Comp En De Mn Cemig ADS (NYSE:CIG), the Brazilian electric utility known as CEMIG, reported first-quarter 2026 EBITDA of BRL 1.79 billion and profit of BRL 979 million, while management highlighted continued investment in distribution, debt profile management and challenges tied…
energy price volatility and hydrological risk. Andrea Marques de Almeida, CEMIG’s CFO and investor relations officer, said the company’s diversified structure helped sustain results during the quarter
She said CEMIG invested BRL 1.48 billion in the period and paid BRL 658 million in shareholder remuneration. The company also completed what she described as a small acquisition of PCH Pipoca and Temacu in Mesquita. Almeida also pointed to early effects from a post-employment restructuring agreement recorded at the end of last year, saying it had already reduced expenses by BRL 80 million.
Leadership Change Announced At the start of the call, Carolina Sena, CEMIG’s investor relations superintendent, said the appointment of Alexandre Ramos Peixoto as CEMIG’s new CEO had been approved. Peixoto replaces Reynaldo Passanezi Filho, whose departure was attributed to the term-limit restriction under Brazil’s State-Owned Enterprises Law No. 13,303/2016. Sena said that under Passanezi’s management, CEMIG carried out a financial recovery process, resumed investment levels and developed a strategic plan of approximately BRL 70 billion through 2030.