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NYSE · ELECTRIC SERVICES · LARGE CAP

Energy Co. of Minas Gerais CIG

10 fiscal years on record · BRL · FY2024 reported · SEC filings only
BRL 39.8B
▲ 8.1% YoY
BRL 7.1B
▲ 23.5% YoY
BRL 4.8B
▼ 13.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

CEMIG generates, transmits, distributes and sells energy, distributes gas and provides energy solutions. As of December 31, 2025, the CEMIG Group invoiced 9,599,424 customers. Alongside energy generation, transmission and distribution, it engages in distributed generation through CEMIG SIM, in the sale and trading of energy through CEMIG Trading S.A. and Empresa de Serviços de Comercialização de Energia Elétrica S.A., and in the acquisition, transport and distribution of gas through Companhia de Gás de Minas Gerais (Gasmig). On December 31, 2025, CEMIG GT and other CEMIG transmission networks had 4,865 miles of lines. CEMIG D's energy system comprised 365,577 miles of distribution lines at the end of 2025, through which it supplied 22,102 GWh to regulated customers and transported 25,605 GWh to free customers. In 2025, Gasmig supplied natural gas to 109,931 customers in 50 cities. Gasmig was established in Minas Gerais in 1986, to develop and implement the distribution of natural gas in the State of Minas Gerais.

Written from the business description in ENERGY CO OF MINAS GERAIS's annual report to the U.S. Securities and Exchange Commission, filed 17 April 2026. Every sentence was checked against that document before publication.

Growth

BRL 39.8B
Revenue, FY2024 · full 10-year series below
Revenue BRL B Net income BRL B
FY2024 · Revenue 39.8 · Net income 7.1
15B30B
2015201820212024
Compound annual growth
+5.8%
+9.3%
+23.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.3% a year over the five years to FY2024.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

18 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Net 17.9%
5%10%15%
201520192024
ROE
FY2024 · ROE 27.4%
10%20%-10%-20%
201520192024
Three returns, three denominators.
Return on capital employedNot available: we don't have a clean operating profit figure for this period.
Gross margin20.5%
Operating margin·
Net margin17.9%
EBITDA·

Each BRL of equity produced 27 cents of profit this year.

Cash & shareholders

BRL 1.9B
returned in FY2024 · dividends + net buybacks
Free cash flow BRL B
FY2024 · FCF 4.8
3B6B
201520192024
Net buybacks BRL B Dividends BRL B
FY2024 · Dividends 1.9 · Net buybacks ·
1B2B
20162017201820192020202220232024
Dividends paidBRL 1.9B
Net buybacks·
Share of profit26.5%
Consecutive raises·

BRL 1.9B in dividends — 26% of the year's profit went back to shareholders.

Total assetsBRL 59.7B
EquityBRL 27.4B
CashBRL 1.9B
Gross debtBRL 12.3B
Net debtBRL 10.4B
Current ratio0.86×

Net debt stands at 38% of equity.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · BRL

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CIG, 10-year financial record
Metric 2024202320222021202020192018201720162015
Revenue BRL B39.836.934.533.625.225.522.321.718.821.9
Operating income BRL B◌◌◌◌◌◌◌◌◌◌
EBITDA BRL B◌◌◌◌◌◌◌◌◌◌
Income tax BRL B2.21.10.00.9−0.91.60.60.60.00.9
Net income BRL B7.15.84.13.82.9−3.21.81.00.32.5
Free cash flow BRL B4.85.66.43.58.52.00.90.51.12.9
EPS, diluted BRL ◌◌1.861.701.301.45◌◌◌◌
Dividend / sh BRL ◌◌◌◌◌◌◌◌◌◌
Payout %2696—32−11395050—
ROE %27.424.819.820.317.2−21.011.87.32.619.0
Shares out B2.862.862.860.742.201.461.691.461.261.26

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Energy Co. of Minas GeraisvsAxia Energia S.a.Same industry: Electric ServicesEnergy Co. of Minas GeraisvsEnergy Co. of ParanaSame industry: Electric Services
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Provenance

Company facts, as filed

How we verify · 2 failures in 38 reconciliationsAUDITED

Reconciled in 8 of the 10 fiscal years we could check. 18 checks were skipped: the balance sheet is not tagged before 2016. 12 checks were skipped: EPS is not tagged before 2019. Eight checks were skipped: revenue is not tagged before 2015.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency2 failures
ActivityElectric Services
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2015

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