Axia Energia ADR (AXIA) financial statements: income statement, balance sheet and cash flow

Axia Energia ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Axia Energia ADR reported revenue of $41.3B (+2.7% year on year) and net income of $6.6B (-36.8% year on year).

Income statement

Axia Energia ADR income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Net operating revenue$41.3B$40.2B$37.2B$34.1B
Operating expenses($35.6B)($26.7B)($26.1B)($29.3B)
Other revenue and expenditure$459.0M$136.5M$651.3M$186.9M
Regulatory remeasurements - Transmission contracts($4.1B)$6.1B($12.1M)$365.2M
OPERATING PROFIT BEFORE FINANCIAL RESULT$2.1B$19.6B$11.0B$5.2B
FINANCIAL RESULT($10.9B)($11.6B)($12.0B)($4.4B)
PROFIT (LOSS) BEFORE RESULTS OF EQUITY, INVESTMENTS, TAXES AND SOCIAL CONTRIBUTIONS($8.8B)$8.0B($985.0M)$790.5M
RESULTS OF EQUITY METHOD INVESTMENTS$1.9B$2.5B$2.1B$2.4B
PROFIT (LOSS) BEFORE TAXES($7.0B)———
Current income tax and social contribution($333.0M)$717.9M$512.5M$1.6B
Deferred income tax and social contribution$13.9B$477.9M$3.5B($934.4M)
Net profit from continuing operations$6.6B$10.4B$4.7B$2.7B
AMOUNT ATTRIBUTED TO OWNERS OF THE COMPANY$6.6B$10.4B$4.9B$2.6B
AMOUNT ATTRIBUTED TO NON-CONTROLLING INTERESTS$1.2M$2.6M($154.9M)$3.0M
Net loss from discontinued operations$0—($332.0M)$986.8M
AMOUNT ATTRIBUTED TO OWNERS OF THE COMPANY$0—($332.0M)$986.8M
AMOUNT ATTRIBUTED TO NON-CONTROLLING INTERESTS$0———
NET INCOME FOR THE YEAR$6.6B$10.4B$4.4B$3.6B
Basics earnings per share (in R$ per share)$4.81$19.61$8.52$7.84
Basic earnings per share (in R$ per share)$4.81$19.61$9.14$5.71
Diluted earnings per share (in R$ per share)$4.77$24.30$10.56$9.72
Axia Energia ADR income statement, quarters
Line itemMar 31, 2022 · Q1
Net Operating Revenue$9.2B
Energy purchased for resale($483.0M)
Charges upon use of electricity network($621.1M)
Fuel to produce electricity($768.3M)
Construction($195.3M)
Personnel suppliers and services($1.7B)
Depreciation($432.9M)
Amortization($212.2M)
Donations and contributions($47.1M)
Operating charges (reversals), net($2.1B)
Others($255.3M)
Total($6.7B)
OPERATING INCOME BEFORE FINANCIAL RESULT$2.4B
Income from interest, commissions and fees$199.4M
Income from financial investments$341.6M
Additional interest on energy$112.5M
Monetary adjustment gain$299.1M
Exchange variations gain$1.6B
Interest Income on Dividends$61.5M
Other financial income$210.6M
Debt charges($821.1M)
Leasing charges($140.7M)
Charges on shareholders funds($2.3M)
Monetary adjustment loss($522.0M)
Exchange variations loss($484.6M)
Losses on derivatives($79.4M)
Other financial expenses($311.4M)
Financial Result$478.2M
PROFIT BEFORE RESULTS OF EQUITY, INVESTMENTS, TAXES AND SOCIAL CONTRIBUTIONS$2.9B
Results of equity method investments$552.4M
Other revenue and expenditure$121.0M
PROFIT BEFORE TAXES AND SOCIAL CONTRIBUTIONS$3.6B
Current Income Tax and Social Contribution$788.6M
Deferred Income Tax and Social Contribution$80.3M
Income Tax Expense($868.9M)
NET INCOME FOR THE PERIOD$2.7B
AMOUNT ATTRIBUTED TO OWNERS OF THE COMPANY$2.7B
AMOUNT ATTRIBUTED TO NON-CONTROLLING INTERESTS$8.0M
Profit basic per share (in R$ per share)$7.31
Profit diluted per share (in R$ per share)$8.99

Balance sheet

Axia Energia ADR balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Cash and cash equivalents$16.4B$26.6B$13.0B$10.7B
Restricted cash$660.3M$508.7M$447.7M$3.1B
Marketable securities$11.1B$9.0B$5.9B$12.2B
Accounts Receivable, net$5.6B$5.9B$5.2B$4.8B
Contractual transmission assets$10.7B$10.5B$11.2B$9.3B
Taxes and contributions$2.8B$2.8B$1.3B—
Loans, financing and debentures$10.6M$475.5M$367.7M$692.8M
Reimbursement rights$752.5M$893.3M$980.2M$827.5M
Dividends and interest receivable$470.1M$721.7M$871.6M$707.9M
Derivative financial instruments$64.3M$692.7M$373.6M$501.4M
Others$2.5B$1.4B$1.7B$2.3B
Total current assets excluding assets held for sale$51.0B$59.9B$44.7B$48.9B
Assets held for sale$1.1B$4.5B$3.2B$688.4M
TOTAL CURRENT ASSETS$52.1B$64.5B$47.9B$49.6B
Restricted cash$3.4B$3.2B$2.0B$1.3B
Marketable Securities$722.7M$433.3M$432.7M$417.6M
Accounts Receivable, net$522.9M$602.4M$649.4M$703.1M
Contractual transmission assets$53.6B$56.8B$50.1B$51.7B
Taxes and contributions$3.2B$2.7B$1.2B—
Deferred Income tax and social contribution$17.5B$5.7B$6.7B$3.5B
Loans, financing and debentures$180.6M$163.1M$260.4M—
Reimbursement rights$2.2M$720.1M$1.4B$2.1B
Judicial deposits$5.8B$5.2B$6.6B$8.6B
Derivative financial instruments$1.1B$1.5B—$485.5M
Others$846.9M$1.6B$1.1B$1.1B
Total long term assets excluding investments, fixed assets and intangible assets$86.8B$78.7B$70.3B$71.9B
Equity method investments$23.3B$30.7B$32.1B$32.2B
Measured at fair value$1.2B$861.2M$1.1B$1.8B
Other investments$18.8M$98.0M——
INVESTMENTS$24.5B$31.7B$33.2B$34.0B
PROPERTY, PLANT AND EQUIPMENT$39.7B$36.9B$35.8B—
INTANGIBLE ASSETS$76.6B$78.2B$79.9B$80.0B
TOTAL NON CURRENT ASSETS$227.6B$225.4B$219.2B$220.6B
TOTAL ASSETS$279.7B$289.9B$267.1B$270.2B
Suppliers$3.9B$2.8B$3.0B$3.5B
Regulatory fees$886.6M$820.1M$765.6M$996.6M
Provision for onerous contracts$113.9M$62.7M$120.7M—
Leases$73.0M$26.9M$44.0M$224.3M
Payroll$1.1B$1.1B$1.6B$2.3B
Post-employment benefit$303.8M$289.8M$293.0M$246.4M
Taxes and contributions$1.0B$1.1B$992.9M$1.3B
Loans, financing and debentures$13.2B$12.8B$11.3B$7.5B
Obligations of Law No. 14,182/2021$3.7B$2.9B$2.2B$1.5B
RGR returns$695.7M$492.3M——
Judicial settlements$1.1B———
Axia Energia ADR balance sheet, quarters
Line itemMar 31, 2022
Cash and cash equivalents$149.2M
Restricted cash$3.3B
Marketable securities$15.3B
Accounts receivable, net$5.3B
Contractual transmission assets$7.5B
Financing and loans receivable$1.4B
Dividends receivable$555.0M
Recoverable Taxes$410.9M
Income tax and social contribution$1.8B
Reimbursement rights and obligations$804.3M
Inventory$648.7M
Nuclear fuel inventory$515.2M
Financial instruments and risk management$655.1M
Others$2.1B
Total current assets excluding assets held for sale$40.4B
Assets held for sale$1.0B
TOTAL CURRENT ASSETS$41.4B
Reimbursement rights and obligations$5.6B
Financing and loans receivable$3.8B
Accounts receivable, net$495.4M
Marketable securities$1.2B
Nuclear fuel inventory$1.4B
Recoverable Taxes$458.1M
Income tax and social contribution$1.4B
Guarantees and restricted deposits$8.8B
Contractual transmission assets$52.9B
Financial assets - Concessions and Itaipu$2.6B
Financial instruments and risk management$608.9M
Decommissioning Fund$2.1B
Others$1.1B
Total long term assets excluding investments, fixed assets and intangible assets$82.5B
Accounted for-by the equity method$25.3B
Maintained at fair value$1.9B
INVESTMENTS$27.2B
FIXED ASSETS, NET$33.2B
INTANGIBLE ASSETS, NET$4.8B
TOTAL NON CURRENT ASSETS$147.6B
TOTAL ASSETS$189.1B
Loans, financing and debentures$8.2B
Compulsory loan$1.2B
Suppliers$3.2B
Advances$1.5B
Taxes payable$578.2M
Income tax and social contribution$222.8M
Provision for Onerous contracts$10.5M

Cash flow statement

Axia Energia ADR cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Profit (Loss) for the year before income tax and social contribution($7.0B)$10.6B$1.4B$4.3B
Depreciation and amortization$4.6B$4.0B$3.6B$2.7B
Net exchange and monetary changes$2.6B$3.4B$3.3B$650.8M
Results from acquisitions and divestments$7.2B———
Financial charges$7.7B$5.9B$6.1B$5.0B
Result of equity method investments($1.9B)($2.5B)($2.1B)($2.4B)
Other income and expenditure($459.0M)($136.5M)($651.3M)($186.9M)
Transmission revenues($20.1B)($19.3B)($17.4B)($15.8B)
Construction cost – transmission$5.1B$4.3B$3.3B$1.7B
Regulatory remeasurements – transmission contracts$4.1B($6.1B)$12.1M($365.2M)
Operating provisions (reversals)$635.7M($180.0M)$2.5B$6.9B
Fixed and intangible assets write off($264.3M)$157.2M$632.4M—
Results from hedged debt and derivatives$3.3B$1.9B$1.5B—
Other$469.5M$894.5M$637.9M$1.8B
Adjustments to reconcile profit with cash generated by operations$13.0B($7.7B)$1.5B$332.5M
Accounts Receivable, net$223.7M$1.1B($927.1M)($408.4M)
Reimbursement right$918.9M$752.4M$473.5M$537.3M
Others$455.3M$673.8M$109.7M($436.3M)
(Accruals) / decreases in operating assets$1.6B$2.5B($343.9M)$2.5B
Suppliers$856.3M($614.2M)($526.4M)$233.9M
Payroll($358.6M)($775.9M)($813.5M)—
Regulatory fees($236.0M)$365.5M($280.7M)$159.7M
Others($995.3M)($605.7M)$218.0M($382.5M)
Increases / (decreases) in operating liabilities($733.6M)($1.6B)($1.6B)$338.5M
Payment of interests($5.8B)($6.7B)($5.5B)($3.2B)
Receipt of allowed annual revenue – RAP$18.7B$19.2B$18.3B$14.6B
Receipt of dividends and interest on equity$1.5B$1.5B$1.3B$316.3M
Payment of judicial contingencies($5.3B)($3.8B)($2.7B)($4.2B)
Securities and restricted deposits($410.5M)$195.9M($733.4M)($1.2B)
Payment of income tax and social contribution($708.6M)($1.5B)($2.9B)($2.6B)
Supplementary social security($407.7M)($430.7M)($510.0M)($469.9M)
Net cash provided by operating activities$14.5B$12.4B$8.2B$9.3B
Loans and borrowings obtained and debentures obtained$8.0B$30.0B$11.8B$8.5B
Payment of loans and financing and debentures - principal($11.3B)($16.0B)($13.8B)($6.7B)
Payment of dividends and interest on equity($12.2B)($1.3B)($864.2M)—
Payment to dissenting shareholders – merge of shares0—-226.1M—
Repurchase of shares-36.7M-115.1M-2.0B—
Payment of obligations with CDE and revitalization of basins - principal($2.6B)($2.0B)($1.4B)—
Payment of leases – principal($51.0M)($757.2M)($765.5M)($721.1M)
Others($962.2M)—$444.0M$44.7M
Net cash from (used in) financing activities($19.1B)$9.8B($6.8B)$30.1B
Receipt of loans and financing$447.2M$12.7M$982.4M—
Receipt of financial charges$209.7M$57.7M$172.5M$2.4B
Acquisition of property, plant and equipment($2.1B)($3.1B)($3.9B)($1.6B)
Acquisition of intangible assets($443.2M)($425.9M)($258.4M)($32.0B)
Axia Energia ADR cash flow statement, quarters
Line itemMar 31, 2022 · Q1
Income before income tax and social contribution$3.6B
Depreciation and amortization$645.1M
Net exchange rate and monetary changes($907.3M)
Financial charges$703.1M
Equity result($552.4M)
Other income and expenses($121.0M)
Contractual revenue - Transmission($4.2B)
Construction revenue - Generation($3.4M)
Construction cost - Transmission$191.8M
Operational Provisions (Reversals)$2.1B
Interest of non-controlling shareholders($12.0M)
Financial instruments - derivatives$79.4M
Others($176.6M)
Adjustments to reconcile net profit (loss)($2.3B)
Accounts receivable$154.3M
Marketable and securities$222.2M
Reimbursement rights($74.8M)
Warehouse($21.2M)
Nuclear fuel stock$103.0M
Financial assets - Itaipu$514.3M
Assets held for sale$24.7M
Others($139.1M)
(Increases)/decreases in operating assets$783.3M
Suppliers($736.0M)
Advances($20.9M)
Leases$136.2M
Estimated obligations($118.0M)
Reimbursement Obligations($22.3M)
Regulatory Fees$133.9M
Liabilities associated with assets held for sale$1.0M
Others($498.9M)
Increases/(decreases) in operating liabilities($1.1B)
Payment of interests($612.6M)
Payment of interests - Leases($986.0K)
Receipt of RAP and indemnities$3.3B
Receipt of financial charges$83.8M
Payment of income tax and social contribution($772.5M)
Receipt of remuneration of investments in ownership interests$140.8M
Payment of supplementary social security($118.0M)
Payment of judicial contingencies($819.2M)
Securities and restricted deposits($485.3M)
Net cash from (used in) operating activities$1.7B
Payment of loans and financing/debentures - principal($1.4B)
Payment of remuneration to shareholders($193.0K)
Payment of financial leases($182.2M)

Axia Energia ADR score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.