Cia Energetica De Minas Gerais - Cemig 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), Cia Energetica De Minas Gerais - Cemig ADR reported revenue of $42.8B (+7.4% year on year) and net income of $4.9B (-31.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| REVENUE | $42.8B | $39.8B | $36.9B | $34.5B |
| Cost of energy and gas | ($23.7B) | ($22.0B) | ($19.8B) | ($20.0B) |
| Infrastructure and construction cost | ($6.1B) | ($5.0B) | ($4.1B) | ($3.5B) |
| Costs of operation | ($5.7B) | ($4.7B) | ($4.6B) | ($4.1B) |
| TOTAL COST | ($35.5B) | ($31.7B) | ($28.5B) | ($27.7B) |
| GROSS PROFIT | $7.2B | $8.2B | $8.4B | $6.8B |
| Expected credit loss | ($161.0M) | — | — | — |
| General and administrative expenses | ($827.0M) | ($820.0M) | ($707.0M) | ($789.0M) |
| Other expenses | $125.0M | ($701.0M) | — | — |
| Other revenues | $174.0M | $3.2B | — | — |
| Total expenses | ($689.0M) | $1.5B | ($1.6B) | ($2.0B) |
| Share of profit of equity-accounted investees and joint ventures, net of tax | $201.0M | $224.0M | — | — |
| Income before financial revenue expenses and taxes, Total | $6.7B | $9.9B | $7.2B | — |
| Finance income | $982.0M | $1.4B | $1.3B | $1.5B |
| Finance expenses | ($2.1B) | ($2.0B) | ($1.7B) | ($3.1B) |
| Net finance expenses | ($1.1B) | ($521.0M) | — | — |
| Income before income tax and social contribution tax | $5.7B | $9.4B | $6.9B | $4.1B |
| Current income tax and social contribution tax | ($562.0M) | ($1.5B) | ($943.0M) | ($950.0M) |
| Deferred income tax and social contribution tax | ($209.0M) | ($744.0M) | ($141.0M) | $924.0M |
| Income tax expense | ($771.0M) | ($2.2B) | ($1.1B) | — |
| Equity holders of the parent | $4.9B | $7.1B | $5.8B | $4.1B |
| Non-controlling interests | $2.0M | $2.0M | $3.0M | $2.0M |
| NET INCOME FOR THE YEAR | $4.9B | $7.1B | $5.8B | $4.1B |
| Basic earnings (loss) per share | $3.46 | $2.49 | $5.24 | — |
| Diluted earnings (loss) per share | $3.46 | $4.98 | $5.24 | — |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.9B | $1.9B | $1.5B | $1.4B |
| Marketable securities | $760.0M | $358.0M | $774.0M | $1.7B |
| Receivables from customers, traders and concession holders | $5.8B | $5.6B | $5.4B | $4.8B |
| Concession financial and sector assets | $1.7B | $1.2B | $814.0M | $1.1B |
| Concession contract assets | $1.1B | $1.1B | $850.0M | $728.0M |
| Recoverable taxes | $580.0M | $511.0M | $635.0M | $1.9B |
| Income tax and social contribution tax recoverable | $397.0M | $7.0M | — | — |
| Dividends receivables | $81.0M | $111.0M | $50.0M | $146.0M |
| Restricted cash | $240.0M | $235.0M | — | — |
| Public lighting contribution | $341.0M | $296.0M | $261.0M | $207.0M |
| Refund of tariff subsidy | $616.0M | — | — | — |
| Other assets | $976.0M | $832.0M | $677.0M | $585.0M |
| Total | $14.5B | $12.2B | $11.8B | — |
| TOTAL CURRENT | $14.5B | $12.2B | $11.9B | $13.5B |
| Receivables from customers, traders and concession holders | $312.0M | $254.0M | $43.0M | $43.0M |
| Recoverable taxes | $1.6B | $1.5B | $1.3B | $1.4B |
| Income tax and social contribution tax recoverable | $593.0M | $582.0M | $445.0M | $173.0M |
| Deferred income tax and social contribution tax | $1.9B | $2.3B | $3.0B | $3.1B |
| Escrow deposits | $1.3B | $1.2B | $1.2B | $1.2B |
| Refund of tariff subsidy | $107.0M | — | — | — |
| Accounts receivable from the State of Minas Gerais | $30.0M | $40.0M | $13.0M | $13.0M |
| Concession financial and sector assets | $8.4B | $6.9B | $5.7B | $4.9B |
| Concession contract assets | $12.1B | $10.3B | $7.7B | $6.0B |
| Other assets | $144.0M | $161.0M | $86.0M | $74.0M |
| Investments – Equity method | $3.1B | $3.2B | $4.6B | $5.1B |
| Property, plant and equipment | $4.2B | $3.7B | $3.3B | $2.4B |
| Intangible assets | $18.5B | $16.8B | $15.2B | $14.6B |
| Leasing – right-of-use assets | $369.0M | $387.0M | $398.0M | $329.0M |
| TOTAL NON-CURRENT | $52.5B | $47.5B | $43.1B | $40.2B |
| TOTAL ASSETS | $67.0B | $59.7B | $55.0B | $53.7B |
| Suppliers | $3.0B | $3.0B | $3.0B | $2.8B |
| Regulatory charges | $441.0M | $344.0M | $487.0M | $510.0M |
| Profit sharing | $136.0M | $111.0M | $165.0M | $105.0M |
| Taxes payable | $746.0M | $725.0M | $644.0M | $885.0M |
| Income tax and social contribution tax | $133.0M | $163.0M | $111.0M | $240.0M |
| Interest on own equity and dividends payable | $2.9B | $3.6B | $2.9B | $1.9B |
| Loans and debentures | $3.1B | $2.9B | $2.6B | $955.0M |
| Payroll and related charges | $230.0M | $217.0M | $239.0M | $260.0M |
| Public lighting contribution | $543.0M | $475.0M | $425.0M | $312.0M |
| Accounts payable related to energy generated by residential customers | $1.8B | — | — | — |
| Post-employment obligations | $130.0M | $233.0M | $329.0M | $388.0M |
| Compensatory indemnity | $418.0M | — | — | — |
| PIS/Pasep and Cofins taxes to be refunded to customers | $341.0M | $526.0M | $854.0M | $1.2B |
| Lease liabilities | $89.0M | $79.0M | $79.0M | — |
| Other liabilities | $411.0M | $565.0M | $484.0M | $423.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income for the year | $4.9B | $7.1B | $5.8B | $4.1B |
| Income tax expense | $772.0M | $2.2B | $1.1B | ($924.0M) |
| Depreciation and amortization | $1.5B | $1.4B | $1.3B | $1.2B |
| Loss on write-off of net residual value of unrecoverable concession financial assets, concessional contract asset, PP&E and Intangible assets | $210.0M | $83.0M | $97.0M | $74.0M |
| Refund of tariff subsidy | ($935.0M) | — | — | — |
| Share of profit of equity-accounted investees and joint ventures, net of tax | ($201.0M) | ($224.0M) | — | — |
| Remeasuring of concession financial and concession contract assets | ($1.2B) | ($1.2B) | ($1.2B) | ($1.2B) |
| Bargain purchase gain | ($12.0M) | — | — | ($5.0M) |
| Gain on remeasurement of previously held interest | ($62.0M) | — | — | — |
| Remeasurement of the Existing System Basic Grid (RBSE) | $219.0M | — | — | — |
| Interest and monetary variation | $1.2B | $428.0M | $676.0M | $853.0M |
| Exchange variation on loans | $2.0M | $464.0M | — | — |
| Reimbursement of PIS/Pasep and Cofins over ICMS credits to customers -Realization | ($209.0M) | ($513.0M) | ($1.9B) | ($2.4B) |
| Gains arising from the sale of PP&E | ($29.0M) | ($43.0M) | — | — |
| Gain on sale of non-current assets held for sale | ($60.0M) | ($1.6B) | — | — |
| Transaction costs | $28.0M | $20.0M | $14.0M | $7.0M |
| Expected credit losses | $161.0M | $175.0M | $175.0M | — |
| Provision for contingencies | $655.0M | ($90.0M) | $360.0M | $433.0M |
| CVA (Parcel A items Compensation) Account and Other financial components in tariff adjustments | ($506.0M) | ($423.0M) | $213.0M | $1.1B |
| Post-employment obligations | ($750.0M) | $488.0M | $611.0M | $666.0M |
| Other | ($83.0M) | ($95.0M) | ($46.0M) | $130.0M |
| Total | $5.6B | $6.0B | $6.3B | $3.5B |
| Receivables from customers, traders and concession holders | ($418.0M) | ($553.0M) | — | ($440.0M) |
| Refund of tariff subsidy | $420.0M | — | — | — |
| Recoverable taxes | ($159.0M) | $275.0M | $175.0M | $2.5B |
| Income tax and social contribution tax credits | ($233.0M) | $110.0M | $6.0M | $149.0M |
| Escrow deposits | ($24.0M) | $116.0M | $45.0M | $31.0M |
| Contractual assets and concession financial assets | $737.0M | $852.0M | $905.0M | $620.0M |
| Other | ($217.0M) | ($194.0M) | $154.0M | $87.0M |
| Total (increase) / decrease in assets | $106.0M | $956.0M | $1.0B | $3.8B |
| Suppliers | $87.0M | ($65.0M) | $185.0M | $149.0M |
| Taxes payable | ($217.0M) | $180.0M | $778.0M | $408.0M |
| Payroll and related charges | $12.0M | ($21.0M) | ($21.0M) | $35.0M |
| Regulatory charges | $74.0M | ($62.0M) | $2.0M | ($240.0M) |
| Post-employment obligations | ($393.0M) | ($439.0M) | ($535.0M) | ($482.0M) |
| PIS/Pasep and Cofins over ICMS credits to customers | $499.0M | $509.0M | $249.0M | — |
| Other | ($332.0M) | ($255.0M) | ($40.0M) | $18.0M |
| Total increase (decrease) in liabilities | ($270.0M) | ($153.0M) | $618.0M | $888.0M |
| Cash generated from operations | $5.5B | $6.8B | — | — |
| Interest received | $471.0M | $351.0M | $328.0M | — |
| Dividends received from investees | $269.0M | $350.0M | $592.0M | $708.0M |
| Interest paid on loans, financing and debentures | ($1.4B) | ($956.0M) | ($1.0B) | ($1.0B) |
| Interest paid on lease contracts | ($7.0M) | ($6.0M) | ($5.0M) | ($4.0M) |
| Income tax and social contribution tax paid | ($736.0M) | ($1.1B) | ($601.0M) | ($704.0M) |
| NET CASH FLOWS FROM OPERATING ACTIVITIES | $4.1B | $5.5B | $6.6B | $6.6B |
Cia Energetica De Minas Gerais - Cemig ADR score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.