Companhia Energtica de Minas Gerais
(NYSE:CIG)

Companhia Energtica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2019, the company operated 80 hydroelectric, thermoelectric, and wind and solar plants with an installed capacity of 6,000 MW; 4,134 ...

Website: http://www.cemig.com.br

Founded: 1958

Full Time Employees: 5,329

Sector: Utilities

Industry: Utilities-Diversified

Utilities

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At a glance:

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Income Statements:

Quarterly

Annual

Unit: USD	2025-03-31	2024-12-31	2022-12-31	2022-03-31	2021-12-31	2020-12-31	2020-01-06	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31

continuing operations
net revenue				23,989,390,000			12,929,971,000
operating costs
cost of energy and gas
energy purchased for resale				-11,719,653,000
charges for use of the national grid				-2,101,761,000			-701,171,000
gas purchased for resale				-1,428,052,000
other costs
personnel				-715,609,000
materials				-53,406,000			-34,076,000
outsourced services				-916,294,000			-512,676,000
depreciation and amortization				-689,261,000			-407,737,000
operating provisions				-51,032,000			-100,827,000
infrastructure construction cost				-1,338,097,000			-465,225,000
others				-68,803,000			-31,795,000
total cost				-19,081,968,000			-8,633,142,000
gross profit				4,907,422,000			4,296,829,000
yoy
qoq
operating expenses
selling expenses				-79,463,000			-126,978,000
general and administrative expenses				-426,126,000			-286,038,000
other operating expenses				-577,020,000			-500,677,000
periodic tariff review				217,063,000
renegotiation of hydrological risk (law 14,052/20)				1,031,809,000
gains arising from the sale of non-current asset held for sale				108,550,000
result of business combination
impairment (reversals) of assets held for sale
share of profit, net, of affiliates, subsidiaries and joint ventures				438,798,000
operating income before financial revenue (expenses) and taxes				5,582,032,000
finance income				610,833,000			2,622,988,000
finance expenses				-2,553,015,000			-815,961,000
income before income tax and social contribution tax				3,639,850,000
current income tax and social contribution tax				-936,479,000
deferred income tax and social contribution tax				87,096,000
net income for the period				2,790,467,000			2,912,225,000
total of net income for the period attributed to:
equity holders of the parent				2,789,320,000
non-controlling interests				1,147,000
basic and diluted earnings per preferred share – r				1,650
basic and diluted earnings per common share – r				1,650
energy bought for resale							-5,120,200,000
gas bought for resale							-725,162,000
personnel and managers							-534,273,000
share of profit of associates and joint ventures							103,500,000
operating profit before financial revenue (expenses) and taxes							2,793,670,000
income before finance income (expenses) and taxes							4,600,697,000
current income and social contribution taxes							-1,278,146,000
deferred income and social contribution taxes							-410,326,000
net income for the period from continuing operations							2,912,225,000
discontinued operations
net income for the period from discontinued operations
net income for the period attributed to:
net income from continuing operations							2,911,850,000
net income from discontinued operations
net income for the period attributed to equity holders of the parent							2,911,850,000
interest of non-controlling shareholders
net income for the period attributed to non-controlling shareholders							375,000
basic and diluted profit per preferred share, r							2,000
basic and diluted profit per common share, r							2,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-06-30	2025-03-31	2024-07-18	2023-09-30	2023-06-30	2022-12-31	2021-12-31

current
cash and cash equivalents	1,898	1,898	1,564,249,000	1,537			292,000,000
marketable securities	358	358	1,353,092,000				1,730,000,000
customers, traders, concession holders and transport of energy	5,596	5,596
concession financial assets	1,190	1,190	811,758,000
concession contract assets	1,140	1,140	889,247,000
tax offsetable	511	511
income tax and social contribution tax recoverable	7	7	564,557,000
dividends receivable	111	111		50			2,022,000,000
public lighting contribution	296	296	257,043,000	261		312
escrow deposits	235		1,276,268,000
reimbursement of tariff subsidies	209
other credits	625	1,068
assets classified as held for sale	57		1,157,394,000	58
total current	12,233	12,233	13,062,465,000			11,205
non-current
securities	135	135		774
consumers and traders	254	254
deferred income tax and social contribution tax	2,334	2,334	2,725,604,000	3,045
escrow deposits in legal actions	1,196	1,196
accounts receivable from the state of minas gerais	40	40	45,798,000
financial assets of the concession	6,881	6,881
contractual assets	10,327	10,327		850
investments	3,221	3,221		4,632
property, plant and equipment	3,715	3,715	3,422,825,000	3,256
intangible assets	16,806	16,806	15,790,780,000
leasing – rights of use	387	387
total non-current	47,494	47,494	43,678,308,000		21,863
total assets	59,727	59,727	56,740,773,000	55,000
cemig - balance sheets	2,024
suppliers	2,952	2,952	2,759,683,000	3,017		2,832
regulatory charges	344	344	388,031,000	487		510
profit sharing	111	111	87,913,000			105
taxes	725	725		644		885
income tax and social contribution tax	163	163		111		240
interest on equity, and dividends, payable	3,611	3,611		2,924		1,863
loans and debentures	2,877		4,657,882,000	2,630
payroll and related charges	217	217	338,917,000	239		260
post-retirement liabilities	233	233			5,984	388
accounts payable related to energy generated by consumers	1,251	1,251				455
taxes to be reimbursed to customers	526
leasing operations	79	79			215	57
other obligations	582	582				423
provisions	1,853	1,853	1,751,503,000	2,200
total liabilities	32,344	32,344	30,063,149,000	30,344	33,435
total equity	27,383	27,383	26,677,624,000		21,079
share capital	14,309	14,309	14,308,909,000	11,007	11,007
capital reserves	393	393	393,093,000	2,250	2,250
profit reserves	13,576	13,576	11,595,308,000	13,041	8,408
equity valuation adjustments	-900	-900	-1,661,128,000		-2,218
retained earnings			2,036,654,000
non-controlling interests	27,378	27,378	4,788,000		21,074
total liabilities and equity	59,727	59,727	56,740,773,000	55,000	54,514
balance sheets - assets
balance sheets liabilities and shareholders' equity		2,024
loans and financings		2,877				955
pis/pasep and cofins taxes to be reimbursed to customers		526				1,155
pasep / cofins to be returned to consumers		166			1,724
others		142			507		14,000,000
receivables from customers, traders and concession holders			5,218,594,000
recoverable taxes			542,868,000	635
income tax and social contribution tax credits			7,429,000
derivative financial instruments			486,625,000	368		91
dividends receivables			56,091,000
other assets			718,075,000	677
long-term assets
investments - equity method			3,376,358,000
leasing - right of use assets			389,862,000
14av. barbacena, 1200 – santo agostinho – 30190-131 belo horizonte, mg – brazil – fax (+55-31) 3506-5026 – tel.: (+55-31) 3506-5024 this text is a translation, provided for information only. the original text in portuguese is the legally valid version.
note
taxes payable			550,599,000
income tax and social contribution			134,410,000
interest on equity and dividends payable			2,227,157,000
accounts payable related to energy generated by residential consumers			967,329,000
post-employment obligations			229,109,000
amounts to refund to customers			340,800,000
leasing liabilities			74,821,000	79
other liabilities			460,259,000	486
deferred income tax and social contribution			1,198,502,000
equity
equity attributable to equity holders of the parent			26,672,836,000
consumers, traders; concession holders				5,434
concession financial and sector assets				814
income and social contribution taxes recoverable				411
total, current				11,869
non–current
escrow deposits in litigation				1,243
accounts receivable from minas gerais state				13
intangible				15,249
right to use				398
total, non–current				43,131
balance sheet – liabilities				2,023
employees’ and managers’ profit shares				165
post-retirement obligations				329
accounts payable for energy generated by consumers				705
amounts to be returned to consumers				854
post-employment liabilities				5,088
total, non-current				17,249
stockholders’ equity				24,656
attributable to controlling stockholders				24,650
attributable to non-controlling stockholder				6
derivative financial instruments - options						672
transactions with energy
madeira energia							8,000,000
aliança geração							4,000,000
baguari energia
norte energia							2,000,000
paracambi
hidrelétrica pipoca							4,000,000
hidrelétrica cachoeirão							4,000,000
retiro baixo							1,000,000
taesa							5,000,000
customers and traders
governo do estado de minas gerais							37,000,000
provision of services
accounts receivable - afac
fip melbourne							161,000,000
contingency
adjustment for losses
hidrelétrica itaocara
annual report and form 20-f \| 2022
contents
company							2,022,000,000
interest on equity, and dividends
fic pampulha
forluz
supplementary pension contributions - defined contribution plan
administrative running costs
operating leasing							178,000,000
cemig saúde
health plan and dental plan
schedule of dividends receivable
light
dividends receivable total							155,000,000
schedule of cemig is provider of surety or guarantee of loans, financings and debentures of related parties
related party
norte energia (nesa) / light							2,042,000,000
santo antônio energia s.a.							2,037,000,000
related to norte energia loans.
counter-guarantee to light, related to execution of guarantees of the norte energia loans.
corporate guarantee given by cemig to saesa.
schedule of financial investments in securities of related parties, in the investment fund
remuneration
income sharing
pension plans
total
b)
f-21
■
f-22
f-23

Cashflow Statements:

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Annual

Unit: USD

Companhia Energtica de Minas Gerais(NYSE:CIG)

Companhia Energtica de Minas Gerais
(NYSE:CIG)