Companhia Energética de Minas Gerais (Cemig) reported a historic financial performance for the full year 2024, achieving its highest-ever EBITDA of BRL 11.3 billion and a net profit of BRL 7.12 billion. This marks a significant milestone in the company's strategic turnaround since 2018, reflecting disciplined focus on regulated infrastructure investments and operational efficiency.
The robust financial results were significantly bolstered by non-recurring events during the year. These included a BRL 1.5 billion positive impact from the transmission tariff review and a BRL 1.6 billion capital gain derived from the sale of Alianca Energia in Q3 2024.
Cemig's operating cash flow reached BRL 5.5 billion in 2024, with free cash flow at BRL 4.58 billion, underscoring its strong liquidity position. The company's commitment to its dividend policy of 50% of IFRS net profit was maintained, with BRL 5 billion distributed in dividends for 2024, subject to approval.
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