial expenses with debt charges.
3.1.1 IFRS Effect on the Transmission Segment
For the calculation, the adjustment was made considering the effects of the application of ICPC 01 / IFRIC 12 on the corporate statements in the transmission segment.
| RESULTS | **4Q24** **** | **10** |
| --- | --- | | 3.2 Operational Performance | | --- |
Present in 10 states, Copel Geração e Transmissão operates a diversified park of hydroelectric and wind power plants, totaling 6,553.9 MW of installed power and
2,886.8 MW average of physical guarantee. In the Transmission segment, Copel has a total network of 9,684 km of transmission line and 53 basic network substations, considering the shares.
For more information on operational data on generation and transmission, see Annex IV.
3.2.1 Generation
Copel's generating complex is composed of 100% renewable sources in operation.
The power generation of Copel Geração e Transmissão S.A. and its wind farms in the quarter was lower than in the same period last year, reaching 6,864 GWh compared to 8,087 GWh in 4Q23. In 2024, generation was 27,363 GWh compared to 25,698 GWh in 2023.
3.2.2 Energy sold
In the 4th quarter of 2024, Copel Geração e Transmissão recorded 3,761 GWh of electricity sold by hydro sources, a reduction of 8.1%, mainly due to lower short-term sales (MCP). The energy sold does not consider the generation allocated in the Energy Reallocation Mechanism (MRE), which decreased in the quarter (2,289 GWh compared to 3,054 GWh in 4Q23).
For wind farms, the total electricity sold was 1,241 GWh, a reduction of 7.0%, mainly due to the reduction in sales in bilateral contracts, partially offset by the energy sold in the regulated environment (CCEARs) due to the start of supply from the Vilas Wind Complex^[5]^.
7
^[5]^ Vila Ceará I, Vila Maranhão I, Vila Maranhão II and Vila Maranhão III Wind Farms (28°LEN - CCEAR 2024 - 2053).
| RESULTS | **4Q24** **** | **11** |
| --- | --- |
GSF and PLD
3.2.3 Transmission
Copel has more than 9.6 thousand km of transmission lines in eight Brazilian states, considering its own assets and in partnership with other companies. In addition to building, maintaining and operating its own extensive energy transmission network, Copel provides services to projects of other concessionaires. The Transmission projects are listed in Annex IV, including the projects of Copel Geração e Transmissão, SPEs Costa Oeste, Marumbi and Uirapuru Transmissora (100% Copel GeT), as well as the 7 SPEs in which Copel Geração e Transmissão has a stake.
RBSE
Below we describe the flow of receipt of the portion of the Revenue related to the Basic Network of the Existing System – RBSE^[6]^ for the next cycles. It is important to note that they may be changed in the future, as a result of the tariff review processes and/or review of parameters used for the composition of these revenues by the regulatory body. The values below underwent periodic tariff review, according to ratifying resolution No. 3,344/2024, and annual adjustment by the IPCA according to ratifying resolution 3,348/2024.
^[6]^ It refers to concession contract 060/2001, which represents 41.6% of the permitted annual revenue (RAP) from transmission of Copel Geração e Transmissão and proportional of the participations.
| RESULTS | **4Q24** **** | **12** |
| --- | --- |
| 4. Copel Distribuição |
|---|
| 4.1 Financial Performance |
Copel Distribuição posted adjusted EBITDA of R$ 715.2 million in 4Q24, a growth of 23.6%, basically due to i) the 2.5% growth in the billed grid market, ii) the tariff adjustment in June 2024, with an average increase of 2.7% in the Tariffs for the Use of the Distribution System (TUSD), iii) the 36.0% decrease in expenses with personnel and administrators as a result, mainly, the reduction of 1,004 employees, mostly related to the PDV completed in 2024. These effects were partially offset by the costs of energy purchased for resale due tothe higher volume coming from the MMGD compensation system.
Year-to-date, adjusted EBITDA reached R$2,505.4 million, a growth of 22.2% compared to 2023, with emphasis on i) the 5.2% increase in the billed wire market, ii) the cumulative effect of the June/23 tariff adjustments of 6.3% and June/24 of 2.7% in TUSD, iii) 9.2% reduction in personnel and management costs mainly related to the conclusion of the POS in August 2024, already disregarding the effects of the provisions for PDV and compensation of the third of vacation made in 2023. The result was partially offset by the increase of R$180.1 million (+52.0%) from the higher volume of the MMGD compensation system.
Expenses with PMSO, except provisions and reversals, decreased by R$63.1 million (-13.6%) compared to 4Q23, due to the effect of the reduction, mainly, i) of R$68.9 million (-36.0%) in the cost of personnel and administrators due to the PDV concluded in August 2024, ii) of R$8.1 million (-31.6%) of expenses with materials, basically electrical systems, security equipment, and transportation and iii) R$7.2 million (-24.2%) in other costs and expenses, as a result, essentially, of the reduction of R$11.6 million in losses on decommissioning and increase in gains on the sale of assets and rights, with a total variation of R$22.6 million, and the reduction of R$9.2 million in costs with the collection of invoices. These effects were partially offset by the increase of R$23.7 million (+13.4%) in the costs of third-party service for maintenance of the electrical system, mainly with right-of-way cleaning and tree pruning, customer service, and data processing and transmission.
Excluding the effects of the provisions of the PDV, PPD and PLR, the personnel costs line decreased 29.3%, reflecting the aforementioned reduction in the number of employees between the periods, partially offset by the pro rata provision between October and December of the 2024 Collective Bargaining Agreement, ratified in 2025 with a salary adjustment of 4.09% (INPC accumulated 12 months until September 2024). Isolating the effects of the accumulated inflation measured by the INPC, of 4.77% between (January and December 2024), there was a reduction of 32.5% with personnel and administrators.
| RESULTS | **4Q24** **** | **13** |
| --- | --- |
Copel Distribuição's reported net income in 4Q24 was R$440.4 million (compared to R$263.3 million in 4Q23), positively impacted by the performance highlighted above, by the increase of R$32.9 million (+28.5%) in financial revenues, mainly due to the higher volume of amounts invested, and the lower expenditure on Income Tax and Social Contribution, due to the increase of R$ 307.8 million in the payment of Interest on Equity (JCP) to the Holding. Partially offset by the increase of R$33.1 million (12.8%) in financial expenses and an increase of R$22.5 million (+16.6%) in depreciation and amortization, as an effect of the investments made.
Year-to-date, net income was R$1,134.0 million, compared to R$569.1 million in 2023, reflecting the POS provision and additional one-third of vacations in 2023 and the improvement in operating performance in 2024.
The following are the main indicators of Copel Distribuição:
In 4Q24, the following also stand out:
| · | the reduction of R$ 13.4 million (-54.9%) in revenue from electricity supply due to the lower volume sold<br>in the CCEE (MCP); |
|---|---|
| · | the -13.6% (-R$20.0 million) variation in other operating revenues mainly due to the sharing fines issued<br>to communication companies in 4Q23, which was not repeated in 4Q24 due to the regularization of infrastructure; |
| --- | --- |
| · | the increase of R$ 22.5 million (+16.6%) in depreciation and amortization expenses as an effect of the<br>investments made; |
| --- | --- |
| · | the lower constitution of Estimated Losses with Doubtful Accounts – PECLD of R$ 46.1 million (-79.1%)<br>due to the increase in the recovery of invoices due to the intensification of collection actions, offset by the increase of R$ 48.4 million<br>in the provisions for litigation, mainly civil related to the tobacco sector. As a result, provisions and reversals increased by 1.3%; |
| --- | --- |
4.1.1 Regulatory Efficiency
Copel Distribuição recorded adjusted EBITDA of R$ 2,587.8 million in the last 12 months, plus VNR, equivalent to an efficiency of R$ 812.2 million, 45.7% above the regulatory EBITDA.
| RESULTS | **4Q24** **** | **14** |
| --- | --- |
4.2 Operational Performance
4.2.1 Grid Market (TUSD)
Copel Distribuição's grid market, composed of the captive market, the supply to concessionaires and permittees within the State of Paraná and all free consumers in its concession area, had an increase of 4.7% in electricity consumption in 4Q24 compared to the same period of the previous year and 7.3% in the year to date, mainly due to the increase in economic activity and the higher consumption pattern of the customer base in 2024. The billed wire market, which considers the compensated energy of Mini and Micro Distributed Generation – MMGD, increased 2.5% in 4Q24 and 5.2% in the year.
4.2.2 Captive Market
The captive market showed a decrease of 0.9% in electricity consumption in 4Q24 compared to the same period of the previous year and an increase of 5.5% in the year. The billed captive market, which considers MMGD offset energy, decreased by 5.3% in 4Q24 and increased by 1.8% year-to-date.
4.2.3 Operational Data
Copel Distribuição has a concession in force until July 7, 2045, whose criteria for quality of service provision (Equivalent Duration of Interruption per Consumer Unit – DEC and Equivalent Frequency of Interruption per Consumer Unit – FEC) are defined by ANEEL.
Despite the severe weather events in the State of Paraná that have occurred in recent months, the Company has acted in a timely manner to reestablish the energy supply and prevent vegetation in the network, which contributed to maintaining the quality indices in the provision of the service within the regulatory limits.
For the DEC, the result for the last 12 months calculated in December 2024 was 7.92 hours, while for the FEC, the result in the same period was 5.36 interruptions, both within the established regulatory limit.
Losses - Distribution losses can be defined as the difference between the electricity purchased by distributors and that billed to their consumers, being segmented as Technical and Non-Technical. Technical Losses are inherent to the activity of electricity distribution and Non-Technical Losses originate mainly from theft (clandestine connection, direct deviation from the grid), fraud (tampering with the meter or deviations), reading, measurement and billing errors.
At the end of 2024, Technical Losses in the last 12 months were 2,282 GWh, compared to 2,120 GWh in the same period of the previous year, and Non-Technical Losses were 862 GWh, compared to 742 GWh in the same period of the previous year. Total losses in the last 12 months totaled 3,144 GWh.
| RESULTS | **4Q24** **** | **15** |
| --- | --- | ||||
|---|---|---|---|---|---|
| --- | --- | --- | --- | --- | --- |
| Injected Energy | 32.754 | 34,403 | 35,253 | 36,639 | 39,436 |
| Distribution Losses | 2,553 | 2,660 | 2,701 | 2,862 | 3,144 |
| Technical Losses | 1,981 | 1,991 | 2,040 | 2,120 | 2,282 |
| Non-Technical Losses | 573 | 669 | 661 | 742 | 862 |
* Losses reflect the difference between the metered load and the billed market. In 2020, with the beginning of the Covid-19 pandemic, the load suffered a rapid retraction and the market did not respond at the same speed, due to the mismatch between the measurement calendar and the consumer billing calendar, reducing the volume of losses in this period.
Non-technical losses, calculated by the difference between total losses and technical losses, are largely associated with the management of the concessionaire and the socioeconomic characteristics of the concession areas. In this sense, Copel maintains a Program to Combat Non-Technical Losses through the following actions:
| ü | Improvement of actions to combat irregular procedures, improving the performance of targeted inspections; |
|---|---|
| ü | Investments aimed at the provision and/or acquisition of inspection equipment; |
| --- | --- |
| ü | Preparation and execution of specific training and recycling related to commercial losses; |
| --- | --- |
| ü | Carrying out inspections, both in Medium and Low Voltage; |
| --- | --- |
| ü | Educational notes in the press and messages on the electricity bill. |
| --- | --- |
| ü | Joint operations with the Civil Police and the Public Prosecutor's Office; |
| --- | --- |
| ü | Opening of a police investigation in the regions where significant numbers of irregular procedures were<br>found. |
| --- | --- |
The tariff transfer of efficient levels of losses is provided for in the concession contracts and these losses are included in the costs of purchasing energy up to the regulatory limit stipulated by ANEEL. Copel Distribuição remained within the regulatory limits in the last tariff processes and in 2024, total losses were 0.5 pp above the regulatory limit influenced by the significant increase in energy injected, notably in low voltage consumption.
| RESULTS | **4Q24** **** | **16** |
| --- | --- | | 5. Copel Comercialização | | --- | | 5.1 Financial Performance |
Copel Comercialização posted negative adjusted EBITDA of R$15.3 million in 4Q24 compared to a positive value of R$9.7 million in 4Q23, mainly reflecting the lower trading margin due to the volatility of the hourly PLD, especially at the beginning of the period, and the price variation between submarkets, especially caused by generation from intermittent sources. with an impact of approximately R$ 18.0 million.
The main adjustment in the quarter was the fair value of the power purchase and sale agreements (mark-to-market) - an amount calculated by the difference between the contracted price and the future market price estimated by the Company - which was negative by R$ 10.6 million in 4Q24 compared to the positive value of R$ 11.4 million in 4Q23, mainly influenced by the calculation of fair value that was impacted by the increase in the NTN-B discount rate.
Manageable costs, except provisions and reversals, decreased by 23.3% in 4Q24, mainly influenced by i) the reduction of R$1.3 million (-41.3%) in other costs and expenses due to lower costs with lease, rents and insurance, ii) the decrease in third-party services, mainly with data processing and transmission, and iii) the reduction in personnel due to the POS provision in 4Q23.
The personal and management accounts, excluding the effects of POS, PLR and PPD, increased by 17.9% in 4Q24, mainly due to the restructuring process of the trading company.
Copel Comercialização posted a net loss of R$ 3.1 million in 4Q24, mainly due to the items already mentioned. Year-to-date, net income was R$44.1 million, 58.2% lower than in 2023, due to the lower trading margin, and the negative variation of R$41.6 million in mark-to-market registration.
| RESULTS | **4Q24** **** | **17** |
| --- | --- |
5.2 Operational Performance
In 2024, Copel Comercialização concentrated the negotiations of new energy sales contracts in the second half of the year, seeking to capture better prices by taking advantage of the biggest opportunities of the year.
Energy sold increased by 0.1% in 2024, due to the effect of the increase in sales to traders in bilateral contracts (+13.8%). The chart shows the evolution of Copel Comercialização in terms of the amount of GWh sold, where it shows a growth of 80.5% in the last 4 years.
| RESULTS | **4Q24** **** | **18** |
| --- | --- | | 6. ESG Performance | | --- | | 6.1 Copel, pioneer in ESG in the sector |
Copel was the 1st company in the sector to produce an Environmental Impact Report for a generation project, and the 1st company in the energy sector in Brazil to become a signatory to the UN Global Compact in 2000. The Company promotes actions for the dissemination of the UN 2030 Agenda and the implementation of the SDGs in the electricity sector. Copel joined the Pact for Water and Energy Resilience Commitment and received the Pro-Gender and Race Equity Seal from the Federal Government. The Company received the Pro-Ethics Seal, 2018-2019 and 2020-2021 editions, granted by CGU and ETHOS Institute, for the voluntary adoption of integrity measures, with public recognition for its commitment to implementing measures aimed at the prevention, detection and remediation of acts of corruption and fraud. Copel participates in the 100% Transparency Movement of the UN Global Compact, the first and largest initiative to promote corporate transparency in Brazil.
Environmental
| § | Net Zero Ambition Movement – Copel participates in the Net Zero Ambition Movement. The movement<br>is part of the strategies developed by the Global Compact so that large companies together can promote actions that result in the reduction<br>of greenhouse gases by 2030; |
|---|---|
| § | It has a Copel 2030 Neutrality Plan, approved by the Board of Directors: with the purpose of neutralizing<br>Scope 1 Greenhouse Gas (GHG) Emissions, for the assets that Copel has operational control over (according to the concept established in<br>the GHG Protocol methodology) by 2030; |
| --- | --- |
| § | He is a member of the Brazilian Business Commitment to Biodiversity with the Brazilian Business Council<br>for Sustainable Development (CEBDS). |
| --- | --- |
Social
| § | Actions and Programs – Solidary Selective Collection; Cultivar Energia Program; Electricity; Good<br>Neighbor Program; Diversity Commission; Human Rights Program; EducaODS; Enlightening Generations; More than Energy, among others. |
|---|---|
| § | It has a Sustainability Policy, People Management, Occupational Health and Safety, among others. |
| --- | --- |
| RESULTS | **4Q24** **** | **19** |
| --- | --- | | § | The Cultivar Energia program – which implements community gardens under Copel's power lines –<br>has completed 10 years of existence, has a partnership with 10 municipalities in Paraná, in which 24 Copel gardens are distributed,<br>currently benefiting around 4 thousand people with healthy food and income generation. The gardens also protect Copel's properties from<br>irregular occupations, reinforce the company's presence and brand in the communities and beautify impoverished neighborhoods, transforming<br>the environment and the urban planning of cities. | | --- | --- |
Governance
| § | Copel is a company with dispersed capital and no controlling shareholder; |
|---|---|
| § | The Board of Directors is made up mostly of independent members and has statutory advisory committees:<br>Statutory Audit Committee - CAE; Sustainable Development Committee - CDS, Investment and Innovation Committee - IIC and People Committee<br>- CDG; |
| --- | --- |
| § | The CAE is made up of independent members, one of whom is an external member; |
| --- | --- |
| § | Establishment of variable compensation with ESG goals – 2023: 30% of the PPD; |
| --- | --- |
| § | Listed on Level 2 of Governance of B3; |
| --- | --- |
| § | Adherent to the UN Global Compact's 100% Transparency Movement. |
| --- | --- |
Priority SDGs of the Brazilian Electricity Sector
6.2 Recent Highlights
Copel dedicated the month of November to promoting sustainability and disseminating good environmental, social and governance (ESG) practices, not only in the corporate environment, but also in individual conduct. The extensive program began with the launch of the first edition of Copel's Sustainability Course on October 29. From November 11 to 14, the first edition of the Integrated ESG Week took place, which brought an agenda full of events that fostered the culture of sustainable development. The program included the "Detachment Room", a temporary space for the exchange of items that promoted conscious consumption. Another initiative launched was the Sustainable Route Challenge, which challenges participants to rethink the way they travel, changing their usual means of transport or fuel for more sustainable options. On the 12th, the Sustainability Trail was launched, which offers content that reinforces the commitment to ethical and sustainable practices, in addition to the lecture "Culture for Diversity" given by Álvaro Mello, a Gartner specialist. The last day of the ESG Integrated Week was marked by the Purpose Stage event, which featured the lecture "ESG and Purpose", presented by Yazmín Trejos, and a debate on energy transition, with the participation of the Coordinator of the Sustainable Development Committee (CDS) and Copel's business experts. Finally, the Human Rights Course – 2024 edition was launched, aimed at deepening crucial topics for the promotion of a culture of respect, inclusion and social responsibility.
6.3 Indicators
Regarding the scope 1 GHG (tCO2) indicator, the data refer to direct greenhouse gas emissions from Copel's operations (thermal plant, fleet, soil change and fugitive emissions) - data from 2024 will be verified later by a third party. GHG emissions are calculated every six months.
| RESULTS | **4Q24** **** | **20** |
| --- | --- |
6.4 Ratings, Classifications, and Indexes
| Index | Ranking | Reference Year |
|---|---|---|
 |
Rank 15th<br><br> <br>4th in SEB | 2023 |
 |
CSA Score 70 | 2024 |
 |
The- | 2023 |
 |
Yes | 2024 |
 |
Medium Risk | 2023 |
 |
The | 2024 |
| ****7. Other highlights of the Period | ||
| --- |
Available Cash Flow and Dividends
Available Cash Flow is defined in the Dividend Policy as: DCF = Cash generated by Operating activities, less net cash used by investing activities, as follows: (a) Cash Generated by Operating Activities: cash generated by operating activities in the fiscal year, before taxes, contributions (IRCS) and financial charges; (b) Net cash used by Investing activities: amount invested in the fiscal year in non-current assets. The Table below demonstrates the calculation of the DCF as of December 31, 2024:
R$ thousand
| 12.31.2024 | |
|---|---|
| CASH FLOW FROM OPERATING ACTIVITIES | |
| CASH GENERATED BY OPERATING ACTIVITIES | 5,202,716 |
| CASH FLOW FROM INVESTING ACTIVITIES | |
| FROM ONGOING OPERATIONS | (6,348,127) |
| FROM DISCONTINUED OPERATIONS | 608,713 |
| NET CASH USED BY INVESTING ACTIVITIES | (5,739,414) |
| FCD AVAILABLE CASH FLOW | (536,698) |
The Company declared and paid R$ 1,085.1 million for the 2024 fiscal year. In line with the Dividend Policy, the Board of Directors proposes extraordinary dividends in the amount of R$ 1,250.0 million for deliberation at the Annual General Meeting – AGM on 04/24/2025, with payment expected by June 2025.
Renewal of the Foz do Areia (FDA), Segredo andSalto Caxias Concessions
On November 18, 2024, Copel GeT renewed for another thirty (30) years the electricity generation concessions of the Governador Bento Munhoz da Rocha Netto ("Foz do Areia"), Governador Ney Aminthas de Barros Braga ("Segredo") and Governador José Richa ("Salto Caxias") Hydroelectric Power Plants, whose joint grant of approximately R$ 4.1 billion was paid in the same month. The plants add up to 4,176.0 MW of installed capacity and 1,673.7 MWm of physical guarantee.
For more information, see the Notice to the Market 32/24.
| RESULTS | **4Q24** **** | **21** |
| --- | --- |
1st Share Buyback Program
The Company launched the first share buyback program on November 25, 2024 with the objective of acquiring Copel's Class B common and preferred shares for treasury maintenance, cancellation or disposal, and compliance with the Restricted Shares and Performance Shares plan), without reducing the figure of the share capital. The program is valid for 18 months with a limitation on the acquisition of up to 10% of the total number of common shares and PNBs in circulation in the market. To date, the Company has acquired R$120.0 million of shares, of which R$50.0 million executed in December 2024 and R$70.0 million in January 2025. This initiative, along with the other deliveries made in the year, demonstrates the company's commitment to discipline in capital allocation and long-term value creation.
For more information, see Material Fact 09/24.
Divestment of Small Assets
On November 25, 2024, Copel Geração e Transmissão celebrated the divestment of its entire stake related to Copel's divestment in 13 small generation assets, totaling 118.7 MW of installed capacity. The total amount to be received for the divestment will be R$ 450.5 million, to be corrected by the variation of the IPCA from March 31, 2025 until the date of closing. The divestment will improve operational efficiency for Copel GeT's portfolio and optimize the Company's capital allocation, considering that Copel's strategy focuses on larger assets. Additionally, it will enable the reuse of professionals in more relevant assets, who are already properly trained and qualified. In January 2025, the Administrative Council for Economic Defense (CADE) approved the transaction, with ANEEL's consent to carry out the closing.
For more information, see Material Fact 10/24.
Copel Day 2024
The Company held the Investor Day at its headquarters in Curitiba-PR, on November 26, 2024, and was attended in person by more than 70 analysts, investors and stakeholders and more than 400 spectators who watched the live broadcast. Face-to-face participants had the opportunity to explore the Expo Room, where the main technologies used in hydro and wind generation, transmission and distribution operations were presented, consolidating the path of energy to the customer. The experience highlighted the operational excellence driven by the investments made. The event addressed, among other topics, the strategic pillars, the structuring efficiency plan and the planning of the PMSO, the path to operational excellence and the future of expansion of the Company, always seeking to become a reference in the electricity sector in value creation, efficiency, quality and discipline in capital allocation. For more information, access the broadcast of the event and the presentation available on our website.
Decrossing of Assets with Consolidation ofMata de Santa Geneva and Mauá HPP
On December 12, 2024, the Company carried out the uncrossing of assets of Centrais Elétricas Brasileiras S.A. – Eletrobras, in which Copel GeT will receive (i) the entirety of Eletrobras' 49% interest in the Mauá Hydroelectric Power Plant ("Mauá") and (ii) the entirety of Eletrobras' 49.9% in the transmission company Mata de Santa Geneva S.A. ("MSG"), Copel GeT will now hold 100% of the respective assets and fully consolidate them in its balance sheet, and (iii) will transfer to Eletrobras the Colíder Hydroelectric Power Plant ("Colíder") (100% Copel GeT), with payment of R$ 365.0 million to Eletrobras in cash at the closing of the Transaction, subject to the usual market price adjustment mechanisms. In January 2025, the Administrative Council for Economic Defense (CADE) approved the transaction, with ANEEL's consent to carry out the closing.
The transaction in question will bring immediate benefits to Copel, generating synergy gains by simplifying the operational and administrative structure, which until then was shared.
For more information, see Material Fact 12/24.
New General Director for Copel Geraçãoe Transmissão
Mechanical engineer Mr. Fernando Mano was sworn in as General Director of Copel Geração e Transmissão on January 6, 2025. Graduated from the Technological Institute of Aeronautics
- ITA, with a specialization in Advanced Finance from Fundação Getúlio Vargas - FGV and an MBA in Strategic Innovation from HSM Educação, he has deep experience in strategy, innovation and energy planning, having worked in several companies in the electricity sector. Under the leadership of Mr. Fernando Mano, Copel GeT will strengthen the efficiency of the power generation and transmission business, valuing sustainability and operational excellence.
For more information, see Notice to the Market 01/25.
| RESULTS | **4Q24** **** | **22** |
| --- | --- |
Copel Launches the 2024/2025 Voluntary DismissalProgram - PDV
On February 19, 2025, as provided for in the Collective Bargaining Agreement (ACT), the Company launched the 2024/2025 Voluntary Dismissal Program. The resulting dismissals are limited to the approved total of 100 employees and the classification process will occur in descending order of the sum of age and length of service. The employee with effective adhesion to the PDV will receive the equivalent of 12 monthly remunerations as compensation for the termination of the employment contract, as well as the benefits defined in the ACT.
Divestment in the Baixo Iguaçu HPP
On February 21, 2025, the Company announced the divestment of the Baixo Iguaçu HPP with an equity value of R$ 570.0 million related to a 30% interest in the asset. The transaction constituted 1) the exercise of the preemptive right to acquire all the shares of Geração Céu Azul S.A. ("Céu Azul"), belonging to Neoenergia S.A. ("Neoenergia"), holder of 70% of the Baixo Iguaçu Entrepreneurial Consortium ("CEBI"), for the equity value of R$ 984 million, whose acquisition commitment was contracted by adhesion to the Share Purchase and Sale Agreement and Other Covenants that had already been negotiated between Neoenergia and the original potential buyer of this participation; 2) after the exercise of the Preemptive Right, Copel GeT entered into a Share Purchase and Sale Agreement and Other Covenants with DK Holding Investments, S.R.O., through which Copel GeT undertook to sell to the Buyer: (i) the entire shareholding interest in Céu Azul, which it will hold at the closing of the transaction provided for in the CCVA between Copel GeT and Geração Céu Azul S.A. and (ii) its minority interest of 30% in CEBI, for the equity value of R$ 570 million, so that the Buyer will become the indirect owner of 100% of the Baixo Iguaçu HPP. The transaction totals, in equity value, the amount of R$ 1,554 million. Copel GeT received a cash deposit equivalent to 10% of the total value of this equity value, and the remaining balance must be paid by the buyer by the closing date, with the usual adjustments for this type of transaction. The transaction is subject to the fulfillment of certain conditions precedent usual to this type of operation.
The Company continuously seeks to enhance its portfolio and periodically evaluates opportunities to recycle assets and minority interests. The operation in question explores a business opportunity that generates value for Copel and optimizes its operational and administrative structure.
For more information, see Material Fact 01/25.
| Disclaimer<br><br> <br>The information contained in this document may include forward-lookingconsiderations and reflects management's current perception and perspectives on the evolution of the macroeconomic environment, industryconditions, the Company's performance and financial results. Any statements, expectations, capabilities, plans and assumptions containedherein that do not describe historical facts, such as information regarding the dividend payment statement, the future direction of operations,the implementation of relevant operating and financial strategies, the investment program, factors or trends affecting financial condition,liquidity or results of operations are forward-looking statements within the meaning of U.S. Private Securities Litigation Reform Actof 1995 and contemplate several risks and uncertainties. There is no guarantee that such results will occur. The statements are basedon a number of factors and expectations, including economic and market conditions, industry competitiveness and operational factors.Any changes in such expectations and factors may imply that the actual result is materially different from current expectations. |
|---|
| RESULTS | **4Q24** **** | **23** |
| --- | --- |
|---|---|
| --- |
| RESULTS | **4Q24** **** | **24** |
| --- | --- |
| Exhibit I - CONSOLIDATED RESULTS > INCOME STATEMENT | ||||||
|---|---|---|---|---|---|---|
| R$ '000 | ||||||
| --- | --- | --- | --- | --- | --- | --- |
| Income Statement | 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% |
| OPERATING REVENUES | 6,019,164 | 5,567,698 | 8.1 | 22,651,036 | 21,479,468 | 5.5 |
| Electricity sales to final customers | 2,199,722 | 2,192,491 | 0.3 | 8,454,990 | 7,946,168 | 6.4 |
| Electricity sales to distributors | 819,135 | 864,078 | (5.2) | 3,120,628 | 3,602,788 | (13.4) |
| Use of the main distribution and transmission grid | 1,914,732 | 1,654,202 | 15.7 | 7,048,036 | 6,002,192 | 17.4 |
| Construction revenue | 641,824 | 587,660 | 9.2 | 2,550,809 | 2,333,787 | 9.3 |
| Fair value of assets from the indemnity for the concession | 32,957 | 20,269 | 62.6 | 82,424 | 62,167 | 32.6 |
| Result of Sectorial financial assets and liabilities | 272,095 | 91,494 | 197.4 | 838,280 | 971,203 | (13.7) |
| Other operating revenues | 138,699 | 157,504 | (11.9) | 555,869 | 561,163 | (0.9) |
| OPERATING COSTS AND EXPENSES | (5,152,337) | (4,445,091) | 15.9 | (18,867,990) | (18,092,563) | 4.3 |
| Electricity purchased for resale | (2,610,512) | (2,022,064) | 29.1 | (8,924,895) | (7,716,190) | 15.7 |
| Charge of the main distribution and transmission grid | (643,068) | (778,222) | (17.4) | (2,865,490) | (2,896,710) | (1.1) |
| Personnel and management | (224,172) | (316,642) | (29.2) | (1,081,797) | (1,878,332) | (42.4) |
| Pension and healthcare plans | (60,364) | (65,950) | (8.5) | (259,352) | (260,159) | (0.3) |
| Materials and supplies | (24,646) | (37,916) | (35.0) | (86,882) | (102,667) | (15.4) |
| Materials and supplies for power eletricity | - | - | - | (936) | (17,654) | (94.7) |
| Third-party services | (301,629) | (267,960) | 12.6 | (1,074,308) | (996,312) | 7.8 |
| Depreciation and amortization | (376,281) | (354,808) | 6.1 | (1,465,478) | (1,382,040) | 6.0 |
| Provisions and reversals | (117,147) | 112,537 | (204.1) | (345,102) | (92,235) | 274.2 |
| Construction cost | (620,867) | (585,226) | 6.1 | (2,522,908) | (2,319,720) | 8.8 |
| Other cost and expenses | (173,651) | (128,840) | 34.8 | (240,842) | (430,544) | (44.1) |
| EQUITY IN EARNINGS OF SUBSIDIARIES | 55,804 | 63,134 | (11.6) | 281,202 | 307,809 | (8.6) |
| PROFIT BEFORE FINANCIAL RESULTS AND TAXES | 922,631 | 1,185,741 | (22.2) | 4,064,248 | 3,694,714 | 10.0 |
| FINANCIAL RESULTS | (376,777) | (305,701) | 23.3 | (1,157,014) | (1,204,990) | (4.0) |
| Financial income | 327,550 | 272,666 | 20.1 | 1,184,779 | 1,069,116 | 10.8 |
| Financial expenses | (704,327) | (578,367) | 21.8 | (2,341,793) | (2,274,106) | 3.0 |
| OPERATIONAL EXPENSES/ INCOME | 545,854 | 880,040 | (38.0) | 2,907,234 | 2,489,724 | 16.8 |
| INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | 29,310 | (260,998) | (111.2) | (599,435) | (354,057) | 69.3 |
| Income tax and social contribution on profit | 30,151 | (73,700) | (140.9) | (177,999) | (371,104) | (52.0) |
| Deferred income tax and social contribution on profit | (841) | (187,298) | (99.6) | (421,436) | 17,047 | (2,572.2) |
| NET INCOME continuing operations | 575,164 | 619,042 | (7.1) | 2,307,799 | 2,135,667 | 8.1 |
| NET INCOME discontinued operations | - | 323,767 | - | 491,571 | 191,501 | - |
| NET INCOME | 575,164 | 942,809 | (39.0) | 2,799,370 | 2,327,168 | 20.3 |
| Attributed to the controlling company's shareholders - continuing operations | 586,506 | 637,261 | (8.0) | 2,345,941 | 2,158,077 | 8.7 |
| Attributed to the controlling company's shareholders - discontinued operations | - | 241,761 | (100.0) | 463,690 | 100,733 | 360.3 |
| Attributed to non-controlling shareholders- continuing operations | (11,342) | (5,240) | - | (26,800) | 873 | (3,169.9) |
| Attributed to non-controlling shareholders- discontinued operations | 69,027 | - | 16,539 | 67,485 | (75.5) | |
| EBITDA continued operations | 1,298,912 | 1,540,549 | (15.7) | 5,529,726 | 5,076,754 | 8.9 |
| Exhibit I - CONSOLIDATED RESULTS > BALANCE SHEET | ||||||
| --- | ||||||
| R'000 | R'000 | |||||
| --- | --- | --- | --- | --- | --- | |
| Assets | Dec-23 | Δ% | Liabilities | Dec-23 | Δ% | |
| CURRENT | 13,715,730 | (4.9) | CURRENT | 9,309,433 | 11.1 | |
| Cash and cash equivalents | 5,634,623 | (26.1) | Payroll, social charges and accruals | 927,538 | (55.7) | |
| Bonds and securities | 4,763 | (86.9) | Suppliers | 2,154,430 | 7.9 | |
| Collaterals and escrow accounts | 9 | - | Income tax and social contribution payable | 132,979 | (37.2) | |
| Customers | 3,761,170 | 5.4 | Other taxes due | 346,083 | (12.6) | |
| Dividends receivable | 95,569 | (13.9) | Loans and financing | 675,980 | 82.1 | |
| Sectorial financial assets | 15,473 | - | Debentures | 1,225,649 | 65.2 | |
| Account receivable related to concession | 9,354 | 13.4 | Minimum compulsory dividend payable | 464,147 | (99.2) | |
| Contract Assets | 284,616 | (0.3) | Post employment benefits | 85,833 | 11.1 | |
| Fair value in energy purchase and sale operations | 379,261 | (42.7) | Customer charges due | 61,466 | (27.1) | |
| Other current receivables | 570,471 | 66.5 | Research and development and energy efficiency | 320,196 | (44.1) | |
| Inventories | 174,726 | (22.0) | Accounts Payable related to concession | 101,976 | 10.9 | |
| Income tax and social contribution | 315,218 | (6.1) | Net sectorial financial liabilities | 476,103 | 96.5 | |
| Other current recoverable taxes | 943,343 | 5.4 | Lease liability | 49,742 | 15.6 | |
| Prepaid expenses | 62,869 | 0.5 | Fair value in energy purchase and sale operations | 321,646 | (33.2) | |
| Related parties | 1,336 | (53.5) | Other accounts payable | 537,810 | 123.0 | |
| Assets held for sale | 1,462,929 | 28.6 | PIS and COFINS to be refunded to costumers | 558,591 | - | |
| NON-CURRENT | 42,103,344 | 5.3 | Provision for allocation of Pis and Cofins credits | - | - | |
| Long Term Assets | 16,343,437 | (6.3) | Provisions for litigation | 336,000 | - | |
| Bonds and securities | 490,732 | 7.8 | Liabilities associated with assets held for sale | 533,264.0 | 1.5 | |
| Other temporary investments | 31,728 | (3.5) | NON-CURRENT | 22,317,974 | (4.1) | |
| Customers | 105,259 | 10.4 | Suppliers | - | - | |
| Judicial deposits | 634,712 | (37.9) | Deferred income tax and social contribution | 131,143 | 8.6 | |
| Sectoral financial assets | 15,473 | (100.0) | Other taxes due | 1,686,793 | 12.4 | |
| Account receivable related to concession | 2,809,901 | 24.5 | Loans and financing | 612,093 | (52.4) | |
| Contract Assets | 7,320,445 | (5.4) | Debentures | 4,667,237 | (27.4) | |
| Fair value in energy purchase and sale operations | 722,423 | (33.6) | Post employment benefits | 8,393,457 | 26.3 | |
| Other non-current receivables | 130,917 | 420.8 | Research and development and energy efficiency | 1,398,410 | (24.0) | |
| Income tax and social contribution | 68,003 | 141.2 | Accounts Payable related to concession | 233,478 | 3.3 | |
| Deferred income tax and social contribution | 1,757,688 | (33.2) | Net sectorial financial liabilities | 791,879 | 25.3 | |
| Other non-current recoverable taxes | 2,256,156 | (41.5) | Lease liability | 27,888 | - | |
| Investments | 3,511,797 | 1.9 | Fair value in energy purchase and sale operations | 220,700 | 22.8 | |
| Property, plant and equipment, net | 10,825,421 | (21.3) | Other accounts payable | 431,938 | (60.4) | |
| Intangible assets | 11,170,089 | 48.8 | PIS and COFINS to be refunded to costumers | 147,132 | 67.9 | |
| Right to use an asset | 252,600 | 22.3 | Provision for allocation of Pis and Cofins credits | 173,135 | - | |
| TOTAL | 55,819,074 | 2.8 | Provisions for litigation | 1,909,775 | (47.6) | |
| EQUITY | 1,492,916 | (35.9) | ||||
| Attributed to controlling shareholders | 24,191,667 | 6.0 | ||||
| Share capital | 23,886,153 | 7.5 | ||||
| Capital reserves | 12,821,758 | - | ||||
| Equity valuation adjustments | - | - | ||||
| Treasury shares | 307,050 | 68.5 | ||||
| Legal reserves | - | - | ||||
| Retained earnings | 1,625,628 | 8.6 | ||||
| Proposed additional dividend | 9,000,506 | 4.0 | ||||
| Accrued earnings | 131,211 | - | ||||
| Attributable to non-controlling interest | 305,514 | (112.4) | ||||
| TOTAL | 55,819,074 | 2.8 |
All values are in US Dollars.
| Exhibit I - CONSOLIDATED RESULTS > CASH FLOW | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| R$'000 | |||||||||
| --- | --- | --- | |||||||
| 12/31/24 | 12/31/23 | ||||||||
| CASH FLOWS FROM OPERATIONAL ACTIVITIES | |||||||||
| Net income from continuing operations | 2,307,799 | 2,135,667 | |||||||
| Adjustments to reconcile net income for the period with cash generation from operating activities: | 4,903,214 | 4,775,315 | |||||||
| Unrealized monetary and exchange variation and debt charges - net | 2,071,041 | 1,951,552 | |||||||
| Interest - bonus from the grant of concession agreements under the quota system | (120,800) | (114,370) | |||||||
| Remuneration of transmission concession contracts | (833,630) | (730,094) | |||||||
| Income tax and social contribution | 177,999 | 371,104 | |||||||
| Deferred income tax and social contribution | 421,436 | (17,047) | |||||||
| Equity in earnings of investees | (281,202) | (307,809) | |||||||
| Appropriation of post-employment benefits obligations | 257,711 | 267,741 | |||||||
| Creation for research and development and energy efficiency programs | 181,675 | 165,459 | |||||||
| Recognition of fair value of assets from the indemnity for the concession | (82,424) | (62,167) | |||||||
| Sectorial financial assets and liabilities result | (923,724) | (1,070,196) | |||||||
| Depreciation and amortization | 1,465,478 | 1,382,040 | |||||||
| Provision from the voluntary dismissal program | 18,306 | 610,057 | |||||||
| Long-term incentives | 5,595 | - | |||||||
| Net operating estimated losses, provisions and reversals | 345,102 | 92,235 | |||||||
| Realization of added value in business combinations | (722) | (722) | |||||||
| Fair value in energy purchase and sale operations | 36,604 | (5,045) | |||||||
| Loss on disposal of accounts receivable related to concession | 3,265 | 270 | |||||||
| Loss on disposal of contract assets | 14,496 | 16,728 | |||||||
| Loss on disposal of property, plant and equipment | 32,234 | 10,458 | |||||||
| Loss on disposal of intangible assets | 76,183 | 78,728 | |||||||
| Result of write-offs of use rights of assets and liabilities of leases - net | (4,774) | 726 | |||||||
| Assets disposal results | (264,434) | - | |||||||
| Decrease (increase) in assets | 817,908 | 98,706 | |||||||
| Trade accounts receivable | 602,196 | 188,437 | |||||||
| Dividends and interest on own capital received | 223,985 | 174,826 | |||||||
| Judicial deposits | 18,427 | 33,298 | |||||||
| Sectorial financial assets | 354,421 | 36,964 | |||||||
| Other receivables | (73,515) | (11,555) | |||||||
| Inventories | 38,402 | 18,741 | |||||||
| Income tax and social contribution recoverable | (295,650) | (201,003) | |||||||
| Other taxes recoverable | (50,731) | (138,520) | |||||||
| Prepaid expenses | (342) | (2,281) | |||||||
| Related parties | 715 | (201) | |||||||
| Increase (decrease) in liabilities | (518,406) | 486,682 | |||||||
| Payroll, social charges and accruals | (313,552) | 297,343 | |||||||
| Related parties | - | - | |||||||
| Suppliers | 72,730 | 19,506 | |||||||
| Other taxes | 882,575 | 974,083 | |||||||
| Post-employment benefits | (219,780) | (224,809) | |||||||
| Sectorial charges due | (16,641) | 14,978 | |||||||
| Research and development and energy efficiency | (336,956) | (255,295) | |||||||
| Payable related to the concession | (110,385) | (115,736) | |||||||
| Other accounts payable | (131,259) | 149,450 | |||||||
| Provisions for legal claims | (345,138) | (372,838) | |||||||
| CASH GENERATED BY OPERATING ACTIVITIES | 5,202,716 | 5,360,703 | |||||||
| Income tax and social contribution paid | (219,219) | (294,676) | |||||||
| Loans and financing - interest due and paid | (471,276) | (521,134) | |||||||
| Debentures - interest due and paid | (1,089,013) | (1,127,607) | |||||||
| Charges for lease liabilities paid | (33,292) | (24,284) | |||||||
| NET CASH GENERATED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS | 3,389,916 | 3,393,002 | |||||||
| NET CASH GENERATED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS | 3,620 | 125,474 | |||||||
| NET CASH GENERATED FROM OPERATING ACTIVITIES | 3,393,536 | 3,518,476 | |||||||
| CASH FLOWS FROM INVESTMENT ACTIVITIES | |||||||||
| Financial investments | (32,939) | (44,061) | |||||||
| Additions to contract assets | (2,174,902) | (1,973,215) | |||||||
| Acquisitions of subsidiaries - effect on cash | - | (911,450) | |||||||
| Sale of investments | 47,066 | 58,132 | |||||||
| Additions in investments | - | (10,780) | |||||||
| Capital reduction of investees | 37,129 | - | |||||||
| Additions to property, plant and equipment | (137,635) | (204,805) | |||||||
| Sale of property, plant and equipment | 11,440 | - | |||||||
| Additions to intangible assets | (4,098,286) | (13,388) | |||||||
| NET CASH USED BY INVESTMENT ACTIVITIES FROM CONTINUING OPERATIONS | (6,348,127) | (3,099,567) | |||||||
| NET CASH USED BY INVESTMENT ACTIVITIES FROM DISCONTINUED OPERATIONS | 608,713 | (35,524) | |||||||
| NET CASH USED FROM INVESTING ACTIVITIES | (5,739,414) | (3,135,091) | |||||||
| CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
| Issue of loans and financing | 5,051 | 45,325 | |||||||
| Transaction costs in the issuing of loans and financing | (1,693) | (6,886) | |||||||
| Issue of debentures | 3,920,000 | 2,900,000 | |||||||
| Transaction costs in the issuing of debentures | (60,623) | (60,677) | |||||||
| Payments of principal - loans and financing | (261,753) | (260,971) | |||||||
| Payments of principal - debentures | (1,079,912) | (1,193,910) | |||||||
| Amortization of principal of lease liabilities | (70,949) | (69,293) | |||||||
| Capital increase | - | 2,031,619 | |||||||
| Transaction costs in the capital increase | - | (14,941) | |||||||
| Buyback of own shares | (50,044) | ||||||||
| Dividends and interest on own capital paid | (1,586,565) | (750,371) | |||||||
| NET CASH GENERATED (USED) BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS | 813,512 | 2,619,895 | |||||||
| NET CASH GENERATED (USED) BY FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS | (9,656) | 76,677 | |||||||
| NET CASH GENERATED (USED) FROM FINANCING ACTIVITIES | 803,856 | 2,696,572 | |||||||
| TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS | (1,542,022) | 3,079,957 | |||||||
| Cash and cash equivalents at the beginning of the period | 5,634,623 | 2,678,457 | |||||||
| Cash and cash equivalents at the end of the period | 4,161,939 | 5,634,623 | |||||||
| Change in cash and cash equivalents from discontinued operations | (69,338) | 123,791 | |||||||
| CHANGE IN CASH AND CASH EQUIVALENTS | (1,542,022) | 3,079,957 | |||||||
| Exhibit I - CONSOLIDATED RESULTS > ADJUSTED EBITDA AND FINANCIAL RESULT | |||||||||
| --- | |||||||||
| R$'000 | |||||||||
| --- | --- | --- | --- | --- | --- | --- | |||
| 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% | ||||
| EBITDA | 1,298,912 | 1,540,547 | (15.7) | 5,529,726 | 5,076,756 | 8.9 | |||
| (-/+) Fair value in the purchase and sale of energy | 10,596 | (11,393) | (193.0) | 36,605 | (5,046) | (825.4) | |||
| (-/+) Impairment | 86,629 | (123,694) | (170.0) | 84,232 | (177,693) | (147.4) | |||
| (-/+) Provision (reversal) Incentive Dismissal Program | (82) | - | - | 18,388 | 610,057 | (97.0) | |||
| (-/+) Assets disposal | - | - | - | (264,434) | - | - | |||
| (-/+) Indemnity of adittional third of vacation bonus | - | - | - | - | 138,173 | - | |||
| (-/+) Hydrological Risk Renegotiation (GSF) - HPP Mauá | - | 26,405 | - | - | - | - | |||
| (-/+) Provisions for litigation | - | 51,119 | - | - | 51,119 | ||||
| (-/+) Ebitda from discontinued Op. Compagas and UEGA | - | 10,646 | - | 58,559 | 136,976 | (57.2) | |||
| Non-recurring adjusted | 97,143 | (46,917) | (307.1) | (66,650) | 753,586 | - | |||
| (-/+) Equity in earnings of subsidiaries | (55,804) | (63,134) | (11.6) | (281,202) | (307,809) | (8.6) | |||
| (-/+) NRV | (32,957) | (20,269) | 62.6 | (82,424) | (62,167) | 32.6 | |||
| (-/+) Revenue Adjustment TRA IFRS/Regulatory | (51,145) | 32,076 | (259.4) | 6,486 | 3,794 | 71.0 | |||
| Adjusted EBITDA without earnings of subsidiaries, NRV and IFRS effect | 1,256,149 | 1,442,303 | (531.2) | 5,105,936 | 5,464,160 | (6.6) | |||
| R$'000 | |||||||||
| 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% | ||||
| Financial Revenues | 327,550 | 272,666 | 20.1 | 1,184,779 | 1,069,116 | 10.8 | |||
| Income from investments held for trading | 200,776 | 173,232 | 15.9 | 738,229 | 540,672 | 36.5 | |||
| Late fees on electricity bills | 65,317 | 44,007 | 48.4 | 231,333 | 200,341 | 15.5 | |||
| Monetary restatement and adjustment to present value of accounts payable related to concession | - | - | - | 17,838 | 69,059 | (74.2) | |||
| Income from sectorial assets and liabilities | 3,238 | 7,040 | (54.0) | 44,033 | 62,795 | (29.9) | |||
| Exchange variation About Purchase Itaipu Electric Power | 4 | 3,047 | (99.9) | 2,629 | 17,073 | (84.6) | |||
| Interest on taxes to be compensated | 34,099 | 38,964 | (12.5) | 92,794 | 89,938 | 3.2 | |||
| Income and monetary restatement of judicial deposits | 6,135 | 13,700 | (55.2) | 32,859 | 55,092 | (40.4) | |||
| Other financial revenues | 32,206 | 4,325 | 644.6 | 74,252 | 75,660 | (1.9) | |||
| (-) Pis/Pasep and Cofins on revenues | (14,225) | (11,649) | 22.1 | (49,188) | (41,514) | 18.5 | |||
| Financial Expenses | (704,327) | (578,367) | 21.8 | (2,341,793) | (2,274,106) | 3.0 | |||
| Monetary variation, foreign exchange and debt service charges | (493,276) | (408,512) | 20.7 | (1,745,166) | (1,763,555) | (1.0) | |||
| Monetary variation and adjustment to present value of accounts payable related to concession | (59,389) | (38,990) | 52.3 | (167,296) | (140,214) | 19.3 | |||
| Exchange variation About Purchase Itaipu Electric Power | (20,616) | (2,820) | 631.1 | (40,616) | (10,605) | 283.0 | |||
| Pis/ Pasep and Cofins taxes over interest on equity | (58,797) | (30,497) | 92.8 | (86,609) | (101,251) | (14.5) | |||
| Income from sectorial assets and liabilities | (2,159) | (768) | 181.1 | (35,186) | (4,542) | 674.7 | |||
| Interest on R&D and PEE | (5,327) | (5,854) | (9.0) | (22,050) | (26,009) | (15.2) | |||
| Interest on tax installments | (4,681) | (8,563) | (45.3) | (25,791) | (39,569) | (34.8) | |||
| Interest on lease liabilities | (8,683) | (7,033) | 23.5 | (28,560) | (24,292) | 17.6 | |||
| Monetary variation of litigation | (25,976) | (77,715) | (66.6) | (96,964) | (77,715) | 24.8 | |||
| Other financial expenses | (8,481) | 1,865 | (554.7) | (50,228) | (27,836) | 80.4 | |||
| Uptade of provision for allocation of Pis and Cofins credits | (16,942) | 520 | (3,358.1) | (43,327) | (58,518) | (26.0) | |||
| Financial income (expenses) | (376,777) | (305,701) | 23.3 | (1,157,014) | (1,204,990) | (4.0) | |||
| Exhibit I - CONSOLIDATED RESULTS > EQUITY IN EARNINGS OF SUBSIDIARIES AND INDICATORS | |||||||||
| --- | |||||||||
| R$'000 | |||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | |
| Variation in Equity in earnings of subsidiaries | 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% | |||
| Joint Ventures | 50,054 | 57,819 | (13.4) | 261,419 | 285,808 | (8.5) | |||
| Voltalia São Miguel do Gostoso I Participações S.A. | (70) | 2,112 | (103.3) | (1,259) | 1,508 | (183.5) | |||
| Caiuá Transmissora de Energia S.A. | 3,528 | 2,854 | 23.6 | 12,641 | 12,263 | 3.1 | |||
| Integração Maranhense Transmissora de Energia S.A. | 4,259 | 4,873 | (12.6) | 18,623 | 24,218 | (23.1) | |||
| Matrinchã Transmissora de Energia (TP NORTE) S.A. | 13,763 | 12,728 | 8.1 | 79,117 | 77,493 | 2.1 | |||
| Guaraciaba Transmissora de Energia (TP SUL) S.A. | (4,006) | 4,933 | (181.2) | 31,193 | 30,871 | 1.0 | |||
| Paranaíba Transmissora de Energia S.A. | 8,418 | 6,617 | 27.2 | 29,908 | 36,269 | (17.5) | |||
| Mata de Santa Genebra Transmissão S.A. | 11,769 | 12,861 | (8.5) | 48,533 | 58,262 | (16.7) | |||
| Cantareira Transmissora de Energia S.A. | 12,310 | 10,799 | 14.0 | 42,448 | 44,563 | (4.7) | |||
| Solar Paraná | 83 | 42 | 97.6 | 215 | 361 | (40.4) | |||
| Associates | 5,750 | 5,315 | 8.2 | 19,783 | 22,001 | (10.1) | |||
| Dona Francisca Energética S.A. | 1,352 | 1,162 | 16.4 | 5,354 | 5,353 | 0.0 | |||
| Foz do Chopim Energética Ltda. | 4,398 | 4,155 | 5.8 | 14,431 | 16,651 | (13.3) | |||
| Carbocampel S.A. | - | (2) | - | (2) | (3) | (33.3) | |||
| TOTAL | 55,804 | 63,134 | (11.6) | 281,202 | 307,809 | (8.6) | |||
| R$'000 | |||||||||
| Main Indicators -Associates Dec-24 | Dona Francisca | Foz do Chopim | |||||||
| Total assets | 171,926 | 44,234 | |||||||
| Shareholder’s equity¹ | 150,801 | 42,346 | |||||||
| Net operating revenue | 66,349 | 53,431 | |||||||
| Net Income | 23,247 | 40,346 | |||||||
| Participation in the enterprise - % | 23.0 | 35.8 | |||||||
| Investment book value | 34,725 | 15,146 | |||||||
| R$'000 | |||||||||
| Main Indicators -Joint ventures<br><br>Dec-24 | Voltalia | Caiuá | Integração Maranhense | Matrinchã | Guaraciaba | Paranaíba | Mata de Santa Genebra | Cantareira | |
| Total assets | 237,464 | 347,626 | 598,513 | 3,017,103 | 1,622,959 | 2,097,314 | 3,747,356 | 1,831,108 | |
| Shareholder’s equity¹ | 237,191 | 283,055 | 437,699 | 2,100,405 | 1,056,969 | 1,280,022 | 1,387,326 | 993,714 | |
| Net operating revenue | - | 37,505 | 61,094 | 333,128 | 167,286 | 238,796 | 391,009 | 178,483 | |
| Net Income | (2,669) | 25,797 | 38,005 | 161,464 | 63,661 | 122,075 | 96,872 | 86,630 | |
| Participation in the enterprise - % | 49.0 | 49.0 | 49.0 | 49.0 | 49.0 | 24.5 | 50.1 | 49.0 | |
| Investment book value | 116,225 | 138,698 | 214,474 | 1,029,198 | 517,914 | 313,606 | 695,051 | 486,919 | |
| Note: Income from Transmitters according to adjustments for the application of CPC 47 / IFRS 15 in the Corporate Statements. | |||||||||
| Exhibit I - CONSOLIDATED RESULTS > SHARE CAPITAL | |||||||||
| --- | |||||||||
| Share Capital - As of December 31,2024 * | |||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Thousand shares | |||||||||
| Shareholders | Common | % | Preferred "A" | % | Preferred "B" | % | Special * | TOTAL | % |
| State of Paraná | 358,563 | 27.6% | - | - | 116,081 | 6.9% | <1 | 474,644 | 15.9% |
| BNDESPAR | 131,162 | 10.1% | - | - | 524,646 | 31.2% | - | 655,808 | 22.0% |
| Free Floating | 804,887 | 61.9% | 707 | 22.6% | 1,034,583 | 61.5% | - | 1,840,177 | 61.6% |
| B3 | 790,177 | 60.8% | 707 | 22.6% | 945,052 | 56.2% | - | 1,735,937 | 58.1% |
| NYSE | 14,501 | 1.1% | - | - | 87,883 | 5.2% | - | 102,384 | 3.4% |
| LATIBEX | 208 | 0.0% | - | - | 1,648 | 0.1% | - | 1,856 | 0.1% |
| Other | 3,113 | 0.2% | - | - | 4,025 | - | - | 9,558 | 0.3% |
| Treasury shares | 2,624 | 0.2% | 2,421 | 77.4% | 3,075 | 0.2% | - | 5,698 | 0.2% |
| TOTAL | 1,300,347 | 100% | 3,128 | 100% | 1,682,410 | 100% | <1 | 2,985,885 | 100% |
| * State of Paraná has a special class preferred share with veto power as established in the Statute. |
| Exhibit II- RESULT BY SUBSIDIARY > COPEL GET (CONSOLIDATED) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R$'000 | ||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | ||||||||
| Income Statement | 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% | ||||||||
| OPERATING REVENUES | 1,210,182 | 1,215,688 | (0.5) | 4,521,519 | 5,117,723 | (11.6) | ||||||||
| Electricity sales to distributors | 845,108 | 967,210 | (12.6) | 3,373,846 | 4,022,079 | (16.1) | ||||||||
| Use of the main transmission grid | 282,505 | 222,696 | 26.9 | 990,677 | 966,844 | 2.5 | ||||||||
| Construction revenue | 74,625 | 19,079 | - | 123,512 | 99,248 | 24.4 | ||||||||
| Other operating revenues | 7,944 | 6,703 | 18.5 | 33,484 | 29,552 | 13.3 | ||||||||
| OPERATING COSTS AND EXPENSES | (840,151) | (493,088) | 70.4 | (2,533,315) | (2,771,944) | (8.6) | ||||||||
| Electricity purchased for resale | (72,997) | (45,326) | 61.0 | (184,712) | (216,565) | (14.7) | ||||||||
| Charges of main distribution and transmission grid | (134,691) | (147,082) | (8.4) | (572,982) | (589,428) | (2.8) | ||||||||
| Personnel and management | (72,455) | (102,810) | (29.5) | (350,899) | (604,808) | (42.0) | ||||||||
| Pension and healthcare plans | (17,668) | (20,605) | (14.3) | (78,271) | (81,704) | (4.2) | ||||||||
| Materials and supplies | (6,078) | (11,454) | (46.9) | (20,635) | (26,246) | (21.4) | ||||||||
| Materials and supplies for power eletricity | - | - | - | (936) | (17,654) | (94.7) | ||||||||
| Third-party services | (83,963) | (68,661) | 22.3 | (285,977) | (269,711) | 6.0 | ||||||||
| Depreciation and amortization | (207,574) | (209,179) | (0.8) | (833,140) | (820,188) | 1.6 | ||||||||
| Provisions and reversals | (57,354) | 214,454 | - | (79,972) | 159,214 | - | ||||||||
| Construction cost | (53,666) | (16,646) | - | (95,610) | (85,181) | 12.2 | ||||||||
| Other cost and expenses | (133,705) | (85,779) | 55.9 | (30,181) | (219,673) | (86.3) | ||||||||
| EQUITY IN EARNINGS OF SUBSIDIARIES | 54,441 | 59,820 | (9.0) | 276,895 | 300,589 | (7.9) | ||||||||
| PROFIT BEFORE FINANCIAL RESULTS AND TAXES | 424,472 | 782,420 | (45.7) | 2,265,099 | 2,646,368 | (14.4) | ||||||||
| FINANCIAL RESULTS | (159,262) | (163,680) | (2.7) | (606,512) | (747,409) | (18.9) | ||||||||
| Financial income | 110,842 | 78,511 | 41.2 | 386,612 | 334,020 | 15.7 | ||||||||
| Financial expenses | (270,104) | (242,191) | 11.5 | (993,124) | (1,081,429) | (8.2) | ||||||||
| OPERATIONAL EXPENSES/ INCOME | 265,210 | 618,740 | (57.1) | 1,658,587 | 1,898,959 | (12.7) | ||||||||
| INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (15,865) | (101,978) | (84.4) | (333,246) | (264,614) | 25.9 | ||||||||
| Income tax and social contribution on profit | 10,337 | (58,592) | - | (164,455) | (247,136) | (33.5) | ||||||||
| Deferred income tax and social contribution on profit | (26,202) | (43,386) | (39.6) | (168,791) | (17,478) | - | ||||||||
| NET INCOME continuing operations | 249,344 | 516,762 | (51.7) | 1,325,341 | 1,634,345 | (18.9) | ||||||||
| NET INCOME discontinued operations | 282,281 | - | (18,377) | 66,176 | - | |||||||||
| NET INCOME | 249,344 | 799,043 | (68.8) | 1,306,964 | 1,700,521 | (23.1) | ||||||||
| Attributed to shareholders of the parent company - continuing operations | 249,345 | 523,341 | (52.4) | 1,333,697 | 1,651,036 | (19.2) | ||||||||
| Attributed to the controlling company's shareholders - discontinued operations | 15,147 | 167,900 | (91.0) | (11,586) | 30,134 | - | ||||||||
| Attributed to non-controlling shareholders | (15,147) | 107,802 | - | (15,147) | 19,351 | - | ||||||||
| EBITDA continuing operations | 632,046 | 991,599 | (36.3) | 3,098,239 | 3,466,556 | (10.6) | ||||||||
| Exhibit II- RESULT BY SUBSIDIARY > COPEL DIS | ||||||||||||||
| --- | ||||||||||||||
| R$'000 | ||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | ||||||||
| Income Statement | 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% | ||||||||
| OPERATING REVENUES | 4,474,387 | 4,016,174 | 11.4 | 17,030,454 | 15,085,707 | 12.9 | ||||||||
| Electricity sales to final customers | 1,718,368 | 1,613,874 | 6.5 | 6,554,157 | 5,663,429 | 15.7 | ||||||||
| Electricity sales to distributors | 10,988 | 24,369 | (54.9) | 94,923 | 164,825 | (42.4) | ||||||||
| Use of the main distribution grid | 1,745,700 | 1,550,506 | 12.6 | 6,520,003 | 5,468,715 | 19.2 | ||||||||
| Construction revenue | 567,201 | 568,580 | (0.2) | 2,427,298 | 2,234,539 | 8.6 | ||||||||
| Fair value of assets from the indemnity for the concession | 32,957 | 20,269 | 62.6 | 82,424 | 62,167 | 32.6 | ||||||||
| Sectorial assets and liabilities result | 272,095 | 91,494 | 197.4 | 838,280 | 971,203 | (13.7) | ||||||||
| Other operating revenues | 127,078 | 147,082 | (13.6) | 513,369 | 520,829 | (1.4) | ||||||||
| OPERATING COSTS AND EXPENSES | (3,884,468) | (3,552,826) | 9.3 | (15,048,163) | (13,983,117) | 7.6 | ||||||||
| Electricity purchased for resale | (2,086,300) | (1,585,200) | 31.6 | (7,308,796) | (6,074,752) | 20.3 | ||||||||
| Charges of main transmission grid | (615,211) | (743,458) | (17.3) | (2,729,154) | (2,715,273) | 0.5 | ||||||||
| Personnel and management | (122,301) | (191,156) | (36.0) | (636,853) | (1,174,906) | (45.8) | ||||||||
| Pension and healthcare plans | (39,761) | (42,400) | (6.2) | (168,977) | (167,533) | 0.9 | ||||||||
| Materials and supplies | (17,466) | (25,544) | (31.6) | (63,492) | (74,501) | (14.8) | ||||||||
| Third-party services | (200,020) | (176,368) | 13.4 | (719,122) | (643,999) | 11.7 | ||||||||
| Depreciation and amortization | (158,288) | (135,744) | 16.6 | (592,226) | (521,301) | 13.6 | ||||||||
| Provisions and reversals | (55,380) | (54,646) | 1.3 | (243,470) | (201,083) | 21.1 | ||||||||
| Construction cost | (567,201) | (568,580) | (0.2) | (2,427,298) | (2,234,539) | 8.6 | ||||||||
| Other cost and expenses | (22,540) | (29,730) | (24.2) | (158,775) | (175,230) | (9.4) | ||||||||
| PROFIT BEFORE FINANCIAL RESULTS AND TAXES | 589,919 | 463,348 | 27.3 | 1,982,291 | 1,102,590 | 79.8 | ||||||||
| FINANCIAL RESULTS | (144,303) | (144,134) | 0.1 | (525,920) | (475,102) | 10.7 | ||||||||
| Financial income | 148,220 | 115,304 | 28.5 | 516,031 | 479,944 | 7.5 | ||||||||
| Financial expenses | (292,523) | (259,438) | 12.8 | (1,041,951) | (955,046) | 9.1 | ||||||||
| OPERATIONAL EXPENSES/ INCOME | 445,616 | 319,214 | 39.6 | 1,456,371 | 627,488 | 132.1 | ||||||||
| INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (5,184) | (55,924) | (90.7) | (322,349) | (58,368) | 452.3 | ||||||||
| Income tax and social contribution on profit | - | (12,255) | (100.0) | - | (87,394) | - | ||||||||
| Deferred income tax and social contribution on profit | (5,184) | (43,669) | (88.1) | (322,349) | 29,026 | (1,210.6) | ||||||||
| NET INCOME (LOSS) | 440,432 | 263,290 | 67.3 | 1,134,022 | 569,120 | 99.3 | ||||||||
| EBITDA | 748,207 | 599,092 | 24.9 | 2,574,517 | 1,623,891 | 58.5 | ||||||||
| Exhibit II- RESULT BY SUBSIDIARY > COPEL DIS | ||||||||||||||
| --- | ||||||||||||||
| R$'000 | ||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | ||||||||
| OPERATING REVENUE | 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% | ||||||||
| Electricity sales to final customers | 2,151,103 | 1,964,152 | 9.5 | 7,982,401 | 6,781,115 | 17.7 | ||||||||
| Residential | 1,041,811 | 900,809 | 15.7 | 3,778,272 | 3,034,459 | 24.5 | ||||||||
| Industrial | 178,120 | 189,156 | (5.8) | 705,332 | 722,341 | (2.4) | ||||||||
| Commercial, service and other activities | 513,745 | 468,939 | 9.6 | 1,885,119 | 1,612,899 | 16.9 | ||||||||
| Rural | 218,159 | 198,810 | 9.7 | 833,499 | 691,173 | 20.6 | ||||||||
| Public Sector | 91,492 | 75,915 | 20.5 | 303,941 | 241,298 | 26.0 | ||||||||
| Street lightining | 53,556 | 48,641 | 10.1 | 195,188 | 181,555 | 7.5 | ||||||||
| Public Service | 54,220 | 81,882 | (33.8) | 281,050 | 297,390 | (5.5) | ||||||||
| Donations and subsidies | 329,217 | 228,648 | 44.0 | 1,156,197 | 881,629 | 31.1 | ||||||||
| Electricity sales to distributors | 11,614 | 25,624 | (54.7) | 99,686 | 172,283 | (42.1) | ||||||||
| Bilateral contracts | 3,614 | 5,716 | (36.8) | 20,085 | 20,888 | (3.8) | ||||||||
| Electricity Trading Chamber - CCEE | 8,000 | 19,908 | (59.8) | 79,601 | 151,395 | (47.4) | ||||||||
| Use of the main distribution grid | 3,121,688 | 2,854,833 | 9.3 | 11,996,486 | 10,200,538 | 17.6 | ||||||||
| Residential | 1,068,224 | 963,648 | 10.9 | 4,031,222 | 3,305,194 | 22.0 | ||||||||
| Industrial | 331,856 | 305,732 | 8.5 | 1,296,880 | 1,069,331 | 21.3 | ||||||||
| Commercial, service and other activities | 582,636 | 544,146 | 7.1 | 2,227,426 | 1,883,780 | 18.2 | ||||||||
| Rural | 227,214 | 214,242 | 6.1 | 906,835 | 779,668 | 16.3 | ||||||||
| Public Sector | 96,833 | 85,568 | 13.2 | 338,066 | 277,885 | 21.7 | ||||||||
| Street lightining | 52,101 | 52,394 | (0.6) | 204,238 | 202,439 | 0.9 | ||||||||
| Public Service | 48,103 | 66,944 | (28.1) | 242,492 | 246,560 | (1.6) | ||||||||
| Free Market | 673,695 | 582,231 | 15.7 | 2,585,784 | 2,295,051 | 12.7 | ||||||||
| Dealers and generators | 41,026 | 39,928 | 2.7 | 163,543 | 140,630 | 16.3 | ||||||||
| Construction Revenue | 567,201 | 568,580 | (0.2) | 2,427,298 | 2,234,539 | 8.6 | ||||||||
| Fair value of assets from the indemnity for the concession | 32,957 | 20,268 | 62.6 | 82,424 | 62,166 | 32.6 | ||||||||
| Sectorial assets and liabilities result | 299,830 | 100,820 | 197.4 | 923,725 | 1,070,196 | (13.7) | ||||||||
| Other operating income | 140,031 | 162,714 | (13.9) | 565,696 | 575,524 | (1.7) | ||||||||
| Leases and rentals | 129,714 | 118,345 | 9.6 | 533,760 | 456,918 | 16.8 | ||||||||
| Income from the provision of services | 1,721 | 2,500 | - | 5,417 | 7,119 | (23.9) | ||||||||
| Other income | 8,596 | 41,869 | - | 26,519 | 111,487 | (76.2) | ||||||||
| RECEITA OPERACIONAL BRUTA | 6,653,641 | 5,925,639 | 12.3 | 25,233,913 | 21,977,990 | 14.8 | ||||||||
| (-) Tributos e deduções | (2,179,254) | (1,909,465) | 14.1 | (8,203,459) | (6,892,283) | 19.0 | ||||||||
| (-) PIS/PASEP e COFINS | (478,430) | (423,381) | 13.0 | (1,793,824) | (1,584,509) | 13.2 | ||||||||
| (-) ICMS | (886,945) | (766,153) | 15.8 | (3,323,382) | (2,510,296) | 32.4 | ||||||||
| (-) Encargos Setoriais | (813,879) | (719,931) | 13.0 | (3,086,253) | (2,797,465) | 10.3 | ||||||||
| (-) ISS | - | - | - | - | (13) | - | ||||||||
| NET OPERATING REVENUES | 4,474,387 | 4,016,174 | 11.4 | 17,030,454 | 15,085,707 | 12.9 | ||||||||
| Exhibit II- RESULT BY SUBSIDIARY > COPEL COM (MERCADO LIVRE) | ||||||||||||||
| --- | ||||||||||||||
| R$'000 | ||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | ||||||||
| Income Statement | 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% | ||||||||
| OPERATING REVENUES | 978,083 | 1,279,343 | (23.5) | 3,568,463 | 4,056,904 | (12.0) | ||||||||
| Electricity sales to final customers | 481,613 | 555,071 | (13.2) | 1,902,157 | 2,284,271 | (16.7) | ||||||||
| Electricity sales to distributors | 495,853 | 688,188 | (27.9) | 1,663,023 | 1,761,200 | (5.6) | ||||||||
| Other operating revenues | 617 | 36,084 | (98.3) | 3,283 | 11,433 | (71.3) | ||||||||
| OPERATING COSTS AND EXPENSES | (1,004,464) | (1,217,362) | (17.5) | (3,553,557) | (3,948,286) | (10.0) | ||||||||
| Electricity purchased for resale | (1,001,634) | (1,211,291) | (17.3) | (3,524,688) | (3,908,484) | (9.8) | ||||||||
| Personnel and management | (3,310) | (3,472) | (4.7) | (14,462) | (21,133) | (31.6) | ||||||||
| Pension and healthcare plans | (416) | (458) | (9.2) | (1,737) | (1,877) | (7.5) | ||||||||
| Materials and supplies | (66) | (16) | 312.5 | (114) | (77) | 48.1 | ||||||||
| Third-party services | (350) | (479) | (26.9) | (4,603) | (3,389) | 35.8 | ||||||||
| Depreciation and amortization | (433) | (98) | 341.8 | (1,746) | (2,003) | (12.8) | ||||||||
| Provisions and reversals | 3,656 | (220) | (1,761.8) | (780) | (3,927) | (80.1) | ||||||||
| Other cost and expenses | (1,911) | (1,328) | 43.9 | (5,427) | (7,396) | (26.6) | ||||||||
| PROFIT BEFORE FINANCIAL RESULTS AND TAXES | (26,381) | 61,981 | (142.6) | 14,906 | 108,618 | (86.3) | ||||||||
| FINANCIAL RESULTS | 10,564 | 9,120 | 15.8 | 40,488 | 37,860 | 6.9 | ||||||||
| Financial income | 10,647 | 9,175 | 16.0 | 40,813 | 38,577 | 5.8 | ||||||||
| Financial expenses | (83) | (55) | 50.9 | (325) | (717) | (54.7) | ||||||||
| OPERATIONAL EXPENSES/ INCOME | (15,817) | 71,101 | (122.2) | 55,394 | 146,478 | (62.2) | ||||||||
| INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | 12,670 | (21,229) | (159.7) | (11,310) | (40,928) | (72.4) | ||||||||
| Income tax and social contribution on profit | 13,580 | (6,214) | (318.5) | (19,143) | (30,418) | (37.1) | ||||||||
| Deferred income tax and social contribution on profit | (910) | (15,015) | (93.9) | 7,833 | (10,510) | (174.5) | ||||||||
| NET INCOME (LOSS) | (3,147) | 49,872 | (106.3) | 44,084 | 105,550 | (58.2) | ||||||||
| EBITDA | (25,948) | 62,079 | (141.8) | 16,652 | 110,621 | (84.9) | ||||||||
| Exhibit II- RESULT BY SUBSIDIARY > INCOME STATEMENT FOR THE QUARTER BY COMPANY | ||||||||||||||
| --- | ||||||||||||||
| R'000 | ||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Income Statement 4Q24 | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | C. Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Elimination | Consolidated | |
| Transmissão | ||||||||||||||
| NET OPERATING INCOME | 334,044 | 4,474,387 | - | 24,206 | - | 3,240 | 151,844 | 143,158 | 9,240 | 31,682 | 978,083 | - | (682,509) | 6,019,164 |
| Electricity sales to final customers | - | 1,718,368 | - | - | - | - | - | - | - | - | 481,613 | - | (259) | 2,199,722 |
| Electricity sales to distributors | - | 10,988 | - | 24,110 | - | - | 150,184 | 143,156 | 9,240 | - | 495,853 | - | (556,925) | 819,135 |
| Use of the main distribution and transmission grid (T/ TUST) | 259,658 | 1,745,700 | - | - | - | - | - | - | - | 24,948 | - | - | (115,574) | 1,914,732 |
| Construction revenue | 67,896 | 567,201 | - | - | - | - | - | - | - | 6,727 | - | - | (1) | 641,824 |
| Fair value of assets from the indemnity for the concession | - | 32,957 | - | - | - | - | - | - | - | - | - | - | - | 32,957 |
| Distribution of piped gas | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Sectoral assets and liabilities result | - | 272,095 | - | - | - | - | - | - | - | - | - | - | - | 272,095 |
| Other operating revenues | 6,490 | 127,078 | - | 96 | - | 3,240 | 1,660 | 1 | - | 7 | 617 | - | (9,750) | 138,699 |
| OPERATING COSTS AND EXPENSES | (114,888) | (3,884,468) | - | (30,922) | - | (2,789) | (149,997) | (93,763) | (7,187) | (11,112) | (1,004,464) | (86,792) | 701,773 | (5,152,337) |
| Energy purchased for resale | - | (2,086,300) | - | (7,770) | - | - | (8,178) | (507) | (2,363) | - | (1,001,634) | - | 558,189 | (2,610,512) |
| Charges of the main distribution and transmission grid | - | (615,211) | - | (6,107) | - | - | (17,265) | (39,193) | (346) | - | - | - | 115,253 | (643,068) |
| Personnel and management | (28,359) | (122,301) | - | (1,225) | - | (136) | (3,276) | (455) | (124) | (142) | (3,310) | (24,746) | - | (224,172) |
| Private pension and health plans | (7,274) | (39,761) | - | (49) | - | (24) | (465) | (65) | (17) | (21) | (416) | (2,447) | - | (60,364) |
| Materials and supplies | (1,820) | (17,466) | - | (442) | - | - | (363) | (371) | (117) | - | (66) | (596) | 16 | (24,646) |
| Materials and supplies for power eletricity | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Natural gas and supplies for gas business | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Third-party services | (15,848) | (200,020) | - | (4,247) | - | (1,418) | (37,503) | (8,447) | (1,183) | (3,062) | (350) | (12,460) | 10,300 | (301,629) |
| Depreciation and amortization | (4,575) | (158,288) | - | (8,101) | - | (1,059) | (69,506) | (23,461) | (2,853) | (11) | (433) | (825) | (7,350) | (376,281) |
| Provisions and reversals | (11,886) | (55,380) | - | - | - | (147) | (508) | - | - | (1,461) | 3,656 | (34,239) | 26,425 | (117,147) |
| Construction cost | (47,488) | (567,201) | - | - | - | - | - | - | - | (6,177) | - | - | - | (620,867) |
| Other operating costs and expenses | 2,362 | (22,540) | - | (2,980) | - | (5) | (12,933) | (21,265) | (184) | (238) | (1,911) | (11,478) | (1,060) | (173,651) |
| EQUITY IN EARNINGS OF SUBSIDIARIES | 70,579 | - | - | - | - | - | (13,050) | - | - | - | - | 686,337 | (687,581) | 55,804 |
| EARNINGS BEFORE INCOME TAXES | 289,735 | 589,919 | - | (6,715) | - | 451 | (11,219) | 49,393 | 2,053 | 20,569 | (26,381) | 599,546 | (668,317) | 922,631 |
| FINANCIAL RESULTS | (56,158) | (144,303) | - | (50,590) | - | (1,134) | (25,651) | 4,727 | 1,317 | 1,509 | 10,564 | (32,048) | (5) | (376,777) |
| Financial income | 26,865 | 148,220 | - | 2,829 | - | 1,222 | 31,236 | 6,467 | 1,317 | 2,019 | 10,647 | 53,954 | (164) | 327,550 |
| Financial expenses | (83,023) | (292,523) | - | (53,419) | - | (2,356) | (56,887) | (1,740) | - | (509) | (83) | (86,002) | 159 | (704,327) |
| OPERATIONAL EXPENSES / INCOME | 233,577 | 445,616 | - | (57,305) | - | (683) | (36,866) | 54,120 | 3,370 | 22,079 | (15,817) | 567,498 | (668,322) | 545,854 |
| INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (9,524) | (5,184) | - | 19,497 | - | (818) | (16,822) | (16,220) | (738) | (1,663) | 12,670 | 19,008 | 2,399 | 29,310 |
| NET INCOME continuing operations | 224,133 | 440,432 | - | (37,808) | - | (1,501) | (53,691) | 37,899 | 2,632 | 20,417 | (3,147) | 586,506 | (665,923) | 575,164 |
| NET INCOME discontinued operations | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| NET INCOME | 224,133 | 440,432 | - | (37,808) | - | (1,501) | (53,691) | 37,899 | 2,632 | 20,417 | (3,147) | 586,506 | (665,923) | 575,164 |
| Attributed to shareholders of the parent company - continuing operations | 224,133 | 440,432 | - | (26,844) | - | (1,501) | (53,691) | 37,899 | 2,632 | 20,417 | (3,147) | 586,506 | (79,037) | 586,506 |
| Attributed to the controlling company's shareholders - discontinued operations | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Attributed to non-controlling shareholders - continuing operations | - | - | - | (10,964) | - | - | - | - | - | - | - | - | (378) | (11,342) |
| Attributed to non-controlling shareholders - discontinued operations | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA continuing operations | 294,310 | 748,207 | - | 1,386 | - | 1,510 | 58,291 | 72,854 | 4,906 | 20,580 | (25,948) | 600,371 | (660,967) | 1,298,912 |
| R'000 | ||||||||||||||
| Income Statement 4Q23 | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | C. Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Elimination | Consolidated | |
| Transmissão | ||||||||||||||
| NET OPERATING INCOME | 230,996 | 4,016,174 | 212,824 | 34,465 | - | - | 172,135 | 172,465 | 6,804 | 19,547 | 1,037,173 | - | (965,391) | 5,567,698 |
| Electricity sales to final customers | (6) | 1,613,874 | - | - | - | - | - | - | - | - | 579,008 | - | (391) | 2,192,491 |
| Electricity sales to distributors | - | 24,369 | - | 34,377 | - | - | 172,135 | 172,459 | 6,804 | - | 454,267 | - | (616,143) | 864,078 |
| Use of the main distribution and transmission grid (T/ TUST) | 205,764 | 1,550,506 | - | - | - | - | - | - | - | 19,503 | - | - | (121,571) | 1,654,202 |
| Construction revenue | 19,043 | 568,580 | 6,822 | - | - | - | - | - | - | 37 | - | - | (6,822) | 587,660 |
| Fair value of assets from the indemnity for the concession | - | 20,269 | - | - | - | - | - | - | - | - | - | - | - | 20,269 |
| Distribution of piped gas | - | - | 206,002 | - | - | - | - | - | - | - | - | - | (206,002) | - |
| Sectoral assets and liabilities result | - | 91,494 | - | - | - | - | - | - | - | - | - | - | - | 91,494 |
| Other operating revenues | 6,195 | 147,082 | - | 88 | - | - | - | 6 | - | 7 | 3,898 | - | (14,462) | 157,504 |
| OPERATING COSTS AND EXPENSES | (71,020) | (3,552,826) | (184,753) | (23,776) | 221,574 | (1,779) | (141,265) | (96,852) | (9,211) | (2,595) | (1,016,477) | (105,281) | 717,468 | (4,445,091) |
| Energy purchased for resale | (14,741) | (1,585,200) | - | (25) | (3,282) | - | (3,633) | - | - | - | (1,007,473) | - | 619,242 | (2,022,064) |
| Charges of the main distribution and transmission grid | - | (743,458) | - | (6,236) | (8,962) | - | (16,861) | (40,211) | (347) | - | - | - | 129,887 | (778,222) |
| Personnel and management | (41,749) | (191,156) | (10,421) | (1,176) | (1,770) | (47) | (5,555) | (773) | (305) | (256) | (3,670) | (17,783) | 12,191 | (316,642) |
| Private pension and health plans | (8,347) | (42,400) | (1,716) | (56) | (214) | (8) | (652) | (92) | (25) | (31) | (453) | (2,428) | 1,930 | (65,950) |
| Materials | (1,331) | (25,544) | (503) | (58) | (8) | (212) | (3,614) | (572) | (3,324) | (93) | (17) | (636) | 514 | (37,916) |
| Raw material and supplies - energy production | - | - | - | - | (428) | - | - | - | - | - | - | - | 428 | - |
| Natural gas and supplies for gas business | - | - | (145,206) | - | - | - | - | - | - | - | - | - | 145,206 | - |
| Third-party services | (13,199) | (176,368) | (3,764) | (3,913) | (5,010) | (1,212) | (30,613) | (4,718) | (2,253) | (1,760) | (502) | (18,326) | 20,894 | (267,960) |
| Depreciation and amortization | (4,182) | (135,744) | (10,781) | (8,467) | (5,156) | (211) | (68,883) | (32,037) | (2,718) | (10) | (440) | (767) | 8,588 | (354,808) |
| Provisions and reversals | 24,771 | (54,646) | (1,150) | - | 248,283 | - | 3,933 | (48) | (1) | (82) | (672) | (58,999) | (234,620) | 112,537 |
| Construction cost | (16,609) | (568,580) | (6,822) | - | - | - | - | - | - | (37) | - | - | 6,822 | (585,226) |
| Hydrological Risk Renegotiation (GSF) - HPP Mauá | - | - | - | - | - | - | - | - | - | - | - | - | - | (26,405) |
| Other operating costs and expenses | 4,367 | (29,730) | (4,390) | (3,845) | (1,879) | (89) | (15,387) | (18,401) | (238) | (326) | (3,250) | (6,342) | 6,386 | (102,435) |
| EQUITY IN EARNINGS OF SUBSIDIARIES | 72,987 | - | - | - | - | - | 15,070 | - | - | - | - | 812,988 | (883,823) | 63,134 |
| EARNINGS BEFORE INCOME TAXES | 232,963 | 463,348 | 28,071 | 10,689 | 221,574 | (1,779) | 45,940 | 75,613 | (2,407) | 16,952 | 20,696 | 707,707 | (1,131,746) | 1,185,740 |
| FINANCIAL RESULTS | (53,124) | (144,134) | (2,586) | (33,348) | (1,442) | (23) | (24,249) | 8,865 | 869 | 1,642 | 10,126 | 31,683 | (5,328) | (305,701) |
| Financial income | 12,903 | 115,304 | 11,687 | 4,647 | 602 | 138 | 30,901 | 9,039 | 876 | 2,233 | 10,579 | 69,812 | (21,645) | 272,666 |
| Financial expenses | (66,027) | (259,438) | (14,273) | (37,995) | (2,044) | (161) | (55,150) | (174) | (7) | (591) | (453) | (38,129) | 16,317 | (578,367) |
| OPERATIONAL EXPENSES / INCOME | 179,839 | 319,214 | 25,485 | (22,659) | 220,132 | (1,802) | 21,691 | 84,478 | (1,538) | 18,594 | 30,822 | 739,390 | (1,137,074) | 880,039 |
| INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (14,794) | (55,924) | 2,489 | 5,186 | 50,409 | - | (16,367) | (26,152) | (510) | (1,388) | (6,148) | (102,129) | (50,499) | (260,998) |
| NET INCOME continuing operations | 165,045 | 263,290 | 27,974 | (17,473) | 270,541 | (1,802) | 5,324 | 58,326 | (2,048) | 17,206 | 24,674 | 637,261 | (1,187,573) | 619,041 |
| NET INCOME discontinued operations | - | - | - | - | - | - | - | - | - | - | - | 241,762 | (85,895) | 323,767 |
| NET INCOME | 165,045 | 263,290 | 27,974 | (17,473) | 270,541 | (1,802) | 5,324 | 58,326 | (2,048) | 17,206 | 24,674 | 879,023 | (1,273,468) | 942,808 |
| Attributed to shareholders of the parent company - continuing operations | 165,045 | 263,290 | - | (12,231) | - | (1,802) | 5,324 | 58,326 | (2,048) | 17,206 | 24,674 | 805,160 | (1,043,981) | 637,260 |
| Attributed to the controlling company's shareholders - discontinued operations | - | - | 14,267 | - | 219,679 | - | - | - | - | - | - | 73,863 | (233,942) | 241,762 |
| Attributed to non-controlling shareholders - continuing operations | - | - | - | (5,241) | - | - | - | - | - | - | - | - | - | (5,241) |
| Attributed to non-controlling shareholders - discontinued operations | - | - | 13,707 | - | 50,862 | - | - | - | - | - | - | - | 4,455 | 69,027 |
| EBITDA continuing operations | 237,145 | 599,092 | 38,852 | 19,156 | 226,730 | (1,568) | 114,823 | 107,650 | 311 | 16,962 | 21,136 | 708,474 | (1,140,334) | 1,540,548 |
All values are in US Dollars.
| Exhibit II- RESULT BY SUBSIDIARY > INCOME STATEMENT BY COMPANY ACCUMULATED | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R'000 | ||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Income Statement 2024 | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | C. Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Elimination | Consolidated | |
| Transmissão | ||||||||||||||
| NET OPERATING INCOME | 1,058,810 | 17,030,454 | 562,129 | 91,418 | - | 6,333 | 694,437 | 560,074 | 35,834 | 91,424 | 3,568,463 | - | (3,188,432) | 22,651,036 |
| Electricity sales to final customers | - | 6,554,157 | - | - | - | - | - | - | - | - | 1,902,157 | - | (1,324) | 8,454,990 |
| Electricity sales to distributors | - | 94,923 | - | 90,944 | - | - | 688,627 | 560,064 | 35,834 | - | 1,663,023 | - | (2,102,387) | 3,120,628 |
| Use of the main distribution and transmission grid (T/ TUST) | 916,243 | 6,520,003 | - | - | - | - | - | - | - | 83,776 | - | - | (471,986) | 7,048,036 |
| Construction revenue | 115,891 | 2,427,298 | 13,618 | - | - | - | - | - | - | 7,620 | - | - | (13,619) | 2,550,809 |
| Fair value of assets from the indemnity for the concession | - | 82,424 | - | - | - | - | - | - | - | - | - | - | - | 82,424 |
| Distribution of piped gas | - | - | 548,511 | - | - | - | - | - | - | - | - | - | (548,511) | - |
| Sectoral assets and liabilities result | - | 838,280 | - | - | - | - | - | - | - | - | - | - | - | 838,280 |
| Other operating revenues | 26,676 | 513,369 | - | 474 | - | 6,333 | 5,810 | 9 | - | 28 | 3,283 | - | (50,605) | 555,869 |
| OPERATING COSTS AND EXPENSES | (288,076) | (15,048,162) | (503,515) | (102,299) | (44,679) | (7,129) | (605,320) | (354,251) | (22,151) | (18,454) | (3,553,557) | (253,352) | 3,206,939 | (18,867,990) |
| Energy purchased for resale | - | (7,308,796) | - | (10,698) | - | - | (55,266) | (10,066) | (4,354) | - | (3,524,688) | - | 2,104,278 | (8,924,895) |
| Charges of the main distribution and transmission grid | - | (2,729,154) | - | (24,833) | (18,392) | - | (66,944) | (158,426) | (1,379) | - | - | - | 489,250 | (2,865,490) |
| Personnel and management | (140,359) | (636,853) | (33,621) | (5,480) | (3,124) | (264) | (15,041) | (2,116) | (571) | (682) | (14,462) | (73,838) | 36,744 | (1,081,797) |
| Private pension and health plans | (31,938) | (168,977) | (4,083) | (173) | (364) | (45) | (2,248) | (318) | (85) | (104) | (1,737) | (10,149) | 4,447 | (259,352) |
| Materials and supplies | (5,638) | (63,492) | (416) | (681) | (18) | (16) | (2,959) | (1,553) | (204) | (72) | (114) | (1,946) | 442 | (86,882) |
| Materials and supplies for power eletricity | - | - | - | - | (944) | - | - | - | - | - | - | - | 944 | (936) |
| Natural gas and supplies for gas business | - | - | (397,554) | - | - | - | - | - | - | - | - | - | 397,554 | - |
| Third-party services | (53,830) | (719,122) | (10,650) | (16,845) | (9,842) | (3,951) | (134,210) | (35,633) | (3,446) | (7,650) | (4,603) | (47,658) | 67,697 | (1,074,308) |
| Depreciation and amortization | (17,025) | (592,226) | (27,146) | (32,333) | (10,316) | (2,788) | (276,172) | (119,234) | (11,393) | (44) | (1,746) | (3,245) | 8,064 | (1,465,478) |
| Provisions and reversals | (22,088) | (243,470) | (7,541) | - | (176) | (147) | (953) | (7) | (38) | (1,754) | (780) | (83,596) | 75,994 | (345,102) |
| Construction cost | (88,565) | (2,427,298) | (13,618) | - | - | - | - | - | - | (7,044) | - | - | 13,618 | (2,522,908) |
| Other operating costs and expenses | 71,367 | (158,775) | (8,887) | (11,256) | (1,503) | 82 | (51,527) | (26,899) | (681) | (1,104) | (5,427) | (32,919) | 7,907 | (240,842) |
| EQUITY IN EARNINGS OF SUBSIDIARIES | 340,016 | - | - | - | - | - | (23,053) | - | - | - | - | 2,512,087 | (2,630,613) | 281,202 |
| EARNINGS BEFORE INCOME TAXES | 1,110,750 | 1,982,291 | 58,613 | (10,881) | (44,679) | (796) | 66,048 | 205,821 | 13,683 | 72,969 | 14,906 | 2,258,736 | (2,612,106) | 4,064,248 |
| FINANCIAL RESULTS | (217,679) | (525,920) | (10,608) | (124,476) | (4,372) | (1,621) | (108,525) | 26,763 | 4,473 | 6,570 | 40,488 | 63,828 | 10,806 | (1,157,014) |
| Financial income | 81,741 | 516,031 | 29,114 | 32,223 | 1,068 | 3,285 | 133,184 | 28,941 | 4,428 | 8,636 | 40,813 | 211,411 | (37,149) | 1,184,779 |
| Financial expenses | (299,420) | (1,041,951) | (39,721) | (156,699) | (5,440) | (4,906) | (241,709) | (2,178) | 45 | (2,065) | (325) | (147,583) | 47,955 | (2,341,793) |
| OPERATIONAL EXPENSES / INCOME | 893,071 | 1,456,371 | 48,006 | (135,357) | (49,051) | (2,417) | (42,473) | 232,584 | 18,156 | 79,540 | 55,394 | 2,322,564 | (2,601,300) | 2,907,234 |
| INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (96,092) | (322,349) | (17,301) | 46,029 | - | (1,935) | (64,387) | (76,873) | (2,628) | (5,742) | (11,310) | 23,377 | 25,205 | (599,435) |
| NET INCOME continuing operations | 797,059 | 1,134,022 | 30,705 | (89,328) | (49,051) | (4,352) | (106,863) | 155,710 | 15,528 | 73,799 | 44,084 | 2,345,941 | (2,576,095) | 2,307,799 |
| NET INCOME discontinued operations | - | - | - | - | - | - | - | - | - | - | - | 463,690 | 39,467 | 491,571 |
| NET INCOME | 797,059 | 1,134,022 | 30,705 | (89,328) | (49,051) | (4,352) | (106,863) | 155,710 | 15,528 | 73,799 | 44,084 | 2,809,631 | (2,536,628) | 2,799,370 |
| Attributed to shareholders of the parent company - continuing operations | 797,059 | 1,134,022 | - | (62,528) | - | (4,352) | (106,863) | 155,710 | 15,528 | 73,799 | 44,084 | 2,334,356 | (2,571,512) | 2,345,941 |
| Attributed to the controlling company's shareholders - discontinued operations | - | 15,660 | - | (39,829) | - | - | - | - | - | - | 475,275 | 24,171 | 463,690 | |
| Attributed to non-controlling shareholders - continuing operations | - | - | - | (26,800) | - | - | - | - | - | - | - | - | - | (26,800) |
| Attributed to non-controlling shareholders - discontinued operations | - | - | 15,045 | - | (9,222) | - | - | - | - | - | - | - | 10,715 | 16,539 |
| EBITDA continuing operations | 1,127,775 | 2,574,517 | 85,759 | 21,452 | (34,363) | 1,992 | 342,224 | 325,055 | 25,076 | 73,013 | 16,652 | 2,261,981 | (2,620,170) | 5,529,726 |
| R'000 | ||||||||||||||
| Income Statement 2023 | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | C. Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Elimination | Consolidated | |
| Transmissão | ||||||||||||||
| NET OPERATING INCOME | 1,034,167 | 15,085,707 | 978,581 | 140,757 | - | - | 782,111 | 755,449 | 29,754 | 67,695 | 4,056,904 | - | (3,975,394) | 21,479,468 |
| Electricity sales to final customers | (6) | 5,663,429 | - | - | - | - | - | - | - | - | 2,284,271 | - | (1,532) | 7,946,168 |
| Electricity sales to distributors | - | 164,825 | - | 139,968 | - | - | 781,534 | 755,433 | 29,754 | - | 1,761,200 | - | (2,493,303) | 3,602,788 |
| Use of the main distribution and transmission grid (T/ TUST) | 908,902 | 5,468,715 | - | - | - | - | - | - | - | 67,969 | - | - | (443,394) | 6,002,192 |
| Construction revenue | 99,549 | 2,234,539 | 17,010 | - | - | - | - | - | - | (301) | - | - | (17,010) | 2,333,787 |
| Fair value of assets from the indemnity for the concession | - | 62,167 | - | - | - | - | - | - | - | - | - | - | - | 62,167 |
| Distribution of piped gas | - | - | 961,567 | - | - | - | - | - | - | - | - | - | (961,567) | - |
| Sectoral assets and liabilities result | - | 971,203 | - | - | - | - | - | - | - | - | - | - | - | 971,203 |
| Other operating revenues | 25,722 | 520,829 | 4 | 789 | - | - | 577 | 16 | - | 27 | 11,433 | - | (58,588) | 561,163 |
| OPERATING COSTS AND EXPENSES | (477,353) | (13,983,117) | (814,455) | (92,793) | 4,674 | (2,606) | (532,931) | (432,953) | (23,618) | (9,417) | (3,948,286) | (216,087) | 3,772,614 | (18,092,563) |
| Energy purchased for resale | (14,741) | (6,074,752) | - | (1,073) | (3,282) | - | (23,261) | (61,983) | (673) | - | (3,908,484) | - | 2,495,985 | (7,716,190) |
| Charges of the main distribution and transmission grid | - | (2,715,273) | - | (24,149) | (35,362) | - | (64,281) | (159,227) | (1,335) | - | - | - | 476,792 | (2,896,710) |
| Personnel and management | (246,379) | (1,174,906) | (43,201) | (4,991) | (6,381) | (62) | (18,779) | (3,036) | (1,306) | (1,014) | (21,133) | (72,432) | 49,582 | (1,878,332) |
| Private pension and health plans | (32,882) | (167,533) | (6,222) | (196) | (733) | (10) | (2,214) | (356) | (96) | (121) | (1,877) | (8,839) | 6,955 | (260,159) |
| Materials | (5,374) | (74,501) | (1,574) | (248) | (40) | (212) | (4,725) | (1,644) | (3,363) | (209) | (77) | (1,384) | 1,616 | (102,667) |
| Raw material and supplies - energy production | - | - | - | - | (1,459) | - | - | - | - | - | - | - | 1,459 | (17,654) |
| Natural gas and supplies for gas business | - | - | (678,885) | - | - | - | - | - | - | - | - | - | 678,885 | - |
| Third-party services | (49,586) | (643,999) | (13,861) | (16,355) | (21,096) | (1,594) | (117,604) | (32,052) | (4,589) | (6,671) | (3,389) | (65,775) | 84,437 | (996,312) |
| Depreciation and amortization | (16,167) | (521,301) | (41,148) | (33,863) | (21,588) | (1,668) | (259,228) | (127,732) | (11,201) | (40) | (2,003) | (3,017) | 35,028 | (1,382,040) |
| Provisions and reversals | (20,712) | (201,083) | (548) | - | 97,811 | - | 6,116 | (50) | (1) | (425) | (3,927) | (47,348) | (90,328) | (92,235) |
| Construction cost | (85,482) | (2,234,539) | (17,010) | - | - | - | - | - | - | 301 | - | - | 17,010 | (2,319,720) |
| Other operating costs and expenses | (6,030) | (175,230) | (12,006) | (11,918) | (3,196) | 940 | (48,955) | (46,873) | (1,054) | (1,238) | (7,396) | (17,292) | 15,193 | (430,544) |
| EQUITY IN EARNINGS OF SUBSIDIARIES | 347,703 | - | - | - | - | - | 86,058 | - | - | - | - | 2,332,609 | (2,763,930) | 307,809 |
| EARNINGS BEFORE INCOME TAXES | 904,517 | 1,102,590 | 164,126 | 47,964 | 4,674 | (2,606) | 335,238 | 322,496 | 6,136 | 58,278 | 108,618 | 2,116,522 | (2,966,710) | 3,694,714 |
| FINANCIAL RESULTS | (284,257) | (475,102) | (11,757) | (43,569) | 2,856 | (656) | (115,435) | 26,634 | 3,296 | 6,655 | 37,860 | 30,212 | (456) | (1,204,990) |
| Financial income | 57,636 | 479,944 | 36,559 | 90,509 | 9,803 | 497 | 133,035 | 27,294 | 3,304 | 9,286 | 38,577 | 145,881 | (69,705) | 1,069,116 |
| Financial expenses | (341,893) | (955,046) | (48,316) | (134,078) | (6,947) | (1,153) | (248,470) | (660) | (8) | (2,631) | (717) | (115,669) | 69,249 | (2,274,106) |
| OPERATIONAL EXPENSES / INCOME | 620,260 | 627,488 | 152,369 | 4,395 | 7,530 | (3,262) | 219,803 | 349,130 | 9,432 | 64,933 | 146,478 | 2,146,734 | (2,967,166) | 2,489,724 |
| INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (20,420) | (58,368) | (40,750) | (1,487) | 36,795 | - | (67,057) | (115,615) | (2,900) | (5,347) | (40,928) | 11,343 | 11,081 | (354,057) |
| NET INCOME continuing operations | 599,840 | 569,120 | 111,619 | 2,908 | 44,325 | (3,262) | 152,746 | 233,515 | 6,532 | 59,586 | 105,550 | 2,158,077 | (2,956,085) | 2,135,667 |
| NET INCOME discontinued operations | - | - | - | - | - | - | - | - | - | - | - | 100,733 | 60,634 | 191,501 |
| NET INCOME | 599,840 | 569,120 | 111,619 | 2,908 | 44,325 | (3,262) | 152,746 | 233,515 | 6,532 | 59,586 | 105,550 | 2,258,810 | (2,895,451) | 2,327,168 |
| Attributed to shareholders of the parent company - continuing operations | 599,840 | 569,120 | - | 2,036 | - | (3,262) | 152,746 | 233,515 | 6,532 | 59,586 | 105,550 | 2,188,210 | (2,806,993) | 2,158,077 |
| Attributed to the controlling company's shareholders - discontinued operations | - | - | 56,926 | - | 35,992 | - | - | - | - | - | - | 70,600 | (92,913) | 100,733 |
| Attributed to non-controlling shareholders - continuing operations | - | - | - | 873 | - | - | - | - | - | - | - | - | - | 873 |
| Attributed to non-controlling shareholders - discontinued operations | - | - | 54,693 | - | 8,333 | - | - | - | - | - | - | - | 4,455 | 67,485 |
| EBITDA continuing operations | 920,684 | 1,623,891 | 205,274 | 81,827 | 26,262 | (938) | 594,466 | 450,228 | 17,337 | 58,318 | 110,621 | 2,119,539 | (3,001,738) | 5,076,754 |
All values are in US Dollars.
| Exhibit II- RESULT BY SUBSIDIARY > ASSETS BY COMPANY | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R$'000 | ||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Assets - December -2024 | Geração e Transmissão | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Costa Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Eliminations | Consolidated |
| CURRENT | 3,478,566 | 6,769,769 | - | 124,996 | - | 48,889 | 1,119,406 | 146,365 | 60,415 | 106,590 | 916,049 | 3,264,843 | (2,994,084) | 13,041,808 |
| Cash and cash equivalents | 511,790 | 1,734,522 | - | 97,082 | - | 42,389 | 976,988 | 61,545 | 55,027 | 77,510 | 324,750 | 280,340 | (13) | 4,161,939 |
| Bonds and securities | - | - | - | - | - | 528 | 0 | - | - | - | - | 95 | - | 624 |
| Collaterals and escrow accounts | - | 9 | - | - | - | - | - | - | - | - | - | - | - | 9 |
| Customers | 379,135 | 3,267,284 | - | 10,752 | - | 3,795 | 94,192 | 76,636 | 4,118 | 8,750 | 348,795 | - | (230,755) | 3,962,702 |
| Dividends receivable | 153,322 | - | - | - | - | - | 8,393 | - | - | - | 0 | 2,644,431 | (2,723,868) | 82,278 |
| Sectorial financial assets | 10,609 | - | - | - | - | - | - | - | - | - | - | - | - | 10,609 |
| Account receivable related to concession | 265,846 | - | - | - | - | - | - | - | - | 18,050 | - | - | - | 283,896 |
| Contract Assets | - | - | - | - | - | - | - | - | - | - | 217,350 | - | - | 217,350 |
| Other current receivables | 90,679 | 541,676 | - | 3,210 | - | 74 | 4,084 | 6,595 | - | 549 | 8,561 | 301,929 | (7,680) | 949,674 |
| Inventories | 39,204 | 95,620 | - | 1,299 | - | - | - | - | - | 201 | - | - | - | 136,324 |
| Income tax and social contribution | 108,582 | 101,406 | - | 10,831 | - | 2,035 | 25,086 | 134 | 907 | 1,409 | 13,387 | 32,349 | - | 296,128 |
| Other current recoverable taxes | 10,626 | 979,880 | - | - | - | - | 80 | 1,035 | 8 | - | 2,990 | - | - | 994,618 |
| Prepaid expenses | 9,288 | 42,066 | - | 1,822 | - | 68 | 7,913 | 420 | 355 | 122 | 216 | 944 | - | 63,211 |
| Related parties | 17,664 | 7,306 | - | - | - | - | 2,670 | - | - | - | - | 4,754 | (31,773) | 621 |
| Assets held for sale | 1,881,821 | - | - | - | - | - | - | - | - | - | - | - | 5 | 1,881,826 |
| NON-CURRENT | 22,800,216 | 16,797,534 | - | 623,724 | - | 100,266 | 7,961,804 | 2,279,634 | 184,758 | 508,080 | 531,035 | 23,164,333 | (30,609,036) | 44,342,348 |
| Long Term Assets | 6,186,586 | 6,847,655 | - | 132,366 | - | 15,084 | 747,629 | 54,415 | - | 507,812 | 520,497 | 708,857 | (405,709) | 15,315,121 |
| Bonds and securities | 149,368 | 3,159 | - | - | - | - | 353,799 | 17,941 | - | 4,815 | - | - | - | 529,085 |
| Other temporary investments | - | - | - | - | - | 14,709 | - | - | - | - | - | 15,894 | - | 30,603 |
| Customers | - | 116,180 | - | - | - | - | - | - | - | - | - | - | - | 116,180 |
| Judicial deposits | 49,775 | 190,181 | - | - | - | 72 | 484 | - | - | 242 | 16,933 | 136,677 | - | 394,364 |
| Sectoral financial assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Account receivable related to concession | 886,620 | 2,610,731 | - | - | - | - | - | - | - | - | - | - | - | 3,497,351 |
| Contract Assets | 4,729,547 | 1,701,448 | - | - | - | - | - | - | - | 502,754 | - | - | (6,739) | 6,927,010 |
| Other non-current receivables | - | - | - | - | - | - | - | - | - | - | 479,938 | - | - | 479,938 |
| Income tax and social contribution | 276,590 | 65,322 | - | 6,954 | - | - | - | 34,860 | - | - | - | 298,120 | - | 681,846 |
| Deferred income tax and social contribution | 1,819 | 59,940 | - | - | - | - | - | - | - | - | 22,780 | 79,504 | - | 164,043 |
| Other non-current recoverable taxes | - | 918,078 | - | 119,561 | - | - | - | - | - | - | - | 136,536 | - | 1,174,175 |
| Prepaid expenses | 92,867 | 1,182,616 | - | - | - | 303 | 224 | 1,614 | - | - | 776 | 42,126 | - | 1,320,526 |
| Related parties | - | - | - | 5,851 | - | - | 393,122 | - | - | - | - | - | (398,970) | - |
| Investments | 10,104,390 | 442 | - | - | - | - | 2,698,723 | - | - | - | - | 22,431,868 | (31,657,485) | 3,577,937 |
| Property, plant and equipment, net | 3,160,968 | - | - | 317,388 | - | 80,590 | 4,462,642 | 306,000 | 180,931 | 229 | 702 | 7,248 | - | 8,516,697 |
| Intangible assets | 3,260,920 | 9,788,358 | - | 173,337 | - | 901 | 8,809 | 1,918,982 | 3,827 | 39 | 5,731 | 8,546 | 1,454,158 | 16,623,610 |
| Right to use an asset | 87,352 | 161,079 | - | 633 | - | 3,691 | 44,001 | 237 | - | - | 4,174 | 7,815 | - | 308,983 |
| TOTAL | 26,278,782 | 23,567,303 | - | 748,720 | - | 149,155 | 9,081,210 | 2,425,999 | 245,173 | 614,670 | 1,447,083 | 26,429,176 | (33,603,120) | 57,384,156 |
| Assets - December 2023 | Geração e Transmissão | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Costa Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Eliminations | Consolidated |
| CURRENT | 2,483,103 | 5,153,666 | 240,017 | 209,323 | 36,580 | 13,598 | 1,008,543 | 442,162 | 38,993 | 110,409 | 1,074,359 | 4,820,021 | (1,915,044) | 13,715,730 |
| Cash and cash equivalents | 1,008,767 | 626,708 | 101,437 | 166,544 | 22,354 | 3,290 | 831,553 | 353,241 | 34,999 | 83,343 | 294,762 | 2,231,413 | (123,788) | 5,634,623 |
| Bonds and securities | - | - | - | - | - | 4,670 | - | - | - | - | - | 93 | - | 4,763 |
| Collaterals and escrow accounts | - | 9 | 211 | - | - | - | - | - | - | - | - | - | (211) | 9 |
| Customers | 425,448 | 2,973,010 | 83,153 | 21,157 | - | - | 115,672 | 84,309 | 3,074 | 7,976 | 382,264 | - | (334,893) | 3,761,170 |
| Dividends receivable | 212,944 | - | - | - | - | - | 19,883 | - | - | - | - | 1,942,406 | (2,079,664) | 95,569 |
| Sectorial financial assets | - | 15,473 | - | - | - | - | - | - | - | - | - | - | - | 15,473 |
| Account receivable related to concession | 9,354 | - | - | - | - | - | - | - | - | - | - | - | - | 9,354 |
| Contract Assets | 268,260 | - | - | - | - | - | - | - | - | 16,356 | - | - | - | 284,616 |
| Other current receivables | 118,627 | 435,619 | 43,950 | 9,398 | 1 | 3,120 | 5,968 | 252 | - | 653 | 383,243 | 2,431 | (53,530) | 949,732 |
| Inventories | 37,923 | 131,927 | 5,383 | 264 | - | 16 | 4,375 | 16 | - | 205 | - | - | (5,383) | 174,726 |
| Income tax and social contribution | 150,720 | 1,259 | 5,326 | 10,217 | 13,909 | 1,937 | 19,316 | 2,586 | 491 | 1,644 | 13,516 | 113,532 | (19,235) | 315,218 |
| Other current recoverable taxes | 18,688 | 922,450 | 8 | - | - | 565 | 102 | 1,180 | 23 | - | 333 | - | (6) | 943,343 |
| Prepaid expenses | 11,334 | 37,807 | 549 | 1,743 | 316 | - | 8,631 | 578 | 406 | 232 | 241 | 1,897 | (865) | 62,869 |
| Related parties | 24,474 | 9,404 | - | - | - | - | 3,043 | - | - | - | - | 54 | (35,639) | 1,336 |
| NON-CURRENT | 196,564 | - | - | - | - | - | - | - | - | - | - | 528,195 | 738,170 | 1,462,929 |
| Long Term Assets | 20,868,273 | 16,677,461 | 783,607 | 594,827 | 386,787 | 49,078 | 8,125,742 | 452,885 | 196,589 | 491,174 | 750,631 | 20,538,876 | (27,812,586) | 42,103,344 |
| Bonds and securities | 5,886,631 | 8,229,821 | 73,274 | 83,192 | 98,157 | 593 | 609,417 | 18,922 | 224 | 490,861 | 740,114 | 611,187 | (498,956) | 16,343,437 |
| Other temporary investments | 136,591 | 1,005 | - | - | - | - | 330,401 | 16,388 | - | 4,410 | 1,937 | - | - | 490,732 |
| Customers | - | - | - | - | - | - | - | - | - | - | - | 31,728 | - | 31,728 |
| Judicial deposits | - | 105,259 | - | - | - | - | - | - | - | - | - | - | - | 105,259 |
| Sectoral financial assets | 94,368 | 380,433 | 61 | - | 41 | 593 | 81 | - | 218 | - | 15,647 | 143,371 | (101) | 634,712 |
| Account receivable related to concession | - | 15,473 | - | - | - | - | - | - | - | - | - | - | - | 15,473 |
| Contract Assets | 855,222 | 1,954,679 | - | - | - | - | - | - | - | - | - | - | - | 2,809,901 |
| Other non-current receivables | 4,639,497 | 2,201,958 | 44,039 | - | - | - | - | - | - | 486,451 | - | - | (51,500) | 7,320,445 |
| Income tax and social contribution | 81,646 | 44,839 | 29,174 | 2,507 | - | - | 44 | 1,859 | - | - | 722,423 | 18 | (29,170) | 853,340 |
| Deferred income tax and social contribution | 508 | 66,123 | - | 1,301 | - | - | - | - | - | - | 71 | - | - | 68,003 |
| Other non-current recoverable taxes | - | 1,324,670 | - | 73,533 | 73,066 | - | - | - | - | - | - | 359,485 | (73,066) | 1,757,688 |
| Prepaid expenses | 78,799 | 2,135,382 | - | - | 25,050 | - | 178 | 675 | 6 | - | 36 | 41,078 | (25,048) | 2,256,156 |
| Related parties | - | - | - | 5,851 | - | - | 278,713 | - | - | - | - | 35,507 | (320,071) | - |
| Investments | 8,629,485 | 443 | - | - | - | - | 2,788,839 | - | - | - | - | 19,906,237 | (27,813,207) | 3,511,797 |
| Property, plant and equipment, net | 5,259,216 | - | - | 326,291 | 288,602 | 43,881 | 4,676,981 | 318,527 | 191,085 | 247 | 770 | 8,424 | (288,603) | 10,825,421 |
| Intangible assets | 1,028,600 | 8,317,327 | 699,697 | 184,539 | 28 | 911 | 7,267 | 115,436 | 5,280 | 66 | 5,784 | 6,336 | 798,818 | 11,170,089 |
| Right to use an asset | 64,341 | 129,870 | 10,636 | 805 | - | 3,693 | 43,238 | - | - | - | 3,963 | 6,692 | (10,638) | 252,600 |
| TOTAL | 23,351,376 | 21,831,127 | 1,023,624 | 804,150 | 423,367 | 62,676 | 9,134,285 | 895,047 | 235,582 | 601,583 | 1,824,990 | 25,358,897 | (29,727,630) | 55,819,074 |
| Exhibit II- RESULT BY SUBSIDIARY > LIABILITIES BY COMPANY | ||||||||||||||
| --- | ||||||||||||||
| R$'000 | ||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Liabilities - December -24 | Geração e Transmissão | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Costa Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Eliminations | Consolidated |
| CURRENT | 5,107,929 | 5,979,105 | - | 114,110 | - | 11,151 | 655,490 | 153,431 | 5,495 | 29,976 | 878,302 | 404,699 | (2,997,302) | 10,342,381 |
| Social charges and accruals | 119,712 | 265,757 | - | 381 | - | - | - | - | - | - | 4,447 | 20,805 | - | 411,102 |
| Associated companies and parent company | 10,810 | 11,482 | - | - | - | 160 | 9,617 | 520 | 141 | 162 | 368 | 1,690 | (34,954) | - |
| Suppliers | 319,382 | 1,792,275 | - | 3,857 | - | 9,345 | 56,148 | 21,547 | 718 | 5,323 | 350,946 | 3,362 | (238,481) | 2,324,423 |
| Income Tax and Social Contribution payable | - | - | - | - | - | 457 | 9,548 | 72,506 | 368 | 602 | - | - | - | 83,482 |
| Other taxes | 24,925 | 252,462 | - | 736 | - | (24) | 7,382 | 5,255 | 177 | 362 | 10,462 | 614 | - | 302,346 |
| Loans and financing | 1,097,232 | 2,971 | - | - | - | - | 126,082 | - | - | 4,921 | - | - | - | 1,231,205 |
| Debentures | 1,056,707 | 908,720 | - | - | - | 1,192 | 58,491 | - | - | - | - | - | - | 2,025,110 |
| Dividends payable | 1,699,433 | 663,654 | - | - | - | - | 21,710 | 36,982 | 3,688 | 17,527 | 280,873 | 3,881 | (2,723,868) | 3,878 |
| Post employment benefits | 24,557 | 66,352 | - | - | - | - | - | - | - | - | 126 | 4,348 | - | 95,383 |
| Customer charges due | 19,940 | 23,598 | - | - | - | - | - | 855 | - | 432 | - | - | - | 44,825 |
| Research and development and energy efficiency | 13,567 | 161,074 | - | 104 | - | - | - | 3,827 | - | 577 | - | - | - | 179,149 |
| Payables related to concession | 4,686 | - | - | 106,333 | - | - | - | 2,073 | - | - | - | - | - | 113,092 |
| Sectorial financial liabilities | - | 935,322 | - | - | - | - | - | - | - | - | - | - | - | 935,322 |
| Other accounts payable | 13,697 | 41,959 | - | 284 | - | 21 | 571 | 186 | - | - | 180 | 604 | - | 57,502 |
| Fair value in energy purchase and sale operations | - | - | - | - | - | - | - | - | - | - | 214,955 | - | - | 214,955 |
| Other bills to pay | 161,869 | 273,479 | - | 2,415 | - | - | 365,940 | 9,682 | 403 | 69 | 15,945 | 369,395 | - | 1,199,195 |
| PIS and Cofins to be refunded to consumers | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Provision for allocation of Pis and Cofins credits | - | 580,000 | - | - | - | - | - | - | - | - | - | - | - | 580,000 |
| Provisions for litigation | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Liabilities associated with assets held for sale | 541,412 | - | - | - | - | - | - | - | - | - | - | - | - | 541,412 |
| NON-CURRENT | 6,931,439 | 9,922,614 | - | 760,550 | - | 74,736 | 3,145,692 | 86,163 | 3,221 | 38,654 | 280,154 | 349,758 | (188,137) | 21,404,840 |
| Social accruals | - | 30 | - | - | - | - | - | - | - | - | - | 427 | - | 457 |
| Associated companies and parent company | - | - | - | - | - | - | 389,891 | - | - | - | - | 5,851 | (395,742) | - |
| Suppliers | 142,376 | - | - | - | - | - | - | - | - | - | - | - | - | 142,380 |
| Deferred income tax and social contribution | 1,445,182 | - | - | 1,222 | - | 802 | 33,343 | 10,513 | 1,679 | 18,752 | 102,398 | - | 281,567 | 1,895,459 |
| Tax liabilities | - | 291,195 | - | - | - | - | - | - | - | - | - | - | - | 291,195 |
| Loans and financing | 566,724 | 750,733 | - | - | - | - | 2,054,424 | - | - | 15,708 | - | - | - | 3,387,589 |
| Debentures | 3,892,598 | 6,205,483 | - | - | - | 69,701 | 434,474 | - | - | - | - | - | - | 10,602,255 |
| Post-employment benefits | 304,420 | 718,933 | - | - | - | - | - | - | - | - | 2,342 | 37,631 | - | 1,063,326 |
| Research and development and energy efficiency | - | 234,277 | - | - | - | - | - | 6,488 | - | 529 | - | - | - | 241,294 |
| Payables related to the concession | 167,478 | - | - | 755,649 | - | - | - | 69,125 | - | - | - | - | - | 992,252 |
| Sectorial financial liabilities | - | 142,488 | - | - | - | - | - | - | - | - | - | - | - | 142,488 |
| Lease liability | 80,058 | 127,277 | - | 393 | - | 3,861 | 47,308 | 36 | - | - | 4,311 | 7,761 | - | 271,004 |
| Other payables | - | - | - | - | - | - | - | - | - | - | 170,837 | - | - | 170,837 |
| Fair value in energy purchase and sale operations | 53,364 | 6,275 | - | - | - | 369 | 184,203 | - | - | - | - | 90,966 | (88,156) | 247,021 |
| PIS/Cofins to be refunded to consumers | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Provision for allocation of PIS and COFINS | - | 1,000,588 | - | - | - | - | - | - | - | - | - | - | - | 1,000,588 |
| Provisions for litigation | 279,240 | 445,335 | - | 3,285 | - | - | 2,049 | - | 1,542 | 3,664 | 265 | 207,123 | 14,194 | 956,696 |
| EQUITY | 14,239,413 | 7,665,584 | - | (125,940) | - | 63,269 | 5,280,029 | 2,186,403 | 236,457 | 546,040 | 288,629 | 25,674,718 | (30,417,679) | 25,636,934 |
| Attributable to controlling shareholders | 14,239,413 | 7,665,584 | - | (125,940) | - | 63,269 | 5,280,029 | 2,186,403 | 236,457 | 546,040 | 288,629 | 25,674,718 | (30,379,896) | 25,674,717 |
| Capital | 6,242,757 | 5,372,206 | - | 35,503 | - | 78,785 | 5,186,230 | 2,009,509 | 223,913 | 275,161 | 237,210 | 12,821,758 | (19,661,293) | 12,821,758 |
| Advance for Future Capital Increase | 600,000 | - | - | - | - | - | 3,000 | - | - | - | - | - | (603,000) | - |
| Capital reserves | - | 166 | - | - | - | - | - | - | - | - | - | 5,595 | (166) | 5,595 |
| Asset valuation adjustments | 537,346 | (420) | - | 2,372 | - | 148 | - | - | - | - | (137) | 517,408 | (539,309) | 517,408 |
| Treasury shares | - | - | - | - | - | - | - | - | - | - | - | (50,044) | - | (50,044) |
| Legal Reserves | 1,027,643 | 391,901 | - | - | - | - | 53,090 | 65,950 | 1,479 | 31,639 | 30,275 | 1,766,110 | (1,601,979) | 1,766,110 |
| Profit retention reserve | 5,239,801 | 1,778,071 | - | - | - | - | 343,425 | - | - | 186,658 | - | 9,363,866 | (7,547,951) | 9,363,866 |
| Additional proposed dividends | 591,866 | 123,660 | - | - | - | - | 41,574 | 110,945 | 11,064 | 52,581 | 21,279 | 1,250,025 | (952,968) | 1,250,025 |
| Accumulated profit | - | - | - | (163,815) | - | (15,664) | (347,290) | - | - | - | - | - | 526,769 | - |
| Attributable to noncontrolling interests | - | - | - | - | - | - | - | - | - | - | - | - | (37,783) | (37,783) |
| TOTAL | 26,278,782 | 23,567,303 | - | 748,720 | - | 149,155 | 9,081,210 | 2,425,999 | 245,173 | 614,670 | 1,447,083 | 26,429,176 | (33,603,120) | 57,384,156 |
| R$'000 | ||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Liabilities - December-23 | Geração e Transmissão | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Costa Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Eliminations | Consolidated |
| CURRENT | 2,929,672 | 5,490,743 | 206,137 | 109,350 | 49,797 | 4,033 | 549,114 | 218,002 | 3,601 | 22,804 | 932,237 | 857,164 | (2,063,223) | 9,309,433 |
| Social charges and accruals | 290,601 | 597,160 | 9,452 | 369 | 702 | - | 64 | - | - | - | 8,736 | 30,608 | (10,154) | 927,538 |
| Associated companies and parent company | 5,967 | 11,950 | - | - | - | 54 | 30,356 | 865 | 238 | 286 | 379 | 1,841 | (51,933) | - |
| Suppliers | 318,600 | 1,605,111 | 58,010 | 3,984 | 5,684 | 3,754 | 68,712 | 23,045 | 586 | 976 | 381,520 | 4,529 | (320,085) | 2,154,430 |
| Income Tax and Social Contribution payable | - | - | 12,876 | 294 | - | - | 8,721 | 122,906 | 278 | 596 | - | 183 | (12,876) | 132,979 |
| Other taxes | 57,245 | 253,336 | 13,463 | 1,057 | 277 | 208 | 8,611 | 4,871 | 501 | 264 | 19,508 | 474 | (13,734) | 346,083 |
| Loans and financing | 174,260 | 375,135 | - | - | - | - | 120,930 | - | - | 5,656 | - | - | - | 675,980 |
| Debentures | 607,981 | 569,700 | 81,797 | - | - | - | 47,968 | - | - | - | - | - | (81,797) | 1,225,649 |
| Dividends payable | 1,274,433 | 460,904 | 24,314 | - | 43,134 | - | 40,397 | 55,460 | 1,552 | 14,151 | 185,341 | 464,147 | (2,099,687) | 464,147 |
| Post employment benefits | 22,124 | 59,742 | - | - | - | - | - | - | - | - | 125 | 3,842 | - | 85,833 |
| Customer charges due | 15,248 | 44,789 | - | - | - | - | - | 1,177 | - | 252 | - | - | - | 61,466 |
| Research and development and energy efficiency | 55,130 | 262,444 | - | 1,672 | - | - | - | 369 | - | 582 | - | - | - | 320,196 |
| Payables related to concession | 2,170 | - | - | 99,806 | - | - | - | - | - | - | - | - | - | 101,976 |
| Sectorial financial liabilities | - | 476,103 | - | - | - | - | - | - | - | - | - | - | - | 476,103 |
| Other accounts payable | 8,364 | 40,083 | 2,601 | 249 | - | 17 | 487 | - | - | - | 137 | 405 | (2,601) | 49,742 |
| Other bills to pay | 97,549 | 175,695 | 3,624 | 1,919 | - | - | 222,868 | 9,309 | 446 | 41 | 336,491 | 15,135 | (3,620) | 859,456 |
| PIS and Cofins to be refunded to consumers | - | 558,591 | - | - | - | - | - | - | - | - | - | - | - | 558,591 |
| Provisions for litigation | - | - | - | - | - | - | - | - | - | - | - | 336,000 | - | 336,000 |
| Assets held for sale | - | - | - | - | - | - | - | - | - | - | - | - | 533,264 | 533,264 |
| NON-CURRENT | 7,673,539 | 9,557,520 | 302,821 | 730,939 | 55,959 | 4,321 | 3,080,497 | 42,991 | 2,710 | 46,555 | 550,547 | 615,579 | (346,004) | 22,317,974 |
| Associated companies and parent company | - | - | - | - | 35,616 | - | 265,157 | - | - | - | - | 5,851 | (306,624) | - |
| Suppliers | 131,143 | - | - | - | - | - | - | - | - | - | - | - | - | 131,143 |
| Deferred income tax and social contribution | 1,207,009 | - | 21,319 | 1,465 | - | - | 24,244 | 35,267 | 865 | 18,733 | 109,736 | - | 268,156 | 1,686,793 |
| Tax liabilities | 60,756 | 546,184 | - | - | - | 589 | - | - | - | - | 534 | 4,030 | - | 612,093 |
| Loans and financing | 2,106,275 | 375,585 | - | - | - | - | 2,164,987 | - | - | 20,390 | - | - | - | 4,667,237 |
| Debentures | 3,160,977 | 4,750,476 | 202,405 | - | - | - | 482,004 | - | - | - | - | - | (202,405) | 8,393,457 |
| Post-employment benefits | 398,594 | 948,724 | 8,608 | - | 718 | - | - | - | - | - | 3,555 | 47,537 | (9,326) | 1,398,410 |
| Research and development and energy efficiency | - | 224,996 | - | - | 8,690 | - | - | 7,724 | - | 757 | - | - | (8,690) | 233,478 |
| Payables related to the concession | 62,990 | - | - | 728,889 | - | - | - | - | - | - | - | - | - | 791,879 |
| Sectorial financial liabilities | - | 27,888 | - | - | - | - | - | - | - | - | - | - | - | 27,888 |
| Lease liability | 60,761 | 99,138 | 8,972 | 585 | - | 3,732 | 45,781 | - | - | - | 4,022 | 6,681 | (8,972) | 220,700 |
| Other payables | 49,539 | 1,559 | 45,086 | - | - | - | 96,018 | - | - | 17 | 431,938 | 25,297 | (70,384) | 579,070 |
| PIS/Cofins to be refunded to consumers | - | 173,135 | - | - | - | - | - | - | - | - | - | - | - | 173,135 |
| Provision for allocation of PIS and Cofins credits | - | 1,909,775 | - | - | - | - | - | - | - | - | - | - | - | 1,909,775 |
| Provisions for litigation | 435,495 | 500,060 | 16,431 | - | 10,935 | - | 2,306 | - | 1,845 | 6,658 | 762 | 526,183 | (7,759) | 1,492,916 |
| EQUITY | 12,748,166 | 6,782,864 | 514,666 | (36,139) | 317,611 | 54,322 | 5,504,674 | 634,053 | 229,271 | 532,222 | 342,206 | 23,886,151 | (27,318,403) | 24,191,667 |
| Attributable to controlling shareholders | 12,748,166 | 6,782,864 | 514,666 | (36,139) | 317,611 | 54,322 | 5,504,674 | 634,053 | 229,271 | 532,222 | 342,206 | 23,886,151 | (27,623,917) | 23,886,153 |
| Capital | 6,242,757 | 5,372,206 | 220,966 | 35,503 | 425,662 | 16,685 | 5,157,938 | 409,509 | 223,913 | 275,161 | 237,210 | 12,821,758 | (18,617,510) | 12,821,758 |
| Advance for Future Capital Increase | - | - | - | - | - | 48,950 | 17,681 | - | - | - | - | - | (66,631) | - |
| Capital reserves | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity valuation adjustments | 498,183 | (163,951) | 983 | 2,844 | 442 | (1) | - | - | - | - | (1,097) | 307,049 | (337,403) | 307,050 |
| Legal Reserves | 961,538 | 335,200 | 44,193 | - | - | - | 55,133 | 58,164 | 703 | 27,949 | 28,071 | 1,625,628 | (1,510,951) | 1,625,628 |
| Profit retention reserve | 5,045,688 | 1,239,409 | 136,905 | - | - | - | 443,457 | - | - | 186,658 | 4,377 | 9,000,505 | (7,056,494) | 9,000,506 |
| Additional proposed dividends | - | - | - | - | - | - | 117,100 | 166,380 | 4,655 | 42,454 | 73,645 | 131,211 | (404,235) | 131,211 |
| Accumulated profit | - | - | 111,619 | (74,486) | (108,493) | (11,312) | (286,635) | - | - | - | - | - | 369,307 | - |
| Attributable to noncontrolling interests | - | - | - | - | - | - | - | - | - | - | - | - | 305,514 | 305,514 |
| TOTAL | 23,351,377 | 21,831,127 | 1,023,624 | 804,150 | 423,367 | 62,676 | 9,134,285 | 895,046 | 235,582 | 601,581 | 1,824,990 | 25,358,894 | (29,727,630) | 55,819,074 |
| Exhibit III - ENERGY MARKET> DISTRIBUTION AND TOTAL MARKET | ||||||||||||||
| --- | ||||||||||||||
| Copel’s Total Market | Number of Customers / Agreements | Energy Sold (GWh) | ||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |||||
| Dec-24 | Dec-23 | ∆% | 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% | ||||||
| Copel DIS | 5,184,588 | 5,098,389 | 1.7 | 5,890 | 5,668 | 3.9 | 23,176 | 22,645 | 2.3 | |||||
| Captive Market | 5,184,322 | 5,098,006 | 1.7 | 5,275 | 5,321 | (0.9) | 21,285 | 20,173 | 5.5 | |||||
| Concessionaries and Licensees | 2 | 2 | - | 13 | 23 | (43.5) | 80 | 89 | (10.3) | |||||
| CCEE (Assigments MCSD EN) | 264 | 381 | (30.7) | 532 | 75 | 609.3 | 1,134 | 247 | 358.9 | |||||
| CCEE (MVE) | - | - | - | - | - | - | - | - | - | |||||
| CCEE (MCP) ^2^ | - | - | - | 70 | 249 | (71.9) | 678 | 2,136 | (68.3) | |||||
| Copel GeT | 568 | 360 | 57.8 | 3,761 | 4,092 | (8.1) | 16,078 | 16,532 | (2.7) | |||||
| CCEAR (Copel DIS) | 4 | 3 | 33.3 | 33 | 31 | 6.5 | 127 | 122 | 4.1 | |||||
| CCEAR (other concessionaries) | 119 | 101 | 17.8 | 609 | 583 | 4.5 | 2,345 | 3,772 | (37.8) | |||||
| Free Customers | - | - | - | - | - | - | - | - | - | |||||
| Bilateral Agreements (Copel Mercado Livre) | 441 | 252 | 75.0 | 3,039 | 3,056 | (0.6) | 13,053 | 12,180 | 7.2 | |||||
| Bilateral Agreements ^1^ | 4 | 4 | - | 35 | 43 | (18.6) | 167 | 270 | (38.1) | |||||
| CCEE (MCP) ^2^ | - | - | - | 45 | 379 | (88.1) | 386 | 188 | 105.3 | |||||
| Wind Farms Complex | 624 | 565 | 10.4 | 1,241 | 1,159 | 7.0 | 4,529 | 4,382 | 3.3 | |||||
| 19 | 15 | 26.7 | 35 | 29 | 20.6 | 131 | 112 | 16.9 | ||||||
| CCEAR (other concessionaries) | 580 | 512 | 13.3 | 655 | 575 | 13.9 | 2,507 | 2,121 | 18.2 | |||||
| CER | 10 | 10 | - | 230 | 231 | (0.4) | 924 | 916 | 0.9 | |||||
| Bilateral Agreements (Copel Mercado Livre) | 4 | 8 | (50.0) | 137 | 148 | (7.4) | 453 | 598 | (24.2) | |||||
| Bilateral Agreements | 11 | 20 | (45.0) | 164 | 172 | (4.7) | 583 | 608 | (4.1) | |||||
| CCEE (MCP) ^2^ | - | - | - | 20 | 4 | 394.0 | (69) | 27 | - | |||||
| Copel Mercado Livre | 1,698 | 1,753 | (3.1) | 5,095 | 5,726 | (11.0) | 22,478 | 22,450 | 0.1 | |||||
| Free Customers | 1,529 | 1,620 | (5.6) | 2,583 | 3,022 | (14.5) | 10,565 | 11,884 | (11.1) | |||||
| Bilateral Agreements (Group Companies) | 7 | 24 | (70.8) | 216 | - | - | 820 | 398 | 106.0 | |||||
| Bilateral Agreements | 162 | 109 | 48.6 | 2,253 | 2,704 | (16.7) | 10,926 | 9,925 | 10.1 | |||||
| CCEE (MCP) ^2^ | - | - | - | 43 | - | - | 167 | 243 | (31.3) | |||||
| Total Copel | 5,187,478 | 5,101,067 | 1.7 | 15,987 | 16,645 | (4.0) | 66,261 | 66,009 | 0.4 | |||||
| Eliminations (operations with Group companies) | 3,460 | 3,204 | 8.0 | 14,264 | 13,587 | 5.0 | ||||||||
| Total Consolidated Copel | 12,527 | 13,441 | (6.8) | 51,997 | 52,422 | (0.8) | ||||||||
| Note: Not considering the energy from MRE (Energy Relocation Mechanism) and the energy from TPP Araucária sold in the CCEE Spot Market.<br><br>1 Includes Short Term Sales Agreements and CBR<br><br>2 Assured Power allocated in the period, after impact of the GSF.<br><br>CCEE: Electric Power Trade Chamber / CCEAR: Energy Purchase Agreements in the Regulated Market / MCP: Short Term Market / CER: Agreements Reserve Energy / MCSD EN - Mechanism for Compensation of Surpluses and Deficits of New Energy / MVE - MVE - Sale of energy to the free market through the Surplus Selling Mechanism. | ||||||||||||||
| Copel’s Dis Market | Number of Customers | Consumed Energy (GWh) | ||||||||||||
| Dec-24 | Dec-23 | Δ% | 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% | ||||||
| Residential | 4,300,335 | 4,212,397 | 2.1 | 2,510 | 2,400 | 4.6 | 9,887 | 8,888 | 11.2 | |||||
| Industrial | 68,970 | 69,134 | (0.2) | 3,294 | 3,098 | 6.3 | 12,790 | 12,292 | 4.1 | |||||
| Captive | 67,041 | 67,858 | (1.2) | 403 | 478 | (15.6) | 1,718 | 1,942 | (11.5) | |||||
| Free | 1,929 | 1,276 | 51.2 | 2,891 | 2,620 | 10.4 | 11,071 | 10,350 | 7.0 | |||||
| Commercial | 448,388 | 440,749 | 1.7 | 1,846 | 1,787 | 3.3 | 7,344 | 6,734 | 9.1 | |||||
| Captive | 445,899 | 439,039 | 1.6 | 1,195 | 1,202 | (0.6) | 4,782 | 4,520 | 5.8 | |||||
| Free | 2,489 | 1,710 | 45.6 | 651 | 585 | 11.4 | 2,562 | 2,215 | 15.7 | |||||
| Rural | 314,623 | 323,481 | (2.7) | 665 | 643 | 3.4 | 2,721 | 2,516 | 8.1 | |||||
| Captive | 314,508 | 323,408 | (2.8) | 605 | 598 | 1.2 | 2,507 | 2,352 | 6.6 | |||||
| Free | 115 | 73 | 57.5 | 60 | 45 | 33.3 | 214 | 165 | 30.0 | |||||
| Others | 56,908 | 55,316 | 2.9 | 660 | 644 | 2.5 | 2,566 | 2,480 | 3.5 | |||||
| Captive | 56,539 | 55,304 | 2.2 | 561 | 642 | (12.6) | 2,391 | 2,472 | (3.3) | |||||
| Free | 369 | 12 | 2,975.0 | 99 | 2 | - | 175 | 7 | - | |||||
| Total Captive Market | 5,184,322 | 5,098,006 | 1.7 | 5,275 | 5,321 | (0.9) | 21,285 | 20,173 | 5.5 | |||||
| Total Free Market | 4,902 | 3,071 | 59.6 | 3,701 | 3,251 | 13.8 | 14,022 | 12,737 | 10.1 | |||||
| Supply to Concessionaries | 7 | 7 | - | 250 | 242 | 3.3 | 1,002 | 940 | 6.6 | |||||
| Total Grid Market | 5,189,231 | 5,101,084 | 1.7 | 9,226 | 8,814 | 4.7 | 36,309 | 33,850 | 7.3 | |||||
| Micro and Mini Distributed Energy Generation | 411,888 | 312,817 | 31.7 | (755) | (549) | 37.5 | (2,614) | (1,828) | 43.0 | |||||
| Total Billed Market | 8,471 | 8,264 | 2.5 | 33,696 | 32,023 | 5.2 | ||||||||
| Exhibit III - ENERGY MARKET> TARIFFS | ||||||||||||||
| --- | ||||||||||||||
| Supply Tariff (R/MWh) | Dec/24 | Dec/24 | Δ% | Product Class* | Validity* | |||||||||
| --- | --- | --- | --- | --- | --- | --- | ||||||||
| Copel Geração e Transmissão | ||||||||||||||
| Auction CCEAR 2011 - 2040 ( HPP Mauá) | 301.48 | 288.50 | 4.5% | SP100 | 01.07.2020 | 31.12.2040 | ||||||||
| Auction CCEAR 2013 - 2042 (SHP Cavernoso II) | 326.44 | 313.24 | 4.2% | SP100 | 01.01.2018 | 31.12.2042 | ||||||||
| Auction - CCEAR 2015 - 2044 (HPP Colíder) | 229.84 | 220.13 | 4.4% | SP89 | 01.01.2019 | 31.12.2044 | ||||||||
| Auction - CCEAR 2018 - 2048 (HPP Baixo Iguaçu) | 239.95 | 228.94 | 4.8% | SP89 | 12.11.2018 | 11.11.2048 | ||||||||
| Auction - CCEAR 2024 - 2053 (SHP Bela Vista) | 262.14 | - | - | - | - | - | ||||||||
| Copel Distribuição | ||||||||||||||
| Concession holders in the State of Paraná | 282.75 | 273.04 | 3.6% | - | - | - | ||||||||
| Total / Tariff Weighted Average Supply | 261.76 | 238.12 | 9.9% | - | - | - | ||||||||
| Contains PIS and COFINS. Net of ICMS. | ||||||||||||||
| *GSF renegotiation<br> | ||||||||||||||
| Purchase Tariff - Copel Distribuição (R/MWh) | Dec/24 | Dec/24 | Δ% | |||||||||||
| Itaipu 1 | 240.42 | 216.61 | 11.0% | |||||||||||
| Auction – CCEAR 2010 – H30 | 313.22 | 301.38 | 3.9% | |||||||||||
| Auction – CCEAR 2010 – T15 2 | 68.96 | 255.25 | -73.0% | |||||||||||
| Auction – CCEAR 2011 – H30 | 322.93 | 310.73 | 3.9% | |||||||||||
| Auction – CCEAR 2011 – T15 2 | 217.09 | 289.40 | -25.0% | |||||||||||
| Auction – CCEAR 2012 – T15 2 | 253.04 | 219.31 | 15.4% | |||||||||||
| Auction – CCEAR 2016 – T20 2 | 229.47 | 93.01 | 146.7% | |||||||||||
| Angra | 336.32 | 337.00 | -0.2% | |||||||||||
| CCGF 3 | 166.85 | 158.89 | 5.0% | |||||||||||
| Santo Antônio | 200.41 | 192.84 | 3.9% | |||||||||||
| Jirau | 176.33 | 169.67 | 3.9% | |||||||||||
| Others Auctions 4 | 232.98 | 231.44 | 0.7% | |||||||||||
| Total / Average Purchuse Tariff | 219.68 | 214.16 | 2.6% | |||||||||||
| Contains PIS and COFINS | ||||||||||||||
| 1 Furnas transport charge not included. | ||||||||||||||
| 2 Average auction price restated according as bilateral payment to vendors. It does not include hiring effects recorded by the CCEE. | ||||||||||||||
| 3 Contract of quotas of assured power of those HPPs which concessions were extended pursuant the new rules of Law 12783/13. | ||||||||||||||
| 4 Products average price, does not include PROINFA. | ||||||||||||||
| *The table has been updated for all periods as new calculation methodology for average prices, a result of the 4th phase of the Public Hearing 78/2011 Aneel approved on 03.28.2016. | ||||||||||||||
| Retail Tariff - Copel Distribuição (R/MWh) | Dec/24 | Dec/24 | Δ% | |||||||||||
| Industrial | 544.13 | 555.58 | -2.1% | |||||||||||
| Residential | 512.65 | 551.81 | -7.1% | |||||||||||
| Commercial | 569.45 | 619.93 | -8.1% | |||||||||||
| Rural | 555.82 | 606.40 | -8.3% | |||||||||||
| Other | 594.97 | 462.82 | 28.6% | |||||||||||
| Retail Tariff supply average tariff | 594.01 | 618.52 | -4.0% | |||||||||||
| Demand average tariff (R/kW) | 40.28 | 38.24 | 5.3% | |||||||||||
| Does not consider tariff flags, Pis/Pasep and net of ICMS. |
All values are in US Dollars.
| Exhibit III - ENERGY MARKET> ELECTRICITY PURCHASED AND CHARGES | ||||||
|---|---|---|---|---|---|---|
| R$'000 | ||||||
| --- | --- | --- | --- | --- | --- | --- |
| Electricity Purchased for Resale | 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% |
| Purchase of energy in the regulated party - CCEAR | 999,964 | 925,266 | 8.1 | 4,009,747 | 3,658,852 | 9.6 |
| Itaipu Binacional | 243,319 | 252,378 | (3.6) | 950,389 | 980,302 | (3.1) |
| Câmara de Comercialização de Energia - CCEE | 382,395 | 79,778 | 379.3 | 832,656 | 431,303 | 93.1 |
| Micro and mini generators and customer repurchase | 526,275 | 346,162 | 52.0 | 1,726,602 | 1,125,857 | 53.4 |
| Proinfa | 84,988 | 93,763 | (9.4) | 337,978 | 370,495 | (8.8) |
| Bilateral Agreements | 582,104 | 547,379 | 6.3 | 1,849,268 | 1,998,640 | (7.5) |
| Fair value in the purchase and sale of energy | 10,595 | (6,347) | - | 36,604 | - | - |
| (-) PIS/Pasep and Cofins | (219,128) | (216,315) | 1.3 | (818,349) | (849,259) | (3.6) |
| TOTAL | 2,610,512 | 2,022,064 | 29.1 | 8,924,895 | 7,716,190 | 15.7 |
| R$'000 | ||||||
| Charges of the main distribution and transmission grid | 4Q24 | 4Q23 | Δ% | 2024 | 2023 | Δ% |
| Itaipu transportation charges | 40,872 | 55,063 | (25.8) | 193,897 | 188,817 | 2.7 |
| System Service Charges - ESS | 12,503 | 38,565 | (67.6) | 74,133 | 79,359 | (6.6) |
| System usage charges | 588,497 | 668,699 | (12.0) | 2,502,910 | 2,494,192 | 0.3 |
| Charge reserve energy - EER | 74,750 | 104,725 | (28.6) | 412,331 | 452,513 | (8.9) |
| Grid Use charges - Provisions | (44) | (85) | 10,857 | 11,595 | ||
| (-) PIS / Pasep and Cofins taxes on charges for use of power grid | (73,510) | (88,745) | (17.2) | (328,638) | (329,766) | (0.3) |
| TOTAL | 643,068 | 778,222 | (17.4) | 2,865,490 | 2,896,710 | (1.1) |
| Exhibit III - ENERGY MARKET> ENERGY BALANCE | ||||||
| --- | ||||||
| (average MW) | ||||||
| --- | --- | --- | --- | --- | --- | --- |
| Energy Balance - Copel GET - Dec-24 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
| Own Resources GeT | 2,084 | 2,067 | 2,072 | 2,076 | 2,083 | 2,075 |
| GeT ^(1)^ | 1,489 | 1,470 | 1,473 | 1,466 | 1,454 | 1,438 |
| GPS (CCGF) ^(2)^ | 73 | 73 | 73 | 73 | 73 | 73 |
| Bela Vista + FDA | 522 | 524 | 526 | 537 | 556 | 564 |
| Own Resources SPP and Wind Farm | 544 | 544 | 544 | 544 | 544 | 544 |
| Purchases | 94 | 112 | 19 | - | - | - |
| TOTAL OWN RESOURCES + SOLD | 2,722 | 2,723 | 2,635 | 2,620 | 2,627 | 2,619 |
| TOTAL SOLD | 2,379 | 2,370 | 2,047 | 1,778 | 1,378 | 1,085 |
| Sales (Regulated) | 766 | 781 | 781 | 781 | 780 | 781 |
| Sales (Regulated) % | 28% | 29% | 30% | 30% | 30% | 30% |
| Sales (Free Market) | 1,613 | 1,589 | 1,266 | 997 | 598 | 304 |
| Sales (Free Market) % | 60% | 59% | 49% | 38% | 23% | 12% |
| Total Available | 342 | 353 | 588 | 841 | 1247 | 1533 |
| Total Available (%) | 12% | 12% | 21% | 32% | 47% | 58% |
| Avarege price of energy sold (R$) | 178.72 | 174.03 | 179.61 | 182.68 | 196.14 | 212.03 |
| Reference: December/24 | ||||||
| Note: Considers Assured Power updated by Order No. 2.107/2023, of 23.03.2023, for: FDA, Segredo and Salto Caxias. | ||||||
| (1) Includes Mauá and Baixo Iguaçu Power Plants (proportional to the stake in the project) and GPS 30% (ex-CCGF). Does not include Elejor and Foz do Chopim. | ||||||
| (2) GPS 70% (quota regime). | ||||||
| (3) Does not include Voltália Wind Complex. | ||||||
| (3) Average gross energy price (with PIS/COFINS and without ICMS). The GPS CCGF RAG is not considered in the calculation of average prices. |
| Exhibit III - ENERGY MARKET> WIND POWER PRICES | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wind Farms - Sold | Auction ¹ | Price (R$)² | Certification | Amount<br><br>MW average/year | Start of Supply | End of <br><br>Supply | ||||||
| --- | --- | --- | --- | --- | --- | --- | ||||||
| São Bento Energia, Invest. e Part. S.A. | ||||||||||||
| GE Boa Vista S.A. | 2º LFA<br><br>(08/26/2010) | 313.31 | P50 | 5.70 | 01.01.2013 | 12.31.2032 | ||||||
| GE Farol S.A. | 304.18 | P50 | 9.10 | |||||||||
| GE Olho D’Água S.A. | 304.18 | P50 | 14.90 | |||||||||
| GE São Bento do Norte S.A. | 304.18 | P50 | 14.00 | |||||||||
| Copel Brisa Potiguar S.A. | ||||||||||||
| Nova Asa Branca I Energias Renováveis S.A. | 2º LFA<br><br>(08/26/2010) | 307.43 | P50 | 13.20 | 01.01.2013 | 12.31.2032 | ||||||
| Nova Asa Branca II Energias Renováveis S.A. | 307.43 | P50 | 12.80 | |||||||||
| Nova Asa Branca III Energias Renováveis S.A. | 307.43 | P50 | 12.50 | |||||||||
| Nova Eurus IV Energias Renováveis S.A. | 307.43 | P50 | 13.70 | |||||||||
| Santa Maria Energias Renováveis S.A. | 4º LER<br><br>(08/18/2011) | 216.66 | P50 | 15.70 | 07.01.2014 | 06.30.2034 | ||||||
| Santa Helena Energias Renováveis S.A. | 216.66 | P50 | 16.00 | |||||||||
| Ventos de Santo Uriel S.A. | 214.98 | P50 | 9.00 | |||||||||
| Cutia | ||||||||||||
| UEE Cutia S.A. | 6º LER<br><br>(10/31/2014) | 254.85 | P90 | 9.60 | 10.01.2017 | 09.30.2037 | ||||||
| UEE Esperança do Nordeste S.A. | 254.85 | P90 | 9.10 | |||||||||
| UEE Guajiru S.A. | 254.85 | P90 | 8.30 | |||||||||
| UEE Jangada S.A. | 254.85 | P90 | 10.30 | |||||||||
| UEE Maria Helena S.A. | 254.85 | P90 | 12.00 | |||||||||
| UEE Paraíso dos Ventos do Nordeste S.A. | 254.85 | P90 | 10.60 | |||||||||
| UEE Potiguar S.A. | 254.85 | P90 | 11.30 | |||||||||
| Bento Miguel | ||||||||||||
| CGE São Bento do Norte I S.A. | 20ª LEN<br><br>(11/28/2014) | 241.40 | P90 | 9.70 | 01.01.2019 | 12.31.2038 | ||||||
| CGE São Bento do Norte II S.A. | 241.40 | P90 | 10.00 | |||||||||
| CGE São Bento do Norte III S.A. | 241.40 | P90 | 9.60 | |||||||||
| CGE São Miguel I S.A. | 241.40 | P90 | 8.70 | |||||||||
| CGE São Miguel II S.A. | 241.40 | P90 | 8.40 | |||||||||
| CGE São Miguel III S.A. | 241.40 | P90 | 8.40 | |||||||||
| Vilas | ||||||||||||
| Vila Ceará I (Antiga Vila Paraíba IV) | 28ª LEN <br><br>(08/31/2018) | 129.80 | P90 | 8.20 | 01.01.2024 | 12.31.2043 | ||||||
| Vila Maranhão I | 129.80 | P90 | 8.30 | |||||||||
| Vila Maranhão II | 129.80 | P90 | 8.30 | |||||||||
| Vila Maranhão III (Antiga Vila Paraíba III) | 129.80 | P90 | 8.20 | |||||||||
| Vila Mato Grosso (Antiga Vila Alagoas III) | 29ª LEN<br><br>(06/28/2019) | 108.28 | P90 | 3.30 | 01.01.2023 | 12.31.2042 | ||||||
| Jandaira | ||||||||||||
| Jandaira I | 30ª LEN <br><br>(10/18/2019) | 132.42 | P90 | 1.60 | 01.01.2025 | 12.31.2044 | ||||||
| Jandaira II | 132.42 | P90 | 4.10 | |||||||||
| Jandaira III | 132.42 | P90 | 4.40 | |||||||||
| Jandaira IV | 132.42 | P90 | 4.30 | |||||||||
| Aventura | ||||||||||||
| Aventura II | 26º LEN<br><br>(20/12/2017) | 139.98 | P90 | 11.70 | 01.01.2023 | 12.31.2042 | ||||||
| Aventura III | 139.98 | P90 | 12.80 | |||||||||
| Aventura IV | 139.98 | P90 | 14.10 | |||||||||
| Aventura V | 139.98 | P90 | 15.00 | |||||||||
| Santa Rosa & Mundo Novo | ||||||||||||
| Santa Rosa & Mundo Novo I | 26º LEN<br><br>(20/12/2017) | 142.87 | P90 | 16.50 | 01.01.2023 | 12.31.2042 | ||||||
| Santa Rosa & Mundo Novo II | 142.87 | P90 | 17.00 | |||||||||
| Santa Rosa & Mundo Novo III | 142.87 | P90 | 18.00 | |||||||||
| Santa Rosa & Mundo Novo IV | 142.87 | P90 | 7.50 | |||||||||
| Santa Rosa & Mundo Novo V | 142.87 | P90 | 8.10 | |||||||||
| Voltália^3^ | ||||||||||||
| Carnaúbas | 04ª LER<br><br>(08/18/2011) | 210.16 | - | 13.10 | 07.01.2014 | 06.30.2034 | ||||||
| Reduto | 210.16 | - | 13.90 | |||||||||
| Santo Cristo | 210.16 | - | 14.80 | |||||||||
| São João | 210.16 | - | 14.30 | |||||||||
| ¹LFA - Alternative Sources Auction/LER - Reserve Energy Auction/LEN - New Energy Auction. | ||||||||||||
| ² Price updated by IPCA until Nov/24 (Reference Dez/24). Source: CCEE | ||||||||||||
| ^3^Values presented refer to 100% of the Complex. Copel has a 49% stake in the project. | ||||||||||||
| Exhibit III - ENERGY MARKET> ENERGY FLOW | ||||||||||||
| --- | ||||||||||||
| GWh | ||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Energy Flow | COPEL DIS | COPEL GET + FDA + BELA VISTA | EÓLICAS | COPEL COM | ELIMINAÇÕES | CONSOLIDADO | ||||||
| 4T24 | 4T23 | 4T24 | 4T23 | 4T24 | 4T23 | 4T24 | 4T23 | 4T24 | 4T23 | 4T24 | 4T23 | |
| Own Generation | 5,833 | 6,995 | 1,031 | 1092 | 6,864 | 8,087 | ||||||
| Purchased energy | 6,004 | 6,122 | 217 | 151 | 56 | 5,095 | 5,726 | 3,457 | 3,264 | 7,915 | 8,735 | |
| Copel Comercialização | 160 | 56 | 216 | |||||||||
| Companies of the group | 65 | 60 | 3,176 | 3,204 | 3,241 | 3,264 | ||||||
| Itaipu | 1,146 | 1,200 | 0 | 1,146 | 1,200 | |||||||
| Auction – CCEAR | 3,332 | 3,352 | 0 | 3,332 | 3,352 | |||||||
| CCEE (MCP) | 128 | 6 | 128 | 6 | ||||||||
| Angra | 215 | 220 | 215 | 220 | ||||||||
| CCGF | 1,000 | 1,159 | 1,000 | 1,159 | ||||||||
| Proinfa | 105 | 113 | 105 | 113 | ||||||||
| Other (1) | 13 | 18 | 1,919 | 2,504 | 1,932 | 2,522 | ||||||
| Elejor | 12 | 12 | ||||||||||
| Dona Francisca | 34 | 34 | 34 | 34 | ||||||||
| MRE Receipt | 23 | 117 | 23 | 117 | ||||||||
| Avaiable | 6,004 | 6,122 | 6,050 | 7,146 | 1,087 | 1092 | 5,095 | 5,726 | 3,457 | 3,264 | 14,779 | 16,822 |
| Captive Market | 5,275 | 5,321 | 5,275 | 5,321 | ||||||||
| Concessionaires (2) | 13 | 23 | 13 | 23 | ||||||||
| CCEE concessionaire supply (3) | 35 | 43 | 35 | 43 | ||||||||
| CCEE (MCSD EN Assignments) (4) | 532 | 75 | 532 | 75 | ||||||||
| CCEE (MVE) (5) | ||||||||||||
| CCEE (MCP) (6) | 70 | 249 | 45 | 379 | 20 | 5 | 43 | 0 | 178 | 633 | ||
| Free Customers | 2,583 | 3,022 | 2,583 | 3,022 | ||||||||
| Bilateral Agreements | 164 | 172 | 2,253 | 2,704 | 2,417 | 2,876 | ||||||
| Auction – CCEAR (7) | 609 | 583 | 655 | 575 | 1,264 | 1158 | ||||||
| MRE assignment (8) | 2,289 | 3,054 | 2,289 | 3,054 | ||||||||
| CER (9) | 230 | 231 | 230 | 231 | ||||||||
| Copel Comercialização | 3,039 | 3,056 | 137 | 148 | 3,176 | 3,204 | ||||||
| Companies of the group | 33 | 31 | 32 | 29 | 216 | 281 | 60 | |||||
| Losses and Differences (10) | 114 | 454 | -151 | -68 | -37 | 386 | ||||||
| (1) Others: Energy purchased by Copel Comercialização. Includes MCSD EM Assignments of Copel Distribuição (purchase) | ||||||||||||
| (2) Energy supply to concessionaires and licensees with their own market below 500GWh/year | ||||||||||||
| (3) Supply of energy to CCEE's agent distributor, through a Regulated Bilateral Contract Agreement - CBR | ||||||||||||
| (4) Assignments MCSD EN - Contractual assignments to other distributors through the New Energy Surplus and Deficit Compensation Mechanism | ||||||||||||
| (5) CCEE (MVE): Financial settlement of energy surpluses from the distributor to the free market through the Surplus Sale Mechanism | ||||||||||||
| (6) CCEE (MCP): Electric Energy Commercialization Chamber (Spot Market). | ||||||||||||
| (7) CCEAR: Energy Trading Agreement in the Regulated Environment. | ||||||||||||
| (8) MRE: Energy Reallocation Mechanism. | ||||||||||||
| (9) CER: Reserve Energy Contract. | ||||||||||||
| (10) Considers the effects of Mini and Micro Distributed Generation (MMGD). | ||||||||||||
| (11) CG: Submarket Center of Gravity (difference between billed and received energy at the CG). | ||||||||||||
| It does not consider the energy produced by UTE Araucária sold on the spot market (MCP). | ||||||||||||
| GWh | ||||||||||||
| Energy Flow | COPEL DIS | COPEL GET + FDA + BELA VISTA | EÓLICAS | COPEL COM | ELIMINAÇÕES | CONSOLIDADO | ||||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| Own Generation | 23,920 | 21,845 | 3,443 | 3,853 | - | - | - | 27,363 | 25,698 | |||
| Purchased energy | 24,236 | 24,072 | 946 | 1,048 | 257 | 127 | 22,478 | 22,450 | 14,575 | 13,515 | 33,342 | 34,182 |
| Copel Comercialização | 574 | 398 | 246 | 820 | 398 | |||||||
| Companies of the group | 249 | 233 | 106 | 13,506 | 12,778 | 13,755 | 13,117 | |||||
| Itaipu | 4,560 | 4,761 | 4,560 | 4,761 | ||||||||
| Auction – CCEAR | 13,812 | 13,142 | 13,812 | 13,142 | ||||||||
| CCEE (MCP) | 373 | 296 | 91 | 373 | 387 | |||||||
| Angra | 856 | 872 | 856 | 872 | ||||||||
| CCGF | 3,914 | 4,568 | 3,914 | 4,568 | ||||||||
| Proinfa | 420 | 427 | 420 | 427 | ||||||||
| Other (1) | 52 | 69 | 11 | 21 | 8,972 | 9,537 | 9,035 | 9,627 | ||||
| Elejor | - | 44 | 44 | |||||||||
| Dona Francisca | 134 | 134 | - | - | 134 | 134 | ||||||
| MRE Receipt | 238 | 220 | - | - | 238 | 220 | ||||||
| Avaiable | 24,236 | 24,072 | 24,866 | 22,893 | 3,700 | 3980 | 22,478 | 22,450 | 14,575 | 13,515 | 60,705 | 59,880 |
| Captive Market | 21,285 | 20,173 | 21,285 | 20,173 | ||||||||
| Concessionaires (2) | 80 | 89 | 80 | 89 | ||||||||
| CCEE concessionaire supply (3) | 163 | 164 | 163 | 164 | ||||||||
| CCEE (MCSD EN Assignments) (4) | 1,134 | 247 | 1134 | 247 | ||||||||
| CCEE (MVE) (5) | ||||||||||||
| CCEE (MCP) (6) | 923 | 2,136 | 386 | 188 | (69) | 13 | 167 | 3,257 | 1407 | 5,594 | ||
| Free Customers | 10,565 | 11,052 | 10,565 | 11,052 | ||||||||
| Bilateral Agreements | 4 | 106 | 583 | 608 | 10,926 | 7,743 | 106 | 11,513 | 8,351 | |||
| Auction – CCEAR (7) | 2,345 | 3,772 | 2,507 | 2,121 | 4,852 | 5893 | ||||||
| MRE assignment (8) | 8,788 | 6,361 | 8,788 | 6,361 | ||||||||
| CER (9) | 924 | 916 | 924 | 916 | ||||||||
| Copel Comercialização | 13,054 | 12,180 | 452 | 598 | 13,506 | 12,778 | ||||||
| Companies of the group | 126 | 122 | 124 | 112 | 820 | 398 | 1,069 | 631 | 1 | 1 | ||
| Losses and Differences (10) | 814 | 1,427 | (821) | (388) | -7 | 1039 | ||||||
| (1) Others: Energy purchased by Copel Comercialização. Includes MCSD EM Assignments of Copel Distribuição (purchase) | ||||||||||||
| (2) Energy supply to concessionaires and licensees with their own market below 500GWh/year | ||||||||||||
| (3) Supply of energy to CCEE's agent distributor, through a Regulated Bilateral Contract Agreement - CBR | ||||||||||||
| (4) Assignments MCSD EN - Contractual assignments to other distributors through the New Energy Surplus and Deficit Compensation Mechanism | ||||||||||||
| (5) CCEE (MVE): Financial settlement of energy surpluses from the distributor to the free market through the Surplus Sale Mechanism | ||||||||||||
| (6) CCEE (MCP): Electric Energy Commercialization Chamber (Spot Market). | ||||||||||||
| (7) CCEAR: Energy Trading Agreement in the Regulated Environment. | ||||||||||||
| (8) MRE: Energy Reallocation Mechanism. | ||||||||||||
| (9) CER: Reserve Energy Contract. | ||||||||||||
| (10) Considers the effects of Mini and Micro Distributed Generation (MMGD). | ||||||||||||
| (11) CG: Submarket Center of Gravity (difference between billed and received energy at the CG). | ||||||||||||
| It does not consider the energy produced by UTE Araucária sold on the spot market (MCP). | ||||||||||||
| Exhibit III - ENERGY MARKET> ENERGY FLOW | ||||||||||||
| --- |
| Notes: | |||||
|---|---|---|---|---|---|
| CCEAR: Energy Purchase Agreements in the Regulated Market. | |||||
| CER: Reserve Energy Agreements. | |||||
| MRE: Energy Reallocation Mechanism. | |||||
| CCEE (MCP): Electric Power Trade Chamber (Short-term market). | |||||
| CG: Center of gravity of the Submarket (difference between billed and energy received from CG). | |||||
| ¹ Other: Energy purchased by Copel Comercialização and Copel Distribuição | |||||
| ^2^ Electricity sales to concessionaries and licensees with own market of less than 500GWh/year | |||||
| ^3^ Eletricity sales to the agent distributor of CCEE through a Regulated Bilateral Contract - CBR | |||||
| ^4^Assignments MCSD EN - Contractual assignments to other distributors through the Mechanism for Compensation of Surpluses and Deficits (MCSD) | |||||
| ^5^Considers the effect of Distributed Mini and Microgeneration (MMGD) | |||||
| ^6^ Considers losses and the volume of energy not delivered, referring to availability contracts, which provide for subsequent reimbursement. | |||||
| It does not consider the energy produced by TPP Araucária sold in the MCP (Short Term Market) or through bilateral contracts. | |||||
| Exhibit IV - OPERATIONAL DATA> INDICATORS SUMMARY | |||||
| --- | |||||
| MANAGEMENT | |||||
| --- | --- | --- | --- | --- | --- |
| Copel Staff List | 2019 | 2020 | 2021 | 2022 | 2024 |
| Geração e Transmissão | 1,620 | 1,533 | 1,523 | 1,487 | 1,091 |
| Distribuição | 4,964 | 4,641 | 4,430 | 4,257 | 3,199 |
| Telecomunicações | 412 | 355 | - | - | - |
| Holding | 61 | 96 | 169 | 84 | 60 |
| Comercialização | 38 | 42 | 44 | 47 | 39 |
| Serviços | - | - | - | 217 | - |
| TOTAL | 7,095 | 6,667 | 6,166 | 6,092 | 4,389 |
| Cotrolated Staff List | 2019 | 2020 | 2021 | 2022 | 2024 |
| Elejor | 7 | 7 | 7 | 7 | 7 |
| GENERATION | |||||
| Copel GET | Amount | Installed<br><br>Capacity (MW) | |||
| Hydroelectric | 18 | 4,868.5 | |||
| Wind | 43 | 1,130.2 | |||
| Copel GET<br><br>(Interest) | Proportional installed <br><br>capacity (MW) | ||||
| Hydroelectric | 3 | 299.6 | |||
| Total Copel GET | 6,298.3 | ||||
| Other Interest Copel | Proportional installed <br><br>capacity (MW) | ||||
| Hydroelectric | 5 | 201.3 | |||
| Wind | 4 | 53.2 | |||
| Solar | 1 | 1.1 | |||
| Total Other Interest | 10 | 255.6 | |||
| TOTAL Copel Group | 6,553.9 | ||||
| TRANSMISSION | |||||
| Copel GeT | Amount | APR (R million) | |||
| Transmission Lines (km) | 3,704 | 1,064.7 | |||
| Substation (amount) | 45 | ||||
| Interest | Amount | Proporcional APR (R million) | |||
| Transmission Lines (km) | 5,980 | 532.6 | |||
| Substation (amount) | 8 | ||||
| TOTAL | TL | 9,684 | 1,597.4 | ||
| Substation | 53 | ||||
| DISTRIBUTION | |||||
| Distribution lines (km) | 214,770 | Captive customers | |||
| Substations | 403 | Customers by distribution employee | |||
| Installed power substations (MVA) | 12,272 | DEC (in hundredths of an hour and minute) | |||
| Municipalities served | 395 | FEC (number of outages) | |||
| Locations served | 1,068 | ||||
| MERCADO LIVRE | |||||
| Number of contracts | 1,698 | ||||
| Energy sold (GWh) | 5,095 |
All values are in US Dollars.
| Exhibit IV - OPERATIONAL DATA> GENERATION | ||||||
|---|---|---|---|---|---|---|
| COPEL GET | ||||||
| --- | --- | --- | --- | --- | ||
| Installed <br><br>Capacity (MW) | Assured Power<br><br>(Average MW) | Generation 2024<br><br>(GWh)* | Concession Expires | |||
| Hydroelectric Power Plants | 4,868.5 | 2,032.6 | 23,574.8 | |||
| Large hydroelectric power plant (HPP) | 4,772.0 | 1,971.5 | 23,107.3 | |||
| Gov. Bento Munhoz da Rocha Netto (Foz do Areia - FDA) ^(5)^ | 1,676.0 | 567.6 | 6,974.6 | 11.19.2054 | ||
| Gov. Ney Aminthas de B. Braga (Segredo) ^(5)^ | 1,260.0 | 552.8 | 6,982.3 | 11.19.2054 | ||
| Gov. José Richa (Salto Caxias) ^(5)^ | 1,240.0 | 553.3 | 6,729.8 | 11.19.2054 | ||
| Gov. Parigot de Souza (GPS) ^(1)^ | 260.0 | 103.6 | 1,142.4 | 01.03.2053 | ||
| - Regime de Cotas (70%) | 182.0 | 72.5 | 799.7 | |||
| - Copel GeT(30%) | 78.0 | 31.1 | 342.7 | |||
| Colíder ^(7)^ | 300.0 | 178.1 | 1,126.0 | 01.30.2046 | ||
| Guaricana ^(7)^ | 36.0 | 16.1 | 152.2 | 07.21.2028 | ||
| Small hydroelectric power station (SHP) | 86.9 | 55.9 | 426.7 | |||
| Bela Vista | 29.8 | 18.6 | 142.0 | 01.02.2041 | ||
| Cavernoso ^(7)^ | 1.3 | 1.0 | 1.1 | 06.23.2033 | ||
| Cavernoso II ^(7)^ | 19.0 | 10.6 | 67.8 | 12.06.2050 | ||
| Chaminé ^(7)^ | 18.0 | 11.6 | 111.8 | 08.02.2028 | ||
| Apucaraninha ^(7)^ | 10.0 | 6.7 | 43.2 | 01.27.2027 | ||
| Derivação do Rio Jordão ^(7)^** | 6.5 | 5.9 | 51.4 | 06.21.2032 | ||
| São Jorge ^(7)^ | 2.3 | 1.5 | 9.4 | 07.24.2026 | ||
| hydroelectric power plant (HPP) | 9.6 | 5.2 | 40.9 | |||
| Marumbi ^(7)^ | 4.8 | 2.4 | 28.0 | ^(4)^ | ||
| Chopim I ^(7)^ | 2.0 | 1.5 | 3.4 | ^(2)^ | ||
| Melissa ^(7)^ | 1.0 | 0.6 | 2.6 | ^(2)^ | ||
| Salto do Vau ^(7)^ | 0.9 | 0.6 | 6.2 | ^(2)^ | ||
| Pitangui ^(7)^** | 0.9 | 0.1 | 0.6 | ^(2)^ | ||
| Thermal Power Plant | 20.0 | 17.7 | 2.3 | |||
| Figueira ^(6) (7)^ | 20.0 | 17.7 | 2.3 | 03.27.2019 | ||
| Wind Power Plants | 1,130.2 | 561.3 | 3,429.1 | |||
| Palmas ^(3) (7)^ | 2.5 | 0.4 | 2.7 | 09.29.2029 | ||
| São Bento Energia, Invest. e Part. S.A. | 94.0 | 38.1 | 237.2 | |||
| GE Boa Vista S.A. | 14.0 | 5.2 | 29.3 | 04.28.2046 | ||
| GE Farol S.A. | 20.0 | 8.8 | 51.5 | 04.20.2046 | ||
| GE Olho D’Água S.A. | 30.0 | 12.8 | 80.4 | 06.01.2046 | ||
| GE São Bento do Norte S.A. | 30.0 | 11.3 | 76.0 | 05.19.2046 | ||
| Copel Brisa Potiguar S.A. | 183.6 | 89.4 | 414.6 | |||
| Nova Asa Branca I Energias Renováveis S.A. | 27.0 | 12.1 | 60.9 | 04.25.2046 | ||
| Nova Asa Branca II Energias Renováveis S.A. | 27.0 | 11.9 | 57.0 | 05.31.2046 | ||
| Nova Asa Branca III Energias Renováveis S.A. | 27.0 | 12.3 | 54.5 | 05.31.2046 | ||
| Nova Eurus IV Energias Renováveis S.A. | 27.0 | 12.4 | 63.7 | 04.27.2046 | ||
| Santa Maria Energias Renováveis S.A. | 29.7 | 15.7 | 56.2 | 05.08.2047 | ||
| Santa Helena Energias Renováveis S.A. | 29.7 | 16.0 | 80.6 | 04.09.2047 | ||
| Ventos de Santo Uriel S.A. | 16.2 | 9.0 | 41.8 | 04.09.2047 | ||
| Cutia | 180.6 | 71.4 | 514.4 | |||
| UEE Cutia S.A. | 23.1 | 9.6 | 70.0 | 01.05.2042 | ||
| UEE Esperança do Nordeste S.A. | 27.3 | 9.1 | 64.3 | 05.11.2050 | ||
| UEE Guajiru S.A. | 21.0 | 8.3 | 52.2 | 01.05.2042 | ||
| UEE Jangada S.A. | 27.3 | 10.3 | 88.4 | 01.05.2042 | ||
| UEE Maria Helena S.A. | 27.3 | 12.0 | 81.1 | 01.05.2042 | ||
| UEE Paraíso dos Ventos do Nordeste S.A. | 27.3 | 10.6 | 79.7 | 05.11.2050 | ||
| UEE Potiguar S.A. | 27.3 | 11.5 | 78.7 | 05.11.2050 | ||
| Bento Miguel | 132.3 | 58.7 | 364.0 | |||
| CGE São Bento do Norte I S.A. | 23.1 | 10.1 | 71.6 | 08.04.2050 | ||
| CGE São Bento do Norte II S.A. | 23.1 | 10.8 | 71.7 | 08.04.2050 | ||
| CGE São Bento do Norte III S.A. | 23.1 | 10.2 | 59.2 | 08.04.2050 | ||
| CGE São Miguel I S.A. | 21.0 | 9.3 | 55.5 | 08.04.2050 | ||
| CGE São Miguel II S.A. | 21.0 | 9.1 | 54.6 | 08.04.2050 | ||
| CGE São Miguel III S.A. | 21.0 | 9.2 | 51.3 | 08.04.2050 | ||
| Vilas | 186.7 | 98.6 | 492.1 | |||
| Vila Ceará I (Antiga Vila Paraíba IV) | 32.0 | 17.8 | 88.2 | 01.14.2054 | ||
| Vila Maranhão I | 32.0 | 17.8 | 88.7 | 01.11.2054 | ||
| Vila Maranhão II | 32.0 | 17.8 | 88.2 | 01.14.2054 | ||
| Vila Maranhão III (Antiga Vila Paraíba III) | 32.0 | 16.6 | 83.7 | 01.14.2054 | ||
| Vila Mato Grosso (Antiga Vila Alagoas III) | 58.9 | 28.6 | 143.4 | 12.06.2054 | ||
| Jandaira | 90.1 | 46.9 | 293.0 | |||
| Jandaira I | 10.4 | 5.6 | 38.8 | 04.02.2055 | ||
| Jandaira II | 24.3 | 12.3 | 80.7 | 04.02.2055 | ||
| Jandaira III | 27.7 | 14.8 | 96.3 | 04.02.2055 | ||
| Jandaira IV | 27.7 | 14.2 | 77.2 | 04.02.2055 | ||
| Aventura | 105.0 | 65.0 | 433.6 | |||
| Aventura II | 21.0 | 13.1 | 85.3 | 06.05.2053 | ||
| Aventura III | 25.2 | 15.5 | 101.6 | 06.11.2053 | ||
| Aventura IV | 29.4 | 18.5 | 126.1 | 06.05.2053 | ||
| Aventura V | 29.4 | 17.9 | 120.6 | 06.05.2053 | ||
| Santa Rosa e Mundo Novo | 155.4 | 92.8 | 677.5 | |||
| Santa Rosa e Mundo Novo I | 33.6 | 17.3 | 124.3 | 06.04.2053 | ||
| Santa Rosa e Mundo Novo II | 29.4 | 17.2 | 134.4 | 06.04.2053 | ||
| Santa Rosa e Mundo Novo III | 33.6 | 21.5 | 161.0 | 06.04.2053 | ||
| Santa Rosa e Mundo Novo IV | 33.6 | 21.0 | 153.9 | 06.01.2053 | ||
| Santa Rosa e Mundo Novo V | 25.2 | 15.8 | 103.9 | 06.01.2053 | ||
| TOTAL | 6,018.7 | 2,611.6 | 27,006.3 | |||
| (1) RAG of R$167.9 million, updated by Aneel's Resolution No. 3,353, of July 23, 2024.<br><br>(2) Power plants exempted from concession, are only registered with ANEEL.<br><br>(3) Assured power considered the average wind generation.<br><br>(4) Under approval by ANEEL.<br><br>(5) Assured power updated by Order No. 2,107/2023: FDA, Segredo, Salto Caxias, valid from November/2024. | (6) According to Order No. 561/2024, commercial operations suspended. <br><br>(7) Plants being divested, according to Material Fact 10/24 and 12/24.<br><br>* Considers internal consumption of generators and generation in commercial operation.<br><br>** Plant do not participate in the MRE. | |||||
| Exhibit IV - OPERATIONAL DATA > GENERATION | ||||||
| --- | ||||||
| INTEREST | ||||||
| --- | --- | --- | --- | --- | --- | --- |
| Enterprise | Partners | Installed <br><br>Capacity (MW) | Assured Power ^1^<br><br>(Average MW) | Proportional installed capacity (MW) | Proporcional Assured Power<br><br>(Average MW) | Concession Expires |
| Hydroelectric Power Plants | 1,111.8 | 586.8 | 500.9 | 264.9 | ||
| Large hydroelectric power plant (HPP) | 1,076.6 | 561.5 | 486.2 | 254.2 | ||
| HPP Gov. Jayme Canet Junior (Mauá) ^6^<br><br>(Consórcio Energético Cruzeiro do Sul) | COPEL GeT - 51%<br><br>Eletrosul - 49% | 361.0 | 188.5 | 184.1 | 96.1 | 06.28.2049 |
| HPP Baixo Iguaçu ^7^<br><br>(Consórcio Empreendedor Baixo Iguaçu) | COPEL GeT - 30%<br><br>Geração Céu Azul - 70% | 350.2 | 172.4 | 105.1 | 51.7 | 12.03.2049 |
| HPP Santa Clara <br><br>(Elejor) | COPEL - 70%<br><br>Paineira Participações - 30% | 120.2 | 66.0 | 84.2 | 46.2 | 05.10.2040 |
| HPP Fundão <br><br>(Elejor) | COPEL - 70%<br><br>Paineira Participações - 30% | 120.2 | 62.1 | 84.1 | 43.5 | 06.11.2040 |
| HPP Dona Francisca <br><br>(DFESA) | COPEL - 23,03%<br><br>Gerdau - 53,94%<br><br>Celesc - 23,03% | 125.0 | 72.5 | 28.8 | 16.7 | 09.21.2037 |
| Small hydroelectric power station (SHP) | 29.1 | 20.4 | 10.4 | 7.3 | ||
| SHP Arturo Andreoli ^5^<br><br>(Foz do Chopim) | COPEL GeT - 35,77%<br><br>Silea Participações - 64,23% | 29.1 | 20.4 | 10.4 | 7.3 | 07.07.2034 |
| Hydroelectric Generating Centers (CGH) | 6.1 | 4.9 | 4.3 | 3.4 | ||
| CGH Santa Clara I <br><br>(Elejor) | COPEL - 70%<br><br>Paineira Participações - 30% | 3.6 | 2.8 | 2.5 | 2.0 | ^(2)^ |
| CGH Fundão I <br><br>(Elejor) | COPEL - 70%<br><br>Paineira Participações - 30% | 2.5 | 2.1 | 1.7 | 1.5 | ^(2)^ |
| Wind Power Plants | 108.5 | 57.1 | 53.2 | 28.0 | ||
| Voltalia - São Miguel <br><br>do Gostoso (5 parques) | COPEL- 49%<br><br>Voltalia- 51% | 108.5 | 57.1 | 53.2 | 28.0 | ^(3)^ |
| Solar | 2.3 | - | 1.1 | - | ||
| Solar Paraná ^4^ | COPEL - 49% | 2.3 | - | 1.1 | - | 09.15.2046 |
| TOTAL | 1,222.6 | 643.9 | 555.2 | 292.9 | ||
| ^1^ Assured power updated by Ordinance No. 709/2022 of: HPP Mauá, Santa Clara, Fundão and Dona Francisca. | ||||||
| ^2^ Elejor requested the reclassification of its Small Hydroelectric Power Plants - (SHPs) Fundão I and Santa Clara I to Hydroelectric Generating Centers (CGHs), as amended by Art. 8 of Law 9074/1995. This was formalized through ANEEL Authorizing Resolutions 14,744 and 14,745 of 06/20/2023, with the plants exempted from concession, having only registration with ANEEL. | ||||||
| ^3^ The Concession Expires of the wind farm concessions are respectively: Carnaúbas (04.09.2047), Reduto (04.16.2047), Santo Cristo (04.18.2047), São João (03.26.2047). | ||||||
| ^4^ Holding of 6 SCPs operating in the field of distributed generation (photovoltaic plants): Pharma Solar II, Pharma Solar III, Pharma Solar IV, in commercial operation, e Bandeirantes Solar I, Bandeirantes Solar II e Bandeirantes Solar III, in pre-operational. | ||||||
| ^5^ Extension of Grant according to REH 3.242/2023. | ||||||
| ^6^ Plant in the process of consolidation, according to Material Fact 12/24. | ||||||
| ^7^ Plant being divested, according to Material Fact 01/25. | ||||||
| Exhibit IV - OPERATIONAL DATA > TRANSMISSION | ||||||
| --- | ||||||
| Subsidiary / SPC | Enterprise | TL | APR ¹ (R$ milhões) | Concession Expiration | ||
| --- | --- | --- | --- | --- | --- | --- |
| Extension (km)^2^ | Amount | MVA | ||||
| Copel GeT | Several | 2,129 | 35 | 12,815 | 665.2 | 01.01.2043 |
| Copel GeT | TL Bateias - Jaguariaiva | 137 | - | - | 17.0 | 08.17.2031 |
| Copel GeT | TL Bateias - Pilarzinho | 32 | - | - | 2.8 | 03.17.2038 |
| Copel GeT | TL Foz - Cascavel Oeste | 117 | - | - | 16.6 | 11.19.2039 |
| Copel GeT | TL Araraquara II — Taubaté | 334 | - | - | 45.3 | 10.06.2040 |
| Copel GeT | SE Cerquilho III | - | 1 | 300 | 7.3 | 10.06.2040 |
| Copel GeT | TL Foz do Chopim - Salto Osório<br><br>LT Londrina - Figueira | 102 | - | - | 8.1 | 08.27.2042 |
| Copel GeT | TL Assis — Paraguaçu Paulista II | 83 | 1 | 150 | 11.7 | 02.25.2043 |
| Copel GeT | TL Bateias - Curitiba Norte | 31 | 1 | 300 | 13.3 | 01.29.2044 |
| Copel GeT | TL Foz do Chopim - Realeza | 52 | 1 | 300 | 13.5 | 09.05.2044 |
| Copel GeT | TL Assis – Londrina | 122 | - | - | 28.1 | 09.05.2044 |
| Copel GeT | Lot E: TL Baixo Iguaçu - Realeza; TL Uberaba - Curitiba Centro; TL Curitiba Leste - Blumenau; SE Medianeira; SE Curitiba Centro; SE Andirá leste; Other Sections | 255 | 4 | 900 | 160.9 | 04.07.2046 |
| Costa Oeste <br>Copel Get - 100% | TL Cascavel Norte - Cascavel Oeste <br><br>TL Cascavel Norte - Umuarama Sul <br><br>SE Umuarama Sul | 159 | 1 | 300 | 19.7 | 01.12.2042 |
| Marumbi<br>Copel GeT - 100% | TL Curitiba - Curitiba Leste | 29 | 1 | 672 | 28.3 | 05.10.2042 |
| Uirapuru Transmissora<br>Copel GeT - 100% | TL Ivaiporã - Londrina | 122 | - | - | 27.0 | 03.04.2035 |
| Subtotal Copel GeT 7 | 3,704 | 45 | 15,737 | 1,064.7 | ||
| Caiuá Transmissora<br>Copel GeT - 49%<br>Elecnor - 51% | TL Guaíra - Umuarama Sul <br><br>TL Cascavel Norte - Cascavel Oeste<br><br>SE Santa Quitéria / SE Cascavel Norte | 142 | 2 | 700 | 17.0 | 05.10.2042 |
| Integração Maranhense<br>Copel GeT - 49%<br>Elecnor - 51% | TL Açailandia - Miranda II | 365 | - | - | 25.6 | 05.10.2042 |
| Matrinchã <br>Copel GeT - 49%<br>State Grid - 51% | TL Paranaíta - Ribeirãozinho | 2,033 | 4 | 800 | 138.8 | 05.10.2042 |
| Guaraciaba<br>Copel GeT - 49%<br>State Grid - 51% | TL Ribeirãozinho - Marimbondo | 930 | 1 | - | 71.7 | 05.10.2042 |
| Paranaíba<br>Copel GeT - 24,5% <br>Furnas - 24,5% <br>State Grid - 51% | TL Barreiras II - Pirapora II | 967 | - | - | 47.7 | 05.02.2043 |
| Cantareira<br>Copel GeT - 49%<br>Elecnor - 51% | TL Estreito - Fernão Dias | 656 | - | - | 70.7 | 09.05.2044 |
| Mata de Santa Genebra 8<br>Copel GeT - 50,1%<br>Furnas - 49,9% | TL Araraquara II - Bateias | 887 | 1 | 3,600 | 161.1 | 05.14.2044 |
| Subtotal SPCs 9 | 5,980 | 8 | 5,100 | 532.6 | ||
| Total | 9,684 | 53 | 20,837 | 1,597.4 | ||
| 1 Proportional to Copel's interest in the project. Values referring to the 2023/2024 cycle, effective from July 1, 2024, according to REH 3.348/2024 - Technical Note No. 105/2024 – STR/ANEEL, of July 09, 2024. Considers investments that came into operation until 12/31/2024.<br>² Considers double circuit sections (circuits that share the same transmission tower).<br>³ Contract renewed according to Law 12,783/13. The O&M portion is part of the RBSE, under the terms of the Law. It will be received until the end of the concession (Jan/2043). The value of the APR for the 2024-2025 cycle, excluding the RBSE, according to REH 3,3348/2024, is R 148.3 million. This amount refers to additional RAP for reinforcements and improvements, in effect when REH 3,348/2024 was published.<br>4 As of 10.31.2018, the APR was reduced by 50%.<br>5 The construction of 38 km of sectioning lines was foreseen in the implementation of the Andirá Leste and Medianeira SEs, 2 km of which for Contract 060/2001 and 36 km for LTs that do not belong to Copel GeT, which, despite being included in the APR, in reason for the investment made, will not be added to Copel's assets.<br>6 As of 07/09/2021, the APR was reduced by 50%.<br>7 Consolidated Result.<br>8 Transmission line in the process of consolidation, according to Material Fact 12/24. <br>9 Equity Income. |
All values are in US Dollars.
| Exhibit IV - OPERATIONAL DATA > DISTRIBUTION | ||||||
|---|---|---|---|---|---|---|
| OPERATIONAL DATA | ||||||
| --- | --- | --- | --- | --- | --- | --- |
| Number of Consumers | Locations served | Cities served | Voltage | Number of Substations | MVA | Km of lines |
| 5,189,224 | 1,068 | 395 | 13,8 kV | - | - | 114,315 |
| 34,5 kV | 237 | 1,740 | 92,588 | |||
| 69 kV | 36 | 2,488 | 776 | |||
| 88 kV | 0 | 5 | - | |||
| 138 kV | 130 | 8,039 | 7,091 | |||
| 403 | 12,272 | 214,770 | ||||
| Consumer-to-employee ratio DIS | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Captive Consumers | 4,713,240 | 4,835,852 | 4,926,608 | 5,011,555 | 5,098,006 | 5,184,322 |
| Copel Dis employees | 4,964 | 4,641 | 4,430 | 4,257 | 4,203 | 3,199 |
| Consum/Emp | 949 | 1,042 | 1,112 | 1,177 | 1,213 | 1,621 |
| QUALITY OF SUPPLY | ||||||
| Year | DEC ¹<br><br>(hours) | FEC ²<br><br>(outages) | ||||
| 2020 | 7.83 | 5.61 | ||||
| 2021 | 7.47 | 5.09 | ||||
| 2022 | 7.96 | 5.10 | ||||
| 2023 | 7.97 | 5.41 | ||||
| 2024 | 7.92 | 5.36 | ||||
| ¹ DEC measured in hours and hundredths of an hour<br> ² FEC expressed in number of interruptions and hundredths of a number of interruptions year to date<br> * Values of the last 12 months | ||||||
| Period | Technical Loss | Non-Technical Loss | Total loss | |||
| Regulatory (1) | Real (2) | Regulatory (3) | Calculated (4) | Regulatory (5) | Total (6) | |
| 2020 | 6.05% | 6.03% | 4.70% | 3.92% | 8.14% | 7.80% |
| 2021 | 5.79% | 5.84% | 4.47% | 4.58% | 7.68% | 7.73% |
| 2022 | 5.79% | 5.72% | 4.47% | 4.62% | 7.60% | 7.66% |
| 2023 | 5.79% | 5.90% | 4.47% | 5.04% | 7.58% | 7.81% |
| 2024 | 5.79% | 5.64% | 4.47% | 5.55% | 7.54% | 7.97% |
| (1) Percentage established in the tariff review; | ||||||
| (2) Technical loss calculated and reported monthly to Aneel; | ||||||
| (3) Percentage established in the tariff review; | ||||||
| (4) Difference between reported total losses and technical losses calculated as a percentage established in the review and the total injected energy, also reported monthly to Aneel; | ||||||
| (5) (Regulatory percentage of PNT x informed BT Market + technical losses calculated as a percentage established in the review and the total energy injected) / Injected energy; | ||||||
| (6) Total loss on injected energy. | ||||||
| NOTE: In the calculation of the distributor's total losses, energy losses inherent to the electric power system (technical losses), commercial losses (mainly due to fraud, theft) and differences related to the shift in the billing schedule and the effects of the portion of mini and micro generation distributed in the Company's network |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date February 27, 2025
| COMPANHIA PARANAENSE DE ENERGIA – COPEL | |
|---|---|
| By: | /S/ <br> Daniel Pimentel Slaviero<br><br><br>* * * |
| Daniel Pimentel SlavieroChief Executive Officer |
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.