AXIA Energia S.A. Schedule 13G shows BlackRock, Inc. reports beneficial ownership of 103,762,458 shares of Common Stock, representing 5.1% of the class. The filing states BlackRock has sole dispositive power over 103,762,458 shares and sole voting power over 100,697,684 shares. The filing lists BlackRock's principal address and notes that various persons may have rights to dividends or sale proceeds; no other single person holds over 5%.
Positive
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Insights
BlackRock holds a 5.1% stake in AXIA Energia, disclosed via Schedule 13G.
The filing documents that BlackRock, Inc. beneficially owns 103,762,458 shares and reports sole voting power of 100,697,684 and sole dispositive power of 103,762,458. This reflects a passive investor disclosure consistent with a Schedule 13G filing.
Position size is clearly stated; any changes in voting or disposition powers would appear in subsequent ownership filings. Timing and trading intentions are not included in the excerpt.
Key Figures
Beneficial ownership:103,762,458 sharesPercent of class:5.1%Sole voting power:100,697,684 shares+1 more
4 metrics
Beneficial ownership103,762,458 sharesAmount beneficially owned as reported on Schedule 13G
Percent of class5.1%Percent of common stock beneficially owned
Sole voting power100,697,684 sharesShares with sole power to vote or direct the vote
Sole dispositive power103,762,458 sharesShares with sole power to dispose or direct disposition
Key Terms
Schedule 13G, beneficially owned, sole dispositive power, sole voting power
4 terms
Schedule 13Gregulatory
"In accordance with SEC Release No. 34-39538 (January 12, 1998)"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially ownedfinancial
"Amount beneficially owned: 103,762,458"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 103,762,458"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
sole voting powerregulatory
"Sole power to vote or to direct the vote: 100,697,684"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
What stake does BlackRock report in AXIA Energia (EBR)?
BlackRock reports beneficial ownership of 103,762,458 shares, equal to 5.1% of AXIA Energia's common stock. The filing is a Schedule 13G disclosure of holdings by BlackRock's reporting business units.
How much voting power does BlackRock have in AXIA Energia?
BlackRock reports 100,697,684 shares with sole voting power. The Schedule 13G lists sole voting and dispositive power figures tied to the reported 103,762,458 shares it beneficially owns.
Does the filing say BlackRock controls other holders' shares?
The filing states various persons may have rights to dividends or proceeds, and no other single person holds over 5%. It does not assert control of other identified holders' shares beyond reported powers.
What filing type did BlackRock use to disclose this position?
BlackRock used a Schedule 13G to disclose the position in AXIA Energia. Schedule 13G is typically used for passive or qualifying institutional investors to report beneficial ownership.
Who signed the Schedule 13G for BlackRock?
The filing is signed by Spencer Fleming, Managing Director, with signature date 04/29/2026, and references Exhibit 24 (Power of Attorney) and Exhibit 99 (Item 7).
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AXIA Energia S.A.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
P22835113
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
P22835113
1
Names of Reporting Persons
BlackRock, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
100,697,684.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
103,762,458.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
103,762,458.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.1 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
AXIA Energia S.A.
(b)
Address of issuer's principal executive offices:
AVENIDA GRACA ARANHA, 26, 19TH FLOOR, CENTRO, RIO DE JANEIRO, BRAZIL, 20030900
Item 2.
(a)
Name of person filing:
BlackRock, Inc.
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)
Address or principal business office or, if none, residence:
BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)
Citizenship:
See Item 4 of Cover Page
(d)
Title of class of securities:
Common Stock
(e)
CUSIP Number(s):
P22835113
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
103,762,458
(b)
Percent of class:
5.1%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
100,697,684
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
103,762,458
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of AXIA Energia S.A. No one person's interest in the common stock of AXIA Energia S.A. is more than five percent of the total outstanding common shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit 99
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
