Recent Updates — EBR-B
On August 6, 2026, AXIA Energia S.A.'s Board approved the partial mandatory redemption of 37,237,014 Class C preferred shares (PNC Shares), representing approximately 6.14% of outstanding PNC Shares and R$2 billion in value. The redemption price is set at R$53.71 per share, payable on August 24, 2026. Holders may opt for a partial elective conversion into common shares at a ratio of 1.1:1, though ADS holders are excluded from this option and will receive cash payments net of depositary fees. The ADSs ceased trading on the New York Stock Exchange after August 7, 2026, moving to the OTC Pink Limited Market. AXIA Energia S.A. operates in the Brazilian energy sector, focusing on power generation and distribution.
AXIA Energia S.A. reported second-quarter 2026 financial results showing Adjusted Regulatory EBITDA of R$ 6,683 million, a 21.5% year-over-year increase. The company announced the winning bid in a transmission auction with projected ANEEL CAPEX of R$ 668 million and RAP of R$ 50.8 million. Portfolio management activities included divesting minority stakes for R$ 451.4 million, assigning credits from Amazonas Energia for R$ 554.1 million, and consolidating Três Irmãos HPP with a payment of R$ 256 million. Additionally, the company approved the redemption or conversion of AXIA7 shares totaling R$ 2 billion at a price of R$ 53.71 per share, with an opt-in period from August 12 to 14 and settlement dates on August 18 and 24. Capital allocation methodology allows up to R$ 3.7 billion for allocation in the second quarter, bringing the first-half total to R$ 7.7 billion. The company operates in the Brazilian electric power generation and transmission industry.
AXIA Energia S.A. disclosed tax treatment details regarding the redemption of its class 'C' preferred shares (PNC). The record date for determining eligible shareholders is August 7, 2026, and the redemption price is R$53.71 per share, based on the common stock closing price on August 5, 2026. Payment will be made in Brazilian currency on August 24, 2026. Non-resident investors face a 15% to 25% withholding tax on capital gains unless they submit acquisition cost documentation by August 13, 2026. The company operates in the energy sector, specifically generating electricity through hydroelectric plants.
AXIA Energia S.A.'s Board approved a second redemption of 37,237,014 Class C Preferred Shares (PNC), totaling R$ 2.0 billion and representing 6.14% of the outstanding class. The redemption value is R$ 53.71 per share, based on the closing price of common shares on August 5, 2026. Holders may elect to convert PNCs into common shares at a one-to-one ratio between August 12 and 14, 2026; otherwise, shares are automatically redeemed. The B3 record date is August 7, 2026, with ex-rights trading commencing August 10, 2026. Conversion into common shares occurs on August 18, 2026, and redemption payments are scheduled for August 24, 2026. ADR holders will be mandatorily redeemed without conversion options. AXIA Energia S.A. operates in the Brazilian electric power generation industry.