6-K 1 elppr2q25.htm 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of August, 2025

Commission File Number 1-14668

COMPANHIA PARANAENSE DE ENERGIA

(Exact name of registrant as specified in its charter)

Energy Company of Paraná

(Translation of Registrant's name into English)

José Izidoro Biazetto, 158
81200-240 Curitiba, Paraná
Federative Republic of Brazil
+55 (41) 3331-4011

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______

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.

Yes _______ No ___X____

| Summary |

1. Consolidated Results | 2
1.1 Ebitda | 2
1.2 Operating Revenue | 3
1.3 Operating Costs and Expenses | 3
1.4 Equity Income Results | 4
1.5 Financial Results | 4
1.6 Consolidated Net Income | 4
1.7 Debt | 5
2. Investments | 7
3. Copel Geração e Transmissão (GenCo) (Consolidated Result) | 8
3.1 Economic and Financial Performance | 8
3.1.1 IFRS effect in the Transmission segment | 9
3.2 Operational Performance | 9
3.2.1 Generation | 10
3.2.2 Energy sold | 10
3.2.3 Transmission | 11
RBSE | 11

4. Copel Distribuição - DisCo | 12
4.1 Economic and Financial Performance | 12
4.1.1 Regulatory Efficiency | 13
4.2 Operational Performance | 13
4.2.1 Grid Market (TUSD) | 13
4.2.2 Captive Market | 13
4.2.3 Operational data | 13
5. Copel Comercialization | 15
5.1 Economic and Financial Performance | 15
5.2 Operational Performance | 15
6. ESG performance | 17
6.1 ESG in Copel's strategy | 17
6.2 Recent highlights | 17
6.3 Indicators | 18
6.4 Evaluations, Ratings and Indexes | 18
7. Other highlights | 19
Disclaimer | 20

| 1. Consolidated Results |

The consolidated result is made up of Copel (Holding), Copel Geração e Transmissão (GenCo), Copel Distribuição (DisCo), Copel Comercialização (TradeCo) and other equity holdings[1] . The following analyses refer to the second quarter of 2025 (2Q25) compared to the same period in 2024 (2Q24) and, where applicable, to the accumulated periods of the first six months of 2024 and 2025 (1H24 and 1H25, respectively).

1.1 Ebitda

Copel Recurring Ebitda[2] amounted R$ 1,335.0 million in 2Q25, 4.2% higher than the R$ 1,281.0 million recorded in 2Q24, reflecting the good performance and resilience of our assets and the Company's operational and commercial efficiency. GenCo and TradeCo accounted for approximately 58.4% of this result, while DisCo accounted for 42.6%.[3]

Highlights in 2Q25 include:

| (i) | GenCo's Ebitda, which grew by 12.6% (+R$ 85.1 million) compared to 2Q24, totaling R$ 761.4 million, mainly because of the following factors: i. an increase of R$ 45.4 million, due to better results in transactions carried out on the short-term market; ii. an increase of 17.2% in wind power generation caused by a wind volume above certification, enabling a lower deviation of R$ 18.9 million (-45.8% compared to 2Q24), despite the higher curtailment between periods (12.1% vs. 7.6% in 2Q24); iii. R$ 16.9 million increase in revenue from the availability of the electricity grid, explained mainly by the incorporation of the Mata de Santa Genebra S.A. (MSG) transmission company; and iv. Ebitda from discontinued operations, which was negative R$ 13.8 million in 2Q24, absent in 2Q25;

| (ii) | a 98.0% increase (+R$ 8.4 million) in Elejor's EBITDA compared to 2Q24, due to higher energy sales for bilateral contracts and average energy balance prices 17.4% higher between the periods;

| (iii) | DisCo' Ebitda, which increased by 0.6% (+R$ 3.1 million) compared to 2Q24, mainly due to the June 2024 tariff readjustment, with an average increase of 2.7% in the Distribution System Use Tariffs (TUSD), partially offset by the 2.6% drop in the billed grid market, a consequence mainly due to milder weather, which had a negative impact on consumption in the residential and commercial segments, and by the increase of R$ 126.3 million (+33.1%) in the cost of energy purchased for resale, due to the higher volume coming from the Distributed Micro and Mini Generation (MMGD) compensation system; and

| (iv) | a 3.7% (-R$ 27.6 million) reduction in manageable costs (PMSO), mainly influenced by the dismissal of 1,436 employees, mostly through the Voluntary Dismissal Program (PDV) completed in 2024, partially offset by the pro rata provision, between October and December, of the 2024 Collective Bargaining Agreement, with a 4.09% salary adjustment (INPC accumulated over 12 months up to September 2024) and by a 9.7% increase in third-party services, mainly for maintenance of the electrical system at DisCo.

[1] Copel Serviços, Elejor and other stakes in generation assets.

[2] Excluding non-recurring items, mark-to-market - MTM at TradeCo, new replacement value for the adjustment to present value of the indemnifiable asset (VNR) at DisCo, equity equivalence and IFRS effects on transmission contract assets.

[3] Holding, Copel Serviços and Elejor accounted for -1.0% of recurring Ebitda.

This result was partially offset by the decrease of R$ 16.6 million (-47.5%) in TradeCo's Ebitda, basically due to the lower sales margin, of R$ 15.3 million, and the Ebitda from discontinued operations, of R$ 31.0 million, recorded at Copel (Holding) in 2Q24 and absent in 2Q25.

The non-recurring items considered in the calculation of Recurring Ebitda are shown in the following table:

|  |  |  |  |  | R$ million
Recurring Ebitda | 2Q25 | 2Q24 | Δ% | 2025 | 2024 | Δ%
Ebitda | 1,582.8 | 1,304.4 | 21.3 | 3,319.3 | 2,704.1 | 22.8
(-/+) Fair value on the purchase and sale of energy | (61.2) | 31.0 | - | (67.9) | 43.9 | -
(-/+) Provision/Reversal of POS indemnity | - | - | - | 21.0 | - | -
(-/+) Partial disposal of assets/asset swap | (200.6) | - | - | (310.4) | - | -
(-/+) Ebitda Discontinued Operations Compagas and UEGA | - | 17.2 | - | - | 38.4 | -
(-/+) Equity equivalence | (64.3) | (80.5) | (20.2) | (164.7) | (162.2) | 1.5
(-/+) NRV | (11.7) | (13.3) | (11.9) | (35.7) | (32.3) | 10.7
(-/+) Difference Corporate/Regulatory Transfer Revenue | 90.0 | 22.2 | 305.6 | 76.6 | 20.0 | 283.7
Recurring Ebitda | 1,335.0 | 1,281.0 | 4.2 | 2,838.2 | 2,611.9 | 8.7

Consolidated Recurring Ebitda
(R$ million)

2

1.2 Operating Revenue

Net Operating Revenue totaled R$ 6,225.2 million in 2Q25, up 13.6% on the R$ 5,479.3 million recorded in 2Q24. This result is mainly the result of increases:

| (i) | R$ 414.1 million (+57.0%) in electricity supply revenue, with the following highlights: i. R$ 262.6 million increase in TradeCo (excluding revenue from group companies), due to the 36.0% growth in the volume of energy sold to bilateral contracts; ii. an increase of R$ 45.4 million at GenCo, due to the better result in transactions carried out on the short-term market in 2Q25 compared to 2Q24, especially the modulation of the hydroelectric generation portfolio in view of the behavior of the PLD in the South submarket in the period; iii. lower generation deviation, of R$ 18.9 million (-45.8%), in the wind complexes; iv. an increase of R$ 54.9 million in DisCo revenue due to the higher sale of energy in the short term (MCP); and v. an increase of R$ 9.5 million in the energy sold by Elejor for bilateral contracts;

| (ii) | R$ 377.3 million (+188.7%) in the result of sectorial financial assets and liabilities (CVA), because of the adherence of tariff coverage in relation to costs with Parcel A, especially with energy purchased for resale and the return of PIS/COFINS to DisCo consumers in the period;

| (iii) | R$ 168.4 million (+25.0%) in construction revenue, mainly due to the increase in the volume of works related to DisCo's investment program (see topic 2), which includes investments aimed at improving and modernizing infrastructure and improving customer service; with no effect on the result given that the amount recorded in costs and expenses is equal; and

| (iv) | R$ 91.3 million (+77.6%) in other revenues, especially due to the R$ 61.2 increase in the fair value of TradeCo's energy purchase and sale contracts (Marked to Market - MTM) (which was mainly influenced by the reduction in the long-term NTN-B discount rate and the reduction in the submarket spread) and the R$ 28.4 million increase in revenue from DisCo's infrastructure sharing rents and contractual fines.

These increases were partially offset by:

| (v) | the decrease of R$ 167.5 million (-8.1%) in electricity supply revenue, due to: i. the reduction of R$ 91.7 million at DisCo due to the 10.2% drop in the captive market billed, due to the lower temperature in the period and greater MMGD compensation, as well as the negative tariff adjustment of 4.0% in the Energy Tariff (TE) in the 2024 Annual Tariff Review; and ii. the drop of R$ 75.9 million at TradeCo due to the 5.5% reduction in energy sold to free consumers; and

| (vi) | the decrease of R$ 136.3 million (-8.2%) in revenue from the availability of the electricity grid, mainly explained by: i. the reduction of R$ 86.7 million in DisCo due to the 0.7% drop in the wire market, due to milder temperatures in the period; and ii. a decrease of R$ 115.1 million, due to Aneel's decision to recalculate the financial component of the Existing System Basic Network (RBSE); partially offset: iii. by an increase of R$ 39.0 million due to the partial granting of an administrative appeal requesting the recalculation of the July 2024 tariff review amounts for transmission contracts; iv. by the consolidation of revenue of R$ 30.9 million from MSG, as of June 1, 2025; and v. by the adjustment of transmission contract asset balances, mainly due to the increase in the IPCA.

1.3 Operating Costs and Expenses

In 2Q25, operating costs and expenses totaled R$ 5,067.9 million, an increase of 9.9% compared to R$ 4,611.6 million recorded in 2Q24. In this regard, the following stand out:

| (i) | the increase of R$ 550.5 million (+27.3%) in electricity purchased for resale, mainly due to: i. the increase of R$ 185.5 million in the purchase of energy from DisCo on the Energy Trading Chamber (CCEE) and the higher volume from the distributed generation system (+R$ 126.3 million); ii. an increase of R$ 224.9 million (+27.5%) at TradeCo, mainly due to the acquisition of electricity under bilateral contracts; and iii. growth of R$ 70.8 million in purchases on the short-term market (MCP), given a lower average GSF (95.3% compared to 99.3 in 2Q24), partially offset iv. by an increase of R$ 56.5 million (+11.5) in eliminations and reclassifications of purchases made between groups; and

| (ii) | an increase of R$ 168.4 million (+25.0%) in construction costs, mainly due to Copel DIS's investment program, with no effect on results given the matching of the amount recorded in construction revenue.

This result was partially offset by:

| (i) | a R$ 42.5 million (-6.5%) reduction in electricity network usage charges, mainly due to the increase in the share of the locational signal in the calculation of the TUST in the generation segment (-R$ 20.1 million) and lower costs with the Basic Network and Transportation from Itaipu in the distribution segment due to lower tariffs approved by ANEEL (-$ 30.3 million); and

| (ii) | lower PMSO costs (excluding provisions, reversals and the effects of the partial disposal and swap of assets), which fell by R$ 27.6 million (-3.7%), due to the reduction in the number of employees, partially offset by an increase of R$ 24.7 million (+9.7%) in third-party services, mainly due to an increase of R$ 23.7 million in expenses with maintenance of the electrical system at Copel DIS.

The graph below shows manageable costs compared between quarters and accumulated in the year:

3

|  |  |  |  |  | R$ million |
Manageable Costs | 2Q25 | 2Q24 | ∆% | 1H25 | 1H24 | ∆% |
Staff and administrators | 242.4 | 284.8 | (14.9) | 491.6 | 578.7 | (15.1) |
Social security and assistance plans | 58.0 | 66.7 | (13.0) | 119.0 | 135.7 | (12.3) |
Material | 21.9 | 21.7 | 1.0 | 44.9 | 40.1 | 11.9 |
Third-party services | 278.7 | 254.0 | 9.7 | 561.0 | 498.1 | 12.6 |
Other operating costs and expenses* | 107.4 | 108.7 | (1.3) | 217.1 | 202.8 | 7.0 |
TOTAL | 708.3 | 735.9 | (3.7) | 1,433.5 | 1,455.4 | (1.5) |
*Disregards the effect of the partial disposal of assets/asset swap: (i) R$ 200.6 million in 2Q25; and (ii) R$ 310.4 million in 1H25. |

Neutralizing the effects of provisions related to performance bonuses (PPD), profit sharing (PLR), long-term incentives (ILP) and PDV, there was a reduction of R$ 40.8 million (-17.5%) in personnel and management costs in the quarterly comparison, because of the reduction in the total number of employees in the comparison between the periods, partially offset by the pro rata provision between October and December of the collective bargaining agreement - ACT 2024, with a salary readjustment by the National Consumer Price Index - INPC, of 4.09%, considering 12 months until September/2024.

|  |  |  |  | R$ million |
Personnel costs | 2Q25 | 2Q24 | ∆% | 1H25 | 1H24 | ∆% |
Staff and administrators | 242.4 | 284.8 | (14.9) | 491.6 | 578.7 | (15.1) |
(-/+) Profit sharing, PPD and ILP | (50.1) | (51.7) | (3.3) | (96.0) | (110.6) | (13.3) |
(-/+) Provision/Reversal of POS indemnity | - | - | - | (21.0) | - | - |
TOTAL | 192.3 | 233.1 | (17.5) | 374.6 | 468.1 | (20.0) |

Changes in the workforce

1.4 Equity Income Results

The equity income from jointly controlled companies and other affiliates of Copel in 2Q25 decreased by 20.2% compared to the same period last year (R$ 64.3 million, compared to R$ 80.5 million recorded in 2Q24). The decrease is mainly due to the consolidation of 100% of Mata de Santa Genebra S.A. - MSG, as of June 1, 2025, with a reduction of approximately R$ 5.5 million in this item, and by the decrease in the restatement of contract assets in the transmission segment, caused by lower inflation in the period (IPCA of 0.93% vs. 1.05% in 2Q24). Details of the results can be found in Annex I.

1.5 Financial Results

The financial result was a negative R$ 401.9 million in 2Q25, compared to a negative R$ 289.7 million in 2Q24, an increase of R$ 112.2 million (38.7%). This variation is mainly due to the increase in expenses with charges and monetary variation of R$ 213.3 million (+48.9%), due to the increase in debt and the CDI (Copel's main debt indexer) in a higher interest rate environment. These effects were partially offset by an increase of R$ 31.6 million in interest on taxes to be offset, essentially due to the updating of PIS/COFINS, and by an increase of R$ 52.2 million in other financial income, mainly due to the updating of the adjustment to present value of the Use of Public Property - UBP.

|  |  |  |  |  | R$ million |
Financial Results | 2Q25 | 2Q24 | ∆% | 1H25 | 1H24 | ∆% |
Financial Income | 375.3 | 274.4 | 36.8 | 673.0 | 526.0 | 27.9 |
Financial Expenses | (777.2) | (564.1) | 37.8 | (1,521.3) | (1,083.9) | 40.4 |
Total Financial Result | (401.9) | (289.7) | 38.7 | (848.4) | (557.9) | 52.1 |

1.6 Consolidated Net Income

Copel recorded reported net income of R$ 573.6 million in 2Q25, compared to R$ 473.6 million in 2Q24, an increase of 21.1%, mainly due to improved operating performance, with emphasis on the increase in the results of the hydroelectric and wind power portfolios, as well as the reduction in personnel costs and net gains of R$ 132.3 million from the disposal and swap of assets in 2Q25, partially offset by the lower financial result identified in the previous section and by the 25.9% increase in income tax/social contribution (IR/CSLL), mainly due to operating performance and gains from the disposal and swap of assets.

4

The main adjustments to net income in 2Q25 were:

Excluding non-recurring effects and non-cash items (VNR, MTM and IFRS in broadcasters) in 2Q25, Recurring Net Income decreased by 9.5% compared to 2Q24. This was substantially influenced by the R$112.2 million decline in financial results, as highlighted in section 1.5, which was partially offset by improved operating performance, with a R$ 54.0 million increase in recurring Ebitda, and a 12.1% reduction in IR/CSLL, due to the lower calculation basis resulting from the decline in financial results.

Change in Recurring Net Income

(R$ million)

*Results from discontinued operations and equity income

1.7 Indebtedness

Copel's total consolidated debt on June 30, 2025 was R$ 20,037.4 million, a variation of 12.9% in relation to the amount recorded on December 31, 2024, of R$ 17,753.8 million. The following table and graphs show the indebtedness of Copel and its subsidiaries as of June 30, 2025.

Debt by Subsidiary

R$ million |
R$ thousand | GenCo2 | DisCo | Others3 | Total debt |
Total Debt1 | 12,485.7 | 7,330.9 | 220.8 | 20,037.4 |
Availability | 2,477.5 | 425.6 | 580.2 | 3,483.2 |
Adjusted Net Debt | 10,008.2 | 6,905.3 | (359.3) | 16,554.2 |
Leverage | 1.0x | 2.0x | 1.9x | 2.9x 4 |
Duration (years) | 2.9 | 2.8 | 3.5 | 3.1 |
1Cavernoso's debt was reclassified to liabilities held for sale. 2Includes GenCo (parent company). 3Includes Copel Serviços, wind complexes (Brisa Potiguar, Cutia, Jandaíra, Vilas, Aventura and SRMN) and transmission companies (Costa Oeste and Marumbi). 4Excludes the effect of the acquisition of 70% of the Baixo Iguaçu hydroelectric plant. |

5

On June 30, 2025, consolidated leverage reached 3.1x, reflecting a net debt of R$ 16,563.7 million - an increase of 0.5x compared to the end of 2024. Despite the increase, the indicator remains within the parameters defined by the optimal capital structure. The increase is mainly attributable to the conclusion of the acquisition of 70% of the Baixo Iguaçu HPP, with a cash outflow of R$ 1.0 billion, in the context of the asset divestment process. Excluding the effects of this transaction, leverage ended the period at 2.9x.

Adjusted Net Debt/Adjusted Ebitda

* Figures include discontinued operations and are adjusted to exclude equity method results, impairment charges, GSF renegotiation impacts, and PIS/Cofins provisions

In June 2025, the nominal cost of debt was 13.54% per annum, equivalent to 90.88% of the CDI. On December 31, 2024, this cost was 11.96% per annum, corresponding to 98.46% of the CDI.

Debt Composition and Indexation

Amortization - R$ million

Average term: 4.6 years

6

| 2. Investments |

In 2Q25, the investment program amounted to R$ 975.3 million, 90.3% by DisCo and 9.5% by GenCo.

|  |  |  |  | R$ million
Subsidiary / SPE | Realized | Realized | Forecast
2Q25 | 1H25 | 2Q24 | 1H24 | 2025
DisCo1 | 881.1 | 1,477.7 | 609.6 | 1,144.2 | 2,501.9
Copel Generation and Transmission | 92.5 | 173.3 | 39.3 | 73.2 | 464.1
Generation | 25.7 | 46.3 | 14.3 | 25.3 | 158.9
Hydroelectric | 12.0 | 20.7 | 9.1 | 19.4 | 76.8
Wind | 13.6 | 25.5 | 5.2 | 5.9 | 82.1
Transmission | 64.7 | 113.6 | 18.1 | 37.3 | 221.6
Improvements/Reinforcement2 | 62.5 | 108.3 | 17.9 | 36.6 | 205.0
Other investments | 2.2 | 5.3 | 0.2 | 0.7 | 16.6
Other GeT projects3 | 2.1 | 13.4 | 6.9 | 10.6 | 83.6
Holding | 1.0 | 1.2 | 0.4 | 1.1 | 9.1
Copel Commercialization | 0.2 | 0.5 | 0.1 | 0.3 | 4.5
Copel Serviços e outras participações4 | 0.6 | 0.9 | 18.0 | 40.6 | 49.5
Total | 975.3 | 1,653.5 | 667.4 | 1,259.4 | 3,029.1
1Includes the "Transformation" Program made up of the Paraná Trifásico (Paraná Three-Phase), Rede Elétrica Inteligente Smart Grid) and Total Reliability projects.
2Includes Facilities Modernization Plan - PMI. |  |  |
3Includes COGT (Generation and Transmission Operations Centre) modernization, Parigot de Souza - GPS HPP modernization and Marumbi and Uirapuru SPEs.
4Includes an innovation plan for the energy sector, in line with the investment thesis, Copel's innovation programs and ESG practices.

Of the amount invested in DIS in the quarter, 82.0% was allocated to investments in electrical assets and 18.0% to non-electrical assets and other investments. The funds were allocated mainly under the Paraná Trifásico and Rede Elétrica Inteligente projects, with the aim of modernizing, automating and renewing the distribution network, with standardized technologies for automation equipment. Among the benefits of the projects are the reinforcement of rural networks to reduce disconnections and ensure support for the growth of agribusiness in the state of Paraná, the reduction of costs with O&M and commercial services and the improvement in the control of the indicators of Equivalent Duration of Interruption per Consumer Unit - DEC and Equivalent Frequency of Interruption per Consumer Unit - FEC. The program is made up of pillar projects:

| • | Paraná Trifásico (Paraná Three-Phase): covers the construction of approximately 25,000 km of new networks by 2025 and represents the improvement and renovation of rural distribution networks in the company's concession area, with the implementation of a three-phase network and the creation of redundancy in the main rural branches. By late June 2025, 22,996 km of network had been completed.

| • | Rede Elétrica Inteligente (Smart Grid): aims to implement a private communication network with standardized technology to serve all the distribution network's automation equipment and advanced metering infrastructure. By late June 2025, 1,519,502 smart meters had already been installed. Phases 1, 2 and 3 of the program identified advances for our operation, with a reduction in man-hours and km traveled, less non-technical losses, improved quality and a reduction in compensation for breaches of quality performance limits.

The investments made at GenCo are mainly aimed at reinforcements and improvements to transmission lines, corresponding to 70.0% of the total invested in the quarter, and operation and maintenance of generation assets, amounting to 27.8%.

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| 3. Copel Geração e Transmissão (GenCo) (Consolidated Result) |

3.1 Economic and Financial Performance

GenCo reported recurring Ebitda[4] of R$ 761.4 million, 12.6% higher than the R$ 676.3 million recorded in 2Q24.

This result mainly reflects:

(i) the increase of R$ 45.4 million, resulting from the positive effects on transactions carried out in the short-term market, especially the modulation of the hydroelectric generation portfolio in the face of the behavior of the PLD in the South submarket in the period;

(ii) the 17.2% increase in wind power generation (799 GWh, compared to 682 GWh in 2Q24), mainly due to the volume of wind above certification, enabling a lower generation deviation of R$ 18.9 million
(-45.8%), despite the increase in curtailment, which went from 7.6% in 2Q24 to 12.1% in 2Q25;

(iii) the increase of R$ 17.3 million in revenue from Energy Purchase Contracts in the Regulated Environment - CCEAR, essentially due to the start of supply from Jandaíra;

(iv) higher revenue from grid availability, of R$ 16.9 million, mainly due to the incorporation of the Mata de Santa Genebra S.A. - MSG transmission company;

(v) a reduction of R$ 20.1 million in charges for the use of the electricity grid, due to the increased participation of the locational signal in the calculation of TUST;

(vi) the decrease of R$ 10.3 in the cost of PMSO; and

(vii) the negative Ebitda from discontinued operations of R$ 13.8 million present in 2Q24 and not in 2Q25.

The positive effects mentioned above were partially offset by the R$ 70.8 million increase in the cost of electricity purchased for resale, because of the higher PLD between the periods.

|  |  |  |  | R$ million |
Recurring Ebitda | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ% |
Ebitda | 936.9 | 748.0 | 25.2 | 1,935.0 | 1,535.8 | 26.0 |
(-/+) Partial disposal of assets | (200.6) | - | - | (310.4) |  | - |
(-/+) POS indemnity reversal/provision |  |  | - | 8.6 |  | - |
(-/+) Recurrent Ebitda from discontinued operations UEGA | - | (13.8) | - |  | (27.4) | - |
(-/+) Equity equivalence | (64.9) | (80.1) | (19.0) | (165.3) | (164.4) | 0.5 |
(-/+) Corporate/Regulatory Tra Revenue Difference (See item 3.1.1) | 90.0 | 22.2 | 306.0 | 76.6 | 20.0 | 283.0 |
Recurring Ebitda | 761.4 | 676.3 | 12.6 | 1,544.5 | 1,364.0 | 13.2 |

[4] Excluding non-recurring items and IFRS effects on transmission contract assets.

PMSO expenses (manageable costs), excluding provisions and reversals, decreased by R$ 10.3 million (-4.5%), mainly explained by: i. a reduction in “Personnel and administrators” costs of R$ 22.4 million, influenced by the departure of 388 employees, mostly under the Voluntary Termination Program (PDV) completed in 2024; ii. lower costs with “Third-party services” (-R$ 3.2 million), mainly related to maintenance of facilities and specialized services in water assets; this result was partially offset by higher costs with the acquisition of iii. “Materials” (+R$ 6.8 million), mainly due to increased maintenance of wind assets; and iv. “Other operating costs and expenses” (+R$ 11.6 million), mainly due to higher lease and rental costs and the Aneel inspection fee.

|  |  |  |  |  | R$ million |
Manageable Costs | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ% |
Staff and administrators | 72.6 | 95.0 | (23.6) | 156.9 | 190.8 | (17.7) |
Social security and assistance plans | 17.3 | 20.4 | (15.3) | 35.5 | 41.4 | (14.4) |
Material | 11.4 | 4.6 | 149.4 | 16.1 | 8.5 | 88.5 |
Third-party services | 65.4 | 68.6 | (4.7) | 133.3 | 133.5 | (0.1) |
Other operating costs and expenses* | 49.3 | 37.7 | 30.8 | 116.4 | 95.6 | 21.7 |
TOTAL | 216.0 | 226.3 | (4.5) | 458.2 | 469.9 | (2.5) |
*Disregards the effect of the partial sale and swap of assets: (i) R$ 200.6 million in 2Q25; and (ii) R$ 310.4 million in 1H25. |

Neutralizing the effects of the provisions relating to the PDV, PPD and PLR, there was a 33.3% reduction in personnel and management costs compared to 2Q24, reflecting the already mentioned reduction in the workforce between the periods, partially offset by the pro rata provision, between October and December, for the 2024 Collective Bargaining Agreement, with a salary adjustment of 4.09% (INPC accumulated over 12 months up to September/2024).

|  |  |  |  |  | R$ million |
Personnel costs | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ% |
Staff and administrators | 72.6 | 95 | (23.6) | 156.9 | 190.8 | (17.8) |
(-/+) Profit sharing, PPD and ILP | (10.4) | (14.6) | (28.8) | (23.3) | (30.2) | (22.8) |
(-/+) Provision/Reversal of severance pay | (8.6) | _ | _ | (8.6) | _ | _ |
TOTAL | 53.6 | 80.4 | (33.3) | 125 | 160.6 | (22.2) |

Recurring Net Income reached R$ 292.5 million in 2Q25, down 19.7% compared to 2Q24. This result mainly reflects the combination of the following effects: i. negative variation in the financial result (-R$ 236.5 million in 2Q25, compared to -R$ 146.4 million in 2Q24), explained by the higher amount of debt and higher CDI (3.3% in 2Q25, compared to 2.6% in 2Q24); ii. higher expenditure on Income Tax and Social Contribution, of R$ 81.9 million, due essentially to the payment of Interest on Own Capital (JCP) to Copel (Holding), which occurred in 2Q24 and not in 2Q25; iii. Higher Ebitda, by R$ 85.1 million, due to the points presented above; iv. Reduction in depreciation, by R$ 28.7 million, due to the renewal of concessions and the reclassification of assets held for sale; and v. Decrease in Others, including equity accounting, by R$ 15.3 million, mainly due to the consolidation of Mata de Santa Genebra - MSG into the portfolio, which ceased to contribute to equity income in the amount of R$ 9,4 million.

8

*Results from discontinued operations and equity income

In the year to date, GenCo recorded Recurring Ebitda of R$ 1,544.5 million, an increase of 13.2% over the same period last year, mainly due to: i. the higher average energy price of GenCo's portfolio in the year; ii. the lower generation deviation in the wind complexes; and iii. the reduction in personnel costs, due to the reduction in the workforce; partially offset by the higher expenditure on electricity purchased for resale.

|  |  |  |  |  | R$ million |
Main Indicators | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ% |
Net Operating Revenue (R$ million) | 1,161.4 | 1,085.4 | 7.0 | 2,400.9 | 2,214.4 | 8.4 |
Operating Costs and Expenses (R$ million) | (467.3) | (624.0) | (25.1) | (985.9) | (1,263.1) | (21.9) |
Operating Result (R$ million) | 522.5 | 395.1 | 32.3 | 1,086.7 | 802.4 | 35.4 |
Net Profit (R$ million) | 365.5 | 365.1 | 0.1 | 781.6 | 641.3 | 21.9 |
Recurring Net Profit (R$ million) | 292.5 | 364.1 | (19.7) | 586.6 | 654.5 | (10.4) |
Ebitda (R$ million) | 936.9 | 748.0 | 25.2 | 1,935.0 | 1,535.8 | 26.0 |
Recurrent Ebitda (R$ million) | 761.4 | 676.3 | 12.6 | 1,544.5 | 1,364.0 | 13.2 |
Operating Margin | 45.0% | 36.4 % | 23.6 | 45.3 % | 36.2 % | 24.9 |
Net Margin | 25.2% | 33.5 % | (24.9) | 24.4 % | 29.6 % | (17.3) |
Ebitda margin | 80.7% | 68.9 % | 17.1 | 80.6 % | 69.4 % | 16.2 |
Adjusted Ebitda Margin | 65.6% | 62.3 % | 5.2 | 61.4 % | 61.6 % | (0.3) |
Investment Program (R$ million) | 92.5 | 39.3 | 135.4 | 173.3 | 73.2 | 136.7 |

3.1.1 IFRS effect in the Transmission segment

For the calculation, an adjustment was made considering the effects of the application of ICPC 01/IFRIC 12 on the corporate statements in the transmission segment.

|  |  |  |  |  | R$ million |
IFRS effect in the Transmission segment | 2Q25 | 2Q24 | Δ% | 2025 | 2024 | Δ% |
(A) Corporate revenue1 | 196.3 | 244.8 | (19.8) | 476.5 | 508.2 | (6.2) |
O&M revenue and effective interest | 194.5 | 243.2 | (20) | 470.3 | 503.9 | (6.7) |
Construction revenue and margin | 56.0 | 19.0 | 195.3 | 111.1 | 29.9 | 272.0 |
Construction costs | (54.3) | (17.5) | 212.2 | (104.9) | (25.6) | 310.4 |
(B) Regulatory revenue1 | 286.2 | 266.9 | 7.2 | 553.1 | 528.1 | 4.7 |
(B-A) Regulatory/Societal Tra Revenue Difference | 90.0 | 22.1 | 306.4 | 76.6 | 20.0 | 283.7 |
(+/-) Effects on equity of transmission companies2 | (30.9) | (34.3) | (9.7) | (90.1) | (82.7) | 8.9 |
IFRS effect in the Transmission segment | 59.0 | (12.1) | _ | (13.5) | (62.7) | (78.5) |
1 Net from taxes and charges. 2 Difference between corporate and regulatory profit of jointly owned subsidiaries in the transmission segment, proportional to GenCo's stake in the projects. |

3.2 Operational Performance

With a presence in 10 states, GenCo operates a diversified park of hydroelectric and wind power plants, totaling 6,227.0 MW[5] of installed power and 2,696.2 MW of average physical guarantee. In the Transmission segment, Copel has a total network of 9,684 km of transmission lines and 53 basic network substations, considering its shareholdings.

For more information on generation and transmission businesses operating data, see Annex IV.

[5] Does not include HPP Baixo Iguaçu, which is in the process of being sold.

9

3.2.1 Generation

Copel's generation park is made up of 100% renewable operating sources.

GenCo's hydroelectric generation was 49.4% lower in 2Q25 (2,726 GWh, compared to 5,389 GWh in 2Q24), caused by a less favorable hydrological scenario and divestment in Small Hydroelectric Plants and the Colíder HPP. In wind farms, generation was 17.2% higher in 2Q25 (799 GWh, compared to 682 GWh in 2Q24), despite the increase in curtailment in 2Q25 (12.1%, compared to 7.6% in 2Q24) and the unavailability of some machines. In the year to date, the total generation of the company's portfolio was 41.9% lower (3,525 GWh in 1H25, compared to 6,071 GWh in 1H24).

3.2.2 Energy sold

In the 2nd quarter of 2025, GenCo recorded 3,708 GWh of electricity sold from hydroelectric sources, a reduction of 8.2%, mainly due to divestments in the SHPs and HPP Colíder. Consequently, this led to an increase in the amount of energy purchased on the short-term market (MCP). The energy sold does not consider the generation allocated to the Energy Reallocation Mechanism (MRE), which fell by 85.6% in the quarter (220 GWh, compared to 1,527 GWh in 2Q24), reflecting the hydrological conditions in the period.

For wind farms, the total electricity sold was 1,177 GWh, an increase of 11.7%, mainly due to the increase in sales under bilateral contracts and energy sold in the regulated environment (CCEARs), due to the start of supply at the Jandaíra Complex[6].

7[6]

Jandaíra I, II, III and IV wind farms (30th LEN - CCEAR 2025 - 2044).

10

GSF and PLD

3.2.3 Transmission

Copel has more than 9,600 km of transmission lines in eight Brazilian states, including its own assets and those in partnership with other companies. In addition to building, maintaining and operating its own extensive energy transmission network, Copel provides services for projects run by other concessionaires. The Transmission projects are listed in Annex IV, including the projects of GenCo, SPEs Costa Oeste, Marumbi, Uirapuru Transmissora and MSG (100% GenCo), as well as the 6 SPEs in which GenCo has a stake.

RBSE

Below is a description of the flow of the portion of the Revenue relating to the Basic Network of the Existing System - RBSE[7] for the next few cycles. It is important to note that the data may be altered in the future due to tariff revision processes and/or revision of the parameters used to compose these revenues by the regulatory body. The figures below include the revision in the methodology for calculating the financial component, established by Aneel’s homologating resolution no. 3,467/2025, with a negative impact of R$ 115.1 million, and have been adjusted annually by the IPCA, according to Aneel’s homologating resolution no. 3,481/2025.

Note:

Economic component: future values based on the 2025-2026 cycle (according to REH no. 3,481/2025)

Financial component: values published in REH no. 3,467/2025

RAP values up to the 2027-2028 cycle projected based on the values in REH no. 3,467/2025.

[7] Refers to concession contract 060/2001, which represents 36.6% of GenCo's annual allowed revenue (RAP) and proportional shares.

11

| 4. Copel Distribuição - DisCo |

4.1 Economic and Financial Performance

DisCo reported recurring Ebitda of R$ 569.3 million in 2Q25, up 0.6%, mainly due to the June 2024 tariff adjustment, with an average increase of 2.7% in TUSD, partially offset by a 2.6% decline in the billed wire market. The following also contributed to the result:

(i) |  | a R$ 53.0 million increase in DisCo's supply revenue, with a 2.0% growth in consumed energy;

(ii) |  | a R$ 21.7 million increase in other revenues, mainly from infrastructure sharing rentals and contractual fines;

(iii) |  | a R$ 18.6 million reduction in PMSO, due to the dismissal of 1,026 employees, mostly under the Voluntary Dismissal Program concluded in 2024, partially offset by an increase in third-party service costs.

These results were partially offset by an increase of R$ 18.4 million in provisions and reversals due to an increase of R$ 12.1 million in Estimated Losses on Doubtful Accounts - PECLD, mainly related to defaults in the low voltage group, and an increase of R$ 6.3 million in litigation, especially due to legal proceedings.

For the year to date, recurring Ebitda reached R$ 1,262.2 million, an increase of 6.7%.

|  |  |  |  |  | R$ million |
Recurring Ebitda | 2Q25 | 2Q24 | ∆% | 1H25 | 1H24 | ∆% |
Ebitda | 581.0 | 579.4 | 0.3 | 1,285.7 | 1.215,2 | 5.8 |
(-/+) POS indemnity reversal/provision | - | - | - | 12.2 | - | - |
(-/+) NRV | (11.7) | (13.3) | (12.0) | (35.7) | (32,3) | 10.5 |
Recurring Ebitda | 569.3 | 566.1 | 0.6 | 1,262.2 | 1.182,9 | 6.7 |

Expenses with manageable costs (PMSO), excluding provisions and reversals, fell R$ 18.6 million (-4.0%) compared to 2Q24, mainly because of the reduction: i. of R$ 32.0 million (-28.4%) in the cost of personnel, administrators, social security and assistance; ii. of R$ 11.3 million (-17.9%) in other costs and expenses, essentially due to the recovery of taxes, in the amount of R$ 8.3 million, and a reduction of R$ 6.5 million in indemnities, mainly administrative reimbursements; and iii. of R$ 6.5 million (-38.7%) in materials expenses, basically from stock clearance and control and a reduction in fuel, parts and equipment costs for the company's fleet.

These effects were partially offset by an increase of R$ 31.2 million (+18.4%) in third-party service costs, due to a greater number of contracts and demands, mainly for maintenance services for the electricity system (+R$ 23.7 million) and cleaning of the right-of-way (+R$ 2.0 million), as well as an increase of R$ 4.7 million in losses on the decommissioning of assets, due to the investment program, mainly with the Smart Grid project.

In the year to date, manageable costs increased by 0.5%, mainly due to the growth in third-party service costs in 2t.

|  |  |  |  |  | R$ million
Manageable Costs | 2Q25 | 2Q24 | ∆% | 1H25 | 1H24 | ∆%
Staff and administrators | 141.8 | 168.4 | (15.8) | 284.2 | 348.2 | (18.4)
Social security and assistance plans | 37.7 | 43.1 | (12.5) | 77.5 | 88.0 | (11.9)
Material | 10.2 | 16.7 | (38.9) | 28.0 | 30.6 | (8.5)
Third-party services | 200.8 | 169.6 | 18.4 | 401.5 | 331.3 | 21.2
Other operating costs and expenses1 | 51.8 | 63.1 | (17.9) | 92.9 | 81.2 | 14.4
TOTAL | 442.2 | 460.8 | (4.0) | 884.0 | 879.3 | 0.5
1Considers losses on the decommissioning of assets in the amount of R$ 33.9 million in 2Q25.

Disregarding the effects of the provisions for the Voluntary Dismissal Program (PDV), performance bonuses (PPD) and profit sharing (PLR), personnel costs fell by 21.9%, mainly reflecting the decrease in salaries, charges and expenses with the social security and assistance plans, as a result of the reduction of 1,026 employees in the company's own staff, mainly due to the PDV, as previously mentioned, partially offset by the provision pro rata, between October and December, of the 2024 Collective Bargaining Agreement, with a salary adjustment of 4.09% (INPC accumulated over 12 months until September 2024).

|  |  |  |  | R$ million
Personnel costs | 2Q25 | 2Q24 | ∆% | 1H25 | 1H24 | ∆%
Staff and administrators | 141.8 | 168.4 | (15.8) | 284.2 | 348.2 | (18.4)
(-/+) Profit sharing, PPD and ILP | (30.4) | (25.7) | 18.3 | (57.3) | (73.7) | (22.3)
(-/+) Provision/Reversal of POS indemnity | - | - | - | (12.2) | - | -
TOTAL | 111.4 | 142.7 | (21.9) | 214.7 | 274.5 | (21.8)

Also noteworthy in 2Q25:

| • | the R$ 32.9 million increase in depreciation and amortization, due to the larger asset base caused by the investment program carried out over the last 12 months;

| • | the reduction of R$ 61.4 million in the financial result, mainly due to the increase in expenses with charges and monetary variation, due to the increase in debt and the CDI (Copel's main debt indexer) in a higher interest rate environment; and

| • | the decrease in income tax and social contribution, basically due to lower financial results and higher depreciation, which reduced the tax base.

DisCo' Recurring Net Income in 2Q25 was R$ 145.2 million (27.7% lower than in 2Q24), impacted especially by the drop in the billed wire market and by the New Replacement Value (NRV), in addition to the highlights above.

Below are DisCo's main indicators:

12

|  |  |  |  |  | R$ million
Main Indicators | 2Q25 | 2Q24 | ∆% | 1H25 | 1H24 | ∆%
Net Operating Revenue (R$ million) | 4,556.2 | 4,152.7 | 9.7 | 8,860.9 | 8,203,7 | 8.0
Operating Costs and Expenses (R$ million) | (4,147.9) | (3,713.2) | 11.7 | (7,915.6) | (7,269.9) | 8.9
Operating Result (R$ million) | 211.5 | 304.3 | (30.5) | 556.2 | 655.3 | (15.1)
Net Profit (R$ million) | 153.0 | 207.9 | (26.4) | 385.4 | 449.8 | (14.3)
Recurring net profit (R$ million) | 149.0 | 203.4 | (26.7) | 377.4 | 438.8 | (14.0)
Ebitda (R$ million) | 581.0 | 579.4 | 0.3 | 1,285.7 | 1,215.2 | 5.8
Recurrent Ebitda (R$ million) | 569.3 | 566.1 | 0.6 | 1.262.2 | 1,182.9 | 6.7
Operating Margin | 4.6 % | 7.3 % | (37.0) | 6.3 % | 8.0 % | (21.3)
Net Margin | 3.4 % | 5.0 % | (32.0) | 4.3 % | 5.5 % | (21.8)
Ebitda margin | 12.8 % | 14.0 % | (8.6) | 14.5 % | 14.8 % | (2.0)
Adjusted Ebitda margin without NRV | 12.5 % | 13.6 % | (8.1) | 14.2 % | 14.4 % | (1.4)
Investment Program (R$ million) | 881.1 | 609.6 | 0.4 | 1,477.7 | 1,144.2 | 0.3

4.1.1 Regulatory Efficiency

DisCo recorded a Recurring Ebitda of R$ 2,670.5 million in the last 12 months, plus NRV, equivalent to an efficiency of R$ 800.8 million, 42.8% above the Regulatory Ebitda. The table below shows the reconciliation of Recurring Ebitda (LTM):

|  |  | R$ million
| Jun-23 | Jun-24 | Jun-25
Reported Ebitda (LTM) | 1,793.7 | 1,983.9 | 2,576.1
(-/+) Provision/Reversal of POS indemnity | (0.2) | 397.3 | 25.5
(-/+) Overcontracting | 90.7 | - | -
Recurrent LTM Ebitda | 1,884.2 | 2,381.2 | 2,670.5

Recurring Ebitda efficiency in the last 12 months

R$ mm

Note: Regulatory Ebitda is calculated based on the WACC values on the Remuneration Base + Special Obligations + PLPT/RGR, and QRR published in ANEEL's Technical Notes on the events of the Tariff Review or Adjustment.

4.2 Operational Performance

4.2.1 Grid Market (TUSD)

In the second quarter of 2025, electricity consumption in DisCo's grid market fell by 0.7% compared to the same period last year. This decline was mainly influenced by the milder temperatures observed throughout the period, which reduced demand for energy in the residential and commercial sectors. On the other hand, the industrial sector showed a positive performance, helping to mitigate the downturn in total consumption and showing the resilience of economic activity in Copel's concession area. The billed wire market, which considers energy compensated by Mini and Micro Distributed Generation (MMGD), fell by 2.6% in 2Q25 and 0.9% year-to-date.

4.2.2 Captive Market

The captive market recorded a 10.2% drop in electricity consumption in 2Q25 compared to the same period last year, mainly influenced by the milder temperatures which had a negative impact in the residential sector, and a 6.2% drop year-to-date. The billed captive market, which includes MMGD compensated energy, fell by 14.9% in 2Q25 and by 10.9% in the year to date.

4.2.3 Operational data

DisCo has a concession in force until 07.07.2045, whose service quality criteria (Equivalent Interruption Duration per Consumer Unit - DEC and Equivalent Interruption Frequency per Consumer Unit - FEC) are defined by Aneel.

Despite the severe weather events in the state of Paraná in recent months, the company has acted in a timely manner to re-establish the power supply and prevent vegetation on the network, which has contributed to maintaining the quality-of-service indices within the regulatory limits.

For DEC, the result for the last 12 months as of June 2025 was 7.49 hours, while for FEC, the result for the same period was 4.94 interruptions, both within the established regulatory limit.

13

Losses - Distribution losses can be defined as the difference between the electricity acquired by distributors and that billed to their consumers and are segmented as Technical and Non-Technical. Technical Losses are inherent to the activity of electricity distribution and Non-Technical Losses originate mainly from theft (clandestine connection, direct detour from the network), fraud (meter tampering or detour), reading, measurement and billing errors. At the end of June 2025, Technical Losses in the last 12 months were 2,291 GWh, compared to 2,230 GWh in the same period last year, and Non-Technical Losses were 716 GWh, compared to 874 GWh in the same period last year. Total losses over the last 12 months amounted to 3,007 GWh.

GWh - 12 Months | Jun-21 | Jun-22 | Jun-23 | Jun-24 | Jun-25*
Injected Energy | 33,996 | 35,063 | 35,459 | 38,545 | 39,591
Distribution losses | 2,693 | 2,694 | 2,697 | 3,104 | 3,007
Technical losses | 2,056 | 2,029 | 2,052 | 2,230 | 2,291
Non-technical losses | 637 | 665 | 645 | 874 | 716

*As established by the result of CP 09/2024 (DSP No. 1,220/2025)

Non-Technical Losses, calculated as the difference between total losses and technical losses, are largely associated with the concessionaire's management and the socio-economic characteristics of the concession areas. To this end, Copel maintains a Program to Combat Non-Technical Losses, through the following actions, among others:

| • | use of smart meter alarms to improve the performance of selected targets;

| • | improving actions to combat irregular procedures, improving the performance of targeted inspections;

| • | investments in the provision and/or acquisition of inspection equipment;

| • | preparing and carrying out specific training and retraining related to commercial losses;

| • | carrying out inspections on both medium and low voltage;

| • | educational notices in the press and messages on electricity bills;

| • | joint operations with the Civil Police and the Public Prosecutor's Office; and

| • | the opening of police investigations in regions where significant numbers of irregular procedures have been found.

The tariff transfer of efficient levels of losses is provided for in the concession contracts and these losses are included in energy purchase costs up to the regulatory limit stipulated by Aneel. DisCo has remained within the regulatory limits in recent tariff processes and in June 2025, total losses were 0.55% below the regulatory limit, influenced by the revision of targets resulting from the effects of CP 09/24.

14

| 5. Copel Comercialização S.A. - TradeCo |

5.1 Economic and Financial Performance

TradeCo reported recurring Ebitda of R$ 18.3 million in 2Q25, down 47.5% on the figure of R$ 34.9 million in 2Q24, mainly due to a reduction in the sales margin of approximately R$ 15.3 million.

The main adjustment in the quarter was the fair value of the energy purchase and sale contracts (mark-to-market), calculated as the difference between the contracted price and the future market price estimated by the company - which was positive by R$ 61.2 million in 2Q25 compared to a negative R$ 31 million in 2Q24, influenced mainly by the negative mark-to-market in the period, plus the change in the profile of the base contracts, the reduction in the NTN-B discount rate in the long term and the spread reduction in the Northeast submarket.

|  |  |  |  | R$ million |
Recurring Ebitda | 2Q25 | 2Q24 | ∆% | 1H25 | 1H24 | ∆% |
Ebitda | 79.5 | 3.8 | 1,977.1 | 107.4 | 21.6 | 396.0 |
(-/+) Fair value on the purchase and sale of energy | (61.2) | 31.0 | (297.4) | (67.9) | 43.9 | (254.7) |
Recurrent Ebitda | 18.3 | 34.9 | (47.5) | 39.5 | 65.5 | (39.8) |

Manageable costs, excluding provisions and reversals, increased by 40.2% in 2Q25, essentially influenced by the increase of around R$ 2.1 million in Other Operating Costs and Expenses, due to the costs of software rental, compulsory association contributions and renewable energy certification with the Energy Trading Chamber - CCEE, and an increase of R$ 1.2 million in personnel costs, partially offset by the reduction in third-party services costs, especially due to the end of communication and data processing contracts.

|  |  |  |  | R$ thousand |
Manageable Costs | 2Q25 | 2Q24 | ∆% | 1H25 | 1H24 | ∆% |
Staff and administrators | 5,183 | 3,895 | 33.1 | 8,836 | 7,561 | 16.9 |
Social security and assistance plans | 435 | 441 | (1.5) | 873 | 892 | (2.3) |
Material | (52) | 17 | (407.4) | 108 | 34 | 214.8 |
Third-party services | 959 | 1,661 | (42.2) | 2,007 | 2,406 | (16.6) |
Other operating costs and expenses | 2,464 | 397 | (0.1) | 3,791 | 2,563 | 47.8 |
TOTAL | 8,989 | 6,411 | 40.2 | 15,615 | 13,457 | 16.0 |

The personnel and administrators account, excluding the effects of the Voluntary Dismissal Program (PDV), performance bonuses (PPD) and profit sharing (PLR), increased by 17.6% in 2Q25, mainly due to the increase in the workforce as a result of the continuity of the TradeCo’s restructuring process.

|  |  |  |  |  | R$ thousand
Personnel costs | 2Q25 | 2Q24 | ∆% | 1H25 | 1H24 | ∆%
Staff and administrators | 5,183 | 3,895 | 33.1 | 8,836 | 7,561 | 16.9
(-/+) Profit sharing and PPD | (1,592) | (676) | 135.5 | (2,113) | (1,277) | 65.5
(-/+) Provision/Reversal of POS indemnity | (5) | (169) | (97.0) | - | (5,397) | -
TOTAL | 3,586 | 3,050 | 17.6 | 6,724 | 888 | 657.5

TradeCo posted recurring net income of R$ 17.5 million in 2Q25, down 41.1% on 2Q24, basically due to the operating performance already reported and the R$ 8.9 million drop in the financial result (down 13.9% on 2Q24), partially offset by the R$ 5.8 million decrease in recurring taxes due to the lower sales margin.

In the year to date, recurring net income was R$ 43.8 million, 31.8% lower than in the same period in 2024, also due to the lower sales margin (-200%) and the negative variation of 254.7% in the mark-to-market.

|  |  |  |  |  | R$ million
Main indicators | 2Q25 | 2Q24 | ∆% | 1H25 | 1H24 | ∆%
Net Operating Revenue (R$ million) | 1,131.2 | 829.3 | 36.4 | 2,087.5 | 1.689,0 | 23.6
Operating Costs and Expenses (R$ million) | (1,052.2) | (825.9) | 27.4 | (1,981.0) | (1,668.2) | 18.7
Operating Result (R$ million) | 88.0 | 13.7 | 540.4 | 126.1 | 40.1 | 214.6
Net Profit (R$ million) | 57.9 | 9.2 | 528.8 | 83.0 | 26.8 | 210.2
Recurring Net Profit (R$ million) | 17.5 | 29.7 | (41.1) | 43.8 | 64.3 | (31.8)
Ebitda (R$ million) | 79.5 | 3.8 | 1,977.1 | 107.4 | 21.6 | 396.0
Recurrent Ebitda (R$ million) | 18.3 | 34.8 | (47.4) | 39.5 | 65.5 | (39.8)
Operating margin | 7.8 % | 1.7 % | 369.5 | 6.0 % | 2.4 % | 154.6
Net Margin | 5.1 % | 1.1 % | 361.0 | 4.0 % | 1.6 % | 151.0
Ebitda margin | 7.0 % | 0.5 % | 1,422.8 | 5.1 % | 1.3 % | 301.3
Investment Program (R$ million) | 0.2 | 0.1 | - | 0.5 | 0.3 | (68.8)

5.2 Operational Performance

In the second quarter, the MWm sold for the five-year horizon fell by 7.6% compared to 2Q24 for the 2025-2029 period, especially because of a reduction in the sale of energy to free consumers (-5.5%).

15

Energy sold grew by 21.0% in 2Q25 compared to the same period in 2024, especially because of increased sales to traders under bilateral contracts (+36.0%). The graph shows TradeCo's evolution in terms of GWh sold, showing growth of 4.4%/year over the last 4 years.

|  | ∆% 2Q24/2Q25: | 21,0%

16

| 6. ESG performance |

6.1 ESG in Copel's strategy

Copel incorporates ESG (Environmental, Social and Governance) principles into its corporate strategy, basing its actions on the material issues identified through consultation with stakeholders, and on the guidelines established by the Sustainability Policy. Integrity is a transversal value that guides all the company's practices, reinforcing its commitment to ethics, transparency and compliance. This approach is complemented by voluntary commitments aligned with the Global Compact Principles and the UN Sustainable Development Goals (Agenda 2030).

Copel's priority SDGs

ESG in Copel's strategy aims to promote a systemic and broad culture of sustainability, originating with stakeholders, and the material themes guide programs and initiatives that generate shared value, minimize risks and enhance opportunities.

On the environmental side, decarbonization, climate adaptation and resilience, biodiversity and eco-efficiency are drivers for projects and initiatives, such as the Carbon Neutrality Plan, through which the company adopts measures to neutralize its direct carbon emissions by 2030. Copel invests in 100% renewable energy, researches alternative sources and reduces greenhouse gas emissions, reinforcing its commitment to combating climate change.

In the social field, the People pillar is central, with a focus on employee health and safety, human rights and diversity. Copel values the promotion of a healthy working environment, with a goal of zero fatal accidents, acting in a fair and inclusive way with employees and stakeholders, as well as strengthening engagement with communities.

In terms of governance, Copel adopts a structured and transparent approach, with emphasis on the Integrity Program, which is based on the Code of Conduct and aligned with the principles of the Global Compact. The program develops actions aimed at risk prevention, the promotion of an ethical culture and the continuous engagement of employees. The company also maintains robust risk management and internal controls, ensuring compliance with rules and regulations and strengthening governance at all organizational levels.

ESG performance is continuously monitored by external indicators and evaluations, such as [B]³'s ISE, S&P Global's CSA and CDP.

In this way, Copel integrates its strategy across the board, committed to sustainable development, generating value for society and strengthening corporate governance.

6.2 Recent highlights

| • | Corporate Sustainability Index (ISE [B]³): In 2025, Copel remains part of the portfolio of the Corporate Sustainability Index (ISE [B]³), of Brasil, Bolsa, Balcão, the Brazilian stock exchange. The ISE is an exclusive list of companies committed to sustainable development.

| • | Recognition in the Sustainability Yearbook 2025: Copel was included for the first time in the Sustainability Yearbook 2025, one of the most prestigious global corporate sustainability rankings. Prepared by S&P Global, the yearbook highlights companies with the best environmental, social and governance (ESG) practices.

| • | [B]³’s Carbon Efficient Index (ICO2): Once again, the company has been recognized as a benchmark in sustainability by being included in the [B]³’s Carbon Efficient Index (ICO2) portfolio. This recognition reinforces the company's position among the most efficient in managing greenhouse gas (GHG) emissions and solidifies its leadership in the Brazilian electricity sector, consolidating its commitment to the transition to a low-carbon economy.

| • | Carbon Clean 200: Copel stands out among the most sustainable companies in the world in the Carbon Clean 200 ranking, which brings together the 200 publicly traded companies with the highest revenue from clean sources. The company ranks 96th globally and is one of only eight Brazilian companies listed.

| • | Best of ESG Award: The company received the Best of ESG award in the Energy category, organized by Exame magazine. The recognition highlights sustainable and responsible practices, considering sectoral criteria and socio-environmental impacts.

| • | Solidarity Seal: Copel received the Solidarity Seal from the Government of Paraná in recognition of its social impact actions for the benefit of the population of Paraná. Established in 2023, the seal aims to encourage companies and organizations to promote social development throughout Paraná. The honor highlighted three programs: Aluno Energia, Iluminando Gerações and Cultivar Energia. With a history marked by pioneering social and environmental practices, the company reaffirms its commitment to social responsibility and sustainable development.

| • | Migration to B3's Novo Mercado: Copel's management proposed the migration to Novo Mercado, B3's highest level of corporate governance, with the aim of raising Copel's standards even further, in line with the best market practices.

| • | Publication of the Integrated Report: Copel published the 2024 Integrated Report, which details its ESG actions and highlights its commitment to sustainable and responsible practices, reaffirming its dedication to caring for the environment, social responsibility and corporate governance. The report, prepared in accordance with the best international transparency and governance practices, follows the standards of the Global Reporting Initiative (GRI) international standard and is an essential reference for stakeholders, serving as a basis for external evaluations that analyze the performance of companies in terms of sustainability.

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6.3 Indicators

Regarding the scope 1 GHG indicator (tCO2), the data refers to direct greenhouse gas emissions from Copel's operations (thermal power plant, fleet, soil change and fugitive emissions). The 2024 data was verified by third parties. GHG emissions are calculated every six months.

Environmental Indicator | Achieved
2023 | 2024 | Δ% | 1Q25 | 2Q25 | Δ%
Renewable sources (% Installed Capacity) | 94.06 | 94.07 | - | 100.00 | 100.00 | -
Renewable sources (% of energy generated) | 99.86 | 99.97 | 0.1 | 100.00 | 100.00 | -
Scope 1 GHG emissions (tCO2)¹ | 81,690.3 | 17,318.0 | (78.8) | - | - | -
Scope 2 GHG emissions (tCO2)² | 148,798.7 | 229,169.5 | - | - | - | -
¹Scope 1 refers to direct greenhouse gas emissions from Copel's operations (thermal power plant, fleet, soil change and fugitive emissions) - data for 2024 was verified by a third party. GHG emissions are calculated every six months.
²Scope 2 refers to indirect greenhouse gas emissions from Copel's operations (electricity consumption and loss) - GHG emissions are calculated every six months.

Social Indicator | Achieved
2023 | 2024 | Δ% | 1Q25 | 2Q25 | Δ%
Women at Copel (% Own Employees) | 21.7 | 21.9 | 1.1 | 22.3 | 22.1 | (0.9)
Women at Copel (% of third-party employees) | 11.7 | 14.0 | 19.4 | 16.0 | 16.6 | 3.8
Accident Frequency Rate - TFIFR (% Own Employees) | 1.4 | 2.0 | 40.7 | 1.6 | 1.3 | (22.1)
Accident Frequency Rate - TFIFR (% Third Party Employees) | 4.9 | 3.9 | (20.4) | 4.2 | 3.0 | (28.0)
TFIFR: Lost-time injury frequency rate. This rate represents, in relation to one million man-hours of exposure to risk, the number of contractors involved in accidents with time off work or fatal cases during the period in question.
ABNT - NBR 14280: 2001

Governance Indicator | Realized
2023 | 2024 | Δ% | 1Q25 | 2Q25 | Δ%
Women in leadership positions (%) | 21.8 | 22.1 | 1.4 | 22.6 | 20.3 | (10.2)
Women on the Board of Directors (%) | 11.1 | 11.1 | - | 11.1 | 11.1 | -
Independent directors (%) | 88.8 | 88.8 | - | 88.8 | 88.8 | -
Complaints Resolved by the Complaints Channel (%)* | 82.7 | 82.0 | (0.8) | 51.0 | 66.0 | 29.4
*The indicator considers the completion of investigations in the period analyzed/year, the Company analyzes 100% of the complaints received.

6.4 Evaluations, Ratings and Indexes

Index |  |  |  |  |  |
Ranking | 82.47% 19th position | CSA Score 70 | B | Yes | Medium Risk | A
Reference Year | 2025 | 2024 | 2024 | 2024 | 2023 | 2024

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| 7. Other highlights |

Optimal Capital Structure and New Dividend Policy

On May 8, 2025, the Company approved the Optimal Capital Structure and the New Dividend Policy, reinforcing the balanced and sustainable distribution of profits, valuing the return to shareholders, financial solidity, liquidity and investment opportunities.

The Optimal Capital Structure considers financial leverage to be 2.8x, measured by net debt/Ebitda, with a tolerance of 0.3X more (3.1x) or less (2.5x), if there is convergence within 24 months to the center of the range (2.8X).

The New Dividend Policy will provide more transparency and predictability in the financial flow to shareholders, establishing that the annual amount of dividends will consider financial parameters defined at the end of each fiscal year, in line with the capital structure guidelines, a minimum of 75% of Net Income and a minimum payment frequency of twice a year.

For more information, access the Dividend Policy.

Fitch Reaffirms 'AAA(bra)' Rating for Copel and its Subsidiaries

On May 19, 2025, the rating agency Fitch Ratings reaffirmed the 'AAA (bra)' Long-Term rating of Copel and its wholly owned subsidiaries GenCo, DisCo and Copel Serviços, the highest possible on Fitch's scale. At the same time, the perspective for the corporate ratings was maintained stable. The company's solid business profile, with important and profitable energy generation, transmission and distribution assets, which contribute to diluting operational and regulatory risks, stand out as relevant points in the rating.

Copel Innovation Week

Copel Innovation Week took place from May 19 to 21, 2025, an event that promotes a culture of innovation as a driver of transformation at the company. The initiative featured panels and lectures by experts from the national market in innovation and digital transformation and is committed to collaborative innovation, connecting employees, startups, companies and universities in the co-creation of solutions focused on strategic themes such as digitalization, artificial intelligence and process automation. During the event, the Copel Innovation Challenge was launched, seeking solutions aimed at efficiency and cost reduction using artificial intelligence and new technologies. The challenge is part of Copel Beyond, our largest digital transformation program, with a focus on efficiency, digitalization and productivity.

Closing of the Asset Swap with Eletrobras

On May 30, 2025, GenCo concluded the asset swap with Eletrobras, consolidating in its portfolio its entire holdings in the Mauá Hydroelectric Power Plant and the MSG transmission company, while fully transferring its stake in the Colíder Hydroelectric Power Plant to Eletrobras. The operation involved a cash payment of R$ 196.6 million to Eletrobras, with a total disbursement value of R$ 365.0 million, initially stipulated in the terms of the operation. The action reinforces Copel's strategy of optimizing assets and generating value for shareholders.

For more information, access Material Fact 03/25.

Copel's CEO recognized as Value Executive 2025 in the Energy Category

On June 16, 2025, Daniel Pimentel Slaviero, the Company's CEO, received the award for Value Executive 2025 in the Energy category, an award promoted by the Valor Econômico newspaper. This recognition reinforces the importance of Copel's strategic transformation, highlighting its consistent leadership and commitment to excellence. The award reflects the merit of the company's CEO and the collective effort of its employees.

DisCo's tariff adjustment

On June 24, 2025, DisCo's new tariff composition was applied, with an adjustment approved by the National Electric Energy Agency - Aneel, whose average effect to be perceived by consumers was 2.02%.

For more information, access Notice to the Market 13/25.

Adjustment of Annual Permitted Revenues for the 2025-2026 Cycle

Through the Homologation Resolution No. 3,481/2025, Aneel established the Annual Permitted Revenues (APRs) for electricity transmission assets for the 2025-2026 cycle, effective as of July 1, 2025. According to Technical Note no. 141/2025, the APR for GenCo and its stakes will be R$ 1,811.2 million, an increase of 13.6%, already considering 100% of the stake in MSG and the effects of the reduction in the financial component of RBSE. Disregarding the acquisition of 49.9% of MSG's stake, the increase would be 3.0%.

For more information, access Notice to the Market 14/25.

Closing of Small Asset Divestments

On June 10, 2025, the Company closed the Cavernoso I and II SHPs, with an installed capacity of 20.3 MW, receiving R$ 124.5 million (27.0% of the total transaction), after fulfilling all the conditions precedent relating to the assets involved in the operation. With this, the company completed 83.0% of the total divestment of the assets that make up the transaction (Blocks 1 and 2), presented in the teaser, and which correspond to 98.7 MW of installed capacity.

The value of the divestment of UTE Figueira (Block 3) will be received in accordance with the usual conditions precedent established in the Share Purchase Agreement (CCVA).

In line with Copel's strategy of concentrating its efforts on larger assets, the purpose of the divestment was to bring operational efficiency gains to GenCo's portfolio and to optimize the company's capital allocation, as well as to allow the redeployment of trained professionals to more relevant assets.

Migration to [B]³'s Novo Mercado

The Board of Directors – CAD approved the proposal for the Company's migration to the Novo Mercado, a special listing segment of [B]³ S.A. – Brazil, Stock Exchange, Over-the-Counter Market, in accordance with per Material Facts 04/25 and 06/25 and the Management Proposal filed with the CVM. The implementation of the migration is subject to approval at an Extraordinary General Meeting (EGM), ratification of the conversion of preferred shares into common shares at a special meeting of preferred shareholders, consent from creditors whose financial instruments foresee early maturity of the Company's or its subsidiaries' debts, and the admission of the Company's shares for trading in the Novo Mercado.

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The EGM, originally convened to deliberate on the matter on August 04, 2025, was postponed for 15 days following a request from the CVM, formalized via official correspondence sent to Copel and disclosed in Material Fact 07/25.

Copel awarded for innovation in Operational Cybersecurity

Copel was recognized at the UTCAL Summit 2025 for the project to modernize the operational network of its substations, with a focus on cybersecurity and reliability in data communication between energy generation, transmission and distribution. The initiative covers around 430 substations in Paraná and is currently being implemented, with completion scheduled for 2025. With an estimated investment of R$ 120 million, the new OT (+Trusted +Protected +Integrated) network, unprecedented in the Brazilian electricity sector, includes the installation of equipment such as routers, firewalls, sensors and vulnerability detection tools, integrated into the security operations center.

The initiative is expected to generate estimated annual savings of R$ 24 million, strengthen protection against cyber-attacks and promote advances in service quality, asset management and operational efficiency.

Copel awarded by Aneel for excellence in the Ombudsman's Office

On June 25, 2025, for the third consecutive year, Copel won first place in the Aneel Ombudsman Award in the category of distributors with more than one million customers. The award, held during the 22nd National Meeting of Electricity Sector Ombudsmen, recognizes companies with the best complaint resolution rates, speed of response and service structure. Since the award began in 2017, Copel has won five times. The recognition reinforces Copel's commitment to customer experience and satisfaction.

10th Issue of DisCo Debentures

On July 15, 2025, DisCo carried out its 10th issuance of simple debentures, in three series, not convertible into shares, totaling R$ 3,000,000, with Copel Holding acting as the intervening guarantor. The 1st series matures on July 15, 2030 and offers remuneration of CDI + 0.43%, the 2nd series matures on July 15, 2032 with remuneration of CDI + 0.58%, and the 3rd series matures on July 15, 2037 with remuneration of IPCA + 6.9543%. The funds will be used for future payments related to investments or reimbursement of investments in the improvement, renewal, reinforcement, or expansion of electricity distribution assets.

Disclaimer

Information contained in this document may include future considerations and reflects management's current perception and perspectives on the evolution of the macroeconomic environment, industry conditions, the Company's performance and financial results. Any statements, expectations, capabilities, plans and assumptions contained in this document that do not describe historical facts, such as information regarding the declaration of dividend payments, the future direction of operations, the implementation of relevant operating and financial strategies, the investment program, factors or trends affecting the financial condition, liquidity or results of operations are forward-looking statements of significance under the U.S. Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. There can be no assurance that such results will occur. The statements are based on various factors and expectations, including economic and market conditions, industry competitiveness and operational factors. Any changes in such expectations and factors could cause actual results to differ materially from current expectations.

Investor Relations

ri@copel.com

Telephone: (41) 3331-4011

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21

Exhibit I - CONSOLIDATED RESULTS > INCOME STATEMENT

|  |  |  |  |  | R$ '000
Income Statement | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ%
OPERATING REVENUES | 6,225,154 | 5,479,266 | 13.6 | 12,117,240 | 10,896,264 | 11.2
Electricity sales to final customers | 1,912,016 | 2,079,469 | (8.1) | 4,104,115 | 4,284,934 | (4.2)
Electricity sales to distributors | 1,140,733 | 726,606 | 57.0 | 2,115,673 | 1,466,836 | 44.2
Use of the main distribution and transmission grid | 1,531,656 | 1,667,928 | (8.2) | 3,459,679 | 3,473,212 | (0.4)
Construction revenue | 842,770 | 674,322 | 25.0 | 1,482,460 | 1,247,969 | 18.8
Fair value of assets from the indemnity for the concession | 11,726 | 13,307 | (11.9) | 35,742 | 32,277 | 10.7
Result of Sectorial financial assets and liabilities | 577,183 | 199,893 | 188.7 | 562,727 | 145,476 | 286.8
Other operating revenues | 209,070 | 117,741 | 77.6 | 356,844 | 245,560 | 45.3
OPERATING COSTS AND EXPENSES | (5,067,863) | (4,611,582) | 9.9 | (9,678,833) | (9,075,134) | 6.7
Electricity purchased for resale | (2,563,409) | (2,012,934) | 27.3 | (4,815,762) | (3,986,401) | 20.8
Charge of the main distribution and transmission grid | (710,578) | (760,284) | (6.5) | (1,393,101) | (1,508,358) | (7.6)
Personnel and management | (242,352) | (284,823) | (14.9) | (491,574) | (578,696) | (15.1)
Pension and healthcare plans | (58,015) | (66,721) | (13.0) | (118,952) | (135,697) | (12.3)
Materials and supplies | (21,913) | (21,691) | 1.0 | (44,914) | (40,143) | 11.9
Materials and supplies for power eletricity | - | - | - | - | (936) | -
Third-party services | (278,689) | (253,965) | 9.7 | (561,010) | (498,066) | 12.6
Depreciation and amortization | (361,211) | (356,155) | 1.4 | (716,231) | (720,783) | (0.6)
Provisions and reversals | (83,934) | (73,555) | 14.1 | (154,445) | (159,576) | (3.2)
Construction cost | (840,991) | (672,725) | 25.0 | (1,476,182) | (1,243,649) | 18.7
Other cost and expenses | 93,229 | (108,729) | (185.7) | 93,338 | (202,829) | (146.0)
EQUITY IN EARNINGS OF SUBSIDIARIES | 64,256 | 80,545 | (20.2) | 164,672 | 162,188 | 1.5
PROFIT BEFORE FINANCIAL RESULTS AND TAXES | 1,221,547 | 948,229 | 28.8 | 2,603,079 | 1,983,318 | 31.2
FINANCIAL RESULTS | (401,861) | (289,685) | 38.7 | (848,386) | (557,859) | 52.1
Financial income | 375,312 | 274,376 | 36.8 | 672,952 | 526,037 | 27.9
Financial expenses | (777,173) | (564,061) | 37.8 | (1,521,338) | (1,083,896) | 40.4
OPERATIONAL EXPENSES/ INCOME | 819,686 | 658,544 | 24.5 | 1,754,693 | 1,425,459 | 23.1
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (246,122) | (195,479) | 25.9 | (516,462) | (430,204) | 20.1
Income tax and social contribution on profit | 76,677 | 4,229 | 1,713.1 | (152,305) | (142,437) | 6.9
Deferred income tax and social contribution on profit | (322,799) | (199,708) | 61.6 | (364,157) | (287,767) | 26.5
NET INCOME continuing operations | 573,564 | 463,065 | 23.9 | 1,238,231 | 995,255 | 24.4
NET INCOME discontinued operations | - | 10,509 | - | - | 11,862 | -
NET INCOME | 573,564 | 473,574 | 21.1 | 1,238,231 | 1,007,117 | 22.9
Attributed to the controlling company's shareholders - continuing operations | 572,140 | 475,681 | 20.3 | 1,237,648 | 1,014,879 | 22.0
Attributed to the controlling company's shareholders - discontinued operations | - | (3,599) | - | - | (11,414) | -
Attributed to non-controlling shareholders- continuing operations | 1,424 | (6,803) | (120.9) | 583 | (8,316) | (107.0)
Attributed to non-controlling shareholders- discontinued operations | - | 8,295 | - | - | 11,968 | -
EBITDA continued operations | 1,582,758 | 1,304,384 | 21.3 | 3,319,310 | 2,704,101 | 22.8

22

Exhibit I - CONSOLIDATED RESULTS > BALANCE SHEET

R$'000 |  | R$'000
Assets | Jun-25 | Dec-24 | Δ% |  | Liabilities | Jun-25 | Dec-24 | Δ%
CURRENT | 12,093,928 | 13,041,808 | (7.3) |  | CURRENT | 10,659,414 | 10,342,380 | 3.1
Cash and cash equivalents | 2,835,585 | 4,161,939 | (31.9) |  | Payroll, social charges and accruals | 290,159 | 411,102 | (29.4)
Bonds and securities | 68,504 | 623 | 10,895.8 |  | Suppliers | 2,693,751 | 2,324,423 | 15.9
Collaterals and escrow accounts | 1,650 | 9 | 18,233.3 |  | Income tax and social contribution payable | 56,026 | 83,482 | (32.9)
Customers | 3,753,907 | 3,962,702 | (5.3) |  | Other taxes due | 288,418 | 302,345 | (4.6)
Dividends receivable | 95,362 | 82,278 | 15.9 |  | Loans and financing | 737,939 | 1,231,205 | (40.1)
Sectorial financial assets | - | - | - |  | Debentures | 2,929,831 | 2,025,110 | 44.7
Account receivable related to concession | 12,652 | 10,609 | 19.3 |  | Minimum compulsory dividend payable | 4,874 | 3,878 | 25.7
Contract Assets | 639,661 | 283,896 | 125.3 |  | Post employment benefits | 102,124 | 95,383 | 7.1
Fair value in energy purchase and sale operations | 312,284 | 217,350 | 43.7 |  | Customer charges due | 97,955 | 44,825 | 118.5
Other current receivables | 1,064,653 | 949,674 | 12.1 |  | Research and development and energy efficiency | 97,829 | 179,149 | (45.4)
Inventories | 164,537 | 136,324 | 20.7 |  | Accounts Payable related to concession | 133,002 | 113,092 | 17.6
Income tax and social contribution | 483,365 | 296,128 | 63.2 |  | Net sectorial financial liabilities | 1,803,749 | 935,322 | 92.8
Other current recoverable taxes | 785,951 | 994,618 | (21.0) |  | Lease liability | 64,798 | 57,502 | 12.7
Prepaid expenses | 57,165 | 63,211 | (9.6) |  | Fair value in energy purchase and sale operations | 305,200 | 214,955 | 42.0
Related parties | - | 621 | - |  | Other accounts payable | 863,449 | 1,199,195 | (28.0)
Assets held for sale | 1,818,652 | 1,881,826 | (3.4) |  | PIS and COFINS to be refunded to costumers | - | - | -
NON-CURRENT | 48,648,109 | 44,342,348 | 9.7 |  | Provision for allocation of Pis and Cofins credits | - | 580,000 | -
Long Term Assets | 19,326,290 | 15,315,121 | 26.2 |  | Provisions for litigation | - | - | -
Bonds and securities | 529,085 | 490,732 | 7.8 |  | Liabilities associated with assets held for sale | 190,310 | 541,412.0 | (64.8)
Other temporary investments | 30,603 | 31,728 | (3.5) |  | NON-CURRENT | 24,523,768 | 21,404,841 | 14.6
Customers | 116,180 | 105,259 | 10.4 |  | Payroll, social charges and accruals | 1,867 | 457 | 308.5
Judicial deposits | 394,364 | 634,712 | (37.9) |  | Suppliers | 130,942 | 142,380 | (8.0)
Sectoral financial assets | - | 15,473 | (100.0) |  | Deferred income tax and social contribution | 2,076,540 | 1,895,459 | 9.6
Account receivable related to concession | 3,497,351 | 2,809,901 | 24.5 |  | Other taxes due | 266,317 | 291,195 | (8.5)
Contract Assets | 6,927,010 | 7,320,445 | (5.4) |  | Loans and financing | 3,236,487 | 3,387,589 | (4.5)
Fair value in energy purchase and sale operations | 479,938 | 722,423 | (33.6) |  | Debentures | 12,983,621 | 10,602,255 | 22.5
Other non-current receivables | 681,846 | 130,917 | 420.8 |  | Post employment benefits | 1,072,798 | 1,063,326 | 0.9
Income tax and social contribution | 164,043 | 68,003 | 141.2 |  | Research and development and energy efficiency | 294,029 | 241,294 | 21.9
Deferred income tax and social contribution | 1,174,175 | 1,757,688 | (33.2) |  | Accounts Payable related to concession | 983,268 | 992,252 | (0.9)
Other non-current recoverable taxes | 1,320,526 | 2,256,156 | (41.5) |  | Net sectorial financial liabilities | - | 142,488 | -
Prepaid expenses | 985 | - | - |  | Lease liability | 261,172 | 271,004 | (3.6)
Investments | 2,902,571 | 3,577,937 | (18.9) |  | Fair value in energy purchase and sale operations | 220,918 | 170,837 | 29.3
Property, plant and equipment, net | 8,371,629 | 8,516,697 | (1.7) |  | Other accounts payable | 201,865 | 247,021 | (18.3)
Intangible assets | 17,749,062 | 16,623,610 | 6.8 |  | PIS and COFINS to be refunded to costumers | - | - | -
Right to use an asset | 298,557 | 308,983 | (3.4) |  | Provision for allocation of Pis and Cofins credits | 761,908 | 1,000,588 | (23.9)
TOTAL | 60,742,037 | 57,384,156 | 5.9 |  | Provisions for litigation | 2,032,036 | 956,696 | 112.4
|  |  |  |  | EQUITY | 25,558,855 | 25,636,935 | (0.3)
|  |  |  |  | Attributed to controlling shareholders | 25,596,150 | 25,674,718 | (0.3)
|  |  |  |  | Share capital | 12,821,758 | 12,821,758 | -
|  |  |  |  | Capital reserves | 9,459 | 5,595 | 69.1
|  |  |  |  | Equity valuation adjustments | 489,080 | 517,408 | (5.5)
|  |  |  |  | Treasury shares | (120,084) | (50,044) | 140.0
|  |  |  |  | Legal reserves | 1,766,110 | 1,766,110 | -
|  |  |  |  | Tax incentives reserves | 4,551 | - | -
|  |  |  |  | Retained earnings | 9,363,866 | 9,363,866 | -
|  |  |  |  | Proposed additional dividend | - | 1,250,025 | (100.0)
|  |  |  |  | Accrued earnings | 1,261,410 | - | -
|  |  |  |  | Attributable to non-controlling interest | (37,295) | (37,783) | (1.3)
|  |  |  |  | TOTAL | 60,742,037 | 57,384,156 | 5.9

23

Exhibit I - CONSOLIDATED RESULTS > CASH FLOW

|  | R$'000
| 06/30/25 | 06/30/24
CASH FLOWS FROM OPERATIONAL ACTIVITIES
Net income from continuing operations | 1,238,231 | 995,255
Adjustments to reconcile net income for the period with cash generation from operating activities: | 2,635,914 | 2,817,962
Unrealized monetary and exchange variation and debt charges - net | 1,343,542 | 1,009,114
Interest - bonus from the grant of concession agreements under the quota system | (66,137) | (62,556)
Remuneration of transmission concession contracts | (329,669) | (385,277)
Income tax and social contribution | 152,305 | 142,437
Deferred income tax and social contribution | 364,157 | 287,767
Equity in earnings of investees | (164,672) | (162,188)
Appropriation of post-employment benefits obligations | 116,829 | 131,006
Creation for research and development and energy efficiency programs | 95,448 | 87,284
Recognition of fair value of assets from the indemnity for the concession | (35,742) | (32,277)
Sectorial financial assets and liabilities result | (620,085) | (160,304)
Depreciation and amortization | 716,231 | 720,783
Provision from the voluntary dismissal program | 20,979 | -
Long-term incentives | 3,864 | -
Net operating estimated losses, provisions and reversals | 154,445 | 159,576
Realization of added value in business combinations | (361) | (362)
Fair value in energy purchase and sale operations | (67,899) | 43,881
Loss on disposal of accounts receivable related to concession | 1,854 | 299
Loss on disposal of contract assets | 4,516 | 6,684
Loss on disposal of property, plant and equipment | 1,074 | 7,068
Loss on disposal of intangible assets | 42,894 | 29,824
Result of write-offs of use rights of assets and liabilities of leases - net | - | (52)
Assets disposal results | (320,927) | -
Others | (14,963) | -
Decrease (increase) in assets | 564,551 | 698,494
Trade accounts receivable | 601,922 | 553,950
Dividends and interest on own capital received | 143,243 | 144,054
Judicial deposits | 25,037 | 6,345
Sectorial financial assets | 141,256 | 52,536
Other receivables | (80,361) | (20,805)
Inventories | (28,213) | 14,390
Income tax and social contribution recoverable | (203,841) | (101,352)
Other taxes recoverable | (40,222) | 40,483
Prepaid expenses | 5,109 | 8,391
Related parties | 621 | 502
Increase (decrease) in liabilities | (332,046) | (565,053)
Payroll, social charges and accruals | (88,006) | (9,207)
Related parties | - | -
Suppliers | 149,882 | (21,301)
Other taxes | 475,590 | 282,923
Post-employment benefits | (100,616) | (112,452)
Sectorial charges due | 53,130 | (10,868)
Research and development and energy efficiency | (136,662) | (169,673)
Payable related to the concession | (56,796) | (54,979)
Other accounts payable | (511,043) | (311,691)
Provisions for legal claims | (117,525) | (157,805)
CASH GENERATED BY OPERATING ACTIVITIES | 2,868,419 | 2,951,403
Income tax and social contribution paid | (179,761) | (223,618)
Loans and financing - interest due and paid | (244,568) | (241,765)
Debentures - interest due and paid | (688,758) | (546,795)
Charges for lease liabilities paid | (16,786) | (14,801)
Charges on loans granted/obtained from related parties | - | -
NET CASH GENERATED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS | 1,738,546 | 1,924,424
NET CASH GENERATED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS | - | (37,565)
NET CASH GENERATED FROM OPERATING ACTIVITIES | 1,738,546 | 1,886,859
CASH FLOWS FROM INVESTMENT ACTIVITIES
Financial investments | (5,867) | (5,698)
Loans and financing granted to related parties | - | -
Receipt of loans and financing granted to related parties | - | -
Additions to contract assets | (1,374,321) | (1,128,187)
Acquisitions of subsidiaries - effect on cash | (190,433) | -
Acquisitions in investments | (1,060,804) | -
Sale of investments | 434,502 | 2,066
Additions in investments | - | -
Capital reduction of investees | - | 37,129
Additions to property, plant and equipment | (53,820) | (62,095)
Sale of property, plant and equipment | - | -
Additions to intangible assets | (17,508) | (5,517)
NET CASH USED BY INVESTMENT ACTIVITIES FROM CONTINUING OPERATIONS | (2,268,251) | (1,162,302)
NET CASH USED BY INVESTMENT ACTIVITIES FROM DISCONTINUED OPERATIONS | - | (15,791)
NET CASH USED FROM INVESTING ACTIVITIES | (2,268,251) | (1,178,093)
CASH FLOWS FROM FINANCING ACTIVITIES
Issue of loans and financing | - | -
Transaction costs in the issuing of loans and financing | - | -
Issue of debentures | 2,000,000 | 2,320,000
Transaction costs in the issuing of debentures | (22,632) | (55,612)
Payments of principal - loans and financing | (630,854) | (131,999)
Payments of principal - debentures | (781,958) | (576,183)
Amortization of principal of lease liabilities | (32,558) | (33,840)
Capital increase | - | -
Transaction costs in the capital increase | - | -
Buyback of own shares | (70,040) | -
Dividends and interest on own capital paid | (1,249,032) | (586,261)
NET CASH GENERATED (USED) BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS | (787,074) | 936,105
NET CASH GENERATED (USED) BY FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS | - | (50,410)
NET CASH GENERATED (USED) FROM FINANCING ACTIVITIES | (787,074) | 885,695
TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS | (1,316,779) | 1,594,461
Cash and cash equivalents at the beginning of the period | 4,161,939 | 5,634,623
Cash and cash equivalents at the end of the period | 2,835,585 | 7,330,747
Change in cash and cash equivalents from discontinued operations | 9,575 | (101,663)
CHANGE IN CASH AND CASH EQUIVALENTS | (1,316,779) | 1,594,461

24

Exhibit I - CONSOLIDATED RESULTS > ADJUSTED EBITDA AND FINANCIAL RESULT

|  |  |  | R$'000
RECURRING EBITDA | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ%
EBITDA | 1,582.8 | 1,304.4 | 21.3 | 3,319.3 | 2,704.1 | 22.8
(-/+) Fair value in the purchase and sale of energy | (61.2) | 31.0 | (297.4) | (67.9) | 43.9 | (254.7)
(-/+) Provision (reversal) Incentive Dismissal Program | - | - | - | 21.0 | - | -
(-/+) Assets disposal /swap | (200.6) | - | - | (310.4) | - | -
(-/+) Ebitda from discontinued Op. Compagas and UEGA | - | 17.2 | (100.0) | - | 38.4 | (100.0)
(-/+) Equity Income | (64.3) | (80.5) | (20.1) | (164.7) | (162.2) | 1.5
(-/+)NRV | (11.7) | (13.3) | (12.0) | (35.7) | (32.3) | 10.5
(+/-)Difference in Revenue from Corporate/Regulatory Transfer (see item 3.1.1) | 90.0 | 22.2 | 305.4 | 76.6 | 20.0 | 283.0
RECURRING EBITDA | 1,335.0 | 1,281.0 | 4.2 | 2,838.2 | 2,611.8 | 8.7
|  |  |  |  |  | R$'000
| 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ%
Financial Revenues | 375,312 | 274,376 | 36.8 | 672,952 | 526,037 | 27.9
Income from investments held for trading | 189,453 | 175,056 | 8.2 | 344,066 | 331,486 | 3.8
Late fees on electricity bills | 84,809 | 56,277 | 50.7 | 163,559 | 103,177 | 58.5
Monetary restatement and adjustment to present value of accounts payable related to concession | 26,588 | 492 | 5,304.1 | 34,352 | 17,074 | 101.2
Income from sectorial assets and liabilities | 13,578 | 31,272 | (56.6) | 15,942 | 35,514 | (55.1)
Exchange variation About Purchase Itaipu Electric Power | - | - | - | - | - | -
Interest on taxes to be compensated | 39,894 | 8,334 | 378.7 | 83,307 | 18,442 | 351.7
Income and monetary restatement of judicial deposits | 10,393 | 7,090 | 46.6 | 21,827 | 16,257 | 34.3
Other financial revenues | 25,586 | 7,286 | 251.2 | 38,692 | 25,278 | 53.1
(-) Pis/Pasep and Cofins on revenues | (14,989) | (11,431) | 31.1 | (28,793) | (21,191) | 35.9
Financial Expenses | (777,173) | (564,061) | 37.8 | (1,521,338) | (1,083,896) | 40.4
Monetary variation, foreign exchange and debt service charges | (609,220) | (405,671) | 50.2 | (1,213,710) | (832,692) | 45.8
Monetary variation and adjustment to present value of accounts payable related to concession | (39,346) | (39,786) | (1.1) | (87,745) | (72,185) | 21.6
Exchange variation About Purchase Itaipu Electric Power | - | - | - | - | - | -
Pis/ Pasep and Cofins taxes over interest on equity | (56) | (22,262) | (99.7) | (56) | (27,812) | (99.8)
Income from sectorial assets and liabilities | (63,416) | (28,598) | 121.7 | (77,774) | (33,027) | 135.5
Interest on R&D and PEE | (6,037) | (5,882) | 2.6 | (11,609) | (11,115) | 4.4
Interest on tax installments | (4,493) | (6,913) | (35.0) | (13,172) | (14,463) | (8.9)
Interest on lease liabilities | (8,474) | (7,692) | 10.2 | (16,954) | (14,780) | 14.7
Monetary variation of litigation | (16,313) | (14,620) | 11.6 | (32,296) | (31,346) | 3.0
Other financial expenses | (8,822) | (28,892) | (69.5) | (22,157) | (41,747) | (46.9)
Uptade of provision for allocation of Pis and Cofins credits | (20,996) | (3,745) | 460.6 | (45,865) | (4,729) | 869.9
Financial income (expenses) | (401,861) | (289,685) | 38.7 | (848,386) | (557,859) | 52.1

25

Exhibit I - CONSOLIDATED RESULTS > EQUITY IN EARNINGS OF SUBSIDIARIES AND INDICATORS

|  |  |  |  |  |  |  | R$'000
Variation in Equity in earnings of subsidiaries |  | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ%
Joint Ventures |  |  | 58,212 | 76,554 | (24.0) | 153,629 | 154,021 | (0.3)
Voltalia São Miguel do Gostoso I Participações S.A. |  |  | (2,467) | (607) | 306.4 | (4,101) | (4,845) | (15.4)
Caiuá Transmissora de Energia S.A. |  |  | 5,009 | 2,996 | 67.2 | 9,205 | 6,413 | 43.5
Integração Maranhense Transmissora de Energia S.A. |  |  | 4,735 | 4,773 | (0.8) | 11,519 | 9,764 | 18.0
Matrinchã Transmissora de Energia (TP NORTE) S.A. |  |  | 17,733 | 24,973 | (29.0) | 48,660 | 47,347 | 2.8
Guaraciaba Transmissora de Energia (TP SUL) S.A. |  |  | 8,302 | 9,629 | (13.8) | 22,298 | 22,535 | (1.1)
Paranaíba Transmissora de Energia S.A. |  |  | 7,720 | 7,408 | 4.2 | 17,106 | 15,394 | 11.1
Mata de Santa Genebra Transmissão S.A. |  |  | 7,485 | 16,874 | (55.6) | 23,057 | 34,377 | (32.9)
Cantareira Transmissora de Energia S.A. |  |  | 9,551 | 10,481 | (8.9) | 25,620 | 22,957 | 11.6
Solar Paraná |  |  | 144 | 27 | 433.3 | 265 | 79 | 235.4
Associates |  |  | (38,828) | 3,991 | (1,072.9) | 11,043 | 8,167 | 35.2
Dona Francisca Energética S.A. |  |  | (31,555) | 1,042 | (3,128.3) | 3,170 | 2,522 | 25.7
Foz do Chopim Energética Ltda. |  |  | (7,273) | 2,949 | (346.6) | 7,873 | 5,647 | 39.4
Carbocampel S.A. |  |  | - | - | - | - | (2) | -
TOTAL |  |  | 19,384 | 80,545 | (75.9) | 164,672 | 162,188 | 1.5
|  |  |  |  |  |  |  | R$'000
Main Indicators -Associates Jun-25 |  |  |  |  | Dona Francisca | Foz do Chopim
Total assets |  |  |  |  |  | 172,634 |  | 43,337
Shareholder’s equity¹ |  |  |  |  |  | 158563 |  | 40,008
Net operating revenue |  |  |  |  |  | 33,119 |  | 31,937
Net Income |  |  |  |  |  | 13,762 |  | 22,008
Participation in the enterprise - % |  |  |  |  |  | 23.03 |  | 35.77
Investment book value |  |  |  |  |  | 36,517 |  | 14,311
|  |  |  |  |  |  |  | R$'000
Main Indicators -Joint ventures Jun-25 | Voltalia | Caiuá | Integração Maranhense | Matrinchã | Guaraciaba | Paranaíba | Cantareira |
Total assets | 229,023 | 345,323 | 632,722 | 3,308,285 | 1,697,150 | 2,008,501 | 1,908,677 |
Shareholder’s equity¹ | 228,826 | 252,880 | 407,916 | 2,325,790 | 1,135,759 | 1,139,802 | 838,422 |
Net operating revenue | - | 17,926 | 27,439 | 122,459 | 67,816 | 111,587 | 91,216 |
Net Income | (8,997) | 16,630 | 18,890 | 65,272 | 29,523 | 57,293 | 43,709 |
Participation in the enterprise - % | 49.0 | 49.0 | 49.0 | 49.0 | 49.0 | 24.5 | 49.0 |
Investment book value | 112,125 | 123,911 | 199,879 | 1,139,637 | 556,522 | 279,251 | 410,827 |
Note: Income from Transmitters according to adjustments for the application of CPC 47 / IFRS 15 in the Corporate Statements.

26

Exhibit I - CONSOLIDATED RESULTS > SHARE CAPITAL

Share Capital - June 30,2025 *
|  |  |  |  |  |  |  |  | Thousand shares
Shareholders | Common | % | Preferred "A" | % | Preferred "B" | % | Special * | TOTAL | %
State of Paraná | 358,563 | 27.6% | - | - | 116,081 | 6.9% | <1 | 474,644 | 15.9%
BNDESPAR | 131,162 | 10.1% | - | - | 524,646 | 31.2% | - | 655,808 | 22.0%
Free Floating | 801,341 | 61.6% | 713 | 22.8% | 1,030,305 | 61.4% | - | 1,832,359 | 61.4%
B3 | 787,994 | 60.6% | 713 | 22.8% | 941,306 | 56.1% | - | 1,730,013 | 58.0%
NYSE | 13,139 | 1.0% | - | - | 87,357 | 5.2% | - | 100,496 | 3.4%
LATIBEX | 208 | 0.0% | - | - | 1,642 | 0.1% | - | 1,850 | 0.1%
Other | 3,113 | 0.2% | 2,415 | 1 | 950 | 0 | - | 6,478 | 0.2%
Treasury shares | 6,169 | 0.5% | - | 0.0% | 7,353 | 0.4% | - | 13,522 | 0.5%
TOTAL | 1,300,348 | 100% | 3,128 | 100% | 1,679,335 | 100% | <1 | 2,982,811 | 100%
* State of Paraná has a special class preferred share with veto power as established in the Statute.

27

Exhibit II- RESULT BY SUBSIDIARY > COPEL GET (CONSOLIDATED)

|  |  |  | R$'000
Income Statement | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ%
OPERATING REVENUES | 1,161,383 | 1,085,417 | 7.0 | 2,400,930 | 2,214,417 | 8.4
Electricity sales to distributors | 899,666 | 815,440 | 10.3 | 1,800,118 | 1,662,648 | 8.3
Use of the main transmission grid | 192,102 | 243,224 | (21.0) | 465,773 | 503,860 | (7.6)
Construction revenue | 56,034 | 18,975 | - | 111,141 | 29,874 | -
Other operating revenues | 13,581 | 7,778 | 74.6 | 23,898 | 18,035 | 32.5
OPERATING COSTS AND EXPENSES | (467,248) | (624,035) | (25.1) | (985,937) | (1,263,084) | (21.9)
Electricity purchased for resale | (86,583) | (15,810) | - | (110,670) | (45,640) | -
Charges of main distribution and transmission grid | (128,349) | (148,408) | (13.5) | (261,115) | (294,888) | (11.5)
Personnel and management | (72,593) | (95,003) | (23.6) | (156,899) | (190,755) | (17.7)
Pension and healthcare plans | (17,302) | (20,423) | (15.3) | (35,482) | (41,431) | (14.4)
Materials and supplies | (11,419) | (4,577) | - | (16,078) | (8,527) | 88.6
Materials and supplies for power eletricity | - | - | - | - | (936) | -
Third-party services | (65,410) | (68,611) | (4.7) | (133,337) | (133,523) | (0.1)
Depreciation and amortization | (177,828) | (206,559) | (13.9) | (354,701) | (420,055) | (15.6)
Provisions and reversals | (4,807) | (9,582) | (49.8) | (6,769) | (6,138) | 10.3
Construction cost | (54,256) | (17,378) | - | (104,863) | (25,554) | -
Other cost and expenses | 151,299 | (37,683) | - | 193,977 | (95,637) | -
EQUITY IN EARNINGS OF SUBSIDIARIES | 64,900 | 80,080 | (19.0) | 165,337 | 164,433 | 0.5
PROFIT BEFORE FINANCIAL RESULTS AND TAXES | 759,035 | 541,462 | 40.2 | 1,580,330 | 1,115,766 | 41.6
FINANCIAL RESULTS | (236,488) | (146,397) | 61.5 | (493,591) | (313,332) | 57.5
Financial income | 133,626 | 88,531 | 50.9 | 225,520 | 169,059 | 33.4
Financial expenses | (370,114) | (234,928) | 57.5 | (719,111) | (482,391) | 49.1
OPERATIONAL EXPENSES/ INCOME | 522,547 | 395,065 | 32.3 | 1,086,739 | 802,434 | 35.4
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (157,033) | (29,980) | - | (305,181) | (130,782) | -
Income tax and social contribution on profit | (8,514) | (33,848) | (74.8) | (130,690) | (114,413) | 14.2
Deferred income tax and social contribution on profit | (148,519) | 3,868 | - | (174,491) | (16,369) | -
NET INCOME continuing operations | 365,514 | 365,085 | 0.1 | 781,558 | 671,652 | 16.4
NET INCOME discontinued operations | - | (15,598) | - | - | (30,381) | -
NET INCOME | 365,514 | 349,487 | 4.6 | 781,558 | 641,271 | 21.9
Attributed to shareholders of the parent company - continuing operations | 365,514 | 369,326 | (1.0) | 781,558 | 680,008 | 14.9
Attributed to the controlling company's shareholders - discontinued operations | - | (12,081) | - | - | (23,590) | -
Attributed to non-controlling shareholders | - | (7,758) | - | - | (15,147) | -
EBITDA continuing operations | 936,863 | 748,021 | 25.2 | 1,935,031 | 1,535,821 | 26.0

28

Exhibit II- RESULT BY SUBSIDIARY > COPEL DIS

|  |  |  | R$'000
Income Statement | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ%
OPERATING REVENUES | 4,556,167 | 4,152,740 | 9.7 | 8,860,934 | 8,203,702 | 8.0
Electricity sales to final customers | 1,522,602 | 1,614,345 | (5.7) | 3,306,270 | 3,353,705 | (1.4)
Electricity sales to distributors | 70,343 | 17,304 | 306.5 | 101,347 | 21,217 | 377.7
Use of the main distribution grid | 1,456,331 | 1,543,035 | (5.6) | 3,225,479 | 3,206,058 | 0.6
Construction revenue | 786,735 | 655,347 | 20.0 | 1,371,319 | 1,218,095 | 12.6
Fair value of assets from the indemnity for the concession | 11,726 | 13,307 | (11.9) | 35,742 | 32,277 | 10.7
Sectorial assets and liabilities result | 577,183 | 199,893 | 188.7 | 562,727 | 145,476 | 286.8
Other operating revenues | 131,247 | 109,509 | 19.9 | 258,050 | 226,874 | 13.7
OPERATING COSTS AND EXPENSES | (4,147,935) | (3,713,156) | 11.7 | (7,915,621) | (7,269,861) | 8.9
Electricity purchased for resale | (1,978,385) | (1,672,490) | 18.3 | (3,825,567) | (3,312,163) | 15.5
Charges of main transmission grid | (689,409) | (724,630) | (4.9) | (1,346,210) | (1,437,765) | (6.4)
Personnel and management | (141,781) | (168,357) | (15.8) | (284,160) | (348,215) | (18.4)
Pension and healthcare plans | (37,692) | (43,135) | (12.6) | (77,465) | (87,999) | (12.0)
Materials and supplies | (10,215) | (16,675) | (38.7) | (28,021) | (30,617) | (8.5)
Third-party services | (200,750) | (169,584) | 18.4 | (401,456) | (331,284) | 21.2
Depreciation and amortization | (172,760) | (139,853) | 23.5 | (340,418) | (281,343) | 21.0
Provisions and reversals | (78,403) | (60,017) | 30.6 | (148,108) | (141,209) | 4.9
Construction cost | (786,735) | (655,347) | 20.0 | (1,371,319) | (1,218,095) | 12.6
Other cost and expenses | (51,805) | (63,068) | (17.9) | (92,897) | (81,171) | 14.4
PROFIT BEFORE FINANCIAL RESULTS AND TAXES | 408,232 | 439,584 | (7.1) | 945,313 | 933,841 | 1.2
FINANCIAL RESULTS | (196,714) | (135,269) | 45.4 | (389,094) | (278,586) | 39.7
Financial income | 172,005 | 120,457 | 42.8 | 324,933 | 204,906 | 58.6
Financial expenses | (368,719) | (255,726) | 44.2 | (714,027) | (483,492) | 47.7
OPERATIONAL EXPENSES/ INCOME | 211,518 | 304,315 | (30.5) | 556,219 | 655,255 | (15.1)
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (58,555) | (96,408) | (39.3) | (170,832) | (205,470) | (16.9)
Income tax and social contribution on profit | 95,565 | 53,350 | 79.1 | - | - | -
Deferred income tax and social contribution on profit | (154,120) | (149,758) | 2.9 | (170,832) | (205,470) | (16.9)
NET INCOME (LOSS) | 152,963 | 207,907 | (26.4) | 385,387 | 449,785 | (14.3)
EBITDA | 580,992 | 579,437 | 0.3 | 1,285,731 | 1,215,184 | 5.8

29

Exhibit II- RESULT BY SUBSIDIARY > COPEL DIS

|  |  |  | R$'000
OPERATING REVENUE | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ%
Electricity sales to final customers | 1,762,117 | 1,921,474 | (8.3) | 3,719,431 | 4,015,104 | (7.4)
Residential | 888,410 | 878,605 | 1.1 | 1,895,698 | 1,869,684 | 1.4
Industrial | 135,853 | 181,577 | (25.2) | 265,850 | 353,781 | (24.9)
Commercial, service and other activities | 405,634 | 455,722 | (11.0) | 864,814 | 954,547 | (9.4)
Rural | 192,830 | 205,910 | (6.4) | 407,576 | 431,760 | (5.6)
Public Sector | 67,677 | 74,366 | (9.0) | 140,982 | 148,965 | (5.4)
Street lightining | 48,691 | 45,356 | 7.4 | 91,321 | 91,519 | (0.2)
Public Service | 23,022 | 79,938 | (71.2) | 53,190 | 164,848 | (67.7)
Donations and subsidies | 377,053 | 286,103 | 31.8 | 739,951 | 543,334 | 36.2
Electricity sales to distributors | 73,175 | 18,319 | 299.4 | 105,485 | 22,743 | 363.8
Bilateral contracts | 2,863 | 6,153 | (53.5) | 5,131 | 12,403 | (58.6)
Electricity Trading Chamber - CCEE | 70,312 | 12,166 | 477.9 | 100,354 | 10,340 | 870.5
Use of the main distribution grid | 2,908,156 | 2,912,381 | (0.1) | 6,220,737 | 5,954,739 | 4.5
Residential | 965,629 | 944,563 | 2.2 | 2,143,308 | 2,005,660 | 6.9
Industrial | 325,932 | 324,910 | 0.3 | 640,870 | 626,699 | 2.3
Commercial, service and other activities | 513,243 | 540,627 | (5.1) | 1,118,755 | 1,123,573 | (0.4)
Rural | 215,444 | 227,219 | (5.2) | 468,576 | 471,549 | (0.6)
Public Sector | 78,314 | 83,406 | (6.1) | 168,284 | 166,049 | 1.3
Street lightining | 49,829 | 49,855 | (0.1) | 99,872 | 100,008 | (0.1)
Public Service | 32,324 | 66,557 | (51.4) | 71,996 | 136,884 | (47.4)
Free Market | 687,687 | 635,764 | 8.2 | 1,426,707 | 1,245,095 | 14.6
Dealers and generators | 39,754 | 39,480 | 0.7 | 82,369 | 79,222 | 4.0
Construction Revenue | 786,735 | 655,347 | 20.0 | 1,371,319 | 1,218,095 | 12.6
Fair value of assets from the indemnity for the concession | 11,726 | 13,307 | (11.9) | 35,742 | 32,277 | 10.7
Sectorial assets and liabilities result | 636,015 | 220,268 | 188.7 | 620,085 | 160,304 | 286.8
Other operating income | 144,626 | 120,026 | 20.5 | 284,355 | 249,997 | 13.7
Leases and rentals | 137,547 | 122,891 | 11.9 | 273,062 | 241,199 | 13.2
Income from the provision of services | 1,062 | 72 | 1,375.0 | 1,632 | 1,754 | (7.0)
Other income | 6,017 | (2,937) | (304.9) | 9,661 | 7,044 | 37.2
RECEITA OPERACIONAL BRUTA | 6,699,603 | 6,147,225 | 9.0 | 13,097,105 | 12,196,593 | 7.4
(-) Tributos e deduções | (2,143,436) | (1,994,485) | 7.5 | (4,236,171) | (3,992,891) | 6.1
(-) PIS/PASEP e COFINS | (468,310) | (429,826) | 9.0 | (920,653) | (862,139) | 6.8
(-) ICMS | (804,678) | (824,833) | (2.4) | (1,702,545) | (1,641,458) | 3.7
(-) Encargos Setoriais | (870,447) | (739,826) | 17.7 | (1,612,970) | (1,489,294) | 8.3
(-) ISS | (1) | - | - | (3) | - | -
NET OPERATING REVENUES | 4,556,167 | 4,152,740 | 9.7 | 8,860,934 | 8,203,702 | 8.0

30

Exhibit II- RESULT BY SUBSIDIARY > COPEL COM (MERCADO LIVRE)

|  |  |  | R$'000
Income Statement | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ%
OPERATING REVENUES | 1,131,213 | 829,344 | 36.4 | 2,087,455 | 1,688,995 | 23.6
Electricity sales to final customers | 389,635 | 465,499 | (16.3) | 798,251 | 931,968 | (14.3)
Electricity sales to distributors | 679,905 | 363,523 | 87.0 | 1,219,750 | 756,276 | 61.3
Other operating revenues | 61,673 | 322 | 19,053.1 | 69,454 | 751 | 9,148.2
OPERATING COSTS AND EXPENSES | (1,052,153) | (825,943) | 27.4 | (1,980,962) | (1,668,213) | 18.7
Electricity purchased for resale | (1,042,565) | (817,736) | 27.5 | (1,963,222) | (1,651,299) | 18.9
Personnel and management | (5,183) | (3,895) | 33.1 | (8,836) | (7,561) | 16.9
Pension and healthcare plans | (435) | (440) | (1.1) | (873) | (892) | (2.1)
Materials and supplies | 51 | (17) | (400.0) | (109) | (34) | 220.6
Third-party services | (959) | (1,661) | (42.3) | (2,007) | (2,406) | (16.6)
Depreciation and amortization | (458) | (430) | 6.5 | (887) | (870) | 2.0
Provisions and reversals | (140) | (1,368) | (89.8) | (1,237) | (2,589) | (52.2)
Other cost and expenses | (2,464) | (396) | 522.2 | (3,791) | (2,562) | 48.0
PROFIT BEFORE FINANCIAL RESULTS AND TAXES | 79,060 | 3,401 | 2,224.6 | 106,493 | 20,782 | 412.4
FINANCIAL RESULTS | 8,898 | 10,336 | (13.9) | 19,610 | 19,298 | 1.6
Financial income | 9,018 | 10,406 | (13.3) | 19,892 | 19,435 | 2.4
Financial expenses | (120) | (70) | 71.4 | (282) | (137) | 105.8
OPERATIONAL EXPENSES/ INCOME | 87,958 | 13,737 | 540.3 | 126,103 | 40,080 | 214.6
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (30,082) | (4,529) | 564.2 | (43,091) | (13,313) | 223.7
Income tax and social contribution on profit | (8,973) | (15,209) | (41.0) | (20,106) | (27,829) | (27.8)
Deferred income tax and social contribution on profit | (21,109) | 10,680 | (297.6) | (22,985) | 14,516 | (258.3)
NET INCOME (LOSS) | 57,876 | 9,208 | 528.5 | 83,012 | 26,767 | 210.1
EBITDA | 79,518 | 3,831 | 1,975.6 | 107,380 | 21,652 | 395.9

31

Exhibit II- RESULT BY SUBSIDIARY > INCOME STATEMENT FOR THE QUARTER BY COMPANY

R$'000
Income Statement 2Q25 | GET | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Pequenos Ativos Mantidos para Venda | MSG | C. Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Elimination | Consolidated
Geração | Transmissão
NET OPERATING INCOME | 525,776 | 208,397 | 4,556,167 | - | 32,621 | - | 3,025 | 217,334 | 159,363 | 9,804 | 10,687 | 31,068 | 18,348 | 1,131,213 | - | (678,649) | 6,225,154
Electricity sales to final customers | - | - | 1,522,602 | - | - | - | - | - | - | - | - | - | - | 389,635 | - | (222) | 1,912,016
Electricity sales to distributors | 512,961 | - | 70,343 | - | 32,546 | - | - | 212,319 | 159,363 | 9,804 | 10,687 | - | - | 679,905 | - | (547,195) | 1,140,733
Use of the main distribution and transmission grid (TUSD/ TUST) | - | 148,644 | 1,456,331 | - | - | - | - | - | - | - | - | 30,898 | 14,955 | - | - | (119,173) | 1,531,656
Construction revenue | - | 52,509 | 786,735 | - | - | - | - | - | - | - | - | 140 | 3,386 | - | - | - | 842,770
Fair value of assets from the indemnity for the concession | - | - | 11,726 | - | - | - | - | - | - | - | - | - | - | - | - | - | 11,726
Sectoral assets and liabilities result | - | - | 577,183 | - | - | - | - | - | - | - | - | - | - | - | - | - | 577,183
Other operating revenues | 12,815 | 7,244 | 131,247 | - | 75 | - | 3,025 | 5,015 | - | - | - | 30 | 7 | 61,673 | - | (12,059) | 209,070
OPERATING COSTS AND EXPENSES | 17,685 | (246,883) | (4,147,935) | - | (23,710) | - | (2,092) | (151,637) | (84,855) | (5,042) | (2,101) | (4,426) | (5,101) | (1,052,153) | (30,639) | 671,026 | (5,067,863)
Energy purchased for resale | (65,312) | - | (1,978,385) | - | (31) | - | - | (8,195) | (17,263) | (859) | (404) | - | - | (1,042,565) | - | 549,605 | (2,563,409)
Charges of the main distribution and transmission grid | (76,878) | - | (689,409) | - | (6,092) | - | - | (17,522) | (37,812) | (344) | (228) | - | - | - | - | 117,707 | (710,578)
Personnel and management | (39,226) | (28,758) | (141,781) | - | (1,466) | - | (115) | (2,535) | (1,069) | (89) | - | (768) | (151) | (5,183) | (21,211) | - | (242,352)
Private pension and health plans | (9,307) | (7,372) | (37,692) | - | (41) | - | (22) | (349) | (155) | (13) | - | (85) | (22) | (435) | (2,522) | - | (58,015)
Materials and supplies | (2,693) | (1,772) | (10,215) | - | (77) | - | - | (6,558) | (435) | (7) | - | 57 | (4) | 51 | (261) | - | (21,913)
Materials and supplies for power eletricity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -
Third-party services | (17,838) | (11,689) | (200,750) | - | (4,811) | - | (1,132) | (37,645) | (5,137) | (746) | - | (2,113) | (1,763) | (959) | (6,403) | 12,297 | (278,689)
Depreciation and amortization | (74,688) | (4,110) | (172,760) | - | (8,132) | - | (929) | (69,504) | (19,299) | (2,850) | (1,372) | (26) | (5) | (458) | (1,100) | (5,978) | (361,211)
Provisions and reversals | (2,143) | (4,139) | (78,403) | - | - | - | 136 | 69 | - | (1) | - | (92) | (15) | (140) | 2,618 | (1,824) | (83,934)
Construction cost | - | (50,400) | (786,735) | - | - | - | - | - | - | - | - | (917) | (2,939) | - | - | - | (840,991)
Other operating costs and expenses | 305,770 | (138,643) | (51,805) | - | (3,060) | - | (30) | (9,398) | (3,685) | (133) | (97) | (482) | (202) | (2,464) | (1,760) | (781) | 93,229
EQUITY IN EARNINGS OF SUBSIDIARIES | 88,745 | 78,072 | - | - | - | - | - | 22,932 | - | - | - | - | - | - | 575,218 | (700,711) | 64,256
EARNINGS BEFORE INCOME TAXES | 632,206 | 39,586 | 408,232 | - | 8,911 | - | 933 | 88,629 | 74,508 | 4,762 | 8,586 | 26,642 | 13,247 | 79,060 | 544,579 | (708,334) | 1,221,547
FINANCIAL RESULTS | (117,766) | (91,542) | (196,714) | - | (1,619) | - | (1,363) | (24,098) | 3,064 | 2,136 | (630) | (10,166) | 2,518 | 8,898 | 25,421 | - | (401,861)
Financial income | 44,899 | 33,383 | 172,005 | - | 29,819 | - | 1,348 | 42,307 | 5,380 | 2,136 | - | 2,494 | 3,029 | 9,018 | 29,495 | (1) | 375,312
Financial expenses | (162,665) | (124,925) | (368,719) | - | (31,438) | - | (2,711) | (66,405) | (2,316) | - | (630) | (12,660) | (511) | (120) | (4,074) | 1 | (777,173)
OPERATIONAL EXPENSES / INCOME | 514,440 | (51,956) | 211,518 | - | 7,292 | - | (430) | 64,531 | 77,572 | 6,898 | 7,956 | 16,476 | 15,765 | 87,958 | 570,000 | (708,334) | 819,686
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (138,793) | 41,910 | (58,555) | - | (2,532) | - | (62) | (18,952) | (26,019) | (1,033) | (326) | (5,564) | (10,185) | (30,081) | 2,140 | 1,930 | (246,122)
NET INCOME | 375,647 | (10,046) | 152,963 | - | 4,760 | - | (492) | 45,579 | 51,553 | 5,865 | 7,630 | 10,912 | 5,580 | 57,877 | 572,140 | (706,404) | 573,564
Attributed to shareholders of the parent company - continuing operations | 375,647 | (10,046) | 152,963 | - | 3,332 | - | (492) | 45,579 | 51,553 | 5,865 | 7,630 | 10,912 | 5,580 | 57,877 | 572,140 | (706,404) | 572,136
Attributed to non-controlling shareholders - continuing operations |  |  | - | - | 1,428 | - | - | - | - | - | - | - | - | - |  |  | 1,428
EBITDA continuing operations | 706,894 | 43,696 | 580,992 | - | 17,043 | - | 1,862 | 158,133 | 93,807 | 7,612 | 9,958 | 26,668 | 13,252 | 79,518 | 545,679 | (702,356) | 1,582,758

32

Income Statement 2Q24 |  | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Pequenos Ativos Mantidos para Venda | MSG | C. Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Elimination | Consolidated
| Geração |
NET OPERATING INCOME | 517,832 | 251,096 | 4,152,740 | 5,264 | 23,266 | - | 173 | 181,255 | 123,305 | 8,580 | - | - | 20,416 | 829,345 | - | (634,005) | 5,479,266
Electricity sales to final customers | 6 | -6 | 1613874 | - | - | - | - | - | - | - |  |  | - | 579008 | - | -391 | 2192491
Electricity sales to distributors | 615810 | - | 24369 | - | 34377 | - | - | 172,135 | 172,459 | 6804 |  |  | - | 454267 | - | -616,143 | 864,078
Use of the main distribution and transmission grid (TUSD/ TUST) | - | 205,764 | 1550506 | - | - | - | - | - | - | - |  |  | 19503 | - | - | -121,571 | 1654202
Construction revenue | - | 19,043 | 568,580 | 6822 | - | - | - | - | - | - |  |  | 37 | - | - | -6,822 | 587660
Fair value of assets from the indemnity for the concession | - | - | 20269 | - | - | - | - | - | - | - |  |  | - | - | - | - | 20269
Distribution of piped gas | - | - | - | 206002 | - | - | - | - | - | - |  |  | - | - | - | -206002 | -
Sectoral assets and liabilities result | - | - | 91494 | - | - | - | - | - | - | - |  |  | - | - | - | - | 91494
Other operating revenues | 14,690 | 6,195 | 147082 | - | 88 | - | - | - | 6 | - |  |  | 7 | 3898 | - | -14,462 | 157,504
OPERATING COSTS AND EXPENSES | (299,576) | (90,278) | (3,713,155) | (187,878) | (22,690) | (22,520) | (1,359) | (145,944) | (93,914) | (4,454) | - | - | (1,281) | (825,946) | (52,059) | 849,475 | (4,611,582)
Energy purchased for resale | (1,729) | - | (1,672,490) | - | (28) | - | - | (12,720) | (953) | (408) | - | - | - | (817,736) | - | 493,130 | (2,012,934)
Charges of the main distribution and transmission grid | (93,329) | - | (724,630) | - | (6,300) | (9,362) | - | (16,562) | (40,545) | (344) | - | - | - | - | - | 130,785 | (760,284)
Personnel and management | (52,569) | (37,705) | (168,357) | (12,968) | (1,477) | (1,674) | (43) | (3,854) | (549) | (146) | - | - | (178) | (3,895) | (16,051) | 14,642 | (284,823)
Private pension and health plans | (11,503) | (8,210) | (43,135) | (1,523) | (42) | (174) | (7) | (578) | (83) | (22) | - | - | (26) | (440) | (2,674) | 1,697 | (66,721)
Materials | (2,388) | (970) | (16,675) | 242 | (11) | (13) | - | (826) | (335) | (19) | - | - | (41) | (17) | (408) | (229) | (21,691)
Raw material and supplies - energy production | - | - | - | - | - | (518) | - | - | - | - | - | - | - | - | - | 518 | -
Natural gas and supplies for gas business | - | - | - | (146,628) | - | - | - | - | - | - | - | - | - | - | - | 146,628 | -
Third-party services | (23,173) | (12,608) | (169,584) | (5,048) | (4,243) | (4,856) | (837) | (32,517) | (9,263) | (748) | - | - | (1,721) | (1,661) | (10,030) | 22,323 | (253,965)
Depreciation and amortization | (91,530) | (3,774) | (139,853) | (11,125) | (8,031) | (5,158) | (480) | (69,096) | (31,955) | (2,846) | - | - | (11) | (430) | (798) | 8,933 | (356,155)
Provisions and reversals | (8,502) | (6,273) | (60,018) | (2,247) | - | (1) | - | (118) | - | 241 | - | - | (7) | (1,368) | (18,637) | 23,375 | (73,555)
Construction cost | - | (18,372) | (655,347) | (5,264) | - | - | - | - | - | - | - | - | 994 | - | - | 5,264 | (672,725)
Other operating costs and expenses | (14,853) | (2,366) | (63,067) | (3,317) | (2,558) | (764) | 8 | (9,674) | (10,233) | (162) | - | - | (290) | (398) | (3,459) | 2,409 | (108,729)
EQUITY IN EARNINGS OF SUBSIDIARIES | 17,610 | 100,121 | - | - | - | - | - | (1,383) | - | - | - | - | - | - | 586,192 | (621,994) | 80,545
EARNINGS BEFORE INCOME TAXES | 235,866 | 260,939 | 439,585 | 19,858 | 576 | (22,520) | (1,186) | 33,929 | 29,390 | 4,126 | - | - | 19,135 | 3,399 | 534,133 | (608,996) | 948,229
FINANCIAL RESULTS | (75,560) | (51,717) | (135,269) | 6,469 | (34,325) | (2,474) | 512 | (29,626) | 8,125 | 1,093 | - | - | 1,966 | 10,336 | 16,966 | (6,185) | (289,685)
Financial income | 28,481 | 17,821 | 120,457 | 19,670 | 4,131 | 406 | 629 | 31,124 | 8,268 | 1,036 | - | - | 2,481 | 10,406 | 52,035 | (22,570) | 274,376
Financial expenses | (104,041) | (69,538) | (255,726) | (13,201) | (38,456) | (2,880) | (117) | (60,750) | (143) | 57 | - | - | (515) | (70) | (35,068) | 16,385 | (564,061)
OPERATIONAL EXPENSES / INCOME | 160,306 | 209,222 | 304,316 | 26,327 | (33,750) | (24,994) | (674) | 4,303 | 37,515 | 5,219 | - | - | 21,101 | 13,735 | 551,099 | (615,182) | 658,544
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (1,300) | 1,100 | (96,409) | (9,142) | 11,078 | - | (217) | (15,611) | (12,748) | (621) | - | - | (1,507) | (4,530) | (75,421) | 9,849 | (195,479)
NET INCOME continuing operations | 159,006 | 210,322 | 207,907 | 17,186 | (22,672) | (24,994) | (891) | (11,309) | 24,768 | 4,598 | - | - | 19,594 | 9,205 | 475,678 | (605,333) | 463,065
NET INCOME discontinued operations | (12,081) | - | - | - | - | - | - | - | - | - | - | - | - | - | (3,599) | 26,189 | 10,509
NET INCOME | 146,925 | 210,322 | 207,907 | 17,186 | (22,672) | (24,994) | (891) | (11,309) | 24,768 | 4,598 | - | - | 19,594 | 9,205 | 472,079 | (579,144) | 473,574
Attributed to shareholders of the parent company - continuing operations | 159,005 | 210,322 | 207,907 | - | (15,870) | - | (891) | (11,309) | 24,768 | 4,598 | - | - | 19,594 | 9,205 | 463,597 | (595,244) | 475,681
Attributed to the controlling company's shareholders - discontinued operations | (12,080) | - | - | 8,765 | - | (20,295) | - | - | - | - | - | - | - | - | 8,483 | 11,529 | (3,599)
Attributed to non-controlling shareholders - continuing operations | - | - | - | - | (6,803) | - | - | - | - | - | - | - | - | - | - | - | (6,803)
Attributed to non-controlling shareholders - discontinued operations | - | - | - | 8,421 | - | (4,699) | - | - | - | - | - | - | - | - | - | 4,573 | 8,295
EBITDA continuing operations | 327,396 | 264,713 | 579,438 | (171,489) | 8,607 | (17,362) | (706) | 103,024 | 61,346 | 6,972 | - | - | 19,146 | 3,829 | 534,931 | (415,457) | 1,304,384

33

Exhibit II- RESULT BY SUBSIDIARY > INCOME STATEMENT BY COMPANY ACCUMULATED

R$'000
Income Statement 1H25 | GET | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Small Assets | MSG | C. Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Elimination | Consolidated
Geração | Transmissão
NET OPERATING INCOME | 1,088,935 | 517,029 | 8,860,934 | - | 78,150 | - | 6,131 | 417,444 | 297,365 | 19,811 | 27,740 | 31,068 | 47,612 | 2,087,455 | - | (1,362,434) | 12,117,240
Electricity sales to final customers | - | - | 3,306,270 | - | - | - | - | - | - | - | - | - | - | 798,251 | - | (406) | 4,104,115
Electricity sales to distributors | 1,063,726 | - | 101,347 | - | 78,032 | - | - | 409,105 | 297,365 | 19,811 | 27,740 | - | - | 1,219,750 | - | (1,101,203) | 2,115,673
Use of the main distribution and transmission grid (TUSD/ TUST) | - | 402,618 | 3,225,479 | - | - | - | - | - | - | - | - | 30,898 | 36,745 | - | - | (236,061) | 3,459,679
Construction revenue | - | 100,148 | 1,371,319 | - | - | - | - | - | - | - | - | 140 | 10,853 | - | - | - | 1,482,460
Fair value of assets from the indemnity for the concession | - | - | 35,742 | - | - | - | - | - | - | - | - | - | - | - | - | - | 35,742
Sectoral assets and liabilities result | - | - | 562,727 | - | - | - | - | - | - | - | - | - | - | - | - | - | 562,727
Other operating revenues | 25,209 | 14,263 | 258,050 | - | 118 | - | 6,131 | 8,339 | - | - | - | 30 | 14 | 69,454 | - | (24,764) | 356,844
OPERATING COSTS AND EXPENSES | (179,196) | (359,360) | (7,915,621) | - | (47,741) | - | (4,984) | (282,415) | (168,050) | (9,684) | (7,460) | (4,426) | (13,227) | (1,980,962) | (58,573) | 1,352,866 | (9,678,833)
Energy purchased for resale | (90,438) | - | (3,825,567) | - | (64) | - | - | (19,206) | (17,263) | (860) | (515) | - | - | (1,963,222) | - | 1,101,373 | (4,815,762)
Charges of the main distribution and transmission grid | (154,773) | - | (1,346,210) | - | (12,299) | - | - | (34,585) | (75,611) | (696) | (2,186) | - | - | - | - | 233,259 | (1,393,101)
Personnel and management | (84,883) | (63,616) | (284,160) | - | (2,763) | - | (221) | (5,640) | (1,500) | (206) | - | (768) | (286) | (8,836) | (38,695) | - | (491,574)
Private pension and health plans | (19,345) | (14,919) | (77,465) | - | (78) | - | (42) | (836) | (222) | (31) | - | (85) | (44) | (873) | (5,012) | - | (118,952)
Materials and supplies | (5,194) | (3,311) | (28,021) | - | (264) | - | 1 | (6,737) | (875) | (10) | - | 57 | (4) | (109) | (447) | - | (44,914)
Materials and supplies for power eletricity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -
Third-party services | (43,847) | (25,495) | (401,456) | - | (9,060) | - | (2,479) | (66,809) | (14,252) | (1,887) | (1) | (2,113) | (2,887) | (2,007) | (14,214) | 25,497 | (561,010)
Depreciation and amortization | (147,924) | (8,715) | (340,418) | - | (16,285) | - | (1,951) | (139,027) | (38,595) | (5,701) | (4,513) | (26) | (14) | (887) | (1,989) | (10,186) | (716,231)
Provisions and reversals | (1,525) | (5,661) | (148,108) | - | - | - | (250) | (1,181) | - | (1) | 100 | (92) | (33) | (1,237) | 3,288 | 255 | (154,445)
Construction cost | - | (94,432) | (1,371,319) | - | - | - | - | - | - | - | - | (917) | (9,514) | - | - | - | (1,476,182)
Other operating costs and expenses | 368,733 | (143,211) | (92,897) | - | (6,928) | - | (42) | (8,394) | (19,732) | (292) | (345) | (482) | (445) | (3,791) | (1,504) | 2,668 | 93,338
EQUITY IN EARNINGS OF SUBSIDIARIES | 157,103 | 196,367 | - | - | - | - | - | 33,410 | - | - | - | - | - | - | 1,247,652 | (1,469,860) | 164,672
EARNINGS BEFORE INCOME TAXES | 1,066,842 | 354,036 | 945,313 | - | 30,409 | - | 1,147 | 168,439 | 129,315 | 10,127 | 20,280 | 26,642 | 34,385 | 106,493 | 1,189,079 | (1,479,428) | 2,603,079
FINANCIAL RESULTS | (254,331) | (178,920) | (389,094) | - | (27,373) | - | (2,617) | (61,545) | 3,612 | 3,794 | (561) | (10,166) | 4,526 | 19,610 | 44,679 | - | (848,386)
Financial income | 72,038 | 49,920 | 324,933 | - | 41,415 | - | 2,636 | 82,747 | 8,999 | 3,794 | - | 2,494 | 5,528 | 19,892 | 58,560 | (4) | 672,952
Financial expenses | (326,369) | (228,840) | (714,027) | - | (68,788) | - | (5,253) | (144,292) | (5,387) | - | (561) | (12,660) | (1,002) | (282) | (13,881) | 4 | (1,521,338)
OPERATIONAL EXPENSES / INCOME | 812,511 | 175,116 | 556,219 | - | 3,036 | - | (1,470) | 106,894 | 132,927 | 13,921 | 19,719 | 16,476 | 38,911 | 126,103 | 1,233,758 | (1,479,428) | 1,754,693
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (212,977) | 6,906 | (170,832) | - | (1,081) | - | (168) | (38,464) | (44,587) | (1,911) | (824) | (5,564) | (12,084) | (43,091) | 3,890 | 4,325 | (516,462)
NET INCOME | 599,534 | 182,022 | 385,387 | - | 1,955 | - | (1,638) | 68,430 | 88,340 | 12,010 | 18,895 | 10,912 | 26,827 | 83,012 | 1,237,648 | (1,475,103) | 1,238,231
Attributed to shareholders of the parent company - continuing operations | 599,534 | 182,022 | 385,387 | - | 1,369 | - | (1,638) | 68,430 | 88,340 | 12,010 | 18,895 | 10,912 | 26,827 | 83,012 | 1,237,648 | (1,475,100) | 1,237,648
Attributed to non-controlling shareholders - continuing operations | - | - | - | - | 586 | - | - | - | - | - |  | - | - | - | - | (3) | 583
EBITDA continuing operations | 1,214,766 | 362,751 | 1,285,731 | - | 46,694 | - | 3,098 | 307,466 | 167,910 | 15,828 | 24,793 | 26,668 | 34,399 | 107,380 | 1,191,068 | (1,469,242) | 3,319,310

34

R$'000
Income Statement 1H24 | GET | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Small Assets | MSG | C. Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Elimination | Consolidated
Geração | Transmissão
NET OPERATING INCOME | 1,059,410 | 513,325 | 8,203,702 | 406,164 | 47,332 | - | 173 | 360,444 | 260,030 | 17,169 | - | - | 38,644 | 1,688,996 | - | (1,699,125) | 10,896,264
Electricity sales to final customers | - | - | 3,353,705 | - | - | - | - | - | - | - | - | - | - | 931,969 | - | (740) | 4,284,934
Electricity sales to distributors | 1,029,441 | - | 21,218 | - | 47,074 | - | - | 356,294 | 260,024 | 17,169 | - | - | - | 756,276 | - | (1,020,659) | 1,466,836
Use of the main distribution and transmission grid (TUSD/ TUST) | - | 468,830 | 3,206,058 | - | - | - | - | - | - | - | - | - | 40,163 | - | - | (241,839) | 3,473,212
Construction revenue | - | 31,407 | 1,218,095 | 10,331 | - | - | - | - | - | - | - | - | (1,533) | - | - | (10,331) | 1,247,969
Fair value of assets from the indemnity for the concession | - | - | 32,277 | - | - | - | - | - | - | - | - | - | - | - | - | - | 32,277
Distribution of piped gas | - | - | - | 395,833 | - | - | - | - | - | - | - | - | - | - | - | (395,833) | -
Sectoral assets and liabilities result | - | - | 145,476 | - | - | - | - | - | - | - | - | - | - | - | - | - | 145,476
Other operating revenues | 29,969 | 13,088 | 226,873 | - | 258 | - | 173 | 4,150 | 5 | - | - | - | 14 | 752 | - | (29,723) | 245,560
OPERATING COSTS AND EXPENSES | (618,713) | (166,737) | (7,269,861) | (362,960) | (45,164) | (44,679) | (2,268) | (294,690) | (189,364) | (9,168) | - | - | (2,884) | (1,668,216) | (104,283) | 1,703,856 | (9,075,134)
Energy purchased for resale | (15,707) | - | (3,312,163) | - | (57) | - | - | (27,642) | (2,155) | (419) | - | - | - | (1,651,299) | - | 1,023,041 | (3,986,401)
Charges of the main distribution and transmission grid | (185,581) | - | (1,437,765) | - | (12,622) | (18,392) | - | (32,355) | (81,002) | (688) | - | - | - | - | - | 260,044 | (1,508,358)
Personnel and management | (104,148) | (76,751) | (348,215) | (25,918) | (2,708) | (3,124) | (89) | (8,039) | (1,136) | (307) | - | - | (375) | (7,561) | (29,368) | 29,042 | (578,696)
Private pension and health plans | (23,087) | (16,868) | (87,999) | (3,080) | (84) | (364) | (15) | (1,202) | (171) | (46) | - | - | (56) | (892) | (5,276) | 3,444 | (135,697)
Materials | (3,863) | (1,849) | (30,617) | 33 | (101) | (18) | (16) | (1,871) | (836) | (66) | - | - | (41) | (34) | (848) | (15) | (40,143)
Raw material and supplies - energy production | (936) | - | - | - | - | (944) | - | - | - | - | - | - | - | - | - | 944 | (936)
Natural gas and supplies for gas business | - | - | - | (284,274) | - | - | - | - | - | - | - | - | - | - | - | 284,274 | -
Third-party services | (43,165) | (25,617) | (331,284) | (9,484) | (7,914) | (9,842) | (1,561) | (64,963) | (17,815) | (1,575) | - | - | (3,406) | (2,406) | (23,445) | 44,409 | (498,066)
Depreciation and amortization | (190,185) | (8,047) | (281,343) | (22,394) | (16,260) | (10,316) | (676) | (137,522) | (63,888) | (5,693) | - | - | (22) | (870) | (1,577) | 18,011 | (720,783)
Provisions and reversals | (6,065) | (5,120) | (141,210) | (2,522) | - | (176) | - | (162) | (7) | (38) | - | - | 64 | (2,589) | (29,175) | 27,424 | (159,576)
Construction cost | - | (27,090) | (1,218,095) | (10,331) | - | - | - | - | - | - | - | - | 1,536 | - | - | 10,331 | (1,243,649)
Other operating costs and expenses | (45,976) | (5,395) | (81,170) | (4,990) | (5,418) | (1,503) | 89 | (20,935) | (22,356) | (336) | - | - | (583) | (2,564) | (14,594) | 2,907 | (202,829)
EQUITY IN EARNINGS OF SUBSIDIARIES | 29,407 | 198,974 | - | - | - | - | - | (15,424) | - | - | - | - | - | - | 1,152,575 | (1,203,343) | 162,188
EARNINGS BEFORE INCOME TAXES | 470,104 | 545,562 | 933,841 | 43,204 | 2,168 | (44,679) | (2,095) | 50,331 | 70,665 | 8,001 | - | - | 35,760 | 20,780 | 1,048,292 | (1,198,611) | 1,983,318
FINANCIAL RESULTS | (154,767) | (111,121) | (278,586) | (5,089) | (44,162) | (4,372) | 556 | (68,549) | 16,645 | 2,005 | - | - | 3,823 | 19,298 | 61,165 | 5,292 | (557,859)
Financial income | 52,268 | 33,152 | 204,906 | 24,835 | 24,766 | 1,068 | 833 | 61,225 | 16,948 | 1,960 | - | - | 4,876 | 19,435 | 110,149 | (30,385) | 526,037
Financial expenses | (207,035) | (144,273) | (483,492) | (29,924) | (68,928) | (5,440) | (277) | (129,774) | (303) | 45 | - | - | (1,053) | (137) | (48,984) | 35,677 | (1,083,896)
OPERATIONAL EXPENSES / INCOME | 315,337 | 434,441 | 655,255 | 38,115 | (41,995) | (49,051) | (1,539) | (18,218) | 87,310 | 10,006 | - | - | 39,583 | 40,078 | 1,109,454 | (1,193,320) | 1,425,459
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT | (38,261) | (31,508) | (205,470) | (13,603) | 14,280 | - | (337) | (30,344) | (29,666) | (1,204) | - | - | (2,909) | (13,313) | (94,578) | 16,709 | (430,204)
NET INCOME continuing operations | 277,076 | 402,933 | 449,785 | 24,512 | (27,715) | (49,051) | (1,876) | (48,563) | 57,645 | 8,802 | - | - | 36,674 | 26,765 | 1,014,876 | (1,176,611) | 995,255
NET INCOME discontinued operations | (23,590) | - | - | - | - | - | - | - | - | - | - | - | - | - | (11,414) | 46,866 | 11,862
NET INCOME | 253,486 | 402,933 | 449,785 | 24,512 | (27,715) | (49,051) | (1,876) | (48,563) | 57,645 | 8,802 | - | - | 36,674 | 26,765 | 1,003,462 | (1,129,745) | 1,007,117
Attributed to shareholders of the parent company - continuing operations | 277,076 | 402,933 | 449,785 | - | (19,400) | - | (1,876) | (48,563) | 57,645 | 8,802 | - | - | 36,674 | 26,765 | 991,287 | (1,166,248) | 1,014,879
Attributed to the controlling company's shareholders - discontinued operations | (23,590) |  |  | 12,501 | - | (39,829) | - | - | - | - | - | - | - | - | 12,176 | 27,327 | (11,414)
Attributed to non-controlling shareholders - continuing operations | - | - | - | - | (8,316) | - | - | - | - | - | - | - | - | - | - | - | (8,316)
Attributed to non-controlling shareholders - discontinued operations | - | - | - | 12,011 | - | (9,222) | - | - | - | - | - | - | - | - | - | 9,179 | 11,968
EBITDA continuing operations | 660,289 | 553,609 | 1,215,183 | 65,598 | 18,428 | (34,363) | (1,419) | 187,853 | 134,553 | 13,694 | - | - | 35,782 | 21,650 | 1,049,869 | (1,216,623) | 2,704,101

35

Exhibit II- RESULT BY SUBSIDIARY > ASSETS BY COMPANY

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | R$'000
Assets - June-2025 | Geração e Transmissão | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Small Assets | MSG | Costa Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Eliminations | Consolidated
CURRENT | 3,722,207 | 5,150,609 | - | 124,347 | - | 47,826 | 1,176,451 | 225,792 | 78,416 | 13,565 | 516,291 | 125,824 | 946,910 | 2,345,438 | (2,379,748) | 12,093,928
Cash and cash equivalents | 572,966 | 422,275 | - | 97,001 | - | 39,973 | 1,007,032 | 169,497 | 73,326 | 7,822 | 61,079 | 95,539 | 207,202 | 89,696 | (7,823) | 2,835,585
Bonds and securities | - | - | - | - | - | 580 | - | - | - | - | 67,824 | - | - | 100 | - | 68,504
Collaterals and escrow accounts | - | 9 | - | 1,641 | - | - | - | - | - | - | - | - | - | - | - | 1,650
Customers | 355,310 | 2,987,851 | - | 14,241 | - | 5,434 | 95,704 | 42,617 | 3,579 | 5,670 | 42,584 | 8,177 | 404,018 | - | (211,278) | 3,753,907
Dividends receivable | 382,148 | - | - | - | - | - | 32,657 | - | - | - | - | - | - | 1,817,778 | (2,137,221) | 95,362
Sectorial financial assets | 12,652 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,652
Account receivable related to concession | 287,621 | - | - | - | - | - | - | - | - | - | 333,024 | 19,016 | - | - | - | 639,661
Contract Assets | - | - | - | - | - | - | - | - | - | - | - | - | 312,284 | - | - | 312,284
Other current receivables | 107,986 | 617,851 | - | 2,828 | - | 13 | 3,006 | 11,658 | - | - | 371 | 978 | 892 | 321,503 | (2,433) | 1,064,653
Inventories | 34,477 | 128,354 | - | 1,703 | - | - | - | 3 | - | - | - | - | - | - | - | 164,537
Income tax and social contribution | 136,323 | 172,055 | - | 6,442 | - | 1,686 | 30,653 | 857 | 1,352 | - | 10,953 | 2,080 | 21,735 | 99,229 | - | 483,365
Other current recoverable taxes | 12,104 | 772,549 | - | - | - | 3 | 79 | 1,054 | 1 | 1 | - | - | 161 | - | (1) | 785,951
Prepaid expenses | 7,498 | 41,988 | - | 491 | - | 137 | 4,650 | 106 | 158 | - | 456 | 34 | 618 | 1,029 | - | 57,165
Related parties | 18,198 | 7,677 | - | - | - | - | 2,670 | - | - | 72 | - | - | - | 16,103 | (44,720) | -
Assets held for sale | 1,794,924 | - | - | - | - | - | - | - | - | - | - | - | - | - | 23,728 | 1,818,652
NON-CURRENT | 24,240,128 | 17,912,924 | - | 607,090 | - | 98,847 | 7,973,693 | 2,242,625 | 179,232 | 103,419 | 2,945,802 | 520,471 | 634,280 | 23,640,632 | (31,969,001) | 48,648,109
Long Term Assets | 6,582,582 | 7,458,505 | - | 131,619 | - | 14,907 | 857,286 | 54,222 | 65 | - | 2,944,869 | 517,916 | 623,712 | 674,816 | (52,176) | 19,326,290
Bonds and securities | 181,406 | 3,327 | - | - | - | - | 378,088 | 18,898 | - | - | 108,157 | 3,904 | - | - | - | 693,780
Other temporary investments | - | - | - | - | - | 14,836 | - | - | - | - | - | - | - | 14,253 | - | 29,089
Customers | - | 147,629 | - | - | - | - | - | - | - | - | - | - | - | - | - | 147,629
Judicial deposits | 47,494 | 176,936 | - | - | - | 72 | 2,819 | - | 66 | - | 292 | 242 | 17,644 | 140,714 | - | 386,279
Sectoral financial assets | - | 278,391 | - | - | - | - | - | - | - | - | - | - | - | - | - | 278,391
Account receivable related to concession | 906,200 | 2,899,617 | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,805,817
Contract Assets | 4,732,068 | 2,045,403 | - | - | - | - | - | - | - | - | 2,823,724 | 513,770 | - | - | (52,176) | 10,062,789
Fair value in the purchase and sale of energy | - | - |  | - |  | - | - | - | - | - | - | - | 593,229 | - | - | 593,229
Other non-current receivables | 621,115 | 66,194 | - | 6,751 | - | (1) | 2 | 34,229 | (1) | - | 846 | - | - | 317,402 | - | 1,046,537
Income tax and social contribution | 1,875 | 62,221 | - | - | - | - | - | - | - | - | 11,726 | - | 12,063 | 19,280 | - | 107,165
Deferred income tax and social contribution | - | 747,246 | - | 119,017 | - | - | - | - | - | - | - | - | - | 140,426 | - | 1,006,689
Other non-current recoverable taxes | 92,339 | 1,030,641 | - | - | - | - | 195 | 1,095 | - | - | 124 | - | 776 | 42,741 | - | 1,167,911
Prepaid expenses | 85 | 900 | - | - | - | - | - | - | - | - | - | - | - | - | - | 985
Related parties | - | - | - | 5,851 | - | - | 476,182 | - | - | - | - | - | - | - | - | -
Investments | 10,498,244 | 441 | - | - | - | - | 2,707,869 | - | - | - | - | - | - | 22,941,390 | (33,245,373) | 2,902,571
Property, plant and equipment, net | 3,143,933 | - | - | 307,268 | - | 78,682 | 4,355,301 | 300,889 | 175,427 | 99,245 | 143 | 2,522 | 702 | 6,761 | (99,244) | 8,371,629
Intangible assets | 3,931,096 | 10,300,724 | - | 167,681 | - | 1,645 | 9,944 | 1,887,379 | 3,740 | 4,174 | 27 | 33 | 5,453 | 9,374 | 1,427,792 | 17,749,062
Right to use an asset | 84,273 | 153,254 | - | 522 | - | 3,613 | 43,293 | 135 | - | - | 763 | - | 4,413 | 8,291 | - | 298,557
TOTAL | 27,962,335 | 23,063,533 | - | 731,437 | - | 146,673 | 9,150,144 | 2,468,417 | 257,648 | 116,984 | 3,462,093 | 646,295 | 1,581,190 | 25,986,070 | (34,348,749) | 60,742,037

36

Assets - December-2024 | Geração e Transmissão | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Small Assets | MSG | Costa Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Eliminations | Consolidated
CURRENT | 3,478,566 | 6,769,769 | - | 124,996 | - | 48,889 | 1,119,406 | 146,365 | 60,415 | - | - | 106,590 | 916,049 | 3,264,843 | (2,994,084) | 13,041,808
Cash and cash equivalents | 511,790 | 1,734,522 | - | 97,082 | - | 42,389 | 976,988 | 61,545 | 55,027 | - | - | 77,510 | 324,750 | 280,340 | (13) | 4,161,939
Bonds and securities | - | - | - | - | - | 528 | - | - | - | - | - | - | - | 95 | - | 624
Collaterals and escrow accounts | - | 9 | - | - | - | - | - | - | - | - | - | - | - | - | - | 9
Customers | 379,135 | 3,267,284 | - | 10,752 | - | 3,795 | 94,192 | 76,636 | 4,118 | - | - | 8,750 | 348,795 | - | (230,755) | 3,962,702
Dividends receivable | 153,322 | - | - | - | - | - | 8,393 | - | - | - | - | - | - | 2,644,431 | (2,723,868) | 82,278
Sectorial financial assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,609
Account receivable related to concession | 10,609 | - | - | - | - | - | - | - | - | - | - | 18,050 | - | - | - | 283,896
Contract Assets | 265,846 | - | - | - | - | - | - | - | - | - | - | - | 217,350 | - | - | 217,350
Other current receivables | 90,679 | 541,676 | - | 3,210 | - | 74 | 4,084 | 6,595 | - | - | - | 549 | 8,561 | 301,929 | (7,680) | 949,674
Inventories | 39,204 | 95,620 | - | 1,299 | - | - | - | - | - | - | - | 201 | - | - | - | 136,324
Income tax and social contribution | 108,582 | 101,406 | - | 10,831 | - | 2,035 | 25,086 | 134 | 907 | - | - | 1,409 | 13,387 | 32,349 | - | 296,128
Other current recoverable taxes | 10,626 | 979,880 | - | - | - | - | 80 | 1,035 | 8 | - | - | - | 2,990 | - | - | 994,618
Prepaid expenses | 9,288 | 42,066 | - | 1,822 | - | 68 | 7,913 | 420 | 355 | - | - | 122 | 216 | 944 | - | 63,211
Related parties | 17,664 | 7,306 | - | - | - | - | 2,670 | - | - | - | - | - | - | 4,754 | (31,773) | 621
Assets classified as held for sale | 1,881,821 | - | - | - | - | - | - | - | - | - | - | - | - | - | 5 | 1,881,826
NON-CURRENT | 22,800,216 | 16,797,534 | - | 623,724 | - | 100,266 | 7,961,804 | 2,279,634 | 184,758 | - | - | 508,080 | 531,035 | 23,164,333 | (30,609,036) | 44,342,348
Long Term Assets | 6,186,586 | 6,847,655 | - | 132,366 | - | 15,084 | 747,629 | 54,415 | - | - | - | 507,812 | 520,497 | 708,857 | (405,709) | 15,315,121
Bonds and securities | 149,368 | 3,159 | - | - | - | - | 353,799 | 17,941 | - | - | - | 4,815 | - | - | - | 529,085
Other temporary investments | - | - | - | - | - | 14,709 | - | - | - | - | - | - | - | 15,894 | - | 30,603
Customers | - | 116,180 | - | - | - | - | - | - | - | - | - | - | - | - | - | 116,180
Judicial deposits | 49,775 | 190,181 | - | - | - | 72 | 484 | - | - | - | - | 242 | 16,933 | 136,677 | - | 394,364
Sectoral financial assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -
Account receivable related to concession | 886,620 | 2,610,731 | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,497,351
Contract Assets | 4,729,547 | 1,701,448 | - | - | - | - | - | - | - | - | - | 502,754 | - | - | (6,739) | 6,927,010
Other non-current receivables | 276,590 | 65,322 | - | - | - | - | - | - | - | - | - | - | 479,938 | - | - | 479,938
Income tax and social contribution | 1,819 | 59,940 | - | 6,954 | - | - | - | 34,860 | - | - | - | - | - | 298,120 | - | 681,846
Deferred income tax and social contribution | - | 918,078 | - | - | - | - | - | - | - | - | - | - | 22,780 | 79,504 | - | 164,043
Other non-current recoverable taxes | 92,867 | 1,182,616 | - | 119,561 | - | - | - | - | - | - | - | - | - | 136,536 | - | 1,174,175
Prepaid expenses | - | - | - | - | - | 303 | 224 | 1,614 | - | - | - | - | 776 | 42,126 | - | 1,320,526
Related parties | - | - | - | 5,851 | - | - | 393,122 | - | - | - | - | - | - | - | (398,970) | -
Investments | 10,104,390 | 442 | - | - | - | - | 2,698,723 | - | - | - | - | - | - | 22,431,868 | (31,657,485) | 3,577,937
Property, plant and equipment, net | 3,160,968 | - | - | 317,388 | - | 80,590 | 4,462,642 | 306,000 | 180,931 | - | - | 229 | 702 | 7,248 | - | 8,516,697
Intangible assets | 3,260,920 | 9,788,358 | - | 173,337 | - | 901 | 8,809 | 1,918,982 | 3,827 | - | - | 39 | 5,731 | 8,546 | 1,454,158 | 16,623,610
Right to use an asset | 87,352 | 161,079 | - | 633 | - | 3,691 | 44,001 | 237 | - | - | - | - | 4,174 | 7,815 | - | 308,983
TOTAL | 26,278,782 | 23,567,303 | - | 748,720 | - | 149,155 | 9,081,210 | 2,425,999 | 245,173 | - | - | 614,670 | 1,447,083 | 26,429,176 | (33,603,120) | 57,384,156

37

Exhibit II- RESULT BY SUBSIDIARY > LIABILITIES BY COMPANY

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | R$'000
Liabilities - June-25 | Geração e Transmissão | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Pequenos Ativos Mantidos para Venda | MSG | Costa Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Eliminations | Consolidated
CURRENT | 3,937,880 | 6,805,190 | - | 113,626 | - | 10,873 | 815,260 | 220,534 | 15,981 | 11,539 | 107,617 | 79,023 | 877,174 | 45,660 | (2,380,943) | 10,659,414
Social charges and accruals | 85,225 | 182,598 | - | 591 | - | - | - | - | - | - | 675 | - | 4,622 | 16,448 | - | 290,159
Associated companies and parent company | 16,861 | 14,528 | - | - | - | 137 | 8,758 | 1,224 | 101 | 2,991 | 632 | 173 | 401 | 2,117 | (47,923) | -
Suppliers | 323,197 | 2,091,374 | - | 3,340 | - | 8,999 | 54,078 | 18,845 | 568 | 3,162 | 6,122 | 1,680 | 382,106 | 14,633 | (214,353) | 2,693,751
Income Tax and Social Contribution payable | - | - | - | 897 | - | 23 | 17,611 | 34,103 | 420 | 277 | - | 815 | 2,157 | - | (277) | 56,026
Other taxes | 2,169 | 261,631 | - | 895 | - | 121 | 7,674 | 2,377 | 121 | 61 | 3,520 | 286 | 8,956 | 665 | (58) | 288,418
Loans and financing | 602,333 | 3,189 | - | - | - | - | 127,454 | - | - | 5,048 | - | 4,963 | - | - | (5,048) | 737,939
Debentures | 1,157,874 | 1,621,672 | - | - | - | 1,573 | 53,816 | - | - | - | 94,896 | - | - | - | - | 2,929,831
Dividends payable | 1,301,299 | 357,315 | - | - | - | - | 87,067 | 147,926 | 14,752 | - | - | 70,109 | 158,753 | 4,874 | (2,137,221) | 4,874
Post employment benefits | 26,276 | 71,077 | - | - | - | - | - | - | - | - | - | - | 163 | 4,608 | - | 102,124
Customer charges due | 19,100 | 78,092 | - | - | - | - | - | 425 | - | - | - | 338 | - | - | - | 97,955
Research and development and energy efficiency | 2,837 | 89,985 | - | 139 | - | - | - | 3,868 | - | - | 428 | 572 | - | - | - | 97,829
Payables related to concession | 19,140 | - | - | 105,125 | - | - | - | 8,737 | - | - | - | - | - | - | - | 133,002
Sectorial financial liabilities | - | 1,803,749 | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,803,749
Other accounts payable | 13,579 | 48,838 | - | 284 | - | 20 | 750 | 122 | - | - | 276 | - | 200 | 729 | - | 64,798
Fair value in energy purchase and sale operations | - | - | - | - | - | - | - | - | - | - | - | - | 305,200 | - | - | 305,200
Other bills to pay | 201,617 | 181,142 | - | 2,355 | - | - | 458,052 | 2,907 | 19 | - | 1,068 | 87 | 14,616 | 1,586 | - | 863,449
PIS and Cofins to be refunded to consumers | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -
Provision for allocation of Pis and Cofins credits | - | - | - | - | - | - | - | - | - | - | - | - |  | - | - | -
Provisions for litigation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -
Liabilities associated with assets held for sale | 166,373 | - | - | - | - | - | - | - | - | - | - | - | - | - | 23,937 | 190,310
NON-CURRENT | 9,595,328 | 8,330,433 | - | 742,115 | - | 73,960 | 3,024,276 | 84,084 | 4,265 | 15,389 | 1,979,236 | 46,986 | 353,599 | 344,260 | (70,163) | 24,523,768
Social accruals | 5 | 70 | - | - | - | - | - | - | - | - | - | - | 6 | 1,786 | - | 1,867
Associated companies and parent company | - | - | - | - | - | - | 472,951 | - | - | - | - | - | - | 5,851 | (478,802) | -
Suppliers | 130,939 | - | - | 1 | - | - | 1 | - | - | - | - | - | 1 | - | - | 130,942
Deferred income tax and social contribution | 1,508,259 | - | - | 1,057 | - | - | 32,046 | 9,071 | 2,658 | - | 229,188 | 29,194 | 125,382 | - | 139,685 | 2,076,540
Tax liabilities | - | 266,317 | - | - | - | - | - | - | - | - | - | - | - | - | - | 266,317
Loans and financing | 472,913 | 750,053 | - | - | - | - | 2,000,096 | - | - | 15,389 | - | 13,425 | - | - | (15,389) | 3,236,487
Debentures | 5,914,031 | 4,955,946 | - | - | - | 69,729 | 331,983 | - | - | - | 1,711,932 | - | - | - | - | 12,983,621
Post-employment benefits | 308,414 | 724,567 | - | - | - | - | - | - | - | - | - | - | 2,396 | 37,421 | - | 1,072,798
Research and development and energy efficiency | - | 281,196 | - | - | - | - | - | 7,510 | - | - | 4,673 | 650 | - | - | - | 294,029
Payables related to the concession | 178,277 | - | - | 737,488 | - | - | - | 67,503 | - | - | - | - | - | - | - | 983,268
Sectorial financial liabilities | - | - | - | - | - | - | - | - | - | - | - | - |  | - | - | -
Lease liability | 78,995 | 117,592 | - | 284 | - | 3,850 | 47,026 | - | - | - | 547 | - | 4,606 | 8,272 | - | 261,172
Other payables | - | - | - | - | - | - | - | - | - | - | - | - | 220,918 | - | - | 220,918
Fair value in energy purchase and sale operations | 50,903 | 4,580 | - | - | - | 381 | 138,060 | - | - | - | 7,533 | 1 | - | 87,420 | (87,013) | 201,865
PIS/Cofins to be refunded to consumers | - | - | - | - | - | - | - | - | - | - | - | - |  | - | - | -
Provision for allocation of PIS and COFINS | - | 761,908 | - | - | - | - | - | - | - | - | - | - |  | - | - | 761,908
Provisions for litigation | 952,592 | 468,204 | - | 3,285 | - | - | 2,113 | - | 1,607 | - | 25,363 | 3,716 | 290 | 203,510 | 371,356 | 2,032,036
EQUITY | 14,429,127 | 7,927,911 | - | (124,304) | - | 61,839 | 5,310,607 | 2,163,799 | 237,402 | 90,056 | 1,375,240 | 520,286 | 350,417 | 25,596,150 | (32,379,675) | 25,558,855
Attributable to controlling shareholders | 14,429,127 | 7,927,911 | - | (124,304) | - | 61,839 | 5,310,607 | 2,163,799 | 237,402 | 90,056 | 1,375,240 | 520,286 | 350,417 | 25,596,150 | (32,342,380) | 25,596,150
Capital | 6,842,757 | 5,372,206 | - | 35,503 | - | 78,785 | 5,210,736 | 2,009,509 | 223,913 | 83,033 | 1,134,963 | 275,161 | 237,210 | 12,821,758 | (21,503,776) | 12,821,758
Advance for Future Capital Increase | - | - | - | - | - | - | 6,000 | - | - | 111 | - | - | - | - | (6,111) | -
Capital reserves | 22 | 767 | - | - | - | - | - | - | - | - | - | - | 57 | 9,459 | (846) | 9,459
Asset valuation adjustments | 509,035 | (420) | - | 2,053 | - | 356 | - | - | - | - | - | - | (137) | 489,080 | (510,887) | 489,080
Treasury shares | - | - | - | - | - | - | - | - | - | - | - | - | - | (120,084) | - | (120,084)
Legal Reserves | 1,027,643 | 391,901 | - | - | - | - | 52,936 | 65,950 | 1,479 | - | 21,982 | 31,640 | 30,275 | 1,766,110 | (1,623,806) | 1,766,110
Profit retention reserve | 5,239,801 | 1,778,070 | - | - | - | - | 320,557 | - | - | - | 161,360 | 186,658 | - | 9,363,866 | (7,686,446) | 9,363,866
Tax incentive reserve | 4,551 | - |  | - |  | - | - | - | - | - | - | - | - | 4,551 | (4,551) | 4,551
Additional proposed dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -
Accumulated profit | 805,318 | 385,387 | - | (161,860) | - | (17,302) | (279,622) | 88,340 | 12,010 | 6,912 | 56,935 | 26,827 | 83,012 | 1,261,410 | (1,005,957) | 1,261,410
Attributable to noncontrolling interests | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (37,295) | (37,295)
TOTAL | 27,962,335 | 23,063,534 | - | 731,437 | - | 146,672 | 9,150,143 | 2,468,417 | 257,648 | 116,984 | 3,462,093 | 646,295 | 1,581,190 | 25,986,070 | (34,830,781) | 60,742,037

38

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | R$'000
Liabilities - December-24 | Geração e Transmissão | Distribuição | Compagas | Elejor | UEG Araucária | Serviços | Wind Farms | FDA | Bela Vista | Pequenos Ativos Mantidos para Venda | MSG | Costa Oeste, Marumbi, Uirapuru | Mercado Livre | Holding | Eliminations | Consolidated
CURRENT | 5,107,929 | 5,979,105 | - | 114,110 | - | 11,151 | 655,490 | 153,431 | 5,495 | - | - | 29,976 | 878,302 | 404,699 | (2,997,302) | 10,342,381
Social charges and accruals | 119,712 | 265,757 | - | 381 | - | - | - | - | - | - | - | - | 4,447 | 20,805 | - | 411,102
Associated companies and parent company | 10,810 | 11,482 | - | - | - | 160 | 9,617 | 520 | 141 | - | - | 162 | 368 | 1,690 | (34,954) | -
Suppliers | 319,382 | 1,792,275 | - | 3,857 | - | 9,345 | 56,148 | 21,547 | 718 | - | - | 5,323 | 350,946 | 3,362 | (238,481) | 2,324,423
Income Tax and Social Contribution payable | - | - | - | - | - | 457 | 9,548 | 72,506 | 368 | - | - | 602 | - | - | - | 83,482
Other taxes | 24,925 | 252,462 | - | 736 | - | (24) | 7,382 | 5,255 | 177 | - | - | 362 | 10,462 | 614 | - | 302,346
Loans and financing | 1,097,232 | 2,971 | - | - | - | - | 126,082 | - | - | - | - | 4,921 | - | - | - | 1,231,205
Debentures | 1,056,707 | 908,720 | - | - | - | 1,192 | 58,491 | - | - | - | - | - | - | - | - | 2,025,110
Dividends payable | 1,699,433 | 663,654 | - | - | - | - | 21,710 | 36,982 | 3,688 | - | - | 17,527 | 280,873 | 3,881 | (2,723,868) | 3,878
Post employment benefits | 24,557 | 66,352 | - | - | - | - | - | - | - | - | - | - | 126 | 4,348 | - | 95,383
Customer charges due | 19,940 | 23,598 | - | - | - | - | - | 855 | - | - | - | 432 | - | - | - | 44,825
Research and development and energy efficiency | 13,567 | 161,074 | - | 104 | - | - | - | 3,827 | - | - | - | 577 | - | - | - | 179,149
Payables related to concession | 4,686 | - | - | 106,333 | - | - | - | 2,073 | - | - | - | - | - | - | - | 113,092
Sectorial financial liabilities | - | 935,322 | - | - | - | - | - | - | - | - | - | - | - | - | - | 935,322
Other accounts payable | 13,697 | 41,959 | - | 284 | - | 21 | 571 | 186 | - | - | - | - | 180 | 604 | - | 57,502
Fair value in the purchase and sale of energy | - | - | - | - | - | - | - | - | - | - | - | - | 214,955 | - | - | 214,955
Other bills to pay | 161,869 | 273,479 | - | 2,415 | - | - | 365,940 | 9,682 | 403 | - | - | 69 | 15,945 | 369,395 | - | 1,199,195
PIS and Cofins to be refunded to consumers | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -
Provision for allocation of PIS and Cofins credits | - | 580,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | 580,000
Provisions for litigation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -
Assets held for sale | 541,412 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 541,412
NON-CURRENT | 6,931,439 | 9,922,614 | - | 760,550 | - | 74,736 | 3,145,692 | 86,163 | 3,221 | - | - | 38,654 | 280,154 | 349,758 | (188,137) | 21,404,840
Social obligations | - | 30 | - | - | - | - | - | - | - | - | - | - | - | 427 | - | 457
Associated companies and parent company | - | - | - | - | - | - | 389,891 | - | - | - | - | - | - | 5,851 | (395,742) | -
Suppliers | 142,376 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 142,380
Deferred income tax and social contribution | 1,445,182 | - | - | 1,222 | - | 802 | 33,343 | 10,513 | 1,679 | - | - | 18,752 | 102,398 | - | 281,567 | 1,895,459
Tax liabilities | - | 291,195 | - | - | - | - | - | - | - | - | - | - | - | - | - | 291,195
Loans and financing | 566,724 | 750,733 | - | - | - | - | 2,054,424 | - | - | - | - | 15,708 | - | - | - | 3,387,589
Debentures | 3,892,598 | 6,205,483 | - | - | - | 69,701 | 434,474 | - | - | - | - | - | - | - | - | 10,602,255
Post-employment benefits | 304,420 | 718,933 | - | - | - | - | - | - | - | - | - | - | 2,342 | 37,631 | - | 1,063,326
Research and development and energy efficiency | - | 234,277 | - | - | - | - | - | 6,488 | - | - | - | 529 | - | - | - | 241,294
Payables related to the concession | 167,478 | - | - | 755,649 | - | - | - | 69,125 | - | - | - | - | - | - | - | 992,252
Sectorial financial liabilities | - | 142,488 | - | - | - | - | - | - | - | - | - | - | - | - | - | 142,488
Lease liability | 80,058 | 127,277 | - | 393 | - | 3,861 | 47,308 | 36 | - | - | - | - | 4,311 | 7,761 | - | 271,004
Other payables | - | - | - | - | - | - | - | - | - | - | - | - | 170,837 | - | - | 170,837
Fair value in the purchase and sale of energy | 53,364 | 6,275 | - | - | - | 369 | 184,203 | - | - | - | - | - | - | 90,966 | (88,156) | 247,021
PIS/Cofins to be refunded to consumers | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -
Provision for allocation of PIS and Cofins credits | - | 1,000,588 | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000,588
Provisions for litigation | 279,240 | 445,335 | - | 3,285 | - | - | 2,049 | - | 1,542 | - | - | 3,664 | 265 | 207,123 | 14,194 | 956,696
EQUITY | 14,239,413 | 7,665,584 | - | (125,940) | - | 63,269 | 5,280,029 | 2,186,403 | 236,457 | - | - | 546,040 | 288,629 | 25,674,718 | (30,417,679) | 25,636,934
Attributable to controlling shareholders | 14,239,413 | 7,665,584 | - | (125,940) | - | 63,269 | 5,280,029 | 2,186,403 | 236,457 | - | - | 546,040 | 288,629 | 25,674,718 | (30,379,896) | 25,674,717
Capital | 6,242,757 | 5,372,206 | - | 35,503 | - | 78,785 | 5,186,230 | 2,009,509 | 223,913 | - | - | 275,161 | 237,210 | 12,821,758 | (19,661,293) | 12,821,758
Advance for Future Capital Increase | 600,000 | - | - | - | - | - | 3,000 | - | - | - | - | - | - | - | (603,000) | -
Capital reserves | - | 166 | - | - | - | - | - | - | - | - | - | - | - | 5,595 | (166) | 5,595
Equity valuation adjustments | 537,346 | (420) | - | 2,372 | - | 148 | - | - | - | - | - | - | (137) | 517,408 | (539,309) | 517,408
Treasury shares | - | - | - | - | - | - | - | - | - | - | - | - | - | (50,044) | - | (50,044)
Legal Reserves | 1,027,643 | 391,901 | - | - | - | - | 53,090 | 65,950 | 1,479 | - | - | 31,639 | 30,275 | 1,766,110 | (1,601,979) | 1,766,110
Profit retention reserve | 5,239,801 | 1,778,071 | - | - | - | - | 343,425 | - | - | - | - | 186,658 | - | 9,363,866 | (7,547,951) | 9,363,866
Additional proposed dividends | 591,866 | 123,660 | - | - | - | - | 41,574 | 110,945 | 11,064 | - | - | 52,581 | 21,279 | 1,250,025 | (952,968) | 1,250,025
Accumulated profit | - | - | - | (163,815) | - | (15,664) | (347,290) | - | - | - | - | - | - | - | 526,769 | -
Attributable to noncontrolling interests | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (37,783) | (37,783)
TOTAL | 26,278,782 | 23,567,303 | - | 748,720 | - | 149,155 | 9,081,210 | 2,425,999 | 245,173 | - | - | 614,670 | 1,447,083 | 26,429,176 | (33,603,120) | 57,384,156

39

Exhibit III - ENERGY MARKET> DISTRIBUTION AND TOTAL MARKET

Copel’s Total Market |  | Number of Customers / Agreements |  | Energy Sold (GWh)
| Jun-25 | Jun-24 | ∆% |  | 2Q25 | 2Q24 | Δ% |  | 1H25 | 1H24 | Δ%
Copel DIS |  | 5,228,669 | 5,137,853 | 1.8 |  | 5,817 | 5,469 | 6.4 |  | 12,015 | 11,145 | 7.8
Captive Market |  | 5,228,467 | 5,137,652 | 1.8 |  | 4,814 | 5,359 | (10.2) |  | 10,426 | 11,112 | (6.2)
Concessionaries and Licensees |  | 2 | 2 | - |  | 9 | 25 | (63.9) |  | 19 | 49 | (60.2)
CCEE (Assigments MCSD EN) |  | 200 | 199 | 0.5 |  | 416 | 35 | 1,087.2 |  | 582 | 70 | 737.7
CCEE (MVE) |  | - | - | - |  | - | - | - |  | - | - | -
CCEE (MCP)2 |  | - | - | - |  | 578 | 50 | 1,056.0 |  | 988 | (85) | -
Copel GeT |  | 488 | 519 | (6.0) |  | 3,708 | 4,039 | (8.2) |  | 8,428 | 8,696 | (3.1)
CCEAR (Copel DIS) |  | 4 | 4 | - |  | 30 | 30 | 1.0 |  | 65 | 64 | 1.2
CCEAR (other concessionaries) |  | 119 | 119 | - |  | 544 | 569 | (4.4) |  | 1,145 | 1,155 | (0.8)
Bilateral Agreements (Copel Comercialização) |  | 360 | 393 | (8.4) |  | 3,237 | 3,275 | (1.2) |  | 7,126 | 7,063 | 0.9
Bilateral Agreements 1 |  | 5 | 3 | 66.7 |  | 60 | 42 | 42.9 |  | 108 | 92 | 17.6
CCEE (MCP)2 |  | - | - | - |  | (163) | 123 | - |  | (16) | 322 | -
Wind Farms Complexes |  | 670 | 583 | 14.9 |  | 1,177 | 1,054 | 11.7 |  | 2,428 | 2,175 | 11.6
CCEAR (Copel DIS) |  | 19 | 15 | 26.7 |  | 32 | 34 | (5.9) |  | 65 | 65 | -
CCEAR (other concessionaries) |  | 616 | 541 | 13.9 |  | 658 | 627 | 4.9 |  | 1,310 | 1,195 | 9.6
CER |  | 10 | 10 | - |  | 228 | 228 | - |  | 453 | 464 | (2.4)
Bilateral Agreements (Copel Comercialização) |  | 14 | 6 | 133.3 |  | 140 | 91 | 53.8 |  | 247 | 179 | 38.0
Bilateral Agreements |  | 11 | 11 | - |  | 111 | 119 | (6.7) |  | 236 | 240 | (1.7)
CCEE (MCP)2 |  | - | - | - |  | 8 | (45) | - |  | 117 | 32 | -
Copel Comercialização |  | 1,688 | 1,532 | 10.2 |  | 6,686 | 5,527 | 21.0 |  | 13,258 | 11,569 | 14.6
Free Customers |  | 1,477 | 1,361 | 8.5 |  | 2,477 | 2,621 | (5.5) |  | 4,745 | 5,229 | (9.2)
CCEAR (other concessionaries) |  | 25 | - | - |  | 102 | - | - |  | 102 | - | -
Bilateral Agreements (Group Companies) |  | 19 | 6 | 216.7 |  | 299 | 129 | 131.8 |  | 656 | 283 | 131.8
Bilateral Agreements |  | 167 | 165 | 1.2 |  | 3,736 | 2,747 | 36.0 |  | 7,694 | 5,960 | 29.1
CCEE (MCP)2 |  | - | - | - |  | 72 | 30 | - |  | 61 | 97 | (37.1)
Total Copel |  | 5,231,515 | 5,140,487 | 1.8 |  | 17,388 | 16,089 | 8.1 |  | 36,130 | 33,585 | 7.6
Eliminations (intra-group operations) |  | - | - | - |  | 3,738 | 3,559 | 5.0 |  | 8,158 | 7,654 | 6.6
Total Consolidated Copel |  | - | - | - |  | 13,650 | 12,530 | 8.9 |  | 27,972 | 25,931 | 7.9
Note: Not considering the energy from MRE (Energy Relocation Mechanism) and the energy from TPP Araucária sold in the CCEE Spot Market. 1 Includes Short Term Sales Agreements and CBR 2 Assured Power allocated in the period, after impact of the GSF. CCEE: Electric Power Trade Chamber / CCEAR: Energy Purchase Agreements in the Regulated Market / MCP: Short Term Market / CER: Agreements Reserve Energy / MCSD EN - Mechanism for Compensation of Surpluses and Deficits of New Energy / MVE - MVE - Sale of energy to the free market through the Surplus Selling Mechanism.
Copel’s Dis Market |  | Number of Customers |  | Consumed Energy (GWh)
| Jun-25 | Jun-24 | Δ% |  | 2Q25 | 2Q24 | Δ% |  | 1H25 | 1H24 | Δ%
Residential |  | 4,348,267 | 4,252,182 | 2.3 |  | 2,359 | 2,419 | (2.5) |  | 5,186 | 5,102 | 1.6
Industrial |  | 68,496 | 68,966 | (0.7) |  | 3,316 | 3,227 | 2.8 |  | 6,435 | 6,251 | 2.9
Captive |  | 66,088 | 67,486 | (2.1) |  | 327 | 451 | (27.5) |  | 666 | 885 | (24.7)
Free |  | 2,408 | 1,480 | 62.7 |  | 2,989 | 2,777 | 7.7 |  | 5,769 | 5,366 | 7.5
Commercial |  | 450,146 | 444,675 | 1.2 |  | 1,818 | 1,860 | (2.3) |  | 3,801 | 3,808 | (0.2)
Captive |  | 446,942 | 442,703 | 1.0 |  | 1,072 | 1,211 | (11.5) |  | 2,323 | 2,514 | (7.6)
Free |  | 3,204 | 1,972 | 62.5 |  | 746 | 648 | 15.1 |  | 1,478 | 1,295 | 14.2
Rural |  | 310,761 | 319,352 | (2.7) |  | 663 | 700 | (5.3) |  | 1,425 | 1,440 | (1.1)
Captive |  | 310,602 | 319,264 | (2.7) |  | 595 | 647 | (8.0) |  | 1,285 | 1,337 | (3.9)
Free |  | 159 | 88 | 80.7 |  | 68 | 53 | 27.5 |  | 140 | 103 | 36.2
Others |  | 57,363 | 56,041 | 2.4 |  | 632 | 648 | (2.6) |  | 1,279 | 1,296 | (1.3)
Captive |  | 56,568 | 56,017 | 1.0 |  | 462 | 631 | (26.8) |  | 966 | 1,274 | (24.2)
Free |  | 795 | 24 | 3,212.5 |  | 169 | 17 | - |  | 313 | 22 | -
Total Captive Market |  | 5,228,467 | 5,137,652 | 1.8 |  | 4,814 | 5,359 | (10.2) |  | 10,426 | 11,112 | (6.2)
Total Free Market |  | 6,566 | 3,564 | 84.2 |  | 3,972 | 3,495 | 13.7 |  | 7,700 | 6,786 | 13.5
Supply to Concessionaries |  | 7 | 7 | - |  | 264 | 259 | 2.0 |  | 511 | 499 | 2.5
Total Grid Market |  | 5,235,040 | 5,141,223 | 1.8 |  | 9,050 | 9,113 | (0.7) |  | 18,637 | 18,396 | 1.3
Micro and Mini Distributed Energy Generation |  | 472,740 | 361,460 | 30.8 |  | (772) | (612) | 26.2 |  | (1,668) | (1,278) | 30.5
Total Billed Market |  |  |  |  |  | 8,278 | 8,500 | (2.6) |  | 16,969 | 17,118 | (0.9)

40

Exhibit III - ENERGY MARKET> TARIFFS

Supply Tariff (R$/MWh) | 2025 | Product Class* | Validity*
Amount MW average/year | Preço (R$) 1
Copel Geração e Transmissão |  |  |  |  |
Auction CCEAR 2011 - 2040 ( HPP Mauá) | 145 | 318.39 | SP100 (51%) SP92 (49%) | 07.01.2020 | 12.31.2040
Auction - CCEAR 2024 - 2053 (SHP Bela Vista) | 14 | 283.03 | - | 01.01.2024 | 31.12.2053
Copel Distribuição |  |  |  |  |
Concession holders in the State of Paraná | 17 | 316.97 | - | - | -
Total / Tariff Weighted Average Supply | 176 | 315.44 |  | - | -
1 With PIS/COFINS. Net ICMS. Prices updated by the IPCA, from the reference dates until June 2025.
*GSF renegotiation ​ |
Purchase Tariff - Copel Distribuição (R$/MWh) | Amount | Jun/25 | Jun/24 | Δ% |
Average MW |
Itaipu 1 | 479.60 | 246.85 | 243.44 | 1.4% |
Auction – CCEAR 2010 – H30 | 65.20 | 317.10 | 304.15 | 4.3% |
Auction – CCEAR 2010 – T15 2 | - |  | 283.43 | 0.0% |
Auction – CCEAR 2011 – H30 | 53.80 | 326.94 | 313.58 | 4.3% |
Auction – CCEAR 2011 – T15 2 | 53.70 | 269.53 | 264.54 | 1.9% |
Auction – CCEAR 2012 – T15 2 | 107.50 | 195.04 | 186.17 | 4.8% |
Auction – CCEAR 2016 – T20 2 | 26.60 | 240.88 | 229.22 | 5.1% |
Angra | 96.80 | 315.90 | 356.25 | -11.3% |
CCGF 3 | 341.80 | 206.63 | 186.90 | 10.6% |
Santo Antônio | 128.60 | 202.90 | 194.60 | 4.3% |
Jirau | 214.00 | 178.52 | 171.22 | 4.3% |
Others Auctions 4 | 804.00 | 234.05 | 228.25 | 2.5% |
Total / Average Purchuse Tariff | 2,371.70 | 232.83 | 226.86 | 2.6% |
Contains PIS and COFINS
1 Furnas transport charge not included.
2 Average auction price restated according as bilateral payment to vendors. It does not include hiring effects recorded by the CCEE.
3 Contract of quotas of assured power of those HPPs which concessions were extended pursuant the new rules of Law 12783/13.
4 Products average price, does not include PROINFA.
*The table has been updated for all periods as new calculation methodology for average prices, a result of the 4th phase of the Public Hearing 78/2011 Aneel approved on 03.28.2016.
Retail Tariff - Copel Distribuição (R$/MWh) |  | Jun/25 | Jun/24 | Δ% |
Industrial |  | 543.51 | 555.88 | -2.2% |
Residential |  | 513.29 | 546.46 | -6.1% |
Commercial |  | 558.85 | 609.36 | -8.3% |
Rural |  | 540.79 | 596.42 | -9.3% |
Other |  | 588.74 | 597.68 | -1.5% |
Retail Tariff supply average tariff |  | 592.40 | 615.21 | -3.7% |
Demand average tariff (R$/kW) |  | 38.85 | 37.85 | 2.6% |
Does not consider tariff flags, Pis/Pasep and net of ICMS. |  |  |  |  |

41

Exhibit III - ENERGY MARKET> ELECTRICITY PURCHASED AND CHARGES

|  |  |  |  |  | R$'000
Electricity Purchased for Resale | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ%
Purchase of energy in the regulated party - CCEAR | 934,106 | 976,498 | (4.3) | 1,872,515 | 1,932,015 | (3.1)
Itaipu Binacional | 256,008 | 241,436 | 6.0 | 499,005 | 454,522 | 9.8
Câmara de Comercialização de Energia - CCEE | 308,216 | 106,772 | 188.7 | 385,632 | 172,606 | 123.4
Micro and mini generators and customer repurchase | 508,266 | 381,975 | 33.1 | 1,100,411 | 809,918 | 35.9
Proinfa | 107,460 | 84,495 | 27.2 | 213,329 | 168,712 | 26.4
Bilateral Agreements | 677,505 | 385,594 | 75.7 | 1,174,818 | 789,163 | 48.9
Fair value in the purchase and sale of energy | - | 31,042 | - | - | 43,881 | -
(-) PIS/Pasep and Cofins | (228,152) | (194,878) | 17.1 | (429,948) | (384,416) | 11.8
TOTAL | 2,563,409 | 2,012,934 | 27.3 | 4,815,762 | 3,986,401 | 20.8
|  |  |  |  |  | R$'000
Charges of the main distribution and transmission grid | 2Q25 | 2Q24 | Δ% | 1H25 | 1H24 | Δ%
Itaipu transportation charges | 43,445 | 56,470 | (23.1) | 84,231 | 109,586 | (23.1)
System Service Charges - ESS | 669 | 9,375 | (92.9) | 6,566 | 22,458 | (70.8)
System usage charges | 615,970 | 665,905 | (7.5) | 1,224,825 | 1,328,368 | (7.8)
Charge reserve energy - EER | 130,974 | 116,058 | 12.9 | 236,614 | 221,736 | 6.7
Grid Use charges - Provisions | 59 | (3) |  | 56 | 48 | 16.7
(-) PIS / Pasep and Cofins taxes on charges for use of power grid | (80,539) | (87,521) | (8.0) | (159,191) | (173,838) | (8.4)
TOTAL | 710,578 | 760,284 | (6.5) | 1,393,101 | 1,508,358 | (7.6)

42

Exhibit III - ENERGY MARKET> ENERGY BALANCE

|  |  |  |  |  | (average MW)
Energy Balance - Copel GET - Jun-25 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030
Own Resources GeT | 1,956 | 1,890 | 1,901 | 1,920 | 1,928 | 1,928
GeT (1) | 1,359 | 1,291 | 1,291 | 1,291 | 1,291 | 1,291
GPS (CCGF) (2) | 73 | 73 | 73 | 73 | 73 | 73
Bela Vista + FDA | 524 | 526 | 537 | 556 | 564 | 564
Own Resources SPP and Wind Farm | 544 | 544 | 544 | 544 | 544 | 544
Purchases | 189 | 35 | - | - | - | -
TOTAL OWN RESOURCES + SOLD | 2,689 | 2,469 | 2,445 | 2,464 | 2,472 | 2,472
TOTAL SOLD | 2,348 | 2,058 | 1,781 | 1,492 | 1,159 | 908
Sales (Regulated) | 737 | 706 | 706 | 706 | 706 | 706
Sales (Regulated) % | 27% | 29% | 29% | 29% | 29% | 29%
Sales (Free Market) | 1,611 | 1,352 | 1,075 | 786 | 453 | 202
Sales (Free Market) % | 60% | 55% | 44% | 32% | 19% | 8%
Total Available | 340 | 410 | 663 | 971 | 1312 | 1563
Total Available (%) | 13% | 16% | 27% | 39% | 53% | 63%
Avarege price of energy sold (R$) | 176.80 | 187.10 | 188.81 | 198.57 | 212.94 | 230.83
Reference: June/25 |  |  |  |  |  |
(1) Includes Mauá 100% from June25 and GPS 30% (ex-CCGF). Does not include Baixo Iguaçu, Elejor and Foz do Chopim.
(2) GPS 70% (quota regime).
(3) Does not include Voltália Wind Complex.
(3) Average gross energy price (with PIS/COFINS and without ICMS). The GPS CCGF RAG is not considered in the calculation of average prices.

43

44

Exhibit III - ENERGY MARKET> WIND POWER PRICES

Wind Farms - Sold | Auction ¹ | Price (R$)² | Certification | Amount MW average/year | Start of Supply | End of Supply
São Bento Energia, Invest. e Part. S.A. |  |  |  |  |  |
GE Boa Vista S.A. | 2º LFA (08/26/2010) | 324.37 | P50 | 5.70 | 01.01.2013 | 12.31.2032
GE Farol S.A. | 314.92 | P50 | 9.10
GE Olho D’Água S.A. | 314.92 | P50 | 14.90
GE São Bento do Norte S.A. | 314.92 | P50 | 14.00
Copel Brisa Potiguar S.A. |  |  |  |  |  |
Nova Asa Branca I Energias Renováveis S.A. | 2º LFA (08/26/2010) | 318.28 | P50 | 13.20 | 01.01.2013 | 12.31.2032
Nova Asa Branca II Energias Renováveis S.A. | 318.28 | P50 | 12.80
Nova Asa Branca III Energias Renováveis S.A. | 318.28 | P50 | 12.50
Nova Eurus IV Energias Renováveis S.A. | 318.28 | P50 | 13.70
Santa Maria Energias Renováveis S.A. | 4º LER (08/18/2011) | 224.30 | P50 | 15.70 | 07.01.2014 | 06.30.2034
Santa Helena Energias Renováveis S.A. | 224.30 | P50 | 16.00
Ventos de Santo Uriel S.A. | 222.57 | P50 | 9.00
Cutia |  |  |  |  |  |
UEE Cutia S.A. | 6º LER (10/31/2014) | 263.84 | P90 | 9.60 | 10.01.2017 | 09.30.2037
UEE Esperança do Nordeste S.A. | 263.84 | P90 | 9.10
UEE Guajiru S.A. | 263.84 | P90 | 8.30
UEE Jangada S.A. | 263.84 | P90 | 10.30
UEE Maria Helena S.A. | 263.84 | P90 | 12.00
UEE Paraíso dos Ventos do Nordeste S.A. | 263.84 | P90 | 10.60
UEE Potiguar S.A. | 263.84 | P90 | 11.30
Bento Miguel |  |  |  |  |  |
CGE São Bento do Norte I S.A. | 20ª LEN (11/28/2014) | 249.91 | P90 | 9.70 | 01.01.2019 | 12.31.2038
CGE São Bento do Norte II S.A. | 249.91 | P90 | 10.00
CGE São Bento do Norte III S.A. | 249.91 | P90 | 9.60
CGE São Miguel I S.A. | 249.91 | P90 | 8.70
CGE São Miguel II S.A. | 249.91 | P90 | 8.40
CGE São Miguel III S.A. | 249.91 | P90 | 8.40
Vilas |  |  |  |  |  |
Vila Ceará I (Antiga Vila Paraíba IV) | 28ª LEN (08/31/2018) | 134.38 | P90 | 8.20 | 01.01.2024 | 12.31.2043
Vila Maranhão I | 134.38 | P90 | 8.30
Vila Maranhão II | 134.38 | P90 | 8.30
Vila Maranhão III (Antiga Vila Paraíba III) | 134.38 | P90 | 8.20
Vila Mato Grosso (Antiga Vila Alagoas III) | 29ª LEN (06/28/2019) | 112.10 | P90 | 3.30 | 01.01.2023 | 12.31.2042
Jandaira |  |  |  |  |  |
Jandaira I | 30ª LEN (10/18/2019) | 137.09 | P90 | 1.60 | 01.01.2025 | 12.31.2044
Jandaira II | 137.09 | P90 | 4.10
Jandaira III | 137.09 | P90 | 4.40
Jandaira IV | 137.09 | P90 | 4.30
Aventura |  |  |  |  |  |
Aventura II | 26º LEN (20/12/2017) | 144.92 | P90 | 11.70 | 01.01.2023 | 12.31.2042
Aventura III | 144.92 | P90 | 12.80
Aventura IV | 144.92 | P90 | 14.10
Aventura V | 144.92 | P90 | 15.00
Santa Rosa & Mundo Novo |  |  |  |  |  |
Santa Rosa & Mundo Novo I | 26º LEN (20/12/2017) | 147.91 | P90 | 16.50 | 01.01.2023 | 12.31.2042
Santa Rosa & Mundo Novo II | 147.91 | P90 | 17.00
Santa Rosa & Mundo Novo III | 147.91 | P90 | 18.00
Santa Rosa & Mundo Novo IV | 147.91 | P90 | 7.50
Santa Rosa & Mundo Novo V | 147.91 | P90 | 8.10
Voltália3 |  |  |  |  |  |
Carnaúbas | 04ª LER (08/18/2011) | 217.57 | - | 13.10 | 07.01.2014 | 06.30.2034
Reduto | 217.57 | - | 13.90
Santo Cristo | 217.57 | - | 14.80
São João | 217.57 | - | 14.30
¹LFA - Alternative Sources Auction/LER - Reserve Energy Auction/LEN - New Energy Auction.
² Price updated by IPCA until Jun/25 (Reference Jul/25). Source: CCEE
3 Values presented refer to 100% of the Complex. Copel has a 49% stake in the project.

45

Exhibit III - ENERGY MARKET> ENERGY FLOW

|  |  |  |  |  |  |  |  |  |  |  | GWh
Energy Flow | COPEL DIS | COPEL GET + FDA + BELA VISTA | EÓLICAS | COPEL COM | ELIMINAÇÕES | CONSOLIDADO
2Q25 | 2Q24 | 2Q25 | 2Q24 | 2Q25 | 2Q24 | 2Q25 | 2Q24 | 2Q25 | 2Q24 | 2Q25 | 2Q24
Own Generation |  |  | 2,726 | 5,389 | 799 | 682 |  |  |  |  | 3,525 | 6,071
Purchased energy | 5,588 | 5,707 | 1202 | 177 | 107 | 36 | 6,686 | 5,527 | 3,736 | 3,554 | 9,847 | 7,893
Copel Comercialização |  |  | 192 | 93 | 107 | 36 |  |  | 299 | 129 |  |
Companies of the group | 61 | 60 |  |  |  |  | 3,376 | 3,365 | 3,437 | 3,425 |  |
Itaipu | 1,108 | 1,134 |  |  |  |  |  |  |  |  | 1,108 | 1,134
Auction – CCEAR | 3,105 | 3,192 |  |  |  |  |  |  |  |  | 3,105 | 3,192
CCEE (MCP) | 0 | 57 |  |  |  |  |  |  |  |  | 0 | 57
Angra | 211 | 213 |  |  |  |  |  |  |  |  | 211 | 213
CCGF | 757 | 933 |  |  |  |  |  |  |  |  | 757 | 933
Proinfa | 88 | 105 |  |  |  |  |  |  |  |  | 88 | 105
Other (1) | 258 | 13 | 32 |  |  | 0 | 3,277 | 2,162 |  |  | 3,567 | 2,175
Elejor |  |  |  |  |  |  |  |  |  |  |  | 0
Dona Francisca |  |  |  | 33 |  |  | 33 |  |  |  | 33 | 33
MRE Receipt |  |  | 978 | 51 |  |  |  |  |  |  | 978 | 51
Avaiable | 5,588 | 5,707 | 3,928 | 5,566 | 906 | 718 | 6,686 | 5,527 | 3,738 | 3,554 | 13,370 | 13,964
Captive Market | 4,814 | 5,359 |  |  |  |  |  |  |  |  | 4,814 | 5,359
Concessionaires (2) | 9 | 25 |  |  |  |  |  |  |  |  | 9 | 25
CCEE concessionaire supply (3) |  |  | 44 | 42 |  |  |  |  |  |  | 44 | 42
CCEE (MCSD EN Assignments) (4) | 416 | 35 |  |  |  |  |  |  |  |  | 416 | 35
CCEE (MVE) (5) |  |  |  |  |  |  |  |  |  |  |  |
CCEE (MCP) (6) | 578 | 107 | -163 | 123 | 8 | -45 | 72 | 30 |  |  | 495 | 215
Free Customers |  |  |  |  |  |  | 2,477 | 2,621 |  |  | 2,477 | 2,621
Bilateral Agreements |  |  | 16 | 0 | 111 | 119 | 3,736 | 2,747 |  |  | 3,863 | 2,866
Auction – CCEAR (7) |  |  | 544 | 569 | 658 | 627 | 102 |  |  |  | 1,304 | 1196
MRE assignment (8) |  |  | 220 | 1,527 |  |  |  |  |  |  | 220 | 1,527
CER (9) |  |  |  |  | 228 | 228 |  |  |  |  | 228 | 228
Copel Comercialização |  |  | 3,237 | 3,275 | 140 | 90 |  |  | 3,377 | 3,365 |  |
Companies of the group |  |  | 30 | 30 | 32 | 30 | 299 | 129 | 361 | 189 |  |
Losses and Differences (10) | -229 | 181 |  |  | -271 | -331 |  |  |  |  | -500 | -150
(1) Others: Energy purchased by Copel Comercialização. Includes MCSD EM Assignments of Copel Distribuição (purchase)
(2) Energy supply to concessionaires and licensees with their own market below 500GWh/year
(3) Supply of energy to CCEE's agent distributor, through a Regulated Bilateral Contract Agreement - CBR
(4) Assignments MCSD EN - Contractual assignments to other distributors through the New Energy Surplus and Deficit Compensation Mechanism
(5) CCEE (MVE): Financial settlement of energy surpluses from the distributor to the free market through the Surplus Sale Mechanism
(6) CCEE (MCP): Electric Energy Commercialization Chamber (Spot Market).
(7) CCEAR: Energy Trading Agreement in the Regulated Environment.
(8) MRE: Energy Reallocation Mechanism.
(9) CER: Reserve Energy Contract.
(10) Considers the effects of Mini and Micro Distributed Generation (MMGD).
(11) CG: Submarket Center of Gravity (difference between billed and received energy at the CG).
It does not consider the energy produced by UTE Araucária sold on the spot market (MCP).
|  |  |  |  |  |  |  |  |  |  |  | GWh
Energy Flow | COPEL DIS | COPEL GET + FDA + BELA VISTA | EÓLICAS | COPEL COM | ELIMINAÇÕES | CONSOLIDADO
1H25 | 1H24 | 1H25 | 1H24 | 1H25 | 1H24 | 1H25 | 1H24 | 1H25 | 1H24 | 1H25 | 1H24
Own Generation |  |  | 9,029 | 11,387 | 1,551 | 1,323 |  |  |  |  | 10,580 | 12,710
Purchased energy | 11,638 | 11,857 | 1,454 | 263 | 298 | 194 | 13,269 | 11,569 | 8,155 | 7,648 | 18,504 | 16,235
Copel Comercialização |  |  | 357 | 93 | 298 | 190 |  |  | 655 | 283 |  |
Companies of the group | 128 | 124 |  |  |  |  | 7,372 | 7,241 | 7,500 | 7,365 |  |
Itaipu | 2,203 | 2,268 |  |  |  |  |  |  |  |  | 2,203 | 2,268
Auction – CCEAR | 6,574 | 6,582 |  |  |  |  |  |  |  |  | 6,574 | 6,582
CCEE (MCP) |  | 239 |  |  |  |  | 11 |  |  |  | 11 | 239
Angra | 420 | 426 |  |  |  |  |  |  |  |  | 420 | 426
CCGF | 1,618 | 1,981 |  |  |  |  |  |  |  |  | 1,618 | 1,981
Proinfa | 182 | 211 |  |  |  |  |  |  |  |  | 182 | 211
Other (1) | 513 | 26 | 65 |  |  | 4 | 5,853 | 4,328 |  |  | 6,431 | 4,358
Elejor |  |  |  |  |  |  |  |  |  |  |  | 0
Dona Francisca |  |  | 33 | 66 |  |  | 33 |  |  |  | 66 | 66
MRE Receipt |  |  | 999 | 104 |  |  |  |  |  |  | 999 | 104
Avaiable | 11,638 | 11,857 | 10,483 | 11,650 | 1,849 | 1517 | 13,269 | 11,569 | 8,158 | 7,648 | 29,081 | 28,945
Captive Market | 10,425 | 11,112 |  |  |  |  |  |  |  |  | 10,425 | 11,112
Concessionaires (2) | 19 | 49 |  |  |  |  |  |  |  |  | 19 | 49
CCEE concessionaire supply (3) |  |  | 92 | 88 |  |  |  |  |  |  | 92 | 88
CCEE (MCSD EN Assignments) (4) | 583 | 70 |  |  |  |  |  |  |  |  | 583 | 70
CCEE (MVE) (5) |  |  |  |  |  |  |  |  |  |  |  |
CCEE (MCP) (6) | 988 | 154 | (15) | 322 | 117 | 32 | 72 | 97 |  |  | 1162 | 605
Free Customers |  |  |  |  |  |  | 4,745 | 5,229 |  |  | 4,745 | 5,229
Bilateral Agreements |  |  | 16 | 4 | 236 | 240 | 7,694 | 5,960 |  |  | 7,946 | 6,204
Auction – CCEAR (7) |  |  | 1,145 | 1,155 | 1,310 | 1,195 | 102 |  |  |  | 2,557 | 2350
MRE assignment (8) |  |  | 2,055 | 2,954 |  |  |  |  |  |  | 2,055 | 2,954
CER (9) |  |  |  |  | 453 | 464 |  |  |  |  | 453 | 464
Copel Comercialização |  |  | 7,126 | 7,063 | 247 | 178 |  |  | 7,373 | 7,241 |  |
Companies of the group |  |  | 64 | 64 | 65 | 61 | 656 | 283 | 785 | 407 | 0 | 1
Losses and Differences (10) | (377) | 472 |  |  | (579) | (653) |  |  |  |  | -956 | -181
(1) Others: Energy purchased by Copel Comercialização. Includes MCSD EM Assignments of Copel Distribuição (purchase)
(2) Energy supply to concessionaires and licensees with their own market below 500GWh/year
(3) Supply of energy to CCEE's agent distributor, through a Regulated Bilateral Contract Agreement - CBR
(4) Assignments MCSD EN - Contractual assignments to other distributors through the New Energy Surplus and Deficit Compensation Mechanism
(5) CCEE (MVE): Financial settlement of energy surpluses from the distributor to the free market through the Surplus Sale Mechanism
(6) CCEE (MCP): Electric Energy Commercialization Chamber (Spot Market).
(7) CCEAR: Energy Trading Agreement in the Regulated Environment.
(8) MRE: Energy Reallocation Mechanism.
(9) CER: Reserve Energy Contract.
(10) Considers the effects of Mini and Micro Distributed Generation (MMGD).
(11) CG: Submarket Center of Gravity (difference between billed and received energy at the CG).
It does not consider the energy produced by UTE Araucária sold on the spot market (MCP).

46

Exhibit III - ENERGY MARKET> ENERGY FLOW

47

Exhibit IV - OPERATIONAL DATA> INDICATORS SUMMARY

MANAGEMENT |  |  |  |  |  |
Copel Staff List | 2020 | 2021 | 2022 | 2023 | 2024 | Jun-25
Geração e Transmissão | 1,533 | 1,523 | 1,487 | 1,477 | 1,091 | 1,019
Distribuição | 4,641 | 4,430 | 4,257 | 4,203 | 3,199 | 3,032
Telecomunicações | 355 | - | - | - | - | -
Holding | 96 | 169 | 84 | 83 | 60 | 53
Comercialização | 42 | 44 | 47 | 41 | 39 | 44
Serviços | - | - | 217 | - | - | -
TOTAL | 6,667 | 6,166 | 6,092 | 5,804 | 4,389 | 4,148
Cotrolated Staff List | 2020 | 2021 | 2022 | 2023 | 2024 | Jun-25
Elejor | 7 | 7 | 7 | 7 | 7 | 11
GENERATION |  |  |  |  |  |
Copel GET | Amount | Installed Capacity (MW) | Assured Power (Average MW)
Hydroelectric | 7 |  | 4,833.3 |  | 1,990.3 |
Wind | 42 |  | 1,127.9 |  | 560.9 |
Copel GET (Interest) |  | Proportional installed capacity (MW) | Proporcional Assured Power (Average MW)
Hydroelectric | 1 |  | 10.4 |  | 7.3 |
Total Copel GET |  |  | 5,971.6 |  | 2,558.5 |
Other Interest Copel |  | Proportional installed capacity (MW) | Proporcional Assured Power (Average MW)
Hydroelectric | 5 |  | 201.3 |  | 109.7 |
Wind | 4 |  | 53.2 |  | 28.0 |
Solar | 1 |  | 1.1 |  | - |
Total Other Interest | 10 |  | 255.6 |  | 137.7 |
TOTAL Copel Group |  |  | 6,227.2 |  | 2,696.2 |
TRANSMISSION |  |  |  |  |  |
Copel GeT | Amount |  | APR (R$ million)
Transmission Lines (km) |  | 4,591 |  | 1,423.9
Substation (amount) |  | 46 |
Interest | Amount |  | Proporcional APR (R$ million)
Transmission Lines (km) |  | 5,093 |  | 387.4
Substation (amount) |  | 7 |
TOTAL | TL | 9,684 |  | 1,811.3
Substation | 53 |
DISTRIBUTION |  |  |  |  |  |
Distribution lines (km) | 216,422 |  |  | Captive customers | 5,228,467 |
Substations | 404 |  |  | Customers by distribution employee | 1,724 |
Installed power substations (MVA) | 12,253 |  |  | DEC (in hundredths of an hour and minute) | 7.49 |
Municipalities served | 395 |  |  | FEC (number of outages) | 4.94 |
Locations served | 1,068 |  |  |  |  |
MERCADO LIVRE |  |  |  |  |  |
Number of contracts | 1,688 |  |  |  |  |
Energy sold (GWh) | 6,686 |  |  |  |  |

48

Exhibit IV - OPERATIONAL DATA> GENERATION

COPEL GET |  |  |  |
| Installed Capacity (MW) | Assured Power (Average MW) | Generation 2Q25 (GWh)* | Concession Expires
Hydroelectric Power Plants | 4,833.3 | 1,990.3 | 8,735.0 |
Large hydroelectric power plant (HPP) | 4,797.0 | 1,965.8 | 8,197.8 |
Gov. Bento Munhoz da Rocha Netto (Foz do Areia - FDA) | 1,676.0 | 567.6 | 2,136.3 | 11.19.2054
Gov. Ney Aminthas de B. Braga (Segredo) | 1,260.0 | 552.8 | 2,553.5 | 11.19.2054
Gov. José Richa (Salto Caxias) | 1,240.0 | 553.3 | 2,475.4 | 11.19.2054
Gov. Parigot de Souza (GPS) (1) | 260.0 | 103.6 | 548.0 | 01.03.2053
- Regime de Cotas (70%) | 182.0 | 72.5 | 383.6
- Copel GeT(30%) | 78.0 | 31.1 | 164.4
HPP Gov. Jayme Canet Junior (Mauá) (2) | 361.0 | 188.5 | 484.6 | 01.30.2046
Small hydroelectric power station (SHP) | 36.3 | 24.5 | 537.2 |
Bela Vista | 29.8 | 18.6 | 52.6 | 01.02.2041
Derivação do Rio Jordão ** | 6.5 | 5.9 | 484.6 | 06.21.2032
Wind Power Plants | 1,127.7 | 560.9 | 1,551.6 |
São Bento Energia, Invest. e Part. S.A. | 94.0 | 38.1 | 108.1 |
GE Boa Vista S.A. | 14.0 | 5.2 | 12.9 | 04.28.2046
GE Farol S.A. | 20.0 | 8.8 | 23.2 | 04.20.2046
GE Olho D’Água S.A. | 30.0 | 12.8 | 37.9 | 06.01.2046
GE São Bento do Norte S.A. | 30.0 | 11.3 | 34.1 | 05.19.2046
Copel Brisa Potiguar S.A. | 183.6 | 89.4 | 203.9 |
Nova Asa Branca I Energias Renováveis S.A. | 27.0 | 12.1 | 28.7 | 04.25.2046
Nova Asa Branca II Energias Renováveis S.A. | 27.0 | 11.9 | 25.0 | 05.31.2046
Nova Asa Branca III Energias Renováveis S.A. | 27.0 | 12.3 | 23.8 | 05.31.2046
Nova Eurus IV Energias Renováveis S.A. | 27.0 | 12.4 | 29.1 | 04.27.2046
Santa Maria Energias Renováveis S.A. | 29.7 | 15.7 | 35.5 | 05.08.2047
Santa Helena Energias Renováveis S.A. | 29.7 | 16.0 | 40.9 | 04.09.2047
Ventos de Santo Uriel S.A. | 16.2 | 9.0 | 20.9 | 04.09.2047
Cutia | 180.6 | 71.4 | 207.5 |
UEE Cutia S.A. | 23.1 | 9.6 | 29.6 | 01.05.2042
UEE Esperança do Nordeste S.A. | 27.3 | 9.1 | 26.2 | 05.11.2050
UEE Guajiru S.A. | 21.0 | 8.3 | 21.1 | 01.05.2042
UEE Jangada S.A. | 27.3 | 10.3 | 35.6 | 01.05.2042
UEE Maria Helena S.A. | 27.3 | 12.0 | 34.4 | 01.05.2042
UEE Paraíso dos Ventos do Nordeste S.A. | 27.3 | 10.6 | 29.5 | 05.11.2050
UEE Potiguar S.A. | 27.3 | 11.5 | 31.1 | 05.11.2050
Bento Miguel | 132.3 | 58.7 | 145.2 |
CGE São Bento do Norte I S.A. | 23.1 | 10.1 | 27.1 | 08.04.2050
CGE São Bento do Norte II S.A. | 23.1 | 10.8 | 30.1 | 08.04.2050
CGE São Bento do Norte III S.A. | 23.1 | 10.2 | 25.8 | 08.04.2050
CGE São Miguel I S.A. | 21.0 | 9.3 | 22.7 | 08.04.2050
CGE São Miguel II S.A. | 21.0 | 9.1 | 19.9 | 08.04.2050
CGE São Miguel III S.A. | 21.0 | 9.2 | 19.6 | 08.04.2050
Vilas | 186.7 | 98.6 | 265.0 |
Vila Ceará I (Antiga Vila Paraíba IV) | 32.0 | 17.8 | 48.3 | 01.14.2054
Vila Maranhão I | 32.0 | 17.8 | 45.7 | 01.11.2054
Vila Maranhão II | 32.0 | 17.8 | 47.9 | 01.14.2054
Vila Maranhão III (Antiga Vila Paraíba III) | 32.0 | 16.6 | 44.8 | 01.14.2054
Vila Mato Grosso (Antiga Vila Alagoas III) | 58.9 | 28.6 | 78.3 | 12.06.2054
Jandaira | 90.1 | 46.9 | 127.4 |
Jandaira I | 10.4 | 5.6 | 16.9 | 04.02.2055
Jandaira II | 24.3 | 12.3 | 34.7 | 04.02.2055
Jandaira III | 27.7 | 14.8 | 38.1 | 04.02.2055
Jandaira IV | 27.7 | 14.2 | 37.7 | 04.02.2055
Aventura | 105.0 | 65.0 | 196.4 |
Aventura II | 21.0 | 13.1 | 39.3 | 06.05.2053
Aventura III | 25.2 | 15.5 | 45.4 | 06.11.2053
Aventura IV | 29.4 | 18.5 | 57.5 | 06.05.2053
Aventura V | 29.4 | 17.9 | 54.2 | 06.05.2053
Santa Rosa e Mundo Novo | 155.4 | 92.8 | 298.1 |
Santa Rosa e Mundo Novo I | 33.6 | 17.3 | 52.3 | 06.04.2053
Santa Rosa e Mundo Novo II | 29.4 | 17.2 | 63.0 | 06.04.2053
Santa Rosa e Mundo Novo III | 33.6 | 21.5 | 70.7 | 06.04.2053
Santa Rosa e Mundo Novo IV | 33.6 | 21.0 | 68.2 | 06.01.2053
Santa Rosa e Mundo Novo V | 25.2 | 15.8 | 43.9 | 06.01.2053
TOTAL | 5,961.0 | 2,551.2 | 10,286.6 |
(1) RAG of R$176.6 million, updated by Aneel's Resolution No. 3,506, of July 22, 2025. (2) Plant incorporated into the portfolio, according Material Fact 03/25, refers to 51% in the period. * Considers internal consumption of generators and generation in commercial operation. ** Plant do not participate in the MRE.

49

Exhibit IV - OPERATIONAL DATA > GENERATION

INTEREST |  |  |  |  |  |
Enterprise | Partners | Installed Capacity (MW) | Assured Power 1 (Average MW) | Proportional installed capacity (MW) | Proporcional Assured Power (Average MW) | Concession Expires
Hydroelectric Power Plants |  | 400.6 | 225.9 | 211.7 | 117.2 |
Large hydroelectric power plant (HPP) |  | 365.4 | 200.6 | 197.1 | 106.4 |
HPP Santa Clara (Elejor) | COPEL - 70% Paineira Participações - 30% | 120.2 | 66.0 | 84.2 | 46.2 | 05.10.2040
HPP Fundão (Elejor) | COPEL - 70% Paineira Participações - 30% | 120.2 | 62.1 | 84.1 | 43.5 | 06.11.2040
HPP Dona Francisca (DFESA) | COPEL - 23,03% Gerdau - 53,94% Celesc - 23,03% | 125.0 | 72.5 | 28.8 | 16.7 | 09.21.2037
Small hydroelectric power station (SHP) |  | 29.1 | 20.4 | 10.4 | 7.3 |
SHP Arturo Andreoli 5 (Foz do Chopim) | COPEL GeT - 35,77% Silea Participações - 64,23% | 29.1 | 20.4 | 10.4 | 7.3 | 07.07.2034
Hydroelectric Generating Centers (CGH) |  | 6.1 | 4.9 | 4.2 | 3.5 |
CGH Santa Clara I (Elejor) | COPEL - 70% Paineira Participações - 30% | 3.6 | 2.8 | 2.5 | 2.0 | (2)
CGH Fundão I (Elejor) | COPEL - 70% Paineira Participações - 30% | 2.5 | 2.1 | 1.7 | 1.5 | (2)
Wind Power Plants |  | 108.5 | 57.1 | 53.2 | 28.0 |
Voltalia - São Miguel do Gostoso (5 parques) | COPEL- 49% Voltalia- 51% | 108.5 | 57.1 | 53.2 | 28.0 | (3)
Solar |  | 2.3 | - | 1.1 | - |
Solar Paraná 4 | COPEL - 49% | 2.3 | - | 1.1 | - | 09.15.2046
TOTAL |  | 511.4 | 283.0 | 266.0 | 145.2 |
1 Assured power updated by Ordinance No. 709/2022 of: HPP Mauá, Santa Clara, Fundão and Dona Francisca.
2 Elejor requested the reclassification of its Small Hydroelectric Power Plants - (SHPs) Fundão I and Santa Clara I to Hydroelectric Generating Centers (CGHs), as amended by Art. 8 of Law 9074/1995. This was formalized through ANEEL Authorizing Resolutions 14,744 and 14,745 of 06/20/2023, with the plants exempted from concession, having only registration with ANEEL.
3 The Concession Expires of the wind farm concessions are respectively: Carnaúbas (04.09.2047), Reduto (04.16.2047), Santo Cristo (04.18.2047), São João (03.26.2047).
4 Holding of 6 SCPs operating in the field of distributed generation (photovoltaic plants): Pharma Solar II, Pharma Solar III, Pharma Solar IV, in commercial operation, e Bandeirantes Solar I, Bandeirantes Solar II e Bandeirantes Solar III, in pre-operational.
5 Extension of Grant according to REH 3.242/1S2024.

50

Exhibit IV - OPERATIONAL DATA > TRANSMISSION

Subsidiary / SPC | Contract | Enterprise | UF | TL |  | APR ¹ (R$ millions) | Adjustment installment (R$ millions) | Concession Expiration
Extension (km)2 | Substation | MVA
Copel GeT | 060/2001 | Several | SP/PR | 2,129 | 35 | 12,815 | 663.6 | 12.3 | 01.01.2043
Copel GeT | 075/2001 | TL Bateias - Jaguariaiva | PR | 137 | - | - | 18.2 | -0.5 | 08.17.2031
Copel GeT | 006/2008 | TL Bateias - Pilarzinho | PR | 32 | - | - | 3.1 | 0.1 | 03.17.2038
Copel GeT | 027/2009 | TL Foz - Cascavel Oeste | PR | 117 | - | - | 16.9 | -0.5 | 11.19.2039
Copel GeT | 010/2010 | TL Araraquara II — Taubaté | SP | 334 | - | - | 47.7 | -1.3 | 10.06.2040
Copel GeT | 015/2010 | SE Cerquilho III | SP | - | 1 | 300 | 7.7 | -0.4 | 10.06.2040
Copel GeT | 022/2012 | TL Foz do Chopim - Salto Osório LT Londrina - Figueira | PR | 102 | - | - | 8.5 | -0.3 | 08.27.2042
Copel GeT | 002/2013 | TL Assis — Paraguaçu Paulista II | SP | 83 | 1 | 150 | 12.3 | -2.3 | 02.25.2043
Copel GeT | 005/2014 | TL Bateias - Curitiba Norte | PR | 31 | 1 | 300 | 14.0 | -0.8 | 01.29.2044
Copel GeT | 021/2014 | TL Foz do Chopim - Realeza | PR | 52 | 1 | 300 | 16.2 | 1.6 | 09.05.2044
Copel GeT | 022/2014 | TL Assis – Londrina | SP/PR | 122 | - | - | 28.1 | -1.1 | 09.05.2044
Copel GeT | 006/16 | Lot E: TL Baixo Iguaçu - Realeza; TL Uberaba - Curitiba Centro; TL Curitiba Leste - Blumenau; SE Medianeira; SE Curitiba Centro; SE Andirá leste; Other Sections | PR | 255 | 4 | 900 | 169.4 | -5.2 | 04.07.2046
Costa Oeste Copel Get - 100% | 001/2012 | TL Cascavel Norte - Cascavel Oeste TL Cascavel Norte - Umuarama Sul SE Umuarama Sul | PR | 159 | 1 | 300 | 20.7 | -0.6 | 01.12.2042
Marumbi Copel GeT - 100% | 008/2012 | TL Curitiba - Curitiba Leste | PR | 29 | 1 | 672 | 29.9 | -1.0 | 05.10.2042
Uirapuru Transmissora Copel GeT - 100% | 002/2005 | TL Ivaiporã - Londrina | PR | 122 | - | - | 28.9 | -1.0 | 03.04.2035
Mata de Santa Genebra³ Copel GeT - 100% | 001/14 | TL Araraquara II - Bateias | SP/PR | 887 | 1 | 3,600 | 338.7 | -10.7 | 05.14.2044
Subtotal Copel GeT |  |  |  | 4,591 | 46 | 19,337 | 1,423.9 | -11.7 |
Caiuá Transmissora Copel GeT - 49% Elecnor - 51% | 007/2012 | TL Guaíra - Umuarama Sul TL Cascavel Norte - Cascavel Oeste SE Santa Quitéria / SE Cascavel Norte | PR | 142 | 2 | 700 | 17.9 | -0.3 | 05.10.2042
Integração Maranhense Copel GeT - 49% Elecnor - 51% | 011/2012 | TL Açailandia - Miranda II | MA | 365 | - | - | 27.0 | -0.9 | 05.10.2042
Matrinchã Copel GeT - 49% State Grid - 51% | 012/2012 | TL Paranaíta - Ribeirãozinho | MT | 2,033 | 4 | 800 | 146.2 | -4.7 | 05.10.2042
Guaraciaba Copel GeT - 49% State Grid - 51% | 013/2012 | TL Ribeirãozinho - Marimbondo | GO/MG | 930 | 1 | - | 75.5 | -2.7 | 05.10.2042
Paranaíba Copel GeT - 24,5% Furnas - 24,5% State Grid - 51% | 007/2012 | TL Barreiras II - Pirapora II | GO/MG | 967 | - | - | 50.2 | -1.8 | 05.02.2043
Cantareira Copel GeT - 49% Elecnor - 51% | 19/2014 | TL Estreito - Fernão Dias | MG/SP | 656 | - | - | 70.6 | -2.4 | 09.05.2044
Subtotal SPCs 4 |  |  |  | 5,093 | 7 | 1,500 | 387.4 | -12.8 |
Total |  |  |  | 9,684 | 53 | 20,837 | 1,811.3 | -24.5 |
1 Proportional to Copel's interest in the project. Values referring to the 2025/2026 cycle, effective from July 1, 2025, according to REH 3.481/2025. RAP values consider Active RAP, which is the portion of RAP referring to assets in operation at the beginning of the tariff cycle. ² Considers double circuit sections (circuits that share the same transmission tower). ³ Transmission line in the process of consolidation, according to Material Fact 03/25. 4 Equity Income.

51

Exhibit IV - OPERATIONAL DATA > DISTRIBUTION

OPERATIONAL DATA
Number of Consumers | Locations served | Cities served | Voltage | Number of Substations | MVA | Km of lines
5,235,040 | 1,068 | 395 | 13,8 kV | - | - | 115,086
34,5 kV | 237 | 1,742 | 93,302
69 kV | 36 | 2,488 | 751
88 kV | 0 | 5 | -
138 kV | 131 | 8,018 | 7,283
|  |  |  | 404 | 12,253 | 216,422
Consumer-to-employee ratio DIS | 2020 | 2021 | 2022 | 2023 | 2024 | jun-25
Captive Consumers | 4,835,852 | 4,926,608 | 5,011,555 | 5,098,006 | 5,184,322 | 5,228,467
Copel Dis employees | 4,641 | 4,430 | 4,257 | 4,203 | 3,199 | 3,032
Consum/Emp | 1,042 | 1,112 | 1,177 | 1,213 | 1,621 | 1,724
QUALITY OF SUPPLY
| Year | DEC ¹ (hours) | FEC ² (outages) |  |  |
| 2020 | 7.83 | 5.61 |  |  |
| 2021 | 7.47 | 5.09 |  |  |
| 2022 | 7.96 | 5.10 |  |  |
| 2023 | 7.97 | 5.41 |  |  |
| 2024 | 7.92 | 5.36 |  |  |
| Jun-25 | 7.49 | 4.94 |  |  |
¹ DEC measured in hours and hundredths of an hour ² FEC expressed in number of interruptions and hundredths of a number of interruptions year to date * Values of the last 12 months
Period | Technical Loss | Non-Technical Loss | Total loss
Regulatory (1) | Real (2) | Regulatory (3) | Calculated (4) | Regulatory (5) | Total (6)
Jun-21 | 6.05% | 5.93% | 4.70% | 4.34% | 8.08% | 7.92%
Jun-22 | 5.79% | 5.73% | 4.47% | 4.54% | 7.65% | 7.68%
Jun-23 | 5.79% | 5.78% | 4.47% | 4.55% | 7.57% | 7.61%
Jun-24 | 5.79% | 5.75% | 4.47% | 5.65% | 7.58% | 8.05%
Jun-25 | 5.79% | 5.60% | 5.29% | 4.05% | 8.15% | 7.60%
(1) Percentage established in the tariff review;
(2) Technical loss calculated and reported monthly to Aneel;
(3) Percentage established in the tariff review;
(4) Difference between reported total losses and technical losses calculated as a percentage established in the review and the total injected energy, also reported monthly to Aneel;
(5) (Regulatory percentage of PNT x informed BT Market + technical losses calculated as a percentage established in the review and the total energy injected) / Injected energy;
(6) Total loss on injected energy.
NOTE: In the calculation of the distributor's total losses, energy losses inherent to the electric power system (technical losses), commercial losses (mainly due to fraud, theft) and differences related to the shift in the billing schedule and the effects of the portion of mini and micro generation distributed in the Company's network

52

SIGNATURE

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.

Date August 6, 2025

COMPANHIA PARANAENSE DE ENERGIA – COPEL
By: | /S/ Daniel Pimentel Slaviero |
| Daniel Pimentel Slaviero Chief Executive Officer |

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.