Cemig Reports Strong Q3 2026 Results Driven by EBITDA Growth and Tax Reversals
Cemig (CIG) reported robust third-quarter 2026 financial results, highlighted by a 31% year-over-year increase in recurring EBITDA to BRL 2 billion. Consolidated net income reached BRL 1.7 billion, significantly bolstered by a BRL 1.1 billion impact from the reversal of tax provisions following a favorable court ruling regarding profit-sharing programs. The company is aggressively executing its investment program, having deployed BRL 5.25 billion—approximately 75% of its annual BRL 7 billion plan—with a heavy focus on distribution infrastructure. Despite a slight decline in industrial and rural market volumes due to migration to the free energy market and favorable rainfall patterns, residential demand grew by 6.9%, helping stabilize billed volumes.
Tickers: $CIG
Topics: Cash Flow EBITDA Investment Program Leverage Ratio Net Income