AXIA Energia (ADR)
Operates generation, transmission and power sales businesses across Brazil.
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Profile
Operates generation, transmission and electricity sales businesses in Brazil. Its portfolio emphasizes hydroelectric, wind and solar power after asset sales and corporate simplification following the end of state control.
Operates generation, transmission, distribution and electricity-sales activities, including retail power trading, under its corporate purpose. Its generation portfolio is built around hydroelectric, wind and solar resources, while the company also maintains the network activities that connect power supply and customers.
Brazil is its principal market. The company emerged from Eletrobras' 2022 privatization without a controlling shareholder and later adopted the AXIA Energia identity.
Its governance includes a voting cap and a federal-government golden share with veto rights over specified governance provisions. AXIA has also simplified its structure through the Furnas merger and selected asset divestments.
Company facts
Key statistics
Year to date +10.5% · Average volume (30d) 3.1M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.06 | $0.20 | +229.0% | $2.05B | $2.02B | −1.4% | −0.29% |
| May 6, 2026Q1 FY26 | $0.20 | $0.26 | +32.1% | $2.46B | $2.33B | −5.6% | −6.58% |
| Feb 26, 2026Q4 FY25 | $0.18 | $0.20 | +15.2% | $1.95B | $1.95B | 0.0% | −1.63% |
| Nov 5, 2025Q3 FY25 | $0.09 | $0.15 | +67.4% | $1.82B | $1.86B | +2.1% | +1.96% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.00B | $1.96B | $1.92B | $2.05B | $2.40B | $2.15B | |
| Gross profit | $923.4M | $938.1M | $784.2M | $4.32B | $1.40B | $1.44B | |
| Operating income | $503.7M | $865.0M | −$1.62B | $2.80B | $1.07B | $901.4M | |
| Net income | −$67.8M | −$254.4M | −$1.05B | $2.63B | $495.7M | $228.8M | |
| Diluted EPS | −$0.03 | −$0.11 | −$0.46 | $1.15 | $0.22 | $0.10 | |
| Gross margin | 46.2% | 47.9% | 40.8% | 210.7% | 58.6% | 66.9% | |
| Operating margin | 25.2% | 44.1% | -84.2% | 136.8% | 44.8% | 41.9% |
Fiscal years (4-quarter sums)FY21 $7.04B · FY22 $6.41B · FY23 $7.14B · FY24 $7.72B · FY25 $7.93B
Balance sheet, Jun 30, 2026Cash & short-term investments $5.04B · Total debt $14.20B · Total assets $53.26B · Shareholders' equity $23.48B
Dividends
Raised for 2 straight years — most recently to $0.3422 from $0.3244 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Nov 17, 2025 | Nov 17 | Dec 29 | $0.3422 | raised from $0.3244 |
| Aug 18, 2025 | Aug 18 | Sep 5 | $0.3244 | raised from $0.1589 |
| Apr 30, 2025 | Apr 30 | May 20 | $0.1589 | raised from $0.141 split-adjusted |
| Dec 30, 2024 | Dec 30 | Jan 21 | $0.1781 | raised from $0.0583 split-adjusted |
| May 8, 2024 | May 9 | May 16 | $0.0783 | raised from $0.0441 split-adjusted |
| May 5, 2023 | May 8 | Jun 2 | $0.0441 | cut from $0.1281 split-adjusted |
| May 4, 2022 | May 5 | Sep 21 | $0.1498 |
Ownership
Shares outstanding 2.28B · Float 1.64B · 72.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 103.76M | 5.10% | 13G | Apr 29, 2026 |
| SPX Gestao de Recursos Ltda | 669.0K | 0.03% | 13F | May 6, 2026 |
| State Street Corp | 485.4K | 0.02% | 13F | May 15, 2026 |
| American Century Companies Inc | 397.6K | 0.02% | 13F | May 15, 2026 |
| Morgan Stanley | 350.7K | 0.02% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Cemig (ADR)
Integrated power group in generation, transmission and energy trading
- Copel (ADR)
Integrated peer across generation, transmission and energy trading
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AXIA Energia (ADR) | $10.22 | −2.39% | $23.29B | 10.1 | 13.9 | 2.7 | +12.6% |
| Cemig (ADR) | $1.99 | +0.25% | $5.69B | 6.4 | — | 1.0 | +7.5% |
| Copel (ADR) | $11.03 | −2.04% | $2.09B | 3.4 | 29.2 | 0.4 | +13.0% |
| Median | 4.9 | 29.2 | 0.7 | +10.3% |







