AXIA Energia S.A. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data AXIA Energia S.A. files with the SEC in its annual reports.

In BRL millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	32,181	50,400	29,441	26,215	29,042	25,401	34,627	34,074	37,159	40,182
Cost of revenue							9,678
Gross profit							24,948
Operating income	-10,465	16,832	3,526	16,363	8,601	6,206	9,783	5,164	11,017	19,609
Interest expense			7,133	4,297	5,268	3,693	3,354	6,794	10,221	10,140
Interest income			5,397	4,201	2,423	2,118	1,606	3,428	3,083	3,152
Pre-tax income	-11,207	18,816	2,958	17,219	7,218	6,766	10,974	4,334	1,396	10,621
Income tax	710	8,511	1,511	2,563	-631	379	5,261	696	-2,998	240
Income from continuing operations		10,306	1,447	14,656	7,848	6,265	5,799	2,652	4,727	10,381
Net income to minority interests	-512	246	38.1	90.7	-61.6	48.6	67.5	3.01	-155	2.63
Net income	-11,405	3,426	-1,764	14,467	11,195	6,339	5,646	3,635	4,550	10,378
EBITDA			5,050	18,065	10,408	7,462	11,227	7,854	14,638
EPS, basic	-8.43	2.65	-1.30
EPS, diluted	-8.43	2.62	-1.30

Balance sheet

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	1,246	327	583	583	335	193	193	10,739	13,046	26,573
Inventory		541	479	380	472	510	628	429	427	441
Total current assets		29,273	37,359	46,967	41,487	44,822	39,745	49,623	47,897	64,451
Property, plant and equipment	29,547	26,813	27,966	32,370	33,316	32,663	33,368	34,740
Intangible assets	935	762	750	650	818	785	4,992	79,981	79,866	78,173
Total assets		170,499	172,975	181,710	178,622	178,966	188,303	270,217	267,058	289,871
Accounts payable		9,659	10,444	3,361	3,095	3,904	4,032	3,517	2,964	2,756
Short-term debt								1,665	1,641	1,100
Total current liabilities		31,139	34,187	37,323	26,341	27,390	23,883	26,441	27,160	31,630
Lease liabilities				824	988	836	694	529	173	156
Total liabilities		126,435	130,223	126,030	107,463	105,215	111,886	159,189	154,593	167,872
Total debt		45,620	45,122	54,841	47,900	47,002	44,016	59,107	59,460	75,621
Retained earnings			1,025	-296	202
Shareholders' equity		44,203	43,364	55,176	70,702	73,478	76,121	110,505	112,333	121,863
Minority interests		-139	415	504	457	273	296	524	131	137
Total equity	41,581	44,065	43,779	55,680	71,159	73,751	76,417	111,029	112,465	122,000
Total liabilities and equity		170,499	172,975	181,710	178,622	178,966	188,303	270,217	267,058	289,871

Cash flow statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	-11,917	3,672	-1,726	14,557	11,133	6,387	5,714	3,638	4,395	10,381
Depreciation and amortization			1,524	1,702	1,807	1,256	1,443	2,690	3,621
Cash from operations	6,515	370	694	4,357	779	5,127	6,965	5,195	8,235	12,386
Capital expenditures	-4,140	-1,638	-1,206	-1,132	-1,955	-926	-1,085	-1,586	-3,863	-3,099
Cash from investing	-9,013	-3,563	1,543	421	2,404	375	-998	-24,721	827	-8,660
Debt issued	7,544	2,544	930	1,024	6,779	9,158	4,829	8,500	11,821	29,966
Debt repaid	-5,382	-4,378	-5,494	-6,374	-12,463	-12,454	-8,176	-6,735	-13,763	-16,010
Stock issued								30,648
Share buybacks									-1,967	-115
Dividends paid				-1,250			-3,748	-1,490	-864	-1,308
Cash from financing	2,136	2,295	-1,941	-5,015	-3,391	-5,551	-6,061	30,072	-6,755	9,801
Net change in cash	-361	-898	296	-237	-207	-48.7	-93.9	10,546	2,307	13,526
Free cash flow	2,375	-1,268	-512	3,225	-1,175	4,201	5,880	3,610	4,373	9,286
Interest paid	2,805	3,806	3,584	3,183	3,651	1,371	2,176	3,211	5,512	6,651
Income taxes paid	610	1,230	1,887	2,289	3,385	3,352	2,463	2,607	2,931	1,488

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Operating margin	48.8%	Operating income / revenue.
Pre-tax margin	26.4%	Pre-tax income / revenue.
Net margin	25.8%	Net income / revenue.
FCF margin	23.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	30.8%	Cash from operations / revenue.
Effective tax rate	2.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.7%	Net income / average total assets.
Return on invested capital (ROIC)	11.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue	7.7%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	8.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	5.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	78.0%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	26.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	17.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	128.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	22.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-1.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	50.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	21.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	73.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	112.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	16.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	8.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	17.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	11.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	8.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	15.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	10.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.04x	Current assets / current liabilities.
Quick ratio	0.84x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.84x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.62x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	26.1%	Total debt / total assets.
Liabilities / assets	57.9%	Total liabilities / total assets.
Net debt	R$49.05B	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	1.93x	Operating income / interest expense.
Working capital	R$32.82B	Current assets - current liabilities.
Goodwill and intangibles / assets	27.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	R$43.69B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.14x	Revenue / average total assets.
FCF conversion	89.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	25.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
Payout ratio	12.6%	Dividends paid / net income, when net income is positive.
Dividends / FCF	14.1%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	1.2%	Share buybacks / free cash flow, when free cash flow is positive.

What was AXIA Energia S.A.'s revenue in fiscal 2024?

AXIA Energia S.A. reported revenue of R$40.18B for fiscal 2024, 8.1% higher than the year before.

Was AXIA Energia S.A. profitable in fiscal 2024?

Yes. Net income was R$10.38B, a net margin of 25.8%.

How much free cash flow did AXIA Energia S.A. generate in fiscal 2024?

Cash from operations of R$12.39B minus capital expenditures of R$3.10B left free cash flow of R$9.29B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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