The acquisition is immediately cash-flow accretive at a very low multiple. Monitor the next 6-K or 20-F for consolidated financials showing the full impact of the Três Irmãos plant on AXIA's revenue and EBITDA, and for any update on the planned future expansion of the three additional generating units.
Price Chart
Executive Summary
AXIA Energia S.A. completed the acquisition of 100% of Juno Participações e Investimentos S.A., the controlling shareholder (50.1%) of Tijoá Energia, for BRL 256 million. This gives AXIA full control of the Três Irmãos hydroelectric power plant (808 MW capacity, R$328 million 2025 revenue, R$145 million 2025 EBITDA). The deal aligns with the company's strategic plan for portfolio optimization and corporate simplification.
Key Facts
- Acquisition price: BRL 256 million
- Três Irmãos plant: 808 MW installed capacity, R$328 million 2025 revenue, R$145 million 2025 EBITDA, R$39 million 2025 cash position
- Concession term extends to 2044
- Plant has civil structures for three additional generating units enabling future expansion
- Transaction closed on June 2, 2026, after fulfillment of conditions precedent
Financial Impact
BRL 256 million acquisition for a plant generating R$328 million revenue and R$145 million EBITDA annually — an implied EV/EBITDA of ~1.8x, highly accretive
Risk Factors
- Integration and operational risks from consolidating a new asset
- Hydrological risk (rainfall/water levels) affecting hydroelectric generation
- Brazilian regulatory and political risks
- BRL 256 million cash outlay may increase leverage
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-003275 |
| Document: 0001292814-26-003275-index-headers.html | 0001292814-26-003275 |
| Document: 0001292814-26-003275-index.html | 0001292814-26-003275 |
| Document: 0001292814-26-003275.txt | 0001292814-26-003275 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 25-NSE | $10.74 | awaiting T+1 | — | — |
Jun 2, 2026 20w ago | 6-K | $11.05 $10.93 | ▼ −1.09% | ▼ −1.49% | — |
Jun 2, 2026 20w ago | 6-K | $11.05 $10.93 | ▼ −1.09% | ▼ −1.49% | — |
May 29, 2026 21w ago | 6-K | $11.40 $11.25 | ▼ −1.32% | ▼ −1.59% | — |
May 27, 2026 21w ago | 6-K | $11.50 $11.50 | · 0.00% | ▲ +0.55% | — |
May 20, 2026 22w ago | 6-K | $12.00 $11.80 | ▲ +1.67% | ▲ +2.11% | — |
May 20, 2026 22w ago | 6-K | $12.00 $11.80 | ▼ −1.67% | ▼ −2.11% | — |
May 8, 2026 24w ago | 6-K | $12.80 $12.83 | ▲ +0.23% | ▲ +0.37% | — |
May 8, 2026 24w ago | 6-K | $12.80 $12.83 | ▲ +0.23% | ▲ +0.37% | — |
May 6, 2026 24w ago | 6-K | $13.00 $13.13 | ▲ +1.00% | ▲ +0.17% | — |
US Market Status
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