Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A.

TAEE4.SA
Transmissora Aliança de Energia Elétrica S.A.BR flagB3 S.A.
13.58
BRL
-0.09
- -
13.82BMarket Cap
Transmissora Aliança de Energia Elétrica S.A.
TAEE4.SA
(B3 S.A.)

Recent

price

13.58

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.01
1.21
1.26
1.4
1.45
1.49
1.35
1.04
1.58
1.78
3.45
3.36
2.53
3.25
3.6
4.47
4.53
Revenue per Share
0.54
0.63
0.66
0.86
0.88
0.88
0.83
0.63
1.04
1.07
2.19
2.14
1.4
1.32
1.64
1.53
1.52
Basic EPS, GAAP
0.75
0.95
1.07
1.14
1.66
1.62
1.5
1.41
1.12
0.85
0.46
1.35
1.77
0.66
1.45
1.44
1.57
Free Cash Flow per Basic Share
0.13
0.97
0.66
0.73
0.98
0.73
0.9
0.59
0.93
0.63
1.07
1.5
1.62
0.97
0.97
0.99
1.08
Dividend per Share
2.16
2.1
3.61
3.45
3.27
3.35
2.94
2.94
2.94
2.94
2.94
2.94
2.97
2.97
2.97
2.97
3.31
Book Value per Share
3.17
2.84
4.56
4.16
4.07
4.22
4.14
4.17
4.32
4.75
5.74
6.37
6.23
6.15
6.53
7.19
7.54
Tangible Book Value per Share
790
790
898
1,033
1,033
1,033
1,033
1,033
1,033
1,033
1,033
1,033
1,033
1,033
1,033
1,033
1,033
Basic Weighted Avg Shares
799
953
1,127
1,448
1,496
1,542
1,391
1,077
1,635
1,840
3,561
3,472
2,617
3,361
3,718
4,624
4,679
Sales/Revenue/Turnover
85.36
89.03
86.42
79.62
84.08
85.62
81.62
70.35
69.02
61.62
66.29
76.43
71.71
56.72
59.15
49.29
48.91
Operating Margin (%)
15
2
2
2
1
2
3
4
6
13
15
23
25
18
25
63
78
Depreciation Expense
429
495
589
893
905
909
862
648
1,071
1,106
2,263
2,214
1,449
1,368
1,694
1,580
1,568
Net Income, GAAP
23.06
26.06
26.7
6.18
17.85
14.96
11.16
7.87
12.09
11.84
16.78
15.67
14.94
4.23
9.05
7.01
6.86
Effective Tax Rate (%)
53.67
51.97
52.29
61.67
60.49
58.96
61.97
60.19
65.51
60.09
63.54
63.76
55.39
40.7
45.56
34.17
33.52
Profit Margin (%)
774
-398
3,120
690
1,035
1,074
881
1,302
1,281
2,572
1,519
718
2,068
1,774
560
1,294
2,178
Working Capital
1,487
1,529
4,316
3,425
3,240
2,808
2,381
2,603
2,872
4,600
5,803
5,847
7,518
8,547
8,316
9,634
10,599
LT Debt
2,508
2,252
4,097
4,305
4,225
4,377
4,308
4,348
4,532
4,990
6,026
6,685
6,570
6,523
6,940
7,609
7,959
Total Equity
13.34
13.75
10.27
12.34
12.33
13.9
12.85
9.28
12.97
10.96
17.31
17.3
11.28
11.77
12.09
11.95
11.42
Return on Invested Capital (%)
18.63
16.72
14.04
16.63
17.31
21.11
16.93
13.94
19.79
17.82
28.67
26.85
18.79
17.65
18.74
18.07
16.99
Return on Capital (%)
28.36
29.42
24.04
26.23
26.08
26.61
26.52
21.31
35.22
36.35
74.39
72.77
47.44
44.59
55.22
51.5
45.77
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,073
1,341
1,084
LT Borrowings
9,255
9,633
10,599
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,033
1,033
1,033
Market Capitalization
12,629
14,552
14,986

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,387
3,579
3,864
Cash, Cash Equivalents & STI
1,073
1,286
1,604
Accounts Receivable, Net
326
262
273
Inventories
- -
- -
- -
Total Current Liabilities
2,030
2,285
1,686
Payables & Accruals
- -
- -
- -
ST Debt
1,073
1,341
1,084
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.9%
4.91%
9.65%
Free Cash Flow
17.66%
56.12%
-0.56%
Net Income, GAAP
11.79%
-5.04%
-6.73%
Sales/Revenue/Turnover
16.18%
7.26%
24.37%
Total Cash Common Dividend
9.36%
1.95%
1.39%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
729
911
991
1,087
3,718
2025
983
1,262
1,181
1,199
4,624
2026
1,037
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.36
0.39
0.4
- -
1.64
2025
0.35
0.49
0.33
- -
1.53
2026
0.34
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
0.52
0.02
- -
0.97
2025
0.2
0.21
0.19
- -
0.99
2026
0.29
- -
- -
- -
- -
Business
Transmissora Aliança de Energia Elétrica S.A. (TAESA) is a leading Brazilian electric power transmission company primarily engaged in the construction, operation, and maintenance of high-voltage transmission assets. The company operates approximately 15,313 kilometers of transmission lines including 14,509 kilometers in operation and 804 kilometers under construction, across Brazil, serving all five regions and 18 states plus the Federal District. TAESA's portfolio includes 113 substations with voltage levels ranging from 69 kV to 525 kV, supported by a system operation center based in Rio de Janeiro. Founded in 2000 and headquartered in Rio de Janeiro, TAESA focuses exclusively on regulated electric transmission services, catering to Brazilian utilities, industrial clients, and the national grid. The company is majority-owned by the Belo Horizonte-based firm CEMIG and acts as a critical infrastructure player within Brazil’s energy sector. TAESA offers a comprehensive suite of transmission services including the design, construction, and ongoing operation and maintenance of transmission lines and substations. Its network is critical for ensuring the reliable delivery of electricity from generation points to distribution centers across Brazil. Recent operational improvements include organizational restructuring for greater operational efficiency and the implementation of an Information Technology Master Plan to enhance resource allocation and system security. TAESA also faced operational challenges such as tower collapses in 2024, which it is administratively contesting, reflecting ongoing asset risk management initiatives. The company has adapted its dividend distribution methodology in 2024 to be based on regulatory income as part of enhanced financial planning. Its portfolio growth includes continued expansion and reinforcement projects under regulatory frameworks supporting the Brazilian power sector's modernization and reliability goals. TAESA remains active in strategic business developments, including participation in auctions for power transmission concessions, reinforcing its position as one of the largest private transmission groups by Annual Permitted Revenues (RAP) in Brazil. The company maintains a strong financial profile with significant assets and a growing regulatory asset base. Its recent operational focus has emphasized centralization and synergy gains across its operational and maintenance bases to boost efficiency and reliability. TAESA is integral to Brazil’s national energy strategy to ensure energy independence, infrastructure resilience, and support for economic growth through stable and secure power transmission services. Transmissora Aliança de Energia Elétrica S.A. operates exclusively in Brazil, with a strong presence in the electric utilities sector providing regulated transmission services. It has a significant network of transmission lines and substations and continues to invest in modernizing and expanding its transmission infrastructure. The company reported a strategic organizational reconfiguration and financial adjustments aligned with tariff regulations and operational contingencies. TAESA’s corporate governance includes a board with leadership focusing on operational and financial management to sustain its growth and regulatory compliance. This description incorporates the latest operational scale, geographic coverage, product and service details, and key recent strategic and operational developments of Transmissora Aliança de Energia Elétrica S.A. as of late 2025. It reflects the company’s status as a major player in Brazil’s regulated electric transmission sector, with ongoing initiatives to expand and optimize transmission infrastructure under the national regulatory framework.