STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

Copel sets 2025 IOE of R$1.1B and multi‑year capex budget

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Companhia Paranaense de Energia (Copel) reported that its board approved a distribution of earnings as Interest on Equity (IOE) of R$1,100,000,000.00, based on results for the first half of 2025. The IOE will be credited to shareholders of record on December 30, 2025, and will be paid on January 19, 2026, with the net amount counted toward the mandatory dividend for the 2025 fiscal year.

The board also approved Copel’s Business Budget for 2026–2030, including an Annual Investment Budget for 2026 of R$3,021,288,866.00 and a projected total for 2027 to 2030 of R$14,898,649,423.00. These figures cover Copel Holding and its wholly owned subsidiaries and reflect updated assumptions for funding, investments and the company’s projected financial statements.

Positive

  • None.

Negative

  • None.

Insights

Copel sets large 2025 IOE payout and multi‑year capex plan.

Copel approved an Interest on Equity distribution of R$1.1 billion tied to first-half 2025 results. This IOE will be credited to shareholders of record on December 30, 2025 and paid on January 19, 2026, and the net amount will be included in the 2025 mandatory dividend. The company notes that payment in early 2026 is an exception related to its migration to the Novo Mercado segment.

The board also endorsed a Business Budget through 2030, with an investment budget of R$3,021,288,866.00 for 2026 and R$14,898,649,423.00 for 2027–2030. These planned investments cover Copel Holding and wholly owned subsidiaries and are based on updated funding and operating assumptions. The impact on financial metrics will depend on how actual results, financing conditions and regulatory factors evolve versus these projections.


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 November, 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 No. 76.483.817/0001-20

PUBLIC COMPANY

CVM Registration No. 1431-1

NIRE 41300036535

 

 

CERTIFICATE OF THE MINUTES OF THE 264TH

EXTRAORDINARY MEETING OF THE BOARD OF DIRECTORS

 

I certify, for all intents and purposes, that on November 18, 2025, at 4 p.m., the undersigned members of the Board of Directors registered this meeting, through vote by electronic means, to decide on the matters set forth in the agenda.

 

The Board of Directors has decided on:

 

01. PROPOSAL FOR INCOME VIA INTEREST ON EQUITY - IOE - The Vice Presidency of Finance and Investor Relations has made available a proposal for distribution of earnings in the form of Interest on Equity - IOE (Juros sobre Capital Próprio - JCP) in the gross amount of R$1,100,000,000.00 (one billion, one hundred million reais), based on the results for the first half of 2025, to be credited to shareholders of record on December 30, 2025 (cut-off date), respecting negotiations carried out up to and including that date. The IOE amounts, net of withholding taxes, will be allocated to the mandatory dividend for the 2025 fiscal year, in accordance with the criteria established in Article 87, Paragraph 2 of the Company's Bylaws. Additionally, it was clarified that, exceptionally, due to the migration process to the Novo Mercado, the payment of IOE will occur at the beginning of the following year (2026). After reviewing and discussing the matter, the material for which remains in the custody of the Department of Secretariat, and based on the favorable recommendation of the Company's Executive Board, issued at its 2652nd Meeting, of November 6, 2025, the Board of Directors unanimously decided to approve the proposal for the distribution of interim dividends for the 2025 fiscal year, in the form of IOE, with the second payment event of the year, in accordance with item 1.8.3 of the Dividend Policy, to be held on January 19, 2026, pursuant to Article 30, item XXII, and Article 87, §1 of the Company's Bylaws. ------------------------------------------------------------------------------------------------

02. BUSINESS BUDGET AND ANNUAL INVESTMENT BUDGET - The Vice Presidency of Finance and Investor Relations has made available a Business Budget proposal for the fiscal years 2026-2030, updating the assumptions for its preparation, considering the funding and investment programs regarding Copel (Holding) and its Wholly Owned Subsidiaries, as well as the respective impacts of the proposal on the Company's projected financial statements. It was reported that the Annual Investment Budget for the 2026 fiscal year will be of R$3,021,288,866.00 (three billion, twenty-one million, two hundred and eighty-eight thousand, eight hundred and sixty-six reais) and the forecast for the years 2027 to 2030 will be R$14,898,649,423.00 (fourteen billion, eight hundred and ninety-eight million, six hundred and forty-nine thousand, four hundred and twenty-three reais), at current values. After careful analysis of the subject and based on the favorable recommendation of the Company's Executive Board, issued at its 2652nd Meeting, of November 6, 2025, as well as of the Investment and Innovation Committee, at its 77th Meeting, of November 11, 2025, the Board of Directors unanimously decided to approve the Company Budget Proposal for the period from 2026 to 2030, as detailed in the material provided, a copy of which remains in the custody of the Department of Secretariat. -------------------

 

Attendance: MARCEL MARTINS MALCZEWSKI (Chairman); AUGUSTO CEZAR TAVARES BAIÃO; GERALDO CORRÊA DE LYRA JUNIOR; JACILDO LARA MARTINS; MARCO ANTÔNIO BARBOSA CÂNDIDO; MOACIR CARLOS BERTOL; PEDRO FRANCO SALES; RAUL ALMEIDA CADENA; VIVIANE ISABELA DE OLIVEIRA MARTINS; and KARINE SATIE YOSHIOKA (Secretary).

 

 

KARINE SATIE YOSHIOKA

Copel’s Secretary of Governance

 

 
 

 

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 November 19, 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.


FAQ

What dividend-related action did Copel (ELP) announce in this 6-K?

Copel’s board approved a distribution of earnings in the form of Interest on Equity (IOE) totaling R$1,100,000,000.00, based on results for the first half of 2025, to be credited to shareholders of record on December 30, 2025.

When will Copel’s R$1.1 billion IOE be paid and who is eligible?

The IOE will be credited to shareholders of record on December 30, 2025, respecting trades up to and including that date, and payment will occur on January 19, 2026.

How does the IOE relate to Copel’s 2025 mandatory dividend?

The IOE amounts, net of withholding taxes, will be allocated to the mandatory dividend for the 2025 fiscal year, following the criteria in Article 87, Paragraph 2 of Copel’s Bylaws.

Why is Copel’s IOE payment for 2025 occurring in early 2026?

The company stated that, exceptionally, the IOE payment will occur at the beginning of 2026 due to Copel’s migration process to the Novo Mercado listing segment.

What investment budgets did Copel approve for 2026–2030?

Copel approved an Annual Investment Budget of R$3,021,288,866.00 for 2026 and a projected total of R$14,898,649,423.00 for the years 2027 to 2030, at current values.

Which parts of Copel are covered by the 2026–2030 Business Budget?

The Business Budget covers Copel (Holding) and its wholly owned subsidiaries, including their funding and investment programs and related impacts on projected financial statements.

Did Copel’s board approve the 2026–2030 budget unanimously?

Yes. After analysis and favorable recommendations from the Executive Board and the Investment and Innovation Committee, Copel’s Board of Directors unanimously approved the 2026–2030 Company Budget Proposal.

Companhia Paranaense de Energia

NYSE:ELP

ELP Rankings

ELP Latest News

ELP Latest SEC Filings

ELP Stock Data

7.70B
745.70M
4.51%
0.09%
Utilities - Regulated Electric
Utilities
Link
Brazil
Curitiba