AXIA Energia (AXIA) converts Amazonas receivables into R$ 554.1M and call option

Rhea-AI Filing Summary

AXIA Energia S.A. and its wholly owned subsidiary AXIA Energia Norte S.A. completed the assignment of all receivables they held against distribution company Amazonas Energia S.A. After agreed conditions precedent were satisfied, the companies converted their exposure into cash and an equity-related right.

In exchange, AXIA Energia and AXIA Energia Norte will receive a total of R$ 554.1 million, subject to adjustment until the effective payment date, plus a call option for a minority stake in Amazonas Energia that may be exercised or assigned to third parties. Management states that this structure, agreed in 2024, supports the viability of Amazonas Energia’s current concession, allows AXIA Energia to benefit from any operational and financial recovery of the distributor, and reinforces its focus on disciplined capital allocation and risk mitigation.

Insights

Equity and credit risk analyst

AXIA converts risky receivables into cash and optional equity upside.

AXIA Energia has completed the assignment of all receivables from Amazonas Energia, receiving R$ 554.1 million (subject to adjustment) and a call option for a minority stake. This replaces pure credit exposure with immediate liquidity plus potential equity participation.

The company describes the structure as a financially beneficial alternative agreed in 2024, aimed at supporting Amazonas Energia’s concession while letting AXIA capture possible recovery benefits. This may reduce uncertainty around the collectability of receivables and aligns with management’s stated emphasis on disciplined capital allocation and mitigation of operational and financial risks.

Future disclosures in periodic reports may clarify how the cash proceeds and any exercise or transfer of the call option affect leverage, earnings, and exposure to Amazonas Energia’s performance.

Key Figures

Receivables settlement amount: R$ 554.1 million Form type: Form 6-K Completion date: June 10, 2026

3 metrics

Receivables settlement amount R$ 554.1 million Total related to settlement of receivables from Amazonas Energia

Form type Form 6-K Report of foreign private issuer for June 2026

Completion date June 10, 2026 Date AXIA Energia completed receivables assignment

Key Terms

call option, receivables, concession, disciplined capital allocation, +1 more

5 terms

call option financial

"A call option in the distributor for a minority stake, which may be exercised or assigned"

A call option is a contract that gives its buyer the right, but not the obligation, to buy a specific number of shares at a predetermined price within a set time period. Think of it as a refundable reservation to buy an item later at today’s price: you pay a fee up front and can profit if the stock rises, while your downside is limited to that fee; investors use calls to gain leverage, speculate on upside, or hedge positions without owning the shares.

receivables financial

"completed the assignment of all receivables they held against the distribution company"

concession regulatory

"supporting the viability of the current concession of Amazonas Energia"

A concession is a small discount or fee taken by an intermediary when securities are sold, such as the portion of the offering price that a dealer or broker keeps for handling the sale. It matters to investors because concessions change the effective purchase price or the net proceeds to the issuer — like a service tip that reduces what the seller gets and affects returns and transaction costs.

disciplined capital allocation financial

"The transaction reinforces AXIA Energia’s commitment to disciplined capital allocation"

forward-looking statements regulatory

"This document may contain estimates and projections that ... may constitute forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 06/11/2026 - 06:04 AM Accepted by SEC EDGAR 06/10/2026 - 08:10 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of June, 2026

Commission File Number 1-34129

AXIA Energia S.A.

(Exact name of registrant as specified in its charter)

AXIA Energia S.A.

(Translation of Registrant's name into English)

Avenida Graça Aranha, 26
Centro, CEP 20030-900
Rio de Janeiro, RJ, Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

AXIA Energia S.A. 00.001.180/0001-26 AXIA Energia Norte S.A. 00.357.038/0001-16 Avenida Graça Aranha, 26 – Centro Rio de Janeiro │RJ – Brasil │20030-900 Ed. Centro Corporativo Portinari, SEPN 504, Bloco D Brasília | DF - Brasil | 70730-524 Credit Assignment – Amazonas Energia Rio de Janeiro, June 10, 2026 - AXIA Energia S.A. (“Company” and “AXIA Energia”), together with its wholly owned subsidiary AXIA Energia Norte S.A. (“AXIA Energia Norte”), hereby informs that, addition to the material facts disclosed on June 10, 2024, May 14, and October 9, 2025, and after the agreed conditions precedent were satisfied, they have, on this date, completed the assignment of all receivables they held against the distribution company Amazonas Energia S.A. (“Amazonas Energia”). In consideration thereof, AXIA Energia and AXIA Energia Norte will receive: • A total of R$ 554.1 million, subject to adjustment until the date of effective payment, related to the settlement of receivables from Amazonas Energia • A call option in the distributor for a minority stake, which may be exercised or assigned to third parties. The transaction completes the structuring of a financially beneficial alternative for the parties, agreed in 2024, by supporting the viability of the current concession of Amazonas Energia and enabling AXIA Energia to capture the economic benefits arising from a potential operational and financial recovery of the distributor. The transaction reinforces AXIA Energia’s commitment to disciplined capital allocation and to the mitigation of operational and financial risks. Eduardo Haiama Vice President of Finance and Investor Relations

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: June 10, 2026

AXIA Energia S.A.
By:	/S/ Eduardo Haiama
	Eduardo Haiama Vice-President of Finance and Investor Relations

FORWARD-LOOKING STATEMENTS

This document may contain estimates and projections that are not statements of past events but reflect our management’s beliefs and expectations and may constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words “believes”, “may”, “can”, “estimates”, “continues”, “anticipates”, “intends”, “expects”, and similar expressions are intended to identify estimates that necessarily involve known and unknown risks and uncertainties. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political, and business conditions in Brazil and abroad; fluctuations in interest rates, inflation, and the value of the Brazilian Real; changes in consumer electricity usage patterns and volumes; competitive conditions; our level of indebtedness; the possibility of receiving payments related to our receivables; changes in rainfall and water levels in reservoirs used to operate our hydroelectric plants; our financing and capital investment plans; existing and future government regulations; and other risks described in our annual report and other documents filed with the CVM and SEC. Estimates and projections refer only to the date they were expressed, and we do not assume any obligation to update any of these estimates or projections due to new information or future events. Future results of the Company’s operations and initiatives may differ from current expectations, and investors should not rely solely on the information contained herein. This material contains calculations that may not reflect precise results due to rounding.

FAQ

What transaction did AXIA Energia (AXIA) complete with Amazonas Energia?

AXIA Energia completed the assignment of all receivables it and its subsidiary held against Amazonas Energia. The deal converts those outstanding receivables into cash proceeds and a call option for a minority stake in the distributor, restructuring AXIA’s exposure to that counterparty.

How much will AXIA Energia receive from the Amazonas Energia receivables settlement?

AXIA Energia and its subsidiary will receive a total of R$ 554.1 million, subject to adjustment until the effective payment date. This amount relates to the settlement of receivables previously held against Amazonas Energia and replaces the prior credit exposure with cash consideration.

What additional right does AXIA Energia obtain besides cash in this transaction?

In addition to cash, AXIA Energia and its subsidiary receive a call option for a minority stake in Amazonas Energia. This option may be exercised or assigned to third parties, giving AXIA potential economic upside from any operational and financial recovery of the distributor.

How does the Amazonas Energia transaction fit AXIA Energia’s strategy?

AXIA Energia states the transaction reinforces its commitment to disciplined capital allocation and mitigating operational and financial risks. By replacing uncertain receivables with cash and a call option, the company aligns its exposure with a structure management describes as a financially beneficial alternative agreed in 2024.

When did AXIA Energia complete the receivables assignment with Amazonas Energia?

AXIA Energia indicates the receivables assignment was completed on June 10, 2026, after agreed conditions precedent were satisfied. This follows earlier related disclosures made on June 10, 2024, May 14, and October 9, 2025, as part of structuring the overall arrangement.

What is the stated purpose of the AXIA–Amazonas Energia receivables deal?

The company explains the transaction completes a structure designed to support the viability of Amazonas Energia’s current concession while enabling AXIA Energia to capture economic benefits from any future operational and financial recovery of the distributor through the call option mechanism.