Coelba approves BRL 134.3 million payout for Coelba stock after profit falls 19 percent
Published on 10/25/2026 at 01:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSThird quarter carries competing signals
- Coelba reported BRL 201 million in net income for the third quarter on October 20, 2026, down 19 percent year over year.
- Capital spending reached BRL 2.88 billion from January through September 2026, an 8 percent increase.
- Coelba's listed third-quarter reporting date was October 28, 2026.
Coelba (BRCEEBACNOR3) approved BRL 134.3 million in interest on equity after net income fell 19 percent to BRL 201 million in the third quarter of 2026. UOL reported the figures on October 20, 2026, including gross interest of BRL 0.4970635683 per common and preferred share.
Third-quarter figures point lower
The decline in net income came with net revenue of BRL 4.42 billion, down 2 percent from the same quarter of 2025. Adjusted EBITDA was BRL 1.15 billion, unchanged year over year, while net debt reached BRL 20.03 billion, up 13 percent from December 2025, according to UOL.
Capital spending totaled BRL 2.88 billion from January through September 2026, 8 percent above the comparable period. The investment lifted Coelba's regulatory remuneration base to BRL 23.3 billion, giving the weaker profit figure a clear investment counterweight.
What does the profit decline mean?
The latest numbers show pressure on earnings alongside continued network expansion. On October 8, 2026, El Fondo reported that Neoenergia planned BRL 868 million of 2026 spending on 12 new substations and 33 expansions, with BRL 25 billion allocated to Coelba through 2030.
Three dated developments
On May 8, 2026, Coelba signed a 30-year concession extension running to August 2057, as reported by UOL. On October 8, 2026, the BRL 868 million substation plan was announced. On October 20, 2026, third-quarter net income was reported at BRL 201 million.
Dates for the next review
Energia News identified October 25, 2026, as the date for a possible second-round election operation, while an earnings calendar listed October 28, 2026, for Coelba's third-quarter reporting date.
Operating scale remains substantial
Coelba serves 415 of Bahia's 417 municipalities and monitors more than 50,000 kilometers of network, according to Energia News. Its B3 listing trades under ticker CEEB3, and the company operates in electric utilities, according to TradingView.
Market context: Market report Bovespa.
