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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
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
20B2015201620172018201920202021202220232024
Compound annual growth
+5.8%
+9.3%
+23.8%
+38.9%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%2015201620172018201920202021202220232024
ROE
FY2024 · ROE 27.4%
10%20%-10%-20%2015201620172018201920202021202220232024

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
4B8B2015201620172018201920202021202220232024
Net buybacks BRL B Dividends BRL B
FY2024 · Dividends 1.9 · Net buybacks —
0.8B1.6B20162017201820192020202220232024

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
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 %27.424.819.820.317.2−21.011.87.32.6·
Shares out B2.862.862.862.202.200.741.691.461.261.26

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

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This company against its peers

Provenance
Company facts, as filed
How we verify · 2 failures in 38 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente2 failures
ActivityElectric Services
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2015

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