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AXIA Energia S.A. director Pedro Batista de Lima Filho reported multiple portfolio trades in AXIA shares by Brazilian investment vehicles he is associated with. On May 18, 2026, managed accounts executed open‑market purchases and sales of Class "B1" Preferred Shares, Common Shares, and Class "C" Preferred Shares, resulting in a net sale of 701,600 shares across the reported transactions.
The filing shows 6 open‑market purchases and 10 open‑market sales, with example prices of $11.38 per Class "B1" Preferred Share, $10.35 and $10.34 per Common Share, and $9.98 per Class "C" Preferred Share. Footnotes state these are weighted average prices in Brazilian reais, converted to U.S. dollars using a 5.2540 BRL per USD rate.
Filho is a partner at Radar Gestora de Recursos Ltda., which manages entities including Maliko, Manuka, Radar, Infrad, Tucurui, and Xingo. The filing explains that these entities and Filho may be deemed to indirectly beneficially own the reported securities, but each disclaims beneficial ownership except to the extent of pecuniary interest. The report also notes remaining indirect holdings of Class "C" Preferred Shares that are automatically convertible into Common Shares at a 1:1 ratio under the company’s bylaws.
AXIA Energia S.A. director-associated investment vehicles managed by Radar Gestora de Recursos reported net open-market sales of 861,500 shares of AXIA Energia securities on May 15, 2026. The trades involved both Class “B1” preferred shares and common shares, executed at reported weighted average prices in Brazilian reals converted into U.S. dollars.
These positions are held in managed accounts such as Maliko, Manuka, Radar, Infrad, Tucurui and Xingo, where Pedro Batista de Lima Filho is a partner of Radar Gestora and receives performance-based compensation. The filing states that both the vehicles and Mr. Filho disclaim beneficial ownership of the reported securities except to the extent of any pecuniary interest.
AXIA Energia S.A. director Pedro Batista de Lima Filho reported open-market sales of AXIA shares executed through managed accounts on May 13, 2026. Accounts managed by Radar Gestora de Recursos sold a total of 666,300 shares, including Class "B1" preferred and common shares, in multiple transactions.
The non-derivative sales were reported at prices of $11.72 per Class "B1" Preferred Share and $10.62 per Common Share, with related footnotes also disclosing weighted average prices in Brazilian reals. These holdings are indirect, and both the accounts and Mr. Filho disclaim beneficial ownership except for any pecuniary interest.
AXIA Energia S.A. director Pedro Batista de Lima Filho reported open-market sales of a combined 646,900 shares of AXIA securities on managed accounts associated with him. The sales included both Class "B1" preferred shares and common shares.
The Class "B1" preferred sales were executed at about $11.96 per share, while common share sales were at about $10.91 per share. After these transactions, the filing shows that various managed accounts and direct holdings continue to own multiple blocks of AXIA common and preferred shares, with beneficial ownership disclaimed except for Filho’s pecuniary interest.
AXIA Energia S.A. director Pedro Batista de Lima Filho reported multiple open‑market purchases and sales of Common, Class "B1" Preferred, and Class "C" Preferred Shares on May 8, 2026, executed through various managed accounts. Across all trades, the accounts bought 4,144,000 shares and sold 4,426,200 shares, a net sale of 282,200 shares. Reported prices included about $11.18 per Common Share and $12.29 per Class "B1" Preferred Share. Filho directly holds 51,115 Common Shares, while the indirect positions are managed by entities such as Maliko, Manuka, Tucurui, Xingo, Radar and Infrad, with both those entities and Filho disclaiming beneficial ownership beyond their pecuniary interest. The Class "C" Preferred Shares are automatically convertible into Common Shares on a 1:1 basis in stages from fiscal year 2026 through 2031.
AXIA Energia S.A. director Corso Matte Ana Silvia reported open-market purchases of 2,000 common shares. On May 8, 2026, 1,000 shares were bought indirectly through a spouse at about $11.20 per share and 1,000 shares were bought directly at about $11.19 per share.
The filing shows 1,000 common shares held indirectly by spouse and 13,200 common shares held directly following these transactions. The reported U.S. dollar prices reflect conversion from Brazilian real purchase prices of $58.83 and $58.80 per share using a 5.2540 BRL per USD exchange rate.
Axia Energia S.A. is updating and formalizing unified internal regulations for its Board of Directors’ advisory committees and disclosing them to investors. The rules cover five committees: Audit and Risk, Planning and Projects, People and Governance, Legal Affairs Support, and Sustainability.
The document sets how committees are composed (3 to 5 members, with independent majorities and fully independent members in key committees), their terms, reappointment limits, and coordination. It details meeting procedures, documentation, performance evaluations, and support from the Governance Secretariat.
Annexes specify the duties of each committee, including oversight of audits, internal controls, risk management, strategy, capital structure, M&A, governance, succession, legal disputes, and sustainability/ESG matters. The new regulations were approved by the Board of Directors in Resolution No. 052/2026 and took effect the same day.
AXIA Energia reported much stronger results for 1Q26, helped by higher energy margins and lower non-manageable costs. Net operating revenue rose to R$ 12.7 billion, up 22.1% year over year, while adjusted regulatory net operating revenue reached R$ 11.6 billion, up 19.7%.
Adjusted regulatory EBITDA climbed 60.0% to R$ 8.6 billion, driven mainly by the generation segment, where the contribution margin jumped to R$ 5.98 billion from R$ 2.53 billion. The ACL and short-term markets delivered a unit margin of R$ 171/MWh and a contribution margin of R$ 4.60 billion.
Under IFRS, adjusted net income swung to a R$ 3.71 billion profit from a R$ 80 million loss in 1Q25, despite lower transmission margins caused by a new R$ 725 million regulatory restitution provision. Net debt stood at R$ 46.0 billion, with adjusted net debt at 1.9x adjusted LTM EBITDA, as the company invested R$ 1.36 billion mainly in transmission expansion and reinforcements.
AXIA Energia S.A. reports the expiration of the appraisal rights period for its Class A1 and B1 preferred shares as part of its migration to the Novo Mercado of B3. Only one dissenting shareholder, holding 20 PNB1 shares, exercised appraisal rights.
The redemption value was set at R$ 40.6218599632 per PNB1 share, totaling R$ 812.44 to be paid by the company. Management states that this payment does not affect AXIA Energia’s financial stability and will not trigger a new general meeting to reconsider the preferred share conversion. Payment is expected on May 8, 2026.