<SEC-DOCUMENT>0001292814-25-002104.txt : 20250515
<SEC-HEADER>0001292814-25-002104.hdr.sgml : 20250515
<ACCEPTANCE-DATETIME>20250515170047
ACCESSION NUMBER:		0001292814-25-002104
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		20
CONFORMED PERIOD OF REPORT:	20250331
FILED AS OF DATE:		20250515
DATE AS OF CHANGE:		20250515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRAZILIAN ELECTRIC POWER CO
		CENTRAL INDEX KEY:			0001439124
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34129
		FILM NUMBER:		25955119

	BUSINESS ADDRESS:	
		STREET 1:		RUA DA QUITANDA, 196, 24TH FLOOR
		STREET 2:		CENTRO
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			20091-005
		BUSINESS PHONE:		55 21 2514 5891

	MAIL ADDRESS:	
		STREET 1:		RUA DA QUITANDA, 196, 24TH FLOOR
		STREET 2:		CENTRO
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			20091-005
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ebrpr1q25_6k.htm
<DESCRIPTION>6-K
<TEXT>
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<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" COLOR="Black" STYLE="width: 21%">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>For the month of May, 2025</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Commission File Number 1-34129</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" COLOR="Black" STYLE="width: 21%">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>CENTRAIS EL&Eacute;TRICAS BRASILEIRAS S.A.
- ELETROBR&Aacute;S</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
<BR>
</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>BRAZILIAN ELECTRIC POWER COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Translation of Registrant's name into English)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
<BR>
</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Rua da Quitanda, 196 &ndash; 24th floor,<BR>
Centro, CEP 20091-005,<BR>
Rio de Janeiro, RJ, Brazil</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">Form 20-F ___X___ Form 40-F _______</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">Yes _______ No___X____</P>
<P STYLE="font: 12pt Verdana, Helvetica, Sans-Serif; margin: 1.1pt 165.7pt 0 2.3in; text-align: center"><B></B></P>

<P STYLE="font: 12pt Verdana, Helvetica, Sans-Serif; margin: 1.1pt 165.7pt 0 2.3in; text-align: center"><B></B></P>

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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 5pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 91%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>TABLE OF CONTENTS</B></FONT></TD>
    <TD STYLE="width: 9%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>1.&#9;CONSOLIDATED RESULT | IFRS AND REGULATORY</B></FONT><B><FONT STYLE="font-size: 11pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>7</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>2.&#9;ADJUSTED REGULATORY INCOME STATEMENT</B></FONT><B><FONT STYLE="font-size: 11pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>9</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>3.&#9;ADJUSTED EBITDA</B></FONT><B><FONT STYLE="font-size: 11pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>11</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>4.&#9;ENERGY TRADING</B></FONT><B><FONT STYLE="font-size: 11pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>13</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>5.&#9;INVESTMENTS AND EXPANSION PROJECTS</B></FONT><B><FONT STYLE="font-size: 11pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>14</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>6.&#9;INDEBTEDNESS</B></FONT><B><FONT STYLE="font-size: 11pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>19</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>7.&#9;COMPULSORY LOAN</B></FONT><B><FONT STYLE="font-size: 11pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>21</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>8.&#9;CASH FLOW</B></FONT><B><FONT STYLE="font-size: 11pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>22</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>9.&#9;FINANCIAL PERFORMANCE</B></FONT><B><FONT STYLE="font-size: 11pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>23</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">9.1.&#9;Operating Revenue</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">23</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">9.2.&#9;Operating Costs and Expenses</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">27</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">9.3.&#9;Equity Holdings</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">33</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">9.4.&#9;Financial Results</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">34</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">9.5.&#9;Current and Deferred Taxes</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">37</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>10.&#9;OPERATING PERFORMANCE</B></FONT><B><FONT STYLE="font-size: 11pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>37</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">10.1.&#9;Generation Segment</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">37</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 96%; padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">10.2.&#9;Transmission Segment</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="width: 4%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">40</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">10.3.&#9;ESG</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">41</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>11.&#9;APPENDIX</B></FONT><B><FONT STYLE="font-size: 11pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949"><B>42</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.1.&#9;Appendix 1 - Accounting Statements</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">42</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.2.&#9;Appendix 2 - Statement on Thermal Power Plants Sale</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">49</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.3.&#9;Appendix 3 - Statement on Furnas Merger</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">49</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.4.&#9;Appendix 4 - Regulatory vs IFRS Income Statement</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">50</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.5.&#9;Appendix 5 - EBITDA IFRS</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">53</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.6.&#9;Appendix 6 - Generation Revenue IFRS&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">53</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.7.&#9;Appendix 7 - Transmission Revenue IFRS</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">54</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.8.&#9;Appendix 8 - Regulatory Transmission Revenue&nbsp;&nbsp;- Adjustment Portion (PA)</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">54</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.9.&#9;Appendix 9 - RAP's Periodic Tariff Review of tendered contracts revised in 2024 </FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">56</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.10.&#9;Appendix 10&nbsp;&nbsp;- 2nd RAP's Periodic Tariff Review of contracts extended by Law 12,783/2013</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">57</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.11.&#9;Appendix 11 - Financing and Loans Granted (Receivables)</FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">58</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; padding-left: 11pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">11.12.&#9;Appendix 12 - Result Reconciliation Regulatory vs. IFRS </FONT><FONT STYLE="font-size: 11pt">&#9;</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">59</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">&nbsp;</P>



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<P STYLE="font: 18pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #0070C0"><B>ELETROBRAS RELEASES 1<SUP>ST</SUP>
QUARTER 2025 RESULTS</B></P>

<P STYLE="font: 18pt/120% Calibri,sans-serif; margin: 0; color: #0070C0"><B>Highlights 1Q25</B></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/13.2pt Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Regulatory Net Operating
Revenue:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">remained stable from 1Q24, reaching
R$ 9,708 million:<BR>
(+) growth in generation revenue, reflecting both a 9.9% increase in average price and a 1.0% increase in volume. The increase in volume
was due to the growth in sales in both the free contracting environment (ACL) and the regulated contracting environment (ACR).<BR>
(-) R$ 483 million YoY reduction in Annual Permitted Revenue (RAP) related to the 2024 Periodic Tariff Review (2024 RTP), of which R$
328 million related to Postponement Adjustment Portion (PA Posterga&ccedil;&atilde;o).</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Adjusted PMSO:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 1,467 million (down -8.0% YoY), reflecting savings linked
to efficiency gains. In 1Q25, adjusted PMSO was impacted by the following effects:</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 29.5pt; text-align: justify; color: #494949">(a) R$ 96 million related to
Voluntary Dismissal Plans (VDPs);</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 29.5pt; text-align: justify; color: #494949">(b) R$ 31 million and R$ 22
million in severance costs for 1Q25 and 4Q24, respectively;</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 29.5pt; text-align: justify; color: #494949">(c) R$ 42 million in legal
consulting expenses related to the contingency reduction strategy.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Energy Purchased for
Resale:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 1,560 million (up 111.6% vs. 1Q24),
mainly driven by higher short-term market settlements, as a result of increased sales volume in the free market. It is worth noting that
the group companies that presented a negative exposure (short position) in energy volume book the energy settled in the short-term market
under the energy purchased for resale line. On the other hand, companies with positive exposure (long position) book the energy settled
in the short-term market under revenue.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Adjusted Regulatory
Provisions:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">net provision of R$ 77 million,
mainly impacted by the lower default on energy sold to Amazonas Energia, which fell to R$ 56 million in 1Q25 from R$ 432 million in 1Q24.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Adjusted Regulatory
EBITDA:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 5,377 million (down 4.1% YoY), reflecting:
</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 0.5in; text-align: justify; color: #494949">(a) higher generation revenue;</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 0.5in; text-align: justify; color: #494949">(b) lower costs and expenses
with personnel, materials, services and others;</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 0.5in; text-align: justify; color: #494949">(c) lower provisions recognized
in the quarter;</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 0.5in; text-align: justify; color: #494949">(d) increased contribution from
equity results.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 0.25in; text-align: justify; color: #494949">These effects were offset
by lower transmission revenue and higher costs with energy purchased for resale.</P>


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<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; color: #494949"><B>Table 1 - Adjustments on Regulatory EBITDA (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="width: 43%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-right: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>%</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 6pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Regulatory EBITDA (a)</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,485</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,696</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-3.7</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,444</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0.8</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 6pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Total Adjustments on Regulatory EBITDA (b)</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-108</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-91</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>19.6</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-355</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-69.5</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 12pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>PMSO</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>191</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>33</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>484.7</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>292</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-34.5</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.25in; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Voluntary Dismissal Plan (VDP) - Provision</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">96</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">33</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">194.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">182</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-46.9</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.25in; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Severance costs in 1Q25</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">31</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">69</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-54.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.25in; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Severance costs in 4Q24</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">22</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.25in; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Legal consulting related to the contingency reduction strategy</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">42</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">42</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-0.6</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 12pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Provisions</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-166</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-118</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>40.4</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-552</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-69.9</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.25in; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Provision for litigation</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-99</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-139</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-28.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">427</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-123.2</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.25in; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">ECL - Loans and financing</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-100.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">4</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-100.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.25in; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Onerous contracts</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-29</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-39</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-24.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-251</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-88.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.25in; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Estimated losses on investments</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-12</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">15</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-181.8</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-217</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-94.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.25in; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Impairment</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-101.3</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-540</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-100.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.25in; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Provision for the settlement of lawsuits - Compulsory Loan</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-26</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">34</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-176.6</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">23</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-209.5</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 12pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Other income and expenses</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-133</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-5</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>2,696.8</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-95</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>40.1</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Regulatory Adjusted EBITDA (c) = (a) + (b)</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,377</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,606</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-4.1</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,089</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5.7</B></FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 5pt; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Adjusted IFRS Net Income:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">-R$ 81 million (115.7% sequential drop), negatively impacted
by the R$ 952 million reversal at Chesf of part of the amount recognized as regulatory remeasurement in 2024 following the Periodic Tariff
Review of the transmission contracts.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Investments:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 912 million in 1Q25 (down -25.3% YoY), mainly due to
the implementation completion of the Coxilha Negra project in April 2025.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; text-indent: 0.15pt; color: #494949">&nbsp;</P>


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<P STYLE="font: 18pt/120% Calibri,sans-serif; margin: 0; color: #0070C0"><B>MAIN FINANCIAL AND OPERATING INDICATORS </B></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 2 - Operating Highlights</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #006FC0">
    <TD STYLE="vertical-align: bottom; width: 50%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>&#8710;%</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-right: white 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>&#8710;%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #C9DA2A 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Generation and Trading</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #C9DA2A 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #C9DA2A 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #C9DA2A 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #C9DA2A 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #C9DA2A 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Installed Generation Capacity (MW)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">44,359</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">44,304</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.1</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">44,246</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.3</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Assured Capacity (aMW) (1)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">21,915</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">22,033</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">21,915</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Net Generation (TWh)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">45.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">45.1</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.1</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">30.3</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">50.2</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Energy Sold ACR (TWh) (2)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10.1</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">9.8</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">9.9</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">2.5</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Energy Sold ACL (TWh) (3)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">23.2</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">13.8</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">67.9</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">18.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">25.2</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Energy Sold Quotas (TWh) (4)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8.6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-34.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-34.7</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Average ACR Price (R$/MWh)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">214.34</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">219.81</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">216.07</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">-0.8</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Average ACL Price (R$/MWh)</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">141.14</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">199.96</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-29.4</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">170.48</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">-17.2</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #C9DA2A 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Transmission</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #C9DA2A 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #C9DA2A 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #C9DA2A 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #C9DA2A 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #C9DA2A 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Transmission lines (km)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">74,097</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">73,795</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">74,013</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">0.1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">RAP (R$ mm) (5)</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">17,164</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">17,702</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%">17,095</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.4</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt/8.4pt Calibri,sans-serif; margin: 5pt 0 0; text-align: justify; color: #494949">(1) Assured Capacity (AC) reflects:
(a) Ordinance GM/MME 544/21, which established the revision of AC values for plants that had their concessions renewed due to the capitalization
(Quota regime plants: Tucuru&iacute;, Itumbiara, Sobradinho, Mascarenhas de Moraes, and Curu&aacute;-Una), leading to a significant AC
reduction effective from 2023; (b) Ordinance GM/MME 709/22, which introduced an Ordinary Review of the AC for hydroelectric power plants
effective from 2023, impacting several Eletrobras plants; (c) the AC increase at Santa Cruz TPP due to the completion of the Combined
Cycle, following ANEEL Order 481 of Feb 23, 2023 that authorized the start of commercial operations for a new generating unit at the plant.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">(2) Does not include quotas.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">(3) Includes contracts under Law 13.182/2015.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">(4) The figures presented refer to the Assured
Capacity of quotas in GWh.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">(5) Approved RAP for the current regulatory
cycle, considering the modules in operation at the end of each period&#8212;including those active at the start of the cycle, as well
as new modules that entered commercial operation. Includes transmission contracts from Eletrobras Holding, Chesf, CGT Eletrosul, Eletronorte,
TMT, and VSB.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 3 - Financial Highlights</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="width: 35%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria Math,serif; font-size: 10pt; color: white"><B>&#8710;%</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-right: white 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria Math,serif; font-size: 10pt; color: white"><B>&#8710;%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Financial Indicators</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; font-family: Times New Roman,serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Gross Revenue</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">12,222</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10,571</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">15.6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">13,914</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-12.2</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Adjusted Gross Revenue </FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">12,222</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10,571</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">15.6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">13,914</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-12.2</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Net Operating Revenue</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10,414</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8,718</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">19.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">12,025</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-13.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Adjusted Net Operating Revenue </FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10,414</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8,718</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">19.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">12,025</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-13.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Regulatory Net Operating Revenue</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9,708</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9,700</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.1</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10,704</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-9.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">EBITDA</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,318</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,620</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-6.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,027</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-14.1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Adjusted EBITDA </FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,416</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,530</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,672</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Regulatory EBITDA</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,485</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,696</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,444</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C6 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.8</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #DBD9C6 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Adjusted Regulatory EBITDA</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,377</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,606</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; background-color: white; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4.1</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,089</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBDBDB 1pt solid; background-color: white; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">EBITDA Margin (%)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">41.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">53.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-11.5pp</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">41.8</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.4pp</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Adjusted EBITDA Margin (%)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">42.4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">52.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-9.5pp</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">38.9</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3.6pp</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Return on Equity (ROE %)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3.8</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4.1pp</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8.5</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.5pp</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Adjusted Gross Debt</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">71,192</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">59,734</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">19.2</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">74,646</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Adjusted Net Debt (Adj Net Debt)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">39,272</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">40,835</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3.8</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">37,671</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Adj Net Debt/Adjusted LTM EBITDA</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2.2</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-30.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.5</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Net Income</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-354</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">331</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C6 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-207.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,112</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C6 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-131.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Adjusted Net Income</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-81</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">447</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-118.2</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">517</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-115.7</FONT></TD></TR>

<TR>
    <TD STYLE="width: 35%; border-top: #DBD9C7 1pt solid; border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #262626">Investments</FONT></TD>
    <TD STYLE="width: 13%; border-top: #DBD9C7 1pt solid; border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">912</FONT></TD>
    <TD STYLE="width: 13%; border-top: #DBD9C7 1pt solid; border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,221</FONT></TD>
    <TD STYLE="width: 13%; border-top: #DBD9C7 1pt solid; border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-25.3</FONT></TD>
    <TD STYLE="width: 13%; border-top: #DBD9C7 1pt solid; border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,775</FONT></TD>
    <TD STYLE="width: 13%; border-top: #DBD9C7 1pt solid; border-left: white 1pt solid; border-bottom: #009E49 1pt solid; border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-67.1</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: 18pt/120% Calibri,sans-serif; margin: 0; color: #0070C0"><B>HIGHLIGHTS OF CONSOLIDATED RESULTS</B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #494949"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt"><B>1.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt">CONSOLIDATED RESULT | IFRS AND REGULATORY</FONT></B></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 4 - Income Statement IFRS (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; text-indent: 7.9pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q24</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: #C9DA2A 1pt solid; border-right: white 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>4Q24</B></FONT></TD></TR>
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="width: 30%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 10%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>IFRS</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Adjustment</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Adjusted</B></FONT></TD>
    <TD STYLE="width: 10%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Adjusted</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>% Y/Y</B></FONT></TD>
    <TD STYLE="width: 10%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Adjusted</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>% Q/Q</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Generation</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">6,967</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">6,967</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,933</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">17.4</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7,986</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-12.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Transmission</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">5,186</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">5,186</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,559</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">13.8</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">5,773</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-10.2</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Others</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">69</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">69</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">79</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-13.4</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">155</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-55.7</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Gross Revenue</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>12,222</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>12,222</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>10,571</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>15.6</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>13,914</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-12.2</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(-) Deductions from Revenue</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,807</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,807</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,853</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-2.5</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,889</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-4.3</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Net Revenue</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>10,414</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>10,414</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>8,718</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>19.5</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>12,025</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-13.4</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Energy resale, grid, fuel and construction</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,862</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,862</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,856</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">35.2</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-5,385</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-28.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel, Material, Services and Others</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,658</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">191</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,467</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,594</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-8.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-2,040</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-28.1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Operating provisions</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-126</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">41</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-86</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-314</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-72.7</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-406</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-78.9</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Regulatory remeasurements - Transmission contracts</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-952</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-952</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other income and expenses</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">133</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-133</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>EBITDA, before Equity holdings</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,950</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>99</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>4,049</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>3,954</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>2.4</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>4,194</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-3.5</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Equity holdings</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">368</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">368</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">576</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-36.1</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">478</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-23.1</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,318</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>99</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,416</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,530</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-2.5</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,672</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-5.5</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">D&amp;A</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,112</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,112</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-997</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">11.6</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,033</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>EBIT</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,205</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>99</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,304</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>3,533</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-6.5</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,639</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-9.2</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Financial Result</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,494</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">173</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,321</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,781</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">19.4</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-2,755</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">20.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>EBT</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-289</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>272</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-16</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>752</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-102.2</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>884</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-101.9</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Income Tax and Social Contribution</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-65</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-65</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-305</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-78.7</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-367</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-82.3</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Net Income</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-354</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>272</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-81</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>447</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-118.2</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>517</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-115.7</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">&nbsp;</P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; margin: 0; font: 11pt Calibri,sans-serif; color: #0070C0">Earnings Release 1Q25</P></TD><TD STYLE="font: 10pt Calibri; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 5 - Regulatory IS (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-right: white 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: #C9DA2A 1pt solid; border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: #C9DA2A 1pt solid; border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q24</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: #C9DA2A 1pt solid; border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>4Q24</B></FONT></TD></TR>
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="width: 30%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 10%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>Regulatory</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Adjustment</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Adjusted</B></FONT></TD>
    <TD STYLE="width: 10%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Adjusted</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>% Y/Y</B></FONT></TD>
    <TD STYLE="width: 10%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Adjusted</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #C9DA2A 1pt solid; border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>% Q/Q</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Generation</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7,023</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7,023</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">6,365</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">10.3</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">8,018</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-12.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Transmission</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">4,423</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">4,423</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">5,110</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-13.4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">4,419</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Others</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">69</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">69</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">78</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-12.4</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">156</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-55.9</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Gross Revenue</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>11,515</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>11,515</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>11,553</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-0.3</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>12,593</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-8.6</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">(-) Deductions from Revenue</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,807</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,807</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,853</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-2.5</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,889</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-4.3</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Net Revenue</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>9,708</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>9,708</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>9,700</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0.1</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>10,704</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-9.3</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Energy resale, grid, fuel and construction</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,152</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,152</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-2,390</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">31.9</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,757</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-16.1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Personnel, Material, Services and Others</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,664</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">191</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,473</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,607</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-8.3</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-2,074</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-29.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Operating provisions</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">89</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-166</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-77</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-544</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-85.8</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-150</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-48.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Regulatory remeasurements - Transmission contracts</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Other income and expenses</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">133</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-133</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>EBITDA, before Equity holdings</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,114</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-108</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,006</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,160</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-3.0</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>4,724</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>6.0</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Equity holdings</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">371</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">371</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">446</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-16.8</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">365</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">1.7</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,485</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-108</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,377</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,606</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-4.1</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,089</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5.7</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">D&amp;A</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,592</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,592</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,478</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,620</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>EBIT</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,893</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-108</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,785</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>4,127</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-8.3</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,469</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>9.1</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Financial Result</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,656</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">380</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,276</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-2,870</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">14.2</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,035</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7.9</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>EBT</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>237</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>272</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>509</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>1,258</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-59.5</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>434</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>17.2</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Income Tax and Social Contribution</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-101</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-101</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-370</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-72.6</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">663</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-115.3</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Net Income</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>136</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>272</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>408</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>887</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-54.0</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>1,097</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-62.8</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/120% Calibri,sans-serif; margin: 6pt 0 5pt; text-align: justify; color: #494949">&nbsp;</P>


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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #494949"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt"><B>2.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt">ADJUSTED REGULATORY INCOME STATEMENT</FONT></B></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">This section presents the reconciliation
between Regulatory and IFRS Income Statements, along with the adjustments related to non-recurring events in the Regulatory Income Statement.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #494949">Additional explanations
are provided in</FONT> <FONT STYLE="color: blue">Appendix 4</FONT> <FONT STYLE="color: #494949">of this report to support a better understanding
of the topics.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #494949">A detailed reconciliation
is also available in the &#8216;Regulatory and Corporate Income Statement Reconciliation&#8217; spreadsheet, accessible on Company's IR
website in the </FONT><FONT STYLE="color: blue">Results Center</FONT><FONT STYLE="color: #494949">, under &#8216;Attachments&#8217;.</FONT></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 6 - Regulatory IS x IFRS IS(R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="width: 46%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 11%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>1Q25 </B></P>
    <P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>IFRS</B></P></TD>
    <TD STYLE="width: 10%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Difference</B></FONT></TD>
    <TD STYLE="width: 11%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25 Regulatory</B></FONT></TD>
    <TD STYLE="width: 11%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Adjustment</B></FONT></TD>
    <TD STYLE="width: 11%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25 Regulatory Adjusted</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Generation</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">6,967</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">56</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7,023</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7,023</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Transmission</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">5,186</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-763</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">4,423</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">4,423</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Others</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">69</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">69</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">69</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Gross Revenue</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>12,222</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-707</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>11,515</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>11,515</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">(-) Deductions from Revenue</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,807</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,807</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,807</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Net Revenue</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>10,414</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-707</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>9,708</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>9,708</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 6.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Construction</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-745</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">745</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 6.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Energy resale</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,560</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-183</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,743</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,743</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 6.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Grid</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-996</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">148</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-849</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-849</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 6.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Fuel</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-560</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-560</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-560</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Energy resale, grid, fuel and construction</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,862</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">710</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,152</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,152</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 6.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Personnel</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-952</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-4</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-956</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">150</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-806</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Material</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-52</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-52</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-52</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Services</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-438</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-438</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">42</FONT></TD>
    <TD STYLE="border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-396</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 6pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Others</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-217</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-219</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-219</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Personnel, Material, Services and Others</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,658</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,664</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">191</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,473</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Operating provisions</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-126</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">216</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">89</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-166</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-77</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Regulatory remeasurements - Transmission contracts</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-952</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">952</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Other income and expenses</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">133</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">133</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-133</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>EBITDA, before Equity holdings</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,950</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>1,164</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,114</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-108</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,006</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Equity holdings</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">368</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">3</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">371</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">371</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>4,318</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>1,167</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,485</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-108</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,377</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">D&amp;A</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,112</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-479</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,592</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1,592</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>EBIT</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,205</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>688</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,893</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-108</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,785</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Financial Result</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,494</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-163</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,656</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">380</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3,276</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>EBT</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-289</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>526</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>237</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>272</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>509</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Income Tax and Social Contribution</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-65</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-36</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-101</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-101</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Net Income, continued</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-354</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>489</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>136</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>272</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>408</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/13.2pt Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949"><B>&nbsp;</B></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Adjustments of non-recurring events</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The following adjustments are based
on events deemed non-recurring:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">PMSO, Personnel: R$ 150 million, of which
R$ 96.4 million was VDPs and R$ 53.3 million was severance.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">PMSO, Services: R$ 42 million for legal
consulting related to the contingency reduction strategy.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Operational Provisions: -R$ 166 million
in provisions to litigation, to the settlement of lawsuits related to compulsory loan, to estimated losses on investments and asset impairment,
as well as to monetary adjustment of onerous contracts.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Other Income and Expenses: -R$ 133 million
with the entire line adjusted, being R$ 48 million related to the sale of the deactivated TPP Santana and R$ 85 million from an agreement
with suppliers.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Financial Result: R$ 380 million linked
to the monetary update of compulsory loan and litigation.</FONT></TD></TR></TABLE>


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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #494949"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt"><B>3.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt">ADJUSTED EBITDA</FONT></B></P>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Adjusted Regulatory EBITDA</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #494949">In 1Q25, </FONT><FONT STYLE="color: #0070C0"><B>Adjusted
Regulatory EBITDA</B></FONT> <FONT STYLE="color: #494949">totaled R$ 5,377 million, down R$ 229 million compared to 1Q24, reflecting lower
transmission revenue, higher costs for energy purchased for resale, and a reduced contribution from equity income&#8212;partially offset
by higher generation revenue, lower PMSO expenses, and a reduced volume of provisions recognized during the quarter.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">It is worth noting that the decrease
in EBITDA can also be explained by a negative financial result in the short-term market (CCEE), due to the higher settlement volume, which
had a negative net effect mainly caused by price differences between submarkets. The increase in free market trading reflects a strategy
that favored higher contracting in 1Q25, rather than maintaining uncontracted energy volumes for the rest of the year.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">It is important to highlight that
this portfolio optimization strategy is based on a balanced assessment of supply and demand risks under prospective scenarios throughout
the year. These assumptions are continuously reviewed and recalibrated.</P>

<P STYLE="font: 10pt/112% Calibri,sans-serif; margin: 0; color: #494949"><B>Table 7 - Adjusted Regulatory EBITDA (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0072C6; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Net Revenue (1)</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9,708</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9,700</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.1</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10,704</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-9.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Energy resale, grid charges, fuel</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3,152</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,390</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">31.9</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3,757</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-16.1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">- Personnel, Material, Services and Others</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,473</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,607</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-8.3</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,074</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-29.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">- Operating provisions (1)</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-77</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-544</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-85.8</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-150</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-48.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">- Other income and expenses</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">+ Equity Holdings</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">371</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">446</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-16.8</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">365</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.7</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Adjusted Regulatory EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5,377</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5,606</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-4.1</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5,089</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5.7</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">(1) Recognizes the amount of R$ 432
million in 1Q24 related to revenue from Amazonas Energia. Due to default, these balances are also fully recognized in operating provisions.
In 4Q24 and 1Q25, the revenue from thermal plants was recognized without any corresponding provision. As part of HPP Balbina's revenue
remained&#8212;and continues to remain&#8212;in default, the amounts of R$ 32 million in 4Q24 and R$ 56 million in 1Q25 were provisioned.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #0070C0"><B>Generation revenue
</B></FONT><FONT STYLE="color: #494949">was R$ 7,023 million in 1Q25, up R$ 658 million compared to 1Q24, mainly due to higher revenues
in the free contracting environment (ACL) of R$ 753 million and in the regulated contracting environment (ACR) of R$ 263 million, which
were partially offset by lower revenues from plants under the quota regime of R$ 268 million, and from the short-term market of R$ 89
million. </FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The increase in revenue was accompanied
by higher costs associated with generation, of R$ 762 million, reaching R$ 3,152 million in 1Q25. Of note were expenses with energy purchased
for resale and fuel for electricity production, which went up by R$ 830 million and R$ 54 million, respectively, while expenses with network
usage charges fell by R$ 123 million.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Still on generation, it is also worth
noting the progress in receivables related to energy sold by Eletrobras thermal plants and by Balbina HPP to Amazonas Energia (AmE) following
the resumption of its recognition in 3Q24. In 1Q25 the regulatory gross revenue from energy sold by thermal plants and Balbina HPP totaled
R$1.3 billion. Approximately 88% of the total was billed under the Reserve Energy Contract (CER) and was received through the Reserve
Energy Charge. It is worth noting that in 1Q25 there is no more volume to be converted into CER. The remaining 12%, billed to AmE is divided
into two groups:</P>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 0.25in; text-align: justify; color: #494949">(a) Sales contracts from thermal
plants classified as Independent Power Producers, which were &#9;paid by AmE (3% of the total); and</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 0.25in; text-align: justify; color: #494949">(b) Energy sold by Balbina
HPP (9% of the total).</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The only unpaid portion in the quarter,
of R$ 56 million, corresponds to approximately 48% of the energy sold by Balbina HPP, and it accounts for the difference between regulatory
and IFRS gross revenue. In the IFRS accounting, this portion was not recognized as revenue, whereas in the regulatory accounting, it was
recognized and fully provisioned.</P>

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<P STYLE="font: 10pt/120% Calibri,sans-serif; margin-top: 6pt; margin-bottom: 6pt; text-align: left; color: #494949"><B>Table 8 - Amazonas Energia
(R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="width: 47%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 28%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Regulatory</B></FONT></TD>
    <TD STYLE="width: 25%; border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-right: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>IFRS</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Gross Revenue, HPP Balbina</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>118</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>62</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Paid</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">62</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">62</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Outstanding</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">56</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Provision, HPP Balbina</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-56</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: center; color: #494949">&nbsp;</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #0070C0"><B>Transmission revenue</B></FONT>
<FONT STYLE="color: #494949">was R$ 4,423 million in 1Q25, down R$ 687 million from 1Q24, mainly driven by reductions in Annual Permitted
Revenue (RAP) and the Adjustment Portion (PA), revised as part of the Periodic Tariff Adjustment and Annual Adjustment processes for the
2024-2025 regulatory cycle, which started in July 2024.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #0070C0"><B>Personnel, Material,
Services and Others (PMSO)</B></FONT> <FONT STYLE="color: #494949">went down by R$ 134 million YoY, totaling R$ 1,473 million in 1Q25.
This decrease is primarily driven by the gains from various initiatives implemented by the Company to improve staff efficiency, as well
as adjustments to processes and the organizational structure.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #0070C0"><B>Provisions</B></FONT>
<FONT STYLE="color: #494949">decreased R$ 467 million, reaching R$ 77 million in 1Q25, from R$ 544 million in 1Q24 . This reduction essentially
reflects the sharp decline in defaults on energy sales to Amazonas Energia, from R$432 million in 1Q24 to R$56 million in 1Q25, given
that in 2024, energy sold by both the thermal plants and Balbina HPP was in default, whereas in 2025, defaults were limited to only the
portion of energy sold by Balbina.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #494949">Finally, </FONT><FONT STYLE="color: #0070C0"><B>equity
income</B></FONT> <FONT STYLE="color: #494949">represented a YoY improvement of R$ 75 million, reaching R$ 371 million in 1Q25.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Adjusted IFRS EBITDA</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #0070C0"><B>Adjusted IFRS EBITDA</B></FONT>
<FONT STYLE="color: #494949">reached R$ 4,416 million in 1Q25, down -2.5% from 1Q24. </FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The increase in transmission and generation
revenues, along with reductions in PMSO and provision expenses, was not enough to offset the increase in expenses with energy purchased
for resale and the lower contribution from equity income.</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 6pt 0 0; color: #494949"><B>Table 9 - Adjusted IFRS EBITDA (R$ mm)</B></P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="width: 50%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Net Revenue</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10,414</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8,718</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">19.5</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">12,025</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-13.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Energy resale, grid charges, fuel</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3,862</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,856</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">35.2</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5,385</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-28.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Regulatory remeasurement &#8211; Transmission Contracts</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-952</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">- Personnel, Material, Services and Others</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,467</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,594</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-8.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,040</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-28.1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">- Operating provisions</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-86</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-314</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-72.7</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-406</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-78.9</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">- Other income and expenses</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">+ Equity Holdings</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">368</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">576</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-36.1</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">478</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-23.1</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Adjusted IFRS EBITDA </B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,416</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,530</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-2.5</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,672</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-5.5</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt Calibri,sans-serif; margin: 6pt 0 0"><FONT STYLE="color: #494949">The table detailing the EBITDA calculation, in accordance
with CVM Resolution 156/2022, is presented in </FONT><FONT STYLE="color: blue">Appendix 5</FONT> <FONT STYLE="color: #494949">of this
document.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>


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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #494949"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt"><B>4.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt">ENERGY TRADING</FONT></B></P>

<P STYLE="font: 11pt/13.2pt Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Eletrobras companies sold 39.0 TWh
of energy in 1Q25, up 20.9% compared to the 32.3 TWh traded in 1Q24. The volumes sold include energy from plants under the quota regime,
renewed under Law 12,783/2013, as well as from plants operating under the ACL and ACR exploration regimes and Special Purpose Entities
- SPEs, consolidated: HPPs Teles Pires (starting Oct/23), Baguari (starting Oct/23), Retiro Baixo (starting Nov/23), and Santo Ant&ocirc;nio
(starting Nov/23).</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 10 - Energy Balance 1Q25 (aMW)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; line-height: 120%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: white"><B>2025</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: white"><B>2026</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: white"><B>2027</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Resources with no impact on the balance sheet (1)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>964</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 54%; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 7%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 7%; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 7%; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 7%; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Resources (A)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>16,213</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>16,621</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>17,692</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Own resources (2) (3) (4) (5)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>14,155</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>15,418</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>16,570</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hydraulic</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">13,915</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">15,161</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">16,313</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wind</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">240</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">257</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">257</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Energy Purchase</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">2,058</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">1,204</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">1,122</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Limit =&gt;</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Lower</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Higher</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Lower</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Higher</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Lower</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Higher</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Sales (B) (6)</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>11,180</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>13,680</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>9,003</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>11,003</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>6,820</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>8,320</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">ACR - Except quotas</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">3,424</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">3,503</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">3,070</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">ACL - Bilateral Contracts + STM implemented (range) (6)</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7,756</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">10,256</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">5,500</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7,500</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">3,750</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">5,250</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Average prices Contracts signed</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Limit =&gt;</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Lower</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Higher</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Lower</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Higher</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Lower</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Higher</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Average Price of Sales Contracts (ACR and ACL - R$/MWh) </FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">170</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">180</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">185</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">205</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">190</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">220</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>&nbsp;Balance (A - B)</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,032</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>2,532</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>7,618</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,618</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>10,873</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>9,373</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">&nbsp;Balance considering estimated hedge (9)</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>2,500</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>4,859</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>2,859</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>7,904</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>6,404</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Uncontracted energy considering estimated hedge (9)</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>15%</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0%</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>29%</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>17%</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>45%</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>36%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">Contracts signed until 3/31/2025.</P>

<P STYLE="font: 7pt/8.4pt Calibri,sans-serif; margin: 0; color: #494949">The energy balance reflects the SPEs consolidated into Eletrobras,
including Santo Ant&ocirc;nio HPP (since 3Q22) and HPPs Baguari and Retiro Baixo (since 4Q23) in terms of resources, sales, and average
prices. Similarly, Teles Pires HPP, the SPE consolidated into Eletronorte (since 4Q23), is also included.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 0; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Calibri,sans-serif">1.</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif">The energy balance does not include Independent Power Producers (IPPs) contracts resulting
from the Amazonas Distribuidora de-verticalization process, thermal plant availability contracts, or Assured Capacity Quotas, whether
in terms of resources, requirements (sales), or average prices. These resources are recorded only for 2025 and are not considered for
future years due to divestments.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/8.4pt Times New Roman,serif; margin-top: 0; margin-bottom: 0; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Calibri,sans-serif">2.</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif">Own Resources include the decotization plants (new IPPs) and the New Grants&#8212;Sobradinho,
Itumbiara, Tucuru&iacute;, Curu&aacute;-Una, and Mascarenhas de Moraes. For hydroelectric projects, the estimate of GFIS2 was used, representing
Assured Capacity adjusted for Internal Losses, Losses in the Basic Grid, Availability, and portfolio-specific factors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 0; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Calibri,sans-serif">3.</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif">The revised Assured Capacity values, as outlined in Ordinance No. 709/GM/MME, of November
30, 2022, have been taken into account. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 0; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Calibri,sans-serif">4.</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif">With the gradual phasing out of legacy contracts (decotization), plants currently operating
under the quota regime are gradually granted new concessions under the IPP regime over a five-year period beginning in 2023. The Assured
Capacity values were established in Ordinance GM/MME No. 544/21.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/8.4pt Times New Roman,serif; margin-top: 0; margin-bottom: 0; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Calibri,sans-serif">5.</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif">Considering the new concession grants from 2023 onward for the Sobradinho, Itumbiara,
Tucuru&iacute;, Curu&aacute;-Una, and Mascarenhas de Moraes plants, whose Assured Capacity values were established in Ordinance GM/MME
No. 544/21. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 0; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Calibri,sans-serif">6.</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif">The balances include intercompany transactions, impacting both energy purchase and sales
lines in the ACL, in the following amounts: approximately 800 aMW in 2025, 200 aMW in 2026 and 2027 and 150 aMW in 2028.</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-indent: 9pt; color: #494949">&nbsp;</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">&nbsp;</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 11 - Assured Capacity Quotas of Hydroelectric Power Plants
(aMW)</B></P>

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  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 46%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 18%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.75pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>2025</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.75pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>2026</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-right: white 1pt solid; padding-right: 2.75pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>2027</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Assured Capacity Quotas</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.75pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,626</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.75pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,313</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.75pt; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/120% Times New Roman,serif; margin-top: 5pt; margin-bottom: 0; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Calibri,sans-serif">7.</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif">This excludes the Assured Capacity of Jaguari HPP (12.7 aMW), whose concession remains
under Eletrobras&#8217; provisional management. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 0; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Calibri,sans-serif">8.</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif">Decotization occurs gradually over a five-year period beginning in 2023. The Assured
Capacity values applied from 2023 onward are those established in Ordinance GM/MME No. 544/21.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 0; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Calibri,sans-serif">9.</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif">The figures represent an estimate of uncontracted energy. The projected value for 2025
is 83.5%, while for subsequent years, the average historical GSF from 2019 to 2023 of 82.7% was considered. Source: CCEE, obtained from
the CCEE website at the following link: CCEE Data and Analysis (in Portuguese only, select the MRE option in the panel). It is important
to note that this is only an estimate, based on historical data and past events. </FONT></TD></TR></TABLE>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-indent: 9pt; color: #494949">&nbsp;</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">&nbsp;</P>

<P STYLE="font: 6pt/120% Calibri,sans-serif; margin: 0; color: #494949">&nbsp;</P>

<P STYLE="font: 6pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>


<!-- Field: Page; Sequence: 14 -->
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    <!-- Field: /Page -->

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #494949"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt"><B>5.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt">INVESTMENTS AND EXPANSION PROJECTS</FONT></B></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Investments in 1Q25 totaled R$ 912
million, with R$ 655 million allocated to transmission, R$ 167 million to generation, R$ 43 million to infrastructure and R$ 47 million
to the environmental area.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The amount invested in infrastructure
was allocated as follows: 53% to socio-environmental initiatives, 20% to IT, 17% to real estate, and 10% to equipment and vehicles. In
the socio-environmental area, key highlights included investments related to the maintenance of operating licenses for power plants and
substations, seismological monitoring, water quality and wildlife monitoring, as well as land compensation.</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 12 - Investments (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 35%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Generation Corporate</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>167</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>502</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-66.8</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>827</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-79.9</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Implementation / Expansion</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">37</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">298</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-87.7</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">283</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-87.1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Maintenance</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">130</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">204</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-36.4</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">543</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-76.1</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Transmission Corporate</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>655</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>627</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4.6</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,442</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-54.5</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Expansion</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">54</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,420.7</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">136</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-60.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Reinforcements and improvements</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">596</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">599</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.4</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,266</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-52.9</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Maintenance</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">24</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-78.9</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">40</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-87.1</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Infrastructure</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>43</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>19</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>127.6</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>381</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-88.6</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Environmental</B></FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>47</B></FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>69</B></FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-31.6</B></FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>126</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-62.8</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>SPEs</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-100.0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0.0</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Generation - Contributions</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0.0</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Generation - Acquisition</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0.0</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Transmission - Contributions</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-100.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0.0</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Transmission - Acquisition</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0.0</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>912</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,221</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-25.3</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>2,775</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-67.1</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 5pt 0 0; color: #494949">&nbsp;</P>


<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; margin: 0; font: 11pt Calibri,sans-serif; color: #0070C0">Earnings Release 1Q25</P></TD><TD STYLE="font: 10pt Calibri; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
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    <!-- Field: /Page -->


<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Generation</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Investments in generation totaled
R$ 167 million in 1Q25, compared to R$ 502 million in 1Q24.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The reduction is mainly explained
by decreased expenses associated with the expansion of CGT Eletrosul, as the Coxilha Negra Wind Farm project nears completion .</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">In 1Q25, main expenditures were allocated
to</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>

<DIV STYLE="position: relative; float: left; width: 48%; padding-right: 0%; padding-bottom: 8pt; overflow: hidden; padding-top: 3pt">
<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 13 - Investments in Generation<SUP>1</SUP></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 43%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Generation (R$ mm)</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: #C9DA2A 1pt solid; border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Maintenance</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>130</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>204</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-36.4</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletrobras Holding</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">23</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">28</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-20.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletronorte</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">30</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">78</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-61.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Chesf</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">77</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">98</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-20.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CGT Eletrosul</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-60.3</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Expansion</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>37</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>298</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-87.7</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletrobras Holding</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-97.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletronorte</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-80.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Chesf</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">35.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CGT Eletrosul</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">33</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">291</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-88.6</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>167</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>502</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-66.8</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 6pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">&nbsp;</P>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0"><FONT STYLE="color: #494949"><SUP>1</SUP> For more information on the Composition
of Eletrobras Holding, see </FONT><FONT STYLE="color: blue">Appendix 3</FONT><FONT STYLE="color: #494949">.</FONT></P>
</div>

<DIV STYLE="position: relative; float: left; margin-left: 3%; width: 49%; padding-right: 0%; padding-bottom: 8pt; overflow: hidden; padding-top: 3pt">

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/13.2pt Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Maintenance</B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">:
R$ 77 million by Chesf to replace equipment at the Paulo Afonso IV, Sobradinho and Luiz Gonzaga plants; R$ 30 million by Eletronorte,
primarily involving Tucuru&iacute;, Curu&aacute;-Una and Samuel HPPs, and R$ 23 million by Eletrobras, with emphasis on Porto Col&ocirc;mbia,
Itumbiara, Corumb&aacute;, Batalha and Mascarenhas de Moraes HPPs.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Expansion</B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">:
R$ 33 million by CGT Eletrosul for the expansion of the Coxilha Negra Wind Farm, with the start of commercial operation of wind turbines
in 3Q24, and R$ 3 million by Chesf for the Casa Nova B wind farm.</FONT></TD></TR></TABLE>
</div>


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<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Transmission</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Investments in transmission totaled
R$ 655 million in 1Q25, mainly in reinforcements and improvements (R&amp;I) that reached R$ 596 million, a stable level compared to 1Q24.
Investments in expansions reached R$ 54 million, reflecting the progress of activities in transmission lines and substations related to
lots won in auctions in recent years.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">In 1Q25, expenditures were distributed
as follows:</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>
<DIV STYLE="position: relative; float: left; width: 48%; padding-right: 0%; padding-bottom: 8pt; overflow: hidden; padding-top: 3pt">
<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 14 - Investments in Transmission<SUP>2</SUP></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 55%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Transmission (R$ mm)</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #C9DA2A 1pt solid; border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Reinforcements and Improvements</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>596</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>599</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-0.4</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletrobras Holding</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">209</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">143</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">46.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletronorte</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">107</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">194</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-45.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Chesf</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">228</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">188</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">21.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CGT Eletrosul</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">52</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">74</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-29.6</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Maintenance</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>24</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-78.9</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletrobras Holding</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">6</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-93.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletronorte</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">15</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-86.1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Chesf</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CGT Eletrosul</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-19.5</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Expansion</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>54</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>n.m.</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletrobras Holding</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">245.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletronorte</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">47</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">n.m.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Chesf</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-67.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CGT Eletrosul</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>655</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>627</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4.6</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">&nbsp;</P>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 7pt Calibri,sans-serif; margin: 0"><FONT STYLE="color: #494949"><SUP>2</SUP> For more information on the Composition
of Eletrobras Holding, see </FONT><FONT STYLE="color: blue">Appendix 3</FONT><FONT STYLE="color: #494949">.</FONT></P>
</div>


<DIV STYLE="position: relative; float: left; margin-left: 3%; width: 49%; padding-right: 0%; padding-bottom: 8pt; overflow: hidden; padding-top: 3pt">


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/13.2pt Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Eletrobras Holding</B></FONT><B><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">:</FONT></B><FONT STYLE="color: #494949; font-family: Calibri,sans-serif; font-size: 11pt">
R$ 209 million, of which R$ 158 million is large-scale and R$ 51 million is small-scale, primarily involving Substations Po&ccedil;os
de Caldas, Itaber&aacute;, Araraquara, Bras&iacute;lia, Adrian&oacute;polis, Viana and Ivaipor&atilde;.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/13.2pt Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Eletronorte</B></FONT><B><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">:</FONT></B><FONT STYLE="color: #494949; font-family: Calibri,sans-serif; font-size: 11pt">
R$ 107 million, of which R$ 61 million was large-scale and R$ 46 million was small-scale, primarily involving Marab&aacute;, Colinas,
Imperatriz, Vila do Conde and Porto Velho substations.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/13.2pt Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Chesf</B></FONT><B><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">:</FONT></B><FONT STYLE="color: #494949; font-family: Calibri,sans-serif; font-size: 11pt">
R$ 228 million, of which R$ 123 million were large-scale and R$ 105 million were small-scale, primarily involving Delmiro Gouveia, Messias,
Jardim and Teresina, Bongi, Po&ccedil;&otilde;es, Piau&iacute;, Jacaracanga and Jardim substations.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/13.2pt Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>CGT Eletrosul</B></FONT><B><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">:</FONT></B><FONT STYLE="color: #494949; font-family: Calibri,sans-serif; font-size: 11pt">
R$ 52 million, of which R$ 36 million was large-scale and R$ 16 million was small-scale, primarily involving Curitiba, Areia, Blumenau,
Gravata&iacute; and Assis substations.</FONT></TD></TR></TABLE>
</div>

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<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Expansion Projects - Transmission</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #0070C0"><B>Large-Scale Projects</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Sampling</B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">:
240 projects<SUP>3</SUP>, including the Itaipu HVDC System Revitalization project. In 1Q25, the sample was reduced from 241 to 240 projects,
due to 9 exclusions&#8212;8 of which were energized and 1 was revoked&#8212;while 8 new authorizations were issued by the regulator.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Estimated investment</B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">:
R$13.1 billion, excluding the Itaipu HVDC System Revitalization project, as Eletrobras is responsible solely for the execution, and therefore
does not benefit from associated revenue while being fully reimbursed for the amount disbursed.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Additional associated
RAP</B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">: R$1.8 billion between 2025-2030.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/13.2pt Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Auctions</B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">:
the following SPEs stand out: Nova Era Janapu, which was part of the sample since 2Q24, while Nova Era Catarina, Nova Era Cear&aacute;,
Nova Era Integra&ccedil;&atilde;o and Nova Era Teresina were added in 3Q24<SUP>4</SUP>. In addition, the sample also includes a lot
awarded at Auction 01/2022, won by Eletronorte.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/112% Calibri,sans-serif; margin: 0 0 5pt 17.85pt; text-align: justify; text-indent: -0.25in; color: #0070C0"><B>Small-Scale
Projects</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Sampling</B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">:
database of the Improvement and Reinforcement Plan Management System (SGPMR).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Projects</B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">:
9,635 small-scale events under implementation or to be implemented, of which 9,077 were improvements and 558 were reinforcements.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/112% Times New Roman,serif; margin: 0 0 5pt; text-align: justify; text-indent: 0.25in; color: #404040"><B>&nbsp;</B></P>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Expansion Projects
- Generation</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Two projects are currently under construction
and, once completed, will add approximately 330 MW to Eletrobras&#8217; installed capacity.</P>

<P STYLE="font: 11pt/112% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; text-indent: 14.15pt; color: #0070C0"><B>Coxilha Negra
Wind Farm (302.4 MW capacity, located in Rio Grande do Sul state)</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Estimated Investment:
R$2.4 billion</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%">Completion
of assembly for 72 wind turbines.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%">As of
March 31, 2025, 63 wind turbines were in commercial operation, with another 8 undergoing testing. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%">On April
4, 2025, the commissioning of the last wind turbine was completed and test operations began.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Implementation concluded
in April 2025</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%">Testing
began in February 2024, with commercial operations starting gradually in July 2024. By 1Q25, 71 wind turbines were operating, and the
final unit began testing in April 2025.</FONT></TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%">The
project is currently in its final stages, which include resolving outstanding documentation, completing operations of the wind farm and
the exclusive-use transmission system, demobilizing the construction site, and restoring degraded areas. These activities do not impact
the project&#8217;s operation and are accounted for in the contract.</FONT></TD></TR></TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949"><SUP>3</SUP> Referring to reinforcements, improvements and auction
projects. Considers projects registered in ANEEL's Transmission Management System (SIGET). Projects are included when added to the system
and excluded when they are canceled or enter commercial operation. The 240 projects will add approximately 2,400 km of transmission lines
and 12,000 MVA in substations.</P>

<P STYLE="font: 7pt/8.4pt Calibri,sans-serif; margin: 0; color: #494949"><SUP>4</SUP> Each of the 5 SPEs created holds the contracts
signed in last years' transmission auctions. SPE Nova Era Janapu holds contract no. 09/2023-ANEEL for the 4th lot of Auction 01-2023;
SPE Nova Era Teresina holds contract no. 04/2024-ANEEL for the 1st lot of Auction 01-2024; SPE Nova Era Cear&aacute; holds contract no.
06/2024-ANEEL for the 3rd lot of Auction 01-2024; SPE Nova Era Integra&ccedil;&atilde;o holds contract no. 08/2024-ANEEL for the 5th lot
of Auction 01-2024; and SPE Nova Era Catarina holds contract no. 12/2024-ANEEL for the 9th lot of Auction 01-2024.</P>
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<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #0070C0"><B>Casa Nova B Wind Farm (27 MW capacity,
located in Bahia state)</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Estimated Investment:
R$ 151 million</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0; line-height: 120%"><B>Physical
implementation progress</B>: <B>86%</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.2pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Considering both phases
of the project: Casa Nova A, which accounts for 60% of the project, is 100% complete, while Casa Nova B, representing the remaining 40%,
is 66% complete. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.2pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Physical works:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Completion and adjustments to wind turbine access, installation
of identification plates along the cable route, testing and voltage verification of power cables.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0; line-height: 120%"><B>Other
advances:</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.2pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Installation and energization
of a capacitor bank at the Casa Nova II substation, in compliance with requirements from ONS and ANEEL.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0; line-height: 120%"><B>Expected
start of full operations</B>:</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%">3Q27,
with the possibility of an earlier start depending on transmission system access. This access is exclusively subject to technical conditions
beyond the Company&#8217;s control, as these are projects managed by other agents.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>


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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #494949"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt"><B>6.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt">INDEBTEDNESS</FONT></B></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Net debt totaled R$ 39.3 billion in
1Q25, up R$ 1.60 billion from 4Q24 and down R$ 1.56 billion from 1Q24. The Net Debt/Adjusted Regulatory EBITDA LTM ratio reached 1.7x
in 1Q25, 1.6x in 4Q24 and 1.8x in 1Q24.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">As a result of liability management
and a 200 bps increase in the Brazilian basic interest rate (Selic), the Company's average debt maturity was extended by 12.6 months,
while the total average cost decreased to CDI + 0.15% p.a. in 1Q25 from CDI + 0.93% p.a. in 1Q24.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Deserves highlight the maturity in
February of the 2025 Bond, with a principal amount of US$ 500 million. On the funding side, the highlight of the quarter was the issuance
of bank debt by Eletronorte in the amount of R$ 500 million (equivalent to US$86.5 million), to strengthen cash position. The issuance
carries a SOFR + 0.45% rate, swapped to CDI + 0.44% p.a., with maturity on March 1, 2026.</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 15 - Net Debt (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 65%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>12/31/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>03/31/2024</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(+) Gross Debt</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">70,890</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">75,621</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">59,541</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(+) Derivatives (currency hedge) Net</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">302</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-974</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">193</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(-) Cash and Cash Equivalents + Current Securities</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">30,281</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">35,524</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">17,327</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(-) Restricted Cash for Loans and Financing</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">994</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">813</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">918</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(-) Loans receivable</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">644</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">639</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">654</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAEE">
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Net Debt</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>39,272</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>37,671</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>40,835</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Calibri,sans-serif; margin: 3pt 0 0; color: #494949"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 3pt 0 0; color: #494949"><B>Chart 1 - Loans and Financing Payable (R$ billion)</B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; text-align: center"><IMG SRC="ebrpr1q256k_004.jpg" ALT=""><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949; line-height: 120%"><B></B></FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; text-indent: 21.25pt; color: #494949">&nbsp;</P>



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<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 16 - Gross Debt Breakdown</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 25%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Creditor</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Index</B></FONT></TD>
    <TD STYLE="width: 32%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Average cost (per year)</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Total Balance (R$ million)</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>Share of</B></P>
    <P STYLE="font: 9pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>Total (%)</B></P></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; line-height: 10pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Deb&ecirc;ntures &amp; Commercial papers</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CDI</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CDI + 0.09% to 2.20%</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">24,102</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">34.0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; line-height: 10pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Deb&ecirc;ntures &amp; Commercial papers</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IPCA</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IPCA + 3.75% to 7.029%</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">15,680</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">22.1</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">BNDES</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">TJLP, IPCA</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IPCA + 5.38% to 6.41%; TJLP to TJLP + 3.28%</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">6,296</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8.9</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Banco do Brasil</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CDI, IPCA, TJLP</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">TJLP + 1.89% to 2.13%, CDI + 2% to 2.25%, IPCA to 6.56%</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,059</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2.9</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Banco do Nordeste do Brasil</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IPCA, TFC</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IPCA + 2.33% to 6.56%, 2.94% to 9.5%</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,485</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2.1</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; line-height: 10pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Caixa Econ&ocirc;mica Federal</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IPCA</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IPCA + 6.56%</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,483</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2.1</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Bradesco</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IPCA, CDI</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IPCA + 6.56%, CDI + 2.09% to 2.17%</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,344</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.9</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; line-height: 10pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Ita&uacute;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IPCA, CDI</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IPCA + 6.56%, CDI + 0.30% to 2.28%</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">503</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.7</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other Creditors</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CDI, IPCA, TJLP, Fixed Rate</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CDI + 0.19% to 2.20%, IPCA + 6.56%; 2.94% to 10%; TJLP + 5%</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,588</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7.9</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Foreign Currency - Bonds and other debts</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">USD</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.40% to 4.63%</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">11,638</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">16.4</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Foreign currency - other debts</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">EUR</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2.00% to 4.4212% </FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">712</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>70,890</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>100.0</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">*It is important to note that the Company has carried out exchange
rate hedge operations for certain foreign currency debts. The data below presents these debts along with their respective equivalent rates
(post-hedge) linked to the CDI:</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">Bonds 2025 - 97.41% of CDI</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">Bonds 2030 - CDI + 1.70% p.a.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">Bonds 2035 - 122.59% of CDI</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">Citibank - CDI + 0.19% to 1.70% p.a.</P>

<P STYLE="font: 7pt/8.4pt Calibri,sans-serif; margin: 0; color: #494949">Ita&uacute; - CDI + 0.30% p.a.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">** Exposure to BNDES only considers contracts under the BNDES
direct line.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">&nbsp;</P>



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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #494949"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt"><B>7.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt">COMPULSORY LOAN</FONT></B></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Eletrobras has implemented measures
to mitigate risks associated with legal proceedings related to compulsory loans on electricity, which involve the monetary adjustment
of book-entry credits.To address this, the Company has strengthened its legal defense strategy and pursued settlements with discounts
and full resolution of lawsuits.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">As a result of the negotiations:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">the inventory of provisions
was reduced by R$ 447 million compared to 4Q24 and R$ 2.9 billion compared to 1Q24, totaling R$ 13.1 billion in 1Q25, mainly due to the
agreements signed;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">net reversal of R$ 200
million in provisions due to agreements signed and favorable decisions in 1Q25;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">as a result of the reduction
in provision inventory, financial expenses related to monetary restatement decreased to R$ 173 million in 1Q25 from R$ 207 million in
1Q24 and R$ 175 million in 4Q24 .</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Thus, as from 3Q22, when negotiations
began, the provision inventory related to this set of lawsuits fell by R$ 12.7 billion, from R$25.8 billion to the current R$ 13.1 billion,
even considering the accumulated monetary restatement of R$2.5 billion in the period. In addition, the agreements signed also allowed
for the elimination of R$8.5 billion in legal risks considered &quot;off balance&quot;, of which R$ 791 million classified as possible
and R$ 7.7 billion as remote. These reductions are in line with the Company's strategy of reducing its legacy legal liabilities.</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 2 - Total inventory of compulsory loan provisions (R$ bn)</B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 5pt 0; text-align: center"><IMG SRC="ebrpr1q256k_005.jpg" ALT=""></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 5pt 0; text-align: center"></P>

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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #494949"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt"><B>8.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt">CASH FLOW</FONT></B></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">In 1Q25, funds generated by operating
activities reached R$ 6.0 billion, up R$ 2.7 billion from the R$ 3.3 billion recorded in 1Q24. It is worth highlighting this quarter the
receipt of approximately R$ 1.0 billion&#8212;related to energy sold by thermal plants to Amazonas Energia in 1Q25, portion that had been
in default in 1Q24.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Operating cash generation in 1Q25
was allocated to:</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">dividends (R$ 2.2 billion),</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">debt service (R$ 1.9 billion),</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">investments (R$ 1.9 billion),</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">litigation (R$ 0.5 billion).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 17 - Cash Flow (R$ bn)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 64%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>&#8710;%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Ajusted Regulatory EBITDA, before Equity Holdings</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5.01</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5.16</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-3.0</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">EBITDA Adjustment</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.11</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.09</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">19.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Income Tax and Social Contribution</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.24</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.32</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-26.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Working Capital</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.77</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.89</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-299.9</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Privatization Charges</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.89</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.85</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Dividends Received</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.28</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.14</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">91.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Operating Cash Flow</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>6.04</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>3.34</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>80.9</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Investments *</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1.87</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1.82</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Free Cash Flow</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4.17</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1.52</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>174.8</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Debt Service</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1.91</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1.54</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">24.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Litigation</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.53</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.24</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">117.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Guarantees and Restricted Deposits</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.51</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.21</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">145.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Supplementary social security</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.02</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.12</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-86.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Net Funding **</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4.46</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.63</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">612.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Receipt of Loans and Financial Charges</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.00</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.00</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-72.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Disposal of equity holdings</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.01</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.00</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">649.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Dividends</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2.19</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.00</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">n.m.</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAEE">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Free Net Cash</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-5.43</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-1.21</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>348.1</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Change in Restricted Cash (short and long term)</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.27</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.64</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-58.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Change in Financial Investments (long-term)</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.01</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.00</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">n.m.</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAEE">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Net Cash</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-5.71</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-1.85</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>208.2</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 6pt 14.1pt 0 0; color: #494949">*Excludes generation contributions.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">**Net funding: debt raised, net of issuance costs.</P>


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<P STYLE="font: 18pt/120% Calibri,sans-serif; margin: 0; color: #0070C0"><B>FINANCIAL AND OPERATING RESULTS ANALYSIS </B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #494949"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt"><B>9.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt">FINANCIAL PERFORMANCE</FONT></B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">9.1.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Operating Revenue</FONT></P>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Regulatory Generation Revenue</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Adjusted regulatory revenue was R$
7,023 million in 1Q25, R$ 56 million lower than adjusted IFRS generation revenue, reflecting the different treatment of the portion of
revenue from Amazonas Energia related to outstanding unpaid amounts for energy sold by Balbina HPP.</P>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 6pt 0; color: #009E49">Generation Revenue by Contracting Environment</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">When comparing 1Q25 x 1Q24 x 4Q24
there are no M&amp;A effects.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Excluding the portion from construction,
regulatory adjusted revenue from energy sales across all contracting environments totaled R$ 7,023 million in 1Q25, reflecting an YoY
increase of R$ 658 million.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The positive highlights were the respective
increases of R$ 753 million and R$ 263 million million in the free contracting and regulated market environments. On the other hand, there
was a R$ 268 million reduction in revenue from O&amp;M energy sales from plants under the quota regime. Finally, revenue in the short-term
market fell by R$ 89 million, reflecting the lower volume settled in this environment.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">In 1Q25, revenue increased 10.3% compared
to 1Q24, due to a 10.4% increase in average price and a 1.0% increase in volume.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The 211 aMW increase in total volume
is mainly explained by increases of 2,717 aMW in the free market and 401 aMW in the regulated market, more than offsetting the reductions
of 1,485 aMW in energy settled in the short-term market and 1,422 aMW of energy traded under the quota regime.</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 18 - Generation Revenue by Contracting Environment (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0070C0">
    <TD ROWSPAN="2" STYLE="border-top: #C9DA2A 1pt solid; border-right: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Revenue Generation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Volume (aMW) (a)</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: #C9DA2A 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Price (R$/MWh) (b)</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: #C9DA2A 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Regulatory Revenue (c) = (a) x (b)</B></FONT></TD></TR>
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>% Y/Y</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>% Q/Q</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>% Y/Y</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>% Q/Q</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>% Y/Y</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>% Q/Q</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 26%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(+) Regulated Market</FONT></TD>
    <TD STYLE="width: 12%; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,638</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9.5</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">13.8</FONT></TD>
    <TD STYLE="width: 8%; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">299</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.2</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-8.5</FONT></TD>
    <TD STYLE="width: 9%; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,000</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9.6</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.8</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Existing</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,667</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10.7</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">21.8</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">216</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3.2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-9.1</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,708</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">13.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8.3</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">M&amp;As (4)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; line-height: 10pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Tucuru&iacute; Extension</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Thermal</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">971</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-8.8</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">616</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.4</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5.8</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,292</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5.4</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5.6</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(+) Free Market</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9,022</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">43.1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">11.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">148</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4.5</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-10.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,892</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">35.2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2.3</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Existing</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9,022</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">43.1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">11.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">148</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4.5</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-10.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,892</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">35.2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2.3</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">M&amp;As (4)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(+) O&amp;M (Quotas) </FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,521</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-36.1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-35.4</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">95</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4.3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10.3</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">519</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-34.1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-30.3</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(+) ST Market (CCEE)(1)</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,314</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-25.6</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">51.9</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">66</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">18.6</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-69.9</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">612</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-12.7</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-55.3</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(=) Ex others</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">20,495</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8.2</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">159</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10.4</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-17.2</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7,023</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10.3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-12.4</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(+) Other (2)</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-18504.5</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1251500.4</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(=) Total</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7,023</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10.3</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-12.4</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Recurring</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7,023</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10.3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-12.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Non-recurring</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 4pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">&nbsp;</P>



<!-- Field: Page; Sequence: 24 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; margin: 0; font: 11pt Calibri,sans-serif; color: #0070C0">Earnings Release 1Q25</P></TD><TD STYLE="font: 10pt Calibri; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: #C9DA2A 1pt solid; border-right: #F2F2F2 1pt solid; border-bottom: #C9DA2A 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Revenue Generation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: #C9DA2A 1pt solid; border-right: #F2F2F2 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Regulatory Revenue (c)</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: #C9DA2A 1pt solid; border-right: #F2F2F2 1pt solid; background-color: #A5A5A5; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white">Accounting Adjustment (d) (3)</FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: #C9DA2A 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Accounting Revenue (e) = (c) + (d)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #F2F2F2 1pt solid; background-color: #A5A5A5; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #A5A5A5; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #A5A5A5; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #F2F2F2 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25x1Q24</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #F2F2F2 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25x4Q24</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 30%; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Regulated Market</FONT></TD>
    <TD STYLE="width: 6%; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,000</FONT></TD>
    <TD STYLE="width: 6%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,738</FONT></TD>
    <TD STYLE="width: 6%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,946</FONT></TD>
    <TD STYLE="width: 6%; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-56</FONT></TD>
    <TD STYLE="width: 6%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-432</FONT></TD>
    <TD STYLE="width: 6%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-32</FONT></TD>
    <TD STYLE="width: 6%; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,944</FONT></TD>
    <TD STYLE="width: 6%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,306</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">27.7</FONT></TD>
    <TD STYLE="width: 6%; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,914</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Free Market</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,892</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,139</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,959</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,892</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,139</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">35.2</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,959</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2.3</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">O&amp;M (Quotas)</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">519</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">787</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">745</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">519</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">787</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-34.1</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">745</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-30.3</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Short-term market (1)</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">612</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">701</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,368</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">612</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">701</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-12.7</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,368</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-55.3</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Energy Sales</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7,023</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">6,365</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8,018</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-56</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-432</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-32</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">6,967</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,933</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">17.4</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7,986</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-12.8</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Others (2)</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-18504.5</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1251500.4</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>7,023</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>6,365</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>8,018</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-56</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-432</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-32</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>6,967</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5,933</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>17.4</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>7,986</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-12.8</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Recurring</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7,023</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">6,365</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8,018</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-56</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-432</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-32</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">6,967</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,933</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">17.4</FONT></TD>
    <TD STYLE="border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7,986</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-12.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Non-recurring</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #F2F2F2 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 5pt 0 0; text-align: justify; color: #494949">(1) Short-term market: Electricity
Trading Chamber (CCEE)</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">(2) Construction Revenues</P>
<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">(3) The R$ 56 million in 1Q25 and R$ 32 million
in 4Q24 refer to energy sold by the HPP Balbina, but defaulted by Amazonas Energia. As a result, the amount is not recognized as revenue
under IFRS accounting, but is recorded under the regulatory accounting, where it is fully provisioned. In 1Q24, the R$ 432 million refers
to all energy sold to the same customer&#8212;not only by Balbina HPP, but also by the thermal plants.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">(4) M&amp;A: includes revenue from assets
in which Eletrobras' stake has changed over the last 12 months.</P>

<P STYLE="font: 12pt/115% Times New Roman,serif; margin: 0 0 5pt; text-indent: 0.15pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Regulated Contracting
Environment (ACR):</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">regulatory generation revenue
in ACR totaled R$ 3,000 million in 1Q25, up R$ 263 million from 1Q24, reflecting a 9.5% increase in volumes sold with stable prices. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Free Contracting Environment
(ACL):</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">regulatory generation revenue in ACL
totaled R$ 2,892 million in 1Q25, up by R$ 753 million from 1Q24, mainly due to the 43.1% increase in volume sold, which more than offset
the 4.5% drop in the average price. It is worth noting that, despite the decline, the average price was R$148/MWh&#8212;well above the
R$66/MWh recorded in the short-term market, where any unsold volume from other environments is settled. This positive effect of higher
volumes sold at ACL prices partially offset the increase in energy purchases in the short-term market.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>O&amp;M:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Operation and maintenance revenues totaled R$ 519 million
in 1Q25, down R$ 268 million from 1Q24, mainly reflecting the gradual phasing out of legacy contracts (decotization), mitigated by the
effects of the annual adjustment of the Annual Generation Revenue (RAG<SUP>5</SUP>).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Short-Term Market (CCEE):</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">revenue of R$ 612 million in 1Q25, down R$ 89 million compared
to 1Q24, explained by the higher volume traded in the free market. </FONT></TD></TR></TABLE>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Regulatory Transmission Revenue</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Regulatory transmission revenue was
R$ 4,423 million, down 13.4% from 1Q24. The decrease reflects the approval, in July 2024, of the 2023 periodic tariff review (RTP), which
were postponed to 2024, with a particular focus on the revenue review for concession contracts extended under Law No. 12,783/2013.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">It is worth noting that the eliminations,
both in regulatory and IFRS revenue, refer to the portion of transmission system usage charges paid by Eletrobras&#8217; generation companies
to the Group&#8217;s own transmission companies, which receive them as RAP. For consolidation purposes, these amounts are eliminated from
transmission revenue and from the cost of transmission system charges in generation. The IFRS accounting considers the portion of revenue
related to operation and maintenance (O&amp;M), whereas under regulatory accounting, the elimination reflects the RAP.</P>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949"><SUP>5</SUP> According to ANEEL Resolutions No. 3,068/2022 (2022-2023
cycle) and No. 3,225/2023 (2023-2024 cycle), impacting Eletronorte, Chesf and Furnas.</P>


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<P STYLE="font: 12pt Calibri,sans-serif; margin: 0; color: #494949"><FONT STYLE="font-size: 10pt"><B>Table 19 - Quarterly IFRS vs. Regulatory
Revenue (R$ mm)</B></FONT><FONT STYLE="font-size: 11pt"><SUP>6</SUP></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD ROWSPAN="2" STYLE="border-top: #009E49 1pt solid; border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: #009E49 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: #009E49 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="border-top: #009E49 1pt solid; border-right: white 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Regulatory</B></FONT></TD></TR>
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>IFRS</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Adjustments</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Regulatory</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>IFRS</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Adjustments</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Regulatory</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>&#8710;%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 26%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletrobras Holding</FONT></TD>
    <TD STYLE="width: 11%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,964</FONT></TD>
    <TD STYLE="width: 11%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-170</FONT></TD>
    <TD STYLE="width: 10%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,794</FONT></TD>
    <TD STYLE="width: 10%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,663</FONT></TD>
    <TD STYLE="width: 11%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">419</FONT></TD>
    <TD STYLE="width: 11%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,081</FONT></TD>
    <TD STYLE="width: 10%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-14</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Chesf</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,637</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-152</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,484</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,358</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">202</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,560</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CGT Eletrosul</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">607</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-106</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">500</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">560</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-33</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">527</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletronorte</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,096</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-201</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">894</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,059</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-37</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,022</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-12</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eliminations</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-117</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-133</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-250</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-80</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-80</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">212</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5,186</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-763</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,423</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,559</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>551</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5,110</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-13</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 3 - Reconciliation RAP and Transmission Revenue 1Q25 (R$
mm)</B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; text-align: center"><IMG SRC="ebrpr1q256k_006.jpg" ALT=""><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%"><B></B></FONT></P>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Regulatory Transmission Revenue: Approved RAP x Gross Revenue</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Annual Permitted Revenue
(RAP) and Approved Adjustment Portion (PA) 1Q25:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Corresponds
to &frac14; of the RAP and PA, respectively, of R$ 16,983 million and R$1,529 million, approved for the 2024/2025 cycle under ANEEL Resolution
No. 3,348/2024 for the transmission concession contracts of Eletrobras (post-Furnas incorporation), Chesf, CGT Eletrosul, Eletronorte,
TMT, and VSB. More details about PA in </FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: blue">Appendix 8</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Discount for unavailability:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Associated with the discount applied for Variable Portion
(PV) and Suspension of Base Payment (PB) due to the unavailability of transmission facilities, according to Module 4 of the Transmission
Services Rules (available on </FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: blue">ANEEL</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">&#8217;s
website). In 1Q25, the total revenue reduction due to unavailability was approximately -R$ 65 million, comprising -R$ 52 million related
to the Variable Portion and -R$ 13 million to the Suspension of Base Payment. The Suspension of Base Payment applies when, after reaching
one of the discount thresholds defined in Module 4, the Transmission Function (FT) remained unavailable for 30 consecutive days, without
either the facility being restored to operation or the temporary operational restriction being resolved.</FONT></TD></TR></TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">


<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0"><FONT STYLE="color: #494949"><SUP>6</SUP> For more information on Eletrobras
Holding's Corporate Structure, refer to </FONT><FONT STYLE="color: blue">Appendix 3</FONT> <FONT STYLE="color: #494949">of this report.</FONT></P>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Differences in ONS Calculation
- Prepayment Apportionment:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Related to the difference
arising from the deficit or surplus in revenue calculated by the ONS, as reflected in the Credit Notice (AVC) issued by the ONS, and offset
through the Adjustment Portion (PA) in the subsequent tariff cycle.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>CDE/Proinfa (Sectoral
Collection)</B>:</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">corresponds to collections of sector
charges (pass-through) from consumers directly connected to Eletrobras transmission facilities, related to the Energy Development Fund
(CDE) and the Incentive Program for Alternative Sources of Electricity (Proinfa), as considered in the AVCs issued by the ONS.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>CDE Fund:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">corresponds to the receipt via CCEE of amounts not collected
due to discounts on tariffs, which are offset annually through an Adjustment Portion. These amounts already include a portion of PIS/COFINS
taxes.</FONT></TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>New Investments:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Additional RAP for new installations (large-scale reinforcements
and improvements) in the basic network, authorized with previously defined revenues, which entered commercial operation throughout the
quarter.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Tariffs Mismatches </B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 17.85pt; text-align: justify; text-indent: 0.15pt"><FONT STYLE="color: #0070C0"><B>(i)
Between Annual Adjustment of Transmission and Distribution:</B></FONT> <FONT STYLE="color: #494949">Associated with the timing mismatch
between the amounts approved for Other Transmission Facilities (DIT) for exclusive use in the Annual RAP Adjustment for transmission companies
(ANEEL Resolution No. 3,348/2024) and the revenue amounts approved in the Annual Adjustments of the distribution companies, which occur
at different times. In 1Q25, this difference totaled approximately R$ 40 million.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 17.85pt; text-align: justify; text-indent: 0.15pt"><FONT STYLE="color: #0070C0"><B>(ii)
Border Network Difference:</B></FONT> <FONT STYLE="color: #494949">Related to the difference between the RAP amounts approved for the
Basic Border Network and Other Transmission Facilities (DIT) for shared use in the Annual RAP Adjustment of the transmission companies
for the 2024/2025 cycle, and the billing amounts reflected in the AVCs issued by ONS. These adjustments will be incorporated into the
Adjustment Portion of the following cycle. In 1Q25, this difference totaled approximately R$ 64 million.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 17.85pt; text-align: justify; text-indent: 0.15pt"><FONT STYLE="color: #0070C0"><B>(iii)
Other Transmission Facilities (DIT) Difference for Exclusive Use of Itaipu:</B></FONT> <FONT STYLE="color: #494949">Refers to the discrepancy
between the approved RAP for Other Transmission Facilities (DIT) for Itaipu&#8217;s exclusive use and the monthly amount collected based
on the power and tariff approved by ANEEL. For each subsequent calendar year, ANEEL publishes the contracted power amounts for Itaipu
in a specific Regulatory Resolution, while the monthly tariff for electricity transportation from Itaipu Binacional is published for the
Transmission tariff cycle. As a result, an adjustment is required to account for variations in contracted power, arising from the timing
mismatch between the calendar year and the tariff cycle. This adjustment is considered in the Adjustment Portion of the following cycle.
In 1Q25, this mismatch totaled approximately -R$ 11 million.</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0; line-height: 120%"><B>Complementary
Credit Notices associated with the termination of Transmission System Use Contracts (CUST): </B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%">Related
to the termination of CUST agreements linked to generation projects, as outlined in complementary Credit Notices (AVCs) issued by ONS.
Upon termination, ONS issues a Debit Notice (AVD) to the generation company and a Credit Notice to the transmission companies, specifying
the amount to be received&#8212;equivalent to 36 months of the Transmission System Usage Charge (EUST) under the contract. It is important
to note that transmission companies act solely as as intermediaries in collecting and transferring these amounts. The amount does not
include PIS/COFINS taxes.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>PIS/COFINS</B>:</FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">related to revenue from the Basic Network, Basic Border
Network and Other Transmission Facilities Shared, according to Credit Notices issued by the ONS. </FONT></TD></TR></TABLE>



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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0; line-height: 120%"><B>Others</B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%">:
Includes &#8220;Eliminations,&#8221; which represent transactions between companies within the same group, i.e., Eletrobras companies.
In 1Q25, total eliminations were approximately R$ -232 million.</FONT></TD></TR></TABLE>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">&nbsp;</P>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">RAP Changes for Extended and Tendered Contracts, as approved
by ANEEL Resolutions 3,343/2024 and 3,344/2024</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">On April 4 and 24, 2025, ANEEL published
Rulings No. 920/2025 and No. 1,228/2025, respectively, approving the revised results of the Periodic Review for contracts with a review
date in July 2024, as well as the 2<SUP>nd</SUP> Periodic Review of contracts renewed under Law No. 12,783/2013. The effects of these
approvals will be fully reflected in the 2025&#8211;2026 cycle.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #494949">As a result, there was
a reduction of 0.01%&#8212;equivalent to just R$ 14,000&#8212;when comparing the total approved RAP and Adjustment Portion to the amounts
set forth in ANEEL Resolution No. 3,343/2024 for the tendered contracts that were revised. For the renewed contracts, the reduction was
5.48%, or R$ 371.9 million, compared to the total approved RAP and Adjustment Portion established in ANEEL Resolution No. 3,344/2024.
Additional details on the changes, including a breakdown by contract, are provided in Appendices </FONT><FONT STYLE="color: blue">9</FONT>
<FONT STYLE="color: #494949">and </FONT><FONT STYLE="color: blue">10</FONT><FONT STYLE="color: #494949">.</FONT></P>

<P STYLE="font: 8pt/107% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">9.2.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Operating Costs and Expenses</FONT></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 20 - Operating Costs and Expenses (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="width: 35%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-right: white 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Energy purchased for resale</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,560</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">737</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">111.6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,082</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-25.1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Charges on use of the electricity grid</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">996</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">972</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2.6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">968</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2.9</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Fuel for electricity production</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">560</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">506</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">531</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Construction</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">745</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">642</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">16.1</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,804</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-58.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel, Material, Services and Others</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,658</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,627</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.9</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,332</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-28.9</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Depreciation and Amortization</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,112</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">997</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">11.6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,033</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Operating provisions</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">126</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">196</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-35.4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-146</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-186.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Regulatory remeasurements</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">952</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Costs and expenses</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>7,710</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5,676</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>35.8</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>8,604</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-10.4</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B><I>Non-recurring events</I></B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(-) Non-recurring PMSO events</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-191</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-33</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">484.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-292</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-34.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(-) Non-recurring provisions</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-41</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">118</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-134.4</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">552</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-107.4</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Adjusted Costs and Expenses</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>7,478</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5,761</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>29.8</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>8,864</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-15.6</B></FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 5pt; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Energy purchased for
resale:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Totaled R$ 1,560 million in 1Q25, up
R$ 823 million compared to 1Q24. Part of this change is related to the negative net effect in the short-term market which, as previously
mentioned, allowed the Company to benefit from higher volumes sold in the free market at higher average prices.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Charges on use of the
electricity grid:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Totaled R$ 996 million in
1Q25, up R$ 25 million from 1Q24, mainly reflecting higher Transmission System Usage Charges (EUST), effective following ANEEL Resolution
3,349/2024, which replaced the previously valid values established by ANEEL Resolution 3,216/2023.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Fuel for electricity
production: </B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Costs associated with the use of
fuel for electricity production reached R$ 560 million in 1Q25, up R$ 54 million from 1Q24. The increase is primarily explained by a R$146
million rise, driven by higher gas consumption and the annual gas price adjustment, partially offset by a R$92 million increase in expense
recovery through the Fuel Consumption Account (CCC).</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Construction-related
costs:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Totaled R$ 745 million in 1Q25, up by
R$ 104 million compared to 1Q24, mainly driven by a R$57 million rise related to reinforcement and improvement works, and a R$47 million
increase in civil construction activities linked to concession contracts awarded in transmission auctions in recent years.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Regulatory
                                                                                                                                                       Remeasurement - transmission contracts:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$
                                                                                                                                                       952 million expenses at Chesf, reflecting the reversal of part of the amount previously recognized in this line in 2024. This
                                                                                                                                                       reversal results from changes introduced by ANEEL in the Periodic Reviews
carried out in the same year, as set forth in Rulings No. 920/2025 and No. 1,228/2025, whose effects will be effectively reflected throughout
the 2025&#8211;2026 cycle.</FONT></TD></TR></TABLE>


<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; text-indent: 0.15pt; color: #494949">&nbsp;</P>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">PMSO - Personnel, Material, Services and Others</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #0070C0"><B>Personnel:</B></FONT>
<FONT STYLE="color: #494949">adjusted balance of R$ 802 million in 1Q25, down 15% from R$ 945 million in 1Q24, with the main effects being:</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 108 million in savings,
of which R$ 79 million in compensation expenses and R$ 29 million in charges, reflecting the reduction in the number of employees resulting
from the Voluntary Dismissal Plans (VDPs), partially offset by new hires, which increased expenses by R$ 57 million, of which R$ 41 million
in compensation and R$ 16 million in charges; </FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 50 million in savings
resulting from efficiency gains achieved through team restructuring, driven by VDPs, new hiring models, and increased resource sharing
among the group&#8217;s companies.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 16 million reduction
related to expenses related to employee terminations in 1Q25.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949"><U>Non-recurring effects</U>: R$ 150
million, of which: (a) R$ 96 million with VDPs, (b) R$ 31 million with severance costs, and (c) R$ 22 million with severance indemnity
fund (FGTS) fines linked to terminations.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #0070C0"><B>Material</B></FONT><FONT STYLE="color: #494949">:
adjusted balance of R$ 52 million in 1Q25, up R$ 6 million when compared to R$ 46 million recorded in 1Q24. The variation reflects higher
operational maintenance expenses of R$ 15 million, partially offset by savings of R$ 9 million related to contract optimization with suppliers.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949"><U>There were no non-recurring effects
in the quarter.</U></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #005494"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #0070C0"><B>Services:</B></FONT>
<FONT STYLE="color: #494949">adjusted balance of R$ 396 million in 1Q25, representing a 10% decrease compared to R$ 439 million in 1Q24.
The main highlights for a drop of R$ 43 million were:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 16 million in savings from portfolio restructuring
and optimization initiatives, including the incorporation of Furnas;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 15 million in savings related to strategic consulting
expenses incurred in 1Q24, with no equivalent in 1Q25;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Reduction of R$ 12 million related to maintenance activities
at power plants that were originally planned for 2H25 but took place in 1Q24.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949"><U>Non-recurring effects:</U> R$42
million for legal consulting related to the contingency reduction strategy.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>



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<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify"><FONT STYLE="color: #0070C0"><B>Others:</B></FONT>
<FONT STYLE="color: #494949">adjusted balance of R$ 217 million in 1Q25, up R$ 52 million compared to 1Q24, mainly reflecting the R$ 34
million increase in expenses related to fines, court rulings, legal costs, as well as other losses.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949"><U>There were no non-recurring effects
in the quarter.</U></P>
<P STYLE="font: 12pt/120% Calibri,sans-serif; margin: 6pt 0; text-align: justify; color: #494949"><FONT STYLE="font-size: 10pt"><B>Table
21 - PMSO 1Q25 (R$ mm)</B></FONT><FONT STYLE="font-size: 11pt"><SUP>7</SUP></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-right: white 2.25pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>PMSO</B></FONT></TD>
    <TD COLSPAN="8" STYLE="border-top: #C9DA2A 1pt solid; border-bottom: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD></TR>
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 32%; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>(R$ million)</B></FONT></TD>
    <TD STYLE="width: 8%; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Eletrobras Holding</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Chesf</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Eletronorte</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>CGT Eletrosul</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Eletropar</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Total</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Elimination</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>Consolidated IFRS</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">368</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">210</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">190</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">88</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>855</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>855</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Voluntary Dismissal Plan (PDV) - Provision</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">78</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>96</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>96</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Material</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">18</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">20</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">6</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>52</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>52</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Services</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">193</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">111</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">99</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">34</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>438</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>438</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">104</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">31</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">45</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">25</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">11</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>217</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>217</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>PMSO</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>762</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>365</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>364</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>155</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>13</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,658</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,658</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B><I>Non-recurring events</I></B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel: PDV, PDC</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-78</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-10</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-96</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-96</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel: Termination Costs</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-39</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-7</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-53</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-53</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Services: Sucess fee related to legal consulting </FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-6</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-25</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-11</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-42</B></FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-42</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Adjusted PMSO</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>640</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>330</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>336</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>149</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>13</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,467</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,467</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Calibri,sans-serif; margin: 6pt 0; color: #494949"><B>Table 22 - PMSO 1Q24 (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-right: white 2.25pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>PMSO</B></FONT></TD>
    <TD COLSPAN="8" STYLE="border-top: #C9DA2A 1pt solid; border-bottom: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD></TR>
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 36%; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>(R$ million)</B></FONT></TD>
    <TD STYLE="width: 8%; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Eletrobras + Furnas and Others</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Chesf</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Eletronorte</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>CGT Eletrosul</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Eletropar</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Total</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Elimination</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 2.25pt solid; border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Consolidated IFRS</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">413</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">214</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">214</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">104</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>945</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>945</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Voluntary Dismissal Plan (PDV) - Provision</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">25</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>33</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>33</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Material</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">16</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">13</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">13</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>46</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>46</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Services</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">229</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">75</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">96</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">37</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>439</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>439</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">66</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">41</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">48</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>165</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>165</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>PMSO</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>724</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>368</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>380</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>154</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,627</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,627</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Non-recurring events</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel: PDV, PDC</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-25</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-8</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-33</B></FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-33</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Adjusted PMSO</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>724</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>343</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>372</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>154</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,594</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,594</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">


<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0"><FONT STYLE="color: #494949"><SUP>7</SUP> For more information on the Composition
of Eletrobras Holding, see </FONT><FONT STYLE="color: blue">Appendix 3</FONT> <FONT STYLE="color: #494949">. </FONT></P>



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<P STYLE="font: 10pt Calibri,sans-serif; margin: 0 0 6pt; color: #494949"><B>Table 23 - PMSO IFRS (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="border-top: #C9DA2A 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: #C9DA2A 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>1Q25</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: #C9DA2A 1.5pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>1Q24</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: #C9DA2A 1.5pt solid; border-right: white 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>4Q24</B></FONT></TD></TR>
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 16%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Total (a)</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Nonrecurring (b)</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>Adjusted </B></P>
    <P STYLE="font: 9pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>(c) = (a) - (b)</B></P></TD>
    <TD STYLE="width: 12%; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Adjusted</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>&#8710;%</B></FONT></TD>
    <TD STYLE="width: 12%; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Adjusted</B></FONT></TD>
    <TD STYLE="width: 12%; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>&#8710;%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">855</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">-53</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">802</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">945</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">-15.1</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">915</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">-12.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">VDP</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">96</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">-96</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Material</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">52</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">52</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">46</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">12.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">73</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">-28.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Services</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">438</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">-42</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">396</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">439</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">-9.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">731</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">-45.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1.5pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Others</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">217</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">217</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">165</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">31.7</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">321</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black">-32.6</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Total</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black"><B>1,658</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black"><B>-191</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black"><B>1,467</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black"><B>1,594</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black"><B>-8.0</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black"><B>2,040</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: black"><B>-28.1</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 6pt 0 0; color: #494949"><B>Table 24 - Other Costs and Expenses (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="width: 50%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1.5pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1.5pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1.5pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1.5pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1.5pt solid; border-right: white 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Convictions, losses and legal costs</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">71</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">34</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">111</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">86</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-18</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">GSF</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">17</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">19</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-13</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">20</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-16</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Insurance</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">23</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">20</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">17</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">27</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-15</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Equity Holdings</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">10</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">17</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-40</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">40</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-75</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Donations and contributions</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">21</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">54</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-61</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">66</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-68</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Leasing</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">23</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">14</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">66</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">35</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-35</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Expense recovery</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-12</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-40</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-69</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-3</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">252</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Taxes</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">31</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">26</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">16</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">29</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Water Resources Inspection Fee - TFRH</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">14</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">4</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">251</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Others</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">20</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">22</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">18</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">10</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>217</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>165</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>32</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>321</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-33</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">&nbsp;</P>



<!-- Field: Page; Sequence: 31 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; margin: 0; font: 11pt Calibri,sans-serif; color: #0070C0">Earnings Release 1Q25</P></TD><TD STYLE="font: 10pt Calibri; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Operating Provisions</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 25 - Operating Provisions - IFRS (R$ mm)</B></P>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 50%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white">%</FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white">%</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Operating Provisions / Reversals</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Provision/Reversal for Litigation</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-108</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">139</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-177.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-486</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-77.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Estimated losses on investments</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">12</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-15</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-181.8</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">217</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-94.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Measurement at fair value of assets held for sale</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-57</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-100.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Provision for the Implementation of Lawsuits - Compulsory Loan</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">26</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-34</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-176.6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-23</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-209.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">ECL - Loans and financing</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-100.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-100.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">ECL - Consumers and resellers</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-19</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-132</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-85.9</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-157</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-88.1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">ECL - Other credits</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-91</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-91.9</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-44</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-83.2</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Onerous contracts</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">29</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">39</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-24.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">251</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-88.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Results of actuarial reports</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-93</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-128</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-27.3</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-106</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-12.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Other *</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">33</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">30</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">9.9</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">556</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-94.0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Operating Provisions / Reversals</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-126</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-196</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-35.4</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>146</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-186.6</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B><I>Non-recurring items / Adjustments</I></B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>41</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-118</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-134.4</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-552</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-107.4</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Provision for Litigation</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">108</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-139</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-177.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">427</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-74.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Measurement at fair value of assets held for sale</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Estimated losses on investments</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-12</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">15</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-181.8</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-217</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-94.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Provision for the Implementation of Lawsuits - Compulsory Loan</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-26</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">34</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-176.6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">23</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-209.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">ECL - Loans and financing</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-100.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-100.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Onerous contracts</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-29</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-39</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-24.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-251</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-88.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Impairment</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-100.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-540</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-100.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Restitution RGR</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0.0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Adjusted Provisions/Reversals</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-86</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-314</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-72.7</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-406</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-78.9</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">Positive values in the table above indicate reversal of provision.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">* Primarily Includes impairment and RGR refunds.</P>

<P STYLE="font: 9pt/120% Calibri,sans-serif; margin: 3pt 0 0; color: #494949">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Provision for litigation</B>:</FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">provision of R$ 108 million in 1Q25 compared to a reversal
of R$ 139 million in 1Q24, mainly explained by the increase in provisions, of which:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%">R$ 137
million, related to new lawsuits;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%">R$ 69
million due to the update of indexes and interest rates on lawsuits;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Calibri,sans-serif; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%">R$ 42
million resulting from changes in the lawsuit prognosis.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Settlement of Lawsuits
&#8211; Compulsory Loan:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">The year-over-year
variation is mainly explained by the net effect of lawsuits related to the compulsory loan on electricity. In 1Q24, results were negatively
impacted by the recognition of new provisions following unfavorable court decisions. In 1Q25, there were provision reversals related to
the settlement of lawsuits, reflecting final and unappealable decisions favorable to the Company.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Results of actuarial
reports:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">provision of R$ 93 million in 1Q25
compared to a provision of R$ 128 million related to interest expenses and current service costs, as defined in the 2024 reports, which
began to be released monthly instead of only at year-end, as was done previously.</FONT></TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Estimated losses on
investments</B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">: reversal of R$ 12 million in 1Q25
related to the review of the remaining useful life of intangible assets in subsidiary Madeira Energia S.A. (MESA).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/13.2pt Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Expected Credit
                                                                                                                                                       Losses (ECL) &#8211; Consumers and Resellers</B>:</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Reduction
                                                                                                                                                       of provision to R$ 19 million in 1Q25 from R$ 132 million million in 1Q24. This R$ 114 million difference is mainly explained by two
                                                                                                                                                       events recorded in 1Q24 with no equivalent in 1Q25: (a) R$ 66 million at Chesf, related to transmission consumers and concessionaires, and (b) R$ 78 million
at Eletronorte, referring to Amazonas Energia&#8217;s collateral to Breitner Energ&eacute;tica.</FONT></TD></TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Expected Credit Losses
(ECL) &#8211; Other Credits</B>:</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">Reduction of provision
to R$ 7 million in 1Q25 from R$ 91 million in 1Q24. The R$ 84 million variation is mainly explained by the recognition of defaults on
loan and financing contracts granted by Eletrobras in 1Q24, with no equivalent in 1Q25.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">9.3.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Equity Holdings</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Equity income had two highlights this
quarter:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>ISA Energia:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">reduction in shareholding reflecting the sale of stake
completed in the second half of 2024.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Norte Energia:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">the decrease is mainly due to the recognition of a deferred
tax asset in 2024, with no corresponding effect in 2025, along with a provision recorded for an onerous energy purchase and sale contract.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 26 - Equity Holdings (R$ mm)</B></P>

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  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 30%; border-top: #C9DA2A 2.25pt solid; border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 32.55pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 14%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white">%</FONT></TD>
    <TD STYLE="width: 14%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: #C9DA2A 1pt solid; border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white">%</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Highlights Affiliates (a)</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>277</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>393</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-29.6</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>406</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-31.8</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Eletronuclear</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">64</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">103</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-38.2</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">22</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">184.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">ISA Energia</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">135</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">230</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-41.4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">251</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-46.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Other Affiliates</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">78</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">60</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">30.7</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">132</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-40.7</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Highlights SPEs ** (b)</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">47</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">68</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-30.8</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-57</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-181.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">IE Madeira</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">84</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">65</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">29.4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">68</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">22.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Belo Monte Transmissora de Energia S.A. - BMTE</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">56</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">55</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">1.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">135</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-58.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Transnorte Energia</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">50</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">16</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">206.6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">51</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-2.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Chapecoense</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">43</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">50</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-13.8</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">65</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-34.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">ESBR Jirau</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">39</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">36</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">9.2</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">32</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">24.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">IE Garanhuns</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">15</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">20</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-26.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">19</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-24.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Norte Energia</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-240</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-174</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">37.9</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-429</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-44.0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Other Holdings * (c)</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">44</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">116</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-61.8</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">130</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-66.1</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Total Equity Holdings (a) + (b) + (c)</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>368</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>576</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-36.2</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>478</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #009E49 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-23.1</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; line-height: 120%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 7pt; color: #494949; line-height: 120%">* Includes movements from amounts recognized in the balance sheet of associates measured at fair value/cost.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-top: #DBD9C7 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; line-height: 120%">&nbsp;</TD></TR>
  </TABLE>


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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">9.4.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Financial Results</FONT></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 27 - Financial Result (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 45%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>%</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>Financial Income</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>1,073</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>675</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>59.0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>971</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>10.6</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Interest income, fines, commissions and fees</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">37</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">32</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">14.2</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">22</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">68.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Income from financial investments</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">1,057</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">574</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">84.3</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">982</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">7.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Late payment surcharge on electricity</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">32</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">47</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-31.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">23</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">40.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Other financial income</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">29</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">74</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-60.4</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">46</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-36.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">(-) Taxes on financial income</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-82</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-51</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">59.9</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-103</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-19.9</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>Financial Expenses</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-2,464</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-2,470</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-0.2</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-2,589</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-4.8</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Debt Charges</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-1,640</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-1,625</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.9</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-1,556</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">5.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">CDE obligation charges</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-662</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-610</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">8.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-640</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">3.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">River basin revitalization charges</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-79</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-85</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-7.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-87</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-9.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Financial discount for early payment - ENBpar</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Other financial expenses</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-84</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-151</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-44.2</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-306</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-72.5</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>Net Financial Items</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-2,103</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-1,192</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>76.4</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-1,312</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>60.3</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Monetary changes</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-285</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-347</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-17.9</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-242</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">18</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Exchange rate variations</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-2</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-297.3</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-56</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-108.6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Change in fair value of hedged debt net of derivative</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-966</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-191</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">405.9</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-274</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">252.3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Monetary updates - CDE</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-733</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-493</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">48.5</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-508</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">44.2</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Monetary updates - river basins</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-113</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-87</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">30.7</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-92</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">23.8</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Change in derivative financial instrument not linked to debt protection</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-10</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-72</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-85.6</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-140</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-92.6</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>Financial Results</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-3,494</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-2,988</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>16.9</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-2,930</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>19.2</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B><I>Adjustments</I></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #DBD9C7 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #DBD9C7 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #DBD9C7 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #DBD9C7 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #DBD9C7 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Income from Discos + AIC</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Regularization of tax credits / Fines and Tax Assessment Notices</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Monetary restatement - Compulsory Loan</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">173</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">207</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-16.3</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">175</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">-1.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Write-off of judicial deposits due to the conciliation project</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">Adjustment of the correction rate for judicial deposits</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">PIS/COFINS (Interest on Equity - JCP)</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black">0.0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>Adjusted Financial Result</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-3,321</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-2,781</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>19.4</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>-2,755</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1.5pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>20.5</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">(1) These obligations were established by
Law 14,182/21 (Eletrobras Privatization) as a condition for obtaining new concession grants for electricity generation for an additional
30 years. The charges were calculated based on data published in CNPE Resolution 015/2021, considering (a) the present value of the obligation;
(b) the future payment flow; and (c) the payment term. See Table 28 for more details.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 6pt 0; text-align: justify; color: #494949">Adjusted financial result was negative
by R$ 3,321 million in 1Q25, compared to negative R$ 2,781 million in 1Q24. The main variations in this quarter were:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Debt charges:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">expense increased to R$ 1,640 million in 1Q25 from R$ 1,625
million in 1Q24, mainly due to the increase in inflation index (as measured by IPCA) and Selic rates during the period. In 1Q24, financial
charges reflected a decline in the Selic rate&#8212;from 11.25% to 10.75%&#8212;and an accumulated inflation index of 1.42%. In contrast,
1Q25 saw the opposite trend: the Selic rate increased from 12.25% to 14.25%, while the accumulated inflation index for the quarter reached
2.04%.</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0; background-color: white"><B>Monetary
update variation (Selic): </B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; background-color: white">reduction
in expense to </FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 285 million <FONT STYLE="background-color: white">in
</FONT>1Q25 <FONT STYLE="background-color: white">from </FONT>R$ 347 million <FONT STYLE="background-color: white">in </FONT>1Q24<FONT STYLE="background-color: white">,
impacted by the lower update of the compulsory loan litigation inventory, driven by a lower balance in March 2025. Eletrobras' compulsory
loan update expense went down to </FONT>R$ 173 million <FONT STYLE="background-color: white">in </FONT>1Q25 <FONT STYLE="background-color: white">from
</FONT>R$ 207 million <FONT STYLE="background-color: white">in </FONT>1Q24<FONT STYLE="background-color: white">, reflecting the inventory
reduction to </FONT>R$ 13.1 billion <FONT STYLE="background-color: white">billion in March 2025 from </FONT>R$ 16 billion <FONT STYLE="background-color: white">in
March 2024. In addition, expenses related to the monetary update of undue tax debt using the Selic rate decreased to R$ 110 million in
</FONT>1Q25<FONT STYLE="background-color: white">, down from R$ 138 million in </FONT>1Q24<FONT STYLE="background-color: white">.</FONT></FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Energy Sector Development
Fund (CDE) obligation charges and monetary updates (IPCA financial expenses + charges on the outstanding balance of CDE obligations, a
7.6% p.y. charge):</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">expenses totaled R$ 1,394
million in 1Q25, up R$ 291 million from 1Q24, mainly due to the IPCA monetary update applied between the periods. Charges amounted to
R$ 610 million in 1Q24 and R$ 662 million in 1Q25, while monetary update was R$ 493 million in 1Q24 and R$ 733 million in 1Q25. These
obligations were established by Law 14,182/21 (Privatization of Eletrobras) as a condition for obtaining new concession grants for electricity
generation for an additional 30 years. The charges were calculated based on data published in CNPE Resolution 015/2021, considering (a)
the present value of the obligation; (b) the future payment flow; and (c) the payment term.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0; background-color: white"><B>Charges
for revitalization of river basins (5.67% charge), </B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; background-color: white">with
a </FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 79 million <FONT STYLE="background-color: white">expense
in </FONT>1Q25<FONT STYLE="background-color: white">, and</FONT></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0; background-color: white"><B>monetary
updates - river basins</B></FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; background-color: white">,
with a </FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 113 million <FONT STYLE="background-color: white">expense.
</FONT>These obligations were established by Law 14,182/21 (Privatization of Eletrobras) as a condition for obtaining new concession grants
for electricity generation for an additional 30 years. The charges were calculated based on data published in CNPE Resolution 015/2021,
considering (a) the present value of the obligation; (b) the future payment flow; and (c) the payment term.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-indent: 0.15pt; color: #494949"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-indent: 0.25in; color: #494949"><B>Table 28 - CDE Charges and Projects - Law
14.182/2021 (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD ROWSPAN="2" STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 6.75pt; padding-left: 6.75pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: #C9DA2A 1pt solid; border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD></TR>
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Holding</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Chesf</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Eletronorte</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 55%; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Debt charges - CDE obligations</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-190</FONT></TD>
    <TD STYLE="width: 8%; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-277</FONT></TD>
    <TD STYLE="width: 14%; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-195</FONT></TD>
    <TD STYLE="width: 10%; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-662</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Debt charges - Revitalization of river basins</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-21</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-30</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-27</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-79</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Passive monetary restatement - CDE obligations</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-211</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-306</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-216</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-733</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Passive monetary updating - Revitalization of river basins</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-29</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-46</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-38</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-113</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Total CDE charges and Projects - Law 14.182/2021</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-452</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-660</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-475</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-1,587</B></FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 5pt; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Change in fair value
of hedged debt, net of derivatives:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 966 million
expense in 1Q25, higher than the R$ 191 million expense in 1Q24, mainly explained by the inclusion of new transactions signed at the end
of 2024, such as Bond 35 (US$750 million in Oct/24) and the SACE financing (R$1.6 billion, or US$400 million, Dec/24), pegged to the dollar
x CDI and IPCA x CDI, respectively. The payment of interest on Bonds 2030 and 2035, the settlement of Bond 2025 in Feb/25 and the new
credit and swap transactions at Eletrosul also contributed to the impact.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Change in derivative
financial instrument not linked to debt protection:</B></FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">there
was no impact in 1Q25 compared to an expense of R$ 72 million in 1Q24. This change is due to the termination, in December 2024, of the
contract betweenEletronorte and Albras, which contained an embedded derivative tied to the U.S. dollar, the Selic rate, and aluminum prices
on the LME.</FONT></TD></TR></TABLE>



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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Other financial expenses:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">totaled R$ 84 million in 1Q25, compared to R$ 151 million
in 1Q24. The reduction mainly reflects a R$35 million drop in tax-related charges in 2024 from the incorporated company Furnas, as well
as R$15 million in expenses&#8212;mainly related to R&amp;D&#8212;reclassified under the monetary update line.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/13.2pt Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #C9DA2A">&#9642;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #0070C0"><B>Other financial income:</B></FONT>
<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">dropped by R$ 44 million, to R$ 29 million in 1Q25 from
R$ 74 million in 1Q24, primarily due to amounts recorded in 1Q24 with no equivalent in 1Q25, such as the recognition of R$ 26 million
in undue tax debt from Eletronorte in 1Q24&#8212;later reclassified under monetary restatement&#8212;and the R$ 23 million court-ordered
debt (<I>precat&oacute;rio</I>) credit from CGT Eletrosul, recognized in March 2024.</FONT></TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">9.5.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Current and Deferred Taxes</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Adjusted income tax and social contributions
amounted to -R$ 65 million in 1Q25, compared to -R$ 305 million in 1Q24. There were no adjustments to the tax line in either period.</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 29 - Income Tax and Social Contribution (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 55%; border-top: #C9DA2A 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 9%; border-top: #C9DA2A 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #C9DA2A 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #C9DA2A 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #C9DA2A 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #C9DA2A 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Current income tax and social contribution</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-79</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-514</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-84.6</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1683.1</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #DBDBDB 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Deferred income tax and social contribution</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">14</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">209</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-93</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">43</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-66.5</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #C9DA2A 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Income tax and social contribution total</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-65</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-305</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-78.7</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>48</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-235.4</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Adjustments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-left: white 2.25pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-left: white 2.25pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-left: white 2.25pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: white 2.25pt solid; border-left: white 2.25pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Constitution/Reversal of Deferred Tax on Tax Loss &sup1;</FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,425</FONT></TD>
    <TD STYLE="border-top: #C9DA2A 1pt solid; border-right: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-100</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Deferred Tax Adjustment on Regulatory Remeasurement &sup2;</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">758</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-100</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">IOE - Interest on Equity &sup3;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Deferred Tax on Provisions: onerous contracts and impairment</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">252</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-100</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Negative tax base constitution - SAESA</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Adjusted income tax and social contribution</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-65</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-305</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-78.7</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-367</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-82.3</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">&sup1; Holding and CGT Eletrosul</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">&sup2; Deferred Income Tax recognized in 4Q24 on the Regulatory
Remeasurement of transmission contracts in the Holding following the Furnas merger.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #494949"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt"><B>10.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt">OPERATING PERFORMANCE</FONT></B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">10.1.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Generation Segment</FONT></P>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">Generation Assets</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 6pt 0; text-align: justify; color: #494949">The Company had 88 plants, including
47 hydroelectric, 7 thermal, 33 wind and 1 solar in 1Q25, considering corporate ventures, shared ownership and stakes via SPEs. Compared
to 4Q24, the increase of one asset was due to the commercial operation of the Coxilha Negra 4 wind farm under CGT Eletrosul</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 6pt 0; text-align: justify; color: #494949">The installed capacity of the portfolio
reached 44,359.12 MW in 1Q25, with 97% generated from clean sources with low greenhouse gas emissions, representing 18% of Brazil's total
installed capacity.</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 30 - Generation Assets</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 35%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Source</B></FONT></TD>
    <TD STYLE="width: 22%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Installed Capacity (MW)</B></FONT></TD>
    <TD STYLE="width: 22%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Assured Capacity (avgMW)</B></FONT></TD>
    <TD STYLE="width: 21%; border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Accumulated Generated Energy (GWh)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Hydro (47 plants)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">42,293.49</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">20,629.79</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">44,244.64</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Thermal (7 plants)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,270.23</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,058.60</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">972.54</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Wind Power (33 plants)</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">794.47</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">226.39</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">328.16</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Solar (1 plant)</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.93</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.00</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.31</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAEE">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Total (88 plants)</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">44,359.12</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">21,914.77</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">45,545.65</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 6pt 0; text-align: justify; color: #494949">In 1Q25,the total energy generation
by Eletrobras increased by 1.1% compared to 1Q24.</P>



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    <!-- Field: /Page -->



<P STYLE="font: 10pt Calibri,sans-serif; margin: 6pt 0; color: #494949"><B>Chart 4 - Eletrobras - Net Energy Generation (GWh)</B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt; text-align: center"><IMG SRC="ebrpr1q256k_007.jpg" ALT=""><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #494949; line-height: 120%"></FONT></P>

<P STYLE="font: 14pt/120% Calibri,sans-serif; margin: 0 0 3pt; color: #009E49">System Data - Installed Capacity and Generation</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 6pt 0; text-align: justify; color: #494949">In 1Q25, Brazil's installed capacity
was 248,710.12 MW.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 6pt 0; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 5 - Brazil&#8217;s Installed capacity - by source</B></P>

<P STYLE="text-align: center; font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><IMG SRC="ebrpr1q256k_008.jpg" ALT=""><FONT STYLE="font-family: Calibri,sans-serif; font-size: 14pt; color: #494949"></FONT></P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">Source: ANEEL's Generation Information System (SIGA)</P>




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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 6 - Generated Energy SIN - National Interconnected System
(GWh)</B></P>

<P STYLE="font: 8pt/120% Calibri,sans-serif; margin-top: 0; margin-bottom: 5pt; text-align: center; color: #494949"><IMG SRC="ebrpr1q256k_009.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 8pt/120% Calibri,sans-serif; margin-top: 0; margin-bottom: 5pt; text-align: left; color: #494949">Source:
Operating Results 01/01 to 3/31/2025 from the National Operator of the Electric System (ONS)</P>

<P STYLE="font: 14pt/120% Calibri,sans-serif; text-align: left; margin-top: 0; margin-bottom: 3pt; color: #009E49">System Data - Energy Market</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 31 - PLD</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 34%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white">&#8710;%</FONT></TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 11%; border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-right: white 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white">&#8710;%</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="5" STYLE="background-color: #005594; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Market</B></FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>GSF (%)</B></FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">107.30</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">90.25</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">18.9</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">79.91</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">34.3</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">PLD SE (R$/MWh)</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">162.31</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">61.14</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">165.5</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">217.59</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-25.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">PLD S (R$/MWh)</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">164.13</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">61.14</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">168.5</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">217.58</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-24.6</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">PLD NE (R$/MWh)</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">58.92</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">61.14</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3.6</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">206.71</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-71.5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">PLD N (R$/MWh)</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">58.92</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">60.47</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2.6</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">218.23</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-73.0</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 7 - GSF (%)</B></P>

<P STYLE="text-align: center; font: 10pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0; color: #494949"><B><IMG SRC="ebrpr1q256k_010.jpg" ALT="">&nbsp;</B></P>


<!-- Field: Page; Sequence: 40 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; margin: 0; font: 11pt Calibri,sans-serif; color: #0070C0">Earnings Release 1Q25</P></TD><TD STYLE="font: 10pt Calibri; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt/120% Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 8 - Historical Average of Affluent Natural Energy (ENA)
- SIN (%)</B></P>

<P STYLE="font: 11pt/112% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">1Q25 was marked by low hydroelectric
generation in the system, particularly in March, which recorded the fourth worst performance in the historical series.</P>

<P STYLE="font: 11pt/112% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; text-align: center"><IMG SRC="ebrpr1q256k_011.jpg" ALT=""><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%"></FONT></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 9 - Energy Stored in Reservoirs - SIN (%)</B></P>

<P STYLE="font: 11pt/112% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The level of Energy Stored in Reservoirs
was at 69.4% in 1Q25, above the midpoint of the range based on historical data from 2020 to 2024.</P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; text-align: center"><IMG SRC="ebrpr1q256k_012.jpg" ALT=""></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; text-align: center">&nbsp;<FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949; line-height: 120%"></FONT></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">10.2.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Transmission Segment</FONT></P>

<P STYLE="font: 11pt/112% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The Company ended 1Q25 with 74.1 thousand
km of transmission lines, of which 67.3 thousand km were owned and 6.8 thousand km operated through partnerships, compared to 73.8 thousand
km in 1Q24 (66.5 thousand km owned and 7.3 thousand km in partnership).</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">There were also 405 substations in
1Q25, including 293 owned and 112 operated by third parties.</P>
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 12pt Calibri,sans-serif; margin: 0; color: #494949"><FONT STYLE="font-size: 10pt"><B>Table 32 - Transmission Lines (Km)</B></FONT><FONT STYLE="font-size: 11pt"><SUP>8</SUP></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 29%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.75pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Company</B></FONT></TD>
    <TD STYLE="width: 23%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Own(1)</B></FONT></TD>
    <TD STYLE="width: 23%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>In Partnership (2)</B></FONT></TD>
    <TD STYLE="width: 25%; border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Chesf</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">22,141</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">1,832</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">23,973</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Eletronorte</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">10,982</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">1,073</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">12,055</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CGT Eletrosul</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">12,086</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">5</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">12,091</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Furnas</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">22,111</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">3,867</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040">25,978</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Total</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040"><B>67,321</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040"><B>6,777</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #404040"><B>74,097</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 5pt 0 0; color: #494949"><FONT STYLE="background-color: white">(1) Includes TMT (100%)
and VSB (100%).</FONT></P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949"><FONT STYLE="background-color: white">(2) Partnerships consider
extensions proportional to the capital invested by Eletrobras Companies in the venture.</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">10.3.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">ESG</FONT></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 33 - ESG KPIs 1Q25</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="width: 15%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Pillar</B></FONT></TD>
    <TD STYLE="width: 39%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>KPI</B></FONT></TD>
    <TD STYLE="width: 17%; border-top: #C9DA2A 1pt solid; border-bottom: #E8E8E8 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 17%; border-top: #C9DA2A 1pt solid; border-bottom: #E8E8E8 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #C9DA2A 1pt solid; border-bottom: #E8E8E8 1pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>YoY</B></FONT></TD>
    <TD STYLE="width: 1%; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #005494; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Prosperity</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #E1F4F7; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Investment in Technology and Innovation</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: #C9DA2A 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">R$ 120.6 million</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: #C9DA2A 2.25pt solid; border-left: #EDECE3 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">R$ 120.8 million</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: #EDECE3 2.25pt solid; border-left: #EDECE3 2.25pt solid; border-bottom: #C9DA2A 2.25pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.2%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #E1F4F7; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">YTD (R$ mm)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #009E49; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Planet</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #92D050; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Accumulated GHG Emissions for the year</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: #EDECE3 2.25pt solid; border-bottom: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">955,058</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: #EDECE3 2.25pt solid; border-bottom: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">839,920</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: #EDECE3 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-12%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #92D050; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">&nbsp;(Scopes 1, 2 and 3) (tCO2e) </FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #D6EB00; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt"><B>People</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #FAFFC8; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Accident Frequency Rate - own Employees (with time off)</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.97</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #EDECE3 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.24</FONT></TD>
    <TD STYLE="border-right: #EDECE3 2.25pt solid; border-left: #EDECE3 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-75%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #FAFFC8; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Women in the Workforce (%)</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">19%</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #EDECE3 2.25pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">20%</FONT></TD>
    <TD STYLE="border-right: #EDECE3 2.25pt solid; border-left: #EDECE3 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1.0 p.p.</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #FAFFC8; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Leadership positions held by women (%)</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">26%</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #EDECE3 2.25pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">25%</FONT></TD>
    <TD STYLE="border-right: #EDECE3 2.25pt solid; border-left: #EDECE3 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1.0 p.p.</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #FFC000; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt"><B>Governance</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #C9DA2A 1pt solid; background-color: #FFF4DB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Complaints answered on time (%)</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">98.3%</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #C9DA2A 1pt solid; border-left: #EDECE3 2.25pt solid; padding-right: 0.75pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">97.7%</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-right: #EDECE3 2.25pt solid; border-left: #EDECE3 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.7 p.p.</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 8pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">The values presented are preliminary
and not assured, and may be adjusted based on data collection, verification and updating processes.</P>

<P STYLE="font: 8pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949"><SUP>1</SUP>The reduction in emissions
is primarily due to the removal of coal-fired thermoelectric generation from the Company&#8217;s energy matrix.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">


<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0"><FONT STYLE="color: #494949"><SUP>8</SUP> For more information on Eletrobras
Holding's Corporate Structure, refer to</FONT> <FONT STYLE="color: blue">Appendix 3</FONT> <FONT STYLE="color: #494949">in this report.</FONT></P>

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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #494949"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt"><B>11.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 16pt">APPENDIX</FONT></B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.1.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 1 - Accounting Statements</FONT></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 34 - Balance Sheet (R$ Thousand)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom; background-color: #0090C6">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>PARENT COMPANY</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>CONSOLIDATED</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 44%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 14%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="width: 14%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>12/31/2024</B></FONT></TD>
    <TD STYLE="width: 14%; border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="width: 14%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>12/31/2024</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>ASSETS</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>CURRENT</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Cash and cash equivalents</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">12,947,438</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">16,387,945</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">22,663,836</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">26,572,522</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Restricted cash </FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">367,140</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">449,865</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">571,173</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">508,734</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Securities</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,224,005</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">6,421,621</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7,617,041</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8,951,838</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 44%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Clients</FONT></TD>
    <TD STYLE="width: 14%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,732,427</FONT></TD>
    <TD STYLE="width: 14%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,686,293</FONT></TD>
    <TD STYLE="width: 14%; border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,323,884</FONT></TD>
    <TD STYLE="width: 14%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,911,477</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Transmission contract assets</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,819,562</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,634,940</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10,409,018</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10,539,570</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Financing, loans and debentures</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">931,773</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">971,555</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">478,049</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">475,458</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Remuneration for equity holdings</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,067,628</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,286,078</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">433,152</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">721,685</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Taxes and Contributions</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,501,777</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,734,020</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,615,492</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,831,413</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Income tax and social contribution</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Right to compensation</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">717,619</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">865,299</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">746,133</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">893,254</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Warehouse</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">51,234</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">50,576</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">446,282</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">441,471</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Derivative financial instruments</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">500,998</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">45,794</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">692,660</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Others</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">787,307</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">729,718</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,544,842</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,408,919</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>30,147,910</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>36,718,908</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>52,894,696</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>59,949,001</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Assets held for sale</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,346,333</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,353,723</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,481,280</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,502,102</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>31,494,243</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>38,072,631</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>57,375,976</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>64,451,103</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>NON-CURRENT</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>LONG-TERM ASSETS</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Restricted cash</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,484,332</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,430,650</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,139,080</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,170,749</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Equity Holdings Income</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">181,049</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">181,049</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Right to compensation </FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">526,830</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">692,126</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">548,215</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">720,081</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Financing, loans and debentures</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,825,367</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,894,322</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">166,339</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">163,140</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Clients</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">163,028</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">171,017</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">591,731</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">602,411</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Securities</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">429,397</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">421,933</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">438,820</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">433,341</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Taxes and Contributions</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,356,369</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,356,369</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,718,275</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,715,445</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Deferred income tax and social contribution</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,618,635</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,673,011</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Bonds and deposits linked</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,155,885</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,693,298</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,789,174</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,190,344</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Transmission contractual assets</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">21,171,511</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">21,223,812</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">56,642,081</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">56,848,086</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Derivative financial instruments</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">893,191</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,269,677</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,093,739</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,544,095</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Others</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,934,498</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,000,734</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,697,561</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,645,570</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>35,121,457</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>35,334,987</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>78,443,650</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>78,706,273</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>INVESTMENTS</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Equity Income</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">112,186,705</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">112,300,525</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">31,109,218</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">30,727,405</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Held at fair value </FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">858,007</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">839,546</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">879,695</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">861,234</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other Investments</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">19,387</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">19,387</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">97,987</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">97,987</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>113,064,099</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>113,159,458</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>32,086,900</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>31,686,626</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">FIXED ASSETS</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">6,095,970</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">6,137,175</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">36,587,602</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">36,854,056</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">INTANGIBLE</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">20,655,371</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">20,779,526</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">77,522,012</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">78,173,273</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">174,936,897</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">175,411,146</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">224,640,164</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">225,420,228</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 44%; border-bottom: #009E49 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: #009E49 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: #009E49 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-left: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: #009E49 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>206,431,140</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>213,483,777</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; border-left: #C9DA2A 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>282,016,140</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>289,871,331</B></FONT></TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-bottom: 1pt; padding-left: 2.65pt; font-family: Times New Roman,serif; width: 44%">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-bottom: 1pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 14%">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-bottom: 1pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 14%">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-bottom: 1pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 14%">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-bottom: 1pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 14%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #0090C6">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>PARENT COMPANY</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>CONSOLIDATED</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>LIABILITIES AND SHAREHOLDERS' EQUITY</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3/31/2025</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">12/31/2024</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3/31/2025</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">12/31/2024</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Loans, financing and debentures</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,918,686</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8,329,966</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8,726,979</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">12,809,872</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Compulsory loans - Agreements</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,081,121</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,105,534</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,081,121</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,105,534</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Compulsory loans</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,309,223</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,326,925</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,309,223</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,326,925</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Suppliers</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,054,103</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,145,660</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,341,803</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,756,329</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Taxes and Contributions</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">203,295</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">378,569</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">980,771</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,146,169</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Income tax and social contribution</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Onerous contracts</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">119,018</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">62,711</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Shareholder remuneration</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">294,774</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,486,778</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">315,961</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,490,668</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel obligations</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">416,402</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">483,779</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">826,916</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,065,114</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Reimbursement Obligations</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">47,959</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">55,517</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Post-employment benefits</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">920</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">993</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">275,373</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">289,840</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Provision for litigation</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,719,453</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,719,453</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,786,501</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,791,088</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Sector charges</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">97,483</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">105,352</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">873,758</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">820,067</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Obligations under Law 14,182/2021</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">843,136</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">814,819</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,001,765</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,916,199</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">RGR Returns</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">544,000</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">492,276</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">544,000</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">492,276</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Leasing</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,356</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8,429</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">23,068</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">26,861</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Derivative financial instruments</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,011,149</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">824,125</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,406,301</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,175,652</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Others</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">459,813</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">458,746</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,260,476</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,105,095</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>13,958,914</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>19,681,404</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>24,920,993</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>31,435,917</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Liabilities associated with assets held for sale</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">138,176</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">194,454</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>13,958,914</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>19,681,404</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>25,059,169</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>31,630,371</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>NON-CURRENT</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Loans, financing and debentures</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">40,248,732</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">40,926,187</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">62,162,567</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">62,810,702</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Shareholder remuneration</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">479</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Suppliers</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8,271</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7,959</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Provision for litigation</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">15,305,917</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">15,658,437</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">21,360,231</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">21,583,395</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Post-employment benefits</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">416,482</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">418,586</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,428,100</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,416,381</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Obligations under Law 14,182/2021</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">11,280,294</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">11,111,765</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">39,638,051</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">39,105,924</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">RGR Returns</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">329,980</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">439,974</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">329,980</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">439,974</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Onerous contracts</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">536,322</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">621,725</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Reimbursement Obligations</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">15,286</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">15,286</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Leasing</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">79,695</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">79,994</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">150,971</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">155,722</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Concessions payable - Use of public assets</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">38,450</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">38,175</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">556,561</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">543,867</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Advances for future capital increases</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">112,198</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">108,938</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">112,198</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">108,938</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Derivative financial instruments</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,283</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,283</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="width: 44%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Sector charges</FONT></TD>
    <TD STYLE="width: 14%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">759,907</FONT></TD>
    <TD STYLE="width: 14%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">744,833</FONT></TD>
    <TD STYLE="width: 14%; border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">985,328</FONT></TD>
    <TD STYLE="width: 14%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">942,348</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Taxes and Contributions</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">97,503</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">103,682</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">325,182</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">372,488</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Deferred income tax and social contribution</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,571,735</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,566,835</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,165,336</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,287,021</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Others</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">737,268</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">739,459</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,604,426</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,827,171</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>70,978,161</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>71,939,148</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>135,379,289</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>136,241,184</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>SHAREHOLDERS' EQUITY</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Share capital</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">70,099,826</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">70,099,826</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">70,099,826</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">70,099,826</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Share issue costs</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-108,186</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-108,186</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-108,186</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-108,186</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Capital Reserves and Granted Equity Instruments</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">13,910,768</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">13,910,768</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">13,910,768</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">13,910,768</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Treasury shares</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,223,011</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,223,011</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,223,011</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,223,011</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Profit reserves</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">43,905,041</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">43,905,041</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">43,905,041</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">43,905,041</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Proposed additional dividend</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,535,196</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,535,196</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,535,196</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,535,196</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Accumulated profit</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-353,039</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-353,039</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Accumulated other comprehensive income</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5,272,530</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5,256,409</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5,272,530</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5,256,409</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Amounts recognized in other comprehensive income classified as held for sale</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Controlling shareholders</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">121,494,065</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">121,863,225</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">121,494,065</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">121,863,225</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Non-controlling shareholders</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">83,617</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">136,551</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>TOTAL SHAREHOLDERS' EQUITY</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>121,494,065</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>121,863,225</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>121,577,682</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>121,999,776</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>206,431,140</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>213,483,777</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; border-left: #C9DA2A 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>282,016,140</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>289,871,331</B></FONT></TD></TR>
  </TABLE>



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<P STYLE="font: 10pt/120% Calibri,sans-serif; margin: 0; color: #494949"><B>Table 35 - Income Statement (R$ Thousand)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom; background-color: #0090C6">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>PARENT COMPANY</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>CONSOLIDATED</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 32%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2024</B></FONT></TD>
    <TD STYLE="width: 17%; border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2024</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>CONTINUING OPERATIONS</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Net operating revenue</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,822,140</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">14,662</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10,414,179</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8,718,271</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Operating costs</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,096,971</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-32</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5,607,758</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4,499,682</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>GROSS PROFIT</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,725,169</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>14,630</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,806,421</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,218,589</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Operating expenses</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-366,901</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-107,137</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,150,517</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,175,912</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Regulatory Remeasurements - Transmission Contracts</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-951,763</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>OPERATING RESULT BEFORE FINANCIAL RESULT</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,358,268</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-92,507</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>2,704,141</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>3,042,677</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>FINANCIAL RESULT</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-1,728,586</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-814,911</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-3,493,978</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-2,987,777</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="width: 32%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Income from interest, fines, commissions and fees</FONT></TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">93,514</FONT></TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">247,318</FONT></TD>
    <TD STYLE="width: 17%; border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">36,798</FONT></TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">32,234</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Income from financial investments</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">619,911</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">212,567</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,057,136</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">573,675</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Late payment surcharge on electricity</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,679</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">32,318</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">46,816</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other financial income</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">25,789</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">67,282</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">29,189</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">73,628</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(&#8211;) Taxes on financial income</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-47,823</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-28,173</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-82,248</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-51,447</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Financial Income</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>693,070</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>498,994</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,073,193</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>674,906</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Debt charges</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-911,640</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-754,978</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,639,807</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,624,862</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CDE obligation charges</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-190,279</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-661,631</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-609,710</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">River basin revitalization charges</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-21,157</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-78,708</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-85,047</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other financial expenses</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-46,850</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-54,746</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-84,124</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-150,668</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Financial expenses</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-1,169,926</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-809,724</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-2,464,270</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-2,470,287</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Monetary updates &#8211; CDE</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-210,725</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-732,725</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-493,374</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Monetary updates &#8211; river basins</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-29,347</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-113,448</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-86,773</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Monetary reliefs</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-229,615</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-330,108</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-284,749</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-346,776</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Exchange rate variations</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-8,446</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">896</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,821</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,444</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Change in fair value of hedged debt net of derivative</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-773,597</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-174,969</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-966,470</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-191,053</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Change in derivative financial instrument not linked to debt protection</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-10,330</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-71,976</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Financial items, net</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,251,730</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-504,181</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,102,901</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,192,396</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
</TABLE>
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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; margin: 0; font: 11pt Calibri,sans-serif; color: #0070C0">Earnings Release 1Q25</P></TD><TD STYLE="font: 10pt Calibri; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom; background-color: #0090C6">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>PARENT COMPANY</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>CONSOLIDATED</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 32%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2024</B></FONT></TD>
    <TD STYLE="width: 17%; border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2024</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; width: 32%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>PROFIT BEFORE EQUITY HOLDINGS</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center; width: 17%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-370,318</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center; width: 17%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-907,418</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center; width: 17%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-789,837</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center; width: 17%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>54,900</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Equity income</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-69,100</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,235,115</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>367,832</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>575,962</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Other income and expenses</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>85,002</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>354</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>133,325</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,767</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>OPERATING PROFIT BEFORE TAX</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-354,416</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>328,051</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-288,680</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>635,629</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Current income tax and social contribution</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-79,344</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-513,922</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Deferred income tax and social contribution</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,377</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">14,407</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">208,827</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>NET INCOME FOR CONTINUING OPERATIONS</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-353,039</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>328,051</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-353,617</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>330,534</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="width: 32%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to controlling</FONT></TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-353,039</FONT></TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">328,051</FONT></TD>
    <TD STYLE="width: 17%; border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-353,039</FONT></TD>
    <TD STYLE="width: 17%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">328,051</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to non-controlling</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-578</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,483</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">NET INCOME (LOSS) FOR DISCONTINUED OPERATIONS</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to controlling</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to non-controlling</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>NET INCOME FOR THE YEAR</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-353,039</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>328,051</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-353,617</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>330,534</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to controlling</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-353,039</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">328,051</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-353,039</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">328,051</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to non-controlling</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-578</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,483</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>EARNINGS PER SHARE</B></FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Earnings per share - basic (ON)</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.16</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.14</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.16</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.14</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Earnings per share - basic (PN)</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.15</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.14</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.15</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.14</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EDECE3">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Earnings per share - diluted (ON)</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.15</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.14</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.15</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.14</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Earnings per share - diluted (PN)</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.17</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.15</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-0.17</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.15</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 36 - Cash Flow Statement (R$ Thousand)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom; background-color: #0090C6">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>PARENT COMPANY</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>CONSOLIDATED</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 48%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="width: 13%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2024</B></FONT></TD>
    <TD STYLE="width: 13%; border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="width: 13%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2024</B></FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>OPERATING ACTIVITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Profit for the year before income tax and social contribution</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-354,416</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>328,051</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-288,680</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>635,629</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B><U>Adjustments to reconcile profit with cash generated by operations:</U></B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Depreciation and amortization</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">218,351</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,377</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,112,231</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">996,711</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Net exchange and monetary variations</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">478,133</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">329,212</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,126,101</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">929,367</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Financial charges</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">409,651</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">295,093</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,286,212</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,713,710</FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; width: 48%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Equity income</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">69,100</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,235,115</FONT></TD>
    <TD STYLE="width: 13%; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-367,832</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-575,962</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other income and expenses</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-33,001</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-354</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-81,324</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4,767</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Transmission revenues</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,931,428</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5,185,619</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4,558,572</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Construction cost - transmission</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">304,592</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">745,323</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">641,806</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Regulatory Remeasurements - Transmission Contracts</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">951,763</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Operating provisions (reversals)</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-106,107</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-180,627</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">126,417</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">195,661</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Write-offs of PP&amp;E and Intangible Assets</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">266</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">31,975</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Result of hedged debt and derivatives</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">773,597</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">174,969</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">976,800</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">263,029</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">321,425</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,269</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">492,940</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">117,443</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">504,579</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-610,176</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,214,987</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-281,574</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-bottom: 1pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B><U>(Additions)/decreases in operating assets</U></B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Clients</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-38,145</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-111</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">598,273</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">245,656</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Right to compensation</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">340,287</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-42,549</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">346,298</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-23,938</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Others</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">867,771</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-36,976</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">684,731</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-541,798</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,169,913</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-79,636</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,629,302</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-320,080</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-bottom: 1pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B><U>Additions/(decreases) in operating liabilities</U></B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Suppliers</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-91,557</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-51,446</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-414,214</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,111,217</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Advances</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel obligations</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-67,377</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3,469</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-238,198</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-197,579</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Sector charges</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7,205</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">96,671</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">69,675</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Others</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-233,051</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-239,185</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-502,831</FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-321,710</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-384,780</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-294,100</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,058,572</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,560,831</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-bottom: 1pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Payment of financial charges</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,487,656</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-902,194</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,913,735</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,535,742</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Receipt of RAP revenue</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,799,108</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,570,414</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,101,107</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Receipt of Financial Charges from Subsidiaries</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">55,217</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">230,943</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Receipt of remuneration from investments in equity holdings</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">284,706</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">822,193</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">277,907</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">144,873</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Payment of litigation</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-492,269</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-111,603</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-529,389</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-243,504</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Bonds and linked deposits</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-513,829</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-175,340</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-506,543</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-206,260</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Payment of income tax and social contribution</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-73,007</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-25,874</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-238,827</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-322,543</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Supplementary pension payments</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-6,136</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5,452</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-17,511</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-124,997</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>



<!-- Field: Page; Sequence: 48 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; margin: 0; font: 11pt Calibri,sans-serif; color: #0070C0">Earnings Release 1Q25</P></TD><TD STYLE="font: 10pt Calibri; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom; background-color: #0090C6">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>PARENT COMPANY</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>CONSOLIDATED</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 48%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="width: 13%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2024</B></FONT></TD>
    <TD STYLE="width: 13%; border-left: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="width: 13%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2024</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; width: 48%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Net cash provided by operating activities of discontinued operations</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 13%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 13%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 13%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 13%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Net cash provided by (used in) operating activities</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>501,430</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-823,188</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>3,139,353</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,286,078</B></FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>FINANCING ACTIVITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>

<TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; width: 48%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Loans and financing obtained and debentures obtained</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="width: 13%; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">500,298</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">524,896</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Payment of loans and financing and debentures - principal</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3,424,067</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-892,198</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4,956,916</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,150,846</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Payment of remuneration to shareholders</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,192,004</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-424</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,192,004</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-424</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Payment to dissenting shareholders - incorporation of shares</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Share buybacks</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Payment of CDE obligations and revitalization of basins - principal</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-254,663</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-887,917</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-846,890</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Lease payments - principal</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-4,851</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-6,063</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-16,088</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Restricted Cash</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Others</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Net cash (used in) financing activities</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-5,870,734</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-897,473</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-7,542,602</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-1,489,352</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>INVESTMENT ACTIVITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Grant of advance for future capital increase</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5,113</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5,113</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Receipt of loans and financing</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">112,116</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">436,887</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,239</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">304,308</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Receipt of financial charges</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">151</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">60,036</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">151</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">53,935</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Acquisition of fixed assets</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-37,878</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-226,396</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-661,972</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Acquisition of intangible assets</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-15,377</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-7,566</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-37,177</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-58,634</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Restricted cash</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-56,451</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-266,822</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-639,129</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Financial (withdrawals)/contributions (securities)</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,095,006</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,029,792</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,601,108</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">205,458</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Receipt of charges (securities)</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">163,993</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">56,386</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">195,946</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">91,616</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Debentures Acquisition</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Transmission infrastructure - contractual asset</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-304,592</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-745,323</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-642,555</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Capital acquisition/contribution of equity holdings</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-37,222</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-37,222</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Disposal of equity holdings</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9,051</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9,051</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Net cash in the incorporation of subsidiaries</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Net cash in the acquisition of control of investees</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Others</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">8</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,208</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Net cash provided by investment activities of discontinued operations</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Net cash provided by (used in) investing activities</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,928,797</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,570,420</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>494,563</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-1,350,878</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Increase (decrease) in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-3,440,507</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-150,241</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-3,908,686</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-1,554,152</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-bottom: 1pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Cash and cash equivalents at the beginning of the period</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,698,457</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,927,871</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">13,046,371</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">10,739,126</FONT></TD></TR>

<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; width: 48%; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Cash and cash equivalents at the end of the period</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,257,950</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,777,630</FONT></TD>
    <TD STYLE="width: 13%; border-left: #C9DA2A 1pt solid; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9,137,685</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9,184,974</FONT></TD></TR>
  <TR STYLE="background-color: #EDECE3">
    <TD STYLE="vertical-align: bottom; padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3,440,507</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-150,241</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3,908,686</FONT></TD>
    <TD STYLE="border-bottom: #009E49 2.25pt double; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,554,152</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.2.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 2 - Statement on Thermal Power Plants Sale</FONT></P>

<P STYLE="font: 11pt/13.2pt Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">On June 10, 2024, Eletrobras signed
an agreement with &Acirc;mbar Energia/J&amp;F Group to sell its thermoelectric portfolio for R$ 4.7 billion, including R$ 1.2 billion
in earn-out. J&amp;F also immediately and fully assumed the credit risk of the energy contracts in this portfolio.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">On June 12, 2024, Provisional Measure
No. 1,232 was published, introducing changes to the rules for isolated systems. The measure allows for a corporate transfer plan to be
approved as an alternative to concession extinction, provided that ANEEL recognizes the loss of service conditions. It also modifies the
rules for energy purchase and sale contracts (CCVEEs) reimbursable by the Fuel Consumption Account (CCC).</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">As a result, Eletronorte entered into
Reserve Energy Contracts (CERs) with the Electric Energy Commercialization Chamber (CCEE), linked to specific Company power plants<SUP>9</SUP>.
In addition, the terminations of CCVEEs for these plants, along with the Term of Withdrawal and Waiver of Rights against the Federal Government
regarding energy purchases, were signed with Amazonas Distribuidora de Energia S/A before exchanging contracts for CERs.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The documents were approved sub judice
in accordance with ANEEL Ruling No. 3,025, dated October 7, 2024. Eletrobras is already receiving the new CER-related payments directly
from CCEE, including retroactive amounts up to June 13, 2024, the date on which the energy supply provided for in the CERs began.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Furthermore, on May 14, 2025, the
partial closing of the sale of thermal plants to the J&amp;F Group was concluded. This phase includes the thermoelectric assets of Eletronorte,
which are the counterparties to the new CERs. The closing of the sale of TPP Santa Cruz (500 MW), the last remaining asset in the divested
portfolio, is still pending the completion of regulatory approvals.</P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.3.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 3 - Statement on Furnas Merger</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">In the tables detailing the main operating
subsidiaries of the Eletrobras Group, the comments on results for &#8220;Eletrobras Holding&#8221; as of 3Q24 take into account the following
considerations:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Furnas&#8217; newly-incorporated assets;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/13.2pt Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">The generation entities: Baguari Energia,
Retiro Baixo Energ&eacute;tica, Brasil Ventos, and Madeira Energia (MESA); and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/13.2pt Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">The transmission entities: Tri&acirc;ngulo
Mineiro Transmissora, Vale do S&atilde;o Bartolomeu Transmissora, and Nova Era Janap&uacute;.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">These seven entities were previously
consolidated under Furnas.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">For simplicity in comparisons between
1Q25 and 1Q24, the sum of Eletrobras Holding and consolidated Furnas, including the seven SPEs, was considered for 1Q24. This approach
was adopted as the eliminations have an immaterial impact on both the operating result (revenue and EBITDA) and the financial result.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">
<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0"><FONT STYLE="color: #494949"><SUP>9</SUP>
Aparecida, Jaraqui, Tambaqui, Cristiano Rocha, Manauara and Ponta Negra.</FONT></P>

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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.4.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 4 - Regulatory vs IFRS Income Statement</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Considering the regulatory income
statement versus the IFRS one, the differences in accounting treatment in both frameworks generated a positive effect of R$ 1,167 million
on EBITDA and R$ 489 million on net income.</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 10 - EBITDA Regulatory x IFRS (R$ mm)</B></P>

<P STYLE="text-align: center; font: 12pt Times New Roman,serif; margin-top: 4pt; margin-bottom: 2pt"><IMG SRC="ebrpr1q256k_013.jpg" ALT=""></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 11 - Net Income Regulatory x IFRS (R$ mm)</B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; text-align: center"><IMG SRC="ebrpr1q256k_014.jpg" ALT=""></P>

<P STYLE="font: 11pt/13.2pt Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The difference between regulatory
and IFRS net income can also be analyzed by reorganizing the Income Statement lines. It is possible to group them according to the operational
nature of the events to which they are related. This exercise consists of segmenting them into (a) transmission, (b) generation, (c) equity
holdings, and (d) others&#8212;including provisions, financial result and taxes.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">As a result, the entire difference
between regulatory and IFRS net income is essentially explained by the specific accounting treatment applied to the transmission segment
under each accounting framework, resulting in a positive effect of R$ 594 million on regulatory net income, considering the transactions
of consolidated companies within this segment.</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 12 - Net Income Regulatory x IFRS by Segment (R$ mm)</B></P>

<P STYLE="font: 12pt/normal Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; text-align: center"><IMG SRC="ebrpr1q256k_015.jpg" ALT=""></P>


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<P STYLE="font: 12pt Calibri,sans-serif; margin: 4pt 0 2pt; color: #0072C6"><B>Transmission:</B> <FONT STYLE="font-size: 11pt">R$ 594
million</FONT> positive effect</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 13 - Transmission Effects (R$ mm)</B></P>

<P STYLE="text-align: center; font: 12pt Times New Roman,serif; margin-top: 4pt; margin-bottom: 2pt"><IMG SRC="ebrpr1q256k_016.jpg" ALT=""></P>

<P STYLE="font: 12pt Times New Roman,serif; text-align: center; margin-top: 4pt; margin-bottom: 2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">-R$ 763 million in gross revenue, including
two effects:</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 0.5in; text-align: justify; color: #494949">(a) In the regulatory system,
revenue is recognized on a cash basis, based on the billing of transmission concessionaires. Under IFRS, revenue reflects the value of
the contractual asset, which is a non-cash item.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt 0.5in; text-align: justify; color: #494949">(b) The difference in the way
the network usage charge paid by Eletrobras&#8217; generation companies to its own transmission companies is eliminated from transmission
revenue, following the cash regime in the regulatory framework. In the IFRS framework, one of the non-cash portions of transmission revenue
is considered: operation and maintenance revenue.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: #494949">R$ 745 million relating
to the construction cost, recognized only at IFRS accounting; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">R$ 148 million as a counterpart to the
elimination in transmission revenue mentioned in item (b) above, recorded in the cost with charges for use of the generation grid, in
the same amount, but with the sign inverted;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">R$ 952 million in regulatory remeasurement,
referring to the reversal of part of the amount recognized in 2024 following the Tariff Review of the concession contracts at Chesf;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">-R$ 489 million referring to higher depreciation
under the regulatory framework, reflecting the depreciation of transmission lines and substations&#8212;an effect that does not occur
on the contractual asset under the IFRS framework.</FONT></TD></TR></TABLE>


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<P STYLE="font: 12pt Calibri,sans-serif; margin: 4pt 0 2pt; color: #0072C6"><B>Generation:</B> R$ 67 million negative effect</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 14 - Generation Effects (R$ mm)</B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; text-align: center"><IMG SRC="ebrpr1q256k_017.jpg" ALT=""></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">In 1Q25, the R$ 56 million positive difference
in revenue is explained by the default on part of the energy sold by HPP Balbina, which was offset by a provision of the same amount under
the regulatory framework. In this framework, the revenue is recognized and fully provisioned, whereas under IFRS, it is not recognized.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Energy Purchased from Independent Power
Producers (IPPs): under the regulatory framework, an expense of R$ 183 million is recognized for energy purchased for resale. Under the
IFRS framework, the purchase agreement is treated as a lease; therefore, only the depreciation of the right-of-use asset and the interest
expense on the lease liability are recognized in the financial result, in the amounts of R$ 11 million and R$ 134 million, respectively.
The total net effect is a negative R$ 38 million under the regulatory framework.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Management of Generation Assets (GAG) for
investment in improvements: under IFRS, this liability in the amount of R$ 28 million is reversed under provisions, following the decotization
curve as legacy contracts of the plants are gradually phased out. Under the regulatory framework, this effect is not recognized.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Calibri,sans-serif; margin: 4pt 0 2pt; color: #0072C6">&nbsp;</P>

<P STYLE="font: 12pt Calibri,sans-serif; margin: 4pt 0 2pt; color: #0072C6"><B>Equity Income:</B> R$ 3 million positive effect</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Mainly reflecting the equity income from
the transmission segment.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Calibri,sans-serif; margin: 4pt 0 2pt; color: #0072C6">&nbsp;</P>

<P STYLE="font: 12pt Calibri,sans-serif; margin: 4pt 0 2pt; color: #0072C6"><B>Other Lines:</B> -R$ 41 million negative effect</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; color: #494949"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">&#8226;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Differences in recognition in various lines
of provision, financial results and taxes.</FONT></TD></TR></TABLE>



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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.5.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 5 - EBITDA IFRS</FONT></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 37 - Adjusted IFRS EBITDA (R$ Thousand)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="width: 50%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0072C6; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 6%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>3M25</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>3M24</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: #C9DA2A 1pt solid; border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; background-color: #0070C0; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt; color: white"><B>%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Results for the year</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-354</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">331</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-207.0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,112</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-131.8</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-354</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">331</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-207.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">+ Results for the year, discontinued operations</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Results for the year, continued operations</B></FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-354</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">331</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-207.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,112</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-131.8</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-354</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">331</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-207.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">+ Provision for Income Tax and Social Contribution</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">65</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">305</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-78.7</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-48</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-235.4</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">65</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">305</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-78.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">+ Financial Result</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,494</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,988</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">16.9</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,930</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">19.2</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,494</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,988</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">16.9</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">+ Amortization and Depreciation</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,112</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">997</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">11.6</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,033</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">7.7</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,112</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">997</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">11.6</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,318</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,620</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-6.5</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5,027</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-14.1</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,318</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,620</B></FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-6.5</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Revenue Adjustments</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Cost and Expense Adjustments</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">191</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">33</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">484.7</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">292</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-34.5</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">191</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">33</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">484.7</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Adjustments Provisions</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">41</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-118</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-134.4</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-552</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-107.4</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">41</FONT></TD>
    <TD STYLE="border-bottom: #DBDBDB 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-118</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #DBDBDB 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-134.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Adjustments Other Income and Expenses</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-133</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,696.8</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-95</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">40.1</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-133</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-5</FONT></TD>
    <TD STYLE="border-right: white 2.25pt solid; border-left: white 2.25pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,696.8</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Adjusted EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,416</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,530</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-2.5</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,672</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-5.5</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,416</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,530</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-2.5</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.6.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 6 - Generation Revenue IFRS </FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The following table presents the breakdown
of the IFRS Generation Revenue, aligned with the accounting statements. The power supply for distribution companies is revenue derived
from customers who are not end consumers, such as distributors, traders, and generators, covering contracts in both the free contracting
(ACL) and regulated market (ACR) environments, while the power supply for end consumers is revenue that comes directly from end consumers,
including industries and commercial entities, and consists exclusively of contracts in the free contracting environment (ACL).</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 38 - Gross Revenue 1Q25 (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD ROWSPAN="2" STYLE="border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-top: #C9DA2A 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q25</B></FONT></TD></TR>
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Eletrobras Holding</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Chesf</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Eletronorte</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>CGT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eletrosul</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Total</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Elimination</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 7pt; color: white"><B>Consolidated IFRS</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 37%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Power supply for distribution companies</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">3,128</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">402</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">1,864</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">206</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,599</B></FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-257</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">5,342</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Power supply for end consumers</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">332</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">50</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">79</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">33</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>494</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">494</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">CCEE</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">85</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">80</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">425</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">22</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>612</B></FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">612</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">O&amp;M revenue</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">178</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">336</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">4</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>519</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>519</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Generation Revenues</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,724</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>868</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>2,372</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>261</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>7,225</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-257</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>6,967</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B><I>Non-recurring items - Adjustments</I></B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Adjusted Generation Revenue</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>3,724</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>868</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>2,372</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>261</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>7,225</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-257</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>6,967</B></FONT></TD></TR>
  </TABLE>


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<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 39 - Gross Revenue 1Q24 (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-top: #C9DA2A 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>1Q24</B></FONT></TD></TR>
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Eletrobras + Furnas and Others</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Chesf</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Eletronorte</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>CGT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eletrosul</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Total</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Elimination</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 7pt; color: white"><B>Consolidated IFRS</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 37%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Power supply for distribution companies</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">1,872</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">116</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">1,505</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">191</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">3,684</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-1</FONT></TD>
    <TD STYLE="width: 9%; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">3,683</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">Power supply for end consumers</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">310</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">77</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">365</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">9</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">761</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">761</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">CCEE</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">188</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">228</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">284</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">2</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">701</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">701</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">O&amp;M revenue</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">263</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">518</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">7</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">787</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">787</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Generation Revenues</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>2,633</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>938</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>2,161</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>202</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,934</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-1</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,933</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B><I>Non-recurring items - Adjustments</I></B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 0.85pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>Adjusted Generation Revenue</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>2,633</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>938</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>2,161</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>202</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,934</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-1</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,933</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.7.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 7 - Transmission Revenue IFRS</FONT></P>

<P STYLE="font: 11pt/112% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">IFRS transmission revenue was R$ 5,186
million in 1Q25, up 14% from 1Q24, recording increases of R$ 350 million in Contractual revenue, R$ 160 million in Construction revenue,
and R$ 117 million in O&amp;M revenue. O&amp;M revenue relates to the operation and maintenance of assets in operation. Construction revenue
corresponds to investments made (appropriated and allocated) in ongoing projects. Contractual (financial) revenue is derived from the
application of inflation indexes to the contract asset balances of each concession.</P>

<P STYLE="font: 10pt/112% Calibri,sans-serif; margin: 0; color: #494949"><B>Table 40 - Transmission Operating Revenue (R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 41%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 8%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q25</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>1Q24</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>4Q24</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>3M25</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>3M24</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: #C9DA2A 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; border-right: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>%</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Transmission Revenues</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,186</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>4,559</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>14</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,773</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-10</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,186</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>4,559</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>14</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Revenue from Operation &amp; Maintenance</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">2,016</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">1,899</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">6</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">1,863</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">8</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">2,016</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">1,899</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">6</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Construction Revenue</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">746</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">586</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">27</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">1,811</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">-59</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">746</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">586</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">27</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Contractual Revenue - Transmission</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">2,424</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">2,074</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">17</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">2,099</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">15</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">2,424</FONT></TD>
    <TD STYLE="border-bottom: #DBD9C7 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">2,074</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #DBD9C7 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949">17</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B><I>Non-recurring items - Adjustments</I></B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; border-left: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>0</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Adjusted Transmission Operating Revenue</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,186</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>4,559</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>14</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,773</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>-10</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>5,186</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>4,559</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #494949"><B>14</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.8.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 8 - Regulatory Transmission Revenue - Adjustment Portion
(PA)</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The Adjustment Portion (PA) of the
current tariff cycle is a regulatory mechanism, as outlined in the contract, designed to compensate for revenue deficits or surpluses
from the previous tariff cycle. In other words, it adjusts the difference between the amounts received and those allowed in the prior
cycle, which is then offset in 12 equal monthly installments during the current cycle. The Adjustment Portion can be positive or negative,
depending on each agent&#8217;s balance.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The table below presents the PA breakdown
defined by ANEEL for the 2024/2025 cycle, as established in ANEEL Resolution 3,348/2024, within the scope of the Annual RAP Readjustment
for the 2024/2025 cycle. Additionally, for the upcoming tariff cycles (2025/2026 to 2027/2028), the PA Reviews established by ANEEL under
the RAP periodic review processes for renewed and tendered concession contracts&#8212;approved by ANEEL up to the 2024/2025 cycle&#8212;are
also included.</P>

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<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 41 - Adjustment Portion (PA) - ANEEL Resolution 3,348/2024
(R$ mm)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="width: 50%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt Calibri,sans-serif; margin: 0; color: white"><B>Concession Contracts Extended by Law 12,783/2012 </B></P>
    <P STYLE="font: 9pt Calibri,sans-serif; margin: 0; color: white"><B>As of Jun/24</B></P></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>PA</B></P>
    <P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>Cycle 24/25</B></P></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>PA</B></P>
    <P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>Cycle 25/26</B></P></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>PA</B></P>
    <P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>Cycle 26/27</B></P></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>PA</B></P>
    <P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>Cycle 27/28</B></P></TD>
    <TD STYLE="width: 10%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt; color: white"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="background-color: #DCEAF7">
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: gray"><B>PA Periodic Review of RAP - 2023 (I) (1) </B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>-811</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>480</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>480</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>480</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>628</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070"><B>PA Postponement RTP (Periodic Tariff Review) (2)</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>-1,316</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>-1,316</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">RBSE - Economic Component</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">-1,655</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">-1,655</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">RBSE - O&amp;M - Ordinance 579/2012</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">18</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">18</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">Reinforcements and Improvements with Previous RAP</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">-176</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">-176</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">Reinforcements and Improvements without Previous RAP (3)</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">496</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">496</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070"><B>PA Retroactive of the revised revenue for Reinforcements and Improvements (4)</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>349</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>349</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>349</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>349</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>1,395</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">Reinforcements and Improvements with Previous RAP</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">50</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">50</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">50</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">50</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">201</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">Reinforcements and Improvements without Previous RAP </FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">299</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">299</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">299</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">299</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">1,194</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070"><B>PA Other Adjustments - RTP 2023 (5)</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>26</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>26</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070"><B>PA Annual Improvements (6)</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>131</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>131</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>131</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>131</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>524</B></FONT></TD></TR>
  <TR STYLE="background-color: #DCEAF7">
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: gray"><B>PA Annual Readjustment of RAP cycle 2024/2025 (II)</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>-627</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>-627</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">PA Measurement (7)</FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">-623</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">-623</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">PA Authorizations for Small-Scale Reinforcements without RAP (8)</FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">5</FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">PA Other Adjustments</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">-9</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">-9</FONT></TD></TR>
  <TR STYLE="background-color: #E8E8E8">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>TOTAL PA - Concession Contracts Extended (I + II)</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black"><B>-1,438</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black"><B>480</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black"><B>480</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black"><B>480</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black"><B>1</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; font-family: Times New Roman,serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; font-family: Times New Roman,serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; font-family: Times New Roman,serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; font-family: Times New Roman,serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; font-family: Times New Roman,serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #0072C6">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: white"><B>Concession Contracts Tendered</B></FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCEAF7">
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: gray"><B>PA Periodic Tariff Review of RAP (III) (9)</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>19</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>15</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>10</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>6</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>49</B></FONT></TD></TR>
  <TR STYLE="background-color: #DCEAF7">
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: gray"><B>PA Annual Readjustment of RAP cycle 2024/2025 (IV)</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>-110</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray"><B>-110</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">PA Measurement (7)</FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">-112</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">-112</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">PA Authorizations for Small Reinforcements without RAP (8)</FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">2</FONT></TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #BEBEBE 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">2</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: #757070">PA Other Adjustments</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">0</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: gray">0</FONT></TD></TR>
  <TR STYLE="background-color: #E8E8E8">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 9pt; color: black"><B>PA TOTAL - Concession Contracts Tendered (III + IV)</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black"><B>-91</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black"><B>15</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black"><B>10</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black"><B>6</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black"><B>-61</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 5pt 0 0; color: #494949">(1) Adjustment Portion (PA) established in ANEEL Resolution
No. 3,344/2024, defining the RAP Periodic Review results for Concession Contracts 057/2001, 058/2001, 061/2001, and 062/2001, extended
under Law 12,783/2013, following Public Consultation (CP) ANEEL 12/2024.</P>
<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">(2) PA Postponement: Financial differences from postponing the
RAP Periodic Review for extended concession contracts from 07/01/2023 to 07/01/2024, per Ruling No. 402/2023. PA to be offset in a single
installment.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">(3) Includes annuities (prepayments) for the execution of small-scale
improvements related to the 2023-2024 cycle.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">(4) PA Retroactive: Retroactive RAP additional installments for
reinforcements and improvements undergoing their first Periodic Review (incremental basis), covering the period from commercial operation
start until June 30, 2023, as per Submodule 9.7 of PRORET. Already adjusted for full-year payments related to prepayment of part of the
revenue associated with executing small-scale improvements that initially had no prior revenue. To be offset in equal installments until
the subsequent review in July 2028.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">(5) PA Other Adjustments - RTP 2023: Adjustments based on Technical
Notes No. 58/2024 and No. 103/2024-STR/ANEEL, supporting Public Consultation 12/2024. To be offset in a single installment.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">(6) PA Annual Fee Improvements: Annual financial contribution
for the execution of small-scale improvements to be considered as from the 2024-2025 cycle until the 2027-2028 cycle</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">(7) PA Calculation: Offsets differences arising from revenue deficits
or surpluses in the ONS accounting process.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">(8) PA Authorizations for Small-Scale Reinforcements without RAP:
Covers the RAP portion from the commercial operation start date (per ONS Release Term) until June 30 of year i (June of cycle i-1), for
cases where small-scale reinforcements were authorized with RAP established within the Annual RAP Adjustment.</P>

<P STYLE="font: 7pt/120% Calibri,sans-serif; margin: 0; color: #494949">(9) Considers only the PA of the Review approved by ANEEL for
Tendered concession contracts reviewed until 2024.</P>


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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.9.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 9 - RAP's Periodic Tariff Review of tendered contracts
revised in 2024 </FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The result of the Periodic Tariff
Review (RTP) of the Annual Permitted Revenue (RAP) for the Auctioned Transmission Concession Contracts reviewed in 2024 was initially
established through ANEEL Resolution No. 3,343/2024, published on July 11, 2024.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">On April 4, 2025, ANEEL published
Ruling No. 920/2025, through which it decided to consider the administrative appeals filed against ANEEL Resolution No. 3,343/2024 and
partially uphold them. The ruling approved amendments to the outcome of the RAP Periodic Review for the auctioned transmission concession
contracts with a review date of July 2024, whose effects will be effectively reflected throughout the 2025&#8211;2026 cycle.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">Following the analysis of the reconsideration
requests, the Agency identified material errors and the need to make official corrections.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">As a result of the adjustments introduced
by Ruling No. 920/2025, there was a 0.01% reduction in the total value of the RAP plus the Adjustment Portion originally approved by ANEEL
Resolution No. 3,343/2024, as detailed in the following tables:</P>

<P STYLE="font: 12pt Calibri,sans-serif; margin: 0; color: #494949"><FONT STYLE="font-size: 10pt"><B>Table 42 - Revised RAP and PA values
for Reinforcements and Improvements, after analysis of the appeals against ReH No. 3,343/2024 (R$) &#8211; Dispatch No. 920/2025</B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="width: 16%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Concessionaire</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Contract</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>Gross RAP Reviewed ANEEL</B></P>
    <P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>3,343/2024 (R$)</B></P></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Total PA ANEEL 3,343/2024 (R$)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Gross RAP Reviewed Post-Appeals (R$)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Total PA Post Revision (R$)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Total Difference RAP + PA (R$)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Total Chg RAP + PA (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletronorte</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">002/2009</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">8,792,926</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-1,102,937</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">8,793,245</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-1,101,240</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">2,017</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.03</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletrobras Holding</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">034/2001</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">11,335,375</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-563,270</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">11,335,375</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-563,270</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.00</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletronorte</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">010/2009</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">1,539,965</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-77,310</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">1,539,965</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-77,310</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.00</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletronorte</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">001/2009</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">18,283,185</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">3,752,485</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">18,283,185</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">3,752,485</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.00</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">CGT Eletrosul</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">005/2006</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">9,932</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-79,037</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">9,932</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-79,037</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.00</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">CGT Eletrosul</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">004/2004</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">12,829</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-102,175</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">12,829</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-102,175</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.00</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletrobras Holding</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">007/2006</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">199,922</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">199,922</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.00</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletrobras Holding</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">006/2005</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">95,794</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">95,794</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.00</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">CGT Eletrosul</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">005/2009</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">602,382</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-54,093</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">602,382</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-54,093</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.00</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Chesf</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">014/2008</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">5,111,100</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">9,580,658</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">5,111,043</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">9,580,371</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-345</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.00</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Chesf</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">007/2005</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">18,921,919</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">18,919,946</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-1,974</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-0.01</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Chesf</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">006/2009</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">13,572,707</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">9,713,704</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">13,564,141</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">9,707,936</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-14,334</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-0.06</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>78,478,036</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>21,068,025.6</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>78,467,759</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>21,063,667</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-14,635.59</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-0.01</B></FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.10.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 10 - 2<SUP>nd</SUP> RAP's Periodic Tariff Review of contracts
extended by Law 12,783/2013</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">The second Periodic Tariff Review
(RTP) of the Annual Permitted Revenue (RAP) for the transmission concession contracts extended under Law No. 12,783/2013 was originally
scheduled for 2023, with a review date of July 1, 2023, but was postponed to July 1, 2024, as established by ANEEL Ruling No. 402/2023.
The result of this review was published on December 7, 2024, through ANEEL Resolution No. 3,344/2024.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">On April 24, 2025, ANEEL issued Ruling
No. 1,228/2025, in which it acknowledged the administrative appeals filed against Resolution No. 3,344/2024 and partially granted them,
approving amendments to the outcome of the Periodic Review for the RAP of the extended transmission concession contracts. The effects
of these changes will be effectively reflected throughout the 2025&#8211;2026 RAP cycle.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">In addition to evaluating the reconsideration
requests, the Agency conducted a new calculation of the Tariff Review and identified the need for official changes.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">It is worth noting that, although
part of the Company&#8217;s claims were accepted&#8212;resulting in positive impacts on revenue&#8212;the final outcome of the review
led to a net reduction in revenue and in the Adjustment Portion (PA), due to official changes prompted by material errors. The main variation
occurred in the Economic Component of RBSE, whose revenue was reduced by approximately R$192 million, with an equivalent impact on the
Adjustment Portion.</P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">As a result of the adjustments introduced
by Ruling No. 1,228/2025, there was a 2.5% reduction in the RAP and a 23.2% reduction in the Adjustment Portion originally approved by
ANEEL Resolution No. 3,344/2024, as detailed in the tables below:</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 43 - Comparison of the impact of the changes to the RAP approved
by ANEEL Res. No. 3,444/2024</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="width: 17%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Concessionaire</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Contract</B></FONT></TD>
    <TD STYLE="width: 26%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>RAP ANEEL 3,344/2024 (R$)</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>RAP Post-Appeals (R$)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Difference (R$)</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Chg (%)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Chesf</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">061/2001</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">2,526,404,066</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">2,327,142,640</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-199,261,426</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">7.9</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletronorte</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">058/2001</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">1,256,255,532</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">1,258,880,988</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">2,625,456</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-0.2</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">CGT Eletrosul</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">057/2001</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">644,308,102</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">644,228,851</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-79,251</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.0</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletrobras Holding</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">062/2001</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">3,138,941,152</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">3,144,894,572</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">5,953,420</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-0.2</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>7,565,908,852</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>7,375,147,051.0</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-190,761,801</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>2.5</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Calibri,sans-serif; margin: 5pt 0 0; color: #494949"><B>Table 44 - Comparison of the impact of the changes to the
PA(1) approved by ANEEL Res. No. 3,444/2024</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="width: 17%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Concessionaire</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Contract</B></FONT></TD>
    <TD STYLE="width: 26%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>PA ANEEL 3,344/2024 (R$)</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>PA Post-Appeals (R$)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Difference (R$)</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Chg (%)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Chesf</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">061/2001</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-25,982,471</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-233,708,440</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-207,725,968</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-799.5</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletronorte</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">058/2001</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-140,459,432</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-125,808,293</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">14,651,139</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">10.4</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">CGT Eletrosul</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">057/2001</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-52,840,680</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-52,204,298</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">636,382</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">1.2</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletrobras Holding</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">062/2001</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-560,883,365</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-549,550,362</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">11,333,003</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">2.0</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-780,165,949</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-961,271,393.5</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-181,105,445</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-23.2</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">The consolidated result, reflecting
the adjustments established in Ruling No. 1,228/2025, is presented in the table below:</P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; margin: 0; font: 11pt Calibri,sans-serif; color: #0070C0">Earnings Release 1Q25</P></TD><TD STYLE="font: 10pt Calibri; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Calibri,sans-serif; margin: 0"><B>Table 45 - Consolidated changes to the revenue approved by ANEEL Res. No. 3,444/2024</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="width: 16%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Concessionaire</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Contract</B></FONT></TD>
    <TD STYLE="width: 25%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>RAP + PA</B></P>
    <P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>ANEEL 3,344/2024 (R$)</B></P></TD>
    <TD STYLE="width: 20%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>RAP + PA</B></P>
    <P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>PA Post-Appeals (R$)</B></P></TD>
    <TD STYLE="width: 14%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>Total Difference</B></P>
    <P STYLE="font: 10pt Calibri,sans-serif; margin: 0; text-align: center; color: white"><B>(R$)</B></P></TD>
    <TD STYLE="width: 16%; border-top: #C9DA2A 1pt solid; border-bottom: #C9DA2A 1pt solid; border-left: white 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Total Chg (%)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Chesf</FONT></TD>
    <TD STYLE="padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">061/2001</FONT></TD>
    <TD STYLE="padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">2,500,421,595</FONT></TD>
    <TD STYLE="padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">2,093,434,200</FONT></TD>
    <TD STYLE="padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-406,987,394</FONT></TD>
    <TD STYLE="padding-top: 1.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">-16.28</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletronorte</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">058/2001</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">1,115,796,100</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">1,133,072,695</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">17,276,595</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">1.55</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">CGT Eletrosul</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">057/2001</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">591,467,422</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">592,024,553</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">557,131</FONT></TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.09</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">Eletrobras Holding</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">062/2001</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">2,578,057,787</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">2,595,344,210</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">17,286,423</FONT></TD>
    <TD STYLE="border-bottom: #C9DA2A 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: black">0.67</FONT></TD></TR>
  <TR STYLE="background-color: #F3F7F4">
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>6,785,742,903</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>6,413,875,657.5</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-371,867,246</B></FONT></TD>
    <TD STYLE="border-bottom: #009E49 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-5.48</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.11.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 11 - Financing and Loans Granted (Receivables)</FONT></P>

<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 0 0 5pt; text-align: justify; color: #494949">&nbsp;</P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Chart 15 - Receivables (R$ billion)</B></P>

<P STYLE="font: 12pt/120% Times New Roman,serif; margin-top: 0; margin-bottom: 5pt; text-align: center"><IMG SRC="ebrpr1q256k_018.jpg" ALT=""></P>

<P STYLE="font: 9pt/120% Calibri,sans-serif; margin-top: 6pt; margin-bottom: 6pt; text-align: left; color: #494949">Does not include ECL of R$
3,989 million and current charges.</P>



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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; margin: 0; font: 11pt Calibri,sans-serif; color: #0070C0">Earnings Release 1Q25</P></TD><TD STYLE="font: 10pt Calibri; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt/120% Times New Roman,serif; margin: 0 0 3pt; text-indent: 0in; color: #0072C6"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">11.12.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Calibri,sans-serif; font-size: 15pt">Appendix 12 - Result Reconciliation Regulatory vs. IFRS </FONT></P>

<P STYLE="font: 10pt Calibri,sans-serif; margin: 0; color: #494949"><B>Table 46 - Reconciliation IFRS vs. Regulatory (R$ Thousand)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #0090C6">
    <TD STYLE="width: 28%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>CVM Result IFRS</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Regulatory Result</B></FONT></TD>
    <TD STYLE="width: 12%; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Differences</B></FONT></TD>
    <TD STYLE="width: 12%; border-left: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>CVM Result IFRS</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Regulatory Result</B></FONT></TD>
    <TD STYLE="width: 12%; border-left: #C9DA2A 1pt solid; border-right: #C9DA2A 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: white"><B>Differences</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2025</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>03/31/2024</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>OPERATING REVENUES</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B><U>Generation</U></B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Power supply for distribution companies</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,342,035</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,398,202</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-56,167</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,683,460</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,115,207</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-431,747</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Power supply for end consumers</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">494,335</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">494,335</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">761,385</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">761,385</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">CCEE revenue (short term market)</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">611,792</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">611,792</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">701,165</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">701,165</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Operation and maintenance (O&amp;M) revenue</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">519,093</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">519,093</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">787,242</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">787,242</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Revenue from construction of Power Plants</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Rate of return updates - Generation</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Itaipu transfer</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B><U>Transmission</U></B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Operation and maintenance revenue - Renewed Lines</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Operation and maintenance revenue</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,015,823</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,868,171</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">147,652</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,898,661</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,898,661</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Financial - Return on Investment - RBSE</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Construction revenue</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">746,008</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">746,008</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">585,683</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">585,683</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Contract revenue &#8211; Transmission</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,423,788</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,423,788</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,074,228</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,074,228</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Transmission System Availability (Rap)</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,554,771</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,554,771</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,211,041</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-3,211,041</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other income</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">68,749</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">68,749</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">79,370</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">78,444</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">926</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B><U>Deductions</U></B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(-) Sector charges</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-652,535</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-652,535</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-648,914</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-648,914</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(-) ICMS </FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-64,024</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-64,024</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-236,462</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-236,462</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(-) PASEP e COFINS</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,090,177</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,090,177</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-966,503</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-966,503</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">(-) Other Deductions</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-708</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-708</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,044</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,044</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Net Operating Revenue</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>10,414,179</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>9,707,669</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>706,510</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>8,718,271</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>9,700,222</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-981,951</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>OPERATING COSTS</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel, Material and Services</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-651,822</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-651,822</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-666,689</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-666,491</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-198</FONT></TD></TR>
</TABLE>




<!-- Field: Page; Sequence: 60 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; margin: 0; font: 11pt Calibri,sans-serif; color: #0070C0">Earnings Release 1Q25</P></TD><TD STYLE="font: 10pt Calibri; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; width: 28%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Energy purchased for resale</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,560,041</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,743,372</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">183,331</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-737,337</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-912,873</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">175,536</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Charges for use of the electricity grid</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-996,440</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-848,788</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-147,652</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-971,645</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-971,645</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>

<TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Fuel for electricity production</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-559,757</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-559,757</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-505,536</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-505,536</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Construction</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-745,323</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-745,323</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-641,806</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-641,806</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Depreciation</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-461,064</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-938,419</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">477,355</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-446,749</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-917,786</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">471,037</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Amortization</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-566,096</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-568,086</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1,990</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-490,085</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-501,932</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">11,847</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Operating provisions/reversals</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other costs</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-67,215</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-64,377</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-2,838</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-39,835</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-39,890</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">55</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Operating costs</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-5,607,758</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-5,374,621</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-233,137</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-4,499,682</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-4,516,153</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>16,471</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>GROSS PROFIT</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,806,421</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,333,048</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>473,373</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>4,218,589</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>5,184,069</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-965,480</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>OPERATING EXPENSES</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Personnel, Material and Services</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-693,227</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-696,923</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">3,696</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-762,970</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-772,843</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">9,873</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Voluntary Dismissal Program</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-96,402</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-96,402</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-32,736</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-32,736</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Remuneration and compensation</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Depreciation</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-54,090</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-54,050</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-40</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-50,702</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-49,514</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-1,188</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Amortization</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-30,981</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-30,981</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-9,175</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-9,175</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Donations and contributions</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-17,487</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-17,487</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-52,523</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-52,523</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Operating provisions/reversals</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-126,417</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">89,213</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-215,630</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-195,661</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-425,524</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">229,863</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other expenses</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-131,913</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-137,398</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">5,485</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-72,145</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-74,818</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,673</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>OPERATING EXPENSES</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-1,150,517</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-944,028</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-206,489</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-1,175,912</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-1,417,133</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>241,221</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Regulatory Remeasurements - Transmission Contracts</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-951,763</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-951,763</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>OPERATING RESULT BEFORE FINANCIAL RESULT</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>2,704,141</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>3,389,020</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-684,879</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>3,042,677</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>3,766,936</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-724,259</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>FINANCIAL RESULT</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-3,493,978</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-3,656,488</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>162,510</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-2,987,777</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-3,076,886</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>89,109</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>PROFIT BEFORE EQUITY HOLDINGS</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-789,837</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-267,468</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-522,369</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>54,900</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>690,050</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-635,150</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>Equity income</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>367,832</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>371,066</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-3,234</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>575,962</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>446,085</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>129,877</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Other income and expenses</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">133,325</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">133,324</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,767</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">4,767</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 61 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; margin: 0; font: 11pt Calibri,sans-serif; color: #0070C0">Earnings Release 1Q25</P></TD><TD STYLE="font: 10pt Calibri; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->60<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><IMG SRC="ebrpr1q256k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif; width: 28%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>OPERATING PROFIT BEFORE TAX</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-288,680</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>236,922</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-525,602</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>635,629</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>1,140,902</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center; width: 12%"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-505,273</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Current income tax and social contribution</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-79,344</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-79,344</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-513,922</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-513,922</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>

<TR>
    <TD STYLE="vertical-align: bottom; width: 28%; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Deferred income tax and social contribution</FONT></TD>
    <TD STYLE="width: 12%; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">14,407</FONT></TD>
    <TD STYLE="width: 12%; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-21,965</FONT></TD>
    <TD STYLE="width: 12%; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">36,372</FONT></TD>
    <TD STYLE="width: 12%; border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">208,827</FONT></TD>
    <TD STYLE="width: 12%; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">143,722</FONT></TD>
    <TD STYLE="width: 12%; border-left: #C9DA2A 1pt solid; border-right: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">65,105</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>NET INCOME FOR CONTINUING OPERATIONS</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-353,617</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>135,613</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-489,230</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>330,534</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>770,702</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-440,168</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to controlling</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-353,039</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">136,192</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-489,231</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">328,051</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">768,247</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-440,196</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to controlling</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-578</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-579</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,483</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,455</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">28</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>NET INCOME (LOSS) FOR DISCONTINUED OPERATIONS</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>0</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to controlling</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">986,785</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-986,785</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to controlling</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>NET INCOME FOR THE YEAR</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-353,617</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>135,613</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-489,230</B></FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>330,534</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>770,702</B></FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949"><B>-440,168</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to controlling</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-353,039</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">136,192</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-489,231</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">328,051</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">768,247</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-440,196</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #EDECE3; padding-top: 2.65pt; padding-bottom: 1.5pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">Portion attributable to controlling</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-578</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">-579</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">1</FONT></TD>
    <TD STYLE="border-left: #C9DA2A 1pt solid; background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,483</FONT></TD>
    <TD STYLE="background-color: #EDECE3; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">2,455</FONT></TD>
    <TD STYLE="border-right: #C9DA2A 1pt solid; border-left: #C9DA2A 1pt solid; background-color: #DBDBDB; padding-right: 2.65pt; padding-left: 2.65pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 10pt; color: #494949">28</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/120% Calibri,sans-serif; margin: 5pt 0; text-align: justify; color: #494949"></P>

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<P STYLE="font: 11pt/120% Calibri,sans-serif; margin-top: 5pt; margin-bottom: 5pt; text-align: center; color: #494949"><IMG SRC="ebrpr1q256k_019.jpg" ALT=""></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 13.5pt; text-indent: 24.5pt">Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 24.5pt">Date: May 15, 2025</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 11pt Verdana, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">CENTRAIS EL&Eacute;TRICAS BRASILEIRAS S.A. - ELETROBR&Aacute;S</FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 87%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 11pt Verdana, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">S</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">Eduardo Haiama</FONT></P>
<HR SIZE="1" NOSHADE ALIGN="LEFT" COLOR="Black" STYLE="width: 100%"></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 11pt Verdana, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Eduardo Haiama</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Vice-President of Finance and Investor Relations</B></P></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">This document may contain estimates and projections that are not statements
of past events but reflect our management&rsquo;s beliefs and expectations and may constitute forward-looking statements under Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words &ldquo;believes&rdquo;,
&ldquo;may&rdquo;, &ldquo;can&rdquo;, &ldquo;estimates&rdquo;, &ldquo;continues&rdquo;, &ldquo;anticipates&rdquo;, &ldquo;intends&rdquo;,
&ldquo;expects&rdquo;, and similar expressions are intended to identify estimates that necessarily involve known and unknown risks and
uncertainties. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political, and business conditions
in Brazil and abroad; fluctuations in interest rates, inflation, and the value of the Brazilian Real; changes in consumer electricity
usage patterns and volumes; competitive conditions; our level of indebtedness; the possibility of receiving payments related to our receivables;
changes in rainfall and water levels in reservoirs used to operate our hydroelectric plants; our financing and capital investment plans;
existing and future government regulations; and other risks described in our annual report and other documents filed with the CVM and
SEC. Estimates and projections refer only to the date they were expressed, and we do not assume any obligation to update any of these
estimates or projections due to new information or future events. Future results of the Company&rsquo;s operations and initiatives may
differ from current expectations, and investors should not rely solely on the information contained herein. This material contains calculations
that may not reflect precise results due to rounding.</P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
