Eletrobras reported a nearly 25% increase in Q4 net profits to 1.11 billion reais. The company announced additional dividends of 1.8 billion reais. Adjusted EBITDA was 5.1 billion reais, down 6.4%, but net operational revenue grew over 20% to 12 billion reais. Eletrobras remains the largest utility in Latin America by capacity.
Brazil’s Eletrobras, the largest utility in Latin America by generating capacity, reported a significant profit increase. In their fourth quarter, net profit surged nearly 25% to reach 1.11 billion reais ($191.4 million) compared to the same quarter the previous year. Additionally, the company declared 1.8 billion reais ($310 million) in extra dividends for its shareholders.
For the period ending December, Eletrobras recorded adjusted EBITDA of 5.1 billion reais, reflecting a decline of 6.4% from the prior year. However, net operational revenue rose to 12 billion reais, marking an increase of over 20% year-on-year, underscoring its robust operational performance despite the EBITDA decrease.
Eletrobras’ financial results highlight a strong performance with a marked increase in profit and operational revenues. Despite a slight decline in adjusted EBITDA, the additional dividends and significant net profit growth illustrate the company’s capacity to generate investor returns and reinforce its position as the leading utility in the region.
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