{"id":1134,"date":"2025-08-18T09:00:02","date_gmt":"2025-08-18T12:00:02","guid":{"rendered":"http:\/\/ri.taesa.com.br\/?page_id=1134"},"modified":"2026-08-18T13:49:41","modified_gmt":"2026-08-18T16:49:41","slug":"indebtness","status":"publish","type":"page","link":"https:\/\/ri.taesa.com.br\/en\/financial-information\/indebtness\/","title":{"rendered":"Indebtedness"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text css=””]In 2Q26, the Company’s Gross Debt totaled R$ 11,009.0 million, 7.1% lower than the previous quarter. The Company’s cash position totaled R$ 586.3 million, a decrease of 64.4% in the quarter and resulting in a net debt of R$ 10,422.7 million, 2.1% higher than in 1Q26.<\/p>\n

The 64.4% decrease in Cash and Cash Equivalents in the quarter is mainly explained by payment of approximately (i) R$ 1,231.2 million in interest and amortization related to TAESA\u2019s 6th, 8th, 10th, 12th, and 19th debenture issuances, as well as Jana\u00faba\u2019s 2nd debenture issuance, (ii) R$ 216.6 million in CAPEX during the quarter, and (iii) R$ 313.1 million in shareholder remuneration paid in May 2026. These effects were partially offset by cash generation and receipt of
\ndividends from subsidiaries and affiliates.<\/p>\n

On a proportionally consolidated basis, including jointly controlled entities and associates, total gross debt would amount to R$ 13,809.5 million and cash and cash equivalents would total R$ 807.1 million, considering the following amounts: (i) TBE debt in the amount of R$ 1,294.5 million and cash\/cash equivalents of R$ 162.5 million; (ii) ETAU cash\/cash equivalents of R$ 9,9 million; and (iii) AIE debt (Aimor\u00e9s, Paragua\u00e7u, and Iva\u00ed) of R$ 1,505.9 million and cash\/cash
\nequivalents of R$ 48.4 million.<\/p>\n

Considering the proportional net debt of jointly controlled entities and associates, the net debt-to-EBITDA ratio stood at
\n4.2x in 2Q26, in line with the value recorded in 1Q26 (4.2x).[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1560285924447{margin-bottom: 20px !important;}”]<\/p>\n

\u00b9For analysis of the Company’s cash flow, it is more appropriate to use the Regulatory Result that reliably reflects its operations.<\/h6>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content” content_placement=”middle” css=”.vc_custom_1763037381643{margin-bottom: 20px !important;}”][vc_column][vc_single_image image=”300532″ img_size=”full” alignment=”center” css=”.vc_custom_1786965055992{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;border-color: #eeeeee !important;}”][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_round_chart type=”doughnut” stroke_width=”0″ tooltips=”” values=”%5B%7B%22title%22%3A%22CDI%20%7C%2042%25%22%2C%22value%22%3A%2242%22%2C%22color%22%3A%22peacoc%22%7D%2C%7B%22title%22%3A%22IPCA%20%7C%2055%25%22%2C%22value%22%3A%2255%22%2C%22color%22%3A%22chino%22%7D%2C%7B%22title%22%3A%22IGPM%20%7C%202%25%22%2C%22value%22%3A%222%25%22%2C%22color%22%3A%22green%22%7D%5D” css=”.vc_custom_1787071660716{margin-right: 0px !important;margin-bottom: 30px !important;margin-left: 0px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;padding-left: 10px !important;border-color: #eaeaea !important;}” title=”Debt Profile”][\/vc_column][vc_column width=”1\/3″][\/vc_column][vc_column width=”1\/3″][vc_round_chart type=”doughnut” stroke_width=”0″ tooltips=”” values=”%5B%7B%22title%22%3A%22Long%20Term%20%7C96.96%25%22%2C%22value%22%3A%2296.96%25%22%2C%22color%22%3A%22peacoc%22%7D%2C%7B%22title%22%3A%22Short%20Term%20%7C%203.04%25%22%2C%22value%22%3A%223.04%25%22%2C%22color%22%3A%22chino%22%7D%5D” css=”.vc_custom_1787071775436{margin-right: 0px !important;margin-bottom: 30px !important;margin-left: 0px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;padding-left: 10px !important;border-color: #eaeaea !important;}” title=”Term of Debt”][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1562092485582{margin-bottom: 40px !important;}”][vc_column][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text css=””]In 2Q26, the Company’s Gross Debt totaled R$ 11,009.0 million, 7.1% lower than the previous quarter. The Company’s cash position totaled R$ 586.3 million, a decrease of 64.4% in the quarter and resulting in a net debt of R$ 10,422.7 million, 2.1% higher than in 1Q26. The 64.4% decrease in Cash and Cash Equivalents […]<\/p>\n","protected":false},"author":1,"featured_media":1650,"parent":1417,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1134","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/pages\/1134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/comments?post=1134"}],"version-history":[{"count":52,"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/pages\/1134\/revisions"}],"predecessor-version":[{"id":300587,"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/pages\/1134\/revisions\/300587"}],"up":[{"embeddable":true,"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/pages\/1417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/media\/1650"}],"wp:attachment":[{"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/media?parent=1134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}