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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2023

NOTE 33 - EARNINGS PER SHARE

(a) Basic

Basic earnings per share are calculated by dividing the profit attributable to the Company’s shareholders by the weighted average number of shares issued, excluding those purchased by the Company and held as treasury shares. Preferred shares have a guaranteed right (per share) of the superiority of at least 10% in the distribution of Dividends and/or Interest on Equity concerning ordinary shares.


12/31/2023
Numerator	Ordinary		Preferred A		Preferred B		Total
Profit attributable to each class of shares - Continued Operation	4,237,649		318		643,822		4,881,788
Loss attributable to each class of shares - Discontinued Operation	(288,206)		(22)		(43,786)		(332,014)
Profit for the Year	3,949,443		296		600,036		4,549,774

Denominator	Ordinary		Preferred A		Preferred B
Weighted average number of shares	1,995,507		136		275,614
% of shares in relation to the total	87.86	%	0.01	%	12.13	%

Basic earnings per share from continuing operations (R$)	2.12		2.34		2.34
Basic earnings per share from discontinued operation (R $)	(0.14)		(0.16)		(0.16)

Earnings per share (R$) - Basic	1.98		2.18		2.18


12/31/2022

Numerator	Ordinary		Preferred A		Preferred B		Total
Profit attributable to each class of shares - Continued Operation	2,239,391		215		408,987		2,648,592
Loss attributable to each class of shares - Discontinued Operation	834,329		80		152,376		986,785
Profit for the Year	3,073,720		295		561,363		3,635,377

Denominator	Ordinary		Preferred A		Preferred B
Weighted average number of shares	1,686,088		147		279,941
% of shares in relation to the total	85.75	%	0.01	%	14.24	%

Basic earnings per share from continuing operations (R$)	1.33		1.46		1.46
Basic earnings per share from discontinued operation (R$)	0.49		0.54		0.54

Earnings per share (R$) - Basic	1.82		2.01		2.01

(a) Diluted

As of December 31, 2023, based on the liability balance relating to the compulsory loan, the dilution was simulated with an increase of 25,822 B preferred shares in earnings per share, as shown below.


12/31/2023
					Converted
Numerator	Ordinary		Preferred A		Preferred B		Preferred B		Total
Profit attributable to each class of shares - Continued Operation	4,185,927		314		59,583		635,964		4,881,788
Loss attributable to each class of shares - Discontinued Operation	(284,688)		(21)		(4,052)		(43,252)		(332,014)
Profit for the Year	3,901,239		293		55,531		592,712		4,549,774

					Converted
Denominator	Ordinary		Preferred A		Preferred B		Preferred B
Weighted average number of shares in thousands	1,995,507		136		25,822		275,614
% of shares in relation to the total	86.87	%	0.01	%	1.12	%	12.00	%

Earnings per share - diluted	2.10		2.31		2.31		2.31
Diluted earnings per share from discontinued operation (R$)	(0.14)		(0.16)		(0.16)		(0.16)

Earnings per share (R$) - diluted	1.96		2.15		2.15		2.15


12/31/2022
					Converted
Numerator	Ordinary		Preferred A		Preferred B		Preferred B		Total
Profit attributable to each class of shares - Continued Operation	2,206,702		212		38,663		403,016		2,648,592
Loss attributable to each class of shares - Discontinued Operation	822,150		79		14,404		150,152		986,785
Profit for the Year	3,028,852		291		53,067		553,168		3,635,377

					Converted
Denominator	Ordinary		Preferred A		Preferred B		Preferred B
Weighted average number of shares in thousands	1,686,088		147		26,856		279,941
% of shares in relation to the total	84.60	%	0.01	%	1.35	%	14.05	%

Earnings per share - diluted	1.31		1.44		1.44		1.44
Diluted earnings per share from discontinued operation (R$)	0.49		0.54		0.54		0.54

Earnings per share (R$) - diluted	1.80		1.98		1.98		1.98

Accounting Policy

In order to obtain the basic result per share, Eletrobras divides the profit or loss attributable to the holders of Eletrobras common shares by the weighted average number of common shares held by shareholders (excluding those held in treasury) during the financial year. In the case of a consolidated balance sheet, the profit or loss attributable to the Company refers to the Parent Company’s portion. In this way, non-controlling interests are excluded.

In order to obtain the diluted result per share, Eletrobras assumed the exercise of options, subscription bonuses and other potential dilutive effects. Its only dilutive effect is the conversion of the compulsory loan. The presumed values arising from these instruments should be considered as having been received from the issue of shares at the average market price of the shares during the year.

According to the Dividend Policy, Preferred shares have a guaranteed right (per share) of the superiority of at least 10% in the distribution of Dividends and/or Interest on Equity concerning common shares.