Axia Energia to reduce R$ 1.1 billion in liabilities via share transfer

Axia Energia has approved the transfer of over 23 million treasury shares, including 18.6 million ordinary shares and 4.45 million class C preferred shares. This operation is intended to replenish the stock used to fulfill obligations related to legal disputes concerning monetary correction differences in energy compulsory loan credits.

As a result of this transfer, the company will write off approximately R$ 1.1 billion in liabilities. Management stated that while this has a significant impact on the balance sheet, it will not affect the company's accounting results. The move is expected to reduce financial volatility and increase predictability by decreasing exposure to market price fluctuations of these shares.

Separately, Axia Energia has launched its 2026 Social Actions notice, allocating up to R$ 500,000 to fund equipment and materials for social organizations. The initiative targets regions where the company maintains offices or generation and transmission assets, focusing on health, social assistance, and community development.