v3.26.1
FINANCIAL RESULT (Details) - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financial revenue      
Interest on income, fines, commission and fees R$ 60,991 R$ 138,666 R$ 153,458
Revenue from financial investments 4,584,506 2,937,517 2,862,488
Additional moratorium on electricity 109,288 119,500 165,978
Other financial income 143,945 223,898 479,159
(-) Taxation on financial revenue (312,379) (267,782) (578,163)
Total Financial revenues 4,586,351 3,151,799 3,082,920
Financial expenses      
Debt charges (6,015,871) (6,117,463) (6,463,585)
Charges from obligations with CDE (2,670,067) (2,484,198) (2,292,321)
River Basin Revitalization Charges (319,226) (339,854) (355,430)
Other financial expenses (534,044) (1,198,578) (1,109,907)
Total Financial expenses (9,539,208) (10,140,093) (10,221,243)
Financial results, net      
Monetary adjustments - CDE (1,524,821) (1,604,680) (1,384,392)
Monetary adjustments - hydrographic basins (240,111) (288,081) (331,760)
Monetary adjustments (865,216) (778,157) (1,795,913)
Exchange rate changes (8,408) (28,821) 169,904
Variation of net fair value of the protected debt (hedge) of the derivative (3,335,117) (1,566,482) (613,256)
Variation of the derivative financial instrument not linked to debt protection 0 (373,605) (908,381)
Financial results, net (5,973,673) (4,639,826) (4,863,798)
Financial result R$ (10,926,530) R$ (11,628,120) R$ (12,002,121)