Light S.A.

Light S.A.

1.30
USD
0.00
(0.00%)
2.53EPS
0.42P/E
264.16MMarket Cap
Nov 12Next Earn
Light S.A.
OTC:LGSXY
(OTC Markets)

Recent

price

1.30

P/E

ratio

0.42

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
BRL
64.45
68.77
71.13
72.74
90.17
106.9
94.23
110.52
116.08
107.88
85.17
78.57
71.57
75.54
77.53
77.62
80.61
Revenue per Share
5.69
3.39
4.2
5.82
6.56
0.37
-3.1
1.23
1.64
10.92
4.6
2.19
-31.23
1.4
8.91
1.16
13.06
Basic EPS, GAAP
5.94
-4.53
-9.16
5.84
-2.45
0.95
7.2
-6.19
-7.1
-3.28
9.07
-7.11
-6.99
3.43
6.41
-5.6
-9.87
Free Cash Flow per Basic Share
7.88
4.65
4.21
2.57
3.61
1.15
0.51
- -
0.29
0.32
- -
0.9
0.52
- -
- -
- -
- -
Dividend per Share
23.4
22.57
21.53
24.74
25.82
26.07
23.86
24.42
24.11
29.74
33.78
34.97
11.39
12.4
20.9
21.82
37.28
Book Value per Share
-2.31
-5.03
-5.14
-3.45
-2.24
-2.8
-2.72
-1
2.08
16.2
19.94
23.62
1.51
4.18
14.98
17.93
-9.6
Tangible Book Value per Share
101
101
101
101
101
101
101
101
101
122
150
182
182
182
184
184
185
Basic Weighted Avg Shares
6,509
6,945
7,182
7,345
9,106
10,795
9,515
11,160
11,722
13,120
12,817
14,271
13,000
13,722
14,303
14,319
14,907
Sales/Revenue/Turnover
19.08
12.29
9.1
16.73
14.25
10.99
10.17
13.21
9.53
20.87
14.57
8.6
-23
12.86
8.7
9.35
5.95
Operating Margin (%)
353
360
350
391
415
459
495
519
545
587
591
678
731
787
894
916
950
Depreciation Expense
575
342
424
587
663
38
-313
124
166
1,328
692
398
-5,672
255
1,644
213
2,415
Net Income, GAAP
37.66
26.14
29.16
31.07
29.12
69.54
- -
58.38
46.76
33.24
33.95
- -
- -
68.75
5.83
66.23
- -
Effective Tax Rate (%)
8.84
4.92
5.9
8
7.28
0.35
-3.29
1.11
1.41
10.12
5.4
2.79
-43.63
1.86
11.49
1.49
16.2
Profit Margin (%)
191
673
216
177
30
-423
-1,259
-1,355
357
177
757
2,635
-872
-10,360
1,900
-1,193
888
Working Capital
1,924
3,399
3,776
5,173
6,002
5,730
4,997
4,942
8,032
7,427
7,392
9,249
9,943
200
9,035
8,788
8,942
LT Debt
3,289
3,172
3,026
3,477
3,629
3,665
3,354
3,432
3,389
6,231
7,076
8,733
2,845
3,096
5,218
5,449
9,310
Total Equity
13.85
10.46
11.23
11.46
6.99
0.38
- -
5.9
5.22
14.27
8.93
- -
- -
3.87
7.93
2.91
- -
Return on Invested Capital (%)
14.98
10.6
10.26
11.42
10.96
2.19
- -
3.59
4.38
12.56
6.58
- -
- -
3.67
13.03
2.6
- -
Return on Capital (%)
16.81
10.59
13.68
18.06
18.66
1.04
-8.92
3.66
4.86
27.6
10.4
5.03
-97.98
8.59
39.54
4
32.41
Return on Common Equity (%)

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,284
1,307
592
LT Borrowings
8,491
8,530
8,654
LT Finance Leases
297
293
288
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
250
250
250
Market Capitalization
2,459
2,191
1,365

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,313
5,011
6,465
Cash, Cash Equivalents & STI
1,747
1,417
2,132
Accounts Receivable, Net
1,685
1,719
1,785
Inventories
92
99
104
Total Current Liabilities
6,506
7,120
5,578
Payables & Accruals
- -
- -
- -
ST Debt
1,284
1,307
592
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.78%
7.56%
4.41%
Free Cash Flow
-44.58%
-88.55%
-187.38%
Net Income, GAAP
-159.55%
-243.04%
-87.04%
Sales/Revenue/Turnover
3.24%
2.46%
0.11%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,207
3,605
3,565
3,925
14,303
2025
3,574
3,282
3,479
3,984
14,319
2026
3,848
3,595
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.43
-0.28
0.85
10.17
8.91
2025
2.27
-0.28
0.18
-1.01
1.16
2026
15.29
-1.37
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Light S.A. (LIGT3.SA) is a Brazil-based holding company engaged in the generation, transmission, distribution and commercialization of electric power, primarily operating through subsidiaries in the state of Rio de Janeiro; its core activities encompass electricity distribution to approximately 4.3 million consumer units serving 11.6 million people across 31 municipalities including the Rio de Janeiro Metropolitan Area via 87,706 km of lines, hydroelectric power generation from plants such as Pereira Passos, Nilo Peçanha, Ilha dos Pombos, Santa Branca and Fontes Nova with 855 MW installed capacity, energy trading in the unregulated market, and related services including smart grid technologies, automation, energy efficiency management and consulting. Light Serviços de Eletricidade S.A. (Light SESA) handles distribution with 25,082 GWh sold in recent periods primarily to residential (51.8-62.5%), commercial (26.7-27.4%), industrial (2.6-21.6%) and other customers; Light Energia S.A. manages generation; LightCom Comercializadora de Energia S.A. oversees trading; and additional units like Light Conecta Ltda., Light Soluções em Eletricidade Ltda. support connectivity, services and institutional initiatives. Founded in 1899 and headquartered in Rio de Janeiro, the company targets captive and free markets in southeastern Brazil with a focus on operational improvements such as loss reduction via Light Legal projects, boundary measurements, infrastructure modernization and investments exceeding BRL 1.2 billion in the first nine months of 2025. In recent developments, Light S.A. advances under judicial reorganization with a robust cash position of BRL 2.64 billion as of Q3 2025, increased distribution investments to BRL 457 million in the quarter (73% year-on-year growth) and total BRL 1.2 billion year-to-date surpassing full-year 2024 levels, alongside a 40% reduction in emergency response times, enhanced loss-combating strategies using data intelligence and technologies, and a hedge of remaining foreign debt exposure maturing in 2026; ANEEL recommended and approved amendments for renewal of Light SESA's distribution concession expiring June 2026 under Decree 12,068 and Law 9,074 as of February 2025, paving the way for a 90-day window post-signing to execute a capital increase up to BRL 1.5 billion supported by reference shareholders and debt-to-equity conversion up to BRL 2.2 billion via convertible debentures, following UK creditor approval (99.4% in favor) in October 2024 and US Chapter 15 filing; the company also pursues generation concession renewals, capacity reserve auction participation and tax victories such as a favorable CARF ruling on a BRL 2.4 billion case in September 2025, while concluding prior divestitures like Lightger S.A. and Guanhães Energia S.A. sales in 2022.

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