Companhia Paranaense de Energia – Copel filed a Form 6-K to report that investment funds managed by SPX Gestão de Recursos Ltda. have reduced their relevant shareholding in the company. After recent transactions involving common shares CPLE3, ADRs and stock lending, the SPX-managed funds now hold 104,528,334 common shares, equal to approximately 3.50% of Copel’s outstanding common shares. The letter also states that investors have 44,017,197 common shares borrowed in stock lending operations, a short position in 168,060 ADRs, and a long position in 70,765,694 cash-settled derivative instruments linked to Copel common shares. SPX further notes there is no agreement governing voting rights or the purchase and sale of Copel securities among the funds.
Companhia Paranaense de Energia (Copel) reports updated bylaws approved at its 212th Extraordinary General Meeting of Shareholders. The bylaws set the corporate purpose around researching, producing, transporting, distributing and trading energy, and related infrastructure and telecommunications activities, in Brazil and abroad. Share capital is described as R$12,831,618,938.25, divided into 2,982,810,590 common book-entry shares and 1 special class preferred share held by the State of Paraná.
The new text details governance rules, including a Board of Directors with 7–9 members serving two-year unified terms, a separate Executive Board, and statutory committees for audit, investment and innovation, sustainable development and people. Voting rights are capped so no shareholder or group may exercise more than 10% of voting capital, and shareholder agreements that exceed this limit are prohibited. The State of Paraná’s special preferred share grants veto power over specified matters, such as changes to the corporate name, headquarters location, voting caps, and minimum investment levels for the distribution subsidiary.
The bylaws also define dividend and interest-on-equity distribution of at least 25% of adjusted net income, conditions for capital increases up to 4,000,000,000 shares, rules for related-party approvals, and use of indemnity, insurance and legal defense for managers. They incorporate Novo Mercado requirements, including public tender offers in change-of-control situations and mandatory offers at premium prices if a shareholder or group surpasses 25% or 50% of voting capital, and adopt mandatory arbitration at the Market Arbitration Chamber for corporate disputes.
Companhia Paranaense de Energia – Copel reported that its board of directors approved a proposal to pay extraordinary dividends totaling R$1,350,000,000.00 from profit reserves. Shareholders of record on December 30, 2025 will be entitled to the dividend, with shares trading ex-dividend from January 02, 2026. The per-share amount will be announced later, and payment is expected no later than June 30, 2026, in line with the company’s dividend policy.
The board also approved providing corporate guarantees for the 11th issues of debentures by subsidiaries Copel Distribuição S.A. and Copel Geração e Transmissão S.A., in the amounts of R$2,000,000,000.00 and R$1,200,000,000.00, respectively. These 12‑year, IPCA-linked securities will carry interest based on either an IPCA+ Treasury benchmark minus 0.50% per year or 6.80% per year, as defined in their deeds of issue.
In addition, the board approved Copel’s 2025–2027 materiality process, confirming key ESG priorities such as governance, environmental responsibility and innovation, and agreed to extinguish existing procurement regulations and policy in connection with new procurement and logistics rules.
Companhia Paranaense de Energia – Copel reports the closing of the withdrawal period for preferred shareholders who dissented from the mandatory conversion of all PNA preferred shares into common and class "C" preferred shares. Dissenting PNA holders exercised withdrawal rights on 738 shares at R$ 8.6467556201 per share, for a total refund of R$ 6,381.21, payable on December 19, 2025.
The company confirms it will not call a new meeting to reconsider the conversion and notes that no special balance sheet was requested. Copel also reiterates the previously announced distribution of earnings: interest on equity of R$ 1,100,000,000.00 with a gross amount of R$ 0.37041630274 per common share, and dividends of R$ 1,350,000,000.00 with a gross amount of R$ 0.45460182609 per common share. Both have a record date of December 30, 2025, an ex-date of January 2, 2026, and payment dates on January 19, 2026 and by June 30, 2026, respectively. The interest on equity amount is subject to Brazilian tax rules.
Companhia Paranaense de Energia – COPEL announced that its Board of Directors approved the declaration of dividends totaling R$ 1.35 billion. Shareholders holding the company’s shares at the end of December 30, 2025, the defined record date, will be entitled to receive this dividend, based on trades made up to and including that day. From January 2, 2026, the shares will trade ex-dividend, meaning new buyers after that date will not receive this distribution. The exact payment date will be set at the Annual General Meeting scheduled for April 23, 2026, where further details of the distribution mechanics are expected to be confirmed.
Companhia Paranaense de Energia – Copel announced that its Board of Directors approved dividends totaling R$ 1.35 billion from profit reserves. The indicated gross amount per common share is R$ 0.45460171311, based on Copel’s new share structure after its migration to the Novo Mercado segment, now composed mainly of common shares. Shareholders of record on December 30, 2025 will be entitled to the dividend, and the shares will trade ex-dividend from January 2, 2026. The payment will be made by June 30, 2026, with the exact date to be set at the Annual General Meeting on April 23, 2026, when 2025 financial statements and profit allocation will be analyzed. The per-share amount may be adjusted depending on any exercise of withdrawal rights by preferred shareholders who disagreed with the Novo Mercado migration.
Companhia Paranaense de Energia (Copel) reported mixed Q3 2025 results. Recurring EBITDA rose 7.8% to R$ 1,337.4 million, supported by an 18.7% increase in recurring net operating revenue to R$ 6,810.5 million, with solid contributions from generation, transmission and distribution.
However, reported net income fell 50.6% to R$ 364.2 million, mainly due to a much weaker financial result, as financial expenses grew with higher debt and CDI rates, and lower equity income from affiliates. Recurring net income declined 36.5% to R$ 374.8 million.
Total debt reached R$ 21,091.7 million and net debt R$ 16,560.8 million, pushing leverage to 3.0x, influenced by the acquisition of 70% of the Baixo Iguaçu hydropower plant and a R$ 981.4 million investment program, mostly in the distribution grid. Copel also advanced its migration to B3’s Novo Mercado, completed key divestments, and maintained 100% renewable generation with ongoing ESG and safety improvements.
Companhia Paranaense de Energia – Copel (ELP) filed a report announcing that it will present new operational efficiency and investment targets during Copel Day 2025, a corporate event starting at 9:30 a.m. on the referenced date. The company notes that key goals related to PMSO (personnel, materials, services and others), investments, and its Regulatory Remuneration Base and Regulatory PMSO are detailed in a presentation available on its investor relations website. Copel emphasizes that these targets are forward-looking in nature and should not be read as guarantees or promises of performance, since they depend on economic, regulatory and competitive conditions and on the effectiveness of its strategic and operational decisions.
Companhia Paranaense de Energia – Copel (ELP) announced that its Board of Directors approved a capital expenditure program of R$ 17.8 billion for 2026–2030. The plan focuses on strengthening service quality and expanding operational efficiency, aligning investments with the company’s goal of generating sustainable value for shareholders and customers.
For 2026, Copel plans Capex of approximately R$ 3.0 billion
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.