Taesa (TAEE11) profit reached R$374 million in the first quarter, an increase of 3%; Announces R$144.9 million in JCP

Taesa (TAEE11) profit reached R$374 million in the first quarter, an increase of 3%;  Announces R$144.9 million in JCP

Taesa (TAEE11) ended the first quarter of 2024 with an IFRS net profit of R$374.0 million, representing a 3.3% decrease compared to the same period last year.

Total earnings before interest, taxes, depreciation and amortization (EBITDA) under IFRS reached R$558.2 million in the first quarter of 2024, an increase of 2% compared to the first quarter of 2023.

The IFRS EBITDA margin reached 76.3% between January and March of this year, a decrease of 2.7 percentage points compared to the margin recorded in the first quarter of 2023.

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Total net IFRS revenues amounted to R$731.3 million in the first quarter of this year, a growth of 5.5% compared to the same point in 2023.

Total costs, expenses, depreciation and amortization amounted to R$187.3 million in the first quarter of 2024, which is 25.0% higher compared to the first quarter of 2023. Total PMSO costs amounted to R$99.0 million, registering a year-over-year increase of 29.8%.

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The net financial result came in negative at R$303.9 million in the first quarter of 2024, an increase of 7.9% over the financial losses at the same point in 2023.

As of March 31, 2024, the company's net debt amounted to R$8,801 billion, an increase of 3.3% compared to December 2023.

The Company's Board of Directors approved the distribution of profits collected based on the preliminary financial statements prepared on March 31, 2024 in the amount of R$ 144.9 million, as equity interest (JCP).

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