Taesa (TAEE11) has reaffirmed its commitment to shareholders by approving a new round of profit distribution, despite a slight decline in net profit. The operational performance remains solid, with increases in EBITDA and regulatory revenue.
The board of directors at Taesa (TAEE4, TAEE11) approved the distribution of R$ 188.27 million in interest on equity (JCP), based on the distributable profit calculated up to March 31, 2025. The amount per unit will be R$ 0.54652244673, while for shares TAEE3 and TAEE4, the distribution will be R$ 0.18217414891. Payment is scheduled for August 27, 2025, with the shareholding position established as of May 12, 2025. As of May 13, 2025, the shares will trade 'ex-JCP'.
In the same announcement, the company revealed that its regulatory net profit for the first quarter was R$ 188.3 million, marking a slight decrease of 0.7% compared to the same period in 2024. Despite the challenges, Taesa (TAEE11) reported a net profit of R$ 365.1 million for the first quarter of 2025, a modest decline of 2.5% from the previous year.
While the company faced a significant increase in operational costs, the revenue surge was noteworthy. Taesa reported a net revenue increase of 34.7%, reaching R$ 982.9 million. This impressive growth was overshadowed by a substantial rise in costs associated with goods and services, which more than doubled from R$ 119.1 million to R$ 324.2 million, reflecting an increase of 172.1%.
Additionally, general and administrative expenses totaled R$ 61.4 million, representing a 4.7% rise compared to the first quarter of the previous year. Other operating expenses also contributed to the financial strain, totaling R$ 4 million, an increase of 59.3%.
Despite the pressure from rising costs, Taesa (TAEE11) maintains a robust revenue base, underscoring the resilience of its business model in a challenging environment for the energy infrastructure sector. The company's commitment to returning value to shareholders through the distribution of JCP illustrates its ongoing efforts to balance profitability with shareholder satisfaction.
The decision to distribute R$ 188 million in JCP showcases Taesa's strategic focus on rewarding investors, even as it navigates through a landscape characterized by increasing operational expenses. As the company prepares for the upcoming distribution, investors are keenly watching how these financial dynamics will influence Taesa's market position and growth trajectory in the coming months.
In summary, Taesa's latest financial results reflect a company that, while facing some headwinds, continues to demonstrate strong revenue growth and a commitment to shareholder returns. The upcoming JCP payment is anticipated to provide a welcome boost to investors, reinforcing Taesa's status as a key player in Brazil's energy sector.