Alupar Investimento SA

Alupar Investimento SA

13.16
BRL
+0.12
(+0.92%)
11.27BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.72
1.96
2.12
2.03
1.56
1.9
4.64
6.21
5.29
3.88
3.39
4.05
4.5
- -
Basic EPS, GAAP
0.39
0.48
0.3
0.41
0.33
0.39
0.9
0.95
1.13
0.93
0.71
1.1
1.24
- -
Free Cash Flow per Basic Share
-0.36
0.28
-0.17
0.51
0.63
0.22
-0.26
-0.8
1.05
2.32
2.41
2.26
2.05
- -
Dividend per Share
0.49
1.37
0.67
0.64
0.44
0.51
0.45
0.66
0.89
1.08
1.14
0.96
0.9
0.73
Book Value per Share
3.43
3.28
3.35
3.43
3.93
4.38
5.06
5.81
6.62
7.04
7.44
8.33
9.27
9.75
Tangible Book Value per Share
3.24
3.07
3.15
3.26
3.78
4.23
4.87
5.61
6.34
6.76
7.17
7.96
8.81
9.15
Basic Weighted Avg Shares
749
749
703
765
989
989
989
989
989
989
977
989
978
659
Sales/Revenue/Turnover
1,291
1,470
1,494
1,554
1,538
1,883
4,592
6,141
5,234
3,834
3,311
4,002
4,398
- -
Operating Margin (%)
73.23
70.68
70.97
78.17
68.09
61.53
50.87
54.07
71.64
74.17
69.96
68.55
63.97
- -
Depreciation Expense
35
39
74
88
99
102
113
135
140
150
154
178
186
- -
Net Income, GAAP
290
363
209
311
331
387
890
942
1,115
918
694
1,086
1,216
- -
Effective Tax Rate (%)
16.4
6.94
12.06
14.97
10.64
18.94
24.78
28.05
25.89
12.42
22.24
4.2
22.72
- -
Profit Margin (%)
22.45
24.69
14
20
21.51
20.54
19.39
15.34
21.31
23.96
20.96
27.14
27.64
- -
Working Capital
945
1,074
393
800
1,892
3,457
3,356
1,794
1,953
2,834
2,171
3,190
3,681
6,033
LT Debt
2,564
3,436
3,515
3,383
3,672
5,697
7,674
8,180
9,135
10,521
9,677
10,751
11,161
13,278
Total Equity
4,102
3,878
4,067
4,558
5,607
6,262
7,540
8,945
10,002
10,372
10,629
11,724
12,577
13,379
Return on Invested Capital (%)
11.58
12.69
11.34
11.73
9.71
8.32
12.16
13.97
14.61
11.8
8.03
11.13
8.7
- -
Return on Capital (%)
1.59
3.04
2.76
3.12
2.81
2.47
2.7
0.65
4.01
5.73
5.14
6.33
6.94
- -
Return on Common Equity (%)
13.8
14.45
8.43
11.49
9.76
9.42
19.08
17.52
18.13
13.6
9.7
13.93
13.97
- -

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,451
1,499
1,616
LT Borrowings
11,143
13,057
13,261
LT Finance Leases
18
16
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
989
989
989
Market Capitalization
11,669
12,855
11,273

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,226
8,298
8,807
Cash, Cash Equivalents & STI
3,229
5,246
5,372
Accounts Receivable, Net
187
191
349
Inventories
10
11
11
Total Current Liabilities
2,544
2,518
2,775
Payables & Accruals
- -
- -
- -
ST Debt
1,451
1,499
1,616
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.14%
7.12%
7.28%
Free Cash Flow
-57.3%
-24.51%
-10.37%
Net Income, GAAP
25.27%
8.94%
11.92%
Sales/Revenue/Turnover
17.86%
-4.88%
9.89%
Total Cash Common Dividend
8.18%
7.45%
-8.02%

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
997
954
929
1,123
4,002
2025
1,224
1,047
- -
1,164
4,398
2026
1,256
1,627
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.26
0.54
0.23
1.1
2025
0.3
0.15
- -
0.86
1.24
2026
0.2
0.42
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.11
0.63
0.4
0.96
2025
0.08
0.45
- -
0.45
0.9
2026
0.22
0.11
- -
- -
- -

Company Description

CEO
Paulo Roberto de Godoy Pereira
Full Time Employees
933
Sector
Utilities
Industry
Electric utilities
Address
Rua Gomes de Carvalho, 1.996 São Paulo SP Brazil 04547-006
IPO Date
Apr 24, 2013
Business
Alupar Investimento S.A. operates as a holding company primarily engaged in the generation and transmission of electric energy, catering to electricity distributors in Brazil and various Latin American countries including Chile, Peru, and Colombia. The company’s core offerings encompass a diversified portfolio of hydroelectric power plants, wind farms, and photovoltaic power plants, with a total installed capacity of approximately 798.5 MW, alongside a robust network of electric energy transmission lines. Alupar’s revenue model principally relies on long-term concession contracts with regulatory frameworks guaranteed by the Brazilian government, providing stable and predictable cash flows. The company also engages in infrastructure development linked to electricity transmission and generation assets, offering consulting and project management services within the energy sector. Founded in 2007 and headquartered in São Paulo, Brazil, Alupar operates under two primary segments: Transmission and Generation, and is a subsidiary of Guarupart Participações Ltda. Recent significant developments include the strategic acquisition of Rialma Transmissora de Energia IV S.A. for R$175.4 million, expanding Alupar's transmission network in Bahia, Brazil. The acquisition adds 162 kilometers of transmission lines and contributes an estimated annual permitted revenue of R$20.6 million for 2024-2025. Beyond Brazil, Alupar has notably advanced its international footprint by acquiring multiple transmission projects in Peru, totaling $443 million in investments, and is actively investing in water-related projects with projected capital expenditures amounting to $732 million anticipated to generate more than $100 million in additional revenue by 2029. The company reported substantial financial performance improvements in 2024, with quarterly revenues reaching approximately BRL 928 million and EBITDA growing to BRL 693 million, driven by operational efficiency and growth in its generation segment. Alupar also announced increased dividend payments and maintains a strong project pipeline across Latin America, with upcoming capital expenditures planned for Peru, Chile, and Colombia, aligned with dollar-indexed contracts and expected operational commencement within roughly five years. Alupar Investimento S.A. stands as a key infrastructure player in the Latin American energy sector, distinguished by its balanced approach between renewable energy generation and transmission infrastructure development aimed at enhancing energy security and sustainability in the regions it serves. The company emphasizes disciplined capital allocation and strategic expansion to reinforce its market presence and support the ongoing energy transition toward renewables. It employs over 900 professionals and continues to benefit from a stable regulatory environment that fosters long-term investments in energy infrastructure.