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EBR-B

Centrais Elétricas Brasileiras S.A. - Eletrobrás

EBR-B

Centrais Elétricas Brasileiras S.A. - Eletrobrás • NYSE
$11.68 ▲ 0.69% (+0.08)
Market Cap $24.82 B
52w High $11.97
52w Low $5.97
Dividend Yield 0.67%
P/E 21.62962962962963
Volume 14.29K
Outstanding Shares 2.12B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $10.003B ▼ $7.926B ▲ $-5.448B ▼ -54.468% ▼ $-2.42 ▼ $-4.308B ▼
Q2-2025 $10.199B ▼ $4.687B ▲ $-1.324B ▼ -12.986% ▼ $-0.6 ▼ $893.616M ▼
Q1-2025 $10.414B ▼ $2.102B ▼ $-353.039M ▼ -3.39% ▼ $-0.16 ▼ $3.125B ▼
Q4-2024 $12.025B ▲ $18.408B ▲ $1.11B ▼ 9.228% ▼ $0.44 ▼ $3.653B ▼
Q3-2024 $11.043B $1.048B $7.202B 65.217% $3.16 $9.585B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $24.646B ▼ $266.502B ▼ $157.162B ▲ $109.29B ▼
Q2-2025 $29.387B ▼ $274.96B ▼ $156.205B ▼ $118.707B ▼
Q1-2025 $30.281B ▲ $282.016B ▼ $160.438B ▼ $121.494B ▼
Q4-2024 $29.827B ▲ $289.871B ▲ $167.872B ▲ $121.863B ▲
Q3-2024 $28.378B $279.8B $158.413B $121.252B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-5.448B ▼ $4.213B ▲ $-3.617B ▼ $-4.625B ▼ $-4.028B ▼ $3.66B ▲
Q2-2025 $-233.718M ▲ $694.801M ▼ $282.776M ▼ $-1.015B ▲ $153.857M ▲ $607.064M ▼
Q1-2025 $-288.68M ▼ $3.139B ▼ $494.563M ▲ $-7.543B ▼ $-3.909B ▼ $2.876B ▼
Q4-2024 $1.064B ▼ $5.467B ▲ $-5.341B ▼ $4.768B ▲ $4.894B ▲ $4.238B ▲
Q3-2024 $8.381B $3.584B $2.122B $-1.971B $3.735B $3.161B

Five-Year Company Overview

Income Statement

Income Statement Revenue has been trending upward over the past several years, and profits have improved even faster, especially after privatization. Margins have strengthened meaningfully, suggesting better cost control, more efficient operations, and possibly beneficial regulatory or contract changes. Earlier years show more volatile earnings, likely tied to one‑off items and hydrological or regulatory swings, but the latest results point to a more profitable and scalable business model. Still, as a regulated and hydro‑heavy utility, earnings can remain somewhat lumpy from year to year despite the clear improvement trend.

Balance Sheet

Balance Sheet The company now carries a very large asset base and has significantly increased both its cash reserves and its equity cushion compared with a few years ago. Debt has also risen, reflecting the capital‑intensive nature of the business and recent investment and restructuring cycles. Overall, the balance sheet looks stronger and more flexible than before privatization, with more liquidity on hand and a thicker equity layer to absorb shocks. The trade‑off is a higher absolute debt load, which makes interest costs, refinancing conditions, and regulatory stability important factors to watch.

Cash Flow

Cash Flow Cash generation from operations has moved from a period of stress and volatility to a more consistent positive pattern in the most recent years. Free cash flow, which was deeply negative during a heavy investment phase, has swung back into positive territory as large one‑off projects eased and profitability improved. Capital spending is clearly lumpy, with some years showing very high outlays that weigh on free cash. This is typical for a major utility, but it means future waves of investment in transmission, renewables, or new technologies could again temporarily pressure free cash flow even if the underlying business remains sound.

Competitive Edge

Competitive Edge Eletrobrás holds a dominant position in Brazil’s power system, with a very large share of generation and transmission and infrastructure that would be extremely difficult and expensive to replicate. Its scale, grid coverage, and long operating history create a strong moat, supported by the regulated nature of much of its business. The post‑privatization structure has added more strategic and financial flexibility while preserving this entrenched position. Key ongoing risks to this strong footing include political and regulatory shifts, hydrology conditions affecting hydro plants, and rising competition in the liberalized segments of the power market and in new renewable projects.

Innovation and R&D

Innovation and R&D The company is actively using technology to modernize its network and operations, with AI‑based grid management, smart metering, and digital substations all pointing to a serious digital transformation effort. Its in‑house research center gives it a strong platform for long‑term innovation in areas like grid reliability, storage, and advanced materials. Strategically, Eletrobrás is leaning hard into clean energy, with a predominantly low‑carbon generation mix and early moves into green hydrogen, offshore wind, and battery storage. Many of these newer initiatives are still at the pilot or feasibility stage, so their financial impact is uncertain, but they show a clear intent to stay relevant and competitive in the global energy transition.

Summary

Eletrobrás today combines the characteristics of a traditional, asset‑heavy regulated utility with those of a company in strategic transition. Financial performance has improved noticeably in recent years, with stronger profitability and healthier cash flows following privatization and efficiency gains. The balance sheet appears more resilient, with higher cash and equity, though accompanied by a larger debt burden. Its competitive moat remains substantial thanks to its nationwide footprint, hydro resources, and central role in Brazil’s grid. At the same time, the company is investing in digitalization and clean‑energy technologies that could reshape its growth profile over time. The main uncertainties lie in regulatory and political dynamics, execution of large new projects, future investment needs, and Brazil‑specific macro and hydrological risks, all of which can influence how the current strengths translate into long‑term outcomes.