[6-K] Companhia Paranaense de Energia - COPEL American Current Report (Foreign Issuer)
AAR Corp. (FY ended 31 May 2025) reported strong top-line momentum. Consolidated sales rose $461.6 M, or 19.9%, driven mainly by commercial demand and the late-FY24 Product Support acquisition. Commercial revenue grew $338.2 M (+20.6%); government revenue increased $123.4 M (+18.1%). Segment mix: Parts Supply 40% of sales, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%.
Key portfolio moves included the sale of the Landing Gear Overhaul business to GA Telesis for $48 M, producing a $71.1 M divestiture loss, and a $2.1 M gain on exit of an Indian MRO JV. Integration of FY24’s Product Support buy and FY23’s Trax software investment is yielding cost synergies and digital upselling opportunities.
Growth pipeline: new multi-year distribution deals (Unison, Chromalloy, Ontic), an extended FTAI Aviation USM agreement (CFM56 through 2030) and two U.S. Navy P-8A support contracts. Firm backlog stands at $537.2 M (≈75% recognizable in FY26). Airframe MRO capacity is expanding via 114 k sq ft Miami and 80 k sq ft Oklahoma City hangars, targeted for service within 12-18 months (Miami slightly delayed by permitting).
Government exposure remains meaningful: U.S. government agencies and contractors accounted for $687.6 M, 24.7% of revenue. Shares outstanding on 30 Jun 2025 were 35.85 M; non-affiliate market value was ~$2.43 B (11 Nov 2024 close). Workforce totals 5,600 employees and 500 contractors.
AAR Corp. (anno fiscale terminato il 31 maggio 2025) ha registrato una forte crescita dei ricavi. Le vendite consolidate sono aumentate di 461,6 milioni di dollari, pari al 19,9%, trainate principalmente dalla domanda commerciale e dall'acquisizione di Product Support a fine FY24. I ricavi commerciali sono cresciuti di 338,2 milioni di dollari (+20,6%); i ricavi governativi sono aumentati di 123,4 milioni di dollari (+18,1%). Composizione dei segmenti: Parts Supply 40% delle vendite, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%.
Le principali operazioni di portafoglio hanno incluso la cessione del business di revisione degli atterraggi a GA Telesis per 48 milioni di dollari, con una perdita da dismissione di 71,1 milioni di dollari, e un guadagno di 2,1 milioni di dollari dall'uscita da una joint venture MRO in India. L'integrazione dell'acquisizione Product Support del FY24 e dell'investimento nel software Trax del FY23 sta generando sinergie di costo e opportunità di upselling digitale.
Pipeline di crescita: nuovi accordi di distribuzione pluriennali (Unison, Chromalloy, Ontic), estensione dell'accordo FTAI Aviation USM (CFM56 fino al 2030) e due contratti di supporto per il P-8A della Marina degli Stati Uniti. L'ordine fermo ammonta a 537,2 milioni di dollari (circa il 75% riconoscibile nel FY26). La capacità MRO per fusoliere si sta ampliando con due hangar di 114.000 piedi quadrati a Miami e 80.000 piedi quadrati a Oklahoma City, previsti in servizio entro 12-18 mesi (con un leggero ritardo a Miami dovuto a permessi).
L'esposizione governativa rimane significativa: agenzie governative USA e appaltatori rappresentano 687,6 milioni di dollari, il 24,7% dei ricavi. Le azioni in circolazione al 30 giugno 2025 erano 35,85 milioni; il valore di mercato non affiliato era di circa 2,43 miliardi di dollari (chiusura 11 novembre 2024). La forza lavoro conta 5.600 dipendenti e 500 appaltatori.
AAR Corp. (año fiscal finalizado el 31 de mayo de 2025) reportó un fuerte impulso en sus ingresos. Las ventas consolidadas aumentaron 461,6 millones de dólares, o un 19,9%, impulsadas principalmente por la demanda comercial y la adquisición de Product Support a finales del FY24. Los ingresos comerciales crecieron 338,2 millones de dólares (+20,6%); los ingresos gubernamentales aumentaron 123,4 millones de dólares (+18,1%). Composición por segmento: Parts Supply 40% de las ventas, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%.
Movimientos clave en el portafolio incluyeron la venta del negocio de revisión de trenes de aterrizaje a GA Telesis por 48 millones de dólares, generando una pérdida por desinversión de 71,1 millones de dólares, y una ganancia de 2,1 millones de dólares por la salida de una JV MRO en India. La integración de la compra de Product Support en FY24 y la inversión en software Trax en FY23 está generando sinergias de costos y oportunidades de venta digital adicional.
Tubería de crecimiento: nuevos acuerdos plurianuales de distribución (Unison, Chromalloy, Ontic), extensión del acuerdo FTAI Aviation USM (CFM56 hasta 2030) y dos contratos de soporte para el P-8A de la Marina de EE.UU. La cartera firme es de 537,2 millones de dólares (≈75% reconocible en FY26). La capacidad MRO de fuselaje se está expandiendo con hangares de 114,000 pies cuadrados en Miami y 80,000 pies cuadrados en Oklahoma City, previstos para entrar en servicio en 12-18 meses (Miami con ligero retraso por permisos).
La exposición gubernamental sigue siendo significativa: agencias gubernamentales y contratistas de EE.UU. representaron 687,6 millones de dólares, el 24,7% de los ingresos. Las acciones en circulación al 30 de junio de 2025 fueron 35,85 millones; el valor de mercado no afiliado rondaba los 2,43 mil millones de dólares (cierre 11 de noviembre de 2024). La plantilla suma 5,600 empleados y 500 contratistas.
AAR Corp. (2025년 5월 31일 종료 회계연도)는 강력한 매출 성장세를 보고했습니다. 연결 매출은 4억 6,160만 달러, 19.9% 증가했으며, 주로 상업 수요와 FY24 말 Product Support 인수에 힘입었습니다. 상업 매출은 3억 3,820만 달러(+20.6%) 증가했고, 정부 매출은 1억 2,340만 달러(+18.1%) 증가했습니다. 부문별 매출 구성은 Parts Supply 40%, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%입니다.
주요 포트폴리오 조치로는 GA Telesis에 랜딩기어 오버홀 사업을 4,800만 달러에 매각하여 7,110만 달러의 처분 손실을 기록했고, 인도 MRO 합작법인에서 210만 달러의 이익을 실현했습니다. FY24 Product Support 인수와 FY23 Trax 소프트웨어 투자 통합으로 비용 시너지와 디지털 업셀링 기회가 창출되고 있습니다.
성장 파이프라인: 다년간 유통 계약 신규 체결(유니슨, 크로몰로이, 온틱), FTAI Aviation USM 계약 연장(CFM56 2030년까지), 미 해군 P-8A 지원 계약 2건. 확정 수주 잔액은 5억 3,720만 달러로 FY26에 약 75% 인식될 예정입니다. 항공기 동체 MRO 능력은 마이애미 11만 4천 평방피트, 오클라호마시티 8만 평방피트 격납고 확장 중이며, 12~18개월 내 서비스 시작 예정(마이애미는 허가 지연으로 약간 지연).
정부 노출도 여전히 중요하며, 미국 정부 기관 및 계약자가 6억 8,760만 달러, 매출의 24.7%를 차지합니다. 2025년 6월 30일 기준 발행 주식 수는 3,585만 주이며, 비계열 시장 가치는 약 24억 3천만 달러(2024년 11월 11일 종가 기준)입니다. 직원 수는 5,600명, 계약직은 500명입니다.
AAR Corp. (exercice clos le 31 mai 2025) a enregistré une forte dynamique de chiffre d'affaires. Les ventes consolidées ont augmenté de 461,6 M$ soit 19,9%, principalement grâce à la demande commerciale et à l'acquisition de Product Support en fin d'exercice 2024. Les revenus commerciaux ont progressé de 338,2 M$ (+20,6%) ; les revenus gouvernementaux ont augmenté de 123,4 M$ (+18,1%). Répartition par segment : Parts Supply 40% des ventes, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%.
Les principales opérations de portefeuille ont inclus la vente de l'activité de révision des trains d'atterrissage à GA Telesis pour 48 M$, entraînant une perte de cession de 71,1 M$, ainsi qu'un gain de 2,1 M$ sur la sortie d'une coentreprise MRO en Inde. L'intégration de l'acquisition Product Support de l'exercice 2024 et de l'investissement dans le logiciel Trax de l'exercice 2023 génère des synergies de coûts et des opportunités de vente additionnelle digitale.
Pipeline de croissance : nouveaux contrats de distribution pluriannuels (Unison, Chromalloy, Ontic), prolongation de l'accord FTAI Aviation USM (CFM56 jusqu'en 2030) et deux contrats de support pour le P-8A de la marine américaine. Le carnet de commandes ferme s'élève à 537,2 M$ (environ 75% reconnaissables en FY26). La capacité MRO fuselage s'étend avec des hangars de 114 000 pieds carrés à Miami et 80 000 pieds carrés à Oklahoma City, prévus en service dans 12 à 18 mois (Miami légèrement retardé par des autorisations).
L'exposition gouvernementale reste significative : les agences gouvernementales américaines et les sous-traitants représentaient 687,6 M$, soit 24,7% du chiffre d'affaires. Le nombre d'actions en circulation au 30 juin 2025 était de 35,85 millions ; la valeur de marché hors affiliés était d'environ 2,43 milliards de dollars (cours de clôture au 11 novembre 2024). L'effectif compte 5 600 employés et 500 sous-traitants.
AAR Corp. (Geschäftsjahr endete am 31. Mai 2025) meldete eine starke Umsatzentwicklung. Der konsolidierte Umsatz stieg um 461,6 Mio. USD bzw. 19,9%, hauptsächlich getrieben durch die kommerzielle Nachfrage und die Übernahme von Product Support Ende FY24. Die kommerziellen Erlöse wuchsen um 338,2 Mio. USD (+20,6%), die Regierungserlöse um 123,4 Mio. USD (+18,1%). Segmentmix: Parts Supply 40 % des Umsatzes, Repair & Engineering 32 %, Integrated Solutions 25 %, Expeditionary Services 3 %.
Wichtige Portfolio-Maßnahmen umfassten den Verkauf des Landing Gear Overhaul Geschäfts an GA Telesis für 48 Mio. USD, was einen Veräußerungsverlust von 71,1 Mio. USD zur Folge hatte, sowie einen Gewinn von 2,1 Mio. USD beim Ausstieg aus einem indischen MRO-Joint Venture. Die Integration des Product Support Erwerbs aus FY24 und der Trax-Softwareinvestition aus FY23 führt zu Kostensynergien und digitalen Upselling-Möglichkeiten.
Wachstumspipeline: neue mehrjährige Vertriebsvereinbarungen (Unison, Chromalloy, Ontic), Verlängerung des FTAI Aviation USM-Vertrags (CFM56 bis 2030) sowie zwei Support-Verträge für die US Navy P-8A. Der feste Auftragsbestand beträgt 537,2 Mio. USD (ca. 75 % im FY26 realisierbar). Die MRO-Kapazität für Flugzeugrümpfe wird durch Hangars mit 114.000 sq ft in Miami und 80.000 sq ft in Oklahoma City erweitert, die innerhalb von 12–18 Monaten in Betrieb gehen sollen (Miami leicht verzögert durch Genehmigungen).
Die Regierungsexponierung bleibt bedeutend: US-Regierungsbehörden und Auftragnehmer machten 687,6 Mio. USD, 24,7 % des Umsatzes aus. Die ausstehenden Aktien zum 30. Juni 2025 betrugen 35,85 Mio.; der nicht verbundene Marktwert lag bei ca. 2,43 Mrd. USD (Schlusskurs 11. Nov. 2024). Die Belegschaft umfasst 5.600 Mitarbeiter und 500 Auftragnehmer.
- Sales up 19.9% year-on-year, outpacing industry recovery.
- $537.2 M firm backlog with high near-term conversion.
- Multiple new long-term distribution and Navy contracts extend revenue visibility.
- Integration of Product Support and Trax acquisitions delivering synergies and digital capabilities.
- Airframe MRO capacity expansions in Miami and Oklahoma City support future growth.
- $71.1 M loss on Landing Gear Overhaul divestiture impacts FY25 earnings quality.
- Miami hangar expansion experiencing permitting delays, pushing out capacity addition.
- Continued reliance on U.S. government spending (25% of sales) exposes company to budget risk.
Insights
TL;DR – 19.9% sales surge, contract wins, but divestiture charge trims bottom-line quality.
Revenue acceleration confirms robust aftermarket cycle and successful Product Support integration. Distribution contracts and Navy awards broaden multi-year visibility, while a $537 M backlog supports FY26 growth. However, the $71 M write-down on Landing Gear Overhaul masks underlying EBIT leverage and underscores execution risk in portfolio pruning. Facility expansions should lift long-run capacity but near-term capex and Miami delays warrant monitoring. Overall, qualitative tone remains positive with balanced risk.
TL;DR – Stable federal exposure; budget shifts remain a watch-item.
U.S. government revenue rose 19% to $688 M, buoyed by P-8A contracts and DoD logistics work. Contract structure (multi-year ID/IQ, performance-based) offers predictability, yet future appropriations or State-Department cuts could compress volumes. Backlog conversion (75% within 12 months) provides near-term cushion. No compliance red flags noted; continued large-accelerated-filer status suggests strong reporting discipline.
AAR Corp. (anno fiscale terminato il 31 maggio 2025) ha registrato una forte crescita dei ricavi. Le vendite consolidate sono aumentate di 461,6 milioni di dollari, pari al 19,9%, trainate principalmente dalla domanda commerciale e dall'acquisizione di Product Support a fine FY24. I ricavi commerciali sono cresciuti di 338,2 milioni di dollari (+20,6%); i ricavi governativi sono aumentati di 123,4 milioni di dollari (+18,1%). Composizione dei segmenti: Parts Supply 40% delle vendite, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%.
Le principali operazioni di portafoglio hanno incluso la cessione del business di revisione degli atterraggi a GA Telesis per 48 milioni di dollari, con una perdita da dismissione di 71,1 milioni di dollari, e un guadagno di 2,1 milioni di dollari dall'uscita da una joint venture MRO in India. L'integrazione dell'acquisizione Product Support del FY24 e dell'investimento nel software Trax del FY23 sta generando sinergie di costo e opportunità di upselling digitale.
Pipeline di crescita: nuovi accordi di distribuzione pluriennali (Unison, Chromalloy, Ontic), estensione dell'accordo FTAI Aviation USM (CFM56 fino al 2030) e due contratti di supporto per il P-8A della Marina degli Stati Uniti. L'ordine fermo ammonta a 537,2 milioni di dollari (circa il 75% riconoscibile nel FY26). La capacità MRO per fusoliere si sta ampliando con due hangar di 114.000 piedi quadrati a Miami e 80.000 piedi quadrati a Oklahoma City, previsti in servizio entro 12-18 mesi (con un leggero ritardo a Miami dovuto a permessi).
L'esposizione governativa rimane significativa: agenzie governative USA e appaltatori rappresentano 687,6 milioni di dollari, il 24,7% dei ricavi. Le azioni in circolazione al 30 giugno 2025 erano 35,85 milioni; il valore di mercato non affiliato era di circa 2,43 miliardi di dollari (chiusura 11 novembre 2024). La forza lavoro conta 5.600 dipendenti e 500 appaltatori.
AAR Corp. (año fiscal finalizado el 31 de mayo de 2025) reportó un fuerte impulso en sus ingresos. Las ventas consolidadas aumentaron 461,6 millones de dólares, o un 19,9%, impulsadas principalmente por la demanda comercial y la adquisición de Product Support a finales del FY24. Los ingresos comerciales crecieron 338,2 millones de dólares (+20,6%); los ingresos gubernamentales aumentaron 123,4 millones de dólares (+18,1%). Composición por segmento: Parts Supply 40% de las ventas, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%.
Movimientos clave en el portafolio incluyeron la venta del negocio de revisión de trenes de aterrizaje a GA Telesis por 48 millones de dólares, generando una pérdida por desinversión de 71,1 millones de dólares, y una ganancia de 2,1 millones de dólares por la salida de una JV MRO en India. La integración de la compra de Product Support en FY24 y la inversión en software Trax en FY23 está generando sinergias de costos y oportunidades de venta digital adicional.
Tubería de crecimiento: nuevos acuerdos plurianuales de distribución (Unison, Chromalloy, Ontic), extensión del acuerdo FTAI Aviation USM (CFM56 hasta 2030) y dos contratos de soporte para el P-8A de la Marina de EE.UU. La cartera firme es de 537,2 millones de dólares (≈75% reconocible en FY26). La capacidad MRO de fuselaje se está expandiendo con hangares de 114,000 pies cuadrados en Miami y 80,000 pies cuadrados en Oklahoma City, previstos para entrar en servicio en 12-18 meses (Miami con ligero retraso por permisos).
La exposición gubernamental sigue siendo significativa: agencias gubernamentales y contratistas de EE.UU. representaron 687,6 millones de dólares, el 24,7% de los ingresos. Las acciones en circulación al 30 de junio de 2025 fueron 35,85 millones; el valor de mercado no afiliado rondaba los 2,43 mil millones de dólares (cierre 11 de noviembre de 2024). La plantilla suma 5,600 empleados y 500 contratistas.
AAR Corp. (2025년 5월 31일 종료 회계연도)는 강력한 매출 성장세를 보고했습니다. 연결 매출은 4억 6,160만 달러, 19.9% 증가했으며, 주로 상업 수요와 FY24 말 Product Support 인수에 힘입었습니다. 상업 매출은 3억 3,820만 달러(+20.6%) 증가했고, 정부 매출은 1억 2,340만 달러(+18.1%) 증가했습니다. 부문별 매출 구성은 Parts Supply 40%, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%입니다.
주요 포트폴리오 조치로는 GA Telesis에 랜딩기어 오버홀 사업을 4,800만 달러에 매각하여 7,110만 달러의 처분 손실을 기록했고, 인도 MRO 합작법인에서 210만 달러의 이익을 실현했습니다. FY24 Product Support 인수와 FY23 Trax 소프트웨어 투자 통합으로 비용 시너지와 디지털 업셀링 기회가 창출되고 있습니다.
성장 파이프라인: 다년간 유통 계약 신규 체결(유니슨, 크로몰로이, 온틱), FTAI Aviation USM 계약 연장(CFM56 2030년까지), 미 해군 P-8A 지원 계약 2건. 확정 수주 잔액은 5억 3,720만 달러로 FY26에 약 75% 인식될 예정입니다. 항공기 동체 MRO 능력은 마이애미 11만 4천 평방피트, 오클라호마시티 8만 평방피트 격납고 확장 중이며, 12~18개월 내 서비스 시작 예정(마이애미는 허가 지연으로 약간 지연).
정부 노출도 여전히 중요하며, 미국 정부 기관 및 계약자가 6억 8,760만 달러, 매출의 24.7%를 차지합니다. 2025년 6월 30일 기준 발행 주식 수는 3,585만 주이며, 비계열 시장 가치는 약 24억 3천만 달러(2024년 11월 11일 종가 기준)입니다. 직원 수는 5,600명, 계약직은 500명입니다.
AAR Corp. (exercice clos le 31 mai 2025) a enregistré une forte dynamique de chiffre d'affaires. Les ventes consolidées ont augmenté de 461,6 M$ soit 19,9%, principalement grâce à la demande commerciale et à l'acquisition de Product Support en fin d'exercice 2024. Les revenus commerciaux ont progressé de 338,2 M$ (+20,6%) ; les revenus gouvernementaux ont augmenté de 123,4 M$ (+18,1%). Répartition par segment : Parts Supply 40% des ventes, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%.
Les principales opérations de portefeuille ont inclus la vente de l'activité de révision des trains d'atterrissage à GA Telesis pour 48 M$, entraînant une perte de cession de 71,1 M$, ainsi qu'un gain de 2,1 M$ sur la sortie d'une coentreprise MRO en Inde. L'intégration de l'acquisition Product Support de l'exercice 2024 et de l'investissement dans le logiciel Trax de l'exercice 2023 génère des synergies de coûts et des opportunités de vente additionnelle digitale.
Pipeline de croissance : nouveaux contrats de distribution pluriannuels (Unison, Chromalloy, Ontic), prolongation de l'accord FTAI Aviation USM (CFM56 jusqu'en 2030) et deux contrats de support pour le P-8A de la marine américaine. Le carnet de commandes ferme s'élève à 537,2 M$ (environ 75% reconnaissables en FY26). La capacité MRO fuselage s'étend avec des hangars de 114 000 pieds carrés à Miami et 80 000 pieds carrés à Oklahoma City, prévus en service dans 12 à 18 mois (Miami légèrement retardé par des autorisations).
L'exposition gouvernementale reste significative : les agences gouvernementales américaines et les sous-traitants représentaient 687,6 M$, soit 24,7% du chiffre d'affaires. Le nombre d'actions en circulation au 30 juin 2025 était de 35,85 millions ; la valeur de marché hors affiliés était d'environ 2,43 milliards de dollars (cours de clôture au 11 novembre 2024). L'effectif compte 5 600 employés et 500 sous-traitants.
AAR Corp. (Geschäftsjahr endete am 31. Mai 2025) meldete eine starke Umsatzentwicklung. Der konsolidierte Umsatz stieg um 461,6 Mio. USD bzw. 19,9%, hauptsächlich getrieben durch die kommerzielle Nachfrage und die Übernahme von Product Support Ende FY24. Die kommerziellen Erlöse wuchsen um 338,2 Mio. USD (+20,6%), die Regierungserlöse um 123,4 Mio. USD (+18,1%). Segmentmix: Parts Supply 40 % des Umsatzes, Repair & Engineering 32 %, Integrated Solutions 25 %, Expeditionary Services 3 %.
Wichtige Portfolio-Maßnahmen umfassten den Verkauf des Landing Gear Overhaul Geschäfts an GA Telesis für 48 Mio. USD, was einen Veräußerungsverlust von 71,1 Mio. USD zur Folge hatte, sowie einen Gewinn von 2,1 Mio. USD beim Ausstieg aus einem indischen MRO-Joint Venture. Die Integration des Product Support Erwerbs aus FY24 und der Trax-Softwareinvestition aus FY23 führt zu Kostensynergien und digitalen Upselling-Möglichkeiten.
Wachstumspipeline: neue mehrjährige Vertriebsvereinbarungen (Unison, Chromalloy, Ontic), Verlängerung des FTAI Aviation USM-Vertrags (CFM56 bis 2030) sowie zwei Support-Verträge für die US Navy P-8A. Der feste Auftragsbestand beträgt 537,2 Mio. USD (ca. 75 % im FY26 realisierbar). Die MRO-Kapazität für Flugzeugrümpfe wird durch Hangars mit 114.000 sq ft in Miami und 80.000 sq ft in Oklahoma City erweitert, die innerhalb von 12–18 Monaten in Betrieb gehen sollen (Miami leicht verzögert durch Genehmigungen).
Die Regierungsexponierung bleibt bedeutend: US-Regierungsbehörden und Auftragnehmer machten 687,6 Mio. USD, 24,7 % des Umsatzes aus. Die ausstehenden Aktien zum 30. Juni 2025 betrugen 35,85 Mio.; der nicht verbundene Marktwert lag bei ca. 2,43 Mrd. USD (Schlusskurs 11. Nov. 2024). Die Belegschaft umfasst 5.600 Mitarbeiter und 500 Auftragnehmer.
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 July, 2025
Commission File Number 1-14668
COMPANHIA PARANAENSE DE ENERGIA
(Exact name of registrant as specified in its charter)
Energy Company of Paraná
(Translation of Registrant's name into English)
José Izidoro Biazetto, 158
81200-240 Curitiba, Paraná
Federative Republic of Brazil
+55 (41) 3331-4011
(Address of principal executive offices)
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____
COMPANHIA
PARANAENSE DE ENERGIA - COPEL
CNPJ/ME 76.483.817/0001-20 - NIRE 41300036535 - CVM Registration 1431-1
B3 (CPLE3, CPLE5, CPLE6)
NYSE (ELP, ELPC)
LATIBEX (XCOP, XCOPO)
Copel DIS grid market declines 0.7% in 2Q25.
Year-to-date growth of 1.3%
COPEL (“Company”) hereby presents its shareholders and the market in general the performance of the energy market in the second quarter of 2025.
Distribution
Grid Market
In the second quarter of 2025, electricity consumption in Copel Distribuição's grid market fell 0.7% compared to the same period last year. This decline is mainly due to the milder weather observed this year, which reduced demand in the residential and commercial segments. On the other hand, the industrial segment performed better, helping to offset part of this reduction and demonstrating the strength and resilience of the economy in the area served by Copel. The billed grid market, which includes energy offset by Mini and Micro Distributed Generation (MMGD), fell by 2.6% in the second quarter of 2025.
The following chart shows the electricity consumed by class in Q2 2025:
The following table shows Copel's total energy sales, broken down between Copel DisCo, Copel GenCo, Wind Farms and Copel TradeCo:
Note: Does not consider the energy made available through the MRE (Energy Reallocation Mechanism).
1 Includes Short-Term Sales Contracts and CBR.
2 Negative values mean that there were more purchases than sales.
CCEE: Electric Energy Trading Chamber / CCEAR: Energy Trading Contracts in the Regulated Environment / MCP: Short-Term Market / CER: Reserve Energy Contract / MCSD EN - Compensation Mechanism for New Energy Surpluses and Deficits / MVE - Sale of energy to the free market through the Surplus Sale Mechanism.
Curitiba, July 21, 2025
Felipe Gutterres
Vice-President of Finance and Investor Relations
For further information, please contact the Investor
Relations team:
ri@copel.com or (41) 3331-4011
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 July 21, 2025
| COMPANHIA PARANAENSE DE ENERGIA – COPEL | ||
| By: |
/S/ Daniel Pimentel Slaviero |
|
| Daniel Pimentel Slaviero Chief Executive Officer |
||
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
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