| RELATED PARTY TRANSACTIONS |
NOTE 38 - RELATED PARTY TRANSACTIONS Below is a summary of the transactions and the respective balances with the Company’s related parties: 38.1 - Related Party Transactions | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 12/31/2025 | | 12/31/2024 | | Reserve | Jointly controlled companies | | Associates | | Post-employment
benefit entities | | Jointly controlled companies | | Associates | | Post-employment
benefit entities | | Assets | | | | | | | | | | | | | Clients | 106,159 | | | 6,383 | | | — | | | 154,736 | | | 3,788 | | | — | | | Accounts receivable | — | | | — | | | — | | | — | | | — | | | — | | | Dividends / Interest on own capital receivable | 215,295 | | | 212,916 | | | — | | | 242,835 | | | 465,159 | | | — | | | Loans and financing receivable | 1,038 | | | 42,193 | | | 68,968 | | | — | | | — | | | — | | | Other assets | — | | | — | | | — | | | 1,286 | | | 41,056 | | | 59,712 | | | 322,493 | | | 261,492 | | | 68,968 | | | 398,857 | | | 510,003 | | | 59,712 | | | | | | | | | | | | | | | Passive items | | | | | | | | | | | | | Suppliers | 46,223 | | | 127 | | | 694 | | | 6,255 | | | — | | | — | | | Provisions | — | | | — | | | — | | | — | | | — | | | 177,503 | | | Social security contribution | — | | | — | | | — | | | — | | | — | | | 12,907 | | | Actuarial debt agreements | — | | | — | | | — | | | — | | | — | | | 2,907,762 | | | Sundry obligations | — | | | — | | | — | | | 38,940 | | | — | | | — | | | | | | | | | | | | | | | Purchase of electricity | — | | | — | | | — | | | 23,646 | | | — | | | — | | | Obligations with subsidiaries | 4,839 | | | — | | | 189,236 | | | — | | | — | | | — | | | Other liabilities | — | | | — | | | 9,258 | | | — | | | — | | | 63,648 | | | 51,062 | | | 127 | | | 199,188 | | | 68,841 | | | — | | | 3,161,820 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 12/31/2025 | | 12/31/2024 | | Result | Jointly controlled companies | | Associates | | Post-employment
benefit entities | | Jointly controlled companies | | Associates | | Post-employment
benefit entities | | Revenue from the use of electricity | 47,026 | | | 48,527 | | | — | | | 401,993 | | | — | | | — | | | Income from services rendered | 585,148 | | | 47,891 | | | — | | | 7,324 | | | — | | | — | | | Network use charges | (112,959) | | | (55,314) | | | — | | | (57,723) | | | — | | | — | | | Purchase/sale of electricity | (604,107) | | | — | | | — | | | (543,908) | | | — | | | — | | | Interest income, commissions, exchange rates and variations and financial expenses | — | | | 50,343 | | | (16,444) | | | 25,101 | | | — | | | (42,975) | | | | | | | | | | | | | | | Other revenues (expenses) | 10,702 | | | 695 | | | (75,243) | | | 377,767 | | | — | | | (244,759) | | | (74,189) | | | 92,142 | | | (91,687) | | | 210,554 | | | — | | | (287,734) | |
38.2 - Key Management Personnel Compensation | | | | | | | | | | | | | 12/31/2025 | | 12/31/2024 | | Short-term benefits | 84,813 | | | 64,820 | | | Post-employment benefits | 4,006 | | | 2,165 | | | Shares based remuneration | 18,473 | | | 17,820 | | | Other long-term benefits | — | | | 1,395 | | | 107,292 | | | 86,200 | |
Accounting Policy A related party is a person or entity that is related to the Company. For purposes of presentation in the financial statements, only balances with relevant related parties are disclosed. In the preparation of the consolidated financial statements, transactions and intercompany balances with related parties that are subsidiaries are eliminated.
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