Welcome to our dedicated page for Companhia Paranaense de Energia SEC filings (Ticker: ELPC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Companhia Paranaense de Energia - COPEL filings document the U.S. disclosure record of a Brazilian foreign private issuer with American depositary shares. Its Form 6-K reports provide operational and financial updates for generation, transmission, commercialization and distribution activities, including energy sales, grid-market data, operating revenue, costs, EBITDA, net income, leverage and capital expenditures.
The filing record also covers shareholder-return actions such as dividends and interest on equity, annual and extraordinary general meeting minutes, board deliberations, governance procedures, sustainability communications and securities identifiers across B3, NYSE and LATIBEX. These materials are furnished under the Exchange Act framework for a Form 20-F foreign issuer.
Companhia Paranaense de Energia (Copel) reports strong 4Q25 and full-year 2025 results, combining growth, portfolio reshaping, and higher shareholder payouts. Recurring Ebitda reached R$ 1.4 billion in 4Q25, up 16.1% from 4Q24, and R$ 5.5 billion in 2025, an annual increase of 10.2%.
Recurring net income was R$ 682.6 million in 4Q25 and R$ 2.1 billion in 2025, while reported 4Q25 net profit rose 85.4% year over year to R$ 1.07 billion. Leverage stood at 2.7x net debt/Ebitda, within Copel’s targeted capital structure, with net operating cash flow of R$ 3.0 billion in 2025.
The company completed the divestment of the Baixo Iguaçu hydropower plant for R$ 1.7 billion and finalized its migration to B3’s Novo Mercado, now trading solely with common shares and paying a R$ 1.3 billion premium to shareholders. Total 4Q25 shareholder remuneration approved was R$ 2.45 billion in dividends and interest on equity, plus the Novo Mercado premium.
Across segments, DisCo delivered recurring Ebitda of R$ 2.6 billion in 2025 with record R$ 3.0 billion investment focused on grid modernization and smart meters, while GenCo posted recurring Ebitda of R$ 2.9 billion, helped by transmission expansion and efficiency. TradeCo improved quarterly performance through higher bilateral volumes. Copel also highlighted ESG progress, including a 100% renewable generation mix, major smart grid rollout, and an “A” score in CDP’s 2025 climate questionnaire.
Companhia Paranaense de Energia – Copel announced a leadership change at its generation and transmission subsidiary, Copel Geração e Transmissão S.A. Mr. Rogério Pereira Jorge has taken office as General Director of Copel GeT.
He holds law and business degrees, including MBAs from Fundação Getulio Vargas and FIA‑USP, and brings 27 years of experience in Brazil’s electricity sector across generation, distribution and energy trading. His recent roles include CEO of AES Brasil and Director of Energy Business and Supply at Companhia Brasileira de Alumínio.
Copel thanked board member Moacir Carlos Bertol for his contributions while he simultaneously served as General Director of Copel GeT. Under Mr. Jorge’s leadership, Copel GeT is expected to continue emphasizing efficiency in power generation and transmission, sustainability, operational excellence and ongoing value creation for shareholders.
Companhia Paranaense de Energia – Copel filed a report noting that investment manager BlackRock, Inc., on behalf of some of its clients, has increased its stake in Copel’s common shares. As of February 3, 2026, BlackRock holds an aggregate of 148,301,789 common shares and 1,458,171 ADRs representing 5,832,685 common shares, totaling 154,134,474 common shares, or about 5.17% of Copel’s outstanding common shares. BlackRock also holds 690,443 cash‑settled derivative instruments referenced to Copel common shares, equivalent to approximately 0.023% of the common shares. BlackRock states the position is strictly for investment purposes, with no intention to change Copel’s control or management structure, and confirms it has not entered into agreements governing voting or trading of Copel securities.
Companhia Paranaense de Energia – Copel furnished a 6-K reporting governance changes approved at its 270th ordinary Board of Directors meeting. The board recorded the resignation of director Augusto Cezar Tavares Baião, who submitted a letter stepping down on January 7, 2026.
The board also approved updates to internal regulations following Copel’s listing on the B3 Novo Mercado. It decided to simplify the Internal Regulations of the Board of Directors and the Statutory Audit Committee, and to unify the Internal Regulations of the People, Investment and Innovation, and Sustainable Development Committees.
Companhia Paranaense de Energia – Copel reports that independent board member Mr. Augusto Cezar Tavares Baião resigned from the Company’s Board of Directors on January 7, 2026, effective the same day. The resignation is described as a personal and professional decision linked to new responsibilities outside the Copel Group. Mr. Baião had served on the Board since April 2025. Copel thanks him for his contributions and states that it will adopt appropriate governance measures to recompose the Board in line with its Bylaws and applicable legislation.
Companhia Paranaense de Energia – Copel reports an updated per-share calculation for previously approved interest on equity and dividends, due to a new change in the balance of shares held in treasury on the December 30, 2025 record date.
The company confirms total gross interest on equity of R$ 1,100,000,000.00, to be paid on January 19, 2026, now equal to R$ 0.37036160091 per common share. Total dividends remain R$ 1,350,000,000.00, to be paid by June 30, 2026, now equal to R$ 0.45453469202 per common share.
The interest on equity amount is subject to taxation under Brazilian Law 9,249/95, and qualifying legal entities must prove their exempt status to the bookkeeper.
Companhia Paranaense de Energia – Copel reported a change in one of its institutional investors’ positions. GQG Partners LLC informed the company that it disposed of part of its stake and now holds 70,577,424 common shares, which represent approximately 2.37% of Copel’s total shares. The notice is being shared to comply with Brazilian securities regulations on material shareholding changes, and is aimed at keeping shareholders informed about movements in significant ownership positions.
Energy Co of Parana is having its American Depositary Shares removed from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934. The Form 25 applies to American Depositary Shares, each representing four Class A Preferred Shares. The New York Stock Exchange certifies that it has reasonable grounds to believe it meets all requirements for filing this Form 25 and that applicable exchange and SEC rules on striking or voluntarily withdrawing the securities from listing and registration have been satisfied.
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.