Also trades as: EQPA5.SA (SAO) · $vol 0M · EQPA7.SA (SAO) · $vol 0M · EQPA6.SA (SAO) · $vol 0M

R$5.57 ($1.07)

+0.03 (+0.54%)

Weekly Expected Move ±1.6%

R$5 R$5 R$6 R$6 R$6

SAO · Utilities · Regulated Electric · Tech Score Neutral · Power 56 · R$12.3B mcap · 63M float · 0.029% daily turnover

Analysis Technicals Weather Peers

Revenue

$12.2B +12.5% ▲

5Y CAGR: +15.8%

Gross Profit

$3.3B -6.9% ▼

5Y CAGR: +11.5%

Operating Income

$2.6B -5.1% ▼

5Y CAGR: +12.6%

Net Income

$1.6B -21.4% ▼

5Y CAGR: +16.7%

EPS (Diluted)

$0.70 -21.3% ▼

5Y CAGR: +16.2%

EBITDA

$3.2B +2.4% ▲

5Y CAGR: +16.4%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$8.1B	$8.5B	$10.4B	$10.9B	$12.2B
YoY Growth	+38.2%	+4.8%	+21.9%	+4.7%	+12.5%
Cost of Revenue	$6.2B	$5.6B	$6.9B	$7.3B	$9.0B
Gross Profit	$2.0B	$2.9B	$3.5B	$3.5B	$3.3B
Gross Margin	24.1%	34.2%	33.7%	32.4%	26.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$247M	$260M	$164M	$279M	$698M
Operating Expenses	$640M	$649M	$423M	$823M	$718M
Operating Income	$1.7B	$2.3B	$3.1B	$2.7B	$2.6B
Operating Margin	21.2%	26.5%	29.6%	24.8%	20.9%
Interest Expense	$177M	$344M	$412M	$388M	$735M
Income Before Tax	$1.3B	$1.7B	$2.6B	$2.2B	$1.8B
Tax Expense	$274M	$179M	$327M	$218M	$252M
Net Income	$1.0B	$1.6B	$2.2B	$2.0B	$1.6B
Net Margin	12.6%	18.3%	21.4%	18.2%	12.7%
EPS (Diluted)	$0.46	$0.70	$1.01	$0.89	$0.70
EBITDA	$1.9B	$2.5B	$3.4B	$3.1B	$3.2B
Shares Outstanding	2.21B	2.21B	2.20B	2.21B	2.21B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$2.9B	$3.5B	$2.5B	$2.8B	$3.0B	$3.3B	$2.8B	$3.2B
Cost of Revenue	$2.0B	$2.2B	$1.8B	$2.2B	$2.3B	$2.5B	$2.0B	$2.3B
Gross Profit	$901M	$801M	$640M	$561M	$648M	$811M	$734M	$937M
Gross Margin	31.0%	22.9%	25.7%	20.2%	21.9%	24.5%	26.5%	28.9%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$80M	$69M	$63M	$79M	$82M	$72M	$77M	$92M
Operating Expenses	$174M	$218M	$1M	-$11M	-$19M	$166M	$91M	$219M
Operating Income	$749M	$623M	$638M	$572M	$667M	$644M	$643M	$718M
Operating Margin	25.8%	17.8%	25.6%	20.6%	22.6%	19.5%	23.2%	22.2%
Interest Expense	$115M	$154M	$161M	$143M	$194M	$237M	$210M	$215M
Income Before Tax	$659M	$425M	$486M	$425M	$453M	$440M	$458M	$470M
Tax Expense	$103M	-$81M	$93M	$64M	$65M	$30M	$73M	$84M
Net Income	$556M	$506M	$393M	$361M	$389M	$410M	$384M	$386M
Net Margin	19.2%	14.4%	15.8%	13.0%	13.2%	12.4%	13.8%	11.9%
EPS (Diluted)	$0.25	$0.23	$1.78	$0.16	$0.18	$0.19	$0.17	$0.17
EBITDA	$832M	$660M	$740M	$774M	$696M	$851M	$805M	$854M
Shares Outstanding	2.20B	2.21B	220M	2.20B	2.21B	2.21B	2.21B	2.21B

EQPA3.SA SAO