{"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":"2026-03-19T10:30:09","modified_gmt":"2026-03-19T13:30:09","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 4Q25, the Company’s Gross Debt totaled R$ 11,149.2 million, 6.9% higher than the previous quarter. The Company’s cash position totaled R$ 1,325.5 million, an increase of 19.0% in the quarter and resulting in a net debt of R$ 9,823.6 million, 5.5% higher than in 3Q25.<\/p>\n

The 1 % increase in Cash and Investments in the quarter is mainly explained by TAESA\u2019s 20th debenture issuance in the amount of R$ 600 million, cash generation, and dividends received from subsidiaries. These effects were partially offset by payments of approximately (i) R$ 215 million in interest and amortization related to TAESA\u2019s 2nd, th, 8th, 10th, and 12th debenture issuances, (ii) R$ 423.1 million in Capex during the quarter, and (iii) R$ 378.9 million in distributions paid in November 2025.<\/p>\n

Consolidating jointly controlled and affiliated companies proportionally, total gross debt would be R$ 13,954.9 million and cash would be R$ 1,568.3 million, considering the following amounts: (i) TBE debts in the amount of R$ 1,313.3 million and cash\/investments of R$ 153.7 million; (ii) ETAU cash\/investments of R$ 7.3 million; and (iii) AIE (Aimor\u00e9s, Paragua\u00e7u, and Iva\u00ed) debts of R$ 1,492.5 million and cash\/investments of R$ 81.8 million.<\/p>\n

Considering the proportional net debt of joint ventures and associates, the net debt to EBITDA ratio stood at 4.1x in 4Q25, in line with the amount recorded throughout 2025.[\/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=”298941″ img_size=”full” alignment=”center” css=”.vc_custom_1773926917711{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%2043%25%22%2C%22value%22%3A%2243%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_1773926946877{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%7C86%2C5%25%22%2C%22value%22%3A%2286%2C5%25%22%2C%22color%22%3A%22peacoc%22%7D%2C%7B%22title%22%3A%22Short%20Term%20%7C%2013%2C5%25%22%2C%22value%22%3A%2213%2C5%22%2C%22color%22%3A%22chino%22%7D%5D” css=”.vc_custom_1773927006442{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><\/span>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text css=””]In 4Q25, the Company’s Gross Debt totaled R$ 11,149.2 million, 6.9% higher than the previous quarter. The Company’s cash position totaled R$ 1,325.5 million, an increase of 19.0% in the quarter and resulting in a net debt of R$ 9,823.6 million, 5.5% higher than in 3Q25. The 1 % increase in Cash and Investments […]<\/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":40,"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/pages\/1134\/revisions"}],"predecessor-version":[{"id":298944,"href":"https:\/\/ri.taesa.com.br\/en\/wp-json\/wp\/v2\/pages\/1134\/revisions\/298944"}],"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}]}}