Inferra AI / Company / CIG
Energy Co Of Minas Gerais
CIG · Utilities
Last earnings Sep 9, 2026
Key results
Revenuequarter
6.12%
The increase relating to non-manageable costs (‘Portion A’ – comprising purchase of energy, transmission, sector charges and non-recoverable revenues) was 6.12%.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Gross revenuequarter
$ 7,539.3 million
Energy sold to final consumers Gross revenue from energy sold to final consumers in 2Q25 was R$ 7,539.3 million, a 4.6% year-on-year increase from R$ 7,210.1 million in 2Q24, mainly reflecting volume of energy sold 3.7% higher.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Wholesale supply Revenue from wholesale supply in 2Q25 was R$ 1,147.1 million, an increase of 22.8% from R$ 933.9 million in 2Q24.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Transmission revenuequarter
$ 4.7 million
Transmission revenue was R$ 4.7 million higher than in 2Q24, the increase mainly comprising construction revenue, due to the higher volume invested in reinforcement and improvement works.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Gas Gross revenuequarter
$ 965.5 million
Gas Gross revenue from supply of gas in 2Q25 totaled R$ 965.5 million, compared to R$ 972.4 million in 2Q24.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
19 Revenue from Use of Distribution Systems – The TUSD charge 2Q25 2Q24 Change % TUSD (R$ ’000) Use of the Electricity Distribution System 1,414,496 1,251,554 13.0% In 2Q25 revenue from the TUSD – charged to Free Consumers for distribution of their energy – was R$ 162.9 million higher than in 2Q24.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
revenue of R$ 118.1 million in 2Q24.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
In 2Q25, financial revenue of R$ 4.3 million was recognized for updating of credits due to the Company.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
AI analysis
Q2 2025 · reported Oct 27, 2025
Based on: Earnings release — transcript not held
The quarter in charts
Segment mix
Business-unit revenue, as stated
Segment revenue figures as stated in the event record.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | 6.12% | — | — |
| Gross revenue | $ 7,539.3 million | — | — |
| Transmission revenue | $ 4.7 million | — | — |
| Gas Gross revenue | $ 965.5 million | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
Success in legal action relating to the PAT (Workers’ Support Fund): R$ 50.2 million posted in Finance income; income tax provision reduced by R$ 31 million R$ 95.3 million negative item in net profit from effect of variation in the US dollar exchange rate on debt in US dollars (net of hedge).
Event summary
Earnings Release 2Q2025 4
Based on: Earnings release — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Success in legal action relating to the PAT (Workers’ Support Fund): R$ 50.2 million posted in Finance income; income tax provision reduced by R$ 31 million R$ 95.3 million negative item in net profit from effect of variation in the US dollar exchange rate on debt in US dollars (net of hedge).
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Main factors: Borrowing costs, and monetary updating of debentures, were a total of R$ 151.5 million higher, reflecting growth of approximately 30% in gross debt, and the increase in the Selic basic interest rate.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Also in 2Q24 there was a financial expense of R$ 214.5 million, from the effect on US dollar-denominated debt of 11.26% appreciation of the US dollar against the Real.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
There was no such effect in 2Q25, since the debt in US dollars was settled in full in December 2024.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Ebitda should not be considered in isolation or as a substitute for net profit or operational profit, nor as an indicator of operational performance or cash flow, nor to measure liquidity, nor the capacity for payment of debt.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Investments Capex in the first half of 2025 totaled R$ 2.75 billion, 12.6% more than in 1H24.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Strategy & priorities
The total number of Gasmig’s clients increased by 6.2% from June 2024 to a total of 106,707 consumers in June 2025 – reflecting expansion of both the commercial and the residential client bases (total addition of 6,100 clients).
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
The cost of distributed generation was R$ 148.1 million (+21.2%) higher, reflecting an increase in the tariff for buying DG, and a 20.8% increase in the amount of energy injected into the system – totaling 1,797 GWh in 2Q25 – in turn caused by the rapid expansion of the number of DG facilities connected (they expanded from 273,000 in June 2024 to 336,000 in June 2025).
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Execution of the largest investment program in Cemig’s history will modernize its electricity system, ensuring reliability, in line with its strategic plan of focusing on Minas Gerais and on its core businesses, and providing ever-improving service to the client.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
More details in this table: 31 ESG – Report on performance Cemig fulfills its public commitments related to sustainability by implementing strategic initiatives, monitored through corporate indicators and goals.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Investments in preventive maintenance The Company is investing R$ 360 million in preventive maintenance in 2025, focusing on modernization of substations, strengthening of networks and actions against extreme weather events.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Risks & headwinds
2Q Interim Financial Information Forward-Looking Statements This report contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
7324, which challenges the constitutionality of Law No.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
pdf The 2025 Annual Tariff Adjustment The tariffs of Cemig D are adjusted in May each year; and every five years are subjected to a Periodic Tariff Review, also in May.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
The aim of the Annual Adjustment is to pass on changes in the costs defined as “non-manageable” in full, to the client, and provide inflation adjustment for the costs specified as “manageable” in the Tariff Review.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
On May 20, 2025 Aneel ratified Cemig D’s annual Tariff Adjustment, to be effective from May 28, 2025 to May 27, 2026.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
The increase in the financial components of the tariff contributed 0.30 percentage points.
SEC original ↗Energy Co Of Minas Gerais — Earnings release (6-K report)6-KOct 27, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documentsEarnings releases
0 documentsNo earnings releases for Energy Co Of Minas Gerais are held in this edition of the library.
Presentations
0 documentsNo presentations for Energy Co Of Minas Gerais are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Energy Co Of Minas Gerais are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.