Portuguese 
Spanish 
Axia Energia accelerated investments, strengthened transmission, and turned the result in the quarter, while opening the succession process for Ivan Monteiro for 2027.
Axia Energia invested R$ 1.4 billion in the first quarter of 2026 and raised the investment account to a level 36% above that recorded in the same period of 2025. In the same balance sheet, the company moved out of the red and reported an adjusted net profit of R$ 3.7 billion.
The result came along with a series of strategic moves by the company, which concentrated resources on modernizing transmission and a 100% renewable generation portfolio. Additionally, the company opened the succession process in leadership, with completion scheduled for April 2027, at the end of Ivan Monteiro’s term.
The numbers help to size a phase of expansion for the company, which also reinforced its bet on transmission assets, advanced in corporate changes, and adjusted its portfolio of participation in other companies in the sector.
-
California Project Aims to Store Heat Underground in Former Oil Reservoir to Generate 100 kW of Electricity for Over 12 Hours
-
French Port Harnesses Industrial Waste Heat to Power Up to 30,000 Homes
-
Belgian Port to Install Shore Power for Cruise Ships by 2027, Cutting Dock Emissions by Up to 5% and Meeting EU Regulations
-
Canadian Project Converts Hot Water from Mature Oil Fields into Electricity, Repurposing Existing Wells and Infrastructure
Transmission received almost R$ 1 billion of the investments
According to poder360.com.br, of the R$ 1.4 billion invested in the quarter, R$ 977 million were directed to transmission. This amount represents an increase of 49% compared to the first quarter of 2025.
The company states that the focus of the investments was the modernization of transmission infrastructure and the management of the renewable generation portfolio. In practice, the company placed more emphasis precisely on an area considered central to sustaining operations and increasing asset reliability.
Profit of R$ 3.7 billion came after a loss last year
In the same period, Axia reported an adjusted IFRS net profit of R$ 3.7 billion. A year earlier, in the first quarter of 2025, it had reported a loss of R$ 80 million.
The adjusted regulatory Ebitda totaled R$ 8.6 billion, an increase of 60% year-on-year. The combination of higher profit, Ebitda growth, and increased investments indicates a stronger quarter for the company, at least according to the data released.
In a statement sent along with the results, Ivan Monteiro stated that the company is “on the operational efficiency agenda” and reinforced discipline in executing the strategy. According to him, the indicators reflect the effort to expand transmission and increase asset reliability.
Succession of Ivan Monteiro already has a deadline to finish
In addition to the numbers, Axia Energia informed that it has started the succession process in its leadership. The transition will be completed in April 2027, when Monteiro’s current term ends.
For this, the company approved provisional changes. However, the statement does not detail what the next steps of the leadership change will be or the names involved in this initial phase of the process.
New movements in the portfolio and expansion bet until 2031
The company also advanced on other fronts. In April 2026, it approved the migration to the Novo Mercado of B3, with the aim of simplifying the corporate structure and increasing the liquidity of the shares.
In the portfolio, it completed the sale of its stake in Emae in January. In March, it acquired 100% of IE Garanhuns and sold its entire stake in IE Madeira. In the 2026 Capacity Reserve Auction, it purchased 190 MW of power and estimated an investment of R$ 1 billion to build a new generating unit at the Luiz Gonzaga hydroelectric plant, with supply expected to start in August 2031.
The quarter, therefore, brought together higher profit, heavier investment, and fundamental changes in the company’s structure. For the market, the package helps to show what the route of Axia Energia will be in the coming years. If you follow the sector, it’s worth keeping a close eye on the next steps of this transition.
